$BFAM
BRIGHT HORIZONS FAMILY SOLUTIONS INC.

2013 Q2 Form 10-Q Financial Statement

#000119312513329316 Filed on August 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $310.8M $271.5M
YoY Change 14.5% 9.45%
Cost Of Revenue $235.4M $206.9M
YoY Change 13.76%
Gross Profit $75.43M $64.55M
YoY Change 16.84% 16.69%
Gross Profit Margin 24.27% 23.78%
Selling, General & Admin $32.43M $41.86M
YoY Change -22.54%
% of Gross Profit 42.99% 64.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.70M $16.50M
YoY Change 7.27% -38.89%
% of Gross Profit 23.47% 25.56%
Operating Expenses $32.43M $41.86M
YoY Change -22.54%
Operating Profit $35.40M $16.06M
YoY Change 120.39% -37.1%
Interest Expense $8.963M $20.55M
YoY Change -56.38%
% of Operating Profit 25.32% 127.94%
Other Income/Expense, Net
YoY Change
Pretax Income $26.47M -$4.438M
YoY Change -696.51%
Income Tax $1.966M -$2.524M
% Of Pretax Income 7.43%
Net Earnings $24.58M -$1.967M
YoY Change -1349.57% -178.09%
Net Earnings / Revenue 7.91% -0.72%
Basic Earnings Per Share $0.38 -$4.20
Diluted Earnings Per Share $0.37 -$4.20
COMMON SHARES
Basic Shares Outstanding 64.73M shares 6.063M shares
Diluted Shares Outstanding 66.64M shares 6.063M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.00M $62.80M
YoY Change 0.32%
Cash & Equivalents $63.00M $62.76M
Short-Term Investments
Other Short-Term Assets $53.50M $33.80M
YoY Change 58.28%
Inventory
Prepaid Expenses
Receivables $56.70M $48.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $173.2M $144.9M
YoY Change 19.54%
LONG-TERM ASSETS
Property, Plant & Equipment $366.8M $313.1M
YoY Change 17.15%
Goodwill $1.047B
YoY Change
Intangibles $434.4M
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.17M $8.200M
YoY Change 36.18%
Total Long-Term Assets $1.860B $1.756B
YoY Change 5.87%
TOTAL ASSETS
Total Short-Term Assets $173.2M $144.9M
Total Long-Term Assets $1.860B $1.756B
Total Assets $2.033B $1.901B
YoY Change 6.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.1M $10.80M
YoY Change 928.7%
Accrued Expenses $102.9M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.900M $900.0K
YoY Change 777.78%
Total Short-Term Liabilities $245.3M $225.3M
YoY Change 8.9%
LONG-TERM LIABILITIES
Long-Term Debt $758.8M $890.5M
YoY Change -14.79%
Other Long-Term Liabilities $17.93M $47.10M
YoY Change -61.92%
Total Long-Term Liabilities $776.7M $937.6M
YoY Change -17.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $245.3M $225.3M
Total Long-Term Liabilities $776.7M $937.6M
Total Liabilities $1.212B $1.322B
YoY Change -8.26%
SHAREHOLDERS EQUITY
Retained Earnings -$421.3M
YoY Change
Common Stock $65.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $812.5M $579.8M
YoY Change
Total Liabilities & Shareholders Equity $2.033B $1.901B
YoY Change 6.91%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $24.58M -$1.967M
YoY Change -1349.57% -178.09%
Depreciation, Depletion And Amortization $17.70M $16.50M
YoY Change 7.27% -38.89%
Cash From Operating Activities $46.10M $52.30M
YoY Change -11.85% -33.8%
INVESTING ACTIVITIES
Capital Expenditures -$17.50M -$14.80M
YoY Change 18.24% -20.86%
Acquisitions
YoY Change
Other Investing Activities -$64.20M -$108.2M
YoY Change -40.67% 317.76%
Cash From Investing Activities -$81.70M -$123.0M
YoY Change -33.58% 175.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.000M 82.20M
YoY Change -97.57% -466.96%
NET CHANGE
Cash From Operating Activities 46.10M 52.30M
Cash From Investing Activities -81.70M -123.0M
Cash From Financing Activities 2.000M 82.20M
Net Change In Cash -33.60M 11.50M
YoY Change -392.17% -4.17%
FREE CASH FLOW
Cash From Operating Activities $46.10M $52.30M
Capital Expenditures -$17.50M -$14.80M
Free Cash Flow $63.60M $67.10M
YoY Change -5.22% -31.32%

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