$BFAM
BRIGHT HORIZONS FAMILY SOLUTIONS INC.

2013 Q4 Form 10-Q Financial Statement

#000119312513433133 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $319.2M $308.7M $267.9M
YoY Change 16.73% 15.2% 9.86%
Cost Of Revenue $248.0M $240.2M $207.8M
YoY Change 17.93% 15.55% 6.75%
Gross Profit $71.22M $68.51M $60.09M
YoY Change 12.85% 14.0% 22.18%
Gross Profit Margin 22.31% 22.19% 22.43%
Selling, General & Admin $32.80M $33.02M $27.62M
YoY Change 15.09% 19.54% 15.57%
% of Gross Profit 46.06% 48.2% 45.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.50M $18.70M $12.60M
YoY Change 21.12% 48.41% -10.64%
% of Gross Profit 27.38% 27.3% 20.97%
Operating Expenses $40.80M $33.02M $27.62M
YoY Change 15.91% 19.54% -10.61%
Operating Profit $30.41M $27.79M $25.36M
YoY Change 8.83% 9.6% 38.6%
Interest Expense -$9.200M $9.211M $21.38M
YoY Change -58.18% -56.91% -214.31%
% of Operating Profit -30.25% 33.15% 84.31%
Other Income/Expense, Net
YoY Change
Pretax Income $21.30M $18.59M $4.023M
YoY Change 261.02% 362.19% -1105.75%
Income Tax -$2.400M $3.652M $1.417M
% Of Pretax Income -11.27% 19.64% 35.22%
Net Earnings $23.74M $15.04M $2.446M
YoY Change 468.83% 515.04% -636.4%
Net Earnings / Revenue 7.44% 4.87% 0.91%
Basic Earnings Per Share $0.36 $0.23 -$3.05
Diluted Earnings Per Share $0.35 $0.23 -$3.05
COMMON SHARES
Basic Shares Outstanding 65.14M shares 64.92M shares 6.063M shares
Diluted Shares Outstanding 66.83M shares 6.063M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.60M $35.00M $45.10M
YoY Change -13.2% -22.39%
Cash & Equivalents $29.59M $35.01M $45.06M
Short-Term Investments
Other Short-Term Assets $56.90M $57.20M $35.80M
YoY Change 45.15% 59.78%
Inventory
Prepaid Expenses
Receivables $78.70M $55.40M $48.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $165.2M $147.7M $128.9M
YoY Change 21.43% 14.56%
LONG-TERM ASSETS
Property, Plant & Equipment $390.9M $385.6M $328.4M
YoY Change 14.84% 17.42%
Goodwill $1.096B $1.097B
YoY Change 9.92%
Intangibles $435.1M $444.8M
YoY Change 0.57%
Long-Term Investments
YoY Change
Other Assets $15.03M $12.08M $10.30M
YoY Change 55.58% 17.29%
Total Long-Term Assets $1.938B $1.940B $1.771B
YoY Change 8.84% 9.57%
TOTAL ASSETS
Total Short-Term Assets $165.2M $147.7M $128.9M
Total Long-Term Assets $1.938B $1.940B $1.771B
Total Assets $2.103B $2.088B $1.900B
YoY Change 9.74% 9.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.691M $109.0M $12.00M
YoY Change 5.89% 808.33%
Accrued Expenses $100.9M $91.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $20.60M $0.00
YoY Change
Long-Term Debt Due $7.900M $7.900M $900.0K
YoY Change 288.02% 777.78%
Total Short-Term Liabilities $255.1M $260.4M $202.1M
YoY Change 26.35% 28.86%
LONG-TERM LIABILITIES
Long-Term Debt $756.3M $757.5M $898.0M
YoY Change -16.39% -15.64%
Other Long-Term Liabilities $19.01M $19.75M $50.50M
YoY Change -19.86% -60.89%
Total Long-Term Liabilities $775.3M $777.3M $948.5M
YoY Change -16.48% -18.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $255.1M $260.4M $202.1M
Total Long-Term Liabilities $775.3M $777.3M $948.5M
Total Liabilities $1.214B $1.230B $1.310B
YoY Change -7.21% -6.09%
SHAREHOLDERS EQUITY
Retained Earnings -$382.5M -$406.3M
YoY Change -3.19%
Common Stock $65.00K $65.00K
YoY Change 983.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $889.1M $850.0M $590.1M
YoY Change
Total Liabilities & Shareholders Equity $2.103B $2.088B $1.900B
YoY Change 9.74% 9.91%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $23.74M $15.04M $2.446M
YoY Change 468.83% 515.04% -636.4%
Depreciation, Depletion And Amortization $19.50M $18.70M $12.60M
YoY Change 21.12% 48.41% -10.64%
Cash From Operating Activities $38.20M $23.10M $2.200M
YoY Change 165.28% 950.0% -72.84%
INVESTING ACTIVITIES
Capital Expenditures -$14.30M -$15.50M -$20.10M
YoY Change -32.86% -22.89% 84.4%
Acquisitions
YoY Change
Other Investing Activities -$6.300M -$61.10M $200.0K
YoY Change 65.79% -30650.0% -100.78%
Cash From Investing Activities -$20.60M -$76.60M -$19.90M
YoY Change -17.93% 284.92% -45.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.20M 24.70M -400.0K
YoY Change 11500.0% -6275.0% -102.35%
NET CHANGE
Cash From Operating Activities 38.20M 23.10M 2.200M
Cash From Investing Activities -20.60M -76.60M -19.90M
Cash From Financing Activities -23.20M 24.70M -400.0K
Net Change In Cash -5.600M -28.80M -18.10M
YoY Change -48.62% 59.12% 58.77%
FREE CASH FLOW
Cash From Operating Activities $38.20M $23.10M $2.200M
Capital Expenditures -$14.30M -$15.50M -$20.10M
Free Cash Flow $52.50M $38.60M $22.30M
YoY Change 47.06% 73.09% 17.37%

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