$BFAM
BRIGHT HORIZONS FAMILY SOLUTIONS INC.

2024 Q3 Form 10-Q Financial Statement

#000143757824000026 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $719.1M $670.1M
YoY Change 11.35% 11.08%
Cost Of Revenue $537.6M $507.6M
YoY Change 10.12% 8.78%
Gross Profit $181.5M $162.4M
YoY Change 15.15% 18.93%
Gross Profit Margin 25.24% 24.24%
Selling, General & Admin $89.50M $87.50M
YoY Change 7.5% 6.84%
% of Gross Profit 49.3% 53.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.50M $25.47M
YoY Change -15.09% -11.94%
% of Gross Profit 12.4% 15.68%
Operating Expenses $92.14M $87.50M
YoY Change 10.67% 6.84%
Operating Profit $89.40M $69.06M
YoY Change 33.78% 51.67%
Interest Expense -$11.61M -$12.01M
YoY Change -4.81% -1.69%
% of Operating Profit -12.99% -17.4%
Other Income/Expense, Net
YoY Change
Pretax Income $77.78M $57.05M
YoY Change 42.45% 71.24%
Income Tax $22.88M $17.87M
% Of Pretax Income 29.41% 31.33%
Net Earnings $54.91M $39.17M
YoY Change 37.33% 90.22%
Net Earnings / Revenue 7.64% 5.85%
Basic Earnings Per Share $0.95 $0.68
Diluted Earnings Per Share $0.94 $0.67
COMMON SHARES
Basic Shares Outstanding 58.04M shares 58.00M shares
Diluted Shares Outstanding 58.70M shares 58.44M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.9M $140.2M
YoY Change 168.78% 112.46%
Cash & Equivalents $109.9M $140.2M
Short-Term Investments
Other Short-Term Assets $62.55M $70.79M
YoY Change -40.43% -20.32%
Inventory
Prepaid Expenses
Receivables $231.5M $185.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $404.0M $396.0M
YoY Change 9.42% 17.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.371B $578.9M
YoY Change 139.5% -0.34%
Goodwill $1.828B $1.788B
YoY Change 4.42% 1.17%
Intangibles $203.0M $203.9M
YoY Change -9.1% -11.9%
Long-Term Investments
YoY Change
Other Assets $109.0M $114.1M
YoY Change 10.83% 14.28%
Total Long-Term Assets $3.511B $3.441B
YoY Change 2.26% -1.32%
TOTAL ASSETS
Total Short-Term Assets $404.0M $396.0M
Total Long-Term Assets $3.511B $3.441B
Total Assets $3.915B $3.837B
YoY Change 2.96% 0.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $278.7M $282.8M
YoY Change 15.34% 18.4%
Accrued Expenses $104.7M $100.9M
YoY Change 8.57% 3.55%
Deferred Revenue $222.2M $258.9M
YoY Change 5.81% 7.89%
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $26.00M $23.50M
YoY Change 62.5% 46.88%
Total Short-Term Liabilities $666.9M $712.5M
YoY Change -10.29% -6.0%
LONG-TERM LIABILITIES
Long-Term Debt $925.7M $931.9M
YoY Change -2.61% -2.34%
Other Long-Term Liabilities $899.8M $91.56M
YoY Change 854.53% -3.28%
Total Long-Term Liabilities $1.825B $1.023B
YoY Change 74.73% -2.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $666.9M $712.5M
Total Long-Term Liabilities $1.825B $1.023B
Total Liabilities $2.516B $2.554B
YoY Change -4.6% -4.47%
SHAREHOLDERS EQUITY
Retained Earnings $736.9M $682.0M
YoY Change 18.8% 17.52%
Common Stock $58.00K $58.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.399B $1.283B
YoY Change
Total Liabilities & Shareholders Equity $3.915B $3.837B
YoY Change 2.96% 0.37%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $54.91M $39.17M
YoY Change 37.33% 90.22%
Depreciation, Depletion And Amortization $22.50M $25.47M
YoY Change -15.09% -11.94%
Cash From Operating Activities -$8.937M $109.4M
YoY Change -52.96% -2.91%
INVESTING ACTIVITIES
Capital Expenditures $23.24M $22.65M
YoY Change 13.91% 8.88%
Acquisitions
YoY Change
Other Investing Activities -$5.292M -$3.437M
YoY Change 76.4% -88.43%
Cash From Investing Activities -$28.53M -$26.08M
YoY Change 22.45% -48.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.94M -9.125M
YoY Change -57.94% -79.95%
NET CHANGE
Cash From Operating Activities -8.937M 109.4M
Cash From Investing Activities -28.53M -26.08M
Cash From Financing Activities 10.94M -9.125M
Net Change In Cash -26.53M 74.24M
YoY Change 62.77% 344.0%
FREE CASH FLOW
Cash From Operating Activities -$8.937M $109.4M
Capital Expenditures $23.24M $22.65M
Free Cash Flow -$32.18M $86.80M
YoY Change -18.34% -5.58%

Facts In Submission

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