Bright Horizons Family Solutions (BFAM) Financials

$118.07 -0.14 (-0.12%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$118.14 +0.07 (+0.06%)

As of 04/15/2025 04:14 PM Eastern

Annual Income Statements for Bright Horizons Family Solutions

This table shows Bright Horizons Family Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	94	95	157	158	180	27	70	81	74	140
Consolidated Net Income / (Loss)	94	95	157	158	180	27	70	81	74	140
Net Income / (Loss) Continuing Operations	94	95	157	158	180	27	70	81	74	140
Total Pre-Tax Income	140	143	161	192	223	16	90	112	120	198
Total Operating Income	182	197	205	239	268	53	129	158	171	247
Total Gross Profit	358	391	431	473	523	305	415	479	532	620
Total Revenue	1,458	1,570	1,741	1,903	2,062	1,515	1,755	2,020	2,418	2,686
Operating Revenue	1,458	1,570	1,741	1,903	2,062	1,515	1,755	2,020	2,418	2,686
Total Cost of Revenue	1,101	1,179	1,310	1,430	1,539	1,211	1,340	1,542	1,887	2,066
Operating Cost of Revenue	1,101	1,179	1,310	1,430	1,539	1,211	1,340	1,542	1,887	2,066
Total Operating Expenses	176	194	225	234	255	251	286	321	360	373
Selling, General & Admin Expense	148	164	193	202	221	220	257	289	327	355
Amortization Expense	28	30	33	33	34	32	29	32	33	18
Total Other Income / (Expense), net	-41	-54	-44	-48	-45	-38	-39	-45	-52	-49
Interest Expense	41	54	44	48	45	38	39	39	52	49
Other Income / (Expense), net	-	-	-	-	-	0.00	0.00	-5.92	0.00	0.00
Income Tax Expense	46	48	4.44	34	42	-11	20	32	45	58
Basic Earnings per Share	$1.53	$3.18	$2.65	$2.72	$3.10	$0.45	$1.16	$1.38	$1.28	$2.42
Weighted Average Basic Shares Outstanding	60.84M	118.46M	58.87M	57.81M	57.84M	59.53M	60.31M	58.34M	57.72M	57.93M
Diluted Earnings per Share	$1.50	$1.55	$2.59	$2.66	$3.05	$0.45	$1.15	$1.37	$1.28	$2.40
Weighted Average Diluted Shares Outstanding	62.36M	121.19M	60.25M	59.00M	58.95M	60.31M	60.87M	58.49M	57.93M	58.47M
Weighted Average Basic & Diluted Shares Outstanding	61.40M	59.60M	59.20M	58.10M	58.20M	60.78M	59.28M	57.81M	57.96M	57.35M

This table shows Bright Horizons Family Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	18	18	8.13	21	40	5.52	17	39	55	29
Consolidated Net Income / (Loss)	18	18	8.13	21	40	5.52	17	39	55	29
Net Income / (Loss) Continuing Operations	18	18	8.13	21	40	5.52	17	39	55	29
Total Pre-Tax Income	27	27	18	33	55	14	26	57	78	37
Total Operating Income	39	40	31	46	67	28	40	69	89	48
Total Gross Profit	129	111	122	137	158	116	135	162	182	141
Total Revenue	540	530	554	603	646	616	623	670	719	674
Operating Revenue	540	530	554	603	646	616	623	670	719	674
Total Cost of Revenue	411	418	432	467	488	500	488	508	538	534
Operating Cost of Revenue	411	418	432	467	488	500	488	508	538	534
Total Operating Expenses	90	72	91	91	91	88	95	93	92	92
Selling, General & Admin Expense	81	63	83	82	83	79	88	87	89	90
Amortization Expense	8.95	8.79	8.20	9.13	7.57	8.52	7.65	5.85	2.64	2.20
Total Other Income / (Expense), net	-12	-13	-13	-12	-12	-14	-14	-12	-12	-11
Interest Expense	12	13	13	12	12	14	14	12	12	11
Income Tax Expense	9.09	8.72	9.60	13	15	8.46	9.27	18	23	7.65
Basic Earnings per Share	$0.32	$0.31	$0.14	$0.36	$0.69	$0.09	$0.29	$0.68	$0.95	$0.50
Weighted Average Basic Shares Outstanding	57.66M	58.34M	57.60M	57.71M	57.77M	57.72M	57.88M	57.97M	58.06M	57.93M
Diluted Earnings per Share	$0.31	$0.31	$0.14	$0.35	$0.69	$0.10	$0.29	$0.67	$0.94	$0.50
Weighted Average Diluted Shares Outstanding	57.74M	58.49M	57.71M	57.91M	58.05M	57.93M	58.31M	58.44M	58.70M	58.47M
Weighted Average Basic & Diluted Shares Outstanding	57.75M	57.81M	57.81M	57.88M	57.90M	57.96M	58.00M	58.04M	58.18M	57.35M

This table details how cash moves in and out of Bright Horizons Family Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-76	3.01	19	2.01	-7.29	357	-123	-213	38	34
Net Cash From Operating Activities	170	213	248	295	330	210	227	188	256	337
Net Cash From Continuing Operating Activities	170	213	248	295	330	210	227	188	256	337
Net Income / (Loss) Continuing Operations	94	95	157	158	180	27	70	81	74	140
Consolidated Net Income / (Loss)	94	95	157	158	180	27	70	81	74	140
Depreciation Expense	79	85	95	101	108	112	109	106	111	98
Non-Cash Adjustments To Reconcile Net Income	13	25	21	20	15	48	44	46	77	75
Changes in Operating Assets and Liabilities, net	-19	4.47	-26	14	24	20	2.05	-44	-6.00	24
Net Cash From Investing Activities	-155	-303	-105	-159	-189	-84	-117	-278	-127	-118
Net Cash From Continuing Investing Activities	-155	-303	-105	-159	-189	-84	-117	-278	-127	-118
Purchase of Property, Plant & Equipment	-78	-75	-88	-92	-112	-85	-63	-71	-91	-97
Acquisitions	-78	-229	-21	-67	-59	-8.25	-54	-210	-40	-8.27
Purchase of Investments	-	0.00	0.00	-0.77	-28	-26	-30	-31	-16	-53
Sale of Property, Plant & Equipment	0.05	1.23	4.29	1.83	7.08	12	5.83	11	0.23	2.04
Sale and/or Maturity of Investments	-	-	0.00	0.00	3.00	23	24	23	20	38
Net Cash From Financing Activities	-91	94	-124	-134	-149	229	-230	-121	-92	-184
Net Cash From Continuing Financing Activities	-91	94	-124	-134	-149	229	-230	-121	-92	-184
Repayment of Debt	-253	-1,325	-602	-700	-417	-57	-1,037	-227	-503	-174
Repurchase of Common Equity	-128	-113	-162	-127	-32	-33	-214	-183	0.00	-85
Issuance of Debt	267	1,511	643	680	289	43	992	295	403	157
Issuance of Common Equity	3.86	3.68	27	23	27	289	38	13	11	27
Other Financing Activities, net	19	16	-30	-11	-16	-13	-9.26	-20	-2.82	-109
Effect of Exchange Rate Changes	-0.47	-1.12	-	-	0.56	2.53	-3.02	-2.47	-0.01	-1.62
Cash Interest Paid	38	37	44	46	43	35	32	41	74	74
Cash Income Taxes Paid	50	35	31	42	51	11	32	50	59	76

This table details how cash moves in and out of Bright Horizons Family Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-225	0.05	8.01	17	-17	30	-20	74	-25	4.63
Net Cash From Operating Activities	5.21	57	67	113	-19	95	116	109	-8.94	121
Net Cash From Continuing Operating Activities	5.21	57	67	113	-19	95	116	109	-8.94	121
Net Income / (Loss) Continuing Operations	18	18	8.13	21	40	5.52	17	39	55	29
Consolidated Net Income / (Loss)	18	18	8.13	21	40	5.52	17	39	55	29
Depreciation Expense	27	28	27	29	27	28	28	25	23	22
Non-Cash Adjustments To Reconcile Net Income	9.86	16	8.33	10	11	47	13	10	12	40
Changes in Operating Assets and Liabilities, net	-50	-5.23	24	53	-97	14	59	35	-98	29
Net Cash From Investing Activities	-228	-27	-18	-50	-23	-35	-38	-26	-29	-25
Net Cash From Continuing Investing Activities	-228	-27	-18	-50	-23	-35	-38	-26	-29	-25
Purchase of Property, Plant & Equipment	-22	-22	-19	-21	-20	-31	-19	-23	-23	-32
Purchase of Investments	-8.13	-11	-6.23	-2.73	-0.51	-6.59	-27	-9.21	-6.77	-9.55
Sale and/or Maturity of Investments	5.00	7.38	7.45	3.78	4.22	4.09	11	6.81	6.20	14
Net Cash From Financing Activities	-0.44	-32	-41	-46	26	-31	-98	-9.13	11	-88
Net Cash From Continuing Financing Activities	-0.44	-32	-41	-46	26	-31	-98	-9.13	11	-88
Repayment of Debt	-58	-161	-164	-153	-37	-150	-144	-21	-4.00	-5.00
Issuance of Common Equity	0.86	1.82	4.29	3.10	1.38	2.42	5.51	1.39	18	2.20
Other Financing Activities, net	-0.28	-0.71	-1.75	-0.10	-0.77	-0.20	-99	-6.52	-2.97	-0.59
Effect of Exchange Rate Changes	-1.80	1.55	-0.11	-0.22	-0.95	1.27	-0.67	-0.05	2.03	-2.93
Cash Interest Paid	12	16	18	18	19	19	20	19	19	17
Cash Income Taxes Paid	8.83	12	4.90	21	15	18	3.86	36	12	24

This table presents Bright Horizons Family Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,151	2,359	2,469	2,524	3,330	3,727	3,640	3,799	3,896	3,850
Total Current Assets	153	154	192	194	229	624	540	348	447	496
Cash & Equivalents	12	15	23	15	28	384	261	36	72	110
Accounts Receivable	97	97	117	131	149	177	211	217	282	283
Prepaid Expenses	44	43	52	47	52	63	68	94	94	102
Plant, Property, & Equipment, net	430	529	575	597	636	629	598	571	579	573
Total Noncurrent Assets	1,568	1,675	1,701	1,733	2,465	2,474	2,502	2,880	2,870	2,781
Goodwill	1,148	1,268	1,307	1,348	1,413	1,432	1,482	1,728	1,786	1,763
Intangible Assets	389	375	349	323	305	275	251	246	217	198
Other Noncurrent Operating Assets	31	33	46	63	748	767	769	906	867	821
Total Liabilities & Shareholders' Equity	2,151	2,359	2,469	2,524	3,330	3,727	3,640	3,799	3,896	3,850
Total Liabilities	1,423	1,671	1,720	1,745	2,359	2,443	2,461	2,718	2,683	2,572
Total Current Liabilities	305	388	461	484	483	531	622	786	799	779
Short-Term Debt	34	87	138	129	11	11	16	100	19	29
Accounts Payable	115	125	133	154	167	195	197	231	259	305
Current Deferred Revenue	137	147	-	170	191	198	258	223	273	305
Other Current Liabilities	20	29	190	30	114	128	150	233	249	141
Total Noncurrent Liabilities	1,118	1,284	1,259	1,261	1,876	1,912	1,839	1,932	1,884	1,793
Long-Term Debt	906	1,054	1,046	1,037	1,028	1,020	976	962	944	918
Noncurrent Deferred Revenue	55	66	66	-	10	10	9.69	8.93	8.66	16
Noncurrent Deferred & Payable Income Tax Liabilities	113	112	74	71	59	46	49	51	33	20
Other Noncurrent Operating Liabilities	44	52	72	153	779	836	804	911	898	838
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	728	688	749	779	971	1,284	1,179	1,080	1,213	1,278
Total Preferred & Common Equity	728	688	749	779	971	1,284	1,179	1,080	1,213	1,278
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	728	688	749	779	971	1,284	1,179	1,080	1,213	1,278
Common Stock	983	899	747	649	648	910	746	599	646	623
Retained Earnings	-217	-122	35	193	374	401	471	552	626	766
Accumulated Other Comprehensive Income / (Loss)	-39	-89	-33	-62	-50	-27	-37	-71	-59	-110

This table presents Bright Horizons Family Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,716	3,805	3,823	3,802	3,791	3,837	3,915
Total Current Assets	303	371	336	369	348	396	404
Cash & Equivalents	33	45	66	41	64	140	110
Accounts Receivable	194	231	181	223	220	185	232
Prepaid Expenses	76	96	89	105	65	71	63
Plant, Property, & Equipment, net	561	575	581	572	574	579	597
Total Noncurrent Assets	2,852	2,859	2,906	2,861	2,869	2,862	2,914
Goodwill	1,674	1,732	1,767	1,751	1,771	1,788	1,828
Intangible Assets	255	237	231	223	208	204	203
Other Noncurrent Operating Assets	923	890	907	887	889	870	883
Total Liabilities & Shareholders' Equity	3,716	3,805	3,823	3,802	3,791	3,837	3,915
Total Liabilities	2,722	2,702	2,674	2,637	2,562	2,554	2,516
Total Current Liabilities	690	788	758	743	686	712	667
Short-Term Debt	129	61	16	45	21	24	26
Accounts Payable	232	211	239	242	238	283	279
Current Deferred Revenue	193	264	240	210	279	259	222
Other Current Liabilities	136	253	263	246	149	147	140
Total Noncurrent Liabilities	2,032	1,914	1,916	1,894	1,876	1,842	1,849
Long-Term Debt	965	958	954	950	938	932	926
Noncurrent Deferred Revenue	9.95	8.76	8.82	8.48	11	13	17
Noncurrent Deferred & Payable Income Tax Liabilities	56	47	45	46	32	30	23
Other Noncurrent Operating Liabilities	1,001	900	907	889	895	867	883
Total Equity & Noncontrolling Interests	994	1,103	1,150	1,165	1,229	1,283	1,399
Total Preferred & Common Equity	994	1,103	1,150	1,165	1,229	1,283	1,399
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	994	1,103	1,150	1,165	1,229	1,283	1,399
Common Stock	591	616	627	636	663	673	697
Retained Earnings	534	560	580	620	643	682	737
Accumulated Other Comprehensive Income / (Loss)	-130	-73	-58	-91	-77	-72	-35

This table displays calculated financial ratios and metrics derived from Bright Horizons Family Solutions' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.79%	7.64%	10.90%	9.32%	8.35%	-26.52%	15.85%	15.11%	19.69%	11.07%
EBITDA Growth	16.02%	8.39%	5.59%	13.23%	10.55%	-55.45%	42.65%	7.33%	9.35%	22.21%
EBIT Growth	23.61%	8.61%	4.16%	16.38%	12.01%	-80.09%	141.91%	17.56%	12.91%	44.02%
NOPAT Growth	29.15%	7.25%	53.07%	-1.32%	10.05%	-57.61%	9.40%	12.58%	-6.21%	64.47%
Net Income Growth	30.39%	0.89%	65.64%	0.65%	14.18%	-85.04%	161.04%	14.45%	-7.96%	88.88%
EPS Growth	40.19%	3.33%	67.10%	2.70%	14.66%	-85.25%	155.56%	19.13%	-6.57%	87.50%
Operating Cash Flow Growth	-2.43%	25.38%	16.40%	18.76%	12.08%	-36.56%	8.44%	-17.07%	35.90%	31.75%
Free Cash Flow Firm Growth	-62.12%	-155.63%	469.22%	70.05%	-7.00%	-12.63%	-16.38%	-168.05%	232.19%	51.22%
Invested Capital Growth	4.48%	9.59%	5.28%	1.06%	2.71%	-2.62%	-1.02%	10.21%	-0.09%	0.53%
Revenue Q/Q Growth	2.37%	1.75%	2.43%	2.06%	2.10%	-8.65%	5.13%	3.42%	3.69%	2.23%
EBITDA Q/Q Growth	3.40%	1.86%	2.04%	4.48%	2.08%	-24.80%	12.82%	0.21%	-3.93%	4.35%
EBIT Q/Q Growth	4.34%	1.27%	2.45%	5.03%	1.41%	-52.77%	27.02%	-1.09%	-6.20%	8.82%
NOPAT Q/Q Growth	5.76%	0.66%	18.39%	-4.01%	-0.37%	-16.67%	15.79%	1.03%	-11.16%	15.78%
Net Income Q/Q Growth	5.65%	-6.69%	27.99%	-2.94%	0.62%	-62.62%	27.36%	0.43%	-14.43%	20.24%
EPS Q/Q Growth	7.91%	-6.63%	28.86%	-2.56%	0.99%	-63.71%	27.78%	2.24%	-14.09%	20.00%
Operating Cash Flow Q/Q Growth	-12.90%	10.62%	-5.01%	7.24%	0.88%	-7.99%	1.02%	8.95%	17.25%	8.17%
Free Cash Flow Firm Q/Q Growth	-38.56%	-119.06%	248.71%	10.76%	-29.51%	40.62%	8.06%	-12.64%	97.88%	438.52%
Invested Capital Q/Q Growth	1.14%	12.09%	2.83%	1.43%	5.05%	1.86%	2.14%	2.45%	-0.78%	-5.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.53%	24.90%	24.73%	24.87%	25.36%	20.10%	23.64%	23.69%	21.99%	23.07%
EBITDA Margin	18.09%	18.22%	17.35%	17.97%	18.33%	11.11%	13.68%	12.76%	11.66%	12.83%
Operating Margin	12.45%	12.56%	11.80%	12.56%	12.99%	3.52%	7.35%	7.80%	7.08%	9.18%
EBIT Margin	12.45%	12.56%	11.80%	12.56%	12.99%	3.52%	7.35%	7.51%	7.08%	9.18%
Profit (Net Income) Margin	6.44%	6.04%	9.02%	8.30%	8.75%	1.78%	4.01%	3.99%	3.07%	5.22%
Tax Burden Percent	67.02%	66.17%	97.25%	82.46%	81.01%	172.45%	77.99%	71.88%	62.04%	70.85%
Interest Burden Percent	77.18%	72.60%	78.56%	80.13%	83.14%	29.35%	70.03%	73.97%	69.86%	80.23%
Effective Tax Rate	32.98%	33.83%	2.75%	17.54%	18.99%	-72.45%	22.01%	28.12%	37.96%	29.15%
Return on Invested Capital (ROIC)	7.51%	7.52%	10.73%	10.27%	11.09%	4.70%	5.24%	5.64%	5.05%	8.28%
ROIC Less NNEP Spread (ROIC-NNEP)	4.36%	4.04%	6.99%	6.88%	7.71%	-3.14%	0.86%	1.93%	1.71%	4.28%
Return on Net Nonoperating Assets (RNNOA)	5.19%	5.86%	11.12%	10.40%	9.51%	-2.31%	0.48%	1.50%	1.43%	2.97%
Return on Equity (ROE)	12.71%	13.39%	21.85%	20.67%	20.61%	2.39%	5.72%	7.14%	6.47%	11.26%
Cash Return on Invested Capital (CROIC)	3.13%	-1.63%	5.59%	9.22%	8.42%	7.35%	6.26%	-4.08%	5.14%	7.76%
Operating Return on Assets (OROA)	8.46%	8.75%	8.51%	9.58%	9.15%	1.51%	3.50%	4.08%	4.45%	6.37%
Return on Assets (ROA)	4.38%	4.20%	6.50%	6.33%	6.16%	0.77%	1.91%	2.17%	1.93%	3.62%
Return on Common Equity (ROCE)	12.71%	13.39%	21.85%	20.67%	20.61%	2.39%	5.72%	7.14%	6.47%	11.26%
Return on Equity Simple (ROE_SIMPLE)	12.91%	13.78%	20.95%	20.27%	18.57%	2.10%	5.97%	7.46%	6.12%	10.97%
Net Operating Profit after Tax (NOPAT)	122	131	200	197	217	92	101	113	106	175
NOPAT Margin	8.34%	8.31%	11.48%	10.36%	10.52%	6.07%	5.73%	5.61%	4.39%	6.51%
Net Nonoperating Expense Percent (NNEP)	3.15%	3.48%	3.75%	3.39%	3.39%	7.84%	4.38%	3.72%	3.34%	4.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.29%	4.88%	7.85%
Cost of Revenue to Revenue	75.47%	75.10%	75.27%	75.13%	74.64%	79.90%	76.36%	76.31%	78.01%	76.93%
SG&A Expenses to Revenue	10.16%	10.44%	11.06%	10.59%	10.74%	14.49%	14.63%	14.31%	13.52%	13.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.08%	12.36%	12.93%	12.30%	12.37%	16.58%	16.29%	15.89%	14.91%	13.89%
Earnings before Interest and Taxes (EBIT)	182	197	205	239	268	53	129	152	171	247
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	264	286	302	342	378	168	240	258	282	345
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.51	6.06	7.44	8.30	9.00	8.16	6.44	3.37	4.50	5.05
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.75	2.65	3.20	3.40	4.24	6.92	4.33	1.80	2.26	2.40
Price to Earnings (P/E)	42.70	43.97	35.51	40.97	48.47	388.15	107.85	45.19	73.52	46.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.34%	2.27%	2.82%	2.44%	2.06%	0.26%	0.93%	2.21%	1.36%	2.17%
Enterprise Value to Invested Capital (EV/IC)	2.98	2.92	3.53	3.95	4.92	5.76	4.36	2.22	3.02	3.45
Enterprise Value to Revenue (EV/Rev)	3.39	3.37	3.87	4.01	4.73	7.34	4.75	2.31	2.63	2.71
Enterprise Value to EBITDA (EV/EBITDA)	18.72	18.51	22.30	22.29	25.81	66.06	34.68	18.11	22.52	21.15
Enterprise Value to EBIT (EV/EBIT)	27.19	26.83	32.78	31.88	36.42	208.56	64.57	30.79	37.07	29.54
Enterprise Value to NOPAT (EV/NOPAT)	40.58	40.55	33.71	38.66	44.96	120.94	82.80	41.22	59.75	41.70
Enterprise Value to Operating Cash Flow (EV/OCF)	29.04	24.82	27.14	25.86	29.53	53.08	36.66	24.78	24.78	21.59
Enterprise Value to Free Cash Flow (EV/FCFF)	97.46	0.00	64.70	43.06	59.26	77.34	69.27	0.00	58.68	44.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.29	1.66	1.58	1.50	1.07	0.80	0.84	0.98	0.79	0.74
Long-Term Debt to Equity	1.24	1.53	1.40	1.33	1.06	0.79	0.83	0.89	0.78	0.72
Financial Leverage	1.19	1.45	1.59	1.51	1.23	0.74	0.56	0.78	0.84	0.69
Leverage Ratio	2.90	3.19	3.36	3.27	3.34	3.13	2.99	3.29	3.36	3.11
Compound Leverage Factor	2.24	2.31	2.64	2.62	2.78	0.92	2.09	2.43	2.34	2.49
Debt to Total Capital	56.35%	62.38%	61.25%	59.93%	51.68%	44.54%	45.70%	49.56%	44.26%	42.55%
Short-Term Debt to Total Capital	2.01%	4.74%	7.13%	6.63%	0.53%	0.46%	0.74%	4.67%	0.85%	1.28%
Long-Term Debt to Total Capital	54.33%	57.64%	54.12%	53.30%	51.15%	44.07%	44.96%	44.89%	43.41%	41.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.65%	37.62%	38.75%	40.07%	48.32%	55.46%	54.30%	50.44%	55.74%	57.45%
Debt to EBITDA	3.56	3.99	3.92	3.41	2.75	6.12	4.13	4.12	3.42	2.75
Net Debt to EBITDA	3.52	3.94	3.84	3.36	2.67	3.84	3.04	3.98	3.16	2.43
Long-Term Debt to EBITDA	3.43	3.69	3.46	3.03	2.72	6.06	4.06	3.73	3.35	2.67
Debt to NOPAT	7.72	8.74	5.93	5.91	4.79	11.21	9.86	9.37	9.06	5.42
Net Debt to NOPAT	7.62	8.63	5.81	5.83	4.66	7.03	7.27	9.05	8.39	4.79
Long-Term Debt to NOPAT	7.44	8.08	5.24	5.26	4.74	11.09	9.70	8.49	8.89	5.26
Altman Z-Score	2.42	2.25	2.81	3.26	3.17	3.21	2.61	1.53	2.10	2.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.50	0.40	0.42	0.40	0.47	1.18	0.87	0.44	0.56	0.64
Quick Ratio	0.36	0.29	0.30	0.30	0.37	1.06	0.76	0.32	0.44	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	51	-28	104	177	165	144	120	-82	108	164
Operating Cash Flow to CapEx	218.76%	287.74%	296.04%	325.09%	315.33%	287.74%	394.11%	314.07%	282.11%	354.20%
Free Cash Flow to Firm to Interest Expense	1.22	-0.52	2.36	3.73	3.65	3.82	3.11	-2.07	2.10	3.36
Operating Cash Flow to Interest Expense	4.10	3.95	5.64	6.20	7.32	5.56	5.88	4.77	4.96	6.92
Operating Cash Flow Less CapEx to Interest Expense	2.23	2.57	3.73	4.30	5.00	3.63	4.39	3.25	3.20	4.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.70	0.72	0.76	0.70	0.43	0.48	0.54	0.63	0.69
Accounts Receivable Turnover	16.17	16.14	16.24	15.33	14.73	9.31	9.06	9.44	9.69	9.51
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.52	3.27	3.15	3.25	3.34	2.40	2.86	3.46	4.20	4.66
Accounts Payable Turnover	9.52	9.82	10.15	9.96	9.58	6.70	6.84	7.20	7.70	7.33
Days Sales Outstanding (DSO)	22.57	22.61	22.47	23.81	24.78	39.20	40.30	38.67	37.65	38.39
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.33	37.18	35.98	36.64	38.09	54.52	53.37	50.66	47.37	49.78
Cash Conversion Cycle (CCC)	-15.77	-14.57	-13.51	-12.83	-13.31	-15.31	-13.07	-11.99	-9.72	-11.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,655	1,814	1,910	1,930	1,982	1,930	1,911	2,106	2,104	2,115
Invested Capital Turnover	0.90	0.91	0.94	0.99	1.05	0.77	0.91	1.01	1.15	1.27
Increase / (Decrease) in Invested Capital	71	159	96	20	52	-52	-20	195	-1.94	11
Enterprise Value (EV)	4,938	5,293	6,735	7,622	9,755	11,124	8,331	4,669	6,348	7,286
Market Capitalization	4,011	4,166	5,574	6,472	8,744	10,477	7,599	3,644	5,457	6,450
Book Value per Share	$12.12	$11.56	$12.63	$13.42	$16.69	$21.20	$19.53	$18.71	$20.94	$21.97
Tangible Book Value per Share	($13.48)	($16.04)	($15.28)	($15.35)	($12.83)	($6.98)	($9.17)	($15.46)	($13.65)	($11.72)
Total Capital	1,667	1,829	1,933	1,945	2,010	2,315	2,172	2,142	2,175	2,225
Total Debt	939	1,141	1,184	1,166	1,039	1,031	992	1,062	963	947
Total Long-Term Debt	906	1,054	1,046	1,037	1,028	1,020	976	962	944	918
Net Debt	928	1,126	1,161	1,150	1,011	647	731	1,025	891	837
Capital Expenditures (CapEx)	78	74	84	91	105	73	58	60	91	95
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-131	-161	-154	-176	-272	-280	-327	-375	-406	-365
Debt-free Net Working Capital (DFNWC)	-119	-146	-130	-161	-244	104	-66	-339	-334	-255
Net Working Capital (NWC)	-153	-233	-268	-290	-254	93	-82	-439	-353	-283
Net Nonoperating Expense (NNE)	28	36	43	39	37	65	30	33	32	35
Net Nonoperating Obligations (NNO)	928	1,126	1,161	1,150	1,011	647	731	1,025	891	837
Total Depreciation and Amortization (D&A)	82	89	97	103	110	115	111	106	111	98
Debt-free, Cash-free Net Working Capital to Revenue	-8.96%	-10.26%	-8.82%	-9.27%	-13.17%	-18.50%	-18.62%	-18.55%	-16.77%	-13.60%
Debt-free Net Working Capital to Revenue	-8.16%	-9.33%	-7.49%	-8.46%	-11.82%	6.87%	-3.75%	-16.76%	-13.81%	-9.49%
Net Working Capital to Revenue	-10.47%	-14.85%	-15.41%	-15.23%	-12.34%	6.16%	-4.67%	-21.71%	-14.58%	-10.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.53	$1.59	$2.65	$5.44	$3.10	$0.45	$1.16	$1.38	$1.28	$2.42
Adjusted Weighted Average Basic Shares Outstanding	60.84M	59.23M	58.87M	115.63M	57.84M	59.53M	60.31M	58.34M	57.72M	57.93M
Adjusted Diluted Earnings per Share	$1.50	$1.55	$2.59	$2.66	$3.05	$0.45	$1.15	$1.37	$1.28	$2.40
Adjusted Weighted Average Diluted Shares Outstanding	62.36M	60.59M	60.25M	118.00M	58.95M	60.31M	60.87M	58.49M	57.93M	58.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.76M	59.51M	58.57M	57.95M	58.20M	60.78M	59.28M	57.81M	57.96M	57.35M
Normalized Net Operating Profit after Tax (NOPAT)	122	131	200	197	217	37	101	113	106	175
Normalized NOPAT Margin	8.34%	8.31%	11.48%	10.36%	10.52%	2.46%	5.73%	5.61%	4.39%	6.51%
Pre Tax Income Margin	9.61%	9.12%	9.27%	10.07%	10.80%	1.03%	5.15%	5.55%	4.95%	7.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.38	3.65	4.66	5.03	5.93	1.42	3.34	3.84	3.32	5.06
NOPAT to Interest Expense	2.94	2.42	4.54	4.15	4.81	2.44	2.60	2.87	2.06	3.58
EBIT Less CapEx to Interest Expense	2.51	2.28	2.76	3.12	3.61	-0.52	1.85	2.32	1.56	3.10
NOPAT Less CapEx to Interest Expense	1.06	1.04	2.63	2.24	2.48	0.51	1.11	1.35	0.30	1.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	136.39%	119.03%	103.33%	80.19%	17.49%	120.99%	303.48%	226.40%	0.00%	60.34%

This table displays calculated financial ratios and metrics derived from Bright Horizons Family Solutions' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.35%	14.45%	20.24%	23.02%	19.54%	16.26%	12.48%	11.08%	11.35%	9.50%
EBITDA Growth	-9.68%	10.53%	2.14%	11.14%	40.67%	-17.04%	16.59%	26.96%	19.90%	25.55%
EBIT Growth	-15.09%	12.01%	-1.67%	8.66%	71.13%	-28.60%	30.32%	51.67%	33.78%	70.78%
NOPAT Growth	-22.17%	4.10%	-43.99%	-19.86%	87.74%	-58.18%	83.98%	68.48%	28.97%	242.48%
Net Income Growth	-31.96%	1.97%	-58.13%	-17.44%	119.09%	-69.38%	109.07%	90.22%	37.33%	427.21%
EPS Growth	-29.55%	10.71%	-57.58%	-16.67%	122.58%	-67.74%	107.14%	91.43%	36.23%	400.00%
Operating Cash Flow Growth	-89.48%	36.87%	14.95%	67.72%	-466.19%	65.53%	72.78%	-2.91%	53.14%	26.77%
Free Cash Flow Firm Growth	-374.23%	-472.15%	-977.50%	-339.50%	89.92%	107.77%	86.42%	101.57%	-259.11%	106.63%
Invested Capital Growth	9.88%	10.21%	9.10%	12.02%	3.16%	-0.09%	2.28%	2.16%	5.69%	0.53%
Revenue Q/Q Growth	10.17%	-1.98%	4.55%	8.96%	7.06%	-4.67%	1.15%	7.60%	7.32%	-6.25%
EBITDA Q/Q Growth	-0.96%	2.09%	-14.44%	28.46%	25.35%	-39.79%	20.25%	39.89%	18.38%	-36.96%
EBIT Q/Q Growth	-6.82%	1.28%	-22.52%	48.58%	46.76%	-57.74%	41.42%	72.92%	29.45%	-46.05%
NOPAT Q/Q Growth	-25.80%	2.32%	-47.33%	100.40%	73.83%	-77.21%	131.71%	83.52%	33.06%	-39.47%
Net Income Q/Q Growth	-26.85%	-1.13%	-54.96%	153.43%	94.13%	-86.18%	207.55%	130.58%	40.16%	-46.96%
EPS Q/Q Growth	-26.19%	0.00%	-54.84%	150.00%	97.14%	-85.51%	190.00%	131.03%	40.30%	-46.81%
Operating Cash Flow Q/Q Growth	-92.25%	1,003.94%	17.08%	67.47%	-116.92%	599.02%	22.20%	-5.89%	-108.17%	1,449.99%
Free Cash Flow Firm Q/Q Growth	-297.75%	-6.13%	5.51%	-20.77%	91.68%	181.83%	-265.12%	113.97%	-2,001.97%	147.08%
Invested Capital Q/Q Growth	12.10%	2.45%	-1.36%	-1.12%	3.23%	-0.78%	0.99%	-1.24%	6.79%	-5.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.84%	21.01%	21.97%	22.64%	24.41%	18.83%	21.70%	24.24%	25.24%	20.85%
EBITDA Margin	12.28%	12.79%	10.47%	12.34%	14.45%	9.13%	10.85%	14.11%	15.56%	10.46%
Operating Margin	7.23%	7.47%	5.54%	7.55%	10.35%	4.59%	6.41%	10.31%	12.43%	7.15%
EBIT Margin	7.23%	7.47%	5.54%	7.55%	10.35%	4.59%	6.41%	10.31%	12.43%	7.15%
Profit (Net Income) Margin	3.38%	3.41%	1.47%	3.41%	6.19%	0.90%	2.73%	5.85%	7.64%	4.32%
Tax Burden Percent	66.74%	67.42%	45.83%	61.82%	73.22%	39.49%	64.71%	68.67%	70.59%	79.20%
Interest Burden Percent	70.02%	67.66%	57.85%	73.16%	81.71%	49.53%	65.74%	82.60%	87.01%	76.25%
Effective Tax Rate	33.26%	32.58%	54.17%	38.18%	26.78%	60.51%	35.29%	31.33%	29.41%	20.80%
Return on Invested Capital (ROIC)	4.80%	5.07%	2.69%	5.35%	8.46%	2.08%	4.91%	8.71%	10.57%	7.21%
ROIC Less NNEP Spread (ROIC-NNEP)	3.87%	4.08%	2.00%	4.41%	7.58%	1.49%	3.97%	7.75%	9.66%	6.16%
Return on Net Nonoperating Assets (RNNOA)	2.87%	3.18%	1.50%	3.15%	7.08%	1.25%	3.18%	5.47%	6.77%	4.28%
Return on Equity (ROE)	7.67%	8.24%	4.19%	8.49%	15.54%	3.33%	8.09%	14.18%	17.34%	11.49%
Cash Return on Invested Capital (CROIC)	-3.70%	-4.08%	-3.53%	-6.41%	2.62%	5.14%	3.31%	4.44%	1.39%	7.76%
Operating Return on Assets (OROA)	3.80%	4.06%	3.16%	4.57%	6.42%	2.88%	4.20%	6.87%	8.47%	4.96%
Return on Assets (ROA)	1.78%	1.85%	0.84%	2.07%	3.84%	0.56%	1.79%	3.90%	5.20%	3.00%
Return on Common Equity (ROCE)	7.67%	8.24%	4.19%	8.49%	15.54%	3.33%	8.09%	14.18%	17.34%	11.49%
Return on Equity Simple (ROE_SIMPLE)	8.08%	0.00%	6.29%	5.65%	7.44%	0.00%	6.76%	7.92%	8.33%	0.00%
Net Operating Profit after Tax (NOPAT)	26	27	14	28	49	11	26	47	63	38
NOPAT Margin	4.82%	5.04%	2.54%	4.67%	7.58%	1.81%	4.15%	7.08%	8.78%	5.67%
Net Nonoperating Expense Percent (NNEP)	0.93%	0.98%	0.69%	0.93%	0.89%	0.59%	0.95%	0.96%	0.91%	1.05%
Return On Investment Capital (ROIC_SIMPLE)	-	1.24%	-	-	-	0.51%	-	-	-	1.72%
Cost of Revenue to Revenue	76.16%	78.99%	78.03%	77.36%	75.59%	81.17%	78.30%	75.76%	74.76%	79.15%
SG&A Expenses to Revenue	14.96%	11.88%	14.95%	13.58%	12.89%	12.86%	14.06%	13.06%	12.45%	13.37%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.62%	13.54%	16.43%	15.09%	14.06%	14.24%	15.29%	13.93%	12.81%	13.69%
Earnings before Interest and Taxes (EBIT)	39	40	31	46	67	28	40	69	89	48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	66	68	58	74	93	56	68	95	112	71
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.35	3.37	4.03	4.65	4.05	4.50	5.34	4.98	5.81	5.05
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.71	1.80	2.11	2.40	2.02	2.26	2.64	2.50	3.10	2.40
Price to Earnings (P/E)	41.51	45.19	64.17	82.21	54.35	73.52	79.00	62.80	69.76	46.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.41%	2.21%	1.56%	1.22%	1.84%	1.36%	1.27%	1.59%	1.43%	2.17%
Enterprise Value to Invested Capital (EV/IC)	2.14	2.22	2.61	3.04	2.67	3.02	3.51	3.43	4.01	3.45
Enterprise Value to Revenue (EV/Rev)	2.25	2.31	2.57	2.81	2.43	2.63	3.00	2.82	3.42	2.71
Enterprise Value to EBITDA (EV/EBITDA)	17.08	18.11	20.47	23.45	19.32	22.52	25.59	23.11	27.18	21.15
Enterprise Value to EBIT (EV/EBIT)	28.66	30.79	34.54	40.37	31.06	37.07	41.32	35.28	39.60	29.54
Enterprise Value to NOPAT (EV/NOPAT)	39.19	41.22	52.68	65.30	47.41	59.75	63.73	52.72	59.47	41.70
Enterprise Value to Operating Cash Flow (EV/OCF)	25.40	24.78	27.50	25.74	25.95	24.78	24.45	23.85	28.77	21.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	103.71	58.68	107.20	78.11	295.45	44.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.10	0.98	0.92	0.84	0.85	0.79	0.78	0.74	0.68	0.74
Long-Term Debt to Equity	0.97	0.89	0.87	0.83	0.82	0.78	0.76	0.73	0.66	0.72
Financial Leverage	0.74	0.78	0.75	0.71	0.93	0.84	0.80	0.71	0.70	0.69
Leverage Ratio	3.30	3.29	3.25	3.24	3.48	3.36	3.26	3.15	3.01	3.11
Compound Leverage Factor	2.31	2.23	1.88	2.37	2.85	1.66	2.14	2.60	2.62	2.37
Debt to Total Capital	52.41%	49.56%	48.00%	45.76%	46.08%	44.26%	43.83%	42.68%	40.48%	42.55%
Short-Term Debt to Total Capital	6.18%	4.67%	2.85%	0.75%	2.10%	0.85%	0.96%	1.05%	1.11%	1.28%
Long-Term Debt to Total Capital	46.23%	44.89%	45.14%	45.01%	43.98%	43.41%	42.87%	41.63%	39.38%	41.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	47.59%	50.44%	52.00%	54.24%	53.92%	55.74%	56.17%	57.32%	59.52%	57.45%
Debt to EBITDA	4.25	4.12	3.84	3.64	3.39	3.42	3.29	3.07	2.88	2.75
Net Debt to EBITDA	4.13	3.98	3.68	3.39	3.25	3.16	3.07	2.62	2.55	2.43
Long-Term Debt to EBITDA	3.75	3.73	3.62	3.58	3.24	3.35	3.22	2.99	2.80	2.67
Debt to NOPAT	9.76	9.37	9.89	10.14	8.33	9.06	8.19	6.99	6.31	5.42
Net Debt to NOPAT	9.47	9.05	9.46	9.45	7.98	8.39	7.65	5.97	5.58	4.79
Long-Term Debt to NOPAT	8.61	8.49	9.30	9.97	7.95	8.89	8.01	6.82	6.13	5.26
Altman Z-Score	1.37	1.44	1.64	1.90	1.85	1.98	2.36	2.37	2.87	2.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.44	0.44	0.47	0.44	0.50	0.56	0.51	0.56	0.61	0.64
Quick Ratio	0.33	0.32	0.35	0.33	0.36	0.44	0.41	0.46	0.51	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-159	-168	-159	-192	-16	13	-22	3.02	-57	27
Operating Cash Flow to CapEx	28.11%	258.55%	348.18%	542.44%	-94.83%	309.04%	600.39%	483.33%	-38.46%	376.36%
Free Cash Flow to Firm to Interest Expense	-13.56	-13.17	-12.32	-15.73	-1.31	0.92	-1.58	0.25	-4.95	2.36
Operating Cash Flow to Interest Expense	0.44	4.49	5.21	9.23	-1.56	6.68	8.50	9.11	-0.77	10.53
Operating Cash Flow Less CapEx to Interest Expense	-1.14	2.76	3.71	7.52	-3.21	4.52	7.09	7.23	-2.77	7.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.54	0.57	0.61	0.62	0.63	0.65	0.67	0.68	0.69
Accounts Receivable Turnover	11.01	9.44	10.10	12.64	11.17	9.69	11.04	13.95	11.55	9.51
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.34	3.46	3.65	3.91	4.11	4.20	4.33	4.40	4.49	4.66
Accounts Payable Turnover	6.85	7.20	7.81	7.73	7.62	7.70	8.66	7.60	7.81	7.33
Days Sales Outstanding (DSO)	33.14	38.67	36.13	28.88	32.69	37.65	33.06	26.17	31.59	38.39
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	53.28	50.66	46.76	47.23	47.89	47.37	42.14	48.00	46.71	49.78
Cash Conversion Cycle (CCC)	-20.14	-11.99	-10.62	-18.35	-15.20	-9.72	-9.09	-21.83	-15.12	-11.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,055	2,106	2,077	2,054	2,120	2,104	2,125	2,098	2,241	2,115
Invested Capital Turnover	1.00	1.01	1.06	1.15	1.12	1.15	1.18	1.23	1.20	1.27
Increase / (Decrease) in Invested Capital	185	195	173	220	65	-1.94	47	44	121	11
Enterprise Value (EV)	4,394	4,669	5,425	6,249	5,670	6,348	7,459	7,200	8,975	7,286
Market Capitalization	3,333	3,644	4,451	5,345	4,715	5,457	6,564	6,385	8,134	6,450
Book Value per Share	$17.19	$18.71	$19.09	$19.89	$20.14	$20.94	$21.24	$22.12	$24.11	$21.97
Tangible Book Value per Share	($16.18)	($15.46)	($14.97)	($14.69)	($13.97)	($13.65)	($12.97)	($12.22)	($10.88)	($11.72)
Total Capital	2,088	2,142	2,122	2,120	2,161	2,175	2,188	2,239	2,351	2,225
Total Debt	1,094	1,062	1,018	970	996	963	959	955	952	947
Total Long-Term Debt	965	962	958	954	950	944	938	932	926	918
Net Debt	1,062	1,025	974	904	955	891	895	815	842	837
Capital Expenditures (CapEx)	19	22	19	21	20	31	19	23	23	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-291	-375	-401	-472	-370	-406	-381	-433	-347	-365
Debt-free Net Working Capital (DFNWC)	-258	-339	-357	-406	-329	-334	-317	-293	-237	-255
Net Working Capital (NWC)	-387	-439	-417	-422	-374	-353	-338	-316	-263	-283
Net Nonoperating Expense (NNE)	7.81	8.62	5.92	7.55	8.95	5.63	8.85	8.25	8.20	9.07
Net Nonoperating Obligations (NNO)	1,062	1,025	974	904	955	891	895	815	842	837
Total Depreciation and Amortization (D&A)	27	28	27	29	27	28	28	25	23	22
Debt-free, Cash-free Net Working Capital to Revenue	-14.88%	-18.55%	-18.98%	-21.19%	-15.85%	-16.77%	-15.31%	-16.96%	-13.20%	-13.60%
Debt-free Net Working Capital to Revenue	-13.22%	-16.76%	-16.87%	-18.23%	-14.10%	-13.81%	-12.75%	-11.47%	-9.02%	-9.49%
Net Working Capital to Revenue	-19.82%	-21.71%	-19.73%	-18.94%	-16.04%	-14.58%	-13.60%	-12.39%	-10.00%	-10.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.32	$0.31	$0.14	$0.36	$0.69	$0.09	$0.29	$0.68	$0.95	$0.50
Adjusted Weighted Average Basic Shares Outstanding	57.66M	58.34M	57.60M	57.71M	57.77M	57.72M	57.88M	57.97M	58.06M	57.93M
Adjusted Diluted Earnings per Share	$0.31	$0.31	$0.14	$0.35	$0.69	$0.10	$0.29	$0.67	$0.94	$0.50
Adjusted Weighted Average Diluted Shares Outstanding	57.74M	58.49M	57.71M	57.91M	58.05M	57.93M	58.31M	58.44M	58.70M	58.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	57.75M	57.81M	57.81M	57.88M	57.90M	57.96M	58.00M	58.04M	58.18M	57.35M
Normalized Net Operating Profit after Tax (NOPAT)	26	27	21	28	49	20	26	47	63	38
Normalized NOPAT Margin	4.82%	5.04%	3.87%	4.67%	7.58%	3.21%	4.15%	7.08%	8.78%	5.67%
Pre Tax Income Margin	5.06%	5.05%	3.20%	5.52%	8.46%	2.27%	4.22%	8.51%	10.82%	5.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.34	3.09	2.37	3.73	5.47	1.98	2.92	5.75	7.70	4.21
NOPAT to Interest Expense	2.23	2.08	1.09	2.30	4.00	0.78	1.89	3.95	5.43	3.33
EBIT Less CapEx to Interest Expense	1.75	1.35	0.88	2.03	3.82	-0.18	1.50	3.86	5.70	1.41
NOPAT Less CapEx to Interest Expense	0.64	0.35	-0.41	0.60	2.36	-1.38	0.47	2.06	3.43	0.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	366.43%	226.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	60.34%

Frequently Asked Questions About Bright Horizons Family Solutions' Financials

When does Bright Horizons Family Solutions's financial year end?

According to the most recent income statement we have on file, Bright Horizons Family Solutions' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Bright Horizons Family Solutions' net income changed over the last 9 years?

Bright Horizons Family Solutions' net income appears to be on a downward trend, with a most recent value of $140.19 million in 2024, rising from $93.93 million in 2015. The previous period was $74.22 million in 2023.

What is Bright Horizons Family Solutions's operating income?

Bright Horizons Family Solutions's total operating income in 2024 was $246.62 million, based on the following breakdown:

Total Gross Profit: $619.61 million
Total Operating Expenses: $372.99 million

How has Bright Horizons Family Solutions revenue changed over the last 9 years?

Over the last 9 years, Bright Horizons Family Solutions' total revenue changed from $1.46 billion in 2015 to $2.69 billion in 2024, a change of 84.2%.

How much debt does Bright Horizons Family Solutions have?

Bright Horizons Family Solutions' total liabilities were at $2.57 billion at the end of 2024, a 4.2% decrease from 2023, and a 80.7% increase since 2015.

How much cash does Bright Horizons Family Solutions have?

In the past 9 years, Bright Horizons Family Solutions' cash and equivalents has ranged from $11.54 million in 2015 to $384.34 million in 2020, and is currently $110.33 million as of their latest financial filing in 2024.

How has Bright Horizons Family Solutions' book value per share changed over the last 9 years?

Over the last 9 years, Bright Horizons Family Solutions' book value per share changed from 12.12 in 2015 to 21.97 in 2024, a change of 81.3%.

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This page (NYSE:BFAM) was last updated on 4/16/2025 by MarketBeat.com Staff

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Bright Horizons Family Solutions (BFAM) Financials

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Bright Horizons Family Solutions (BFAM) Financials

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