cash flow reconciliationreview2017-12-31
Operating, investing and financing flows differ from the reported change in cash by 11921000, beyond tolerance 2481930.00.
Revenue
$2.93B
Fiscal year ended 2025-12-31Operating income
$314.66M
Fiscal year ended 2025-12-31Free cash flow
$258.55M
Fiscal year ended 2025-12-31BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) reported revenue of $2.93B and net income of $193.12M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from BRIGHT HORIZONS FAMILY SOLUTIONS INC.’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.93B | $2.69B | $2.42B | $2.02B | $1.76B | $1.52B | $2.06B | $1.90B | $1.74B | $1.57B |
| Cost of revenue | $2.24B | $2.07B | $1.89B | $1.54B | $1.34B | $1.21B | $1.54B | $1.43B | $1.31B | $1.18B |
| Gross profit | $697.19M | $619.61M | $531.72M | $478.65M | $415.01M | $304.55M | $522.94M | $473.26M | $430.61M | $390.85M |
| Operating income | $314.66M | $246.62M | $171.24M | $157.58M | $129.02M | $53.33M | $267.82M | $239.10M | $205.44M | $197.24M |
| Net income | $193.12M | $140.19M | $74.22M | $80.64M | $70.46M | $26.99M | $180.39M | $157.98M | $156.96M | $94.76M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 57.42M | shares 58.47M | shares 57.93M | shares 58.49M | shares 60.87M | shares 60.31M | shares 58.95M | shares 59.00M | shares 60.25M | shares 60.59M |
| Pretax income | $269.91M | $197.86M | $119.63M | $112.18M | $90.35M | $15.65M | $222.66M | $191.59M | $161.40M | $143.20M |
| Income tax expense | $76.79M | $57.67M | $45.41M | $31.54M | $19.89M | -$11.34M | $42.28M | $33.61M | $4.44M | $48.44M |
| Diluted EPS | $3.36 | $2.40 | $1.28 | $1.37 | $1.15 | $0.45 | $3.05 | $2.66 | $2.59 | $1.55 |
| Selling, general & administrative | $376.38M | $354.64M | $327.07M | $289.16M | $256.82M | $219.56M | $221.50M | $201.59M | $188.94M | $163.97M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $140.09M | $110.33M | $71.57M | $36.22M | $260.98M | $384.34M | $27.87M | $15.45M | $23.23M | $14.63M |
| Total assets | $3.89B | $3.85B | $3.90B | $3.80B | $3.64B | $3.73B | $3.33B | $2.52B | $2.47B | $2.36B |
| Current assets | $503.97M | $496.03M | $446.90M | $347.71M | $540.27M | $624.18M | $228.89M | $193.89M | $192.46M | $154.40M |
| Total liabilities | $2.55B | $2.57B | $2.68B | $2.72B | $2.46B | $2.44B | $2.36B | $1.74B | $1.72B | $1.67B |
| Current liabilities | $966.16M | $779.40M | $799.43M | $786.29M | $622.18M | $530.81M | $483.29M | $483.78M | $460.66M | $387.58M |
| Total equity incl. NCI | $1.34B | $1.28B | $1.21B | $1.08B | $1.18B | $1.28B | $971.27M | $779.48M | $749.06M | $687.87M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $293.98M | $283.34M | $281.71M | $217.17M | $210.97M | $176.62M | $148.86M | $131.18M | $117.14M | $97.21M |
| Goodwill | $1.82B | $1.76B | $1.79B | $1.73B | $1.48B | $1.43B | $1.41B | $1.35B | $1.31B | $1.27B |
| Long-term debt | $747.61M | $918.45M | $944.26M | $961.58M | $976.40M | $1.02B | $1.03B | $1.04B | $1.05B | $1.05B |
| Accounts payable | $27.91M | $32.84M | $24.80M | $24.65M | $8.50M | $29.96M | $31.60M | $35.94M | $31.72M | $26.17M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $350.73M | $337.46M | $256.14M | $188.47M | $227.25M | $209.57M | $330.35M | $294.75M | $248.19M | $213.22M |
| Capital expenditures | $92.18M | $97.31M | $91.02M | $70.56M | $63.49M | $84.74M | $111.84M | $92.49M | $88.12M | $75.33M |
| Investing cash flow | -$103.79M | -$117.76M | -$126.94M | -$278.05M | -$117.39M | -$83.82M | -$189.07M | -$158.54M | -$105.32M | -$302.84M |
| Financing cash flow | -$233.43M | -$183.81M | -$91.63M | -$121.34M | -$230.03M | $229.00M | -$149.13M | -$134.19M | -$123.86M | $93.76M |
| Net change in cash | $19.44M | $34.26M | $37.56M | -$213.39M | -$123.18M | $357.27M | -$7.29M | $1.91M | $8.59M | $3.09M |
| Stock-based compensation | $30.61M | $33.62M | $28.83M | $28.11M | $23.06M | $21.00M | $17.28M | $13.81M | $12.07M | $11.65M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $225.41M | $84.60M | $0 | $182.57M | $213.83M | $32.66M | $31.55M | $126.68M | $162.20M | $112.79M |
| Depreciation & amortization | $93.40M | $97.92M | $110.68M | $106.14M | $108.83M | $111.66M | $108.27M | $100.94M | $94.78M | $85.28M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $258.55M | $240.15M | $165.12M | $117.92M | $163.76M | $124.83M | $218.51M | $202.26M | $160.07M | $137.88M |
| Gross margin | 23.8% | 23.1% | 22.0% | 23.7% | 23.6% | 20.1% | 25.4% | 24.9% | 24.7% | 24.9% |
| Operating margin | 10.7% | 9.2% | 7.1% | 7.8% | 7.4% | 3.5% | 13.0% | 12.6% | 11.8% | 12.6% |
| FCF margin | 8.8% | 8.9% | 6.8% | 5.8% | 9.3% | 8.2% | 10.6% | 10.6% | 9.2% | 8.8% |
| SBC / revenue | 1.0% | 1.3% | 1.2% | 1.4% | 1.3% | 1.4% | 0.8% | 0.7% | 0.7% | 0.7% |
| Current ratio | 0.52x | 0.64x | 0.56x | 0.44x | 0.87x | 1.18x | 0.47x | 0.40x | 0.42x | 0.40x |
| Revenue YoY growth | 9.2% | 11.1% | 19.7% | 15.1% | 15.9% | -26.5% | 8.3% | 9.3% | 10.9% | Unavailable |
| Net margin | 6.6% | 5.2% | 3.1% | 4.0% | 4.0% | 1.8% | 8.7% | 8.3% | 9.0% | 6.0% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 3.1% | 3.6% | 3.8% | 3.5% | 3.6% | 5.6% | 5.4% | 4.9% | 5.1% | 4.8% |
| Long-term debt / equity | 0.56x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 28.5% | 29.1% | 38.0% | 28.1% | 22.0% | -72.5% | 19.0% | 17.5% | 2.7% | 33.8% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BFAM in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-07View SEC filing
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Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.