Bright Horizons Family Solutions Inc. (BFAM)

BFAM Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,686	2,418	2,020	1,755	1,515
Revenue Growth (YoY)	11.07%	19.69%	15.11%	15.86%	-26.52%
Cost of Revenue	2,036	1,896	1,629	1,391	1,287
Gross Profit	649.91	522.23	391.85	364.11	227.65
Selling, General & Admin	352.46	324.32	279.96	249.48	220.95
Other Operating Expenses	-	4	-	-	-
Operating Expenses	370.81	361.74	311.87	278.66	252.61
Operating Income	279.1	160.49	79.99	85.46	-24.96
Interest Expense	-48.76	-51.61	-39.49	-36.1	-37.68
Currency Exchange Gain (Loss)	-	-	-5.92	-	-
EBT Excluding Unusual Items	230.34	108.88	34.58	49.36	-62.64
Merger & Restructuring Charges	-	-	-9.2	-	-6.6
Asset Writedown	-30.3	-35.9	-	-	-
Other Unusual Items	-2.18	46.66	86.8	40.99	84.89
Pretax Income	197.86	119.63	112.18	90.35	15.65
Income Tax Expense	57.67	45.41	31.54	19.89	-11.34
Net Income	140.19	74.22	80.64	70.46	26.99
Preferred Dividends & Other Adjustments	-	0.17	0.34	0.31	0.12
Net Income to Common	140.19	74.05	80.3	70.15	26.88
Net Income Growth	88.88%	-7.96%	14.45%	161.04%	-85.04%
Shares Outstanding (Basic)	58	58	58	60	60
Shares Outstanding (Diluted)	58	58	58	61	60
Shares Change (YoY)	0.93%	-0.95%	-3.91%	0.93%	2.31%
EPS (Basic)	2.42	1.28	1.38	1.16	0.45
EPS (Diluted)	2.40	1.28	1.37	1.15	0.45
EPS Growth	87.50%	-6.76%	19.11%	158.61%	-85.37%
Free Cash Flow	240.15	165.12	117.92	163.76	124.83
Free Cash Flow Per Share	4.11	2.85	2.02	2.69	2.07
Gross Margin	24.20%	21.59%	19.39%	20.74%	15.02%
Operating Margin	10.39%	6.64%	3.96%	4.87%	-1.65%
Profit Margin	5.22%	3.06%	3.97%	4.00%	1.77%
Free Cash Flow Margin	8.94%	6.83%	5.84%	9.33%	8.24%
EBITDA	377.02	271.17	186.13	194.29	86.71
EBITDA Margin	14.04%	11.21%	9.21%	11.07%	5.72%
D&A For EBITDA	97.92	110.68	106.14	108.83	111.66
EBIT	279.1	160.49	79.99	85.46	-24.96
EBIT Margin	10.39%	6.64%	3.96%	4.87%	-1.65%
Effective Tax Rate	29.15%	37.96%	28.12%	22.01%	-

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q