BRIGHT HORIZONS FAMILY SOLUTIONS INC

For the period ended Dec 31, 2023. Filed Feb 27, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 27, 2024

BFAM$51.97-2.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

	December 31,
	2023	2022
(In thousands, except share data)
ASSETS
Current assets:
Cash and cash equivalents	$71,568	$36,224
Accounts receivable — net of allowance for credit losses of $2,317 and $2,947 at December 31, 2023 and 2022, respectively	281,710	217,170
Prepaid expenses and other current assets	93,621	94,316
Total current assets	446,899	347,710
Fixed assets — net	579,296	571,471
Goodwill	1,786,405	1,727,852
Other intangible assets — net	216,576	245,574
Operating lease right-of-use assets	774,703	801,626
Other assets	92,265	104,636
Total assets	$3,896,144	$3,798,869
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$18,500	$16,000
Borrowings under revolving credit facility	—	84,000
Accounts payable and accrued expenses	259,077	230,634
Current portion of operating lease liabilities	100,387	94,092
Deferred revenue	272,891	222,994
Other current liabilities	148,578	138,574
Total current liabilities	799,433	786,294
Long-term debt — net	944,264	961,581
Operating lease liabilities	796,701	810,403
Other long-term liabilities	101,259	100,466
Deferred revenue	8,656	8,933
Deferred income taxes	33,155	50,739
Total liabilities	2,683,468	2,718,416
Commitments and contingencies (Note 20)
Stockholders’ equity:
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at December 31, 2023 and 2022	—	—
Common stock, $0.001 par value; 475,000,000 shares authorized; 57,817,593 and 57,531,130 shares issued and outstanding at December 31, 2023 and 2022, respectively	58	58
Additional paid-in capital	645,894	599,422
Accumulated other comprehensive loss	(59,101)	(70,629)
Retained earnings	625,825	551,602
Total stockholders’ equity	1,212,676	1,080,453
Total liabilities and stockholders’ equity	$3,896,144	$3,798,869

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.