BRIGHT HORIZONS FAMILY SOLUTIONS INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
View on SEC.govAbout 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$51.74-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Years ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands, except share data) | |||
| Revenue | $2,418,257 | $2,020,487 | $1,755,307 |
| Cost of services | 1,886,533 | 1,541,834 | 1,340,296 |
| Gross profit | 531,724 | 478,653 | 415,011 |
| Selling, general and administrative expenses | 327,068 | 289,156 | 256,821 |
| Amortization of intangible assets | 33,415 | 31,912 | 29,172 |
| Income from operations | 171,241 | 157,585 | 129,018 |
| Loss on foreign currency forward contracts | — | (5,917) | — |
| Loss on extinguishment of debt | — | — | (2,571) |
| Interest expense — net | (51,609) | (39,486) | (36,099) |
| Income before income tax | 119,632 | 112,182 | 90,348 |
| Income tax expense | (45,409) | (31,541) | (19,889) |
| Net income | $74,223 | $80,641 | $70,459 |
| Earnings per common share: | |||
| Common stock — basic | $1.28 | $1.38 | $1.16 |
| Common stock — diluted | $1.28 | $1.37 | $1.15 |
| Weighted average common shares outstanding: | |||
| Common stock — basic | 57,717,102 | 58,344,817 | 60,312,690 |
| Common stock — diluted | 57,932,574 | 58,490,652 | 60,871,399 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.