Company name:
Bright Horizons Family Solutions Inc
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IPO SHARE PRICE:$22.00
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IPO DATE:January 25, 2013
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TICKER:BFAM
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:2 Wells Avenue Newton Massachusetts 02459
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Bright Horizons Family Solutions Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Statement of Cash Flow
(USD in thousand)
Selected Year:
31-Dec
2020
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
41.9% -
Depreciation and amortization
10.1% -
Net income (loss)
9.8% -
Asset impairments
8.6% -
Accounts payable and accrued liabilities
8.5% -
Other liabilities
7.9% -
Stock-based compensation
7.7% -
Leases
1.4% -
Deferred revenue
1.2% -
Other assets
1.1% -
(Gain) loss on foreign currency
1.0% -
Amortization of original issue discount and deferred financing costs
0.8% -
(Gain) loss on revaluation of equity investment
SOURCEs
7.7%
41.9%
8.5%
8.6%
7.9%
10.1%
9.8%
100 %
0%
USES
78.7%
4.6%
10.3%
4.0%
10.3% -
Accounts receivable
4.6% -
Deferred income taxes
4.0% -
Prepaid expenses and other assets
1.6% -
Income taxes
0.8% -
(Gain) loss on sale of fixed assets
0.1% -
Other non-cash adjustments
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $157,981 | $180,386 | $26,992 | $26,992 | $10,220 | ||||||||
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Depreciation and amortization
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100,943 | 108,269 | 111,662 | 111,662 | 113,956 | ||||||||
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Amortization of debt original issue discount and issuance cost
Amortization of debt original issue discount and issuance cost
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- | - | - | - | - | ||||||||
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Amortization of original issue discount and deferred financing costs
Amortization of original issue discount and deferred financing costs
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1,901 | 1,929 | 2,785 | 2,785 | 11,140 | ||||||||
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Stock-based compensation
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13,811 | 17,283 | 20,996 | 20,996 | 23,432 | ||||||||
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Paid-in-kind (PIK) interest
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- | - | - | - | - | ||||||||
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Deferred income taxes
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(5,469) | (11,344) | (12,277) | (12,277) | (82,740) | ||||||||
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Asset impairments
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- | 261 | 26,227 | 26,227 | 30,472 | ||||||||
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(Gain) loss on sale of fixed assets
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488 | (2,261) | (2,110) | (2,110) | (8,440) | ||||||||
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(Gain) loss on revaluation of equity investment
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- | - | 2,128 | 2,128 | - | ||||||||
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(Gain) loss on repayment of debt
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- | - | - | - | - | ||||||||
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(Gain) loss on foreign currency
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116 | 219 | 2,875 | 2,875 | 11,500 | ||||||||
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Change in the fair value of the interest rate caps
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- | - | - | - | - | ||||||||
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Non-cash revenue and other
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- | (442) | - | - | - | ||||||||
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Other non-cash adjustments
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- | (442) | (150) | (150) | 224 | ||||||||
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Accounts receivable
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(14,498) | (15,718) | (27,470) | (27,470) | (104,340) | ||||||||
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Prepaid expenses and other assets
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2,795 | 1,818 | (10,656) | (10,656) | 71,772 | ||||||||
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Leases
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4,543 | 11,762 | 20,411 | 20,411 | (40,092) | ||||||||
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Other assets
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100 | (904) | 3,162 | 3,162 | (4,120) | ||||||||
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Accounts payable and accrued liabilities
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15,912 | 9,032 | 22,998 | 22,998 | 44,308 | ||||||||
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Accrued rent and related obligations
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- | - | - | - | - | ||||||||
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Income taxes
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(3,320) | 4,999 | (4,218) | (4,218) | 58,448 | ||||||||
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Deferred rent
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1,317 | - | - | - | - | ||||||||
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Deferred rent and related obligations
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- | - | - | - | - | ||||||||
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Deferred revenue
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12,073 | 23,038 | 3,686 | 3,686 | 74,568 | ||||||||
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Other liabilities
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6,054 | 2,287 | 22,531 | 22,531 | (51,432) | ||||||||
| Net cash provided by (used in) operating activities | $294,747 | $330,353 | $209,572 | $209,572 | $158,876 |
Selected Year:
31-Dec
2020
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
19.3% -
Maturities of debt securities and sale of other investments
10.0% -
Sale of fixed assets
SOURCEs
70.6%
10.0%
19.3%
100 %
0%
USES
71.4%
21.7%
7.0%
71.4% -
Purchases of fixed assets
21.7% -
(Purchases) sale of debt securities
7.0% -
Acquisitions
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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(Purchases) sale of debt securities
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(767) | (28,015) | (25,705) | (25,705) | (78,396) | ||||||||
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Maturities of debt securities
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- | 3,000 | - | - | - | ||||||||
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Maturities of debt securities and sale of other investments
Maturities of debt securities and sale of other investments
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- | 3,000 | 22,968 | 22,968 | 50,884 | ||||||||
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(Purchases) sale of a long-term investment
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- | - | - | - | - | ||||||||
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Purchases of fixed assets
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(92,491) | (111,845) | (84,740) | (84,740) | (120,984) | ||||||||
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Sale of fixed assets
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1,826 | 7,080 | 11,906 | 11,906 | 7,636 | ||||||||
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Acquisitions
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(67,111) | (53,425) | (8,254) | (8,254) | (612) | ||||||||
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Acquisition or sale of an equity method investment
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- | (5,865) | - | - | - | ||||||||
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Settlement of purchase price for prior year acquisitions
Settlement of purchase price for prior year acquisitions
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- | - | - | - | - | ||||||||
| Net cash provided by (used in) investing activities | ($158,543) | ($189,070) | ($83,825) | ($83,825) | ($141,472) |
Selected Year:
31-Dec
2020
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
75.3% -
Issuance of common stock
13.0% -
Borrowing under Revolving Credit Facility
11.7% -
Issuance of common stock from exercise of stock options
SOURCEs
13.0%
11.7%
75.3%
100 %
0%
USES
69.0%
3.7%
13.0%
3.2%
9.8%
13.0% -
Repayment of Revolving Credit Facility
9.8% -
Stock repurchases
3.7% -
Employee withholding taxes paid upon exercise of stock options, settlement of restricted stock units
3.2% -
Repayment of long-term borrowing
0.8% -
Debt issuance costs
0.4% -
Payments of deferred and contingent consideration for acquisitions
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Initial Public Offering (IPO) net
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- | - | - | - | - | ||||||||
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Initial Public Offering (IPO) - Class A and L common stock
Initial Public Offering (IPO) - Class A and L common stock
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- | - | - | - | - | ||||||||
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Issuance of common stock
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- | - | 249,790 | 249,790 | (72) | ||||||||
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Issuance of common stock under Employee Stock Purchase Plan (ESPP)
Issuance of common stock under Employee Stock Purchase Plan (ESPP)
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- | - | - | - | - | ||||||||
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Issuance of common stock from exercise of stock options
Issuance of common stock from exercise of stock options
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22,933 | 26,559 | 38,843 | 38,843 | 47,024 | ||||||||
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Proceeds from issuance of common stock upon exercise of stock options
Proceeds from issuance of common stock upon exercise of stock options
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- | - | - | - | - | ||||||||
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Issuance of common stock under Employee Stock Purchase Plan - Class L
Issuance of common stock under Employee Stock Purchase Plan - Class L
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- | - | - | - | - | ||||||||
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Borrowing under Revolving Credit Facility
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679,900 | 288,674 | 43,200 | 43,200 | - | ||||||||
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Repayment of Revolving Credit Facility
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(688,800) | (406,532) | (43,200) | (43,200) | - | ||||||||
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Long-term borrowing
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- | - | - | - | - | ||||||||
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Repayment of long-term borrowing
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(10,750) | (10,750) | (10,750) | (10,750) | (10,748) | ||||||||
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Debt issuance costs
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(292) | - | (2,818) | (2,818) | - | ||||||||
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Business Acquisitions
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- | - | - | - | - | ||||||||
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Acquisition of non-controlling interests
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- | - | - | - | - | ||||||||
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Payments of deferred and contingent consideration for acquisitions
Payments of deferred and contingent consideration for acquisitions
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(2,965) | (4,200) | (1,238) | (1,238) | (600) | ||||||||
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Employee withholding taxes paid upon exercise of stock options, settlement of restricted stock units
Employee withholding taxes paid upon exercise of stock options, settlement of restricted stock units
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(7,540) | (11,326) | (12,173) | (12,173) | (13,108) | ||||||||
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Tax benefit from stock-based compensation
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- | - | - | - | - | ||||||||
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Stock repurchases
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(126,679) | (31,553) | (32,658) | (32,658) | - | ||||||||
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Repurchases of common stock
|
- | - | - | - | - | ||||||||
| Net cash provided by (used in) financing activities | ($134,193) | ($149,128) | $228,996 | $228,996 | $22,496 |
Selected Year:
31-Dec
2020
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$357,273,000
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents - Beginning of period | $36,570 | $38,478 | $31,192 | - | $1,504,984 | ||||||||
| Effect of changes in foreign exchange rates on cash | (103) | 559 | 2,530 | - | 8,976 | ||||||||
| (Decrease) increase in cash and cash equivalents | 1,908 | (7,286) | 357,273 | - | 48,876 | ||||||||
| Cash and equivalents - End of period | $38,478 | $31,192 | $388,465 | - | $1,553,860 |