Bright Horizons Family Solutions Inc Income Statement - Real Clear Investing

Selected Year:

31-Dec
2020

Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers

	2010 31-Dec	2011 31-Dec	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Total Revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	1,740,905	1,903,182	2,062,017	1,515,093	1,515,093	1,508,312

Selected Year:

31-Dec
2020

Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells

96.5%

	2010 31-Dec	2011 31-Dec	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Service costs	45,679	45,679	45,679	45,679	45,679	45,679	45,679	1,310,295	1,429,927	1,539,081	1,210,544	1,210,544	1,207,180
Gross profit	45,679	45,679	45,679	45,679	45,679	45,679	45,679	430,610	473,255	522,936	304,549	304,549	301,132
Selling general and administrative	45,679	45,679	45,679	45,679	45,679	45,679	45,679	188,939	201,591	221,496	219,563	219,563	238,584
Amortization	45,679	45,679	45,679	45,679	45,679	45,679	45,679	32,561	32,569	33,621	31,652	31,652	31,084
Other expenses	-	-	-	-	-	45,679	45,679	3,671	-	-	-	-	-
Total operating expenses	45,679	45,679	45,679	45,679	45,679	45,679	45,679	$1,535,466	$1,664,087	$1,794,198	$1,461,759	$1,461,759	$1,476,848

Selected Year:

31-Dec
2020

Income after excluding Operating Expenses from Total Revenue

3.5%

Key metric that shows earnings potential of the company's business model

	2010 31-Dec	2011 31-Dec	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Operating income	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$205,439	$239,095	$267,819	$53,334	$53,334	$31,464

Selected Year:

31-Dec
2020

Cost usually unrelated to delivering service or manufacturing a product that business sells

	2010 31-Dec	2011 31-Dec	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year:	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Foreign exchange gain (loss)	-	45,679	-	-	-	-	-	-	-	-	-	-	-
Loss on early repayment of debt	-	45,679	45,679	45,679	45,679	45,679	45,679	-	-	-	-	-	-
Total non-operating income (expense)	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	-	-	-	-	-

Selected Year:

31-Dec
2020

Income after excluding Operating and Non-operating Expenses from Total Revenue

3.5%

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory

	2010 31-Dec	2011 31-Dec	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
EBIT	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$205,439	$239,095	$267,819	$53,334	$53,334	$31,464

Selected Year:

31-Dec
2020

Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure

1.7%

	2010 31-Dec	2011 31-Dec	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Interest expense	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(44,039)	(47,508)	(45,154)	(37,682)	(37,682)	(36,644)
Interest income	45,679	45,679	45,679	45,679	45,679	-	-	-	-	-	-	-	-
Income before income taxes	45,679	45,679	45,679	45,679	45,679	45,679	45,679	161,400	191,587	222,665	15,652	15,652	(5,180)
Income tax expense or benefit	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(4,437)	(33,606)	(42,279)	11,340	11,340	15,400

Selected Year:

31-Dec
2020

Ultimate measure of Income - Net result after excluding all expenses from Total Revenue

1.8%

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders

	2010 31-Dec	2011 31-Dec	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$156,963	$157,981	$180,386	$26,992	$26,992	-
Common stock diluted	-	-	45,679	45,679	45,679	45,679	45,679	156,016	157,114	179,536	26,878	26,878	-
Net income (loss) attributable to non-controlling interests Net income (loss) attributable to non-controlling interests	45,679	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-
Accretion of Class L preference for vested options	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common stock	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-
Common stock basic	-	-	45,679	-	-	-	-	-	-	-	-	-	-
Common stock	-	45,679	-	-	-	-	-	-	-	-	-	-	-
Class A	45,679	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common stock - basic Net income (loss) attributable to common stock - basic	-	-	-	-	-	-	-	-	157,096	179,520	26,876	26,876	9,756

Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective

	2010 31-Dec	2011 31-Dec	2013 15-Mar	2014 10-Mar	2015 11-Feb	2016 19-Feb	2017 10-Feb	2018 16-Feb	2019 15-Feb	2020 13-Feb	2021 19-Feb	2021 19-Feb	2021 19-Feb
Common	-	-	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	58,566,024	57,948,644	58,199,813	60,782,832	60,782,832	60,782,832

Selected Year:

31-Dec
2020

Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)

	2010 31-Dec	2011 31-Dec	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net Income per basic share	-	-	-	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$2.65	$2.72	$3.10	$0.45	$0.45	$0.16
Net Income per diluted share	-	-	-	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$2.59	$2.66	$3.05	$0.45	$0.45	$0.16
Net Income per basic share - Class L	$45,678,795.00	$45,678,795.00	$45,678,795.00	-	-	-	-	-	-	-	-	-	-
Net Income per diluted share - Class L	$45,678,795.00	$45,678,795.00	$45,678,795.00	-	-	-	-	-	-	-	-	-	-
Net Income per basic share - Class A	$45,678,795.00	-	-	-	-	-	-	-	-	-	-	-	-
Net Income per diluted share - Class A	$45,678,795.00	-	-	-	-	-	-	-	-	-	-	-	-

Bright Horizons Family Solutions Inc

Short Description

Income Statement

Service costs

Selling general and administrative

Amortization

Operating Income

EBIT

Income tax expense or benefit

Interest expense

Net income (loss)