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Income Statement
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BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Revenue  2,226.62,113.72,020.51,953.61,873.71,824.91,755.31,669.7
            Revenue growth  18.8%15.8%15.1%17.0%21.1%30.4%15.9%0.7%
Cost of services  1,728.31,623.51,541.81,478.81,407.51,381.21,340.31,286.8
    Gross profit  498.2490.2478.7474.8466.3443.7415.0382.9
            Gross margin  22.4%23.2%23.7%24.3%24.9%24.3%23.6%22.9%
Selling, general and administrative expenses  308.4300.2289.2291.3277.7268.5256.8251.3
Amortization of intangible assets  35.133.031.930.128.328.829.230.0
    Income from operations  154.8157.1157.6153.3160.3146.5129.0101.6
            Operating margin  7.0%7.4%7.8%7.8%8.6%8.0%7.4%6.1%
Loss on foreign currency forward contracts      -5.9   
Interest expense — net  -49.6-45.4-39.5-35.0-32.5-34.1-36.1-36.9
Income tax expense  -40.1-36.4-31.5-29.5-30.4-27.0-19.9-9.3
    Net income  65.069.480.680.388.982.770.555.3
   
Earnings per common share:          
Common stock — basic (in dollars per share)  $1.14$1.20$1.39$1.36$1.48$1.37$1.16$0.91
Common stock — diluted (in dollars per share)  $1.11$1.18$1.37$1.35$1.48$1.37$1.16$0.91
   
Weighted average common shares outstanding:          
Common stock — basic (in shares)  57.858.258.659.059.760.060.460.2
Common stock — diluted (in shares)  58.058.358.759.360.160.561.060.9
   
Cost, Product and Service [Extensible Enumeration]          

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