BRIGHT HORIZONS FAMILY SOLUTIONS INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $193.1M | $140.2M | $74.2M | $80.6M | $70.5M | $27.0M | $180.4M | $158.0M |
| Depreciation & Amortization | $93.4M | $97.9M | $110.7M | $106.1M | $108.8M | $111.7M | $108.3M | $100.9M |
| Depreciation | $87.3M | $79.6M | $77.3M | $74.2M | $79.7M | $80.0M | $74.6M | $68.4M |
| Amortization | $6.1M | $18.3M | $33.4M | $31.9M | $29.2M | $31.7M | $33.6M | $32.6M |
| Stock-Based Compensation | $30.6M | $33.6M | $28.8M | $28.1M | $23.1M | $21.0M | $17.3M | $13.8M |
| Net Cash from Operating Activities | $350.7M | $337.5M | $256.1M | $188.5M | $227.3M | $209.6M | $330.4M | $294.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $92.2M | $97.3M | $91.0M | $70.6M | $63.5M | $84.7M | $111.8M | $92.5M |
| Business Acquisitions | $6.8M | $8.3M | $39.6M | $210.4M | $53.9M | $8.3M | $53.4M | $67.1M |
| Net Cash from Investing Activities | $-103.8M | $-117.8M | $-126.9M | $-278.0M | $-117.4M | $-83.8M | $-189.1M | $-158.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $225.4M | $84.6M | $0 | $182.6M | $213.8M | $32.7M | $31.6M | $126.7M |
| Net Cash from Financing Activities | $-233.4M | $-183.8M | $-91.6M | $-121.3M | $-230.0M | $229.0M | $-149.1M | $-134.2M |
| Net Change in Cash | $19.4M | $34.3M | $37.6M | $-213.4M | $-123.2M | $357.3M | $-7.3M | $1.9M |
| Free Cash Flow | $258.5M | $240.2M | $165.1M | $117.9M | $163.8M | $124.8M | $218.5M | $202.3M |