BRIGHT HORIZONS FAMILY SOLUTIONS INC.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $1.74B | $1.57B | $1.46B | $1.35B | $1.22B | $1.07B | $973.7M |
| Cost of Revenue | $1.43B | $1.31B | $1.18B | $1.10B | $1.04B | $937.8M | $825.2M | $766.5M |
| Gross Profit | $473.3M | $430.6M | $390.8M | $357.8M | $313.6M | $280.9M | $245.8M | $207.2M |
| Gross Margin | 24.9% | 24.7% | 24.9% | 24.5% | 23.2% | 23.1% | 22.9% | 21.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $201.6M | $188.9M | $164.0M | $148.2M | $137.7M | $141.8M | $123.4M | $92.9M |
| Operating Income | $239.1M | $205.4M | $197.2M | $181.6M | $146.9M | $109.0M | $95.5M | $86.8M |
| Operating Margin | 12.6% | 11.8% | 12.6% | 12.5% | 10.9% | 8.9% | 8.9% | 8.9% |
| Interest Expense | $47.5M | $44.0M | $42.9M | $41.4M | $34.7M | $40.6M | $83.9M | $82.9M |
| Pretax Income | $191.6M | $161.4M | $143.2M | $140.2M | $112.3M | $4.8M | $11.8M | $5.6M |
| Income Tax Expense | $33.6M | $4.4M | $48.4M | $46.2M | $40.3M | $-7.5M | $3.2M | $825.0K |
| Net Income | $158.0M | $157.0M | $94.8M | $93.9M | $72.0M | $12.6M | $8.2M | $4.8M |
| Net Margin | 8.3% | 9.0% | 6.0% | 6.4% | 5.3% | 1.0% | 0.8% | 0.5% |
| EPS (Basic) | $2.72 | $2.65 | $1.59 | $1.53 | $1.09 | $0.20 | $-1.15 | — |
| EPS (Diluted) | $2.66 | $2.59 | $1.55 | $1.50 | $1.07 | $0.20 | $-1.15 | — |
| Shares Outstanding (Basic) | 57.8M | 58.9M | 59.2M | 60.8M | 65.6M | 62.7M | 66.6M | — |
| Shares Outstanding (Diluted) | 59.0M | 60.3M | 60.6M | 62.4M | 67.2M | 64.5M | 66.6M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |