Bright Horizons Family Solutions Inc. cash flow statement

In fiscal 2025, Bright Horizons Family Solutions Inc.'s operations generated $351m of cash; it spent $92.2m on capital projects, leaving free cash flow of $259m. It returned $225m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Bright Horizons Family Solutions Inc.: cash flow statement, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	134	107	160	174	170	213	248	295	330	210	227	188	256	337	351	356
Depreciation and amortisation	55	61	73	77	79	85	95	101	108	112	109	106	111	98	93	98
Stock-based pay	1	18	11	8	9	12	12	14	17	21	23	28	29	34	31	30
Capital spending	43	69	70	66	78	75	88	92	112	85	63	71	91	97	92	103
Free cash flow	91	38	90	108	92	138	160	202	219	125	164	118	165	240	259	253
Free cash flow after stock pay	90	20	79	100	83	126	148	188	201	104	141	90	136	207	228	223
Share buybacks	—	5	0	222	128	113	162	127	32	33	214	183	0	85	225	680
Shares issued	0	2	10	16	10	12	—	0	0	250	0	0	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Bright Horizons Family Solutions Inc.: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	121	86	134	−18	148	108	95	5
Depreciation and amortisation	22	22	23	24	25	23	25	25
Stock-based pay	9	8	7	8	8	7	7	8
Capital spending	32	15	19	25	33	20	19	30
Free cash flow	89	71	115	−42	115	88	76	−25
Free cash flow after stock pay	80	63	109	−50	107	80	69	−33

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Bright Horizons Family Solutions Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Bright Horizons Family Solutions Inc.