Bright Horizons Family Solutions Inc. 2025年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q BRIGHT HORIZONS FAMILY SOLUTIONS INC. (Exact name of registrant as specified in its charter) 80-0188269(I.R.S. EmployerIdentification Number) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of April25, 2025, there were57,253,439shares of common stock outstanding. FORM 10-Q For the quarterly period ended March31, 2025 PART I. FINANCIAL INFORMATION Item1.Condensed Consolidated Financial Statements (Unaudited)Item2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures PART II. OTHER INFORMATION Item1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem3.Defaults Upon Senior SecuritiesItem4.Mine Safety DisclosuresItem5.Other InformationItem6.ExhibitsSignatures PART I. FINANCIAL INFORMATION (Unaudited) NON-CASH TRANSACTIONS: BRIGHT HORIZONS FAMILY SOLUTIONS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1.ORGANIZATION AND BASIS OF PRESENTATION Organization— Bright Horizons Family Solutions Inc. (“Bright Horizons” or the “Company”) provides center-based early educationand child care, back-up child and senior care, tuition assistance and student loan repayment program management, and educationaladvisory services for employers and families in the United States, the United Kingdom, the Netherlands, Australia and India. TheCompany provides services designed to help families, employers and their employees better integrate work and family life, primarilyunder multi-year contracts with employers who offer early education and child care, back-up and family care, and workforce As of March31, 2025, we operated1,023early education and child care centers. Basis of Presentation— The accompanying unaudited condensed consolidated balance sheet as of March31, 2025 and the unauditedcondensed consolidated statements of income, comprehensive income (loss), changes in stockholders’ equity, and cash flows for theinterim periods ended March31, 2025 and 2024 have been prepared in accordance with accounting principles generally accepted inthe United States of America (“U.S. GAAP” or “GAAP”) for interim financial information and pursuant to the rules and regulations of In the opinion of the Company’s management, the Company’s unaudited condensed consolidated balance sheet as of March31, 2025and the unaudited condensed consolidated statements of income, comprehensive income (loss), changes in stockholders’ equity, andcash flows for the interim periods ended March31, 2025 and 2024, reflect all adjustments (consisting only of normal and recurring Stockholders’Equity— The board of directors of the Company authorized a share repurchase program of up to $400million of theCompany’s outstanding common stock effective December16, 2021. The share repurchase program has no expiration date. The sharesmay be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions,under Rule 10b5-1 plans, or by other means in accordance with federal securities laws. During the three months ended March 31, 2.REVENUE RECOGNITION Disaggregation of Revenue The Company disaggregates revenue from contracts with customers into segments and geographical regions.Revenue disaggregatedby segment and geographical region was as follows: Deferred Revenue The Company records deferred revenue when payments are received in advance of the Company’s performance under the contract,which is recognized as revenue as the performance obligation is satisfied. The Company recognized $186.3million and $169.3million Remaining Performance Obligations The Company does not disclose the value of unsatisfied performance obligations for contracts with an original contract term of oneyear or less, or for variable consideration allocated to the unsatisfied performance obligation of a series of services. The transaction 3.LEASES The Company has operating leases for certain of its full service and back-up early education and child care centers, corporate offices,call centers, and to a lesser extent, various office equipment, in the United States, the United Kingdom, the Netherlands, and Australia.Most of t