Bright Horizons Family Solutions Inc.
S&P 600
Cash Flow
Cash Flow Breakdown
Figures in US$OperatingInvestingFinancing
How to read this: the three bars show where cash moved each year. Operating is cash from the core business (you generally want this positive and growing). Investing is usually negative — money spent on assets or acquisitions. Financing shows money raised from, or returned to, lenders and shareholders. Bars above the line are cash in; bars below are cash out.
Operating Cash Flow vs Capex
Figures in US$Operating Cash FlowCapital Expenditure
How to read this: operating cash flow is the cash the business generated; capital expenditure is what it spent on long-term assets like plant and equipment. The gap between them is roughly free cash flow — the cash left over. A wide gap (operating well above capex) means the business funds its investment comfortably from its own earnings.
| Period | Operating Cash Flow | Investing Cash Flow | Financing Cash Flow | Capital Expenditure |
|---|---|---|---|---|
| FY2014 | $174.30M | $-78.00M | $-36.42M | $66.19M |
| FY2015 | $170.06M | $-155.35M | $-90.58M | $77.79M |
| FY2016 | $213.22M | $-302.84M | $93.76M | $75.33M |
| FY2017 | $248.19M | $-105.32M | $-123.86M | $88.12M |
| FY2018 | $294.75M | $-158.54M | $-134.19M | $92.49M |
| FY2019 | $330.35M | $-189.07M | $-149.13M | $111.85M |
| FY2020 | $209.57M | $-83.83M | $229.00M | $84.74M |
| FY2021 | $227.25M | $-117.39M | $-230.03M | $63.49M |
| FY2022 | $188.47M | $-278.05M | $-121.34M | $70.56M |
| FY2023 | $256.14M | $-126.94M | $-91.63M | $91.02M |
| FY2024 | $337.46M | $-117.76M | $-183.81M | $97.31M |
| FY2025 | $350.73M | $-103.79M | $-233.43M | $92.18M |
Figures in USD. Educational data only.
Understanding these terms
Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.
- Operating Cash Flow
- Cash produced by the company's core operations during the period. The US equivalent of "Cash from Operating Activity".How a beginner reads it: A beginner uses this as a reality check on profit, since it reflects cash actually collected. Healthy, consistent operating cash flow underpins a company's ability to invest and repay debt.
- Investing Cash Flow
- Cash used for or generated by buying and selling long-term assets and investments. The US equivalent of "Cash from Investing Activity".How a beginner reads it: A beginner expects this to be negative for companies investing in growth. Reading it next to operating cash flow shows whether the business funds its investments from its own earnings.
- Financing Cash Flow
- Cash flows with lenders and shareholders — borrowing, repaying, issuing shares, buybacks, and dividends. The US equivalent of "Cash from Financing Activity".How a beginner reads it: A beginner reads this to understand whether the company is taking in money (borrowing/issuing) or paying it out (repaying/dividends), and how that fits the operating picture.
- Capital Expenditure
- Money spent on buying or upgrading long-lived assets like plant, equipment, and buildings. Often shortened to "capex".How a beginner reads it: A beginner reads capex against operating cash flow to see whether a company funds its investment from its own earnings. Operating cash flow minus capex is roughly free cash flow.