KinderCare Learning Companies, Inc.
Description
KinderCare Learning Companies, Inc. provides early childhood education and care services in the United States. It operates community-based early childhood education centers under the KCLC brand; operates community-based early child care and education schools under the Creme School brand; and offers before-and after-school programs under the Champions brand. The company was formerly known as KC Holdco, LLC and changed its name to KinderCare Learning Companies, Inc. in January 2022. KinderCare Learning Companies, Inc. was founded in 1969 and is based in Lake Oswego, Oregon.
About
CEO
Employees
43,560
Instrument type
Common Stock
Sector
Consumer Defensive
Industry
Education & Training Services
MIC code
XNYS
Address
5005 Meadows Road, Lake Oswego, OR 97035, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 21, 2024 | 0.07 | 0.05 | -0.02 | -28.57% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 7 | — | 8 |
| Average estimate | — | 0.17 | — | 0.75 |
| Low estimate | — | 0.15 | — | 0.58 |
| High estimate | — | 0.19 | — | 0.85 |
| Last year EPS | — | — | — | 0.32 |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
—
Next year (Dec 2025)
141.690%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.51B | 2.17B | 1.81B | 1.37B | 1.88B |
| Cost of revenue | 1.82B | 1.42B | 1.30B | 1.15B | 1.49B |
| Gross profit | 685.86M | 741.20M | 506.20M | 214.49M | 389.23M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 287.97M | 247.79M | 204.18M | 158.41M | 202.70M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 288.85M | 404.91M | 219.70M | -31.84M | 87.28M |
| Non operating interest income | |||||
| Income | 6.14M | 2.97M | 14,000 | — | — |
| Expense | 152.89M | 101.47M | 96.58M | 99.35M | 102.63M |
| Other income expense | -12.17M | -18.65M | -6.67M | -37.61M | -21.88M |
| Pretax income | 129.93M | 287.75M | 116.47M | -168.79M | -37.23M |
| Tax provision | 27.37M | 68.58M | 28.06M | -39.30M | -8.09M |
| Net income | 102.56M | 219.17M | 88.41M | -129.50M | -29.14M |
| Basic EPS | 1.13 | 2.35 | 0.98 | -1.43 | -0.32 |
| Diluted EPS | 1.13 | 2.35 | 0.98 | -1.43 | -0.32 |
| Basic average shares | 90.37M | 93.38M | 90.46M | 90.37M | 90.37M |
| Diluted average shares | 90.37M | 93.38M | 90.46M | 90.37M | 90.37M |
| EBITDA | 405.42M | 493.17M | 302.66M | 57.12M | 187.56M |
| Net income from continuing op. | 102.56M | 219.17M | 88.41M | -129.50M | -29.14M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | 10.42M | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 3.65B | 3.66B | 3.47B | 3.27B | 3.30B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 156.15M | 105.21M | 177.25M | 53.24M | 40.34M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 88.09M | 70.04M | 73.62M | 61.14M | 66.84M |
| Other receivables | 7.09M | 24.25M | 21.84M | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 27.08M | 30.17M | 30.01M | 20.39M | 13.25M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | 1.21M | 1.59M | — | — | — |
| Other current assets | 3.82M | 2.30M | 1.54M | 1.94M | 1.05M |
| Non current assets | |||||
| Properties | 1.36B | 1.42B | 1.39B | 1.36B | 1.35B |
| Land and improvements | 4.52M | 11.91M | 1.51M | 1.51M | 1.51M |
| Machinery furniture equipment | 298.76M | 268.40M | 214.75M | 201.95M | 198.52M |
| Construction in progress | 29.99M | 32.66M | 23.84M | 33.51M | 32.60M |
| Leases | 503.30M | 457.78M | 408.96M | 367.74M | 369.09M |
| Accumulated depreciation | -444.12M | -389.38M | -344.62M | -291.83M | -239.31M |
| Goodwill | 2.66B | 2.65B | 2.42B | 2.40B | 2.42B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | 656,000 | — | — | — |
| Intangible assets | 439.00M | 448.33M | 433.93M | 442.68M | 458.75M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 59.82M | 51.06M | 37.28M | 32.50M | 24.61M |
| Total liabilities | 3.15B | 3.26B | 3.21B | 3.13B | 3.06B |
| Current liabilities | |||||
| Accounts payable | 50.59M | 56.67M | 47.86M | 39.71M | 30.72M |
| Accrued expenses | 780,000 | 2.36M | 1.74M | 5.58M | 24.82M |
| Short term debt | 148.39M | 153.41M | 151.49M | 136.87M | 141.70M |
| Deferred revenue | 64.47M | 52.57M | 59.79M | 52.00M | 24.13M |
| Tax payable | 28.40M | 22.19M | 22.23M | 16.95M | 14.14M |
| Pensions | 95.65M | 84.40M | 70.96M | 47.10M | 75.63M |
| Other current liabilities | 35.52M | 25.12M | 24.06M | 30.63M | 27.76M |
| Non current liabilities | |||||
| Long term debt | 2.54B | 2.70B | 2.73B | 2.71B | 2.61B |
| Provision for risks and charges | 1.37M | 963,000 | — | — | — |
| Deferred liabilities | 60.73M | 77.30M | 46.62M | 37.80M | 63.22M |
| Derivative product liabilities | — | — | — | — | 6.75M |
| Other non current liabilities | 35.76M | 38.85M | 26.27M | 28.24M | 28.57M |
| Shareholders equity | |||||
| Common stock | 76,000 | 76,000 | 454.23M | 430.06M | 403.58M |
| Retained earnings | 123.10M | 20.54M | -198.63M | -287.04M | -157.54M |
| Other shareholders equity | -313,000 | -2.01M | — | -6.74M | -7.53M |
| Total shareholders equity | 506.88M | 407.69M | 255.61M | 136.29M | 238.51M |
| Additional paid in capital | 384.02M | 389.08M | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | 102.56M | 219.17M | 88.41M | -129.50M | -29.14M | -36.42M |
| Depreciation | 109.05M | 88.51M | 82.31M | 87.92M | 99.26M | 95.90M |
| Deferred Taxes | -17.41M | 26.34M | 20.47M | -40.01M | -8.64M | -12.05M |
| Stock-Based Compensation | 12.56M | 9.87M | 909,000 | 1.49M | -74,000 | 2.17M |
| Other Non-Cash Items | 8.48M | 4.92M | 8.76M | 7.10M | 4.73M | 5.41M |
| Accounts Receivable | -18.05M | 4.45M | -12.61M | 5.73M | 1.57M | -4.92M |
| Accounts Payable | -1.32M | -2.35M | 34.26M | -25.49M | -2.83M | 30.18M |
| Other Assets & Liabilities | 70.17M | -31.49M | -11.07M | 72.80M | 26.28M | -5.36M |
| Operating Cash Flow | 266.02M | 319.42M | 211.45M | -19.95M | 91.16M | 74.91M |
| Investing Activities | ||||||
| Capital Expenditures | -102.22M | -139.13M | -65.99M | -46.75M | -90.80M | -87.64M |
| Net Intangibles | — | — | — | — | — | — |
| Net Acquisitions | -10.24M | -157.62M | -14.16M | -1.73M | -3.69M | -207.82M |
| Purchase of Investments | -6.77M | -4.99M | — | — | — | — |
| Sale of Investments | 1.57M | 2.01M | — | — | — | — |
| Investing Cash Flow | -117.66M | -299.73M | -80.15M | -48.48M | -94.49M | -295.46M |
| Financing Activities | ||||||
| Long-Term Debt Issuance | 1.26B | 2.28M | 11.03M | 48.96M | — | 200.99M |
| Long-Term Debt Payments | -1.38B | -46.46M | -13.42M | -113.90M | -43.23M | -15.18M |
| Other Financing Charges | -17.54M | -807,000 | — | -296,000 | -440,000 | 3.00M |
| Financing Cash Flow | -134.94M | -117.66M | 20.87M | -50.23M | -38.67M | 196.81M |
| Other Cash Details | ||||||
| End Cash Position | 156.41M | 105.47M | 181.25M | 57.24M | 44.36M | 30.18M |
| Income Tax Paid | 29.45M | 70.48M | 3.06M | — | 1.45M | 1.17M |
| Interest Paid | 138.92M | 96.08M | 87.63M | 117.35M | 100.21M | 64.23M |
| Free Cash Flow | 174.50M | 202.18M | 116.40M | -34.60M | 22.97M | 2.80M |
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Article
Fortune 500 HR Leaders Say Flexible, Employer-Sponsored Child Care Benefits Are Essential for Employers in Today's Market
PORTLAND, Ore.--(BUSINESS WIRE)--A new report from KinderCare Learning Companies, Inc. (NYSE: KLC) (“KinderCare”), the nation's leading provider of high-quality early childhood education by center capacity, reveals that employer-sponsored child care benefits are a strategic necessity for Fortune 500 companies in the competition for top talent. The 2025 KinderCare CHRO Perspectives Survey, conducted by The Harris Poll, highlights human resources leaders' recognition of the critical role child ca.
Jan 15, 2025
Article
KinderCare's Champions Program Announces Summer 2025 Schedule
LAKE OSWEGO, Ore.--(BUSINESS WIRE)--As school-age students around the country return to their classrooms after winter break, families know it's time to think ahead to how their children will spend summer break. To help families plan ahead for out-of-school time, Champions, which operates more than 1,000 before- and after-school programs nationwide, opened enrollment for their 2025 Champ Camp summer camp schedule. Champions is part of KinderCare Learning Companies' (NYSE: KLC) family of brands.
Jan 7, 2025
Article
KinderCare Kids Scholarship Applications Open for the 2025-2026 Academic Year
Scholarship will support alumni from the KinderCare family of brands in their pursuit of a college education LAKE OSWEGO, Ore. , Dec. 5, 2024 /PRNewswire/ -- KinderCare Learning Companies™ (NYSE: KLC) opened the application process for the 2025-2026 KinderCare Learning Companies Kids Scholarship Fund, available to alumni from all its brands for the upcoming academic year.
Dec 5, 2024
