BROOKDALE SENIOR LIVING INC. BKD Cash Flow

Brookdale senior living inc. (BKD)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows from Operating Activities
Net income (loss)
369,497	-91,323	-78,508	-56,055	-42,606	131,531	-37,140	-165,509	-457,234	15,021	-413,929	-46,337	-126,361	-268,600	-51,728	-35,491	-48,817	-174,303	-68,336	-84,807	-130,709	-106,796	-37,036	-3,295	-2,299	-975	-967	-5,200	3,558	-24,692	-12,216	-19,015	-10,544	-15,750	-7,036	-33,959	-12,305	-9,121	-16,913	-9,557	-14,295
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain (Loss) on Extinguishment of Debt
19,181	-6	-2,455	-2,672	-67	-11,600	-33	-9	-35	-526	-11,129	-693	-61	-9,545	236	0	139	77	0	0	44	2,621	569	3,197	0	-	-	-	-	0	0	0	-221	0	-715	-15,254	-2,894	0	-856	-682	-19
Depreciation and amortization, net
92,053	96,108	94,680	94,835	97,867	106,748	111,809	118,444	118,211	119,908	121,193	123,579	130,078	131,510	133,163	135,682	129,447	128,894	161,331	225,483	220,808	216,202	178,810	75,166	74,334	72,237	72,744	71,602	69,228	66,979	67,419	68,147	67,817	66,479	68,381	72,587	74,486	72,874	77,195	75,578	75,657
Asset Impairment Charges
78,226	43,012	2,094	3,769	391	37,927	5,500	16,103	430,363	18,966	368,551	1,559	20,706	221,877	19,111	4,152	3,375	57,941	0	0	0	-	-	-	-	-	-	-	-	19,348	0	7,246	1,083	2,046	0	0	14,846	13,075	0	0	0
Income (Loss) from Equity Method Investments
-1,008	-970	-2,057	-991	-526	-1,897	-1,340	-1,324	-4,243	-4,516	-6,722	-4,570	981	1,182	-878	338	1,018	-38	-1,578	-672	1,484	-742	-1,246	1,523	636	493	431	445	115	-3,277	-249	-61	99	1,137	-117	146	266	-620	272	119	397
Distributions from unconsolidated ventures from cumulative share of net earnings
0	1,084	858	781	749	737	1,012	739	408	6,893	473	453	439	17,144	6,400	0	0	0	6,375	950	500	630	595	370	245	602	648	773	668	72	420	809	206	582	700	0	0	-	-	-	-
Amortization of deferred gain
-	-	-	-	-	1,089	1,090	1,089	1,090	1,089	1,091	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,093	1,094	1,093	1,093	1,085	1,086	3,258	-1,086
Amortization of entrance fees
377	462	400	374	398	450	383	336	501	444	427	832	1,198	1,084	1,172	1,013	926	888	619	930	767	714	5,757	7,547	7,202	7,831	7,013	7,032	7,133	6,527	6,459	6,310	6,066	5,101	6,499	6,604	5,762	4,622	6,634	17,265	-5,739
Proceeds from deferred entrance fee revenue
343	642	1,163	1,303	436	711	1,109	289	1,109	1,193	567	2,025	1,927	2,653	3,869	4,371	3,087	20,000	-3,574	-2,858	-2,455	-2,575	-6,188	-14,906	-9,035	-13,607	-9,223	-12,124	-9,237	-9,802	-12,926	-10,377	-7,000	-11,903	-10,815	-9,299	-6,361	-9,770	-9,812	-27,454	9,550
Deferred income tax (benefit) provision
-21,767	-1,438	-1,686	300	170	-33,187	-18,189	-16,028	15,037	-63,978	-31,704	-2,937	83,310	-556	3,472	-602	934	68,753	-31,552	-53,225	-79,237	-66,207	-116,757	-5	598	-183	0	0	0	-90	-131	-169	-135	383	0	11,841	-11,841	-7,381	-12,601	-5,743	-8,200
Operating lease expense adjustment
-6,733	-5,827	-4,814	-4,429	-4,383	-2,562	-2,487	-4,066	-8,103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Straight-line lease (income) expense
-	-	-	-	-	-	-	-	-	-	-3,078	-3,119	-3,007	-8,650	-859	-523	3,935	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in deferred lease liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,731	1,919	2,801	-961	2,840	-217	-223	347	818	684	748	1,344	2,118	1,564	1,642	3,602	1,824	1,456	1,726	2,412	2,812	2,161	3,136
Unrealized Gain (Loss) on Derivatives
-	-	-	-	-	-250	-10	-217	74	-15	-74	-39	-46	-150	0	-4	-24	-7	-164	-76	-550	-532	-10	-1,322	-847	386	-1,377	1,836	135	7	140	-278	-233	273	-1,508	-2,635	-8	905	-176	-2,207	-2,640
Gain (Loss) on Disposition of Assets
372,839	4,522	579	2,846	-702	216,660	9,833	23,322	43,431	20,656	-233	-547	-603	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144
Loss (gain) on facility lease termination and modification, net
0	-1,382	0	-1,797	-209	-5,197	-2,337	-133,423	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,364	0	0	-2,780	-	-	-	-	-	-	-	-
Non-cash stock-based compensation expense
5,957	4,711	5,929	6,030	6,356	5,357	6,035	6,269	8,406	5,285	7,527	7,246	7,774	5,067	8,455	8,994	9,769	5,780	10,147	6,851	8,873	5,129	7,869	7,729	7,572	5,202	6,894	6,988	6,894	6,335	6,021	6,729	6,435	5,540	5,221	4,555	4,540	4,960	5,823	5,105	4,871
Non-cash interest expense on financing lease obligations
-	-	-	-	-	1,743	2,705	3,063	3,383	3,784	3,939	3,865	6,156	6,768	6,714	6,575	6,439	6,014	5,942	5,816	5,700	6,700	5,947	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of (above) below market lease, net
-	-	-	-	-	-	-	-	-	-	-1,697	-1,697	-1,697	-	-1,699	-1,733	-1,733	-1,733	-1,626	-1,840	-1,959	-2,067	-1,377	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-425	-198	2,749	-	1,723	0	0	-	-	-	-76	96	-26	-24	926	-87	-73	-58	-114	0	-135	0	1,315	-	-	-	-
Loss on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-636	-1,538	3,520	0	0	-	-	-	-
Non-cash management contract termination gain
0	329	0	287	353	3,075	573	2,834	2,242	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Other
1,460	1,527	2,772	1,906	2,495	1,138	-2	0	156	4,120	1,730	1,571	1,398	2,777	2,763	1,267	2,330	6,370	-856	-1,416	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,564	11,332	-702	-7,719	-2,911
Changes in operating assets and liabilities:
Accounts receivable, net
2,033	-7,048	2,759	-553	4,550	3,837	12,083	-7,468	-3,488	-1,982	1,192	-8,401	-3,556	6,602	-2,744	-8,177	2,738	-8,515	-9,334	-899	13,140	21,576	-23,671	-3,914	2,499	-4,033	2,154	-1,736	9,064	-4,677	-709	3,484	5,317	2,992	3,998	-1,728	105	14,436	-3,774	4,367	-7,073
Prepaid expenses and other assets, net
1,696	-5,486	-19,564	-18,465	-12,358	1,356	-13,815	-20,477	6,174	1,353	-4,344	-27,609	8,630	-10,292	-9,507	-19,709	36,554	-11,182	-2,404	-12,989	-24,504	-15,178	53,861	8,369	5,816	-10,288	-734	12,679	-9,140	-7,034	2,793	-6,127	1,681	13,446	11,425	-9,041	7,104	26,057	-2,137	2,559	-4,429
Prepaid insurance premiums financed with notes payable
17,434	-	-6,215	-6,752	18,842	-	-6,181	-6,208	18,633	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade accounts payable and accrued expenses
-47,919	8,986	21,415	-2,027	-41,358	-27,646	14,358	-2,649	-21,370	16,932	26,523	3,645	-51,627	-9,356	-50,759	-21,745	-1,388	-37,372	26,344	-10,763	-38,773	23,906	6,222	14,245	-27,561	13,242	18,540	12,926	-10,871	-4,698	17,352	15,905	-23,705	10,895	1,509	-7,136	8,453	-17,496	15,511	2,035	-11,825
Refundable fees and deferred revenue
-2,254	-1,110	-6,781	-7,371	-9,855	4,111	-12,544	-3,984	12,289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease assets and liabilities for lessor capital expenditure reimbursements
-4,088	-19,262	-11,043	-1,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant refundable fees and security deposits
-	-	-	-	-	-	-	-	-	-	-17	82	-297	-146	-731	264	-226	214	-221	-7	-510	-32	-674	138	-615	36	-235	-258	-335	9	-439	-675	-442	-245	-1,964	-287	310	-438	-451	-971	-1,298
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-7,557	664	8,406	-7,913	15,272	-16,825	12,766	16,797	-31,537	-3,665	11,494	1,134	-4,978	-7,459	7,933	-126	4,579	-1,018	-5,316	7,750	-4,098	-3,701	12,168	-7,757	-739	-6,921	11,269	-1,730	-4,635	-3,735	8,365
Net cash provided by (used in) operating activities
57,479	88,082	69,211	64,128	-5,009	33,453	71,924	60,620	37,964	84,036	93,791	133,759	66,773	96,370	99,442	107,496	70,343	90,181	91,361	100,767	10,057	85,804	12,634	91,518	52,696	117,046	104,247	80,343	64,485	82,991	79,431	82,854	45,693	56,425	54,650	64,686	92,666	49,089	64,384	67,642	47,129
Cash Flows from Investing Activities
Change in lease security deposits and lease acquisition deposits, net
-3,211	-429	-347	-403	320	1,827	2,298	-947	-2,015	-1,702	-416	425	-420	-449	-238	-328	-1,210	-1,675	-3,182	2,686	13,037	-52,204	3,326	-73	7	-5	972	-1,066	-1,952	-1,232	-431	-4,119	-2,217	-4,679	1,219	1,313	-941	-108	-1,266	-1,602	801
Change in cash and escrow deposits restricted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,165	-283	-72	-22,464	3,384	2,083	-12,289	-42,295	-14,052	6,039	-6,627	-8,242	537	-2,195	-826	2,408	7,806	3,038	-8,442	68	2,052	-3,841	-54,455	-7,272	-33,793	5,804	30,556
Purchase of marketable securities
89,414	48,438	39,727	29,711	68,348	14,823	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104	1,053	-361	761	-821	821	6,315	26,409	0	0	0	0
Sale and maturities of marketable securities
50,000	30,000	49,000	55,000	0	0	20,000	155,000	118,273	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	-2	608	809	0	0	0	0
Capital expenditures, net of related payables
69,385	97,707	84,088	62,242	60,055	56,124	48,891	53,866	66,592	73,843	50,474	40,642	48,928	69,697	73,890	81,550	108,510	109,273	123,430	99,219	79,129	91,712	79,104	73,712	59,717	96,005	61,231	48,677	51,614	57,031	59,415	50,433	41,533	45,543	46,659	39,340	28,589	23,077	25,094	22,408	23,102
Acquisition of assets, net of related payables and cash received
446,688	44	453	0	0	0	451	243,990	27,330	4,796	0	400	0	0	0	0	12,157	-2,235	750	18,396	174,305	623	39,303	0	515	27,292	2,559	4,833	2	161,215	1,349	4,975	104,984	34,085	89	3,178	51,330	31,832	4,307	21,809	0
Payments on notes receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-76	-	-159	47	17	-722	152	0	439	190	-1,271	0	-403	-66	-844	343	-512
Investment in unconsolidated ventures
268	52	90	218	3,986	178	82	430	8,434	11,417	1,434	195	185,971	7,306	2,338	1,368	2,365	28,588	2,100	34,686	3,923	967	25,532	0	0	0	9,180	2,149	5,843	4,797	0	571	0	-	-	-	-	1	-394	205	848
Distributions received from unconsolidated ventures
0	2,181	2,149	2,127	3,178	2,068	1,385	7,360	2,037	17,544	3,446	6,238	1,807	214,137	1,234	1,878	1,724	2,016	7,038	0	0	-	-	-	-	-	-	-	-	94	72	84	100	50	40	56	60	20	30	0	47
Proceeds from sale of assets, net
304,617	39,305	1,000	22,972	29,458	367,895	1,015	55,837	75,060	35,937	115	2,780	31,675	78,461	173,887	0	45,584	41,154	3,079	4,993	0	-	-	-	-	26,582	0	7,114	440	8,918	0	325	0	0	1,785	5,885	23,147	10,592	0	0	1,487
Property insurance proceeds
-	-	-	-	-	1,136	0	0	156	4,120	1,461	1,571	1,398	2,777	2,763	1,267	2,330	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-15	-251	-696	-6,439	-3,109	2,470	-84	2,165	-924	-1,499	-740	-	-	-	-	-	-	-	-	-	-	-	-	914	-468	304	164	38	322	0	316
Net cash provided by (used in) investing activities
-247,927	-75,184	-70,056	19,774	-100,073	301,801	-24,539	-79,643	91,155	-78,955	-263,884	-59,751	-199,743	226,172	102,362	-82,288	-74,448	-70,675	-121,805	-145,206	-231,291	-98,098	-88,645	-74,617	-53,522	-86,905	-72,276	-47,463	-58,162	-181,929	-68,945	-63,068	-141,392	-81,689	-55,473	-40,060	-26,677	-41,240	7,279	-50,569	-51,975
Cash Flows from Financing Activities
Proceeds from debt
471,785	3,505	160,260	133,053	25,178	327,002	0	249,751	30,168	14,158	1,200,476	58,116	34,455	185,216	10,004	14,758	177,370	35,519	384,938	79,828	85,365	100,129	46,356	159,638	20,516	65,082	170,230	418,667	8,955	178,684	591	17,178	175,838	5,144	447,108	2,417	28,000	32,719	213,392	119,576	49,108
Repayment of debt and financing lease obligations
263,226	23,771	166,116	209,636	28,400	394,798	35,679	422,266	44,001	95,458	869,499	36,931	52,273	251,613	89,269	44,411	84,016	32,373	369,352	36,482	47,555	309,964	92,568	159,412	22,401	72,392	163,209	470,825	17,707	54,878	18,304	32,585	86,068	18,992	461,397	283,626	134,550	31,587	251,986	134,031	58,923
Proceeds from line of credit
166,381	0	0	0	0	-	-	-	-	-	-	-	-	0	382,000	446,000	448,500	205,000	285,000	240,000	445,000	200,000	160,000	12,000	70,000	105,000	130,000	85,000	105,000	95,000	75,000	75,000	130,000	105,000	65,000	15,000	40,000	0	0	15,000	45,000
Repayment of line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	468,500	469,500	548,500	205,000	245,000	270,000	245,000	100,000	172,000	25,000	75,000	120,000	155,000	60,000	140,000	95,000	70,000	85,000	110,000	75,000	30,000	15,000	40,000	0	0	30,000	30,000
Purchase of treasury stock, net of related payables
18,123	5,554	0	8,445	9,956	4,256	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of financing costs, net of related payables
5,815	952	3,015	2,583	759	12,976	150	2,943	248	350	15,738	853	328	9,443	773	-177	818	371	28,785	1,985	1,481	8,373	202	-2,087	2,905	382	3,299	5,695	2,200	2,753	96	336	2,378	542	4,685	910	2,575	105	2,392	3,268	2,776
Proceeds from refundable entrance fees, net of refunds
-	-	-	-	-	-106	-368	-171	223	62	-687	-652	-902	-1,808	1,506	-6	-593	3,982	-924	-550	-36	-12	-3,388	-11,018	-5,924	-18,875	-9,875	-11,754	-7,636	-13,088	-12,206	-9,317	-7,989	-48,205	7,204	5,310	6,080	-63,723	12,242	6,619	8,442
Payments (Proceeds) For Lease Termination
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,625	4,625	4,625	4,625	3,875	3,875	3,875	3,875	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refunds of entrance fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,434	988	829	538	7,668	9,213	8,446	10,821	7,728	7,456	9,320	7,801	6,024	5,429	8,102	42,640	-5,475	-6,481	-4,930	37,166	-4,984	-5,360	-5,762
Cash portion of loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	44	0	921	3,180	0	-	-	-	-	0	0	0	118	34,080	-26	-14,153	-2,861	358	0	0	-179
Payments of employee taxes for withheld shares
3,898	71	137	108	2,997	217	129	97	2,618	223	346	208	5,112	205	467	3	965	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of derivatives and payment of swap termination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	619	0	1,190	99	0	0	35	64	-	-	-	-
Other
146	283	253	276	298	217	377	398	372	457	532	455	599	323	640	593	585	713	673	705	716	681	486	394	328	-2,545	327	321	315	-47	-31	-178	-86	-833	-122	-148	-184	-173	-546	137	-181
Recouponing and payment of swap termination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	640
Net cash provided by (used in) financing activities
347,250	-26,560	-8,755	-87,443	-16,636	-85,134	-37,949	-185,876	-16,104	-81,354	314,738	19,375	-23,561	-185,356	-166,673	-57,017	-13,062	-1,868	22,339	7,753	232,333	-121,947	263,401	-11,668	-11,984	-14,320	-20,227	-30,176	-47,321	125,674	-6,658	-23,223	106,976	16,905	-108	-21,232	-111,084	5,017	-54,047	-31,341	4,089
Net increase (decrease) in cash, cash equivalents, and restricted cash
156,802	-13,662	-9,600	-3,541	-121,718	250,120	9,436	-204,899	113,015	-76,273	144,645	93,383	-156,531	137,186	35,131	-31,809	-17,167	17,638	-8,105	-36,686	11,099	-134,241	187,390	5,233	-12,810	15,821	11,744	2,704	-40,998	26,736	3,828	-3,437	11,277	-8,359	-931	3,394	-45,095	12,866	17,616	-14,268	-757