Brookdale senior living inc. (BKD)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash Flows from Operating Activities
Net income (loss)

143,611

-268,492

-45,638

-4,270

-113,724

-528,352

-644,862

-1,021,651

-902,479

-571,606

-855,227

-493,026

-482,180

-404,636

-310,339

-326,947

-376,263

-458,155

-390,648

-359,348

-277,836

-149,426

-43,605

-7,536

-9,441

-3,584

-27,301

-38,550

-52,365

-66,467

-57,525

-52,345

-67,289

-69,050

-62,421

-72,298

-47,896

-49,886

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain (Loss) on Extinguishment of Debt

14,048

-5,200

-16,794

-14,372

-11,709

-11,677

-603

-11,699

-12,383

-12,409

-21,428

-10,063

-9,370

-9,170

452

216

216

121

2,665

3,234

6,431

6,387

0

0

0

-

-

-

-

-221

-221

-936

-16,190

-18,863

-18,863

-19,004

-4,432

-1,557

0

0

0

Depreciation and amortization, net

377,676

383,490

394,130

411,259

434,868

455,212

468,372

477,756

482,891

494,758

506,360

518,330

530,433

529,802

527,186

555,354

645,155

736,516

823,824

841,303

690,986

544,512

400,547

294,481

290,917

285,811

280,553

275,228

271,773

270,362

269,862

270,824

275,264

281,933

288,328

297,142

300,133

301,304

0

0

0

Asset Impairment Charges

127,101

49,266

44,181

47,587

59,921

489,893

470,932

833,983

819,439

409,782

612,693

263,253

265,846

248,515

84,579

65,468

61,316

57,941

0

0

0

-

-

-

-

-

-

-

-

27,677

10,375

10,375

3,129

16,892

27,921

27,921

27,921

13,075

0

0

0

Income (Loss) from Equity Method Investments

-5,026

-4,544

-5,471

-4,754

-5,087

-8,804

-11,423

-16,805

-20,051

-14,827

-9,129

-3,285

1,623

1,660

440

-260

-1,270

-804

-1,508

-1,176

1,019

171

1,406

3,083

2,005

1,484

-2,286

-2,966

-3,472

-3,488

926

1,058

1,265

1,432

-325

64

37

168

0

0

0

Distributions from unconsolidated ventures from cumulative share of net earnings

2,723

3,472

3,125

3,279

3,237

2,896

9,052

8,513

8,227

8,258

18,509

24,436

23,983

23,544

6,400

6,375

7,325

7,825

8,455

2,675

2,095

1,840

1,812

1,865

2,268

2,691

2,161

1,933

1,969

1,507

2,017

2,297

1,488

1,282

0

0

0

-

-

-

-

Amortization of deferred gain

-

-

-

-

-

4,358

4,358

4,359

4,363

4,366

4,370

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,372

4,373

4,373

4,373

4,365

4,357

6,522

4,343

0

0

0

Amortization of entrance fees

1,613

1,634

1,622

1,605

1,567

1,670

1,664

1,708

2,204

2,901

3,541

4,286

4,467

4,195

3,999

3,446

3,363

3,204

3,030

8,168

14,785

21,220

28,337

29,593

29,078

29,009

27,705

27,151

26,429

25,362

23,936

23,976

24,270

23,966

23,487

23,622

34,283

22,782

0

0

0

Proceeds from deferred entrance fee revenue

3,451

3,544

3,613

3,559

2,545

3,218

3,700

3,158

4,894

5,712

7,172

10,474

12,820

13,980

31,327

23,884

16,655

11,113

-11,462

-14,076

-26,124

-32,704

-43,736

-46,771

-43,989

-44,191

-40,386

-44,089

-42,342

-40,105

-42,206

-40,095

-39,017

-38,378

-36,245

-35,242

-53,397

-37,486

0

0

0

Deferred income tax (benefit) provision

-24,591

-2,654

-34,403

-50,906

-67,234

-52,367

-83,158

-96,673

-83,582

-15,309

48,113

83,289

85,624

3,248

72,557

37,533

-15,090

-95,261

-230,221

-315,426

-262,206

-182,371

-116,347

410

415

-183

-90

-221

-390

-525

-52

79

12,089

383

-7,381

-19,982

-37,566

-33,925

0

0

0

Operating lease expense adjustment

-21,803

-19,453

-16,188

-13,861

-13,498

-17,218

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Straight-line lease (income) expense

-

-

-

-

-

-

-

-

-

-

-17,854

-15,635

-13,039

-6,097

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred lease liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,490

6,599

4,463

1,439

2,747

725

1,626

2,597

3,594

4,894

5,774

6,668

8,926

8,632

8,524

8,608

7,418

8,406

9,111

10,521

0

0

0

Unrealized Gain (Loss) on Derivatives

-

-

-

-

-

-403

-168

-232

-54

-174

-309

-235

-200

-178

-35

-199

-271

-797

-1,322

-1,168

-2,414

-2,711

-1,793

-3,160

-2

980

601

2,118

4

-364

-98

-1,746

-4,103

-3,878

-3,246

-1,914

-1,486

-4,118

0

0

0

Gain (Loss) on Disposition of Assets

380,786

7,245

219,383

228,637

249,113

293,246

97,242

87,176

63,307

19,273

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loss (gain) on facility lease termination and modification, net

-3,179

-3,388

-7,203

-9,540

-141,166

-140,957

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,584

0

0

0

-

-

-

-

-

-

-

-

Non-cash stock-based compensation expense

22,627

23,026

23,672

23,778

24,017

26,067

25,995

27,487

28,464

27,832

27,614

28,542

30,290

32,285

32,998

34,690

32,547

31,651

31,000

28,722

29,600

28,299

28,372

27,397

26,656

25,978

27,111

26,238

25,979

25,520

24,725

23,925

21,751

19,856

19,276

19,878

20,428

20,759

0

0

0

Non-cash interest expense on financing lease obligations

-

-

-

-

-

10,894

12,935

14,169

14,971

17,744

20,728

23,503

26,213

26,496

25,742

24,970

24,211

23,472

24,158

24,163

18,347

12,647

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of (above) below market lease, net

-

-

-

-

-

-

-

-

-

-

0

0

-6,828

-

-6,898

-6,825

-6,932

-7,158

-7,492

-7,243

-5,403

-3,444

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,019

-

0

0

0

-

-

-

-30

972

789

742

708

-332

-245

-307

-249

1,180

0

0

0

-

-

-

-

Loss on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-636

-2,174

1,346

1,346

1,982

0

0

0

-

-

-

-

Non-cash management contract termination gain

616

969

3,715

4,288

6,835

8,724

5,649

5,076

2,242

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Other

7,665

8,700

8,311

5,537

3,631

1,292

4,274

6,006

7,577

8,819

7,476

8,509

8,205

9,137

12,730

9,111

6,428

4,098

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,653

0

0

0

0

Changes in operating assets and liabilities:
Accounts receivable, net

-2,809

-292

10,593

19,917

13,002

4,964

-855

-11,746

-12,679

-12,747

-4,163

-8,099

-7,875

-1,581

-16,698

-23,288

-16,010

-5,608

24,483

10,146

7,131

-3,510

-29,119

-3,294

-1,116

5,449

4,805

1,942

7,162

3,415

11,084

15,791

10,579

5,367

16,811

9,039

15,134

7,956

0

0

0

Prepaid expenses and other assets, net

-41,819

-55,873

-49,031

-43,282

-45,294

-26,762

-26,765

-17,294

-24,426

-21,970

-33,615

-38,778

-30,878

-2,954

-3,844

3,259

9,979

-51,079

-55,075

1,190

22,548

52,868

57,758

3,163

7,473

-7,483

-4,229

-702

-19,508

-8,687

11,793

20,425

17,511

22,934

35,545

21,983

33,583

22,050

0

0

0

Prepaid insurance premiums financed with notes payable

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts payable and accrued expenses

-19,545

-12,984

-49,616

-56,673

-57,295

-37,307

7,271

19,436

25,730

-4,527

-30,815

-108,097

-133,487

-83,248

-111,264

-34,161

-23,179

-60,564

714

-19,408

5,600

16,812

6,148

18,466

17,147

33,837

15,897

14,709

17,688

4,854

20,447

4,604

-18,437

13,721

-14,670

-668

8,503

-11,775

0

0

0

Refundable fees and deferred revenue

-17,516

-25,117

-19,896

-25,659

-22,272

-128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets and liabilities for lessor capital expenditure reimbursements

-35,393

-31,305

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant refundable fees and security deposits

-

-

-

-

-

-

-

-

-

-

-378

-1,092

-910

-839

-479

31

-240

-524

-770

-1,223

-1,078

-1,183

-1,115

-676

-1,072

-792

-819

-1,023

-1,440

-1,547

-1,801

-3,326

-2,938

-2,186

-2,379

-866

-1,550

-3,158

0

0

0

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-6,400

16,429

-1,060

3,300

28,010

-18,799

-5,639

-6,911

-22,574

3,985

191

-3,370

-4,630

4,927

11,368

-1,881

5,995

-2,682

-5,365

12,119

-3,388

-29

-3,249

-4,148

1,879

-2,017

1,169

-1,735

0

0

0

Net cash provided by (used in) operating activities

278,900

216,412

161,783

164,496

160,988

203,961

254,544

276,411

349,550

378,359

390,693

396,344

370,081

373,651

367,462

359,381

352,652

292,366

287,989

209,262

200,013

242,652

273,894

365,507

354,332

366,121

332,066

307,250

309,761

290,969

264,403

239,622

221,454

268,427

261,091

270,825

273,781

228,244

0

0

0

Cash Flows from Investing Activities
Change in lease security deposits and lease acquisition deposits, net

-4,390

-859

1,397

4,042

3,498

1,163

-2,366

-5,080

-3,708

-2,113

-860

-682

-1,435

-2,225

-3,451

-6,395

-3,381

10,866

-39,663

-33,155

-35,914

-48,944

3,255

901

-92

-2,051

-3,278

-4,681

-7,734

-7,999

-11,446

-9,796

-4,364

-3,088

1,483

-1,002

-3,917

-2,175

0

0

0

Change in cash and escrow deposits restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,654

-19,435

-17,069

-29,286

-49,117

-66,553

-62,597

-56,935

-22,882

-8,293

-16,527

-10,726

-76

7,193

12,426

4,810

2,470

-3,284

-10,163

-56,176

-63,516

-99,361

-89,716

-4,705

0

0

0

Purchase of marketable securities

207,290

186,224

152,609

112,882

83,171

14,823

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,557

632

400

7,076

32,724

33,545

32,724

26,409

0

0

0

0

Sale and maturities of marketable securities

184,000

134,000

104,000

75,000

175,000

293,273

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,431

1,415

1,417

809

0

0

0

0

Capital expenditures, net of related payables

313,422

304,092

262,509

227,312

218,936

225,473

243,192

244,775

231,551

213,887

209,741

233,157

274,065

333,647

373,223

422,763

440,432

411,051

393,490

349,164

323,657

304,245

308,538

290,665

265,630

257,527

218,553

216,737

218,493

208,412

196,924

184,168

173,075

160,131

137,665

116,100

99,168

93,681

0

0

0

Acquisition of assets, net of related payables and cash received

447,185

497

453

451

244,441

271,771

276,567

276,116

32,526

5,196

400

400

0

12,157

9,922

10,672

29,068

191,216

194,074

232,627

214,231

40,441

67,110

30,366

35,199

34,686

168,609

167,399

167,541

272,523

145,393

144,133

142,336

88,682

86,429

90,647

109,278

57,948

0

0

0

Payments on notes receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-817

-506

-553

-131

781

-642

-642

-1,484

-1,740

-1,313

-970

-1,079

0

0

0

Investment in unconsolidated ventures

628

4,346

4,472

4,464

4,676

9,124

20,363

21,715

21,480

199,017

194,906

195,810

196,983

13,377

34,659

34,421

67,739

69,297

41,676

65,108

30,422

26,499

25,532

9,180

11,329

17,172

21,969

12,789

11,211

5,368

0

0

0

-

-

-

-

660

0

0

0

Distributions received from unconsolidated ventures

6,457

9,635

9,522

8,758

13,991

12,850

28,326

30,387

29,265

29,035

225,628

223,416

219,056

218,973

6,852

12,656

10,778

9,054

0

0

0

-

-

-

-

-

-

-

-

350

306

274

246

206

176

166

110

97

0

0

0

Proceeds from sale of assets, net

367,894

92,735

421,325

421,340

454,205

499,807

167,849

166,949

113,892

70,507

113,031

286,803

284,023

297,932

260,625

89,817

94,810

49,226

0

0

0

-

-

-

-

34,136

16,472

16,472

9,683

9,243

325

2,110

7,670

30,817

41,409

39,624

33,739

12,079

0

0

0

Property insurance proceeds

-

-

-

-

-

1,292

4,276

5,737

7,308

8,550

7,207

8,509

8,205

9,137

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-7,401

-10,495

-7,774

-7,162

1,442

3,627

-342

-998

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

914

38

828

524

676

0

0

0

Net cash provided by (used in) investing activities

-373,393

-225,539

151,446

196,963

97,546

288,774

-91,982

-331,327

-311,435

-602,333

-297,206

69,040

46,503

171,798

-125,049

-349,216

-412,134

-568,977

-596,400

-563,240

-492,651

-314,882

-303,689

-287,320

-260,166

-264,806

-359,830

-356,499

-372,104

-455,334

-355,094

-341,622

-318,614

-203,899

-163,450

-100,698

-111,207

-136,505

0

0

0

Cash Flows from Financing Activities
Proceeds from debt

768,603

321,996

645,493

485,233

601,931

606,921

294,077

1,494,553

1,302,918

1,307,205

1,478,263

287,791

244,433

387,348

237,651

612,585

677,655

585,650

650,260

311,678

391,488

326,639

291,592

415,466

674,495

662,934

776,536

606,897

205,408

372,291

198,751

645,268

630,507

482,669

510,244

276,528

393,687

414,795

0

0

0

Repayment of debt and financing lease obligations

662,749

427,923

798,950

668,513

881,143

896,744

597,404

1,431,224

1,045,889

1,054,161

1,210,316

430,086

437,566

469,309

250,069

530,152

522,223

485,762

763,353

486,569

609,499

584,345

346,773

417,414

728,827

724,133

706,619

561,714

123,474

191,835

155,949

599,042

850,083

898,565

911,160

701,749

552,154

476,527

0

0

0

Proceeds from line of credit

166,381

0

0

0

0

-

-

-

-

-

-

-

-

1,276,500

1,481,500

1,384,500

1,178,500

1,175,000

1,170,000

1,045,000

817,000

442,000

347,000

317,000

390,000

425,000

415,000

360,000

350,000

375,000

385,000

375,000

315,000

225,000

120,000

55,000

55,000

60,000

0

0

0

Repayment of line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

1,586,500

1,691,500

1,468,000

1,268,500

965,000

860,000

787,000

542,000

372,000

392,000

375,000

410,000

475,000

450,000

365,000

390,000

360,000

340,000

300,000

230,000

160,000

85,000

55,000

70,000

60,000

0

0

0

Purchase of treasury stock, net of related payables

32,122

23,955

22,657

22,657

14,212

4,256

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of financing costs, net of related payables

12,365

7,309

19,333

16,468

16,828

16,317

3,691

19,279

17,189

17,269

26,362

11,397

10,367

10,857

1,785

29,797

31,959

32,622

40,624

12,041

7,969

9,393

1,402

4,499

12,281

11,576

13,947

10,744

5,385

5,563

3,352

7,941

8,515

8,712

8,275

5,982

8,340

8,541

0

0

0

Proceeds from refundable entrance fees, net of refunds

-

-

-

-

-

-422

-254

-573

-1,054

-2,179

-4,049

-1,856

-1,210

-901

4,889

2,459

1,915

2,472

-1,522

-3,986

-14,454

-20,342

-39,205

-45,692

-46,428

-48,140

-42,353

-44,684

-42,247

-42,600

-77,717

-58,307

-43,680

-29,611

-45,129

-40,091

-38,782

-36,420

0

0

0

Payments (Proceeds) For Lease Termination

-

-

-

-

-

-

-

-

-

-

-

-

-

9,250

13,875

18,500

17,750

17,000

16,250

15,500

11,625

7,750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refunds of entrance fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,789

10,023

18,248

25,865

36,148

36,208

34,451

35,325

32,305

30,601

28,574

27,356

62,195

50,696

38,786

25,754

20,280

20,771

21,892

21,060

0

0

0

Cash portion of loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

44

965

4,145

4,101

0

0

0

-

-

-

-

118

34,198

34,172

20,019

17,040

-16,682

-16,656

-2,503

179

0

0

0

Payments of employee taxes for withheld shares

4,214

3,313

3,459

3,451

3,440

3,061

3,067

3,284

3,395

5,889

5,871

5,992

5,787

1,640

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of derivatives and payment of swap termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,908

1,289

1,289

134

99

0

0

0

-

-

-

-

Other

958

1,110

1,044

1,168

1,290

1,364

1,604

1,759

1,816

2,043

1,909

2,017

2,155

2,141

2,531

2,564

2,676

2,807

2,775

2,588

2,277

1,889

-1,337

-1,496

-1,569

-1,582

916

558

59

-342

-1,128

-1,219

-1,189

-1,287

-627

-1,051

-766

-763

0

0

0

Recouponing and payment of swap termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) financing activities

224,492

-139,394

-197,968

-227,162

-325,595

-325,063

-321,283

31,404

236,655

229,198

125,196

-356,215

-432,607

-422,108

-238,620

-49,608

15,162

260,557

140,478

381,540

362,119

117,802

225,429

-58,199

-76,707

-112,044

27,950

41,519

48,472

202,769

94,000

100,550

102,541

-115,519

-127,407

-181,346

-191,455

-76,282

0

0

0

Net increase (decrease) in cash, cash equivalents, and restricted cash

129,999

-148,521

115,261

134,297

-67,061

167,672

-158,721

-23,512

274,770

5,224

218,683

109,169

-16,023

123,341

3,793

-39,443

-44,320

-16,054

-167,933

27,562

69,481

45,572

195,634

19,988

17,459

-10,729

186

-7,730

-13,871

38,404

3,309

-1,450

5,381

-50,991

-29,766

-11,219

-28,881

15,457

0

0

0