Brookdale senior living inc. (BKD)
Income statement / Quarterly
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'10Sep'09Jun'09
Revenue
Revenue

1,014,139

986,638

1,008,949

1,019,457

1,042,044

1,068,930

1,120,062

1,155,200

1,187,234

-

-

934,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

1,177,988

1,186,472

1,216,766

1,208,868

1,246,126

1,258,830

1,263,156

1,235,702

1,238,841

1,238,184

1,247,881

1,252,103

1,083,935

748,393

747,275

734,233

728,999

716,468

712,266

699,412

696,145

690,473

682,708

670,536

615,728

583,299

586,920

593,189

575,789

565,518

544,424

505,843

500,757

Expense
General and Administrative Expense

54,595

48,993

56,409

57,576

56,311

56,337

58,796

62,907

81,435

81,590

63,779

67,090

65,560

66,668

63,425

90,695

92,621

91,970

99,534

89,545

89,530

98,574

90,020

47,008

44,665

42,157

45,824

46,035

46,611

44,627

43,158

46,071

44,973

42,392

38,711

33,681

33,543

98,596

33,231

31,834

-31,952

34,720

31,721

Operating Lease, Facility Expense

64,481

66,056

67,253

67,689

68,668

70,542

70,392

81,960

80,400

81,787

84,437

84,690

88,807

91,745

92,519

92,682

96,689

90,621

91,144

91,338

94,471

92,469

91,462

70,030

69,869

69,701

69,232

68,777

69,019

70,785

71,167

70,628

71,445

74,164

68,314

66,065

66,315

203,889

68,090

67,175

-68,249

68,036

68,434

Transaction costs

-

-

-

-

-

-

-

-

-

-

1,992

3,339

7,593

2,040

659

441

850

1,089

0

421

6,742

7,725

41,572

6,808

10,844

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization, Nonproduction

90,738

94,971

93,550

94,024

96,888

106,104

110,980

116,116

114,255

116,054

117,649

120,887

127,487

129,088

130,783

133,394

127,137

126,378

160,715

225,645

220,427

216,632

178,999

71,088

70,316

68,200

68,644

67,254

64,659

62,500

62,876

63,561

63,344

62,076

64,071

70,577

71,782

217,283

74,951

73,168

-73,061

66,983

67,262

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

-

-

-

-

-

504

2,154

-

19,348

0

7,246

1,083

2,046

0

0

14,846

13,075

0

0

0

-

-

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

0

-1,382

0

-1,797

-209

-13,197

-2,337

-146,467

0

-

-4,938

-6,368

-

-

0

0

-

0

0

0

-76,143

0

0

0

0

-

-

-

-

8,804

0

0

2,780

0

0

0

0

-

-4,616

-

-

0

-

Loss on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-636

-1,538

3,520

0

0

-

0

-

-

-

-

Costs incurred on behalf of managed communities

-

-

-

-

-

-

-

-

-

-

-

-

183,945

-

187,763

186,076

185,228

179,314

184,065

179,367

180,552

193,225

117,995

87,387

89,563

87,502

90,233

87,786

80,287

82,169

83,208

80,924

78,715

79,982

37,233

17,871

17,480

-

17,325

16,546

-

-

-

Total operating expense

999,239

1,029,786

1,029,171

1,017,246

1,025,383

1,115,385

1,116,436

1,292,789

1,601,065

1,163,265

1,528,958

1,156,298

1,168,640

1,387,237

1,198,481

1,200,543

1,221,802

1,244,575

1,235,178

1,281,307

1,364,754

1,326,616

1,157,132

717,736

715,127

704,050

695,016

688,033

673,579

687,793

671,876

671,945

656,185

652,159

586,223

554,436

574,920

577,032

567,149

541,774

528,586

498,678

484,003

Income (loss) from operations

14,900

-43,148

-20,222

2,211

16,661

-46,455

3,626

-137,589

-413,831

2,625

-350,970

30,174

48,126

-178,369

47,645

58,287

41,354

-8,873

3,663

-43,123

-116,873

-74,513

-73,197

30,657

32,148

30,183

33,983

28,435

38,687

11,619

24,269

18,528

26,523

18,377

29,505

28,863

12,000

16,157

8,640

23,744

15,838

7,165

16,754

Interest income

1,455

1,800

2,162

2,813

3,084

2,268

1,654

2,941

2,983

1,903

1,285

804

631

694

809

728

702

395

399

382

427

345

392

285

321

312

472

252

303

1,792

676

692

852

969

1,171

773

625

717

441

453

627

623

328

Interest expense:
Debt

41,763

42,538

44,344

45,193

45,643

46,920

46,891

48,967

45,727

46,163

44,382

41,517

40,573

42,605

43,701

43,731

43,990

43,480

43,972

43,684

42,348

42,104

38,452

23,602

23,844

11,850

23,467

29,843

30,971

1,440

32,262

32,431

32,050

32,206

30,433

30,673

31,561

32,101

33,357

33,903

33,280

30,574

33,450

Finance Lease, Right-of-Use Asset, Interest Expense

13,282

16,394

16,567

16,649

16,743

17,388

20,896

22,389

22,931

26,578

31,999

32,228

49,859

50,451

50,401

50,581

50,579

51,669

53,217

53,043

53,203

56,873

40,916

6,055

6,154

-

6,175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs and debt discount

1,315

989

1,130

959

979

644

829

2,328

3,956

3,854

3,544

2,692

2,591

2,422

2,380

2,288

2,310

2,516

616

-162

381

-430

-189

4,078

4,018

4,037

4,100

4,348

4,569

4,479

4,543

4,586

4,473

4,403

4,310

2,010

2,704

1,713

2,244

2,410

2,596

2,167

3,390

Change in fair value of derivatives

-

-

-37

-27

-

-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

-2,478

7,900

Gain (loss) on debt modification and extinguishment, net

19,181

-6

-2,455

-2,672

-67

-11,600

-33

-9

-35

-526

-11,129

-693

-61

-5,930

-1,944

-186

-1,110

-240

-6,736

0

-44

-9,015

-569

3,197

0

-

-53

-893

-

0

0

0

-221

0

-715

-15,254

-2,894

0

-856

-682

-19

-1,178

-1,740

Equity in earnings (loss) of unconsolidated ventures

-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

42

581

Gain (loss) on sale of assets, net

372,839

4,522

579

2,846

-702

216,660

9,833

23,322

43,431

20,656

-233

-547

-603

5,092

-425

-198

2,749

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-operating income (loss)

2,662

4,815

3,763

3,199

2,988

6,025

-17

5,505

2,586

4,899

2,621

2,236

1,662

3,790

3,706

2,267

5,038

323

3,089

2,654

2,491

2,168

700

3,456

465

1,360

279

80

1,006

201

500

3

-111

-204

-116

-441

817

0

-1,454

0

0

-52

-8

Income (loss) before income taxes

353,669

-93,104

-80,308

-55,422

-41,927

99,799

-54,903

-181,055

-441,649

-51,569

-445,147

-49,072

-42,333

-269,169

-47,569

-35,368

-47,152

-104,835

-99,132

-137,400

-208,997

-173,996

-153,109

-2,333

-1,293

-2,491

-7

-4,036

4,706

-25,732

-11,469

-18,133

-9,614

-16,057

-6,523

-21,231

-23,459

-16,655

-28,734

-14,886

-21,673

-28,619

-13,025

Benefit (provision) for income taxes

-15,828

-1,781

-1,800

633

679

-31,732

-17,763

-15,546

15,585

-66,590

-31,218

-2,735

84,028

-569

4,159

123

1,665

69,468

-30,796

-52,593

-78,288

-67,200

-116,073

962

1,006

-1,516

960

1,164

1,148

-1,040

747

882

930

-307

513

12,728

-11,154

-7,534

-11,821

-5,329

-7,378

-7,329

-2,495

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

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

-

-967

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (income) loss attributable to noncontrolling interest

-18

85

-50

-585

-11

-8

-19

-21

-46

-36

-44

-50

-57

-113

-43

-41

-42

-44

-116

-260

-258

610

-174

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

369,515

-91,408

-78,458

-55,470

-42,595

131,539

-37,121

-165,488

-457,188

15,057

-413,885

-46,287

-126,304

-268,487

-51,685

-35,450

-48,775

-174,259

-68,220

-84,547

-130,451

-106,534

-36,862

-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

-21,290

-10,530

Earnings Per Share [Abstract]
Basic and diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders (in dollars per share)

-

-

-0.42

-0.30

-

0.71

-0.20

-0.88

-2.45

0.08

-2.22

-0.25

-0.68

-1.45

-0.28

-0.19

-0.26

-0.94

-0.37

-0.46

-0.71

-0.73

-0.23

-0.03

-0.02

-

-0.01

-0.04

-

-

-0.10

-0.16

-

-0.13

-0.06

-0.28

-0.10

-0.08

-0.14

-0.08

-0.12

-0.18

-0.10

Weighted average shares used in computing basic and diluted net loss per share (in shares)

184,186

185,225

185,516

186,140

186,747

187,732

187,675

187,585

186,880

186,421

186,298

186,212

185,689

185,688

185,946

185,825

185,153

184,818

184,570

184,266

183,678

184,201

159,003

125,058

124,478

124,328

124,128

123,405

122,823

122,618

122,493

121,708

121,145

-

-

-

-

-

-

-

119,315

118,455

106,042

Basic (in dollars per share)

2.01

-

-

-

-0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

-

-

-

-0.09

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

2.00

-

-

-

-0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

-

-

-

-0.09

-

-

-

-

-

-

-

-

-

-

Weighted average common shares outstanding:
Weighted Average Number of Shares Outstanding, Diluted

184,522

-

-

-

186,747

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124,391

-

-

-

121,145

-

-

-

-

-

-

-

-

-

-

Weighted average shares used in computing basic and diluted net loss per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121,616

121,280

120,792

-

120,404

119,721

-

-

-

Health Care, Resident Service [Member]
Revenue

782,707

797,352

801,237

801,863

809,479

806,797

840,179

895,969

906,266

906,251

922,892

934,070

1,016,927

1,010,074

1,042,831

1,054,568

1,061,148

1,040,835

1,040,082

1,043,978

1,052,232

1,041,958

955,512

653,517

650,310

638,581

631,144

620,938

624,370

608,807

605,530

602,050

596,549

583,205

575,159

563,923

568,035

558,344

557,125

547,560

543,029

503,856

499,459

Management fees
Revenue

108,715

12,352

13,564

15,449

15,743

17,706

18,528

17,071

18,681

19,371

18,138

22,442

15,894

20,264

15,532

18,186

16,780

15,553

14,694

14,839

15,097

16,920

10,428

7,489

7,402

8,150

7,622

7,744

7,609

8,436

7,407

7,499

7,444

7,349

3,336

1,505

1,405

1,445

1,339

1,412

1,395

1,987

1,298

Reimbursed costs incurred on behalf of managed communities
Revenue

122,717

176,934

194,148

202,145

216,822

244,427

261,355

242,160

262,287

240,268

236,958

229,960

183,945

178,530

187,763

186,076

185,228

179,314

184,065

179,367

180,552

193,225

117,995

87,387

89,563

87,502

90,233

87,786

80,287

82,169

83,208

80,924

78,715

79,982

37,233

17,871

17,480

-

17,325

16,546

-

-

-

Costs of services

122,717

176,934

194,148

202,145

216,822

244,427

261,355

242,160

262,287

-

236,958

229,960

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Facility operating expense
Costs of services

588,482

598,438

615,717

590,246

586,094

586,851

607,076

627,076

632,325

634,554

650,654

642,405

674,542

686,176

704,221

693,103

715,902

697,262

699,720

694,991

696,889

707,999

637,084

435,415

429,870

422,336

420,579

416,027

413,003

417,168

411,467

403,515

398,769

389,961

381,414

366,242

370,954

1,071,267

368,936

353,051

-355,324

328,939

316,586