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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Resident fees $ 1,043,978 $ 653,517 $ 2,096,210 $ 1,303,827
Management fees 14,839 7,489 29,936 14,891
Reimbursed costs incurred on behalf of managed communities 179,367 87,387 359,919 176,950
Total revenue 1,238,184 748,393 2,486,065 1,495,668
Expense        
Facility operating expense (excluding depreciation and amortization of $214,116, $64,067, $422,939 and $126,728, respectively) 694,991 435,415 1,391,880 865,285
General and administrative expense (including non-cash stock-based compensation expense of $6,851, $7,729, $15,724 and $15,301, respectively) 89,545 47,008 179,075 91,673
Transaction costs 421 6,808 7,163 17,652
Facility lease expense 91,338 70,030 185,809 139,899
Depreciation and amortization 225,645 71,088 446,072 141,404
Loss on facility lease termination 0 0 76,143 0
Costs incurred on behalf of managed communities 179,367 87,387 359,919 176,950
Total operating expense 1,281,307 717,736 2,646,061 1,432,863
(Loss) income from operations (43,123) 30,657 (159,996) 62,805
Interest income 382 285 809 606
Interest expense:        
Debt (43,684) (23,602) (86,032) (47,446)
Capital and financing lease obligations (53,043) (6,055) (106,246) (12,209)
Amortization of deferred financing costs and debt premium (discount) 162 (4,078) (219) (8,096)
Change in fair value of derivatives (76) (1,322) (626) (2,169)
Debt modification and extinguishment costs 0 (3,197) (44) (3,197)
Equity in (loss) earnings of unconsolidated ventures (672) 1,523 812 2,159
Other non-operating income 2,654 3,456 5,145 3,921
Loss before income taxes (137,400) (2,333) (346,397) (3,626)
Benefit (provision) for income taxes 52,593 (962) 130,881 (1,968)
Net loss (84,807) (3,295) (215,516) (5,594)
Net loss attributable to noncontrolling interest 260 0 518 0
Net loss attributable to Brookdale Senior Living Inc. common stockholders $ (84,547) $ (3,295) $ (214,998) $ (5,594)
Basic and diluted net loss per share attributable to Brookdale Senior Living Inc. common stockholders $ (0.46) $ (0.03) $ (1.17) $ (0.04)
Weighted average shares used in computing basic and diluted net loss per share 184,266 125,058 183,974 124,770