XML 25 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue      
Resident fees $ 4,168,621 $ 4,177,127 $ 3,301,297
Management fees 70,762 60,183 42,239
Reimbursed costs incurred on behalf of managed communities 737,597 723,298 488,170
Total revenue 4,976,980 4,960,608 3,831,706
Expense      
Facility operating expense (excluding depreciation and amortization of $469,388, $684,448 and $503,662, respectively) 2,799,402 2,788,862 2,210,368
General and administrative expense (including non-cash stock-based compensation expense of $32,285, $31,651 and $28,299, respectively) 313,409 370,579 280,267
Transaction costs 3,990 8,252 66,949
Facility lease expense 373,635 367,574 323,830
Depreciation and amortization 520,402 733,165 537,035
Asset impairment 248,515 57,941 9,992
Loss on facility lease termination 11,113 76,143 0
Costs incurred on behalf of managed communities 737,597 723,298 488,170
Total operating expense 5,008,063 5,125,814 3,916,611
Income (loss) from operations (31,083) (165,206) (84,905)
Interest income 2,933 1,603 1,343
Interest expense:      
Debt (174,027) (173,484) (128,002)
Capital and financing lease obligations (202,012) (211,132) (109,998)
Amortization of deferred financing costs and debt premium (discount) (9,400) (3,351) (7,477)
Change in fair value of derivatives (178) (797) (2,711)
Debt modification and extinguishment costs (9,170) (7,020) (6,387)
Equity in earnings (loss) of unconsolidated ventures 1,660 (804) 171
Gain (Loss) on Sale of Properties, before Applicable Income Taxes 7,218 1,270 446
Other non-operating income 14,801 8,557 6,789
Income (loss) before income taxes (399,258) (550,364) (330,731)
(Provision) benefit for income taxes (5,378) 92,209 181,305
Net income (loss) (404,636) (458,155) (149,426)
Net income (loss) attributable to noncontrolling interest 239 678 436
Net (income) loss attributable to Brookdale Senior Living Inc. common stockholders $ (404,397) $ (457,477) $ (148,990)
Basic and diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders $ (2.18) $ (2.48) $ (1.01)
Weighted average shares used in computing basic and diluted net income (loss) per share 185,653 184,333 148,185