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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Resident fees $ 922,892 $ 1,042,831 $ 2,873,889 $ 3,158,547
Management fees 18,138 15,532 56,474 50,498
Reimbursed costs incurred on behalf of managed communities 236,958 187,763 650,863 559,067
Total revenue 1,177,988 1,246,126 3,581,226 3,768,112
Expense        
Facility operating expense (excluding depreciation and amortization of $105,424, $118,756, $325,976, and $351,667, respectively) 650,654 704,221 1,967,601 2,113,226
General and administrative expense (including non-cash stock-based compensation expense of $7,527, $8,455, $22,547 and $27,218, respectively) 63,779 63,425 196,429 246,741
Transaction costs 1,992 659 12,924 1,950
Facility lease expense 84,437 92,519 257,934 281,890
Depreciation and amortization 117,649 130,783 366,023 391,314
Asset impairment 368,551 19,111 390,816 26,638
Loss on facility lease termination 4,938 0 11,306 0
Costs incurred on behalf of managed communities 236,958 187,763 650,863 559,067
Total operating expense 1,528,958 1,198,481 3,853,896 3,620,826
Income (loss) from operations (350,970) 47,645 (272,670) 147,286
Interest income 1,285 809 2,720 2,239
Interest expense:        
Debt (44,382) (43,701) (126,472) (131,422)
Capital and financing lease obligations (31,999) (50,401) (114,086) (151,561)
Amortization of deferred financing costs and debt premium (discount) (3,544) (2,380) (8,827) (6,978)
Change in fair value of derivatives (74) 0 (159) (28)
Debt modification and extinguishment costs (11,129) (1,944) (11,883) (3,240)
Equity in (loss) earnings of unconsolidated ventures (6,722) (878) (10,311) 478
(Loss) gain on sale of assets, net (233) (425) (1,383) 2,126
Other non-operating income 2,621 3,706 6,519 11,011
Income (loss) before income taxes (445,147) (47,569) (536,552) (130,089)
Benefit (provision) for income taxes 31,218 (4,159) (50,075) (5,947)
Net income (loss) (413,929) (51,728) (586,627) (136,036)
Net (income) loss attributable to noncontrolling interest 44 43 151 126
Net income (loss) attributable to Brookdale Senior Living Inc. common stockholders $ (413,885) $ (51,685) $ (586,476) $ (135,910)
Basic and diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders (in dollars per share) $ (2.22) $ (0.28) $ (3.15) $ (0.73)
Weighted average shares used in computing basic and diluted net income (loss) per share (in shares) 186,298 185,946 186,068 185,641