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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Revenue $ 641,654 $ 807,980 $ 2,114,391 $ 2,688,028
Expense        
General and administrative expense (including non-cash stock-based compensation expense of $3,568, $6,136, $12,878, and $18,212, respectively) 43,812 54,138 146,155 161,251
Facility operating lease expense 43,226 51,620 131,508 178,480
Depreciation and amortization 84,560 87,821 252,042 271,713
Asset impairment 639 8,213 13,394 96,729
Total operating expense 690,509 863,097 2,277,331 2,788,222
Income (loss) from operations (48,855) (55,117) (162,940) (100,194)
Interest income 286 607 1,048 4,305
Interest expense:        
Debt (35,708) (36,908) (106,484) (117,645)
Financing lease obligations (11,674) (11,908) (34,549) (37,082)
Amortization of deferred financing costs and debt discount (1,979) (1,730) (5,992) (4,601)
Gain (loss) on debt modification and extinguishment, net 0 (7,917) 0 11,107
Equity in earnings (loss) of unconsolidated ventures (1,474) (293) 11,941 (863)
Gain (loss) on sale of assets, net 288,375 2,209 289,408 374,019
Other non-operating income (loss) 571 948 5,163 4,598
Income (loss) before income taxes 189,542 (110,109) (2,405) 133,644
Benefit (provision) for income taxes (15,279) (14,884) (15,239) (7,560)
Net income (loss) 174,263 (124,993) (17,644) 126,084
Net (income) loss attributable to noncontrolling interest 19 18 56 55
Net income (loss) attributable to Brookdale Senior Living Inc. common stockholders $ 174,282 $ (124,975) $ (17,588) $ 126,139
Net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders:        
Basic (in dollars per share) $ 0.94 $ (0.68) $ (0.10) $ 0.69
Diluted (in dollars per share) $ 0.89 $ (0.68) $ (0.10) $ 0.69
Weighted average common shares outstanding:        
Basic (in shares) 185,317 183,244 184,841 183,535
Diluted (in shares) 196,230 183,244 184,841 183,668
Resident fees        
Revenue        
Revenue $ 600,095 $ 700,771 $ 1,938,423 $ 2,215,107
Management fees        
Revenue        
Revenue 3,621 5,669 17,185 120,460
Reimbursed costs incurred on behalf of managed communities        
Revenue        
Revenue 37,849 90,775 146,651 315,003
Expense        
Costs of services 37,849 90,775 146,651 315,003
Other operating income        
Revenue        
Revenue 89 10,765 12,132 37,458
Facility operating expense (excluding facility depreciation and amortization)        
Expense        
Costs of services $ 480,423 $ 570,530 $ 1,587,581 $ 1,765,046