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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 777,541 $ 750,792 $ 1,560,372 $ 1,504,055
General and administrative expense (including non-cash stock-based compensation expense of $3,975, $2,969, $7,248, and $6,073, respectively) 46,664 45,326 92,396 93,945
Facility operating lease expense 50,964 50,512 102,460 96,639
Depreciation and amortization 88,028 84,448 174,155 169,382
Asset impairment 0 520 1,708 520
Loss (gain) on sale of communities, net 0 (36,296) 0 (36,296)
Income (loss) from operations 19,162 41,165 38,408 48,987
Interest income 4,714 6,115 9,492 11,441
Interest expense:        
Debt (53,778) (52,256) (107,234) (102,571)
Financing lease obligations (5,110) (5,453) (10,171) (12,005)
Amortization of deferred financing costs (2,334) (1,899) (4,591) (3,839)
Change in fair value of derivatives (345) 5,173 2,742 4,269
Equity in earnings (loss) of unconsolidated ventures 0 (1,153) 0 (1,730)
Non-operating gain (loss) on sale of assets, net 199 860 903 860
Other non-operating income (loss) 199 3,197 3,537 6,346
Income (loss) before income taxes (37,293) (4,251) (66,914) (48,242)
Benefit (provision) for income taxes (449) (275) (409) (847)
Net income (loss) (37,742) (4,526) (67,323) (49,089)
Net (income) loss attributable to noncontrolling interest 15 16 30 30
Net income (loss) attributable to Brookdale Senior Living Inc. common stockholders $ (37,727) $ (4,510) $ (67,293) $ (49,059)
Basic and diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders        
Basic net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders (in dollars per share) $ (0.17) $ (0.02) $ (0.30) $ (0.22)
Diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders (in dollars per share) $ (0.17) $ (0.02) $ (0.30) $ (0.22)
Weighted average shares used in computing basic and diluted net income (loss) per share        
Weighted average shares used in computing basic net income (loss) per share (in shares) 226,789 225,404 226,340 224,994
Weighted average shares used in computing diluted net income (loss) per share (in shares) 226,789 225,404 226,340 224,994
Resident fees        
Revenue $ 739,709 $ 710,161 $ 1,483,950 $ 1,423,565
Management fees        
Revenue 2,616 2,510 5,234 5,087
Reimbursed costs incurred on behalf of managed communities        
Revenue 35,216 33,999 71,188 68,953
Cost incurred 35,216 33,999 71,188 68,953
Other operating income        
Revenue 0 4,122 0 6,450
Facility operating expense        
Cost incurred $ 537,507 $ 531,118 $ 1,080,057 $ 1,061,925