Brookdale Senior Living Inc. (BKD) Financial Statements (2024 and earlier)

Company Profile

Business Address 111 WESTWOOD PLACE
BRENTWOOD, TN 37027
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 805 - Nursing And Personal Care Facilities (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments432,772431,244447,530388,705404,238468,507
Cash and cash equivalents336,576362,235398,850299,201238,757289,247
Short-term investments96,19669,00948,68089,504165,481179,260
Restricted cash and investments34,82329,37427,73537,25829,94624,791
Receivables48,22252,61855,76151,54849,54449,952
Asset, held-for-sale, not part of disposal group 23,555   3,658
Other undisclosed current assets101,294129,640106,067103,923103,738107,988
Total current assets:617,111666,431637,093581,434587,466654,896
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization31,00093,20098,400307,800315,400335,600
Operating lease, right-of-use asset708,124565,641597,130539,166572,191588,935
Long-term investments and receivables49,81054,78855,33357,70159,69762,050
Long-term investments49,81054,78855,33357,70159,69762,050
Intangible assets, net (including goodwill)27,32127,32127,32127,32127,32127,321
Goodwill27,32127,32127,32127,32127,32127,321
Restricted cash and investments37,18345,13347,96358,35859,83964,455
Deferred income tax assets1,4151,3591,6042,3481,7172,584
Other noncurrent assets35,53332,18434,91625,63720,42220,692
Other undisclosed noncurrent assets4,397,2384,399,8024,437,3024,494,1884,524,2434,538,444
Total noncurrent assets:5,287,6245,219,4285,299,9695,512,5195,580,8305,640,081
TOTAL ASSETS:5,904,7355,885,8595,937,0626,093,9536,168,2966,294,977
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities336,582327,086308,148339,368336,801335,489
Accounts payable94,53988,73071,00077,70676,65182,014
Accrued liabilities242,043238,356237,148261,662260,150253,475
Debt54,733112,39490,10284,620291,337236,310
Disposal group, including discontinued operation  19,455    
Other undisclosed current liabilities257,858248,341242,955233,015225,875221,099
Total current liabilities:649,173707,276641,205657,003854,013792,898
Noncurrent Liabilities
Long-term debt and lease obligation3,911,5513,990,6034,008,9004,862,0664,712,4554,818,036
Long-term debt, excluding current maturities3,760,5603,772,2543,784,0993,758,9293,565,8193,640,784
Finance lease, liability150,991218,349224,801522,924526,601529,681
Liabilities, other than long-term debt804,735647,126702,80482,08583,26184,764
Other liabilities71,62171,52385,83182,08583,26184,764
Operating lease, liability733,114575,603616,973580,213620,035647,571
Total noncurrent liabilities:4,716,2864,637,7294,711,7044,944,1514,795,7164,902,800
Total liabilities:5,365,4595,345,0055,352,9095,601,1545,649,7295,695,698
Equity
Equity, attributable to parent537,758539,320582,605491,237516,230597,077
Common stock1,9881,9881,9781,9781,9781,978
Treasury stock, value(102,774)(102,774)(102,774)(102,774)(102,774)(102,774)
Additional paid in capital4,336,5044,333,5564,332,3024,215,2974,211,9314,208,360
Accumulated deficit(3,697,960)(3,693,450)(3,648,901)(3,623,264)(3,594,905)(3,510,487)
Equity, attributable to noncontrolling interest1,5181,5341,5481,5622,3372,202
Total equity:539,276540,854584,153492,799518,567599,279
TOTAL LIABILITIES AND EQUITY:5,904,7355,885,8595,937,0626,093,9536,168,2966,294,977

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues750,792753,263700,585757,458689,516677,820
Cost of revenue(77,846)(79,317)1,463,466(604,311)(592,590)(591,469)
Cost of goods and services sold(77,846)(79,317) (81,405)(80,944)(79,932)
Other undisclosed gross profit(487,271)(486,444)(2,030,481)41,31741,53841,564
Gross profit:185,675187,502133,570194,464138,464127,915
Operating expenses(130,294)(133,553)(140,856)(133,941)(130,974)(139,885)
Other undisclosed operating income (loss)(14,216)(46,127)32,975(41,317)(41,538)(41,564)
Operating income (loss):41,1657,82225,68919,206(34,048)(53,534)
Nonoperating income9,3128,47514,2454,06966768
Investment income, nonoperating6,1155,3263,8702,19277895
Other nonoperating income (expense)3,1973,14910,3751,877(111)(27)
Interest and debt expense(7,968)(11,780)57,289(19,321)(19,601)(19,723)
Income (loss) from continuing operations before equity method investments, income taxes:42,5094,51797,2233,954(52,982)(73,189)
Loss from equity method investments(1,153)(577)(1,429)(2,020)(2,439)(4,894)
Other undisclosed loss from continuing operations before income taxes(45,607)(47,931)(121,918)(30,608)(27,672)(23,925)
Loss from continuing operations before income taxes:(4,251)(43,991)(26,124)(28,674)(83,093)(102,008)
Income tax expense (benefit)(275)(572)473300(1,190)1,976
Loss from continuing operations:(4,526)(44,563)(25,651)(28,374)(84,283)(100,032)
Loss before gain (loss) on sale of properties:(28,374)(84,283)(100,032)
Net loss:(4,526)(44,563)(25,651)(28,374)(84,283)(100,032)
Net income (loss) attributable to noncontrolling interest16141415(135)19
Net loss available to common stockholders, diluted:(4,510)(44,549)(25,637)(28,359)(84,418)(100,013)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(4,526)(44,563)(25,651)(28,374)(84,283)(100,032)
Comprehensive loss:(4,526)(44,563)(25,651)(28,374)(84,283)(100,032)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest16141415(135)19
Comprehensive loss, net of tax, attributable to parent:(4,510)(44,549)(25,637)(28,359)(84,418)(100,013)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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