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)Annual | Quarterly
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 investments | 432,772 | 431,244 | 447,530 | 388,705 | 404,238 | 468,507 | |||
Cash and cash equivalents | 336,576 | 362,235 | 398,850 | 299,201 | 238,757 | 289,247 | |||
Short-term investments | 96,196 | 69,009 | 48,680 | 89,504 | 165,481 | 179,260 | |||
Restricted cash and investments | 34,823 | 29,374 | 27,735 | 37,258 | 29,946 | 24,791 | |||
Receivables | 48,222 | 52,618 | 55,761 | 51,548 | 49,544 | 49,952 | |||
Asset, held-for-sale, not part of disposal group | 23,555 | 3,658 | |||||||
Other undisclosed current assets | 101,294 | 129,640 | 106,067 | 103,923 | 103,738 | 107,988 | |||
Total current assets: | 617,111 | 666,431 | 637,093 | 581,434 | 587,466 | 654,896 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 31,000 | 93,200 | 98,400 | 307,800 | 315,400 | 335,600 | |||
Operating lease, right-of-use asset | 708,124 | 565,641 | 597,130 | 539,166 | 572,191 | 588,935 | |||
Long-term investments and receivables | 49,810 | 54,788 | 55,333 | 57,701 | 59,697 | 62,050 | |||
Long-term investments | 49,810 | 54,788 | 55,333 | 57,701 | 59,697 | 62,050 | |||
Intangible assets, net (including goodwill) | 27,321 | 27,321 | 27,321 | 27,321 | 27,321 | 27,321 | |||
Goodwill | 27,321 | 27,321 | 27,321 | 27,321 | 27,321 | 27,321 | |||
Restricted cash and investments | 37,183 | 45,133 | 47,963 | 58,358 | 59,839 | 64,455 | |||
Deferred income tax assets | 1,415 | 1,359 | 1,604 | 2,348 | 1,717 | 2,584 | |||
Other noncurrent assets | 35,533 | 32,184 | 34,916 | 25,637 | 20,422 | 20,692 | |||
Other undisclosed noncurrent assets | 4,397,238 | 4,399,802 | 4,437,302 | 4,494,188 | 4,524,243 | 4,538,444 | |||
Total noncurrent assets: | 5,287,624 | 5,219,428 | 5,299,969 | 5,512,519 | 5,580,830 | 5,640,081 | |||
TOTAL ASSETS: | 5,904,735 | 5,885,859 | 5,937,062 | 6,093,953 | 6,168,296 | 6,294,977 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 336,582 | 327,086 | 308,148 | 339,368 | 336,801 | 335,489 | |||
Accounts payable | 94,539 | 88,730 | 71,000 | 77,706 | 76,651 | 82,014 | |||
Accrued liabilities | 242,043 | 238,356 | 237,148 | 261,662 | 260,150 | 253,475 | |||
Debt | 54,733 | 112,394 | 90,102 | 84,620 | 291,337 | 236,310 | |||
Disposal group, including discontinued operation | 19,455 | ||||||||
Other undisclosed current liabilities | 257,858 | 248,341 | 242,955 | 233,015 | 225,875 | 221,099 | |||
Total current liabilities: | 649,173 | 707,276 | 641,205 | 657,003 | 854,013 | 792,898 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,911,551 | 3,990,603 | 4,008,900 | 4,862,066 | 4,712,455 | 4,818,036 | |||
Long-term debt, excluding current maturities | 3,760,560 | 3,772,254 | 3,784,099 | 3,758,929 | 3,565,819 | 3,640,784 | |||
Finance lease, liability | 150,991 | 218,349 | 224,801 | 522,924 | 526,601 | 529,681 | |||
Liabilities, other than long-term debt | 804,735 | 647,126 | 702,804 | 82,085 | 83,261 | 84,764 | |||
Other liabilities | 71,621 | 71,523 | 85,831 | 82,085 | 83,261 | 84,764 | |||
Operating lease, liability | 733,114 | 575,603 | 616,973 | 580,213 | 620,035 | 647,571 | |||
Total noncurrent liabilities: | 4,716,286 | 4,637,729 | 4,711,704 | 4,944,151 | 4,795,716 | 4,902,800 | |||
Total liabilities: | 5,365,459 | 5,345,005 | 5,352,909 | 5,601,154 | 5,649,729 | 5,695,698 | |||
Equity | |||||||||
Equity, attributable to parent | 537,758 | 539,320 | 582,605 | 491,237 | 516,230 | 597,077 | |||
Common stock | 1,988 | 1,988 | 1,978 | 1,978 | 1,978 | 1,978 | |||
Treasury stock, value | (102,774) | (102,774) | (102,774) | (102,774) | (102,774) | (102,774) | |||
Additional paid in capital | 4,336,504 | 4,333,556 | 4,332,302 | 4,215,297 | 4,211,931 | 4,208,360 | |||
Accumulated deficit | (3,697,960) | (3,693,450) | (3,648,901) | (3,623,264) | (3,594,905) | (3,510,487) | |||
Equity, attributable to noncontrolling interest | 1,518 | 1,534 | 1,548 | 1,562 | 2,337 | 2,202 | |||
Total equity: | 539,276 | 540,854 | 584,153 | 492,799 | 518,567 | 599,279 | |||
TOTAL LIABILITIES AND EQUITY: | 5,904,735 | 5,885,859 | 5,937,062 | 6,093,953 | 6,168,296 | 6,294,977 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 750,792 | 753,263 | 700,585 | 757,458 | 689,516 | 677,820 | ||
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) | 41,317 | 41,538 | 41,564 | ||
Gross profit: | 185,675 | 187,502 | 133,570 | 194,464 | 138,464 | 127,915 | ||
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): | 41,165 | 7,822 | 25,689 | 19,206 | (34,048) | (53,534) | ||
Nonoperating income | 9,312 | 8,475 | 14,245 | 4,069 | 667 | 68 | ||
Investment income, nonoperating | 6,115 | 5,326 | 3,870 | 2,192 | 778 | 95 | ||
Other nonoperating income (expense) | 3,197 | 3,149 | 10,375 | 1,877 | (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: | 42,509 | 4,517 | 97,223 | 3,954 | (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) | 473 | 300 | (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 interest | 16 | 14 | 14 | 15 | (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)Annual | Quarterly
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 interest | 16 | 14 | 14 | 15 | (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.