Brookdale Senior Living Inc. (BKD) financial statements (2022 and earlier)
Company profile
| Business Address |
111 WESTWOOD PLACE BRENTWOOD, TN 37027 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 805 - Nursing And Personal Care Facilities (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 529 | 553 | 309 | 413 | 514 | 216 | 88 | ||
| Cash and cash equivalents | 347 | 380 | 240 | 398 | 223 | 216 | 88 | ||
| Short-term investments | 182 | 173 | 69 | 15 | 292 | ||||
| Restricted cash and investments | 27 | 28 | 27 | 28 | 37 | 33 | 33 | ||
| Receivables | 51 | 109 | 134 | 134 | 129 | 142 | 144 | ||
| Other undisclosed current assets | 92 | 83 | 127 | 199 | 221 | 229 | 233 | ||
| Total current assets: | 699 | 774 | 596 | 774 | 902 | 620 | 498 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 332 | 400 | 600 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 630 | 788 | 1,160 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 5,275 | 5,852 | 7,379 | 8,031 | |||||
| Long-term investments and receivables | 67 | 5 | 21 | 28 | 130 | 168 | 372 | ||
| Long-term investments | 67 | 5 | 21 | 28 | 130 | 168 | 372 | ||
| Intangible assets, net (including goodwill) | 27 | 154 | 162 | 206 | 574 | 788 | 855 | ||
| Goodwill | 27 | 154 | 154 | 154 | 506 | 705 | 726 | ||
| Intangible assets, net (excluding goodwill) | 7 | 51 | 68 | 83 | 129 | ||||
| Restricted cash and investments | 64 | 57 | 35 | 24 | 23 | 28 | 33 | ||
| Deferred income tax assets | 0 | ✕ | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 17 | 56 | 84 | 160 | 195 | 235 | 259 | ||
| Other undisclosed noncurrent assets | 4,572 | 4,668 | 4,538 | ||||||
| Total noncurrent assets: | 5,711 | 6,128 | 6,598 | 5,693 | 6,774 | 8,598 | 9,551 | ||
| TOTAL ASSETS: | 6,410 | 6,902 | 7,194 | 6,467 | 7,675 | 9,218 | 10,049 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 331 | 359 | 371 | 393 | 422 | 405 | 501 | ||
| Accounts payable | 76 | 71 | 105 | 95 | 92 | 77 | 128 | ||
| Accrued liabilities | 255 | 288 | 267 | 298 | 330 | 328 | 373 | ||
| Debt | 85 | 69 | 339 | 318 | 603 | 215 | 236 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 68 | 107 | 99 | ||
| Other undisclosed current liabilities | 216 | 263 | 336 | 62 | 3 | 4 | 4 | ||
| Total current liabilities: | 632 | 691 | 1,047 | 773 | 1,096 | 731 | 840 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 4,992 | 3,847 | 3,216 | 4,197 | 4,540 | 5,830 | 5,887 | ||
| Long-term debt, excluding current maturities | 3,778 | 3,847 | 3,216 | 3,346 | 3,375 | 3,414 | 3,459 | ||
| Finance lease, liability | 532 | 544 | 771 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 851 | 1,164 | 2,416 | 2,427 | ||
| Operating lease, liability | 682 | 819 | 1,277 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (1,363) | (2,049) | |||||||
| Liabilities, other than long-term debt | 87 | 286 | 269 | 310 | 387 | 324 | 302 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 18 | 71 | 81 | 69 | ||
| Deferred income tax liabilities | 10 | 15 | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 87 | 188 | 161 | 197 | 215 | 231 | 217 | ||
| Self insurance reserve | 88 | 93 | 95 | 102 | 12 | 16 | |||
| Other undisclosed noncurrent liabilities | 1,275 | 1,964 | 168 | 123 | 255 | 561 | |||
| Total noncurrent liabilities: | 5,079 | 5,408 | 5,449 | 4,676 | 5,049 | 6,409 | 6,750 | ||
| Total liabilities: | 5,711 | 6,099 | 6,496 | 5,449 | 6,145 | 7,140 | 7,590 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 697 | 800 | 696 | 1,019 | 1,531 | 2,078 | 2,459 | ||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Treasury stock, value | (103) | (103) | (85) | (65) | (56) | (56) | (47) | ||
| Additional paid in capital | 4,209 | 4,212 | 4,172 | 4,151 | 4,127 | 4,102 | 4,069 | ||
| Accumulated deficit | (3,410) | (3,311) | (3,393) | (3,069) | (2,541) | (1,970) | (1,565) | ||
| Stockholders' equity attributable to noncontrolling interest | 2 | 2 | 2 | (0) | (0) | (0) | (0) | ||
| Total stockholders' equity: | 700 | 803 | 699 | 1,018 | 1,530 | 2,078 | 2,459 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,410 | 6,902 | 7,194 | 6,467 | 7,675 | 9,218 | 10,049 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,758 | 3,540 | 4,057 | 4,531 | 4,747 | 4,977 | 4,961 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 4,747 | 4,977 | 4,961 | |
| Cost of revenue | (2,430) | (2,965) | (3,454) | (3,929) | (3,924) | (3,922) | (3,956) | |
| Cost of goods and services sold | (314) | (335) | (349) | (407) | (3,924) | (3,537) | (3,512) | |
| Other undisclosed gross profit | 172 | 222 | 273 | 465 | 430 | |||
| Gross profit: | 501 | 797 | 877 | 1,068 | 1,254 | 1,055 | 1,005 | |
| Operating expenses | (546) | (673) | (648) | (1,197) | (1,170) | (1,086) | (1,170) | |
| Other undisclosed operating loss | (172) | (222) | (273) | (465) | (354) | |||
| Operating loss: | (217) | (98) | (44) | (594) | (270) | (31) | (165) | |
| Nonoperating income | 7 | 10 | 25 | 24 | 16 | 18 | 11 | |
| Investment income, nonoperating | 1 | 5 | 10 | 10 | 5 | 3 | 2 | |
| Other nonoperating income | 6 | 6 | 15 | 14 | 11 | 15 | 10 | |
| Interest and debt expense | (2) | 11 | (5) | (12) | (12) | (211) | (218) | |
| Loss from continuing operations before equity method investments, income taxes: | (212) | (76) | (25) | (582) | (266) | (225) | (372) | |
| Income (loss) from equity method investments | 10 | (2) | (5) | (9) | (15) | 2 | (1) | |
| Other undisclosed income (loss) from continuing operations before income taxes | 94 | 166 | (241) | 13 | (307) | (176) | (178) | |
| Income (loss) from continuing operations before income taxes: | (108) | 87 | (271) | (578) | (588) | (399) | (550) | |
| Income tax expense (benefit) | 8 | (5) | 2 | 49 | 17 | (5) | 92 | |
| Net income (loss): | (99) | 82 | (268) | (528) | (572) | (405) | (458) | |
| Net income (loss) attributable to noncontrolling interest | 0 | 0 | 1 | 0 | 0 | (0) | (1) | |
| Other undisclosed net income attributable to parent | 0 | 1 | ||||||
| Net income (loss) available to common stockholders, basic: | (99) | 82 | (268) | (528) | (571) | (404) | (457) | |
| Dilutive securities, effect on basic earnings per share | 1 | |||||||
| Net income (loss) available to common stockholders, diluted: | (99) | 83 | (268) | (528) | (571) | (404) | (457) | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (99) | 82 | (268) | (528) | (572) | (405) | (458) | |
| Comprehensive income (loss): | (99) | 82 | (268) | (528) | (572) | (405) | (458) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | 0 | 1 | 0 | 0 | (0) | (1) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (99) | 82 | (268) | (528) | (571) | (405) | (459) | |
Statements sources
The financial statements are based on the company's filings with the 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.