Brookdale Senior Living Inc. (BKD) financial statements (2020 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 291 | 413 | 514 | 216 | 88 | 104 | 59 | ||
| Cash and cash equivalents | 241 | 398 | 223 | 216 | 88 | 104 | 59 | ||
| Short-term investments | 50 | 15 | 292 | ||||||
| Restricted cash and investments | 33 | 28 | 37 | 33 | 33 | 38 | |||
| Receivables | 141 | 134 | 129 | 142 | 144 | 150 | 104 | ||
| Deferred costs | 0 | ||||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 76 | ||
| Deferred tax assets | ✕ | 84 | 18 | ||||||
| Other undisclosed current assets | 163 | 199 | 221 | 229 | 233 | 276 | |||
| Total current assets: | 629 | 774 | 902 | 620 | 498 | 615 | 295 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,222 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 5,186 | 5,275 | 5,852 | 7,379 | 8,031 | 8,390 | 3,895 | ||
| Long-term investments and receivables | 23 | 28 | 130 | 168 | 372 | 313 | 44 | ||
| Long-term investments | 23 | 28 | 130 | 168 | 372 | 313 | 44 | ||
| Intangible assets, net (including goodwill) | 154 | 206 | 574 | 788 | 855 | 771 | 234 | ||
| Goodwill | 154 | 154 | 506 | 705 | 726 | 737 | 110 | ||
| Intangible assets, net (excluding goodwill) | 51 | 68 | 83 | 129 | 34 | 125 | |||
| Restricted cash and investments | 41 | 24 | 23 | 28 | 33 | 56 | 58 | ||
| Other noncurrent assets | 78 | 160 | 195 | 235 | 259 | 256 | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 177 | ||
| Deferred tax assets, net | ✕ | (243) | (81) | ||||||
| Other undisclosed noncurrent assets | 43 | 364 | 115 | ||||||
| Total noncurrent assets: | 6,746 | 5,693 | 6,774 | 8,598 | 9,551 | 9,907 | 4,443 | ||
| TOTAL ASSETS: | 7,374 | 6,467 | 7,675 | 9,218 | 10,049 | 10,521 | 4,738 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 382 | 393 | 422 | 405 | 501 | 468 | 237 | ||
| Accounts payable | 106 | 95 | 92 | 77 | 128 | ||||
| Accrued liabilities | 276 | 298 | 330 | 328 | 373 | 423 | 209 | ||
| Taxes payable | 46 | 27 | |||||||
| Debt | 344 | 318 | 603 | 215 | 236 | 272 | 202 | ||
| Deferred revenue and credits | ✕ | ✕ | 68 | 107 | 99 | 102 | 388 | ||
| Other undisclosed current liabilities | 333 | 62 | 3 | 4 | 4 | 35 | 44 | ||
| Total current liabilities: | 1,058 | 773 | 1,096 | 731 | 840 | 878 | 871 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,229 | 4,197 | 4,540 | 5,830 | 5,887 | 5,894 | 2,405 | ||
| Long-term debt, excluding current maturities | 3,229 | 3,346 | 3,375 | 3,414 | 3,459 | 3,357 | 2,405 | ||
| Finance lease, liability | 795 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | 851 | 1,164 | 2,416 | 2,427 | 2,537 | |||
| Operating lease, liability | 1,320 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (2,115) | ||||||||
| Liabilities, other than long-term debt | 172 | 310 | 387 | 324 | 302 | 537 | 275 | ||
| Deferred revenue and credits | ✕ | ✕ | 6 | 87 | |||||
| Deferred tax liabilities, net | ✕ | 18 | 71 | 81 | 69 | 243 | 81 | ||
| Deferred income tax liabilities | 17 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 155 | 197 | 215 | 231 | 217 | 268 | 88 | ||
| Self insurance reserve | 95 | 102 | 12 | 16 | 20 | 19 | |||
| Other undisclosed noncurrent liabilities | 2,122 | 168 | 123 | 255 | 561 | 331 | 166 | ||
| Total noncurrent liabilities: | 5,522 | 4,676 | 5,049 | 6,409 | 6,750 | 6,761 | 2,846 | ||
| Total liabilities: | 6,580 | 5,449 | 6,145 | 7,140 | 7,590 | 7,639 | 3,717 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 788 | 1,019 | 1,531 | 2,078 | 2,459 | 2,882 | 1,021 | ||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | 1 | ||
| Treasury stock, value | (79) | (65) | (56) | (56) | (47) | (47) | (47) | ||
| Additional paid in capital | 4,167 | 4,151 | 4,127 | 4,102 | 4,069 | 4,035 | 2,025 | ||
| Accumulated deficit | (3,302) | (3,069) | (2,541) | (1,970) | (1,565) | (1,108) | (959) | ||
| Stockholders' equity attributable to noncontrolling interest | 5 | (0) | (0) | (0) | (0) | 1 | |||
| Total stockholders' equity: | 794 | 1,018 | 1,530 | 2,078 | 2,459 | 2,882 | 1,021 | ||
| TOTAL LIABILITIES AND EQUITY: | 7,374 | 6,467 | 7,675 | 9,218 | 10,049 | 10,521 | 4,738 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,139 | 4,531 | 4,747 | 4,977 | 4,961 | 3,832 | 2,892 | |
| Revenue, net | ✕ | ✕ | 4,747 | 4,977 | 4,961 | 3,832 | 2,892 | |
| Cost of revenue | (3,526) | (3,929) | (3,924) | (3,922) | (3,956) | (3,202) | (2,294) | |
| Cost of goods and services sold | (359) | (407) | (3,924) | (3,537) | (3,512) | (3,202) | (2,256) | |
| Other undisclosed gross profit | 289 | 465 | 430 | |||||
| Gross profit: | 903 | 1,068 | 1,254 | 1,055 | 1,005 | 630 | 597 | |
| Operating expenses | (661) | (1,197) | (1,170) | (1,086) | (1,170) | (894) | (466) | |
| Other undisclosed operating income (loss) | (289) | (465) | (354) | 179 | ||||
| Operating income (loss): | (48) | (594) | (270) | (31) | (165) | (85) | 131 | |
| Nonoperating income | 26 | 24 | 16 | 18 | 11 | 9 | 5 | |
| Investment income, nonoperating | 10 | 10 | 5 | 3 | 2 | 1 | 2 | |
| Other nonoperating income | 16 | 14 | 11 | 15 | 10 | 7 | 3 | |
| Interest and debt expense | 49 | (12) | (12) | (211) | (218) | (116) | (1) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 28 | (582) | (266) | (225) | (372) | (193) | 135 | |
| Income (loss) from equity method investments | (5) | (9) | (15) | 2 | (1) | 0 | 1 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (100) | 13 | (307) | (176) | (178) | (138) | (138) | |
| Loss from continuing operations before income taxes: | (78) | (578) | (588) | (399) | (550) | (331) | (2) | |
| Income tax expense (benefit) | 32 | 49 | 17 | (5) | 92 | 181 | (2) | |
| Net loss: | (46) | (528) | (572) | (405) | (458) | (149) | (4) | |
| Net income (loss) attributable to noncontrolling interest | 1 | 0 | 0 | (0) | (1) | (0) | ||
| Other undisclosed net income attributable to parent | 0 | 1 | 1 | |||||
| Net loss available to common stockholders, diluted: | (45) | (528) | (571) | (404) | (457) | (149) | (4) | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (46) | (528) | (572) | (405) | (458) | (149) | (4) | |
| Comprehensive loss: | (46) | (528) | (572) | (405) | (458) | (149) | (4) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | 0 | 0 | (0) | (1) | 0 | ||
| Comprehensive loss, net of tax, attributable to parent: | (45) | (528) | (571) | (405) | (459) | (149) | (4) | |
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.