2019 Q1 Form 10-Q Financial Statement

#000133234919000064 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $1.042B $1.187B
YoY Change -12.23% -2.43%
Cost Of Revenue $802.9M $894.6M
YoY Change -10.25% 4.21%
Gross Profit $239.1M $292.6M
YoY Change -18.28% -18.33%
Gross Profit Margin 22.95% 24.65%
Selling, General & Admin $125.0M $161.8M
YoY Change -22.74% -0.12%
% of Gross Profit 52.27% 55.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.87M $118.2M
YoY Change -17.21% -9.12%
% of Gross Profit 40.93% 40.4%
Operating Expenses $221.9M $276.1M
YoY Change -19.63% -4.6%
Operating Profit $16.66M -$413.8M
YoY Change -104.03% -959.89%
Interest Expense -$60.80M -$73.80M
YoY Change -17.62% -19.34%
% of Operating Profit -364.92%
Other Income/Expense, Net $2.988M $2.586M
YoY Change 15.55% 55.6%
Pretax Income -$41.93M -$441.6M
YoY Change -90.51% 943.27%
Income Tax $679.0K $15.59M
% Of Pretax Income
Net Earnings -$42.60M -$457.2M
YoY Change -90.68% 261.97%
Net Earnings / Revenue -4.09% -38.51%
Basic Earnings Per Share -$0.23
Diluted Earnings Per Share -$0.23 -$2.446M
COMMON SHARES
Basic Shares Outstanding 186.7M shares 186.6M shares
Diluted Shares Outstanding 186.7M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $340.0M $510.0M
YoY Change -33.33% 764.41%
Cash & Equivalents $256.5M $335.4M
Short-Term Investments $84.00M $175.0M
Other Short-Term Assets $272.0M $257.0M
YoY Change 5.84% -6.88%
Inventory
Prepaid Expenses
Receivables $138.5M $125.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $750.6M $892.1M
YoY Change -15.86% 88.31%
LONG-TERM ASSETS
Property, Plant & Equipment $5.236B $5.775B
YoY Change -9.34% -11.31%
Goodwill $154.1M $154.1M
YoY Change 0.0% -78.32%
Intangibles $45.93M $60.66M
YoY Change -24.28%
Long-Term Investments $28.00M $78.00M
YoY Change -64.1% -61.58%
Other Assets $81.53M $199.5M
YoY Change -59.13% -11.15%
Total Long-Term Assets $6.880B $6.295B
YoY Change 9.29% -18.92%
TOTAL ASSETS
Total Short-Term Assets $750.6M $892.1M
Total Long-Term Assets $6.880B $6.295B
Total Assets $7.631B $7.187B
YoY Change 6.17% -12.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $85.00M $73.00M
YoY Change 16.44% 14.06%
Accrued Expenses $262.6M $310.0M
YoY Change -15.29% 6.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $454.9M $535.5M
YoY Change -15.06% 206.48%
Total Short-Term Liabilities $1.102B $1.064B
YoY Change 3.52% 50.68%
LONG-TERM LIABILITIES
Long-Term Debt $3.188B $3.343B
YoY Change -4.63% -1.37%
Other Long-Term Liabilities $157.3M $213.5M
YoY Change -26.32% -3.49%
Total Long-Term Liabilities $3.345B $3.556B
YoY Change -5.93% -1.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.102B $1.064B
Total Long-Term Liabilities $3.345B $3.556B
Total Liabilities $6.713B $6.108B
YoY Change 9.91% -2.79%
SHAREHOLDERS EQUITY
Retained Earnings -$3.168B -$2.998B
YoY Change 5.66% 43.03%
Common Stock $2.000M $1.938M
YoY Change 3.2% 1.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $70.94M $56.44M
YoY Change 25.69% 0.0%
Treasury Stock Shares 5.392M shares 3.178M shares
Shareholders Equity $918.1M $1.080B
YoY Change
Total Liabilities & Shareholders Equity $7.631B $7.187B
YoY Change 6.17% -12.75%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$42.60M -$457.2M
YoY Change -90.68% 261.97%
Depreciation, Depletion And Amortization $97.87M $118.2M
YoY Change -17.21% -9.12%
Cash From Operating Activities -$5.009M $37.96M
YoY Change -113.19% -43.14%
INVESTING ACTIVITIES
Capital Expenditures $60.06M $66.59M
YoY Change -9.82% 36.1%
Acquisitions $27.33M
YoY Change
Other Investing Activities -$40.00M $0.00
YoY Change -100.0%
Cash From Investing Activities -$100.1M $91.16M
YoY Change -209.78% -145.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.956M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$16.64M -$16.10M
YoY Change 3.3% -31.65%
NET CHANGE
Cash From Operating Activities -$5.009M $37.96M
Cash From Investing Activities -$100.1M $91.16M
Cash From Financing Activities -$16.64M -$16.10M
Net Change In Cash -$121.7M $113.0M
YoY Change -207.7% -172.2%
FREE CASH FLOW
Cash From Operating Activities -$5.009M $37.96M
Capital Expenditures $60.06M $66.59M
Free Cash Flow -$65.06M -$28.63M
YoY Change 127.27% -260.43%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Brookdale Senior Living Inc. ("Brookdale" or the "Company") is an operator of senior living communities throughout the United States.&#160;The Company is committed to providing senior living solutions primarily within properties that are designed, purpose-built, and operated to provide quality service, care, and living accommodations for residents.&#160;The Company operates and manages independent living, assisted living, memory care, and continuing care retirement communities ("CCRCs").&#160;The Company also offers a range of home health, hospice, and outpatient therapy services to residents of many of its communities and to seniors living outside of its communities.</font></div></div>

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