2021 Q4 Form 10-K Financial Statement

#000133234922000043 Filed on February 15, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $643.9M $2.758B $852.2M
YoY Change -24.45% -22.09% -13.63%
Cost Of Revenue $523.1M $2.257B $663.0M
YoY Change -21.1% -17.71% -14.5%
Gross Profit $120.8M $501.0M $189.2M
YoY Change -36.16% -37.16% -10.46%
Gross Profit Margin 18.76% 18.16% 22.2%
Selling, General & Admin $81.61M $359.3M $90.90M
YoY Change -10.22% -16.56% -20.96%
% of Gross Profit 67.56% 71.72% 48.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $87.03M $345.1M $89.40M
YoY Change -2.65% -5.63% -6.97%
% of Gross Profit 72.05% 68.88% 47.25%
Operating Expenses $167.2M $696.9M $178.4M
YoY Change -6.29% -11.78% -15.05%
Operating Profit -$46.39M -$216.9M $10.80M
YoY Change -529.54% 122.06% -125.03%
Interest Expense -$49.36M $195.1M -$50.20M
YoY Change -1.67% -6.53% -15.2%
% of Operating Profit -464.81%
Other Income/Expense, Net $740.0K $5.903M $1.100M
YoY Change -32.73% 4.51% -77.08%
Pretax Income -$105.1M -$107.5M -$46.30M
YoY Change 127.05% -223.17% -50.27%
Income Tax -$23.40M -$8.163M -$2.200M
% Of Pretax Income
Net Earnings -$81.70M -$99.29M -$44.10M
YoY Change 85.27% -221.06% -51.75%
Net Earnings / Revenue -12.69% -3.6% -5.17%
Basic Earnings Per Share -$0.54
Diluted Earnings Per Share -$440.7K -$0.54 -$236.5K
COMMON SHARES
Basic Shares Outstanding 185.4M shares 185.0M shares 183.4M shares
Diluted Shares Outstanding 185.0M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $529.4M $529.4M $553.0M
YoY Change -4.26% -4.26% 78.96%
Cash & Equivalents $347.0M $347.0M $380.4M
Short-Term Investments $182.4M $182.4M $173.0M
Other Short-Term Assets $118.4M $118.4M $111.0M
YoY Change 6.7% 6.7% -27.92%
Inventory
Prepaid Expenses
Receivables $51.14M $51.14M $109.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $699.0M $699.0M $773.6M
YoY Change -9.64% -9.69% 29.76%
LONG-TERM ASSETS
Property, Plant & Equipment $5.535B $5.535B $5.856B
YoY Change -5.49% -5.49% -6.6%
Goodwill $27.32M $154.1M
YoY Change -82.27% 0.0%
Intangibles $34.06M
YoY Change -3.23%
Long-Term Investments $67.42M $67.42M $5.000M
YoY Change 1248.48% 1248.48% -76.19%
Other Assets $17.30M $82.01M $56.26M
YoY Change -69.26% -27.42% -52.62%
Total Long-Term Assets $5.711B $5.711B $6.128B
YoY Change -6.8% -6.8% -7.12%
TOTAL ASSETS
Total Short-Term Assets $699.0M $699.0M $773.6M
Total Long-Term Assets $5.711B $5.711B $6.128B
Total Assets $6.410B $6.410B $6.902B
YoY Change -7.12% -7.12% -4.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $76.13M $76.13M $71.00M
YoY Change 7.22% 7.22% -32.38%
Accrued Expenses $254.8M $369.9M $287.9M
YoY Change -11.47% -6.11% 7.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $63.13M $85.28M $68.89M
YoY Change -8.36% -3.1% -79.7%
Total Short-Term Liabilities $632.0M $632.0M $690.7M
YoY Change -8.51% -8.55% -34.03%
LONG-TERM LIABILITIES
Long-Term Debt $3.778B $4.310B $3.847B
YoY Change -1.79% -1.84% 19.63%
Other Long-Term Liabilities $86.79M $768.7M $188.4M
YoY Change -53.94% -23.74% 11.49%
Total Long-Term Liabilities $3.865B $5.079B $4.036B
YoY Change -4.23% -5.93% 19.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $632.0M $632.0M $690.7M
Total Long-Term Liabilities $3.865B $5.079B $4.036B
Total Liabilities $5.711B $5.713B $6.099B
YoY Change -6.36% -6.36% -6.11%
SHAREHOLDERS EQUITY
Retained Earnings -$3.410B -$3.311B
YoY Change 3.0% -2.41%
Common Stock $1.975M $1.983M
YoY Change -0.4% -0.65%
Preferred Stock
YoY Change
Treasury Stock (at cost) $102.8M $102.8M
YoY Change 0.0% 21.41%
Treasury Stock Shares 10.53M shares 10.53M shares
Shareholders Equity $697.4M $697.4M $800.4M
YoY Change
Total Liabilities & Shareholders Equity $6.410B $6.410B $6.902B
YoY Change -7.12% -7.12% -4.07%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$81.70M -$99.29M -$44.10M
YoY Change 85.27% -221.06% -51.75%
Depreciation, Depletion And Amortization $87.03M $345.1M $89.40M
YoY Change -2.65% -5.63% -6.97%
Cash From Operating Activities -$81.39M -$94.63M $73.40M
YoY Change -210.88% -146.02% -16.69%
INVESTING ACTIVITIES
Capital Expenditures -$50.84M $176.7M -$45.20M
YoY Change 12.48% -4.96% -53.78%
Acquisitions
YoY Change
Other Investing Activities $30.57M $358.1M -$35.90M
YoY Change -185.15% 53.7% -258.85%
Cash From Investing Activities -$20.27M $181.5M -$81.10M
YoY Change -75.0% -142.68% 7.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.93M -$113.7M -20.30M
YoY Change 86.83% -129.68% -23.68%
NET CHANGE
Cash From Operating Activities -81.39M -$94.63M 73.40M
Cash From Investing Activities -20.27M $181.5M -81.10M
Cash From Financing Activities -37.93M -$113.7M -20.30M
Net Change In Cash -139.6M -$26.83M -28.00M
YoY Change 398.52% -116.42% 105.88%
FREE CASH FLOW
Cash From Operating Activities -$81.39M -$94.63M $73.40M
Capital Expenditures -$50.84M $176.7M -$45.20M
Free Cash Flow -$30.55M -$271.3M $118.6M
YoY Change -125.76% -1471.68% -36.2%

Facts In Submission

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301697000 USD
CY2021 us-gaap Nature Of Operations
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Description of Business<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Brookdale Senior Living Inc. ("Brookdale" or the "Company") is an operator of 679 senior living communities throughout the United States. The Company is committed to its mission of enriching the lives of the people it serves with compassion, respect, excellence, and integrity. The Company operates and manages independent living, assisted living, memory care, and continuing care retirement communities ("CCRCs"). The Company's senior living communities and its comprehensive network help to provide seniors with care and services in an environment that feels like home.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2021, the Company owned 347 communities, representing a majority of the Company's consolidated community portfolio, leased 299 communities, and managed 33 communities. As of such date, the Company has three reportable segments: Independent Living; Assisted Living and Memory Care; and CCRCs. On July 1, 2021, the Company sold 80% of its equity in its Health Care Services segment, an additional reportable segment prior to that date, as described in Note 4. The accompanying consolidated financial statements include the financial position, results of operations, and cash flows of the Health Care Services segment through June 30, 2021. For periods beginning July 1, 2021, the results and financial position of the Health Care Services segment were deconsolidated from the Company's consolidated financial statements and its 20% equity interest in the Health Care Services venture (the "HCS Venture") is accounted for under the equity method of accounting.</span></div>
CY2021Q4 bkd Number Of Senior Living Communities
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679 community
CY2021 us-gaap Number Of Reportable Segments
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3 segment
CY2021 us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, revenue, other operating income, asset impairments, self-insurance reserves, performance-based compensation, the allowance for credit losses, depreciation and amortization, leasing transactions, income taxes, and other contingencies. Although these estimates are based on management's best knowledge of current events and actions that the Company may undertake in the future, actual results may differ from the original estimates.</span></div>
CY2021 bkd Term Of Residency Agreements Minimum
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P30D
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P1Y
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0.425
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0.452
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0.014
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.024
bkd Facility Operating Expense Covid19
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173200000 USD
CY2021 bkd Facility Operating Expense Covid19
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47700000 USD
CY2020 bkd Facility Operating Expense Covid19
FacilityOperatingExpenseCOVID19
125500000 USD
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1700000 USD
CY2020 bkd Revenue From Government Grants
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5900000 USD
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1 entryFee
CY2021Q4 bkd Contract With Customer Liability Deferred Revenue Monthly Resident Fees
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27500000 USD
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21100000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
60200000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
60600000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
94600000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
8718743000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
8558158000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
3814451000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
3490098000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
4904292000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
5068060000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
332300000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
363100000 USD
CY2021 bkd Depreciation And Amortization Expense For Plant And Equipment And Leasehold Intangibles
DepreciationAndAmortizationExpenseForPlantAndEquipmentAndLeaseholdIntangibles
337600000 USD
CY2020 bkd Depreciation And Amortization Expense For Plant And Equipment And Leasehold Intangibles
DepreciationAndAmortizationExpenseForPlantAndEquipmentAndLeaseholdIntangibles
359200000 USD
CY2019 bkd Depreciation And Amortization Expense For Plant And Equipment And Leasehold Intangibles
DepreciationAndAmortizationExpenseForPlantAndEquipmentAndLeaseholdIntangibles
377600000 USD
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
633610000 USD
CY2021Q4 bkd Goodwill Disposals And Other Reductions
GoodwillDisposalsAndOtherReductions
49637000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
556652000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
27321000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
760420000 USD
CY2020Q4 bkd Goodwill Disposals And Other Reductions
GoodwillDisposalsAndOtherReductions
49637000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
556652000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
154131000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-29846000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-27500000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3841212000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3915988000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
63125000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
68885000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3778087000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3847103000 USD
CY2021Q4 bkd Debt Instrument Percentage Of Total Debt
DebtInstrumentPercentageOfTotalDebt
0.941
CY2021Q4 bkd Debt Weighted Average Interest Rate Year One
DebtWeightedAverageInterestRateYearOne
0.0354
CY2021Q4 bkd Debt Weighted Average Interest Rate Year Two
DebtWeightedAverageInterestRateYearTwo
0.0349
CY2021Q4 bkd Debt Weighted Average Interest Rate Year Three
DebtWeightedAverageInterestRateYearThree
0.0429
CY2021Q4 bkd Debt Weighted Average Interest Rate Year Four
DebtWeightedAverageInterestRateYearFour
0.0281
CY2021Q4 bkd Debt Weighted Average Interest Rate Year Five
DebtWeightedAverageInterestRateYearFive
0.0238
CY2021Q4 bkd Debt Weighted Average Interest Rate After Year Five
DebtWeightedAverageInterestRateAfterYearFive
0.0343
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0337
CY2021Q4 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
45000000 USD
CY2021Q4 bkd Operatingand Financing Leases Number Of Communities
OperatingandFinancingLeasesNumberOfCommunities
299 community
CY2021Q4 bkd Operating Leases Number Of Communities
OperatingLeasesNumberOfCommunities
233 lease
CY2021Q4 bkd Financing Leases Number Of Communities
FinancingLeasesNumberOfCommunities
66 lease
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2021 bkd Operating Lease Facility Operating Expense
OperatingLeaseFacilityOperatingExpense
12606000 USD
CY2020 bkd Operating Lease Facility Operating Expense
OperatingLeaseFacilityOperatingExpense
19241000 USD
CY2019 bkd Operating Lease Facility Operating Expense
OperatingLeaseFacilityOperatingExpense
18677000 USD
CY2021 bkd Operating Lease Facility Expense
OperatingLeaseFacilityExpense
174358000 USD
CY2020 bkd Operating Lease Facility Expense
OperatingLeaseFacilityExpense
224033000 USD
CY2019 bkd Operating Lease Facility Expense
OperatingLeaseFacilityExpense
269666000 USD
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
186964000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
243274000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
288343000 USD
CY2021 bkd Operating Lease Expense Adjustment
OperatingLeaseExpenseAdjustment
23280000 USD
CY2020 bkd Operating Lease Expense Adjustment
OperatingLeaseExpenseAdjustment
136276000 USD
CY2019 bkd Operating Lease Expense Adjustment
OperatingLeaseExpenseAdjustment
19453000 USD
CY2021 bkd Increase Decrease In Operating Lease Assets And Liabilities For Lessor Capital Expenditure Reimbursements
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesForLessorCapitalExpenditureReimbursements
-30965000 USD
CY2020 bkd Increase Decrease In Operating Lease Assets And Liabilities For Lessor Capital Expenditure Reimbursements
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesForLessorCapitalExpenditureReimbursements
-22242000 USD
CY2019 bkd Increase Decrease In Operating Lease Assets And Liabilities For Lessor Capital Expenditure Reimbursements
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesForLessorCapitalExpenditureReimbursements
-31305000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
179279000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
357308000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
276491000 USD
CY2020 bkd Payments For Lease Restructuring
PaymentsForLeaseRestructuring
119200000 USD
CY2021 bkd Finance Lease Rightof Use Asset Depreciationand Amortization
FinanceLeaseRightofUseAssetDepreciationandAmortization
30542000 USD
CY2020 bkd Finance Lease Rightof Use Asset Depreciationand Amortization
FinanceLeaseRightofUseAssetDepreciationandAmortization
32647000 USD
CY2019 bkd Finance Lease Rightof Use Asset Depreciationand Amortization
FinanceLeaseRightofUseAssetDepreciationandAmortization
46646000 USD
CY2021 bkd Finance Lease Rightof Use Asset Interest Expense
FinanceLeaseRightofUseAssetInterestExpense
46282000 USD
CY2020 bkd Finance Lease Rightof Use Asset Interest Expense
FinanceLeaseRightofUseAssetInterestExpense
48534000 USD
CY2019 bkd Finance Lease Rightof Use Asset Interest Expense
FinanceLeaseRightofUseAssetInterestExpense
66353000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
76824000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
81181000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
112999000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
46282000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
48534000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
66353000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
19874000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
18867000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
22242000 USD
CY2021 bkd Increase Decrease In Finance Lease Assets And Liabilities For Lessor Capital Expenditure Reimbursements
IncreaseDecreaseInFinanceLeaseAssetsAndLiabilitiesForLessorCapitalExpenditureReimbursements
-11135000 USD
CY2020 bkd Increase Decrease In Finance Lease Assets And Liabilities For Lessor Capital Expenditure Reimbursements
IncreaseDecreaseInFinanceLeaseAssetsAndLiabilitiesForLessorCapitalExpenditureReimbursements
-5603000 USD
CY2019 bkd Increase Decrease In Finance Lease Assets And Liabilities For Lessor Capital Expenditure Reimbursements
IncreaseDecreaseInFinanceLeaseAssetsAndLiabilitiesForLessorCapitalExpenditureReimbursements
-3504000 USD
CY2021 bkd Financing Lease Payments
FinancingLeasePayments
55021000 USD
CY2020 bkd Financing Lease Payments
FinancingLeasePayments
61798000 USD
CY2019 bkd Financing Lease Payments
FinancingLeasePayments
85091000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.072
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.080
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
204702000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
68101000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
193070000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
68840000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
193796000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
70044000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
191439000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
59413000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
76228000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
60659000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
206388000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
52881000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1065623000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
379938000 USD
CY2021Q4 bkd Operating Lease Liability Option To Purchase And Non Cash Gain On Future Sale Of Property
OperatingLeaseLiabilityOptionToPurchaseAndNonCashGainOnFutureSaleOfProperty
0 USD
CY2021Q4 bkd Finance Lease Liability Option To Purchase And Non Cash Gain On Future Saleof Property
FinanceLeaseLiabilityOptionToPurchaseAndNonCashGainOnFutureSaleofProperty
418542000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
235105000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
244193000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
830518000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
554287000 USD
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
60601000 USD
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
65310000 USD
CY2021Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
55309000 USD
CY2020Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
64633000 USD
CY2021Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
31553000 USD
CY2020Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
36336000 USD
CY2021Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
26821000 USD
CY2020Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
37848000 USD
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
25826000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
25495000 USD
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
11239000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
11453000 USD
CY2021Q4 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
7430000 USD
CY2020Q4 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
7507000 USD
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1978000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3806000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
34074000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
35463000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
254831000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
287851000 USD
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
130700000 USD
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
153000000 USD
CY2021Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
75400000 USD
CY2020Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
88400000 USD
CY2021Q4 us-gaap Loss Contingency Receivable
LossContingencyReceivable
14300000 USD
CY2020Q4 us-gaap Loss Contingency Receivable
LossContingencyReceivable
18000000 USD
CY2021Q4 bkd Self Insurance Reserves Cash Deposits For Self Insured Retention Risk
SelfInsuranceReservesCashDepositsForSelfInsuredRetentionRisk
15800000 USD
CY2020Q4 bkd Self Insurance Reserves Cash Deposits For Self Insured Retention Risk
SelfInsuranceReservesCashDepositsForSelfInsuredRetentionRisk
15800000 USD
CY2021Q4 bkd Cash And Letters Of Credit For Self Insured Retention Risk
CashAndLettersOfCreditForSelfInsuredRetentionRisk
62100000 USD
CY2020Q4 bkd Cash And Letters Of Credit For Self Insured Retention Risk
CashAndLettersOfCreditForSelfInsuredRetentionRisk
61300000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
5756000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
11.78
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
4381000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.81
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1571000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
13.71
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1314000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
11.18
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
7252000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
9.08
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
4603000 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.92
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
2073000 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
10.19
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1277000 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
8.83
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
8505000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
7.68
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1998000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.12
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
2641000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
8.40
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
2851000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
6.77
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
5011000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.80
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
20400000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-99290000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
82019000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-267931000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184975000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183498000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
185907000 shares
CY2021 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2020 us-gaap Dilutive Securities
DilutiveSecurities
888000 USD
CY2019 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184975000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184386000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
185907000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.54
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.44
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.54
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.44
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
59600000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8400000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7500000 shares
CY2021 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Repurchases under the share repurchase program were as follows. </span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:63.958%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:16.005%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:16.007%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">For the Years Ended December 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(amounts in thousands, except per share amounts)</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total number of shares repurchased</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,063 </span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,005 </span></td><td style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average price paid per share</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.92 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.56 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Aggregate purchase price</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,123 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New 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