Brookdale Senior Living Inc.

Listed Company

BKDCIK 0001332349NYSELarge AcceleratedServices-Nursing & Personal Care FacilitiesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.19B

Net Income

$-262.69M

Total Assets

$5.95B

Equity

$-44.75M

Shares Out

237.79M

Op. Cash Flow

$218.03M

Business

Brookdale Senior Living Inc. operates and manages senior living communities across the United States. It provides independent living, assisted living, memory care, continuing care retirement communities (CCRCs), and related services including clinical care coordination, dining, wellness programs, concierge and private duty services. The company reports three primary segments: Independent Living; Assisted Living and Memory Care; and CCRCs, and also offers management services for third‑party owners. Brookdale distributes its services through a nationwide portfolio of owned, leased, and managed communities in 41 states and partnerships with healthcare referral sources.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue and other operating income	3,194	3,125	3,016	2,825	2,758
Facility operating expense (excluding facility depreciation and amortization of $336,897, $330,664, and $317,581, respectively)	2,216	2,183	2,130	2,084	—
General and administrative expense (including non-cash stock-based compensation expense of $11,937, $14,184, and $11,985, respectively)	195	186	179	169	185
Facility operating lease expense	200	201	202	165	174
Depreciation and amortization	356	358	343	347	338
Asset impairment	71	9	41	30	23
Loss (gain) on sale of communities, net	−2	0	−36	−74	0
Loss (gain) on facility operating lease termination, net	4	0	0	0	−2
Income (loss) from operations	13	47	18	−43	−217
Interest income	12	19	23	7	1
Debt	−228	−216	−210	−158	−141
Financing lease obligations	−11	−28	−22	−48	−46
Amortization of deferred financing costs	−15	−10	−8	−6	−7
Change in fair value of derivatives	−1	434,000	1	8	−152,000
Gain (loss) on debt modification and extinguishment, net	−40	−21	−3	−1	−2
Equity in earnings (loss) of unconsolidated ventures	0	0	−4	−11	10
Non-operating gain (loss) on sale of assets, net	0	923,000	1	595,000	289
Other non-operating income (loss)	4	9	22	12	6
Income (loss) before income taxes	−265	−197	−180	−240	−108
Benefit (provision) for income taxes	2	−5	−9	2	8
Net income (loss)	−263	−202	−189	−238	−99
Net (income) loss attributable to noncontrolling interest	54,000	59,000	59,000	−87,000	74,000
Net income (loss) attributable to Brookdale Senior Living Inc. common stockholders	−263	−202	−189	−238	−99
Basic net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders (in dollars per share)	−1.12	−0.89	−0.84	−1.25	−0.54
Diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders (in dollars per share)	−1.12	−0.89	−0.84	−1.25	−0.54
Weighted average shares used in computing basic net income (loss) per share (in shares)	235	228	225	190	185
Weighted average shares used in computing diluted net income (loss) per share (in shares)	235	228	225	190	185

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	279	309	278	399	347
Marketable securities	0	20	30	49	182
Restricted cash	33	40	41	28	27
Accounts receivable, net	68	52	48	56	51
Assets held for sale	77	0	—	—	—
Prepaid expenses and other current assets, net	97	92	81	106	88
Total current assets	554	513	478	637	699
Property, plant and equipment and leasehold intangibles, net	4,273	4,594	4,331	4,536	4,904
Operating lease right-of-use assets	1,032	1,134	671	597	630
Restricted cash	31	31	30	48	64
Goodwill	27	27	27	27	27
Other assets, net	35	36	36	35	17
Total assets	5,952	6,336	5,573	5,937	6,410
Current portion of long-term debt	77	41	41	66	63
Current portion of financing lease obligations	1	37	1	24	22
Current portion of operating lease obligations	75	111	193	177	149
Trade accounts payable	75	66	67	71	76
Accrued expenses	273	264	243	237	255
Refundable fees and deferred revenue	66	61	56	66	67
Total current liabilities	568	580	600	641	632
Long-term debt, less current portion	4,215	4,022	3,656	3,784	3,778
Financing lease obligations, less current portion	24	267	151	225	532
Operating lease obligations, less current portion	1,124	1,174	684	617	682
Deferred tax liability	6	10	6	0	0
Other liabilities	58	69	72	86	87
Total liabilities	5,996	6,122	5,168	5,353	5,711
Preferred stock, $0.01 par value, 50,000,000 shares authorized at December 31, 2025 and 2024; no shares issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value, 400,000,000 shares authorized at December 31, 2025 and 2024; 248,274,011 and 210,547,351 shares issued and 237,746,486 and 200,019,826 shares outstanding (including 28,929 and 27,972 unvested restricted shares), respectively	2	2	2	2	2
Additional paid-in-capital	4,358	4,353	4,342	4,332	4,209
Treasury stock, at cost; 10,527,525 shares at December 31, 2025 and 2024	−103	−103	−103	−103	−103
Accumulated deficit	−4,303	−4,040	−3,838	−3,649	−3,410
Total Brookdale Senior Living Inc. stockholders' equity (deficit)	−45	212	404	583	697
Noncontrolling interest	1	1	1	2	2
Total equity (deficit)	−43	214	405	584	700
Total liabilities and equity (deficit)	5,952	6,336	5,573	5,937	6,410

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization, net	370	368	350	354	345
Distributions from unconsolidated ventures from cumulative share of net earnings	0	0	430,000	561,000	6
Amortization of entrance fees	0	0	−732,000	−2	−2
Proceeds from deferred entrance fee revenue	0	0	477,000	4	4
Deferred income tax (benefit) provision	−3	4	8	−1	−10
Operating lease expense adjustment	−14	−49	−46	−35	−23
Loss (gain) on sale of assets, net	−2	−923,000	−38	−74	−289
Loss (gain) on facility operating lease termination, net	4	0	0	0	−2
Non-cash stock-based compensation expense	12	14	12	14	16
Property and casualty insurance income	−4	−9	−19	−11	−5
Other non-operating (income) loss	0	0	−3	0	0
Accounts receivable, net	−16	−3	7	−5	502,000
Prepaid expenses and other assets, net	−15	−22	22	−21	−15
Trade accounts payable and accrued expenses	4	16	2	−27	−54
Refundable fees and deferred revenue	5	5	−654,000	−2	−10
Operating lease assets and liabilities for lessor capital expenditure reimbursements	32	16	10	14	31
Operating lease assets and liabilities for lease termination	−5	0	0	0	−2
Net cash provided by operating activities	218	166	163	3	−95
Purchase of marketable securities	0	−49	−174	−264	−362
Sale and maturities of marketable securities	20	60	197	399	353
Capital expenditures, net of related payables	−202	−201	−233	−197	−177
Acquisition of assets, net of cash acquired	−311	−108	−574,000	−6	0
Investment in unconsolidated ventures	0	0	−8	−218,000	−5
Proceeds from sale of assets, net	26	7	84	5	334
Property and casualty insurance proceeds	4	9	25	0	0
Change in lease acquisition deposits, net	5	−5	0	0	—
Purchase of interest rate cap instruments	−4	−10	−12	−2	0
Proceeds from interest rate cap instruments	6	21	10	788,000	0
Other	−222,000	−330,000	−286,000	−4	2
Net cash provided by (used in) investing activities	−456	−278	−113	−67	181
Proceeds from debt	918	766	206	254	353
Repayment of debt and financing lease obligations	−692	−595	−367	−281	−442
Payment of financing costs, net of related payables	−18	−25	−11	−7	−4
Payments of employee taxes for withheld shares	−6	−3	−2	−4	−5
Net cash provided by (used in) financing activities	201	142	−174	100	−114
Net increase (decrease) in cash, cash equivalents, and restricted cash	−37	30	−125	36	−27

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro