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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue and other operating income $ 784,167 $ 757,291 $ 2,344,539 $ 2,261,346
General and administrative expense (including non-cash stock-based compensation expense of $3,403, $2,893, $10,651, and $8,966, respectively) 44,929 43,076 137,325 137,021
Facility operating lease expense 51,937 53,145 154,397 149,784
Depreciation and amortization 90,064 85,932 264,219 255,314
Asset impairment 934 9,086 2,642 9,606
Loss (gain) on sale of communities, net 0 0 0 (36,296)
Income (loss) from operations 10,259 (6,338) 48,667 42,649
Interest income 4,663 6,323 14,155 17,764
Interest expense:        
Debt (54,171) (53,413) (161,405) (155,984)
Financing lease obligations (5,062) (4,950) (15,233) (16,955)
Amortization of deferred financing costs (2,337) (1,910) (6,928) (5,749)
Change in fair value of derivatives (4,746) 861 (2,004) 5,130
Gain (loss) on debt modification and extinguishment, net (2,267) 0 (2,267) 0
Equity in earnings (loss) of unconsolidated ventures 0 (1,426) 0 (3,156)
Non-operating gain (loss) on sale of assets, net 20 0 923 860
Other non-operating income (loss) 3,584 10,166 7,121 16,512
Income (loss) before income taxes (50,057) (50,687) (116,971) (98,929)
Benefit (provision) for income taxes (677) 1,876 (1,086) 1,029
Net income (loss) (50,734) (48,811) (118,057) (97,900)
Net (income) loss attributable to noncontrolling interest 14 15 44 45
Net income (loss) attributable to Brookdale Senior Living Inc. common stockholders $ (50,720) $ (48,796) $ (118,013) $ (97,855)
Basic and diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders        
Basic net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders (in dollars per share) $ (0.22) $ (0.22) $ (0.52) $ (0.43)
Diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders (in dollars per share) $ (0.22) $ (0.22) $ (0.52) $ (0.43)
Weighted average shares used in computing basic and diluted net income (loss) per share        
Weighted average shares used in computing basic net income (loss) per share (in shares) 228,124 225,416 226,939 225,136
Weighted average shares used in computing diluted net income (loss) per share (in shares) 228,124 225,416 226,939 225,136
Resident fees        
Total revenue and other operating income $ 743,729 $ 717,123 $ 2,227,679 $ 2,140,688
Management fees        
Total revenue and other operating income 2,676 2,566 7,910 7,653
Reimbursed costs incurred on behalf of managed communities        
Total revenue and other operating income 37,762 34,979 108,950 103,932
Cost incurred 37,762 34,979 108,950 103,932
Other operating income        
Total revenue and other operating income 0 2,623 0 9,073
Facility operating expense        
Cost incurred $ 548,282 $ 537,411 $ 1,628,339 $ 1,599,336