Brookdale Announces First Quarter 20...($582969 $549767 Long-term de...),Health

Long-term debt, less current portion 2,172,628 2,119,217

Other liabilities 712,023 723,100

Total liabilities 3,467,620 3,392,084

Stockholders' equity 1,346,116 1,419,538

Total liabilities and stockholders'

equity $4,813,736 $4,811,622

Condensed Consolidated Statements of Cash Flows

(unaudited, in thousands)

Three Months Ended March 31,

2008 2007

Cash Flows from Operating Activities

Net loss $(55,093) $(35,140)

Adjustments to reconcile net loss to

net cash provided by operating

activities:

Loss on extinguishment of debt 2,821 -

Depreciation and amortization 73,497 74,602

Minority interest - 131

Equity in loss of unconsolidated

ventures 173 1,453

Distributions from uncon. ventures

from cumulative share of net earnings 190 46

Amortization of deferred gain (1,085) (1,085)

Amortization of entrance fees (6,691) (4,259)

Proceeds from deferred entrance fee

revenue 2,780 3,916

Deferred income tax benefit (30,662) (20,634)

Change in deferred lease liability 5,751 6,336

Change in fair value of derivatives

and amortization
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