Brookdale Announces First Quarter 20...((181327) (11895) Proceeds ...),Health

Proceeds from line of credit 125,000 106,500

Repayment of line of credit (120,000) (142,000)

Payment of dividends (51,897) (46,588)

Payment of financing costs, net of

related payables (853) (4,072)

Cash portion of loss on

extinguishment of debt (812) -

Other (403) (624)

Refundable entrance fees:

Proceeds from refundable entrance fees 3,492 4,258

Refunds of entrance fees (3,632) (6,315)

Recouponing and payment of swap

termination (23,942) -

Net cash provided by financing

activities 34,105 34,610

Net increase (decrease)

in cash and cash equivalents 18,632 (12,113)

Cash and cash equivalents

at beginning of period 100,904 68,034

Cash and cash equivalents

at end of period $119,536 $55,921

Non-GAAP Financial Measures

Adjusted EBITDA

Adjusted EBITDA is a measure of operating performance that is not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). Adjusted EBITDA should not be considered in isolation or as a substitute for net income, income from operations or cash flows provided by or used in operations, as determined in accordance with GAAP. Adjusted EBITDA is a key measure of the Company's operating performance used by management to focus on operating performance and management without mixing in items of income and expense that relate to long-te
'/>"/>