Facility Operating Income
Facility Operating Income is not a measurement of operating performance calculated in accordance with GAAP and should not be considered in isolation as a substitute for net income, income from operations, or cash flows provided by or used in operations, as determined in accordance with GAAP. We define Facility Operating Income as net income (loss) before provision (benefit) for income taxes, non-operating (income) loss items, depreciation and amortization, facility lease expense, general and administrative expense, including non-cash stock compensation expense, amortization of deferred entrance fee revenue and management fees.
We believe Facility Operating Income is useful to investors in
evaluating our facility operating performance for the following reasons:
-- It is helpful in identifying trends in our day-to-day facility
-- It provides an assessment of our revenue generation and expense
-- It provides an indicator to determine if adjustments to current
spending decisions are needed.
The table below reconciles Facility Operating Income from net loss for
the three and twelve months ended December 31, 2007 and 2006 (in
Three Months Ended Twelve Months Ended
December 31, December 31,
2007(1) 2006 2007(1) 2006
Net loss $(49,237) $(37,357) $(161,979) $(108,087)
Minority interest 113 233 (393) 671
Benefit for income taxes (32,852) (25,004) (101,260) (38,491)
Equity in loss of unconsolidated
ventures 1,024 1,419 3,386 3,705
Loss (gain) on extinguishment of
|SOURCE Brookdale Senior Living Inc.|
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