Brookdale Announces Fourth Quarter and Full Year 20...(1880 (1222) 2683 1526 ...),Health

Other non-operating loss (164) - (402) -

Interest expense:

Debt 30,036 22,439 114,518 74,133

Capitalized lease obligation 6,953 6,734 29,473 23,561

Amortization of deferred

financing costs 2,186 1,882 7,064 5,061

Change in fair value of

derivatives and amortization 42,329 (1,384) 73,222 38

Interest income (2,442) (3,101) (7,519) (6,810)

Loss from operations (174) (35,361) (41,207) (44,693)

Depreciation and amortization 65,235 74,000 299,925 188,129

Facility lease expense 68,263 72,799 271,628 228,779

General and administrative

(including non-cash stock

compensation expense) 26,869 44,439 138,013 117,897

Amortization of entrance fees(2) (5,019) (4,751) (19,241) (8,149)

Management fees (2,012) (2,459) (6,789) (5,617)

Facility Operating Income $153,162 $148,667 $642,329 $476,346

(1) Facility operating income for the year ended December 31, 2007

includes $7.0 million of charges to facility operating expenses in the

quarter ended December 31, 2007, which relates to the Company's desire

to conform its policies across all of its platforms including $5.9

million of estimated uncollectible accounts and $1.1 million of

accounting conformity adjustments pertaining to inventory and certain

accrual policies.

(2) Entrance fee sales, net of refunds paid, provided $9.8 million and

$11.7 million of cash for the three months ended December 31, 2007 and

2006, respectively, and $25.7 million and $18.4 million for the tw
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