accrual policies.
Excluding the $7.0 million of charges relating to integration-related
accounting items, the same store data is as follows:
Three months ended December 31,
2007 2006 % Change
Revenue $375,147 $349,609 7.3%
Operating Expense 239,496 225,073 6.4%
Facility Operating Income $135,651 $124,535 8.9%
Facility Operating Margin 36.2% 35.6% 0.6%
Twelve months ended December 31,
2007 2006 % Change
Revenue $1,469,354 $1,374,912 6.9%
Operating Expense 926,987 877,158 5.7%
Facility Operating Income $542,367 $497,754 9.0%
Facility Operating Margin 36.9% 36.2% 0.7%
Our facility breakdown at December 31, 2007 was as follows:
Percentage of
Number of Number of Q4 2007
Ownership Type Facilities Units/Beds Revenues
Owned 171 18,858 39.5%
Leased 357 28,812 60.1%
Managed 22 4,416 0.4%
Total 550 52,086 100.0%
Operating Type
Retirement Centers 87 15,990 29.8%
Assisted Living 409 21,087 43.0%
CCRCs 32 10,593 26.8%
Managed 22 4,416 0.4%
Total 550 52,086 100.0%
Our capital expenditures for the three and twelve months ended December
31, 2007
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