For the quarter and twelve months ended December 31, 2007, Adjusted EBITDA was $69.4 million and $306.4 million, respectively. Facility Operating Income was $153.2 million and $642.3 million for the quarter and twelve month period ended December 31, 2007, respectively.
For the quarter and twelve months ended December 31, 2007, Cash From Facility Operations was $28.7 million and $148.8 million, respectively, or $0.28 and $1.46 per common share outstanding at December 31, 2007.
Fourth quarter Adjusted EBITDA and Cash From Facility Operations included integration and acquisition-related costs of $8.1 million and charges of $7.0 million relating 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, or a total of $0.15 per outstanding common share, and excluded amortization related to capital leases and debt of $4.1 million, or $0.04 per outstanding common share.
Same store revenues grew 6.9% for the twelve months ended December 31, 2007 over the corresponding period ending in 2006, and same store Facility Operating Income grew 9.0% when compared to the same prior year period. Similarly, same store revenues grew 7.3% for the quarter ended December 31, 2007 over the same period in 2006, and same store Facility Operating Income grew 8.9% when compared to the fourth quarter of 2006. Both cases include the effect of the historical results of the ARC facilities and exclude the $7.0 million of charges relating to integration-related accounting items. Schedules are presented later in the release with more detail.
The Company's ancillary services business commenced providing therapy
services to over 12,000 additional Brookdale units in 2007, well ahead of
the original schedule, while maintaining the strength of
|SOURCE Brookdale Senior Living Inc.|
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