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Brookdale Announces Fourth Quarter and Full Year 2008 Results
Date:3/1/2009

olidated Statements of Operations (in thousands, except for per share data) Three Months Ended Twelve Months Ended December 31, December 31, ------------ ------------ 2008 2007 2008 2007 ---- ---- ---- ---- Revenue Resident fees $485,538 $467,446 $1,921,060 $1,832,507 Management fees 1,390 2,012 6,994 6,789 ----- ----- ----- ----- Total revenue 486,928 469,458 1,928,054 1,839,296 ------- ------- --------- --------- Expense Facility operating expense (excluding depreciation and amortization of $51,752, $44,958, $195,517 and $222,315, respectively) 322,595 309,265 1,256,781 1,170,937 General and administrative expense (including non-cash stock- based compensation expense of $5,569, ($6,037), $28,937 and $20,113, respectively) 31,286 26,869 140,919 138,013 Hurricane and named tropical storms expense 1,187 - 4,800 - Facility lease expense 67,441 68,263 269,469 271,628 Depreciation and amortization 68,320 65,235 276,202 299,925 Goodwill and asset impairment 220,026 - 220,026 - ------- --- ------- --- Total operating expense 710,855 469,632 2,168,197 1,880,503 ------- ------- --------- ---------
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SOURCE Brookdale Senior Living Inc.
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