Brookdale Announces Fourth Quarter and Full Year 20...(es to the Company's desire to conform it...),Health

Date:3/1/2009

es 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. (3) The December 31, 2007 amounts have been reclassified to conform to the modified definition of CFFO used for the current period. (4) Total entrance fee receipts for the three months ended December 31, 2008 and 2007 were $12.1 million and $13.9 million, respectively, including $7.4 million and $5.0 million, respectively, of non- refundable entrance fee receipts included in net cash provided by operating activities. Total entrance fee receipts for the twelve months ended December 31, 2008 and 2007 were $42.5 million and $45.2 million, respectively, including $22.6 million and $19.3 million, respectively, of non-refundable entrance fee receipts included in net cash provided by operating activities.

The calculation of CFFO per outstanding common share is based on outstanding common shares at the end of the period, excluding any unvested restricted shares.

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 (including non-cash impairment charges), facility lease expense, general and administrative expense, including non-cash stock compensation expense, amortization of deferred entrance fee revenue and management fees.

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SOURCE Brookdale Senior Living Inc. Copyright©2009 PR Newswire. All rights reserved

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