Investment in joint ventures (1,617) (637)
Distributions received from
unconsolidated ventures 1,819 1,355
Net cash used in investing activities (346,277) (1,820,597)
Cash Flows from Financing Activities
Proceeds from debt 395,276 739,221
Repayment of debt (54,246) (221,616)
Buyout of capital lease obligations (51,114) -
Proceeds from line of credit 451,500 215,000
Repayment of line of credit (384,000) (215,000)
Payment of dividends (144,990) (62,881)
Payment of financing costs, net of
related payables (10,248) (19,014)
Other (815) -
Refundable entrance fees:
Proceeds from refundable entrance
fees 17,018 6,900
Refunds of entrance fees (15,488) (4,540)
Proceeds from issuance of common stock,
net - 1,353,863
Costs incurred related to follow-on equity
offering - (2,435)
Net cash provided by financing activities 202,893 1,789,498
Net (decrease) increase in cash and
cash equivalents (4,975) 22,578
Cash and cash equivalents at beginning
of period 68,034 77,682
Cash and cash equivalents at end of
period $63,059 $100,26
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