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Sunrise Reports Financial Results for Second-Quarter 2009
Date:8/6/2009

411,260 776,962 820,800 Operating expenses: Community expense for consolidated communities 80,867 77,514 162,364 153,891 Community lease expense 14,603 14,884 29,157 29,732 Depreciation and amortization 14,357 11,110 29,795 22,654 Ancillary expenses 11,141 9,365 21,502 18,858 General and administrative 27,372 44,830 57,805 76,611 Development expense 3,494 8,190 8,665 20,617 Write-off of capitalized project costs 1,417 11,719 13,495 36,697 Accounting Restatement, Special Independent Committee inquiry, SEC investigation and stockholder litigation 1,176 4,938 2,433 23,428 Restructuring costs 9,236 - 16,923 - Provision for doubtful accounts 2,016 1,458 11,004 3,440 (Gain) loss on financial guarantees and other contracts (443) 572 654 727 Impairment of long-lived assets 25,040 2,349 25,040 2,349 Costs incurred on behalf of managed communities 233,824 252,715 479,241 503,308 ------- ------- ------- ------- Total operating expenses 424,100 439,644 858,078 892,312 ------- ------- ------- ------- Loss from operations (43,241) (28,384) (81,116) (71,512) Other non-operating income (expense): Interest income 119 1,508 856 2,974 Interest expense (3,210) (2,615) (7,148) (3,940) Gain (loss) on investments 2,114 (720) 809 (4,720) Other income (expense) 2,365 530 1,319 (5,646)
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SOURCE Sunrise Senior Living, Inc.
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7. All Persons Who Purchased or Acquired the Common Stock of Sunrise Senior Living, Inc. (Sunrise) Between February 26, 2004 and July 28, 2006, Inclusive, and Were Damaged Thereby (The Class)
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