For the year ending 2025-12-31, BKD had -$36,832K decrease in cash & cash equivalents over the period. $16,505K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | -262,746 | -201,994 | -189,070 | -238,340 |
| Loss (gain) on debt modification and extinguishment, net | -40,087 | -20,762 | -2,702 | -1,357 |
| Depreciation and amortization, net | 370,302 | 367,511 | 350,408 | 353,890 |
| Asset impairment | 71,349 | 8,557 | 40,572 | 29,618 |
| Equity in (earnings) loss of unconsolidated ventures | 0 | 0 | -3,996 | -10,782 |
| Distributions from unconsolidated ventures from cumulative share of net earnings | 0 | 0 | 430 | 561 |
| Amortization of entrance fees | 0 | 0 | 732 | 2,307 |
| Proceeds from deferred entrance fee revenue | 0 | 0 | 477 | 4,222 |
| Deferred income tax (benefit) provision | -3,288 | 3,617 | 7,590 | -1,324 |
| Operating lease expense adjustment | -14,349 | -48,793 | -45,739 | -34,896 |
| Change in fair value of derivatives | -1,180 | 434 | 1,144 | 7,659 |
| Loss (gain) on sale of assets, net | 2,368 | 923 | 37,737 | 74,445 |
| Loss (gain) on facility operating lease termination, net | -4,139 | - | 0 | 0 |
| Non-cash stock-based compensation expense | 11,937 | 14,184 | 11,985 | 14,466 |
| Property and casualty insurance income | 3,875 | 8,532 | 18,920 | 11,379 |
| Other non-operating (income) loss | 0 | 0 | 2,542 | - |
| Accounts receivable, net | 15,788 | 3,498 | -7,380 | 4,624 |
| Prepaid expenses and other assets, net | 15,481 | 21,560 | -21,629 | 21,240 |
| Trade accounts payable and accrued expenses | 4,464 | 15,697 | 2,448 | -27,185 |
| Refundable fees and deferred revenue | 5,280 | 5,221 | -654 | -1,934 |
| Operating lease assets and liabilities for lessor capital expenditure reimbursements | -32,187 | -16,362 | -9,844 | -13,718 |
| Operating lease assets and liabilities for lease termination | 5,000 | - | 0 | 0 |
| Net cash provided by operating activities | 218,030 | 166,177 | 162,923 | 3,281 |
| Change in lease security deposits and lease acquisition deposits, net | - | - | - | 355 |
| Purchase of marketable securities | 0 | 49,054 | 174,476 | 263,669 |
| Sale and maturities of marketable securities | 20,000 | 60,000 | 197,100 | 398,752 |
| Capital expenditures, net of related payables | 201,525 | 201,250 | 233,205 | 196,924 |
| Acquisition of assets, net of cash acquired | 311,028 | 108,411 | 574 | 6,004 |
| Investment in unconsolidated ventures | 0 | 0 | 7,589 | 218 |
| Distributions received from unconsolidated ventures | - | 0 | 0 | 966 |
| Proceeds from sale of assets, net | 26,147 | 7,017 | 83,526 | 4,653 |
| Property and casualty insurance proceeds | 3,875 | 8,548 | 24,704 | - |
| Change in lease acquisition deposits, net | -5,000 | 5,000 | - | - |
| Purchase of interest rate cap instruments | 3,825 | 10,149 | 12,454 | - |
| Proceeds from notes receivable | - | - | - | 0 |
| Proceeds from interest rate cap instruments | 5,627 | 20,563 | 9,890 | - |
| Other | 222 | 330 | 286 | 5,340 |
| Net cash provided by (used in) investing activities | -455,951 | -278,066 | -113,364 | -67,429 |
| Proceeds from debt | 918,077 | 765,652 | 205,549 | 254,259 |
| Repayment of debt and financing lease obligations | 692,366 | 594,997 | 367,242 | 281,185 |
| Proceeds from line of credit | - | - | - | 0 |
| Repayment of line of credit | - | - | - | 0 |
| Proceeds from issuance of tangible equity units | - | 0 | 0 | 139,438 |
| Purchase of treasury stock, net of related payables | - | - | - | 0 |
| Purchase of capped call transactions | - | - | 0 | 0 |
| Payment of financing costs, net of related payables | 18,149 | 25,157 | 10,831 | 7,077 |
| Payments of employee taxes for withheld shares | 6,473 | 3,437 | 1,915 | 4,293 |
| Other | - | 0 | 0 | -760 |
| Net cash provided by (used in) financing activities | 201,089 | 142,061 | -174,439 | 100,382 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -36,832 | 30,172 | -124,880 | 36,234 |
| Cash, cash equivalents, and restricted cash at beginning of period | 379,840 | 349,668 | 474,548 | 438,314 |
| Cash, cash equivalents, and restricted cash at end of period | 343,008 | 379,840 | 349,668 | 474,548 |
Brookdale Senior Living Inc. (BKD)
Brookdale Senior Living Inc. (BKD)