Brookdale Senior Living (BKD) Posts Q4 Loss of $1.45/Share
Brookdale Senior Living (NYSE: BKD) reported Q4 EPS of ($1.45), which does not compare to the analyst estimate of $0.43. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.22 billion.
- Net loss increased 54.1% to $268.6 million for the fourth quarter of 2016 compared to $174.3 million for the fourth quarter of 2015.
- Adjusted EBITDA(1) increased 3.5% to $184.2 million for the fourth quarter of 2016 compared to $178.0 million for the fourth quarter of 2015. Excluding integration, transaction, transaction-related and strategic project costs of $10.1 million, Adjusted EBITDA for the fourth quarter of 2016 was $194.2 million.
- Fourth quarter 2016 net cash provided by operating activities decreased 1.9% from the fourth quarter of 2015, to $88.5 million.
- Adjusted Free Cash Flow for the fourth quarter of 2016 increased $65.9 million to a positive $33.2 million, compared to the fourth quarter of 2015. Brookdale\'s proportionate share of Adjusted Free Cash Flow of unconsolidated ventures for the fourth quarter of 2016 increased $0.6 million to $6.8 million, compared to the fourth quarter of 2015.
For earnings history and earnings-related data on Brookdale Senior Living (BKD) click here.
