Jefferies Reiterates Hold on Brookdale Senior Living (BKD) Following Weak Guidance, But Awaiting Strategic Moves
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Brookdale Announces Fourth Quarter and Full Year 2016 Results
February 13, 2017 4:01 PM ESTNASHVILLE, Tenn., Feb. 13, 2017 /PRNewswire/ --
FOURTH QUARTER 2016 AND RECENT HIGHLIGHTS:
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... More
