Brookdale Senior Living Inc Stock Research

Market Summary

USD3.430.00

Market Closed

0.00%

BKD Alerts

Big jump in Earnings (Y/Y)
Losses in recent quarter

BKD Stock Price

BKD RSI Chart

BKD Valuation

Market Cap

645.6M

Price/Earnings (Trailing)

-3.53

Price/Sales (Trailing)

0.22

EV/EBITDA

1.27

Price/Free Cashflow

-4.14

BKD Price/Sales (Trailing)

BKD Profitability

EBT Margin

-8.49%

Return on Equity

-40.92%

Return on Assets

-4.02%

Free Cashflow Yield

-24.18%

BKD Fundamentals

BKD Revenue

Revenue (TTM)

2.9B

Revenue Y/Y

11.13%

Revenue Q/Q

7.52%

BKD Earnings

Earnings (TTM)

-183.0M

Earnings Y/Y

55.46%

Earnings Q/Q

-73.77%

Price Action

52 Week Range

2.275.80

(Low)(High)

Last 7 days

-7.8%

Last 30 days

-20.0%

Last 90 days

7.2%

Trailing 12 Months

-40.6%

BKD Financial Health

Current Ratio

0.99

Debt/Equity

6.56

Debt/Cashflow

9e-4

BKD Investor Care

Shares Dilution (1Y)

0.51%

Diluted EPS (TTM)

-0.91

Peers (Alternatives to Brookdale Senior Living)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
HCA	72.9B	60.9B	-8.06%	22.94%	12.72	1.2	1.94%	-15.77%
LH	20.7B	14.8B	-6.52%	-17.34%	16.22	1.39	-6.96%	-52.35%
DGX	15.0B	9.6B	-3.55%	-6.97%	18.91	1.56	-10.08%	-57.84%
MID-CAP
UHS	9.9B	13.6B	-12.63%	5.29%	14.64	0.74	5.04%	-26.87%
THC	7.2B	19.4B	-4.01%	6.04%	7.08	0.37	0.01%	-33.70%
EHC	6.1B	4.4B	-4.71%	18.34%	22.47	1.4	8.15%	-30.89%
LHCG	5.2B	2.3B	3.17%	35.63%	86.23	2.28	2.85%	-58.05%
ENSG	4.9B	3.2B	-9.31%	6.84%	21.02	1.54	17.88%	19.62%
SEM	3.5B	6.4B	-10.39%	11.72%	19.24	0.54	2.26%	-46.98%
GH	2.9B	482.2M	27.04%	-33.35%	-4.5	6.11	23.29%	-70.12%
SMALL-CAP
NHC	915.5M	1.1B	3.19%	-13.90%	51.41	0.85	-2.36%	-86.62%
BKD	645.6M	2.9B	-20.05%	-40.55%	-3.53	0.22	7.97%	-101.02%
CSU	90.0M	238.4M	-	-	-2.46	0.38	1.58%	-119.37%
RHE	5.7M	33.2M	-3.81%	18.36%	-0.96	0.17	26.38%	-43.63%

Financials for Brookdale Senior Living

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.7%	2,900,822,000	2,825,379,000	2,768,662,000	2,652,858,000	2,686,634,000
S&GA Expenses	2.1%	172,087,000	168,594,000	166,970,000	169,451,000	180,099,000
Costs and Expenses	1.7%	2,891,034,000	2,843,291,000	2,895,514,000	-	-
EBITDA	315.2%	107,545,000	25,903,000	241,757,000	426,213,000	-
EBITDA Margin	306.8%	0.04	0.01	0.09	0.16	-
Earnings Before Taxes	24.2%	-181,882,000	-239,899,000	-318,897,000	-100,681,000	-101,984,000
EBT Margin	26.3%	-0.08	-0.12	-0.04	-0.04	-
Net Income	23.3%	-182,963,000	-238,427,000	-294,492,000	-91,851,000	-91,018,000
Net Income Margin	20.7%	-0.08	-0.11	-0.03	-0.03	-
Free Cahsflow	16.2%	-193,643,000	-230,956,000	-279,835,000	-270,284,000	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.9%	5,886	5,937	6,094	6,168	6,295
Current Assets	4.6%	666	637	581	587	655
Cash Equivalents	9.5%	437	399	299	239	289
Goodwill	0.1%	27.00	27.00	27.00	27.00	27.00
Liabilities	-0.1%	5,345	5,353	5,601	5,650	5,696
Current Liabilities	10.3%	707	641	657	854	793
Long Term Debt	-0.4%	3,820	3,834	3,849	-	-
LT Debt, Current	32.8%	88.00	66.00	61.00	268	208
LT Debt, Non Current	-0.3%	3,772	3,784	3,759	3,566	3,641
Shareholder's Equity	-7.2%	541	583	491	519	599
Retained Earnings	-1.2%	-3,693	-3,648	-3,623	-3,594	-3,510
Additional Paid-In Capital	0.0%	4,334	4,332	4,215	4,212	4,208
Shares Outstanding	0.5%	188	187	187	187	187
Minority Interest	-0.9%	2.00	2.00	2.00	2.00	2.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	1441.5%	51.00	3.00	-29.54	-85.86	-94.03
Share Based Compensation	-5.4%	14.00	14.00	14.00	14.00	15.00
Cashflow From Investing	-38.3%	-93.28	-67.43	-77.76	104	149
Cashflow From Financing	0.6%	101	100	-75.77	-75.20	-78.50
Buy Backs	-	0.00	-	-	-	-

Risks for BKD

What is the probability of a big loss on BKD?

100%

Probability that Brookdale Senior Living stock will be more than 20% underwater in next one year

86.5%

Probability that Brookdale Senior Living stock will be more than 30% underwater in next one year.

54.2%

Probability that Brookdale Senior Living stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BKD drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Brookdale Senior Living was unfortunately bought at previous high price.

Drawdowns

Returns for BKD

Cumulative Returns on BKD

-19.0%

10-Year Cumulative Returns

-21.0%

7-Year Cumulative Returns

-15.3%

5-Year Cumulative Returns

-2.1%

3-Year Cumulative Returns

What are the long-term rolling returns for BKD?

FIve years rolling returns for Brookdale Senior Living.

Annualized Returns

Which funds bought or sold BKD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	reduced	-8.53	-756	64,584	-%
2023-05-22	Raleigh Capital Management Inc.	unchanged	-	220	2,950	-%
2023-05-22	PUTNAM INVESTMENTS LLC	sold off	-100	-5,450,090	-	-%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-1.63	230,838	3,897,020	0.01%
2023-05-18	JPMORGAN CHASE & CO	added	21.96	187,000	778,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-26.75	-73,000	280,000	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	added	196	403,613	853,671	0.01%
2023-05-16	Sculptor Capital LP	unchanged	-	106,338	2,070,150	0.05%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	40.15	241,074	709,684	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	unchanged	-	18,000	4,441,000	-%

Latest Funds Activity

Are funds buying BKD calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BKD

No. of Funds

Brookdale Senior Living News

Schedule 13G FIlings of Brookdale Senior Living

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	flat footed llc	5.7%	10,654,203	SC 13G
Feb 14, 2023	camber capital management lp	9.64%	2,013	SC 13G/A
Feb 14, 2023	glenview capital management, llc	7.41%	13,844,673	SC 13G/A
Feb 10, 2023	blackrock inc.	19.4%	36,149,375	SC 13G/A
Feb 10, 2023	flynn james e	6.79%	12,679,651	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	4.9%	9,063,890	SC 13G/A
Feb 09, 2023	vanguard group inc	9.46%	17,671,723	SC 13G/A
Jan 26, 2023	blackrock inc.	17.3%	31,454,297	SC 13G/A
Jan 20, 2023	blackrock inc.	17.3%	31,454,297	SC 13G/A
Nov 17, 2022	flynn james e	6.54%	12,216,561	SC 13G

BKD Fair Value

Show Fair-Value

Recent SEC filings of Brookdale Senior Living

View All Filings

Date Filed	Form Type	Document
May 22, 2023	4	Insider Trading
May 22, 2023	4	Insider Trading
May 09, 2023	10-Q	Quarterly Report
May 08, 2023	8-K	Current Report
May 01, 2023	ARS	ARS
May 01, 2023	DEF 14A	DEF 14A
May 01, 2023	DEFA14A	DEFA14A
Apr 10, 2023	8-K	Current Report
Apr 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading

Latest Insider Trading transactions for BKD

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-20	FISCHER LAURA E.	sold (taxes)	-4,949	3.68	-1,345	division vice president
2023-05-20	Pritchett Jaclyn C	sold (taxes)	-2,112	3.68	-574	evp - human resources
2023-04-01	BUMSTEAD FRANK M	acquired	28,747	2.95	9,745	-
2023-03-02	Asher Jordan R	sold	-57,286	3.3306	-17,200	-
2023-03-01	Pritchett Jaclyn C	sold (taxes)	-6,979	3.2	-2,181	evp - human resources
2023-02-27	RICCI BENJAMIN J.	sold (taxes)	-23,186	3.32	-6,984	division vice president
2023-02-27	FISCHER LAURA E.	sold (taxes)	-21,188	3.32	-6,382	division vice president
2023-02-27	KAESTNER H TODD	sold (taxes)	-49,219	3.32	-14,825	evp-corp dev & pres-ccrcs
2023-02-27	HICKS GEORGE T	sold (taxes)	-32,170	3.32	-9,690	evp & treasurer
2023-02-27	Pritchett Jaclyn C	sold (taxes)	-13,283	3.32	-4,001	evp - human resources

About Brookdale Senior Living

Lucinda M. Baier

www.brookdale.com

33000

Brookdale Senior Living Inc. owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors. The Assisted Living and Memory Care segment owns or leases communities consisting of freestanding multi-story communities and freestanding single-story communities, which offer housing and 24-hour assistance with activities of daily living for the Company's residents. This segment also operates memory care communities for residents with Alzheimer's and other dementias. The CCRCs segment owns or leases communities that provides various living arrangements, such as independent and assisted living, memory care, and skilled nursing; and services to accommodate various levels of physical ability and healthcare needs. It also manages communities on behalf of others. As of December 31, 2021, the company owned 347 communities, leased 299 communities, and managed 33 communities on behalf of others. Brookdale Senior Living Inc. was incorporated in 2005 and is headquartered in Brentwood, Tennessee.

BKD Income Statement

2023-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue
Revenue	$ 753,263	$ 677,820
Expense
General and administrative expense (including non-cash stock-based compensation expense of $3,104 and $3,885, respectively)	48,619	45,126
Facility operating lease expense	46,127	41,564
Depreciation and amortization	84,934	85,684
Asset impairment	0	9,075
Income (loss) from operations	7,822	(53,534)
Interest income	5,326	95
Interest expense:
Debt	(50,315)	(33,157)
Financing lease obligations	(6,552)	(12,058)
Amortization of deferred financing costs	(1,940)	(1,542)
Change in fair value of derivatives	(904)	3,403
Equity in earnings (loss) of unconsolidated ventures	(577)	(4,894)
Non-operating gain (loss) on sale of assets, net	0	(294)
Other non-operating income (loss)	3,149	(27)
Income (loss) before income taxes	(43,991)	(102,008)
Benefit (provision) for income taxes	(572)	1,976
Net income (loss)	(44,563)	(100,032)
Net (income) loss attributable to noncontrolling interest	14	19
Net income (loss) attributable to Brookdale Senior Living Inc. common stockholders	$ (44,549)	$ (100,013)
Basic and diluted net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders
Net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders - basic (in dollars per share)	$ (0.20)	$ (0.54)
Net income (loss) per share attributable to Brookdale Senior Living Inc. common stockholders - diluted (in dollars per share)	$ (0.20)	$ (0.54)
Weighted average shares used in computing basic and diluted net income (loss) per share
Weighted average shares used in computing ,net income (loss) per share - basic (in shares)	224,578	185,916
Weighted average shares used in computing, net income (loss) per share - diluted (in shares)	224,578	185,916
Resident fees
Revenue
Revenue	$ 713,404	$ 636,974
Management fees
Revenue
Revenue	2,577	3,329
Reimbursed costs incurred on behalf of managed communities
Revenue
Revenue	34,954	37,141
Expense
Costs incurred	34,954	37,141
Other operating income
Revenue
Revenue	2,328	376
Facility operating expense
Expense
Costs incurred	$ 530,807	$ 512,764

BKD Balance Sheet

2023-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 362,235	$ 398,850
Marketable securities	69,009	48,680
Restricted cash	29,374	27,735
Accounts receivable, net	52,618	55,761
Assets held for sale	23,555	0
Prepaid expenses and other current assets, net	129,640	106,067
Total current assets	666,431	637,093
Property, plant and equipment and leasehold intangibles, net	4,493,002	4,535,702
Operating lease right-of-use assets	565,641	597,130
Restricted cash	45,133	47,963
Investment in unconsolidated ventures	54,788	55,333
Goodwill	27,321	27,321
Deferred tax asset	1,359	1,604
Other assets, net	32,184	34,916
Total assets	5,885,859	5,937,062
Current liabilities
Current portion of long-term debt	87,711	66,043
Current portion of financing lease obligations	24,683	24,059
Current portion of operating lease obligations	177,894	176,758
Trade accounts payable	88,730	71,000
Liabilities held for sale	19,455	0
Accrued expenses	238,356	237,148
Refundable fees and deferred revenue	70,447	66,197
Total current liabilities	707,276	641,205
Long-term debt, less current portion	3,772,254	3,784,099
Financing lease obligations, less current portion	218,349	224,801
Operating lease obligations, less current portion	575,603	616,973
Other liabilities	71,523	85,831
Total liabilities	5,345,005	5,352,909
Preferred stock, $0.01 par value, 50,000,000 shares authorized at March 31, 2023 and December 31, 2022; no shares issued and outstanding	0	0
Common stock, $0.01 par value, 400,000,000 shares authorized at March 31, 2023 and December 31, 2022; 198,762,220 and 197,776,991 shares issued and 188,234,695 and 187,249,466 shares outstanding (including 20,233 and 422,542 unvested restricted shares), respectively	1,988	1,978
Additional paid-in-capital	4,333,556	4,332,302
Treasury stock, at cost; 10,527,525 shares at March 31, 2023 and December 31, 2022	(102,774)	(102,774)
Accumulated deficit	(3,693,450)	(3,648,901)
Total Brookdale Senior Living Inc. stockholders' equity	539,320	582,605
Noncontrolling interest	1,534	1,548
Total equity	540,854	584,153
Total liabilities and equity	$ 5,885,859	$ 5,937,062