Brookdale Senior Living (BKD) Reports Q2 Loss of $0.25/Share
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Brookdale Announces Second Quarter 2017 Results
August 7, 2017 4:15 PM EDTNASHVILLE, Tenn., Aug. 7, 2017 /PRNewswire/ --
SECOND QUARTER 2017 HIGHLIGHTS:
GAAP net loss increased to $46.3 million for the second quarter of 2017 compared to $35.5 million for the second quarter of 2016. Adjusted EBITDA(1) decreased to $160.3 million for the second quarter of 2017 compared to $201.5 million for the second quarter of 2016. Excluding transaction and strategic project costs of $3.9 million, Adjusted EBITDA for the second quarter of 2017 was $164.2 million. Second quarter 2017 net cash provided by operating activities increased 23.8% from the second quarter of 2016, to $133.1 million. Adjusted Free Cash Flow(1) for the second quarter of 2017 decreased $4.9 million to... More