← SONIDA SENIOR LIVING, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | ($28.0m) | ($44.2m) | ($53.6m) | ($36.0m) | ($295.4m) | — | ($54.4m) | ($21.1m) | ($3.3m) | ($72.5m) | — | |
| Net Income (Loss) Attributable to Parent | ($28.0m) |
($44.2m)
-57.65%
|
($53.6m)
-21.35%
|
($36.0m)
+32.77%
|
($295.4m)
-719.78%
|
$125.6m
+142.53%
|
($54.4m)
-143.31%
|
($21.1m)
+61.20%
|
($2.1m)
+90.24%
|
($70.8m)
-3337.54%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | $111.4m |
($59.0m)
-152.93%
|
($26.1m)
+55.74%
|
($7.6m)
+70.94%
|
($76.4m)
-907.59%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($53.6m) | ($36.0m) | ($295.4m) | — | — | — | ($3.3m) | ($72.5m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | ($1.2m) | ($1.7m) | — | |
| Depreciation, Depletion and Amortization | $60.4m | $66.2m | $62.8m | $64.2m | $60.3m | $37.9m | $38.4m | $39.9m | $44.1m | $56.8m | $63.0m | |
| Depreciation | $60.4m | $66.2m | $62.8m | $64.2m | $60.3m | $37.9m | $38.4m | $39.9m | $40.8m | $46.7m | $63.0m | |
| Amortization of Debt Issuance Costs | $1.2m | $1.6m | $1.7m | $1.6m | $1.7m | $1.5m | $1.3m | $1.6m | $1.6m | $1.6m | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | $3.3m | $10.0m | — | |
| Amortization of deferred loan costs | $1.2m | $1.6m | $1.7m | $1.6m | $1.7m | $1.5m | $1.3m | $1.6m | $1.6m | $1.6m | — | |
| Deferred Income Tax Expense (Benefit) | — | $1.9m | ($2.2m) | $157k | $76k | $0 | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $11.6m | $7.7m | $8.4m | $2.5m | $1.7m | $2.8m | $4.3m | $2.7m | $4.4m | $5.0m | $6.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $261k | $0 | — | — | — | |
| Share-based Payment Arrangement, Expense | $11.6m | $7.7m | — | $2.5m | $1.7m | $2.8m | $4.3m | $2.7m | $4.4m | $5.0m | $6.5m | |
| Non-cash stock-based compensation expense | $11.6m | $7.7m | $8.4m | $2.5m | $1.7m | $2.8m | $4.3m | $2.7m | $4.4m | $5.0m | — | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | $6.5m | $1.6m | $6.0m | $0 | — | — | |
| Long-lived asset impairment | — | — | — | $3.0m | $41.8m | $6.5m | $1.6m | $6.0m | $0 | $12.5m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | ($895k) | ($1.4m) | — | |
| Other Nonoperating Income (Expense) | $233k | $7k | $3k | $7k | ($201k) | $8.7m | $10.0m | ($532k) | ($540k) | $7.9m | — | |
| Loss from equity method investment | — | — | — | — | — | — | — | $0 | $895k | $1.4m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $2.5m | $8.2m | $3.2m | $1.3m | $1.0m | ($585k) | $2.4m | $3.2m | $13.5m | $3.0m | ($7.3m) | |
| Accounts receivable | ($2.5m) | ($8.2m) | ($3.2m) | ($1.3m) | ($1.0m) | $585k | ($2.4m) | ($3.2m) | ($13.5m) | ($3.0m) | ($7.3m) | |
| Increase (Decrease) in Accounts Payable | $1.7m | $2.8m | $1.3m | ($715k) | $6.1m | ($2.7m) | ($2.2m) | $13.0m | $5.2m | $11.1m | — | |
| Accounts payable and accrued expenses | $1.7m | $2.8m | $1.3m | ($715k) | $6.1m | ($2.7m) | ($2.2m) | $13.0m | $5.2m | $11.1m | — | |
| Prepaid expenses and other assets | ($2.0m) | $33k | $1.1m | ($1.0m) | ($1.9m) | ($2.4m) | $8.3m | $2.9m | ($156k) | $4.5m | — | |
| Other assets, net | ($2.2m) | $4.1m | $1.4m | ($500k) | ($2.4m) | ($397k) | ($141k) | $276k | $0 | $470k | — | |
| Net Cash Provided by (Used in) Operating Activities | $52.3m |
$55.6m
+6.34%
|
$36.9m
-33.68%
|
$5.2m
-85.82%
|
($6.8m)
-229.91%
|
($28.3m)
-316.10%
|
($2.6m)
+90.88%
|
$10.7m
+514.39%
|
($1.8m)
-116.68%
|
$24.4m
+1467.23%
|
($15.3m)
-162.99%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($62.4m) | ($40.0m) | ($22.0m) | ($20.3m) | ($15.6m) | $148k | $24.6m | $17.9m | $25.2m | $33.3m | ($31.7m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($65k) | ($123k) | $28k | $36.5m | ($205.5m) | — | — | — | — | — | $1.4m | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | ($436k) | — | — | — | — | $1.4m | |
| Investments in unconsolidated entity | — | — | — | — | — | — | — | $0 | ($22.4m) | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $138.8m | $85.0m | — | — | — | — | — | — | — | — | ($954.8m) | |
| Notes payable acquired through acquisitions | — | — | — | — | — | — | — | $0 | $21.7m | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($201.0m) | ($124.9m) | ($21.9m) | $47.8m | $8.5m | ($10.4m) | ($36.9m) | ($16.6m) | ($208.9m) | ($70.7m) | ($986.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $200.9m | — | $36.3m | $48.5m | $0 | — | |
| Gain on extinguishment of debt | — | — | — | $0 | $0 | ($199.9m) | $641k | ($36.3m) | ($48.5m) | $0 | — | |
| Payments for Repurchase of Common Stock | $2.5m | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $67k | — | — | $0 | $0 | $113.5m | $0 | $10.0m | $190.5m | $0 | $108.8m | |
| Dividends Payable | — | — | — | — | — | — | — | $5.0m | $2.7m | $0 | — | |
| Dividends paid on Series A convertible preferred stock | — | — | — | — | — | $0 | ($3.0m) | $0 | ($2.8m) | ($5.6m) | ($5.3m) | |
| Undeclared dividends on Series A convertible preferred stock | — | — | — | — | — | — | $2.3m | $5.0m | $2.7m | $0 | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | ($114k) | ($124k) | — | — | — | |
| Other financing costs | — | — | — | — | — | — | ($114k) | ($124k) | ($449k) | ($429k) | — | |
| Net Cash Provided by (Used in) Financing Activities | $126.7m |
$53.0m
-58.20%
|
($1.7m)
-103.15%
|
($60.3m)
-3517.29%
|
($15.9m)
+73.59%
|
$99.4m
+724.58%
|
($22.7m)
-122.79%
|
($7.1m)
+68.60%
|
$232.0m
+3362.22%
|
$37.5m
-83.84%
|
$1.1b
+2750.68%
|
|
| Increase (decrease) in cash and cash equivalents | ($22.1m) | ($16.4m) | $13.3m | ($7.3m) | ($14.2m) | $60.7m | ($62.1m) | ($13.0m) | $21.3m | ($8.8m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $13.3m | ($7.3m) | ($14.2m) | $60.7m | ($62.1m) | ($13.0m) | $21.3m | ($8.8m) | $100.2m | |
| Cash and cash equivalents and restricted cash at beginning of year | $69.2m | $47.3m | $31.0m | $44.3m | $37.1m | $83.6m | $30.7m | $17.8m | $39.1m | $30.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $83.6m | $30.7m | $17.8m | $39.1m | $30.3m | $100.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $40.6m | $47.0m | $49.2m | $47.4m | $33.0m | $31.1m | $29.6m | $28.3m | $33.4m | $37.3m | — | |
| Income Taxes Paid, Net | $582k | $543k | $555k | $505k | $513k | $329k | $725k | $46k | $220k | $277k | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | ($3.0m) | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | ($436k) | ($43k) | ($118k) | $192k | $0 | — | |
| General and Administrative Expense | $23.7m | $23.6m | $27.0m | $27.5m | $27.9m | $29.5m | $30.3m | $32.2m | $40.0m | $39.9m | — | |
| Income Tax Expense (Benefit) | $435k | $2.5m | ($1.8m) | $448k | $389k | $583k | $86k | $253k | $239k | $330k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $37.0m | $38.6m | — | |
| Investment Income, Interest | $67k | $73k | $165k | $221k | $193k | $6k | $235k | $608k | $1.7m | $2.1m | — | |
| Operating Costs and Expenses | — | — | — | — | — | $157.3m | $171.6m | $177.3m | $202.0m | $253.2m | — | |
| Operating Lease, Expense | — | — | — | $6.5m | $7.1m | $122k | — | — | — | — | — | |
| Payments of Financing Costs | $2.5m | $1.2m | $3.3m | $1.2m | $45k | $0 | $2.4m | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | $7.8m | $287k | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | $19k | — | ($4.0m) | ($1.1m) | — | |
| Loss on derivative instruments, net | — | — | — | — | — | $0 | ($19k) | $3.0m | $4.0m | $1.1m | — | |
| Gain on sale of assets, net | — | — | — | ($36.5m) | $205.5m | $436k | $43k | $118k | ($192k) | $0 | — | |
| Provision for credit losses | $1.7m | $1.7m | $3.0m | $3.8m | $2.9m | $1.3m | $1.2m | $1.2m | $2.6m | $3.3m | — | |
| Other non-cash items | — | — | — | — | — | ($4.5m) | $498k | ($53k) | ($35k) | $364k | — | |
| Federal and state income taxes payable | $107k | $165k | $23k | $14k | ($175k) | $426k | ($601k) | $217k | $28k | $49k | — | |
| Deferred income | ($1.1m) | ($1.9m) | ($1.4m) | $1.1m | ($1.4m) | ($447k) | $257k | $622k | $1.3m | $2.0m | — | |
| Customer deposits | ($274k) | ($151k) | ($92k) | ($55k) | ($163k) | ($342k) | ($1k) | ($19k) | ($19k) | ($271k) | — | |
| Return of investment in unconsolidated entity | — | — | — | — | — | — | — | $0 | $10.6m | $785k | — | |
| Acquisition of new communities | — | — | — | — | — | $0 | ($12.3m) | $0 | ($172.5m) | ($38.2m) | — | |
| Proceeds from sale of assets | $72k | $19k | $57k | $68.1m | $24.1m | $0 | $0 | $1.4m | $631k | $0 | — | |
| Proceeds from notes payable | $150.8m | $77.2m | $208.8m | $37.5m | $7.6m | $23.1m | $88.1m | $0 | $56.0m | $18.1m | — | |
| Repayments of notes payable | ($17.7m) | ($20.1m) | ($204.1m) | ($95.1m) | ($23.1m) | ($65.0m) | ($102.4m) | ($13.8m) | ($72.0m) | ($8.4m) | — | |
| Proceeds from revolving credit facility | — | — | — | — | — | — | — | $0 | $68.7m | $49.5m | — | |
| Repayment of revolving credit facility | — | — | — | — | — | — | — | $0 | ($8.7m) | ($14.5m) | — | |
| Capital contributions from noncontrolling investors in joint ventures | — | — | — | — | — | — | — | $0 | $7.8m | $287k | — | |
| Distributions to noncontrolling investors in joint ventures | — | — | — | — | — | — | — | — | $0 | ($132k) | — | |
| Deferred loan costs paid | — | — | — | — | — | $0 | ($2.4m) | ($825k) | ($3.7m) | ($1.2m) | — | |
| Purchase of derivative assets | — | — | — | — | — | $0 | ($2.7m) | ($2.4m) | ($3.3m) | ($129k) | — | |
| Insurance financed through insurance notes payable | — | — | — | — | — | — | $1.7m | $1.8m | $1.7m | $6.2m | — | |
| Non-cash right-of-use assets | — | — | — | — | — | — | — | — | $0 | $643k | — |