Brookdale Senior Living Inc Q4 2007 Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2008-02-28 11:38:08.0

Tags: Brookdale Senior Living Inc.

Question-and-Answer Session

Operator

(Operator Instructions) And our first question will come from the line of Ryan Daniels with William Blair.

Ryan Daniels - William Blair

Yeah, good morning guys. A couple of quick housekeeping questions upfront. I noticed in the G&A line it was down quite a bit sequentially, I know it was due to some non-cash charges, but was I'm hoping, you give a little bit more color there on the stock comp and what drove that down?

Mark Ohlendorf

Sure, Ryan. This is Mark. A number of our stock grant programs include performance level triggers for vesting. And we made a determination in the quarter that we would not meet those targets and therefore reverse the stock comp expense.

Ryan Daniels – William Blair

Okay. Thank you for that, now a somewhat similar question on D&A I noticed that drop a lot sequentially as well, was there anything unique there, is that a better run rate to think about going forward?

Mark Ohlendorf

That is likely a better run rate to use going forward. In our acquisition transactions some of the groups of assets are amortized over relatively short period of time. So, I think you will have a better run rates to work off.

Ryan Daniels - William Blair

Okay, great. And then, if we look at the CFFO calculation you guys provided, is an update under the new methodology, it looks like you're giving yourself less credit on the integration expenses. So, just as an example looking at last quarter, you guys haven't add back $0.04 whereas in the Q3 results, you had a $0.06 add back is that just excluding the ancillary rollout and the start-up expenses there and focusing exclusively on kind of integration expenses?

Mark Ohlendorf

Yes, that's right.

Ryan Daniels - William Blair

Okay. But definitely think of your guidance of that $1.67 number, so not including those expenses?

Mark Ohlendorf

Exactly

Ryan Daniels - William Blair

Okay. And then a couple of bigger questions, I'll hop back on into the queue. Bill, I think, you mentioned kind of in the past that crescendo of integration activities hit in Q4 and I was wondering if you could talk a little bit more, I know, the systems went live and that was one big thing. But maybe, what are remaining in your view are key milestones over the next two to three quarters on the integration front. And what you guys are hoping to accomplish there?

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement