cash provided by operating activities.
The calculation of Cash From Facility Operations per outstanding common share is based on outstanding common shares at the end of the period, excluding any unvested restricted shares.
Facility Operating Income
Facility Operating Income is not a measurement of operating performance calculated in accordance with GAAP and should not be considered in isolation as a substitute for net income, income from operations, or cash flows provided by or used in operations, as determined in accordance with GAAP. We define Facility Operating Income as net income (loss) before provision (benefit) for income taxes, non-operating (income) loss items, depreciation and amortization, facility lease expense, general and administrative expense, including non-cash stock compensation expense, amortization of deferred entrance fee revenue and management fees.
We believe Facility Operating Income is useful to investors in evaluating our facility operating performance for the following reasons:
-- It is helpful in identifying trends in our day-to-day facility
-- It provides an assessment of our revenue generation and expense
-- It provides an indicator to determine if adjustments to current
spending decisions are needed.
The table below reconciles Facility Operating Income from net loss for the three and nine months ended September 30, 2007 and 2006 (in thousands):
Three Months Ended Nine Months Ended
September 30, September 30,
2007 2006 2007 2006
Net loss $(58,927) $(31,145) $(112,742) $(70,730)
Minority interest 5 89 (506) 438
Benefit for income taxes (35,125) (14,146) (68,
|SOURCE Brookdale Senior Living Inc.|
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