10-Q Filing

SONIDA SENIOR LIVING, INC. CIK: 1043000 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-577054`
Period End Date	20160331
Filing Date	20160504
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	csu-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 40 Cash Flow Statement 76

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.81M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$13.16M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$13.16M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.12M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.25M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	65.00M	shares	Point-in-time
Property tax and insurance deposits	`EscrowDeposit`	$9.97M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	65.00M	shares	Point-in-time
Property tax and insurance deposits	`EscrowDeposit`	$14.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.54M	shares	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$4.37M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$3.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$97.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$68.45M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.54M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$890.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$953.35M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	350,000.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	494,000.00	shares	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$31.19M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$31.30M	USD	Point-in-time
Total assets	`Assets`	$1.02B	USD	Point-in-time
Total assets	`Assets`	$1.05B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.36M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$32.96M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$34.30M	USD	Point-in-time
Current portion of notes payable, net of deferred loan costs	`NotesAndLoansPayableCurrent`	$13.63M	USD	Point-in-time
Current portion of notes payable, net of deferred loan costs	`NotesAndLoansPayableCurrent`	$13.48M	USD	Point-in-time
Current portion of deferred income and resident revenue	`DeferredRevenueCurrent`	$16.06M	USD	Point-in-time
Current portion of deferred income and resident revenue	`DeferredRevenueCurrent`	$15.63M	USD	Point-in-time
Current portion of capital lease and financing obligations	`CapitalLeaseObligationsCurrent`	$1.26M	USD	Point-in-time
Current portion of capital lease and financing obligations	`CapitalLeaseObligationsCurrent`	$1.20M	USD	Point-in-time
Federal and state income taxes payable	`FederalAndStateIncomeTaxesPayable`	$111.00K	USD	Point-in-time
Federal and state income taxes payable	`FederalAndStateIncomeTaxesPayable`	$289.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.82M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.54M	USD	Point-in-time
Deferred income	`DeferredRevenueNoncurrent`	$13.99M	USD	Point-in-time
Deferred income	`DeferredRevenueNoncurrent`	$13.64M	USD	Point-in-time
Capital lease and financing obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$38.60M	USD	Point-in-time
Capital lease and financing obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$38.84M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.48M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.97M	USD	Point-in-time
Notes payable, net of deferred loan costs and current portion	`NotesAndLoansPayableNonCurrent`	$796.66M	USD	Point-in-time
Notes payable, net of deferred loan costs and current portion	`NotesAndLoansPayableNonCurrent`	$754.95M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares - 15,000; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares - 15,000; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 65,000; issued and outstanding shares 29,940 and 29,539 in 2016 and 2015, respectively	`CommonStockValue`	$304.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 65,000; issued and outstanding shares 29,940 and 29,539 in 2016 and 2015, respectively	`CommonStockValue`	$299.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$162.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$159.92M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-23.54M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-29.52M	USD	Point-in-time
Treasury stock, at cost - 494 and 350 shares in 2016 and 2015, respectively	`TreasuryStockValue`	$3.43M	USD	Point-in-time
Treasury stock, at cost - 494 and 350 shares in 2016 and 2015, respectively	`TreasuryStockValue`	$934.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$135.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$129.78M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.02B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.05B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Resident revenue	`HealthCareOrganizationResidentServiceRevenue`	$109.17M	USD	1 Quarter
Resident revenue	`HealthCareOrganizationResidentServiceRevenue`	$98.64M	USD	1 Quarter
Operating expenses (exclusive of facility lease expense and depreciation and amortization expense shown below)	`OperatingExpensesExclusiveOfFacilityLeaseExpenseAndDepreciationAndAmortizationExpenseShownBelow`	$66.52M	USD	1 Quarter
Operating expenses (exclusive of facility lease expense and depreciation and amortization expense shown below)	`OperatingExpensesExclusiveOfFacilityLeaseExpenseAndDepreciationAndAmortizationExpenseShownBelow`	$60.13M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.25M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.01M	USD	1 Quarter
Facility lease expense	`LeaseAndRentalExpense`	$15.26M	USD	1 Quarter
Facility lease expense	`LeaseAndRentalExpense`	$15.21M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.51M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.73M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$14.53M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$12.79M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$105.02M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$94.92M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.72M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.15M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$13.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$9.98M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$8.36M	USD	1 Quarter
Write-off of deferred loan costs and prepayment premiums	`WriteOffOfDeferredDebtIssuanceCost`	$871.00K	USD	1 Quarter
Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-31.00K	USD	1 Quarter
Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-106.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.60M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$137.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$439.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.98M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.04M	USD	1 Quarter
Basic net loss per share	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Basic net loss per share	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.57M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.75M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.75M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.57M	shares	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.98M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-6.04M	USD	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.98M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.79M	USD	1 Quarter
Amortization of deferred financing charges	`AmortizationOfFinancingCosts`	$306.00K	USD	1 Quarter
Amortization of deferred financing charges	`AmortizationOfFinancingCosts`	$278.00K	USD	1 Quarter
Amortization of deferred lease costs and lease intangibles	`AmortizationOfDeferredLeasingFees`	$316.00K	USD	1 Quarter
Amortization of deferred lease costs and lease intangibles	`AmortizationOfDeferredLeasingFees`	$-225.00K	USD	1 Quarter
Deferred income	`RecognitionOfDeferredRevenue`	$58.00K	USD	1 Quarter
Deferred income	`RecognitionOfDeferredRevenue`	$-82.00K	USD	1 Quarter
Lease incentives	`LeaseIncentives`	$868.00K	USD	1 Quarter
Write-off of deferred loan costs and prepayment penalties	`WriteOffOfDeferredDebtIssuanceCost`	$871.00K	USD	1 Quarter
Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-31.00K	USD	1 Quarter
Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-106.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$487.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$264.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.51M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-476.00K	USD	1 Quarter
Accounts receivable from affiliates	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-2.00K	USD	1 Quarter
Property tax and insurance deposits	`PropertyTaxAndInsuranceDepositsChangesInOperatingAssetsAndLiabilities`	$3.90M	USD	1 Quarter
Property tax and insurance deposits	`PropertyTaxAndInsuranceDepositsChangesInOperatingAssetsAndLiabilities`	$4.43M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-972.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.86M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.08M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$226.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.74M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.79M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.60M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.30M	USD	1 Quarter
Federal and state income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-178.00K	USD	1 Quarter
Federal and state income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-307.00K	USD	1 Quarter
Deferred resident revenue	`IncreaseDecreaseInDeferredRevenue`	$-860.00K	USD	1 Quarter
Deferred resident revenue	`IncreaseDecreaseInDeferredRevenue`	$-496.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-31.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$10.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.79M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$13.77M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.50M	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$64.75M	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$47.81M	USD	1 Quarter
Proceeds from disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$35.67M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-78.52M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-17.64M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$46.30M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$80.49M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$4.46M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$62.85M	USD	1 Quarter
Increase in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-5.00K	USD	1 Quarter
Increase in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-4.00K	USD	1 Quarter
Cash payments for capital lease obligations	`CashPaymentsForCapitalLeaseObligations`	$172.00K	USD	1 Quarter
Cash payments for capital lease obligations	`CashPaymentsForCapitalLeaseObligations`	$288.00K	USD	1 Quarter
Cash proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.00K	USD	1 Quarter
Cash proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.00K	USD	1 Quarter
Excess tax benefits on stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$111.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$2.50M	USD	1 Quarter
Deferred financing charges paid	`PaymentsOfFinancingCosts`	$863.00K	USD	1 Quarter
Deferred financing charges paid	`PaymentsOfFinancingCosts`	$562.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$38.50M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$16.72M	USD	1 Quarter
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.28M	USD	1 Quarter
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.86M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.21M	USD	Point-in-time
Interest	`InterestPaidNet`	$7.93M	USD	1 Quarter
Interest	`InterestPaidNet`	$9.55M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$18.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$23.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.