10-Q Filing

SONIDA SENIOR LIVING, INC. CIK: 1043000 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-158418`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	csu-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 40 Cash Flow Statement 79

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`	$12.61M	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`	$31.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.03M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$13.30M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$13.30M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.39M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$13.68M	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`	$14.66M	USD	Point-in-time
Property tax and insurance deposits	`EscrowDeposit`	$10.24M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	65.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.01M	shares	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$6.37M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$5.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.81M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.01M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$82.03M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	494,000.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	494,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.03B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.12B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$31.32M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$23.33M	USD	Point-in-time
Total assets	`Assets`	$1.19B	USD	Point-in-time
Total assets	`Assets`	$1.15B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.17M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$39.06M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$31.23M	USD	Point-in-time
Current portion of notes payable, net of deferred loan costs	`NotesAndLoansPayableCurrent`	$16.62M	USD	Point-in-time
Current portion of notes payable, net of deferred loan costs	`NotesAndLoansPayableCurrent`	$17.89M	USD	Point-in-time
Current portion of deferred income	`DeferredRevenueCurrent`	$15.27M	USD	Point-in-time
Current portion of deferred income	`DeferredRevenueCurrent`	$16.28M	USD	Point-in-time
Current portion of capital lease and financing obligations	`CapitalLeaseObligationsCurrent`	$2.52M	USD	Point-in-time
Current portion of capital lease and financing obligations	`CapitalLeaseObligationsCurrent`	$1.34M	USD	Point-in-time
Federal and state income taxes payable	`FederalAndStateIncomeTaxesPayable`	$360.00K	USD	Point-in-time
Federal and state income taxes payable	`FederalAndStateIncomeTaxesPayable`	$218.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.51M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$74.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$81.39M	USD	Point-in-time
Deferred income	`DeferredRevenueNoncurrent`	$11.45M	USD	Point-in-time
Deferred income	`DeferredRevenueNoncurrent`	$12.21M	USD	Point-in-time
Capital lease and financing obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$51.59M	USD	Point-in-time
Capital lease and financing obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$37.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$13.72M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$15.32M	USD	Point-in-time
Notes payable, net of deferred loan costs and current portion	`NotesAndLoansPayableNonCurrent`	$942.98M	USD	Point-in-time
Notes payable, net of deferred loan costs and current portion	`NotesAndLoansPayableNonCurrent`	$882.50M	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 30,306 and 30,012 in 2017 and 2016, respectively	`CommonStockValue`	$308.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 65,000; issued and outstanding shares 30,306 and 30,012 in 2017 and 2016, respectively	`CommonStockValue`	$305.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$173.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$171.60M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-73.58M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-51.56M	USD	Point-in-time
Treasury stock, at cost - 494 shares in 2017 and 2016, respectively	`TreasuryStockValue`	$3.43M	USD	Point-in-time
Treasury stock, at cost - 494 shares in 2017 and 2016, respectively	`TreasuryStockValue`	$3.43M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$97.01M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$116.92M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.19B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.15B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Resident revenue	`HealthCareOrganizationResidentServiceRevenue`	$115.99M	USD	1 Quarter
Resident revenue	`HealthCareOrganizationResidentServiceRevenue`	$109.17M	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`	$72.78M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.23M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.25M	USD	1 Quarter
Facility lease expense	`LeaseAndRentalExpense`	$15.21M	USD	1 Quarter
Facility lease expense	`LeaseAndRentalExpense`	$14.59M	USD	1 Quarter
Loss on facility lease termination	`LossOnContractTermination`	$12.86M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.93M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.51M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$17.21M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$14.53M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$125.60M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$105.02M	USD	1 Quarter
(Loss) Income from operations	`OperatingIncomeLoss`	$-9.61M	USD	1 Quarter
(Loss) Income from operations	`OperatingIncomeLoss`	$4.15M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$9.98M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$12.01M	USD	1 Quarter
Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-31.00K	USD	1 Quarter
Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-125.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.85M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$123.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$137.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.98M	USD	1 Quarter
Basic net loss per share	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Basic net loss per share	`EarningsPerShareBasic`	$-0.75	USD	1 Quarter
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.75	USD	1 Quarter
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.75M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	29.29M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.75M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.29M	shares	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-21.84M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.98M	USD	1 Quarter

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-21.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.53M	USD	1 Quarter
Amortization of deferred financing charges	`AmortizationOfFinancingCosts`	$278.00K	USD	1 Quarter
Amortization of deferred financing charges	`AmortizationOfFinancingCosts`	$388.00K	USD	1 Quarter
Amortization of deferred lease costs and lease intangibles, net	`AmortizationAccretionOfDeferredLeasingFees`	$-45.00K	USD	1 Quarter
Amortization of deferred lease costs and lease intangibles, net	`AmortizationAccretionOfDeferredLeasingFees`	$223.00K	USD	1 Quarter
Amortization of lease incentives	`AmortizationOfLeaseIncentives`	$180.00K	USD	1 Quarter
Amortization of lease incentives	`AmortizationOfLeaseIncentives`	$295.00K	USD	1 Quarter
Deferred income	`RecognitionOfDeferredRevenueExpense`	$-82.00K	USD	1 Quarter
Deferred income	`RecognitionOfDeferredRevenueExpense`	$99.00K	USD	1 Quarter
Lease incentives	`LeaseIncentives`	$868.00K	USD	1 Quarter
Lease incentives	`LeaseIncentives`	$2.26M	USD	1 Quarter
Loss on facility lease termination	`LossOnContractTermination`	$12.86M	USD	1 Quarter
Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-31.00K	USD	1 Quarter
Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-125.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$487.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$443.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.93M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.51M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.22M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$799.00K	USD	1 Quarter
Property tax and insurance deposits	`PropertyTaxAndInsuranceDepositsChangesInOperatingAssetsAndLiabilities`	$4.42M	USD	1 Quarter
Property tax and insurance deposits	`PropertyTaxAndInsuranceDepositsChangesInOperatingAssetsAndLiabilities`	$4.43M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.10M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-972.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.73M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.08M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.79M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.11M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-7.83M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.30M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.69M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.45M	USD	1 Quarter
Federal and state income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-178.00K	USD	1 Quarter
Federal and state income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-142.00K	USD	1 Quarter
Deferred resident revenue	`IncreaseDecreaseInDeferredRevenue`	$-357.00K	USD	1 Quarter
Deferred resident revenue	`IncreaseDecreaseInDeferredRevenue`	$-860.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-31.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-38.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.13M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$12.71M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$13.77M	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$64.75M	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$85.00M	USD	1 Quarter
Proceeds from disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$12.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-78.52M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-97.70M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$46.30M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$65.00M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$4.46M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$5.29M	USD	1 Quarter
Increase in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-4.00K	USD	1 Quarter
Increase in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-4.00K	USD	1 Quarter
Cash payments for capital lease obligations	`CashPaymentsForCapitalLeaseObligations`	$288.00K	USD	1 Quarter
Cash payments for capital lease obligations	`CashPaymentsForCapitalLeaseObligations`	$667.00K	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`	$3.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$2.50M	USD	1 Quarter
Deferred financing charges paid	`PaymentsOfFinancingCosts`	$562.00K	USD	1 Quarter
Deferred financing charges paid	`PaymentsOfFinancingCosts`	$892.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$38.50M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$58.15M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.41M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.28M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	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`	$31.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	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`	$31.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.03M	USD	Point-in-time
Interest	`InterestPaidNet`	$9.55M	USD	1 Quarter
Interest	`InterestPaidNet`	$11.22M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$12.00K	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.