10-Q Filing

SONIDA SENIOR LIVING, INC. CIK: 1043000 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-010230`
Period End Date	20180331
Filing Date	20180502
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	csu-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 41 Cash Flow Statement 72

Balance Sheet 80 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.94M	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
Restricted cash	`RestrictedCashCurrent`	$13.30M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$13.38M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$13.39M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.31M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$13.59M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property tax and insurance deposits	`EscrowDeposit`	$14.39M	USD	Point-in-time
Property tax and insurance deposits	`EscrowDeposit`	$9.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	65.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	65.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.13M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.50M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOtherCurrent`	$6.12M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOtherCurrent`	$6.33M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.13M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$64.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$52.40M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	494,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.10B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	494,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.09B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$18.84M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$18.08M	USD	Point-in-time
Total assets	`Assets`	$1.16B	USD	Point-in-time
Total assets	`Assets`	$1.18B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.80M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$34.05M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$40.75M	USD	Point-in-time
Current portion of notes payable, net of deferred loan costs	`NotesAndLoansPayableCurrent`	$18.52M	USD	Point-in-time
Current portion of notes payable, net of deferred loan costs	`NotesAndLoansPayableCurrent`	$19.73M	USD	Point-in-time
Current portion of deferred income	`DeferredRevenueCurrent`	$14.24M	USD	Point-in-time
Current portion of deferred income	`DeferredRevenueCurrent`	$13.84M	USD	Point-in-time
Current portion of capital lease and financing obligations	`CapitalLeaseObligationsCurrent`	$3.11M	USD	Point-in-time
Current portion of capital lease and financing obligations	`CapitalLeaseObligationsCurrent`	$2.88M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$573.00K	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$383.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.39M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$75.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.00M	USD	Point-in-time
Deferred income	`DeferredRevenueNoncurrent`	$9.56M	USD	Point-in-time
Deferred income	`DeferredRevenueNoncurrent`	$10.03M	USD	Point-in-time
Capital lease and financing obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$48.27M	USD	Point-in-time
Capital lease and financing obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$48.80M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.94M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.94M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.25M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.34M	USD	Point-in-time
Notes payable, net of deferred loan costs and current portion	`NotesAndLoansPayableNonCurrent`	$938.21M	USD	Point-in-time
Notes payable, net of deferred loan costs and current portion	`NotesAndLoansPayableNonCurrent`	$934.07M	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 31,133 and 30,505 in 2018 and 2017, respectively	`CommonStockValue`	$316.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares 65,000; issued and outstanding shares 31,133 and 30,505 in 2018 and 2017, respectively	`CommonStockValue`	$310.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$181.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$179.46M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-103.06M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-95.91M	USD	Point-in-time
Treasury stock, at cost 494 shares in 2018 and 2017	`TreasuryStockValue`	$3.43M	USD	Point-in-time
Treasury stock, at cost 494 shares in 2018 and 2017	`TreasuryStockValue`	$3.43M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$80.43M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$75.23M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.18B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.16B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Resident revenue	`HealthCareOrganizationResidentServiceRevenue`	$114.64M	USD	1 Quarter
Resident revenue	`HealthCareOrganizationResidentServiceRevenue`	$115.99M	USD	1 Quarter
Operating expenses (exclusive of facility lease expense and depreciation and amortization expense shown below)	`OperatingExpensesExclusiveOfFacilityLeaseExpenseAndDepreciationAndAmortizationExpenseShownBelow`	$72.78M	USD	1 Quarter
Operating expenses (exclusive of facility lease expense and depreciation and amortization expense shown below)	`OperatingExpensesExclusiveOfFacilityLeaseExpenseAndDepreciationAndAmortizationExpenseShownBelow`	$71.70M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.23M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.02M	USD	1 Quarter
Facility lease expense	`LeaseAndRentalExpense`	$14.21M	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`	$1.95M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.93M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$17.21M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$15.37M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$125.60M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$109.26M	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$5.39M	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-9.61M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$37.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$12.45M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$12.01M	USD	1 Quarter
Gain (Loss) on disposition of assets, net	`GainLossOnDispositionOfAssets`	$3.00K	USD	1 Quarter
Gain (Loss) on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-125.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.02M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$132.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$123.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.84M	USD	1 Quarter
Basic net loss per share	`EarningsPerShareBasic`	$-0.75	USD	1 Quarter
Basic net loss per share	`EarningsPerShareBasic`	$-0.24	USD	1 Quarter
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.24	USD	1 Quarter
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.75	USD	1 Quarter
Weighted average shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	29.63M	shares	1 Quarter
Weighted average shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	29.29M	shares	1 Quarter
Weighted average shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.63M	shares	1 Quarter
Weighted average shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.29M	shares	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.16M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-21.84M	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.37M	USD	1 Quarter
Amortization of deferred financing charges	`AmortizationOfFinancingCosts`	$388.00K	USD	1 Quarter
Amortization of deferred financing charges	`AmortizationOfFinancingCosts`	$428.00K	USD	1 Quarter
Amortization of deferred lease costs and lease intangibles	`AmortizationAccretionOfDeferredLeasingFees`	$223.00K	USD	1 Quarter
Amortization of deferred lease costs and lease intangibles	`AmortizationAccretionOfDeferredLeasingFees`	$212.00K	USD	1 Quarter
Amortization of lease incentives	`AmortizationOfLeaseIncentive`	$433.00K	USD	1 Quarter
Amortization of lease incentives	`AmortizationOfLeaseIncentive`	$295.00K	USD	1 Quarter
Deferred income	`RecognitionOfDeferredRevenueExpense`	$99.00K	USD	1 Quarter
Deferred income	`RecognitionOfDeferredRevenueExpense`	$61.00K	USD	1 Quarter
Lease incentives	`LeaseIncentives`	$2.26M	USD	1 Quarter
Loss on facility lease termination	`LossOnContractTermination`	$12.86M	USD	1 Quarter
(Gain) Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$3.00K	USD	1 Quarter
(Gain) Loss on disposition of assets, net	`GainLossOnDispositionOfAssets`	$-125.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$459.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$443.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.95M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.93M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$799.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.75M	USD	1 Quarter
Property tax and insurance deposits	`PropertyTaxAndInsuranceDepositsChangesInOperatingAssetsAndLiabilities`	$5.03M	USD	1 Quarter
Property tax and insurance deposits	`PropertyTaxAndInsuranceDepositsChangesInOperatingAssetsAndLiabilities`	$4.42M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.10M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-208.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.73M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-508.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.26M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.11M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-7.83M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.71M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.45M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$526.00K	USD	1 Quarter
Federal and state income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-142.00K	USD	1 Quarter
Federal and state income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-190.00K	USD	1 Quarter
Deferred resident revenue	`IncreaseDecreaseInDeferredRevenue`	$-12.00K	USD	1 Quarter
Deferred resident revenue	`IncreaseDecreaseInDeferredRevenue`	$-357.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-62.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-38.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.13M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.62M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$12.71M	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$85.00M	USD	1 Quarter
Proceeds from disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$12.00K	USD	1 Quarter
Proceeds from disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$3.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-97.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.61M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$65.00M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$5.72M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$5.29M	USD	1 Quarter
Cash payments for capital lease and financing obligations	`CashPaymentsForCapitalLeaseObligations`	$763.00K	USD	1 Quarter
Cash payments for capital lease and financing obligations	`CashPaymentsForCapitalLeaseObligations`	$667.00K	USD	1 Quarter
Deferred financing charges paid	`PaymentsOfFinancingCosts`	$889.00K	USD	1 Quarter
Deferred financing charges paid	`PaymentsOfFinancingCosts`	$42.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-6.53M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$58.16M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.41M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.70M	USD	1 Quarter
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.91M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.02M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.32M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.32M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.91M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.02M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.32M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.32M	USD	Point-in-time
Interest	`InterestPaidNet`	$11.90M	USD	1 Quarter
Interest	`InterestPaidNet`	$11.06M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$15.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$12.00K	USD	1 Quarter

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