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10-Q Filing

SONIDA SENIOR LIVING, INC. CIK: 1043000 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001628280-21-010297
Period End Date 20210331
Filing Date 20210514
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance csu-20210331_htm.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in USD per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in USD per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 15.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 15.00M shares Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $16.77M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.89M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.73M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $4.98M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $4.98M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $10.14M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $3.93M USD Point-in-time
Common stock, par value (in USD per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $5.82M USD Point-in-time
Common stock, par value (in USD per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Federal and state income taxes receivable IncomeTaxesReceivable - USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 4.33M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 4.33M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 65.00M shares Point-in-time
Federal and state income taxes receivable IncomeTaxesReceivable $76.00K USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 2.18M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 31.27M shares Point-in-time
Property tax and insurance deposits EscrowDeposit $7.64M USD Point-in-time
Property tax and insurance deposits EscrowDeposit $4.45M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 2.08M shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $7.03M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 2.18M shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $5.12M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 2.08M shares Point-in-time
Total current assets AssetsCurrent $35.25M USD Point-in-time
Total current assets AssetsCurrent $43.43M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $647.89M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $655.73M USD Point-in-time
Operating lease right-of-use assets, net OperatingLeaseRightOfUseAsset $287.00K USD Point-in-time
Operating lease right-of-use assets, net OperatingLeaseRightOfUseAsset $536.00K USD Point-in-time
Other assets, net OtherAssetsNoncurrent $3.14M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $3.47M USD Point-in-time
Total assets Assets $702.83M USD Point-in-time
Total assets Assets $686.90M USD Point-in-time
Accounts payable AccountsPayableCurrent $12.13M USD Point-in-time
Accounts payable AccountsPayableCurrent $14.97M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $48.52M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $41.99M USD Point-in-time
Current portion of notes payable, net of deferred loan costs NotesAndLoansPayableCurrent $304.16M USD Point-in-time
Current portion of notes payable, net of deferred loan costs NotesAndLoansPayableCurrent $261.35M USD Point-in-time
Current portion of deferred income DeferredIncomeCurrent $3.98M USD Point-in-time
Current portion of deferred income DeferredIncomeCurrent $3.88M USD Point-in-time
Current portion of lease liabilities LeaseLiabilityCurrent $245.00K USD Point-in-time
Current portion of lease liabilities LeaseLiabilityCurrent $421.00K USD Point-in-time
Federal and state income taxes payable TaxesPayableCurrent $249.00K USD Point-in-time
Federal and state income taxes payable TaxesPayableCurrent $383.00K USD Point-in-time
Customer deposits ContractWithCustomerLiabilityCurrent $779.00K USD Point-in-time
Customer deposits ContractWithCustomerLiabilityCurrent $822.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $320.76M USD Point-in-time
Total current liabilities LiabilitiesCurrent $373.12M USD Point-in-time
Lease liabilities, net of current portion LeaseLiabilityNoncurrent $257.00K USD Point-in-time
Lease liabilities, net of current portion LeaseLiabilityNoncurrent $533.00K USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $3.71M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $3.71M USD Point-in-time
Notes payable, net of deferred loan costs and current portion LongTermNotesAndLoans $602.42M USD Point-in-time
Notes payable, net of deferred loan costs and current portion LongTermNotesAndLoans $604.73M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.01 par value: PreferredStockValue - USD Point-in-time
Preferred stock, $0.01 par value: PreferredStockValue - USD Point-in-time
Authorized shares 4,333; issued and outstanding shares 2,182 and 2,084 in 2021 and 2020, respectively CommonStockValue $21.00K USD Point-in-time
Authorized shares 4,333; issued and outstanding shares 2,182 and 2,084 in 2021 and 2020, respectively CommonStockValue $22.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $188.98M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $189.14M USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-468.26M USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-429.42M USD Point-in-time
Total shareholders deficit StockholdersEquity $-279.26M USD Point-in-time
Total shareholders deficit StockholdersEquity $14.38M USD Point-in-time
Total shareholders deficit StockholdersEquity $-32.21M USD Point-in-time
Total shareholders deficit StockholdersEquity $-240.25M USD Point-in-time
Total liabilities and shareholders deficit LiabilitiesAndStockholdersEquity $702.83M USD Point-in-time
Total liabilities and shareholders deficit LiabilitiesAndStockholdersEquity $686.90M USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $61.65M USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $106.13M USD 1 Quarter
Operating expenses (exclusive of facility lease expense and depreciation and amortization expense shown below) OperatingCostsAndExpenses $36.76M USD 1 Quarter
Operating expenses (exclusive of facility lease expense and depreciation and amortization expense shown below) OperatingCostsAndExpenses $75.40M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $6.43M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $7.19M USD 1 Quarter
Facility lease expense LeaseAndRentalExpense $10.79M USD 1 Quarter
Facility lease expense LeaseAndRentalExpense - USD 1 Quarter
Stock-based compensation expense LaborAndRelatedExpense $596.00K USD 1 Quarter
Stock-based compensation expense LaborAndRelatedExpense $166.00K USD 1 Quarter
Depreciation and amortization expense DepreciationAndAmortization $15.71M USD 1 Quarter
Depreciation and amortization expense DepreciationAndAmortization $9.28M USD 1 Quarter
Long-lived asset impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 1 Quarter
Long-lived asset impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $35.95M USD 1 Quarter
Community reimbursement expense CommunityReimbursementExpense $457.00K USD 1 Quarter
Community reimbursement expense CommunityReimbursementExpense $15.26M USD 1 Quarter
Total expenses CostsAndExpenses $68.65M USD 1 Quarter
Total expenses CostsAndExpenses $145.35M USD 1 Quarter
Interest income InvestmentIncomeInterest $54.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $4.00K USD 1 Quarter
Interest expense InterestExpense $11.67M USD 1 Quarter
Interest expense InterestExpense $9.37M USD 1 Quarter
Gain on facility lease modification and termination, net GainLossOnModificationAndTerminationOfLease - USD 1 Quarter
Gain on facility lease modification and termination, net GainLossOnModificationAndTerminationOfLease $11.24M USD 1 Quarter
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $47.00M USD 1 Quarter
Loss on disposition of assets, net GainLossOnSaleOfPropertyPlantEquipment $-421.00K USD 1 Quarter
Loss on disposition of assets, net GainLossOnSaleOfPropertyPlantEquipment $-7.36M USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $8.71M USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $1.00K USD 1 Quarter
Income (loss) from continuing operations before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-46.95M USD 1 Quarter
Income (loss) from continuing operations before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $38.91M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $63.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $232.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $38.84M USD 1 Quarter
Net income (loss) NetIncomeLoss $-47.18M USD 1 Quarter
Basic net income (loss) per share (in USD per share) EarningsPerShareBasic $-23.28 USD 1 Quarter
Basic net income (loss) per share (in USD per share) EarningsPerShareBasic $18.87 USD 1 Quarter
Diluted net income (loss) per share (in USD per share) EarningsPerShareDiluted $-23.28 USD 1 Quarter
Diluted net income (loss) per share (in USD per share) EarningsPerShareDiluted $18.80 USD 1 Quarter
Weighted average shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 2.06M shares 1 Quarter
Weighted average shares outstanding basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 2.03M shares 1 Quarter
Weighted average shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 2.07M shares 1 Quarter
Weighted average shares outstanding diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 2.03M shares 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $38.84M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-47.18M USD 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $38.84M USD 1 Quarter
Net income (loss) NetIncomeLoss $-47.18M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $9.28M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $15.71M USD 1 Quarter
Amortization of deferred financing charges AmortizationOfFinancingCosts $464.00K USD 1 Quarter
Amortization of deferred financing charges AmortizationOfFinancingCosts $358.00K USD 1 Quarter
Deferred income IncreaseDecreaseInContractWithCustomerAsset $-137.00K USD 1 Quarter
Deferred income IncreaseDecreaseInContractWithCustomerAsset $244.00K USD 1 Quarter
Operating lease expense adjustment OperatingLeaseExpenseAdjustment $264.00K USD 1 Quarter
Operating lease expense adjustment OperatingLeaseExpenseAdjustment $3.31M USD 1 Quarter
Loss on disposition of assets, net GainLossOnDispositionOfAssets1 $-421.00K USD 1 Quarter
Loss on disposition of assets, net GainLossOnDispositionOfAssets1 $-7.36M USD 1 Quarter
Gain on facility lease modification and termination, net GainLossOnModificationAndTerminationOfLease - USD 1 Quarter
Gain on facility lease modification and termination, net GainLossOnModificationAndTerminationOfLease $11.24M USD 1 Quarter
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $47.00M USD 1 Quarter
Long-lived asset impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 1 Quarter
Long-lived asset impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $35.95M USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $365.00K USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $745.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $166.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $596.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-1.53M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $72.00K USD 1 Quarter
Property tax and insurance deposits IncreaseDecreaseInPropertyTaxAndInsuranceDeposits $3.19M USD 1 Quarter
Property tax and insurance deposits IncreaseDecreaseInPropertyTaxAndInsuranceDeposits $4.06M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.88M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-893.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $332.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $164.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-933.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.05M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-4.30M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-7.65M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities - USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $13.00K USD 1 Quarter
Federal and state income taxes receivable/payable IncreaseDecreaseInIncomeTaxesReceivable $-210.00K USD 1 Quarter
Federal and state income taxes receivable/payable IncreaseDecreaseInIncomeTaxesReceivable $-224.00K USD 1 Quarter
Deferred resident revenue IncreaseDecreaseInDeferredRevenue $-424.00K USD 1 Quarter
Deferred resident revenue IncreaseDecreaseInDeferredRevenue $143.00K USD 1 Quarter
Customer deposits IncreaseDecreaseInContractWithCustomerLiability $-43.00K USD 1 Quarter
Customer deposits IncreaseDecreaseInContractWithCustomerLiability $-69.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $3.26M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-5.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $5.35M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $2.11M USD 1 Quarter
Proceeds from disposition of assets ProceedsFromSaleOfProductiveAssets - USD 1 Quarter
Proceeds from disposition of assets ProceedsFromSaleOfProductiveAssets $6.40M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-2.11M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $1.04M USD 1 Quarter
Proceeds from notes payable ProceedsFromNotesPayable - USD 1 Quarter
Proceeds from notes payable ProceedsFromNotesPayable $1.15M USD 1 Quarter
Repayments of notes payable RepaymentsOfNotesPayable $4.92M USD 1 Quarter
Repayments of notes payable RepaymentsOfNotesPayable $3.41M USD 1 Quarter
Cash payments for financing lease and financing obligations RepaymentsOfDebtAndCapitalLeaseObligations $313.00K USD 1 Quarter
Cash payments for financing lease and financing obligations RepaymentsOfDebtAndCapitalLeaseObligations $17.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-2.27M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-5.24M USD 1 Quarter
Decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.12M USD 1 Quarter
Decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-9.19M USD 1 Quarter
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $37.06M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $22.87M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $21.75M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $27.87M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $37.06M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $22.87M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $21.75M USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $27.87M USD Point-in-time
Interest InterestPaidNet $10.80M USD 1 Quarter
Interest InterestPaidNet $7.74M USD 1 Quarter
Lease modification and termination ModificationAndTerminationOfLease $250.00K USD 1 Quarter
Lease modification and termination ModificationAndTerminationOfLease - USD 1 Quarter
Income taxes IncomeTaxesPaidNet $9.00K USD 1 Quarter
Income taxes IncomeTaxesPaidNet $3.00K USD 1 Quarter
Stockholders Equity 14 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $-279.26M USD Point-in-time
Beginning Balance StockholdersEquity $14.38M USD Point-in-time
Beginning Balance StockholdersEquity $-32.21M USD Point-in-time
Beginning Balance StockholdersEquity $-240.25M USD Point-in-time
Restricted stock awards (cancellations), net StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Restricted stock awards (cancellations), net StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $166.00K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $596.00K USD 1 Quarter
Net loss NetIncomeLoss $38.84M USD 1 Quarter
Net loss NetIncomeLoss $-47.18M USD 1 Quarter
Ending Balance StockholdersEquity $-279.26M USD Point-in-time
Ending Balance StockholdersEquity $14.38M USD Point-in-time
Ending Balance StockholdersEquity $-32.21M USD Point-in-time
Ending Balance StockholdersEquity $-240.25M USD Point-in-time

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

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