SONIDA SENIOR LIVING, INC.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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FY2024 · Filed Mar 17, 2025
SNDA$33.74+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets — December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $16,992 | $4,082 |
| Restricted cash | 22,095 | 13,668 |
| Accounts receivable, net of allowance for credit losses of $7.9 million and $5.3 million, respectively | 18,965 | 8,017 |
| Prepaid expenses and other assets | 4,634 | 4,475 |
| Derivative assets | 1,403 | 2,103 |
| Total current assets | 64,089 | 32,345 |
| Property and equipment, net | 739,884 | 588,179 |
| Investment in unconsolidated entity | 10,943 | — |
| Intangible assets, net | 24,526 | 622 |
| Other assets, net | 2,479 | 314 |
| Total assets | $841,921 | $621,460 |
| Liabilities: | ||
| Current liabilities: | ||
| Accounts payable | $9,031 | $11,375 |
| Accrued expenses | 45,024 | 42,388 |
| Current portion of debt, net of deferred loan costs | 15,486 | 42,323 |
| Deferred income | 5,361 | 4,041 |
| Federal and state income taxes payable | 243 | 215 |
| Other current liabilities | 470 | 519 |
| Total current liabilities | 75,615 | 100,861 |
| Long-term debt, net of deferred loan costs | 635,904 | 587,099 |
| Other long-term liabilities | 793 | 49 |
| Total liabilities | 712,312 | 688,009 |
| Commitments and contingencies (Note 12) | ||
| Redeemable preferred stock: | ||
| Series A convertible preferred stock, $0.01 par value; 41 shares authorized, 41 shares issued and outstanding as of December 31, 2024 and 2023 | 51,249 | 48,542 |
| Equity: | ||
| Sonida’s shareholders’ equity (deficit): | ||
| Preferred stock, $0.01 par value: | ||
| Authorized shares — 15,000 as of December 31, 2024 and 2023; none issued or outstanding, except Series A convertible preferred stock as noted above | — | — |
| Common stock, $0.01 par value: | ||
| Authorized shares — 30,000 and 15,000 as of December 31, 2024 and 2023, respectively; 18,992 and 8,178 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 190 | 82 |
| Additional paid-in capital | 491,819 | 302,992 |
| Retained deficit | (420,224) | (418,165) |
| Total Sonida shareholders’ equity (deficit) | 71,785 | (115,091) |
| Noncontrolling interest: | 6,575 | — |
| Total equity (deficit) | 78,360 | (115,091) |
| Total liabilities, redeemable preferred stock and equity (deficit) | $841,921 | $621,460 |
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