Sabra Health Care REIT Inc
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
SBRA$21.32-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $126,712 | $13,756 | $(77,605) |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 169,623 | 183,087 | 187,782 |
| Non-cash rental and related revenues | (3,856) | (8,699) | 2,183 |
| Non-cash interest income | 29 | (372) | (2,285) |
| Non-cash interest expense | 10,479 | 12,265 | 11,094 |
| Stock-based compensation expense | 8,987 | 7,917 | 7,453 |
| Loss on extinguishment of debt | — | 1,541 | 411 |
| (Recovery of) provision for loan losses | (571) | 191 | 141 |
| Net (gain) loss on sales of real estate | (2,095) | 76,625 | 12,011 |
| Impairment of real estate | 18,472 | 14,332 | 94,042 |
| Other-than-temporary impairment of unconsolidated joint ventures | — | — | 57,778 |
| Loss from unconsolidated joint ventures | 397 | 2,897 | 40,254 |
| Distributions of earnings from unconsolidated joint ventures | 5,447 | 3,469 | — |
| Other non-cash items | (534) | (3,704) | 2,167 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, prepaid expenses and other assets, net | (15,462) | (11,078) | (6,443) |
| Accounts payable and accrued liabilities | (7,087) | 8,344 | (13,250) |
| Net cash provided by operating activities | 310,541 | 300,571 | 315,733 |
| Cash flows from investing activities: | |||
| Acquisition of real estate | (136,430) | (78,530) | (92,204) |
| Origination and fundings of loans receivable | (21,645) | (11,418) | (23,812) |
| Origination and fundings of preferred equity investments | (2,832) | (11,023) | (8,021) |
| Additions to real estate | (54,712) | (84,855) | (54,473) |
| Escrow deposits for potential investments | — | — | (780) |
| Repayments of loans receivable | 3,551 | 9,274 | 5,272 |
| Repayments of preferred equity investments | 5,944 | 5,460 | 5,376 |
| Investment in unconsolidated joint ventures | (1,258) | (5,235) | (142,910) |
| Net proceeds from the sales of real estate | 95,999 | 247,622 | 87,304 |
| Deposits for potential sale of real estate | — | — | 8,000 |
| Net proceeds from sales-type lease | — | 25,490 | — |
| Insurance proceeds | 2,382 | 5,801 | — |
| Distributions in excess of earnings from unconsolidated joint ventures | — | 544 | — |
| Net cash (used in) provided by investing activities | (109,001) | 103,130 | (216,248) |
| Cash flows from financing activities: | |||
| Net borrowings from (repayments of) revolving credit facility | 14,595 | (104,338) | 204,046 |
| Proceeds from term loans | — | 12,188 | — |
| Principal payments on term loans | — | — | (63,750) |
| Principal payments on secured debt | (2,033) | (1,979) | (17,516) |
| Payments of deferred financing costs | (94) | (18,142) | (20) |
| Payment of contingent consideration | — | (17,900) | (2,500) |
| Issuance of common stock, net | 86,121 | (2,682) | (4,810) |
| Dividends paid on common stock | (280,150) | (277,447) | (277,157) |
| Net cash used in financing activities | (181,561) | (410,300) | (161,707) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 19,979 | (6,599) | (62,222) |
| Effect of foreign currency translation on cash, cash equivalents and restricted cash | (359) | (614) | 268 |
| Cash, cash equivalents and restricted cash, beginning of period | 46,719 | 53,932 | 115,886 |
| Cash, cash equivalents and restricted cash, end of period | $66,339 | $46,719 | $53,932 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | $105,200 | $102,409 | $97,723 |
| Income taxes paid | $1,389 | $1,670 | $1,657 |
| Supplemental disclosure of non-cash investing activities: | |||
| Decrease in loans receivable and other investments due to acquisition of real estate | $— | $4,644 | $14,311 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.