SONIDA SENIOR LIVING INC

For the period ended Dec 31, 2023. Filed Mar 27, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 27, 2024

SNDA$33.74+1.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets — December 31, 202 and

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

	December 31,
	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	$4,082	$16,913
Restricted cash	13,668	13,829
Accounts receivable, net	8,017	6,114
Federal and state income taxes receivable	—	2
Prepaid expenses and other assets	4,475	4,097
Derivative assets, current	2,103	2,611
Total current assets	32,345	43,566
Property and equipment, net	588,179	615,754
Derivative assets, non-current	—	111
Other assets, net	936	1,837
Total assets	$621,460	$661,268
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$11,375	$7,272
Accrued expenses	42,388	36,944
Current portion of notes payable, net of deferred loan costs	42,323	46,029
Current portion of deferred income	4,041	3,419
Federal and state income taxes payable	215	—
Other current liabilities	519	653
Total current liabilities	100,861	94,317
Other long-term liabilities	49	113
Notes payable, net of deferred loan costs and current portion	587,099	625,002
Total liabilities	688,009	719,432
Commitments and contingencies (Note 11)
Redeemable preferred stock:
Series A convertible preferred stock, $0.01 par value; 41 shares authorized, 41 shares issued and outstanding as of December 31, 2023 and 2022	48,542	43,550
Shareholders’ deficit:
Preferred stock, $0.01 par value:
Authorized shares — 15,000 as of December 31, 2023 and 2022; none issued or outstanding, except Series A convertible preferred stock as noted above	—	—
Common stock, $0.01 par value:
Authorized shares — 15,000 as of December 31, 2023 and 2022; 8,178 and 6,670 shares issued and outstanding as of December 31, 2023 and 2022, respectively	82	67
Additional paid-in capital	302,992	295,277
Retained deficit	(418,165)	(397,058)
Total shareholders’ deficit	(115,091)	(101,714)
Total liabilities, redeemable preferred stock and shareholders’ deficit	$621,460	$661,268

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.