Leases (Tables)

12 Months Ended

Dec. 31, 2025

A summary of operating and financing lease expense (including the respective presentation on the consolidated statements of operations) and net cash outflows from leases is as follows.


	Years Ended December 31,
Operating Leases (in thousands)	2025		2024		2023
Facility operating expense	$	7,968	$	8,122	$	7,105
Facility lease expense	200,263		200,587		202,410
Operating lease expense	208,231		208,709		209,515
Operating lease expense adjustment (1)	14,349		48,793		45,739
Changes in operating lease assets and liabilities for lessor capital expenditure reimbursements	(32,187)		(16,362)		(9,844)
Operating net cash outflows from operating leases	$	190,393	$	241,140	$	245,410

(1) Represents the difference between the amount of cash operating lease payments and the amount of operating lease expense.


	Years Ended December 31,
Financing Leases (in thousands)	2025		2024		2023
Depreciation and amortization	$	4,652	$	15,275	$	16,444
Interest expense: financing lease obligations	10,797		27,761		21,950
Financing lease expense	$	15,449	$	43,036	$	38,394

Operating cash outflows from financing leases	$	10,797	$	27,761	$	21,950
Financing cash outflows from financing leases	1,195		1,084		8,473
Changes in financing lease assets and liabilities for lessor capital expenditure reimbursement	(388)		(598)		(475)
Total net cash outflows from financing leases	$	11,604	$	28,247	$	29,948

Schedule of Lessee, Operating Lease, Liability, Maturity

The aggregate amounts of future minimum lease payments, including community, office, and equipment leases, recognized on the consolidated balance sheet as of December 31, 2025 are as follows (in millions).


Year Ending December 31,	Operating Leases		Financing Leases
2026	$	184.5	$	7.1
2027	187.3		6.5
2028	184.5		6.3
2029	187.0		6.3
2030	179.6		6.3
Thereafter	919.9		9.3
Total lease payments	1,842.8		41.8


Imputed interest and variable lease payments	(644.7)		(36.9)
Non-cash gain on future sale of property	—		20.7
Total lease obligations	$	1,198.1	$	25.6

Schedule of Finance Lease, Liability, Maturity


Year Ending December 31,	Operating Leases		Financing Leases
2026	$	184.5	$	7.1
2027	187.3		6.5
2028	184.5		6.3
2029	187.0		6.3
2030	179.6		6.3
Thereafter	919.9		9.3
Total lease payments	1,842.8		41.8


Imputed interest and variable lease payments	(644.7)		(36.9)
Non-cash gain on future sale of property	—		20.7
Total lease obligations	$	1,198.1	$	25.6

Brookdale Senior Living Inc. 10-K