ASSETS

Current Assets:

Cash and cash equivalents

Accounts receivable, net

Income taxes receivable

Due from unconsolidated communities

Deferred income taxes, net

Restricted cash

Assets held for sale

Prepaid expenses and other current assets

Total current assets

Property and equipment, net

Intangible assets, net

Investments in unconsolidated communities

Restricted cash

Restricted investments in marketable securities

Assets held in the liquidating trust

Other assets, net

Total assets

LIABILITIES AND EQUITY

Current Liabilities:

Current maturities of debt

Outstanding draws on bank credit facility

Liquidating trust notes, at fair value

Accounts payable and accrued expenses

Due to unconsolidated communities

Deferred revenue

Entrance fees

Self-insurance liabilities

Total current liabilities

Debt, less current maturities

Investment accounted for under the profit-sharing method

Self-insurance liabilities

Deferred gains on the sale of real estate and deferred revenues

Deferred income tax liabilities

Interest rate swap

Other long-term liabilities, net

Total liabilities

Equity:

Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding

Common stock, $0.01 par value, 120,000,000 shares authorized, 57,640,010 shares issued and outstanding, net of 509,577 treasury shares

Additional paid-in capital

Retained loss

Accumulated other comprehensive income

Total stockholders’equity

Noncontrolling interests

Total equity

Total liabilities and equity

Operating revenue:

Management fees

Buyout fees

Resident fees for consolidated communities

Ancillary fees

Professional fees from development, marketing and other

Reimbursed costs incurred on behalf of managed communities

Total operating revenues

Operating expenses:

Community expense for consolidated communities

Community lease expense

Depreciation and amortization

Ancillary expenses

General and administrative

Carrying costs of liquidating trust assets

Provision for doubtful accounts

Gain on financial guarantees and other contracts

Impairment of long-lived assets

Costs incurred on behalf of managed communities

Total operating expenses

(Loss) income from operations

Other non-operating income (expense):

Interest income

Interest expense

(777

)(9) 

Gain on fair value of pre-existing equity interest from a business combination

Gain on fair value of liquidating trust notes

Other expense

Total other non-operating expense

Gain on the sale and development of real estate and equity interests

Sunrise’s share of earnings (loss) and return on investment in unconsolidated communities

Loss from investments accounted for under the profit-sharing method

(Loss) income from continuing operations before benefit from income taxes

Provision for income taxes

(Loss) income from continuing operations

Earnings per share data:

Basic net loss per common share

Loss from continuing operations

Diluted net loss per common share

Loss from continuing operations

Weighted-average shares outstanding — basic

Weighted-average shares outstanding — diluted