DAVITA INC
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
DVA$191.35-1.8%Stored close · as of Nov 6, 2026
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Consolidated Statements of Income for the three and six months ended June 30, 2024 and June 30, 2023
CONSOLIDATED STATEMENTS OF INCOME
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Dialysis patient service revenues | $3,061,102 | $2,890,685 | $6,002,634 | $5,650,719 |
| Other revenues | 125,620 | 109,684 | 254,643 | 222,349 |
| Total revenues | 3,186,722 | 3,000,369 | 6,257,277 | 5,873,068 |
| Operating expenses: | ||||
| Patient care costs | 2,142,299 | 2,055,844 | 4,221,275 | 4,114,033 |
| General and administrative | 367,845 | 364,016 | 730,325 | 695,630 |
| Depreciation and amortization | 175,661 | 183,672 | 362,744 | 361,743 |
| Equity investment income, net | (5,481) | (8,454) | (12,163) | (15,274) |
| Gain on changes in ownership interest | — | — | (35,147) | — |
| Total operating expenses | 2,680,324 | 2,595,078 | 5,267,034 | 5,156,132 |
| Operating income | 506,398 | 405,291 | 990,243 | 716,936 |
| Debt expense | (97,747) | (103,507) | (197,165) | (204,281) |
| Debt prepayment, extinguishment and modification costs | (9,732) | (7,962) | (9,732) | (7,962) |
| Other (loss) income, net | (27,479) | 1,373 | (40,120) | 5,125 |
| Income before income taxes | 371,440 | 295,195 | 743,226 | 509,818 |
| Income tax expense | 71,688 | 48,818 | 137,494 | 92,773 |
| Net income | 299,752 | 246,377 | 605,732 | 417,045 |
| Less: Net income attributable to noncontrolling interests | (77,076) | (67,686) | (143,407) | (122,807) |
| Net income attributable to DaVita Inc. | $222,676 | $178,691 | $462,325 | $294,238 |
| Earnings per share attributable to DaVita Inc.: | ||||
| Basic net income | $2.56 | $1.96 | $5.29 | $3.24 |
| Diluted net income | $2.50 | $1.91 | $5.15 | $3.17 |
| Weighted average shares for earnings per share: | ||||
| Basic shares | 86,899 | 90,984 | 87,337 | 90,742 |
| Diluted shares | 88,950 | 93,418 | 89,749 | 92,952 |
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