DAVITA INC
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Oct 29, 2024
DVA$191.35-1.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income for the three and nine months ended September 30, 2024 and September 30, 2023
CONSOLIDATED STATEMENTS OF INCOME
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Dialysis patient service revenues | $3,138,561 | $2,951,950 | $9,141,195 | $8,602,669 |
| Other revenues | 125,029 | 169,382 | 379,672 | 391,731 |
| Total revenues | 3,263,590 | 3,121,332 | 9,520,867 | 8,994,400 |
| Operating expenses: | ||||
| Patient care costs | 2,151,875 | 2,067,315 | 6,373,150 | 6,181,348 |
| General and administrative | 393,534 | 376,883 | 1,123,859 | 1,072,513 |
| Depreciation and amortization | 187,014 | 188,423 | 549,758 | 550,166 |
| Equity investment income, net | (3,711) | (7,228) | (15,874) | (22,502) |
| Gain on changes in ownership interest | — | — | (35,147) | — |
| Total operating expenses | 2,728,712 | 2,625,393 | 7,995,746 | 7,781,525 |
| Operating income | 534,878 | 495,939 | 1,525,121 | 1,212,875 |
| Debt expense | (134,583) | (98,080) | (331,748) | (302,361) |
| Debt prepayment, extinguishment and modification costs | (10,081) | — | (19,813) | (7,962) |
| Other loss, net | (16,780) | (19,650) | (56,900) | (14,525) |
| Income before income taxes | 373,434 | 378,209 | 1,116,660 | 888,027 |
| Income tax expense | 77,674 | 68,848 | 215,168 | 161,621 |
| Net income | 295,760 | 309,361 | 901,492 | 726,406 |
| Less: Net income attributable to noncontrolling interests | (81,072) | (62,729) | (224,479) | (185,536) |
| Net income attributable to DaVita Inc. | $214,688 | $246,632 | $677,013 | $540,870 |
| Earnings per share attributable to DaVita Inc.: | ||||
| Basic net income | $2.56 | $2.70 | $7.86 | $5.95 |
| Diluted net income | $2.50 | $2.62 | $7.66 | $5.80 |
| Weighted average shares for earnings per share: | ||||
| Basic shares | 83,721 | 91,322 | 86,123 | 90,937 |
| Diluted shares | 85,795 | 94,041 | 88,422 | 93,317 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(dollars in thousands)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income | $295,760 | $309,361 | $901,492 | $726,406 |
| Other comprehensive income (loss), net of tax: | ||||
| Unrealized (losses) gains on interest rate cap agreements: | ||||
| Unrealized (losses) gains | (21,576) | 6,996 | (2,340) | 28,305 |
| Reclassifications of net realized gains into net income | (1,870) | (21,198) | (45,539) | (55,895) |
| Unrealized gains (losses) on foreign currency translation: | 56,202 | (47,644) | (62,371) | 27,878 |
| Other comprehensive income (loss) | 32,756 | (61,846) | (110,250) | 288 |
| Total comprehensive income | 328,516 | 247,515 | 791,242 | 726,694 |
| Less: Comprehensive income attributable to noncontrolling interests | (81,072) | (62,729) | (224,479) | (185,536) |
| Comprehensive income attributable to DaVita Inc. | $247,444 | $184,786 | $566,763 | $541,158 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.