DAVITA INC.
10-K & 10-Q Filings
DaVita Inc. is a leading healthcare provider focused on transforming care delivery to improve quality of life for patients globally. The company is one of the largest providers of kidney care services in the U.S., with over 2,675 outpatient dialysis centers in 46 states and the District of Columbia, serving approximately 200,800 patients. DaVita also provides hospital inpatient dialysis services in approximately 790 hospitals throughout the U.S. and operates a separately licensed clinical laboratory which specializes in ESKD patient testing. The company's business strategy is to provide comprehensive kidney care services, including dialysis, laboratory services, and management services to patients with chronic kidney disease (CKD) and end stage renal disease (ESRD). DaVita's care model leverages its platform of kidney care services to maximize patient choice in both models and modalities of care, with a focus on comprehensive kidney care and value-based care arrangements. DaVita's U.S. dialysis revenues represent approximately 89% of its consolidated revenues and are derived primarily from government-based programs, including Medicare and Medicaid, and commercial insurance plans. The company's website is located at http://www.davita.com and its ticker symbol is DVA.
12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$6982.21
8186.28
11764.05
12795.11
13781.84
14745.10
10876.63
11404.85
11388.48
11550.60
11618.80
11609.89
12140.15
2872.70
3070.55
4.72%6.89%Selling, General & Administrative (-)$691.24
894.58
1176.48
1261.51
1452.13
1592.70
1064.03
1135.45
1103.31
1247.58
1195.34
1355.20
1473.98
331.61
362.48
6.51%9.31%Depreciation & Amortization (-)$266.63
341.97
528.74
590.93
638.02
720.25
559.91
591.03
615.15
630.43
680.62
732.60
745.44
178.07
187.08
8.95%5.06%Non-recurring Operating Expenses (-)$24.00
-490.63
20.44
124.89
26.08
0.70%Operating Expenses (-)
$1179.44
1240.88
1710.07
1866.89
2099.40
1920.46
1120.00
1679.03
1843.36
1894.27
1875.95
2087.80
2245.51
509.68
549.56
5.51%7.82%Costs & Expenses (Total) (-)$5851.43
6889.20
10213.92
10979.97
12611.14
12850.56
9063.88
9879.03
9745.16
9855.97
9821.43
10270.83
10537.36
2561.05
2586.71
5.02%1.00%Operating Income/Loss (+)$1130.78
1297.08
1550.13
1815.14
1170.69
1894.54
1812.76
1525.82
1643.32
1694.64
1797.37
1339.06
1602.78
311.64
483.85
2.95%55.26%Non-operating Income/Expense (+)$11.76
20.11
39.34
25.61
27.22
21.78
9.02
5.61
42.03
43.67
33.31
10.75
8.69
10.57
-5.96
-2.49%-156.37%Earnings before Tax (+)$892.67
1001.30
1124.98
1309.67
723.14
1488.89
1399.79
1048.48
1195.44
1318.26
1518.49
966.28
1177.09
214.62
371.79
2.33%73.23%Tax Expense (-)$315.74
359.85
381.01
446.34
295.73
455.81
323.86
258.40
279.63
313.93
306.73
198.09
220.12
43.95
65.81
-2.96%49.71%Income/Loss (Continuing Operations) (+)$576.93
641.46
743.97
863.33
427.41
1033.08
1075.93
790.08
915.81
1004.33
1211.76
768.19
956.98
170.67
305.98
4.31%79.28%Income/Loss (Discontinued Operations) (+)$-3.54
-0.22
13.24
-245.37
-457.04
105.48
-9.65
13.45
Profit/Loss (+)
$573.39
641.24
757.20
863.33
427.41
1033.08
830.55
333.04
1021.29
994.68
1211.76
781.64
956.98
170.67
305.98
4.36%79.28%Net Income/Loss (NCI) (-)$95.39
105.22
123.75
140.22
157.68
153.21
166.94
173.65
210.31
221.03
233.31
221.24
265.44
55.12
66.33
8.90%20.34%Net Income/Loss (+)$478.00
536.02
633.45
723.11
269.73
879.87
663.62
159.39
810.98
773.64
978.45
560.40
691.53
115.55
239.65
3.13%107.40%Net Income/Loss (Common) (+)$478.00
536.02
633.45
723.11
269.73
879.87
663.62
159.39
810.98
773.64
978.45
560.40
691.53
115.55
239.65
3.13%107.40%EPS (Basic)$5.05
5.58
3.02
3.41
1.27
4.36
3.52
0.93
5.29
6.46
9.30
6.03
7.62
1.28
2.73
3.49%113.28%EPS (Diluted)$4.96
5.47
2.95
3.33
1.25
4.29
3.47
0.92
5.27
6.31
8.90
5.85
7.42
1.25
2.65
3.41%112.00%Weighted Avg Shares (Basic)94.66
96.02
209.94
212.30
211.87
201.64
188.63
170.79
153.18
119.80
105.23
92.99
90.79
90.50
87.78
-0.35%-3.01%Weighted Avg Shares (Diluted)96.53
97.97
214.76
216.93
216.25
204.90
191.35
172.37
153.81
122.62
109.95
95.83
93.18
92.48
90.55
-0.29%-2.09%Cash$393.75
533.75
946.25
965.24
1499.12
913.19
508.23
415.42
1208.72
501.79
554.96
338.99
464.63
411.40
430.78
1.39%4.71%Short-term Investments$17.40
7.14
6.80
337.40
408.08
310.20
43.52
2.94
11.57
20.10
22.31
77.69
11.61
49.97
10.61
-3.32%-78.76%Receivables$1464.99
1686.97
1834.25
1525.85
1724.23
1917.30
1714.75
1858.61
1795.60
1824.28
1957.58
2132.07
1986.86
2057.81
2594.68
2.57%26.09%Inventory$75.73
78.13
88.81
136.09
185.57
164.86
181.80
107.38
97.95
111.63
107.43
109.12
143.10
106.77
145.81
5.45%36.56%Prepaid Expenses (Current)$
112.06
111.84
66.87
Other Assets (Current)
$329.73
572.81
596.17
912.22
686.28
674.68
6184.00
5927.97
509.47
690.93
525.44
497.42
531.70
413.80
501.88
4.06%21.29%Assets (Current)$2281.61
2878.79
3472.28
3876.80
4503.28
3980.23
8744.36
8424.16
3690.17
3148.72
3167.72
3155.29
3137.91
3039.74
3683.75
2.69%21.19%Securities & Long-term Investments$37.22
94.49
120.24
155.03
167.49
606.07
283.23
260.03
278.50
289.68
288.39
275.44
593.74
286.27
540.27
25.96%88.73%Property, Plant & Equipment (Net)$1432.65
1872.37
2189.41
2469.10
2788.74
3175.37
3149.21
3393.67
6303.43
6384.91
6304.76
5922.64
5574.90
5833.39
5513.33
11.99%-5.49%Goodwill & Intangibles$5106.47
11092.75
11237.35
11364.79
10981.81
10935.08
6724.11
6960.81
6923.32
7085.69
7223.93
7259.30
7315.78
7277.07
7431.14
3.04%2.12%Other Assets$34.23
80.19
79.60
77.00
73.56
44.51
47.29
71.58
115.97
79.50
136.68
315.59
271.25
291.32
262.45
18.83%-9.91%Assets (Non-current)$6610.56
13139.80
13626.60
14065.92
14011.59
14761.03
10203.84
10686.09
13621.22
13839.79
13953.77
13772.96
13755.67
13688.05
13747.18
6.30%0.43%Assets (Total)$8892.17
16018.60
17098.88
17942.72
18514.88
18741.26
18948.19
19110.25
17311.39
16988.52
17121.49
16928.25
16893.58
16727.79
17430.94
5.49%4.20%Accounts Payable$740.04
981.05
1038.48
1143.93
1255.88
1338.18
1125.23
1122.18
1141.30
1127.58
1115.80
1190.47
1295.64
1131.55
1194.51
4.78%5.56%Debt (Current)$87.34
227.79
274.70
120.15
129.04
165.04
178.21
1929.37
474.62
168.54
179.03
231.40
123.30
242.19
127.62
2.91%-47.31%Other Liabilities (Current)$325.73
809.33
1148.87
824.57
1014.23
1193.23
1737.73
1839.61
756.17
1180.03
1103.70
1197.87
1223.28
1191.35
1260.97
11.66%5.84%Liabilities (Current)$1153.12
2018.17
2462.05
2088.65
2399.14
2696.45
3041.18
4891.16
2372.10
2476.14
2398.53
2619.75
2642.21
2565.09
2583.10
7.15%0.70%Debt (Non-current)$4417.62
8326.53
8383.28
9001.31
8947.33
9158.02
8172.85
10701.33
7917.26
8729.15
8692.62
8268.33
8417.53
9000.59
5.36%6.93%Other Liabilities$1053.31
1745.84
10031.29
2110.47
2030.26
2247.74
1862.93
2137.85
1918.73
5028.36
5057.66
4740.00
4738.97
4725.29
4714.73
13.35%-0.22%Liabilities (Non-current)$5470.93
10072.37
10031.29
10493.75
11031.57
11195.07
11020.95
10310.69
12620.05
12945.62
13786.81
13432.61
13007.30
13142.82
13715.32
7.48%4.36%Liabilities (Total)$6624.05
12090.55
12493.34
12582.40
13430.70
13891.52
14062.13
15201.85
14992.15
15421.76
16185.34
16052.36
15649.52
15707.91
16298.42
7.43%3.76%Treasury Stock$1631.69
1162.34
544.77
240.12
Retained Earnings$3195.82
3731.84
3363.99
4087.10
4356.84
3710.31
3633.71
2743.19
1431.74
852.54
354.34
174.49
598.29
290.03
837.94
-13.03%188.91%AOCI$-19.48
-15.30
-2.65
-25.02
-59.83
-89.64
13.23
-34.92
-47.50
-66.15
-139.25
-69.19
-52.08
-54.91
-100.11
-82.34%Shareholder's Equity$2268.13
3928.05
4605.54
5360.31
5084.17
4849.74
4886.07
3908.40
2319.24
1566.75
936.15
875.89
1244.06
1019.87
1132.51
-4.88%11.04%Liabilities & Equity$8892.17
16018.60
17098.88
17942.72
18514.88
18741.26
18948.19
19110.25
17311.39
16988.52
17121.49
16928.25
16893.58
16727.79
17430.94
5.49%4.20%Net Income/Loss$573.39
641.24
757.20
863.33
427.41
1033.08
830.55
333.04
1021.29
994.68
1211.76
781.64
956.98
170.67
305.98
4.36%79.28%Depreciation & Amortization$
591.03
615.15
630.43
680.62
732.60
745.44
178.07
187.08
5.06%Increase/Decrease in Working Capital$-175.13
34.15
-74.18
440.35
451.52
-201.94
-132.32
-98.90
-86.86
104.17
140.64
-0.10
-194.53
-86.20
621.62
821.11%Share-based Compensation$48.72
45.38
60.00
56.74
56.66
38.34
35.09
73.06
67.85
91.46
102.21
95.43
112.38
25.37
24.54
7.21%-3.28%Adjustments to Reconcile Net Income$606.65
459.61
1016.14
596.08
1129.79
930.36
1076.89
1438.60
1051.06
984.35
719.11
782.93
1102.05
291.89
-440.82
5.10%-251.02%Net Cash (Operating)$1180.05
1100.85
1773.34
1459.41
1557.20
1963.44
1907.45
1771.64
2072.36
1979.03
1930.88
1564.57
2059.03
462.56
-134.84
4.75%-129.15%Capital Expenditure$1402.41
4840.66
865.73
941.03
822.38
1379.13
1713.95
1189.47
876.77
878.90
842.44
692.62
870.58
155.61
226.64
-3.90%45.65%Net Cash (Investing)$-1399.23
-4832.45
-876.88
-1277.73
-881.78
-1201.67
-1366.73
-1005.64
2995.34
-825.37
-784.73
-630.35
-771.80
-116.54
-215.21
-84.66%Increase/Decrease in Debt$145.52
3962.15
-438.01
-7.98
619.70
-124.44
154.85
694.78
-2080.19
-63.53
754.25
-11.28
-552.62
-268.72
735.71
373.78%Increase/Decrease in Equity$-323.35
-57.24
-122.99
-626.61
-1098.01
-802.95
-1147.93
-2372.43
-1458.44
-1538.63
-802.23
-272.22
-0.01
-251.06
-3586471.43%Dividends Paid$100.65
113.50
139.33
Net Cash (Financing)
$-247.18
3872.38
-482.99
-164.98
-138.97
-1351.98
-766.26
-625.35
-4696.45
-1846.78
-1082.97
-1121.13
-1170.49
-275.91
319.32
215.73%Effect of Exchange Rate$
-0.79
-0.97
2.29
-2.57
4.28
0.25
-3.35
-1.76
-13.81
-10.01
-29.07
8.91
2.31
-3.13
-235.67%Increase/Decrease in Cash$-466.37
140.00
412.50
18.99
533.88
-585.93
-225.28
137.29
369.49
-706.93
53.17
-215.97
125.64
72.41
-33.85
-146.75%Cash (Beginning)$860.12
393.75
533.75
946.25
965.24
1499.12
674.78
518.92
415.42
1208.72
501.79
554.96
338.99
338.99
464.63
-7.47%37.06%Cash (Ending)$393.75
533.75
946.25
965.24
1499.12
913.19
508.23
415.42
1208.72
501.79
554.96
338.99
464.63
411.40
430.78
1.39%4.71%NOPAT$730.82
830.94
1025.13
1196.53
691.94
1314.54
1393.35
1149.78
1258.92
1291.07
1434.31
1064.55
1303.06
247.82
398.20
4.94%60.68%Operating Margin %16.20%
15.84%
13.18%
14.19%
8.49%
12.85%
16.67%
13.38%
14.43%
14.67%
15.47%
11.53%
13.20%
10.85%
15.76%
NOPAT Margin %10.47%
10.15%
8.71%
9.35%
5.02%
8.92%
12.81%
10.08%
11.05%
11.18%
12.34%
9.17%
10.73%
8.63%
12.97%
Net Margin %6.85%
6.55%
5.38%
5.65%
1.96%
5.97%
6.10%
1.40%
7.12%
6.70%
8.42%
4.83%
5.70%
4.02%
7.80%
Tax Rate %35.37%
35.94%
33.87%
34.08%
40.89%
30.61%
23.14%
24.65%
23.39%
23.81%
20.20%
20.50%
18.70%
20.48%
17.70%
ROA8.22%
5.19%
6.00%
6.67%
3.74%
7.01%
7.35%
6.02%
7.27%
7.60%
8.38%
6.29%
7.71%
1.48%
2.28%
ROE32.22%
21.15%
22.26%
22.32%
13.61%
27.11%
28.52%
29.42%
54.28%
82.40%
153.21%
121.54%
104.74%
24.30%
35.16%
ROIC9.65%
5.99%
6.98%
8.03%
4.52%
8.66%
13.40%
10.64%
8.50%
9.10%
9.90%
7.62%
9.60%
1.79%
2.81%
Asset Turnover0.79
0.51
0.69
0.71
0.74
0.79
0.57
0.60
0.66
0.68
0.68
0.69
0.72
0.17
0.18
Equity Multiplier3.92
4.08
3.71
3.35
3.64
3.86
3.88
4.89
7.46
10.84
18.29
19.33
13.58
16.40
15.39
Current Ratio1.98
1.43
1.41
1.86
1.88
1.48
2.88
1.72
1.56
1.27
1.32
1.20
1.19
1.19
1.43
Quick Ratio1.63
1.10
1.13
1.35
1.51
1.16
0.75
0.47
1.27
0.95
1.06
0.97
0.93
0.98
1.18
Debt/Equity Ratio1.99
2.18
0.06
1.59
1.80
1.88
1.91
2.58
4.82
5.16
9.52
10.19
6.75
8.49
8.06
Working Capital/Sales0.15
0.11
0.11
0.08
0.11
0.07
0.05
0.04
0.14
0.06
0.08
0.07
0.06
0.25
0.40
Dividend Payout Ratio %13.77%
13.66%
13.59%
Total Payout
$278.48
-3791.40
577.33
130.97
6.91
1222.45
648.10
453.16
4452.62
1521.97
784.37
813.51
824.83
268.73
-484.65
9.47%-280.35%Payout Ratio %38.11%
-456.28%
56.32%
10.95%
1.00%
92.99%
46.51%
39.41%
353.68%
117.88%
54.69%
76.42%
63.30%
108.44%
-121.71%