DaVita (DVA) Financials

$146.11 -4.77 (-3.16%)

Closing price 03:59 PM Eastern

Extended Trading

$146.28 +0.17 (+0.12%)

As of 07:44 PM Eastern

Annual Income Statements for DaVita

This table shows DaVita's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	270	880	664	159	811	774	978	560	692	936
Consolidated Net Income / (Loss)	427	1,033	831	333	1,021	995	1,212	782	957	1,251
Net Income / (Loss) Continuing Operations	481	1,191	1,076	790	916	1,004	1,212	768	957	1,251
Total Pre-Tax Income	688	1,623	1,400	1,048	1,195	1,318	1,518	966	1,177	1,530
Total Operating Income	1,137	2,030	1,813	1,526	1,643	1,695	1,797	1,339	1,603	2,090
Total Gross Profit	3,117	3,264	3,237	3,209	3,474	3,562	3,646	3,400	3,820	4,217
Total Revenue	10,395	11,139	11,362	11,405	11,388	11,551	11,619	11,610	12,140	12,816
Operating Revenue	9,155	11,139	11,362	11,454	11,388	11,551	11,619	11,610	12,140	12,816
Total Cost of Revenue	7,278	7,875	8,125	8,196	7,914	7,989	7,972	8,210	8,320	8,599
Operating Cost of Revenue	6,856	7,432	7,640	8,196	7,914	7,989	7,972	8,210	8,320	8,599
Total Operating Expenses	1,980	1,234	1,438	1,698	1,831	1,867	1,849	2,061	2,218	2,127
Selling, General & Admin Expense	1,031	1,073	1,064	1,135	1,103	1,248	1,195	1,355	1,474	1,538
Depreciation Expense	464	509	560	591	615	630	681	733	745	724
Impairment Charge	4.07	43	331	20	125	-	0.00	0.00	26	0.00
Other Special Charges / (Income)	481	-17	-524	-56	-13	-27	-27	-27	-28	-136
Total Other Income / (Expense), net	-400	-407	-413	-477	-448	-376	-279	-373	-418	-560
Interest Expense	408	414	431	487	477	393	285	357	399	490
Other Income / (Expense), net	8.07	7.51	18	10	29	17	6.38	-16	-19	-70
Income Tax Expense	208	432	324	258	280	314	307	198	220	280
Net Income / (Loss) Discontinued Operations	-53	-158	-245	-457	105	-9.65	0.00	13	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	158	153	167	174	210	221	233	221	265	314
Basic Earnings per Share	$1.27	$4.36	$3.52	$0.93	$5.29	$6.46	$9.30	$6.03	$7.62	$11.02
Weighted Average Basic Shares Outstanding	211.87M	201.64M	188.63M	170.79M	153.18M	119.80M	105.23M	92.99M	90.79M	84.99M
Diluted Earnings per Share	$1.25	$4.29	$3.47	$0.92	$5.27	$6.31	$8.90	$5.85	$7.42	$10.73
Weighted Average Diluted Shares Outstanding	216.25M	204.90M	191.35M	172.37M	153.81M	122.62M	109.95M	95.83M	93.18M	87.27M
Weighted Average Basic & Diluted Shares Outstanding	212.40M	201.80M	188.50M	171.40M	125.60M	109.40M	96.30M	90.40M	87.70M	80M

This table shows DaVita's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	105	68	116	179	247	151	240	223	215	259
Consolidated Net Income / (Loss)	165	127	171	246	309	231	306	300	296	349
Net Income / (Loss) Continuing Operations	165	113	171	246	309	231	306	300	296	349
Total Pre-Tax Income	207	147	215	295	378	289	372	371	373	414
Total Operating Income	312	256	312	405	496	390	484	506	535	565
Total Gross Profit	863	828	815	945	1,054	1,007	992	1,044	1,112	1,069
Total Revenue	2,949	2,917	2,873	3,000	3,121	3,146	3,071	3,187	3,264	3,295
Operating Revenue	2,949	2,917	2,873	3,000	3,121	3,146	3,071	3,187	3,264	3,295
Total Cost of Revenue	2,086	2,089	2,058	2,056	2,067	2,138	2,079	2,142	2,152	2,225
Operating Cost of Revenue	2,086	2,089	2,058	2,056	2,067	2,138	2,079	2,142	2,152	2,225
Total Operating Expenses	551	572	503	539	558	617	508	538	577	504
Selling, General & Admin Expense	365	380	332	364	377	401	362	368	394	414
Depreciation Expense	194	194	178	184	188	195	187	176	187	174
Other Special Charges / (Income)	-	-	0.00	0.00	0.00	-28	-35	0.00	0.00	-101
Total Other Income / (Expense), net	-105	-109	-97	-110	-118	-93	-112	-135	-161	-152
Interest Expense	100	101	101	111	98	88	99	107	145	139
Other Income / (Expense), net	-4.90	-7.80	3.75	1.37	-20	-4.65	-13	-27	-17	-13
Income Tax Expense	43	34	44	49	69	58	66	72	78	64
Net Income / (Loss) Attributable to Noncontrolling Interest	59	59	55	68	63	80	66	77	81	90
Basic Earnings per Share	$1.16	$0.81	$1.28	$1.96	$2.70	$1.68	$2.73	$2.56	$2.56	$3.17
Weighted Average Basic Shares Outstanding	91.16M	92.99M	90.50M	90.98M	91.32M	90.79M	87.78M	86.90M	83.72M	84.99M
Diluted Earnings per Share	$1.13	$0.81	$1.25	$1.91	$2.62	$1.64	$2.65	$2.50	$2.50	$3.08
Weighted Average Diluted Shares Outstanding	91.16M	95.83M	92.48M	93.42M	94.04M	93.18M	90.55M	88.95M	85.80M	87.27M
Weighted Average Basic & Diluted Shares Outstanding	91.16M	90.40M	90.70M	90.98M	91.32M	87.70M	87.70M	83.90M	82M	80M

This table details how cash moves in and out of DaVita's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	534	-582	-218	141	371	-707	53	-216	126	415
Net Cash From Operating Activities	1,557	1,972	1,913	1,772	2,072	1,979	1,931	1,565	2,059	2,022
Net Cash From Continuing Operating Activities	1,508	1,972	1,913	1,772	2,072	1,979	1,931	1,565	2,059	2,022
Net Income / (Loss) Continuing Operations	427	1,033	831	333	1,021	995	1,212	782	957	1,251
Consolidated Net Income / (Loss)	427	1,033	831	333	1,021	995	1,212	782	957	1,251
Depreciation Expense	638	720	777	591	615	630	681	733	745	724
Non-Cash Adjustments To Reconcile Net Income	321	-59	1,089	475	307	217	119	126	201	135
Changes in Operating Assets and Liabilities, net	122	278	-784	373	129	137	-80	-76	155	-88
Net Cash From Investing Activities	-882	-1,202	-1,365	-1,006	2,995	-825	-785	-630	-772	-771
Net Cash From Continuing Investing Activities	-882	-1,202	-1,365	-1,006	2,995	-825	-785	-627	-772	-771
Purchase of Property, Plant & Equipment	-708	-829	-905	-987	-767	-675	-641	-603	-568	-555
Acquisitions	-114	-591	-809	-202	-110	-204	-201	-89	-303	-251
Purchase of Investments	-1,719	-1,147	-242	-14	-101	-154	-35	-131	-47	-24
Divestitures	20	106	92	150	3,877	50	61	118	31	26
Sale and/or Maturity of Investments	1,640	1,259	499	48	102	158	31	79	115	34
Net Cash From Financing Activities	-139	-1,352	-766	-625	-4,696	-1,847	-1,083	-1,121	-1,170	-817
Net Cash From Continuing Financing Activities	-139	-1,352	-766	-625	-4,696	-1,847	-1,083	-1,121	-1,170	-817
Repayment of Debt	-53,999	-52,116	-50,837	-59,240	-40,606	-4,216	-870	-2,404	-3,091	-5,566
Repurchase of Common Equity	-550	-1,098	-803	-1,162	-2,384	-1,458	-1,539	-802	-272	-1,386
Payment of Dividends	-241	-214	-217	-225	-301	-261	-264	-289	-293	-391
Issuance of Debt	54,542	51,991	50,992	59,935	38,526	4,047	1,615	2,393	2,468	6,624
Issuance of Common Equity	55	71	99	66	69	43	35	37	83	36
Other Financing Activities, net	54	13	-	0.00	0.00	-0.98	-60	-56	-65	-134
Effect of Exchange Rate Changes	-2.57	-	-	-	-	-14	-10	-	8.91	-18

This table details how cash moves in and out of DaVita's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	106	-123	72	11	123	-80	-34	72	655	-279
Net Cash From Operating Activities	711	344	463	450	661	485	-135	799	810	548
Net Cash From Continuing Operating Activities	711	344	463	450	661	485	-135	799	810	548
Net Income / (Loss) Continuing Operations	165	127	171	246	309	231	306	300	296	349
Consolidated Net Income / (Loss)	165	127	171	246	309	231	306	300	296	349
Depreciation Expense	194	194	178	184	188	195	187	176	187	174
Non-Cash Adjustments To Reconcile Net Income	76	32	34	37	59	70	16	72	81	-33
Changes in Operating Assets and Liabilities, net	275	-9.33	80	-17	104	-11	-643	252	247	57
Net Cash From Investing Activities	-154	-213	-117	-347	-140	-168	-215	-162	-146	-248
Net Cash From Continuing Investing Activities	-154	-210	-117	-347	-140	-168	-215	-162	-146	-248
Purchase of Property, Plant & Equipment	-144	-194	-148	-124	-137	-159	-121	-125	-139	-171
Acquisitions	-39	-16	-7.90	-268	-8.09	-19	-106	-53	-7.22	-86
Purchase of Investments	-5.38	-33	-30	-7.14	-0.33	-9.63	-3.28	-0.44	-20	-0.36
Divestitures	1.26	1.49	13	7.72	3.71	5.70	7.04	5.74	5.16	7.93
Sale and/or Maturity of Investments	34	32	55	45	1.66	13	7.68	11	15	0.68
Net Cash From Financing Activities	-445	-231	-276	-97	-395	-403	319	-563	-7.86	-565
Net Cash From Continuing Financing Activities	-445	-231	-276	-97	-395	-403	319	-563	-7.86	-565
Repayment of Debt	-716	-847	-881	-1,512	-654	-45	-555	-2,126	-2,803	-82
Repurchase of Common Equity	-185	-	0.00	-	-	-272	-251	-362	-408	-365
Payment of Dividends	-76	-79	-55	-77	-79	-82	-83	-65	-122	-121
Issuance of Debt	523	687	612	1,525	331	0.01	1,290	1,985	3,348	0.68
Issuance of Common Equity	2.27	22	56	2.35	4.63	20	3.73	4.76	3.00	24
Other Financing Activities, net	5.62	-14	-7.90	-36	2.46	-24	-86	0.21	-26	-22
Effect of Exchange Rate Changes	-4.94	-	2.31	4.62	-3.86	5.85	-3.13	-1.33	-0.65	-13

This table presents DaVita's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	18,515	18,756	18,975	19,110	17,311	16,989	17,121	16,928	16,894	17,285
Total Current Assets	4,503	3,995	8,771	8,424	3,690	3,149	3,168	3,155	3,138	3,746
Cash & Equivalents	1,499	675	508	323	1,102	325	462	244	380	795
Restricted Cash	-	-	11	92	106	177	93	95	85	85
Short-Term Investments	408	307	33	2.94	12	20	22	78	12	51
Accounts Receivable	2,160	1,792	2,114	2,328	2,285	2,369	2,385	2,546	2,410	2,530
Inventories, net	186	160	182	107	98	112	107	109	143	135
Prepaid Expenses	-	100	112	112	67	76	73	79	103	123
Current Deferred & Refundable Income Taxes	60	0.00	49	69	20	70	26	4.60	6.39	28
Plant, Property, & Equipment, net	2,789	2,864	3,149	3,394	3,473	3,522	3,480	3,256	3,074	2,941
Total Noncurrent Assets	11,223	11,897	7,055	7,292	10,148	10,318	10,474	10,517	10,682	10,598
Long-Term Investments	167	522	283	260	279	290	288	275	594	370
Goodwill	9,294	6,015	6,610	6,842	6,788	6,919	7,046	7,077	7,113	7,375
Intangible Assets	1,687	74	114	119	136	167	178	183	203	197
Other Noncurrent Operating Assets	74	34	47	72	2,946	2,943	2,961	2,982	2,773	2,655
Total Liabilities & Shareholders' Equity	18,515	18,756	18,975	19,110	17,311	16,989	17,121	16,928	16,894	17,285
Total Liabilities	12,567	12,933	13,077	14,077	13,812	14,092	14,751	14,703	14,150	15,194
Total Current Liabilities	2,399	2,711	3,068	4,891	2,372	2,476	2,399	2,620	2,642	2,973
Short-Term Debt	129	160	178	1,929	131	169	179	231	123	271
Accounts Payable	514	457	509	463	404	434	402	480	515	547
Current Deferred & Payable Income Tax Liabilities	-	1.39	-	0.00	42	7.77	54	18	29	10
Current Employee Benefit Liabilities	742	707	616	659	695	686	660	693	753	800
Other Current Liabilities	1,014	579	579	596	1,100	1,180	1,104	1,198	1,223	1,345
Total Noncurrent Liabilities	10,167	10,222	10,010	9,186	11,440	11,616	12,352	12,084	11,508	12,221
Long-Term Debt	9,001	8,945	9,158	8,173	7,978	7,917	8,729	8,693	8,268	9,176
Noncurrent Deferred & Payable Income Tax Liabilities	727	531	486	563	578	810	831	783	726	665
Other Noncurrent Operating Liabilities	439	317	365	451	2,885	2,889	2,792	2,608	2,513	2,379
Redeemable Noncontrolling Interest	864	973	1,011	1,125	1,180	1,330	1,435	1,349	1,499	1,695
Total Equity & Noncontrolling Interests	5,084	4,850	4,886	3,908	2,319	1,567	936	876	1,244	396
Total Preferred & Common Equity	4,871	4,648	4,690	3,703	2,133	1,384	756	712	1,056	121
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,871	4,648	4,690	3,703	2,133	1,384	756	712	1,056	121
Common Stock	1,119	1,027	1,043	995	749	597	540	607	510	286
Retained Earnings	4,357	3,710	3,634	2,743	1,432	853	354	174	598	1,535
Treasury Stock	-545	-	-	-	-	-	-	-	0.00	-1,389
Accumulated Other Comprehensive Income / (Loss)	-60	-90	13	-35	-47	-66	-139	-69	-52	-311
Noncontrolling Interest	213	202	196	205	186	183	181	164	188	275

This table presents DaVita's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	16,962	16,928	16,728	16,959	16,929	16,894	17,431	17,026	17,504	17,285
Total Current Assets	3,202	3,155	3,040	3,002	3,135	3,138	3,684	3,467	4,037	3,746
Cash & Equivalents	368	244	317	327	449	380	345	416	1,071	795
Restricted Cash	95	95	94	95	96	85	86	87	88	85
Short-Term Investments	74	78	50	12	12	12	11	21	21	51
Accounts Receivable	2,482	2,546	2,382	2,365	2,378	2,410	2,991	2,724	2,627	2,530
Inventories, net	107	109	107	110	110	143	146	127	129	135
Prepaid Expenses	66	79	89	90	91	103	105	83	97	123
Current Deferred & Refundable Income Taxes	11	4.60	0.00	2.34	0.00	6.39	0.00	9.37	4.52	28
Plant, Property, & Equipment, net	3,240	3,256	3,216	3,158	3,097	3,074	3,026	2,982	2,940	2,941
Total Noncurrent Assets	10,519	10,517	10,472	10,798	10,696	10,682	10,721	10,576	10,527	10,598
Long-Term Investments	287	275	286	639	611	594	540	485	464	370
Goodwill	7,023	7,077	7,090	7,106	7,088	7,113	7,230	7,201	7,228	7,375
Intangible Assets	180	183	187	192	185	203	201	191	198	197
Other Noncurrent Operating Assets	3,030	2,982	2,908	2,861	2,812	2,773	2,750	2,698	2,637	2,655
Total Liabilities & Shareholders' Equity	16,962	16,928	16,728	16,959	16,929	16,894	17,431	17,026	17,504	17,285
Total Liabilities	14,889	14,703	14,309	14,329	14,104	14,150	14,795	14,601	15,284	15,194
Total Current Liabilities	2,537	2,620	2,565	2,403	2,538	2,642	2,583	2,995	2,944	2,973
Short-Term Debt	214	231	242	101	109	123	128	538	296	271
Accounts Payable	417	480	448	428	435	515	490	494	488	547
Current Deferred & Payable Income Tax Liabilities	10	18	65	32	22	29	83	25	21	10
Current Employee Benefit Liabilities	703	693	619	630	770	753	622	645	806	800
Other Current Liabilities	1,193	1,198	1,191	1,212	1,201	1,223	1,261	1,293	1,332	1,345
Total Noncurrent Liabilities	12,352	12,084	11,744	11,926	11,566	11,508	12,212	11,606	12,340	12,221
Long-Term Debt	8,867	8,693	8,418	8,598	8,285	8,268	9,001	8,452	9,260	9,176
Noncurrent Deferred & Payable Income Tax Liabilities	819	783	771	760	754	726	720	694	660	665
Other Noncurrent Operating Liabilities	2,665	2,608	2,555	2,568	2,527	2,513	2,492	2,460	2,420	2,379
Redeemable Noncontrolling Interest	1,371	1,349	1,399	1,424	1,445	1,499	1,503	1,575	1,633	1,695
Total Equity & Noncontrolling Interests	702	876	1,020	1,206	1,379	1,244	1,133	850	587	396
Total Preferred & Common Equity	533	712	825	1,017	1,199	1,056	926	633	387	121
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	533	712	825	1,017	1,199	1,056	926	633	387	121
Common Stock	609	607	590	556	553	510	428	383	296	286
Retained Earnings	847	174	290	469	715	598	838	1,061	1,275	1,535
Treasury Stock	-788	-	-	-	-	0.00	-240	-616	-1,022	-1,389
Accumulated Other Comprehensive Income / (Loss)	-136	-69	-55	-7.05	-69	-52	-100	-195	-162	-311
Noncontrolling Interest	169	164	194	189	180	188	207	217	200	275

This table displays calculated financial ratios and metrics derived from DaVita's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-21.02%	7.15%	2.00%	0.38%	-0.14%	1.42%	0.59%	-0.08%	4.57%	5.56%
EBITDA Growth	-25.97%	54.67%	-5.42%	-18.44%	7.56%	2.36%	6.09%	-17.25%	13.29%	17.84%
EBIT Growth	-37.01%	77.95%	-10.15%	-16.09%	8.90%	2.32%	5.40%	-26.64%	19.67%	27.60%
NOPAT Growth	-33.63%	87.61%	-6.47%	-17.48%	9.49%	2.55%	11.09%	-25.78%	22.40%	31.11%
Net Income Growth	-50.49%	141.71%	-19.60%	-59.90%	206.66%	-2.61%	21.82%	-35.50%	22.43%	30.70%
EPS Growth	-62.46%	243.20%	-19.11%	-73.49%	472.83%	19.73%	41.05%	-34.27%	26.84%	44.61%
Operating Cash Flow Growth	35.36%	26.65%	-2.99%	-7.40%	16.97%	-4.50%	-2.43%	-18.97%	31.60%	-1.80%
Free Cash Flow Firm Growth	36.34%	542.16%	-99.70%	3,488.50%	121.07%	-15.87%	-3.04%	-14.30%	65.93%	-9.33%
Invested Capital Growth	-1.12%	-35.04%	16.28%	4.98%	-1.96%	0.61%	2.38%	0.41%	-3.75%	1.71%
Revenue Q/Q Growth	-25.68%	-0.53%	38.48%	-0.95%	0.68%	31.47%	-18.97%	-0.23%	1.92%	1.18%
EBITDA Q/Q Growth	-11.31%	13.44%	-12.28%	10.54%	4.09%	-3.43%	0.50%	-5.48%	6.30%	5.62%
EBIT Q/Q Growth	-17.18%	17.35%	-16.44%	17.76%	5.46%	-4.80%	-0.05%	-9.48%	9.46%	9.02%
NOPAT Q/Q Growth	-16.58%	22.50%	-7.88%	-4.30%	4.61%	-4.98%	0.87%	-9.36%	9.40%	10.78%
Net Income Q/Q Growth	-33.56%	17.49%	22.47%	-57.06%	65.66%	-6.45%	1.26%	-13.58%	12.19%	10.48%
EPS Q/Q Growth	-45.18%	23.28%	32.44%	-72.46%	93.75%	-3.96%	3.37%	-14.60%	12.59%	15.50%
Operating Cash Flow Q/Q Growth	20.54%	0.47%	-7.08%	2.57%	16.34%	-9.00%	2.39%	-10.63%	7.38%	3.19%
Free Cash Flow Firm Q/Q Growth	145.30%	348.60%	-98.31%	-85.87%	55.30%	-24.24%	4.31%	-6.44%	15.21%	5.19%
Invested Capital Q/Q Growth	-1.17%	-35.15%	-26.95%	3.43%	-1.20%	2.03%	1.62%	1.22%	0.14%	1.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.98%	29.30%	28.49%	28.14%	30.50%	30.84%	31.38%	29.29%	31.47%	32.91%
EBITDA Margin	17.15%	24.76%	22.95%	18.65%	20.09%	20.27%	21.38%	17.71%	19.18%	21.42%
Operating Margin	10.94%	18.22%	15.95%	13.38%	14.43%	14.67%	15.47%	11.53%	13.20%	16.31%
EBIT Margin	11.01%	18.29%	16.11%	13.47%	14.69%	14.82%	15.52%	11.40%	13.04%	15.77%
Profit (Net Income) Margin	4.11%	9.27%	7.31%	2.92%	8.97%	8.61%	10.43%	6.73%	7.88%	9.76%
Tax Burden Percent	62.09%	63.65%	59.33%	31.76%	85.43%	75.45%	79.80%	80.89%	81.30%	81.73%
Interest Burden Percent	60.13%	79.67%	76.47%	68.26%	71.47%	77.03%	84.19%	73.02%	74.33%	75.74%
Effective Tax Rate	30.14%	26.60%	23.14%	24.65%	23.39%	23.81%	20.20%	20.50%	18.70%	18.27%
Return on Invested Capital (ROIC)	6.07%	13.89%	15.25%	11.42%	12.33%	12.73%	13.94%	10.20%	12.70%	16.83%
ROIC Less NNEP Spread (ROIC-NNEP)	0.84%	4.45%	-1.93%	-6.33%	8.33%	8.46%	11.03%	6.72%	8.25%	10.91%
Return on Net Nonoperating Assets (RNNOA)	0.97%	3.66%	-1.08%	-5.33%	11.61%	18.37%	32.07%	23.81%	25.83%	34.91%
Return on Equity (ROE)	7.04%	17.55%	14.17%	6.09%	23.94%	31.10%	46.01%	34.02%	38.52%	51.74%
Cash Return on Invested Capital (CROIC)	7.20%	56.37%	0.20%	6.56%	14.31%	12.12%	11.58%	9.79%	16.52%	15.14%
Operating Return on Assets (OROA)	6.34%	10.93%	9.70%	8.07%	9.19%	9.98%	10.58%	7.77%	9.36%	11.82%
Return on Assets (ROA)	2.37%	5.54%	4.40%	1.75%	5.61%	5.80%	7.11%	4.59%	5.66%	7.32%
Return on Common Equity (ROCE)	5.83%	14.19%	11.29%	4.68%	16.38%	17.10%	18.68%	10.86%	13.71%	12.60%
Return on Equity Simple (ROE_SIMPLE)	8.78%	22.23%	17.71%	8.99%	47.87%	71.89%	160.39%	109.73%	90.61%	1,032.63%
Net Operating Profit after Tax (NOPAT)	794	1,490	1,393	1,150	1,259	1,291	1,434	1,065	1,303	1,708
NOPAT Margin	7.64%	13.37%	12.26%	10.08%	11.05%	11.18%	12.34%	9.17%	10.73%	13.33%
Net Nonoperating Expense Percent (NNEP)	5.23%	9.44%	17.19%	17.75%	4.00%	4.27%	2.91%	3.48%	4.45%	5.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	10.86%	13.52%	17.36%
Cost of Revenue to Revenue	70.02%	70.70%	71.51%	71.86%	69.50%	69.16%	68.62%	70.71%	68.53%	67.09%
SG&A Expenses to Revenue	9.92%	9.63%	9.36%	9.96%	9.69%	10.80%	10.29%	11.67%	12.14%	12.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.05%	11.08%	12.66%	14.89%	16.07%	16.17%	15.91%	17.75%	18.27%	16.59%
Earnings before Interest and Taxes (EBIT)	1,145	2,037	1,830	1,536	1,673	1,711	1,804	1,323	1,584	2,021
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,783	2,757	2,608	2,127	2,288	2,342	2,484	2,056	2,329	2,745
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.02	2.73	2.82	2.31	4.56	9.50	15.34	9.44	9.06	101.25
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.42	1.14	1.17	0.75	0.85	1.14	1.00	0.58	0.79	0.96
Price to Earnings (P/E)	54.53	14.40	19.96	53.59	12.00	17.00	11.85	12.01	13.83	13.10
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.83%	6.94%	5.01%	1.87%	8.33%	5.88%	8.44%	8.33%	7.23%	7.64%
Enterprise Value to Invested Capital (EV/IC)	1.76	2.54	2.34	1.87	1.75	2.16	2.04	1.58	1.85	2.19
Enterprise Value to Revenue (EV/Rev)	2.20	1.93	2.02	1.69	1.55	1.90	1.83	1.42	1.53	1.75
Enterprise Value to EBITDA (EV/EBITDA)	12.81	7.78	8.80	9.07	7.74	9.37	8.55	8.01	7.97	8.15
Enterprise Value to EBIT (EV/EBIT)	19.95	10.53	12.54	12.56	10.59	12.82	11.78	12.45	11.73	11.07
Enterprise Value to NOPAT (EV/NOPAT)	28.76	14.40	16.47	16.78	14.07	16.99	14.82	15.47	14.25	13.10
Enterprise Value to Operating Cash Flow (EV/OCF)	14.67	10.88	12.00	10.89	8.54	11.08	11.01	10.53	9.02	11.07
Enterprise Value to Free Cash Flow (EV/FCFF)	24.26	3.55	1,246.37	29.20	12.12	17.85	17.83	16.13	10.96	14.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.54	1.56	1.58	2.01	2.32	2.79	3.76	4.01	3.06	4.52
Long-Term Debt to Equity	1.51	1.54	1.55	1.62	2.28	2.73	3.68	3.91	3.01	4.39
Financial Leverage	1.15	0.82	0.56	0.84	1.39	2.17	2.91	3.54	3.13	3.20
Leverage Ratio	2.98	3.17	3.22	3.48	4.27	5.36	6.48	7.41	6.81	7.07
Compound Leverage Factor	1.79	2.52	2.46	2.38	3.05	4.13	5.45	5.41	5.06	5.35
Debt to Total Capital	60.55%	60.99%	61.29%	66.75%	69.85%	73.62%	78.98%	80.04%	75.36%	81.87%
Short-Term Debt to Total Capital	0.86%	1.07%	1.17%	12.75%	1.13%	1.53%	1.59%	2.08%	1.11%	2.35%
Long-Term Debt to Total Capital	59.70%	59.92%	60.12%	54.00%	68.73%	72.09%	77.39%	77.97%	74.26%	79.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	7.15%	7.87%	7.93%	8.78%	11.77%	13.78%	14.32%	13.57%	15.15%	17.08%
Common Equity to Total Capital	32.30%	31.14%	30.79%	24.47%	18.38%	12.60%	6.70%	6.39%	9.48%	1.05%
Debt to EBITDA	5.12	3.30	3.58	4.75	3.54	3.45	3.59	4.34	3.60	3.44
Net Debt to EBITDA	3.96	2.76	3.26	4.43	2.89	3.11	3.24	4.00	3.14	2.97
Long-Term Debt to EBITDA	5.05	3.24	3.51	3.84	3.49	3.38	3.51	4.23	3.55	3.34
Debt to NOPAT	11.50	6.11	6.70	8.79	6.44	6.26	6.21	8.38	6.44	5.53
Net Debt to NOPAT	8.89	5.10	6.10	8.20	5.25	5.63	5.61	7.73	5.62	4.77
Long-Term Debt to NOPAT	11.34	6.00	6.57	7.11	6.34	6.13	6.09	8.17	6.35	5.37
Altman Z-Score	1.93	1.90	2.15	1.65	1.61	1.69	1.58	1.27	1.52	1.79
Noncontrolling Interest Sharing Ratio	17.28%	19.13%	20.33%	23.21%	31.59%	45.02%	59.39%	68.06%	64.40%	75.65%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.88	1.47	2.86	1.72	1.56	1.27	1.32	1.20	1.19	1.26
Quick Ratio	1.70	1.02	0.87	0.54	1.43	1.10	1.20	1.09	1.06	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	942	6,047	18	661	1,461	1,229	1,192	1,021	1,695	1,537
Operating Cash Flow to CapEx	219.94%	237.86%	211.34%	179.47%	270.35%	293.39%	301.01%	259.28%	362.52%	364.04%
Free Cash Flow to Firm to Interest Expense	2.31	14.60	0.04	1.36	3.06	3.13	4.18	2.86	4.25	3.13
Operating Cash Flow to Interest Expense	3.81	4.76	4.44	3.63	4.34	5.03	6.77	4.38	5.17	4.12
Operating Cash Flow Less CapEx to Interest Expense	2.08	2.76	2.34	1.61	2.74	3.32	4.52	2.69	3.74	2.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.60	0.60	0.60	0.63	0.67	0.68	0.68	0.72	0.75
Accounts Receivable Turnover	5.09	5.64	5.82	5.13	4.94	4.96	4.89	4.71	4.90	5.19
Inventory Turnover	45.25	45.52	47.49	56.68	77.09	76.24	72.79	75.82	65.97	61.93
Fixed Asset Turnover	3.95	3.94	3.78	3.49	3.32	3.30	3.32	3.45	3.84	4.26
Accounts Payable Turnover	15.17	16.23	16.83	16.86	18.25	19.06	19.07	18.62	16.73	16.20
Days Sales Outstanding (DSO)	71.75	64.75	62.74	71.09	73.93	73.53	74.67	77.51	74.50	70.34
Days Inventory Outstanding (DIO)	8.07	8.02	7.69	6.44	4.73	4.79	5.01	4.81	5.53	5.89
Days Payable Outstanding (DPO)	24.06	22.49	21.69	21.65	19.99	19.15	19.14	19.60	21.81	22.53
Cash Conversion Cycle (CCC)	55.76	50.28	48.74	55.87	58.67	59.17	60.54	62.72	58.22	53.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,004	8,447	9,822	10,311	10,109	10,171	10,413	10,457	10,065	10,237
Invested Capital Turnover	0.79	1.04	1.24	1.13	1.12	1.14	1.13	1.11	1.18	1.26
Increase / (Decrease) in Invested Capital	-147	-4,557	1,375	489	-202	62	242	43	-392	172
Enterprise Value (EV)	22,842	21,449	22,952	19,296	17,707	21,936	21,250	16,472	18,573	22,379
Market Capitalization	14,709	12,673	13,243	8,542	9,731	13,149	11,592	6,728	9,565	12,263
Book Value per Share	$23.08	$23.55	$25.59	$22.31	$16.45	$12.35	$7.41	$7.91	$11.57	$1.48
Tangible Book Value per Share	($28.96)	($7.30)	($11.10)	($19.62)	($36.93)	($50.91)	($63.48)	($72.66)	($68.56)	($90.87)
Total Capital	15,079	14,928	15,234	15,135	11,608	10,983	11,279	11,149	11,135	11,538
Total Debt	9,130	9,105	9,336	10,102	8,108	8,086	8,908	8,924	8,392	9,447
Total Long-Term Debt	9,001	8,945	9,158	8,173	7,978	7,917	8,729	8,693	8,268	9,176
Net Debt	7,056	7,601	8,501	9,424	6,609	7,274	8,043	8,232	7,322	8,146
Capital Expenditures (CapEx)	708	829	905	987	767	675	641	603	568	555
Debt-free, Cash-free Net Working Capital (DFCFNWC)	326	462	5,330	5,044	228	319	371	350	143	113
Debt-free Net Working Capital (DFNWC)	2,233	1,444	5,881	5,462	1,449	841	948	767	619	1,044
Net Working Capital (NWC)	2,104	1,284	5,703	3,533	1,318	673	769	536	496	773
Net Nonoperating Expense (NNE)	367	457	563	817	238	296	223	283	346	458
Net Nonoperating Obligations (NNO)	7,056	2,624	3,925	5,278	6,609	7,274	8,043	8,232	7,322	8,146
Total Depreciation and Amortization (D&A)	638	720	777	591	615	630	681	733	745	724
Debt-free, Cash-free Net Working Capital to Revenue	3.14%	4.15%	46.91%	44.23%	2.01%	2.76%	3.19%	3.02%	1.18%	0.88%
Debt-free Net Working Capital to Revenue	21.48%	12.96%	51.76%	47.90%	12.72%	7.28%	8.16%	6.61%	5.10%	8.14%
Net Working Capital to Revenue	20.24%	11.53%	50.20%	30.98%	11.57%	5.82%	6.62%	4.61%	4.08%	6.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.27	$4.36	$3.52	$159,394,000.93	$5.29	$6.46	$9.30	$6.03	$7.62	$11.02
Adjusted Weighted Average Basic Shares Outstanding	211.87M	201.64M	188.63M	170.79M	153.18M	119.80M	105.23M	92.99M	90.79M	84.99M
Adjusted Diluted Earnings per Share	$1.25	$4.29	$3.47	$0.92	$5.27	$6.31	$8.90	$5.85	$7.42	$10.73
Adjusted Weighted Average Diluted Shares Outstanding	216.25M	204.90M	191.35M	172.36M	153.81M	122.62M	109.95M	95.83M	93.18M	87.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$5.29	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	206.10M	194.60M	182M	166.40M	125.60M	109.40M	96.30M	90.40M	87.70M	80M
Normalized Net Operating Profit after Tax (NOPAT)	1,133	1,509	1,245	1,123	1,345	1,271	1,413	1,043	1,302	1,598
Normalized NOPAT Margin	10.90%	13.55%	10.96%	9.85%	11.81%	11.00%	12.16%	8.99%	10.72%	12.47%
Pre Tax Income Margin	6.62%	14.57%	12.32%	9.19%	10.50%	11.41%	13.07%	8.32%	9.70%	11.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.80	4.92	4.25	3.15	3.51	4.35	6.32	3.71	3.97	4.12
NOPAT to Interest Expense	1.94	3.60	3.24	2.36	2.64	3.28	5.03	2.98	3.27	3.48
EBIT Less CapEx to Interest Expense	1.07	2.92	2.15	1.13	1.90	2.64	4.07	2.02	2.55	2.99
NOPAT Less CapEx to Interest Expense	0.21	1.60	1.13	0.33	1.03	1.57	2.78	1.29	1.84	2.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	56.39%	20.71%	26.11%	67.42%	29.49%	26.23%	21.80%	36.94%	30.67%	31.26%
Augmented Payout Ratio	185.06%	126.97%	122.78%	416.18%	262.90%	172.86%	148.77%	139.57%	59.11%	142.07%

This table displays calculated financial ratios and metrics derived from DaVita's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.35%	-0.92%	1.96%	2.52%	5.85%	7.85%	6.89%	6.21%	4.56%	4.73%
EBITDA Growth	-21.39%	-21.23%	-3.14%	-2.04%	32.60%	31.19%	33.40%	10.88%	6.08%	25.15%
EBIT Growth	-34.33%	-35.80%	-6.28%	-5.74%	55.20%	55.06%	49.40%	17.77%	8.78%	43.40%
NOPAT Growth	-35.62%	-36.25%	-6.45%	-4.19%	63.69%	58.19%	60.68%	20.81%	4.43%	53.45%
Net Income Growth	-48.49%	-49.24%	-17.04%	-13.44%	87.84%	82.10%	79.28%	21.66%	-4.40%	51.47%
EPS Growth	-52.12%	-55.25%	-22.36%	-16.96%	131.86%	102.47%	112.00%	30.89%	-4.58%	87.80%
Operating Cash Flow Growth	25.32%	-35.13%	43.56%	139.26%	-6.95%	41.16%	-129.15%	77.48%	22.57%	12.87%
Free Cash Flow Firm Growth	56.03%	132.67%	272.77%	2,162.55%	315.70%	358.09%	-111.30%	-65.63%	-50.09%	-56.55%
Invested Capital Growth	0.81%	0.41%	-2.14%	-3.88%	-2.71%	-3.75%	4.37%	1.46%	0.81%	1.71%
Revenue Q/Q Growth	0.75%	-1.08%	-1.51%	4.44%	4.03%	0.78%	-2.39%	3.78%	2.41%	0.95%
EBITDA Q/Q Growth	-16.81%	-11.73%	11.51%	19.63%	12.60%	-12.66%	13.39%	-0.56%	7.72%	3.04%
EBIT Q/Q Growth	-28.87%	-19.04%	26.94%	28.94%	17.12%	-19.11%	22.31%	1.64%	8.18%	6.63%
NOPAT Q/Q Growth	-29.81%	-20.66%	26.05%	36.50%	19.92%	-23.33%	28.04%	2.63%	3.66%	12.66%
Net Income Q/Q Growth	-42.13%	-23.12%	34.79%	44.36%	25.56%	-25.47%	32.70%	-2.04%	-1.33%	18.08%
EPS Q/Q Growth	-50.87%	-28.32%	54.32%	52.80%	37.17%	-37.40%	61.59%	-5.66%	0.00%	23.20%
Operating Cash Flow Q/Q Growth	277.70%	-51.62%	34.57%	-2.69%	46.89%	-26.61%	-127.79%	692.46%	1.45%	-32.43%
Free Cash Flow Firm Q/Q Growth	395.85%	-6.98%	208.78%	58.86%	-8.90%	2.50%	-107.62%	583.16%	32.29%	-10.76%
Invested Capital Q/Q Growth	-3.17%	1.22%	-1.20%	-0.73%	-1.99%	0.14%	7.13%	-3.50%	-2.62%	1.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.27%	28.39%	28.35%	31.48%	33.77%	32.02%	32.29%	32.77%	34.06%	32.46%
EBITDA Margin	17.00%	15.17%	17.18%	19.68%	21.30%	18.45%	21.44%	20.54%	21.61%	22.05%
Operating Margin	10.57%	8.79%	10.85%	13.51%	15.89%	12.39%	15.76%	15.89%	16.39%	17.16%
EBIT Margin	10.41%	8.52%	10.98%	13.55%	15.26%	12.25%	15.35%	15.03%	15.88%	16.77%
Profit (Net Income) Margin	5.59%	4.34%	5.94%	8.21%	9.91%	7.33%	9.97%	9.41%	9.06%	10.60%
Tax Burden Percent	79.48%	85.84%	79.52%	83.46%	81.80%	79.76%	82.30%	80.70%	79.20%	84.41%
Interest Burden Percent	67.52%	59.36%	68.05%	72.59%	79.41%	75.03%	78.90%	77.56%	72.08%	74.89%
Effective Tax Rate	20.52%	23.28%	20.48%	16.54%	18.20%	20.24%	17.70%	19.30%	20.80%	15.59%
Return on Invested Capital (ROIC)	9.51%	7.50%	9.64%	12.65%	15.19%	11.70%	15.16%	15.55%	16.29%	18.29%
ROIC Less NNEP Spread (ROIC-NNEP)	8.45%	6.64%	8.67%	11.51%	13.95%	10.66%	14.01%	14.15%	14.60%	16.63%
Return on Net Nonoperating Assets (RNNOA)	27.59%	23.51%	28.86%	38.77%	44.09%	33.38%	44.50%	43.69%	43.83%	53.21%
Return on Equity (ROE)	37.09%	31.01%	38.49%	51.41%	59.28%	45.08%	59.66%	59.24%	60.12%	71.50%
Cash Return on Invested Capital (CROIC)	10.61%	9.79%	12.20%	13.83%	14.43%	16.52%	9.49%	13.30%	14.48%	15.14%
Operating Return on Assets (OROA)	7.00%	5.81%	7.57%	9.34%	10.73%	8.79%	11.09%	11.08%	11.68%	12.57%
Return on Assets (ROA)	3.76%	2.96%	4.10%	5.66%	6.97%	5.26%	7.20%	6.93%	6.67%	7.95%
Return on Common Equity (ROCE)	12.93%	9.90%	13.31%	17.41%	20.96%	16.05%	20.67%	19.34%	18.90%	17.41%
Return on Equity Simple (ROE_SIMPLE)	169.80%	0.00%	90.44%	69.62%	71.13%	0.00%	117.96%	181.02%	292.74%	0.00%
Net Operating Profit after Tax (NOPAT)	248	197	248	338	406	311	398	409	424	477
NOPAT Margin	8.40%	6.74%	8.63%	11.27%	13.00%	9.89%	12.97%	12.82%	12.98%	14.49%
Net Nonoperating Expense Percent (NNEP)	1.06%	0.86%	0.96%	1.14%	1.24%	1.03%	1.15%	1.40%	1.69%	1.66%
Return On Investment Capital (ROIC_SIMPLE)	-	2.01%	-	-	-	3.23%	-	-	-	4.85%
Cost of Revenue to Revenue	70.73%	71.61%	71.65%	68.52%	66.23%	67.98%	67.71%	67.23%	65.94%	67.54%
SG&A Expenses to Revenue	12.39%	13.02%	11.54%	12.13%	12.07%	12.76%	11.81%	11.54%	12.06%	12.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.70%	19.61%	17.51%	17.97%	17.88%	19.63%	16.54%	16.88%	17.67%	15.30%
Earnings before Interest and Taxes (EBIT)	307	248	315	407	476	385	471	479	518	552
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	501	443	493	590	665	581	658	655	705	727
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.19	9.44	8.88	8.96	7.20	9.06	13.61	19.20	35.57	101.25
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.65	0.58	0.63	0.78	0.72	0.79	1.02	0.97	1.09	0.96
Price to Earnings (P/E)	11.12	12.01	14.27	19.48	14.17	13.83	15.45	14.14	16.62	13.10
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	9.00%	8.33%	7.01%	5.13%	7.06%	7.23%	6.47%	7.07%	6.02%	7.64%
Enterprise Value to Invested Capital (EV/IC)	1.68	1.58	1.63	1.79	1.74	1.85	2.08	2.11	2.32	2.19
Enterprise Value to Revenue (EV/Rev)	1.49	1.42	1.44	1.56	1.47	1.53	1.82	1.75	1.86	1.75
Enterprise Value to EBITDA (EV/EBITDA)	7.98	8.01	8.25	9.05	7.98	7.97	9.01	8.57	9.04	8.15
Enterprise Value to EBIT (EV/EBIT)	11.87	12.45	12.93	14.37	12.08	11.73	12.91	12.10	12.68	11.07
Enterprise Value to NOPAT (EV/NOPAT)	14.78	15.47	16.07	17.77	14.68	14.25	15.46	14.39	15.24	13.10
Enterprise Value to Operating Cash Flow (EV/OCF)	9.91	10.53	9.88	9.33	9.12	9.02	15.37	12.11	11.99	11.07
Enterprise Value to Free Cash Flow (EV/FCFF)	15.90	16.13	13.22	12.68	11.88	10.96	22.43	15.96	16.09	14.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.38	4.01	3.58	3.31	2.97	3.06	3.46	3.71	4.31	4.52
Long-Term Debt to Equity	4.28	3.91	3.48	3.27	2.93	3.01	3.41	3.49	4.17	4.39
Financial Leverage	3.26	3.54	3.33	3.37	3.16	3.13	3.18	3.09	3.00	3.20
Leverage Ratio	7.17	7.41	7.00	7.11	6.92	6.81	6.76	6.72	6.83	7.07
Compound Leverage Factor	4.84	4.40	4.77	5.16	5.49	5.11	5.33	5.21	4.92	5.29
Debt to Total Capital	81.42%	80.04%	78.17%	76.79%	74.82%	75.36%	77.59%	78.76%	81.15%	81.87%
Short-Term Debt to Total Capital	1.92%	2.08%	2.19%	0.89%	0.97%	1.11%	1.08%	4.71%	2.52%	2.35%
Long-Term Debt to Total Capital	79.50%	77.97%	75.98%	75.90%	73.85%	74.26%	76.51%	74.04%	78.64%	79.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	13.81%	13.57%	14.38%	14.23%	14.49%	15.15%	14.54%	15.70%	15.56%	17.08%
Common Equity to Total Capital	4.78%	6.39%	7.45%	8.98%	10.69%	9.48%	7.87%	5.54%	3.28%	1.05%
Debt to EBITDA	4.18	4.34	4.25	4.29	3.83	3.60	3.66	3.51	3.68	3.44
Net Debt to EBITDA	3.80	4.00	3.88	3.76	3.30	3.14	3.27	3.12	3.05	2.97
Long-Term Debt to EBITDA	4.08	4.23	4.13	4.24	3.78	3.55	3.61	3.30	3.56	3.34
Debt to NOPAT	7.73	8.38	8.26	8.42	7.05	6.44	6.28	5.90	6.20	5.53
Net Debt to NOPAT	7.03	7.73	7.55	7.38	6.07	5.62	5.61	5.24	5.13	4.77
Long-Term Debt to NOPAT	7.55	8.17	8.03	8.32	6.96	6.35	6.19	5.55	6.00	5.37
Altman Z-Score	1.17	1.06	1.13	1.23	1.27	1.28	1.45	1.45	1.54	1.51
Noncontrolling Interest Sharing Ratio	65.14%	68.06%	65.42%	66.14%	64.64%	64.40%	65.35%	67.35%	68.56%	75.65%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.26	1.20	1.19	1.25	1.24	1.19	1.43	1.16	1.37	1.26
Quick Ratio	1.15	1.09	1.07	1.13	1.12	1.06	1.30	1.06	1.26	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	165	153	474	752	686	703	-54	259	342	305
Operating Cash Flow to CapEx	493.67%	177.14%	313.16%	361.53%	483.28%	305.21%	-111.42%	640.49%	582.83%	320.89%
Free Cash Flow to Firm to Interest Expense	1.65	1.52	4.70	6.75	6.99	7.96	-0.54	2.41	2.37	2.20
Operating Cash Flow to Interest Expense	7.13	3.40	4.59	4.04	6.74	5.50	-1.36	7.43	5.60	3.95
Operating Cash Flow Less CapEx to Interest Expense	5.68	1.48	3.12	2.92	5.35	3.70	-2.57	6.27	4.64	2.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.68	0.69	0.69	0.70	0.72	0.72	0.74	0.74	0.75
Accounts Receivable Turnover	4.73	4.71	4.79	4.73	4.90	4.90	4.59	4.92	5.06	5.19
Inventory Turnover	74.06	75.82	76.92	75.41	76.41	65.97	66.04	71.09	71.34	61.93
Fixed Asset Turnover	3.47	3.45	3.51	3.63	3.76	3.84	3.95	4.08	4.20	4.26
Accounts Payable Turnover	20.33	18.62	18.72	19.97	19.40	16.73	17.79	18.29	18.43	16.20
Days Sales Outstanding (DSO)	77.16	77.51	76.16	77.13	74.46	74.50	79.48	74.15	72.11	70.34
Days Inventory Outstanding (DIO)	4.93	4.81	4.75	4.84	4.78	5.53	5.53	5.13	5.12	5.89
Days Payable Outstanding (DPO)	17.95	19.60	19.49	18.28	18.81	21.81	20.52	19.96	19.80	22.53
Cash Conversion Cycle (CCC)	64.14	62.72	61.41	63.69	60.42	58.22	64.49	59.32	57.42	53.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,331	10,457	10,331	10,255	10,051	10,065	10,783	10,405	10,132	10,237
Invested Capital Turnover	1.13	1.11	1.12	1.12	1.17	1.18	1.17	1.21	1.26	1.26
Increase / (Decrease) in Invested Capital	83	43	-226	-414	-280	-392	452	150	81	172
Enterprise Value (EV)	17,355	16,472	16,838	18,350	17,482	18,573	22,461	21,925	23,499	22,379
Market Capitalization	7,557	6,728	7,332	9,113	8,631	9,565	12,604	12,153	13,754	12,263
Book Value per Share	$5.83	$7.91	$9.13	$11.22	$13.13	$11.57	$10.55	$7.22	$4.61	$1.48
Tangible Book Value per Share	($73.05)	($72.66)	($71.37)	($69.25)	($66.53)	($68.56)	($74.11)	($77.08)	($83.89)	($90.87)
Total Capital	11,154	11,149	11,078	11,329	11,218	11,135	11,764	11,414	11,776	11,538
Total Debt	9,081	8,924	8,660	8,699	8,394	8,392	9,128	8,990	9,557	9,447
Total Long-Term Debt	8,867	8,693	8,418	8,598	8,285	8,268	9,001	8,452	9,260	9,176
Net Debt	8,258	8,232	7,912	7,625	7,226	7,322	8,147	7,980	7,913	8,146
Capital Expenditures (CapEx)	144	194	148	124	137	159	121	125	139	171
Debt-free, Cash-free Net Working Capital (DFCFNWC)	343	350	255	265	149	143	787	486	210	113
Debt-free Net Working Capital (DFNWC)	879	767	717	700	706	619	1,228	1,010	1,389	1,044
Net Working Capital (NWC)	665	536	475	599	597	496	1,101	472	1,093	773
Net Nonoperating Expense (NNE)	83	70	77	92	96	80	92	109	128	128
Net Nonoperating Obligations (NNO)	8,258	8,232	7,912	7,625	7,226	7,322	8,147	7,980	7,913	8,146
Total Depreciation and Amortization (D&A)	194	194	178	184	188	195	187	176	187	174
Debt-free, Cash-free Net Working Capital to Revenue	2.95%	3.02%	2.19%	2.26%	1.25%	1.18%	6.38%	3.88%	1.66%	0.88%
Debt-free Net Working Capital to Revenue	7.56%	6.61%	6.15%	5.96%	5.93%	5.10%	9.96%	8.07%	10.97%	8.14%
Net Working Capital to Revenue	5.71%	4.61%	4.07%	5.10%	5.02%	4.08%	8.92%	3.77%	8.63%	6.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.16	$0.81	$1.28	$1.96	$2.70	$1.68	$2.73	$2.56	$2.56	$3.17
Adjusted Weighted Average Basic Shares Outstanding	91.16M	92.99M	90.50M	90.98M	91.32M	90.79M	87.78M	86.90M	83.72M	84.99M
Adjusted Diluted Earnings per Share	$1.13	$0.81	$1.25	$1.91	$2.62	$1.64	$2.65	$2.50	$2.50	$3.08
Adjusted Weighted Average Diluted Shares Outstanding	93.26M	95.83M	92.48M	90.98M	91.32M	93.18M	90.55M	88.95M	85.80M	87.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	90.10M	90.40M	90.70M	90.98M	91.32M	87.70M	87.70M	83.90M	82M	80M
Normalized Net Operating Profit after Tax (NOPAT)	248	197	248	338	406	289	369	409	424	392
Normalized NOPAT Margin	8.40%	6.74%	8.63%	11.27%	13.00%	9.18%	12.03%	12.82%	12.98%	11.91%
Pre Tax Income Margin	7.03%	5.06%	7.47%	9.84%	12.12%	9.19%	12.11%	11.66%	11.44%	12.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.08	2.46	3.13	3.65	4.86	4.37	4.74	4.46	3.58	3.98
NOPAT to Interest Expense	2.49	1.95	2.46	3.03	4.14	3.53	4.01	3.80	2.93	3.44
EBIT Less CapEx to Interest Expense	1.63	0.54	1.66	2.53	3.46	2.56	3.52	3.30	2.62	2.75
NOPAT Less CapEx to Interest Expense	1.04	0.03	0.99	1.92	2.74	1.72	2.79	2.64	1.97	2.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.48%	36.94%	36.81%	40.49%	34.07%	30.67%	29.41%	27.03%	31.11%	31.26%
Augmented Payout Ratio	192.73%	139.57%	112.62%	66.58%	34.07%	59.11%	77.31%	104.26%	145.31%	142.07%

Frequently Asked Questions About DaVita's Financials

When does DaVita's fiscal year end?

According to the most recent income statement we have on file, DaVita's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has DaVita's net income changed over the last 9 years?

DaVita's net income appears to be on an upward trend, with a most recent value of $1.25 billion in 2024, rising from $427.41 million in 2015. The previous period was $956.98 million in 2023.

What is DaVita's operating income?

DaVita's total operating income in 2024 was $2.09 billion, based on the following breakdown:

Total Gross Profit: $4.22 billion
Total Operating Expenses: $2.13 billion

How has DaVita revenue changed over the last 9 years?

Over the last 9 years, DaVita's total revenue changed from $10.40 billion in 2015 to $12.82 billion in 2024, a change of 23.3%.

How much debt does DaVita have?

DaVita's total liabilities were at $15.19 billion at the end of 2024, a 7.4% increase from 2023, and a 20.9% increase since 2015.

How much cash does DaVita have?

In the past 9 years, DaVita's cash and equivalents has ranged from $244.09 million in 2022 to $1.50 billion in 2015, and is currently $794.93 million as of their latest financial filing in 2024.

How has DaVita's book value per share changed over the last 9 years?

Over the last 9 years, DaVita's book value per share changed from 23.08 in 2015 to 1.48 in 2024, a change of -93.6%.

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This page (NYSE:DVA) was last updated on 4/15/2025 by MarketBeat.com Staff

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