DVA FY 2007 Earnings Report — DaVita Inc. Revenue & Financial Results | Market Cap Arena

FY 2007 Earnings

Reported February 28, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$5.3B	—	$4.9B	—	7.9%
Op. Income	$862M	—	$739M	—	16.6%
Gross Margin	31.8%	—	30.5%	—	1.3pp
Net Margin	7.3%	—	5.9%	—	1.3pp
EPS (Diluted)	$1.78	—	$1.37	—	29.9%
Free Cash Flow	$259M	—	$251M	—	2.9%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.6B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$628M
SG&A Expenses	$628M
Other Expenses	$184M
Operating Expenses	$812M
Cost & Expenses	$4.4B
OPERATING INCOME	$862M
Interest Income	$0
Interest Expense	$157M
Other Income/Expenses	-$235M
INCOME BEFORE TAX	$628M
Income Tax Expense	$246M
Net Income from Continuing Ops	$382M
Net Income from Discontinued Ops	$0
Other Adjustments	$45M
NET INCOME	$382M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$382M
D&A	$193M
EBIT	$862M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.6B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$628M
SG&A Expenses	$628M
Other Expenses	$184M
Operating Expenses	$812M
Cost & Expenses	$4.4B
OPERATING INCOME	$862M
Interest Income	$0
Interest Expense	$157M
Other Income/Expenses	-$235M
INCOME BEFORE TAX	$628M
Income Tax Expense	$246M
Net Income from Continuing Ops	$382M
Net Income from Discontinued Ops	$0
Other Adjustments	$45M
NET INCOME	$382M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$382M
D&A	$193M
EBIT	$862M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$382M
Depreciation & Amortization	$193M
Stock-Based Compensation	$34M
Deferred Income Tax	$19M
Other Non-Cash Items	-$41M
Change in Working Capital	-$54M
OPERATING CASH FLOW	$533M
Capital Expenditure	-$275M
Acquisitions (Net)	-$145M
Purchases of Investments	-$75M
Sales/Maturities of Investments	$37M
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$426M
Net Debt Issuance	-$47M
Common Stock Repurchased	-$6M
Common Dividends Paid	$0
Other Financing Activities	$21M
NET CASH FROM FINANCING	$30M
FREE CASH FLOW	$259M
Net Change in Cash	$137M

Balance Sheet

Item	Amount
Cash & Equivalents	$447M
Short-Term Investments	$40M
Net Receivables	$1.1B
Inventory	$80M
Other Current Assets	$282M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$939M
Goodwill	$3.8B
Intangible Assets	$183M
Long-Term Investments	$42M
Tax Assets	$0
Other Non-Current Assets	$77M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$6.9B
Account Payables	$225M
Short-Term Debt	$23M
Deferred Revenue	$0
Other Current Liabilities	$442M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$3.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$166M
Other Non-Current Liabilities	$125M
TOTAL NON-CURRENT LIABILITIES	$4.0B
TOTAL LIABILITIES	$5.1B
Common Stock	$135.0K
Additional Paid-In Capital	$707M
Retained Earnings	$1.5B
Treasury Stock	-$488M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$151M
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$6.9B
Total Debt	$3.7B
Net Debt	$3.3B