DVA FY 2023 Earnings Report — DaVita Inc. Revenue & Financial Results | Market Cap Arena

FY 2023 Earnings

Reported February 14, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$12.1B	—	—	—	—
Op. Income	$1.6B	—	—	—	—
Gross Margin	31.5%	—	—	—	—
Net Margin	5.7%	—	—	—	—
EPS (Diluted)	$7.42	—	—	—	—
Free Cash Flow	$1.5B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$12.1B
Cost of Revenue	$8.3B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$744M
Operating Expenses	$2.2B
Cost & Expenses	$10.5B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$399M
Other Income/Expenses	-$426M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$220M
Net Income from Continuing Ops	$957M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$692M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$692M
D&A	$745M
EBIT	$1.6B
EBITDA	$2.3B
EPS	$8
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$12.1B
Cost of Revenue	$8.3B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$744M
Operating Expenses	$2.2B
Cost & Expenses	$10.5B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$399M
Other Income/Expenses	-$426M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$220M
Net Income from Continuing Ops	$957M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$692M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$692M
D&A	$745M
EBIT	$1.6B
EBITDA	$2.3B
EPS	$8
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$692M
Depreciation & Amortization	$745M
Stock-Based Compensation	$112M
Deferred Income Tax	-$39M
Other Non-Cash Items	$354M
Change in Working Capital	$195M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$568M
Acquisitions (Net)	-$26M
Purchases of Investments	-$323M
Sales/Maturities of Investments	$110M
Other Investing Activities	$36M
NET CASH FROM INVESTING	-$772M
Net Debt Issuance	-$553M
Common Stock Repurchased	-$272M
Common Dividends Paid	$0
Other Financing Activities	-$363M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.5B
Net Change in Cash	$126M

Balance Sheet

Item	Amount
Cash & Equivalents	$380M
Short-Term Investments	$12M
Net Receivables	$2.4B
Inventory	$143M
Other Current Assets	$187M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$5.6B
Goodwill	$7.1B
Intangible Assets	$203M
Long-Term Investments	$594M
Tax Assets	$0
Other Non-Current Assets	$271M
TOTAL NON-CURRENT ASSETS	$13.8B
TOTAL ASSETS	$16.9B
Account Payables	$515M
Short-Term Debt	$123M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$8.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$726M
Other Non-Current Liabilities	$183M
TOTAL NON-CURRENT LIABILITIES	$11.5B
TOTAL LIABILITIES	$14.2B
Common Stock	$89.0K
Additional Paid-In Capital	$510M
Retained Earnings	$598M
Treasury Stock	$0
Accum. Other Comp. Income	-$52M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$1.7B
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$16.9B
Total Debt	$11.1B
Net Debt	$10.7B