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EX - 99.1 2 dva - 63021ex991.htm EX - 99.1 Contact : Jim Gustafson Investor Relations DaVita Inc. ( 310 ) 536-2585 Davita DaVita Inc. 2nd Quarter 2021 Results Denver , Colorado , August 3 , 2021 - DaVita Inc. ( NYSE : DVA ) announced financial and operating results for the quarter ended June 30 , 2021 . For the quarter , diluted earnings per share from continuing operations was $ 2.64 , an increase of 63.0 % from the prior year diluted earnings per share from continuing operations and an increase of 35.4 % from the prior year adjusted diluted earnings per share from continuing operations . " We had a strong quarter despite the continued operational challenges presented by the pandemic . Our teammates and nephrologist partners have shown tremendous dedication to caring for our patients , and we have continued to make progress in our efforts to combat COVID - 19 over the past several months , ” said Javier Rodriguez , CEO of DaVita Inc. “ Additionally , we accelerated our investments in integrated kidney care capabilities designed to improve patient outcomes , coordinate care , and lower overall costs . We have grown the number of patients under value - based care arrangements to approximately 10 % of our U.S. dialysis patient census , and we expect to see significant growth in our integrated kidney care business over the next year . " Financial and operating highlights for the quarter ended June 30 , 2021 : • Consolidated revenues were $ 2.917 billion . • Operating income was $ 490 million . • Diluted earnings per share was $ 2.64 . • Operating cash flow and free cash flow , both from continuing operations , were $ 680 million and $ 503 million , respectively . Repurchased 2,069,854 shares of our common stock at an average cost of $ 116.38 per share . Three months ended June 30 , 2021 2020 Six months ended June 30 , 2021 2020 ( dollars in millions , except per share data ) Net income attributable to DaVita Inc .: Net income from continuing operations $ 294 Diluted per share $ $ 2.64 $ 202 $ 1.62 $ 531 $ 431 4.72 $ 3.44 Adjusted net income from continuing operations ( 1 ) EA $ 294 EA $ 242 SA $ 531 $ 474 Diluted per share adjusted ( ¹ ) $ 2.64 $ 1.95 4.72 $ 3.78 Net income Diluted per share SAS 294 $ $ 2.64 $ SASA 202 $ 1.62 $ SASA 531 $ 441 4.72 $ 3.52 ( 1 ) For definitions of non - GAAP financial measures , see the note titled " Note on Non - GAAP Financial Measures " and related reconciliations beginning on page 14 . 1