Earnings release
Page 1
Contact : Jim Gustafson Investor Relations DaVita Inc. ( 310 ) 536-2585 Davita DaVita Inc. 3rd Quarter 2021 Results Denver , Colorado , October 28 , 2021 — DaVita Inc. ( NYSE : DVA ) announced financial and operating results for the quarter ended September 30 , 2021 . " The third quarter was another strong quarter for DaVita in the face of a challenging operating environment , " said Javier Rodriguez , CEO of DaVita Inc. " Despite another rise in COVID - 19 case counts across the United States and an increasingly challenging labor market , we continue to provide high quality care to our patients and execute on our strategic objectives . " For the quarter , diluted earnings per share from continuing operations was $ 2.36 , an increase of 84.4 % from the prior year diluted earnings per share from continuing operations and an increase of 31.1 % from the prior year adjusted diluted earnings per share from continuing operations . Financial and operating highlights for the quarter ended September 30 , 2021 : • Consolidated revenues were $ 2.938 billion . • Operating income was $ 475 million . • Diluted earnings per share was $ 2.36 . . • Operating cash flow and free cash flow , both from continuing operations , were $ 567 million and $ 358 million , respectively . Repurchased 2.731 million shares of our common stock at an average cost of $ 123.14 per share . Three months ended September 30 , Nine months ended September 30 , 2021 2020 2021 2020 ( dollars in millions , except per share data ) Net income attributable to DaVita Inc .: Net income from continuing operations Diluted per share $ SA SA 260 $ 2.36 $ SASA $ 159 1.28 $ SASA $ 791 $ 590 7.08 $ 4.72 Adjusted net income from continuing operations ( ¹ ) Diluted per share adjusted ( ¹ ) $ Net income Diluted per share SASSA SA $ 260 $ 2.36 $ 260 $ $ 2.36 SSS SA 223 $ $ 1.80 $ 159 $ $ 1.28 SASSA SA 791 $ 697 7.08 791 $ 7.08 SSS $ 5.58 $ 600 $ 4.80 ( 1 ) For definitions of non - GAAP financial measures , see the note titled " Note on Non - GAAP Financial Measures ” and related reconciliations beginning on page 16 . 1