Davita (DVA) FY2019 results: revenue $11.4 billion, down 0.1% on the year
Davita Inc. (DVA) reported revenue of $11.4 billion for fiscal 2019, the year ended 31 December 2019, down 0.1% on the year before. Net income was $811 million, up 408.8%, and diluted earnings per share $5.27. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$11.4 billion
-0.1% on the year
FY2016FY2019
Operating margin
14.4%
13.4% a year earlier
FY2016FY2019
Net income
$811 million
+408.8% on the year
FY2016FY2019
Diluted EPS
$5.27
+472.8% on the year
FY2016FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
11,388
11,405
10,877
-0.1%
Operating income
1,643
1,526
1,813
+7.7%
Operating margin
14.4%
13.4%
16.7%
Interest expense
420
462
406
-9.1%
Pre-tax income
1,195
1,048
1,400
+14.0%
Income tax
280
258
324
+8.2%
Effective tax rate
23.4%
24.6%
23.1%
Net income
811
159
664
+408.8%
Net margin
7.1%
1.4%
6.1%
Diluted EPS
$5.27
$0.92
$3.47
+472.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,072
1,772
1,913
+17.0%
Capital expenditure
767
987
905
-22.3%
Free cash flow
1,306
785
1,008
+66.5%
Free cash flow margin
11.5%
6.9%
9.3%
Cash from investing
2,995
-1,006
-1,367
Cash from financing
-4,696
-625
-766
Depreciation and amortisation
601
575
544
+4.5%
Share-based compensation
67.8
73.1
35.1
-7.1%
Buybacks
2,384
1,162
803
+105.2%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
154m
172m
191m
-10.8%
Shares outstanding at period end
126m
166m
182m
-24.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,133
3,703
4,690
-42.4%
Non-controlling interest
186
205
196
-9.3%
Redeemable equity
1,180
1,125
1,011
+5.0%
Debt
8,108
10,102
9,336
-19.7%
Operating lease liabilities
2,724
0.0
n/a
Other liabilities
2,980
3,975
3,715
-25.0%
Total liabilities and equity
17,311
19,110
18,948
-9.4%
Fixed assets
3,473
3,394
3,149
+2.3%
Goodwill
6,788
6,842
6,610
-0.8%
Intangible assets
136
119
114
+14.2%
Investments
48.1
38.4
70.5
+25.4%
Cash and equivalents
1,102
323
508
+241.3%
Receivables
1,796
1,859
1,715
-3.4%
Inventory
97.9
107
182
-8.8%
Other assets
3,871
6,428
6,600
-39.8%
Total assets
17,311
19,110
18,948
-9.4%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.