Davita (DVA) Q3 FY2021 earnings: revenue $2.9 billion, up 0.5% on the year
Davita Inc. (DVA) reported revenue of $2.9 billion for Q3 FY2021, the quarter ended 30 September 2021, up 0.5% on the same quarter a year earlier. Net income was $260 million, up 63.7% on the year, and diluted earnings per share $2.36. The figures are the company's own, from the 10-Q it filed with the SEC on 28 October 2021.
Revenue
$2.9 billion
+0.5% on the year · +0.7% on the quarter
Q4 FY2019Q3 FY2021
Operating margin
16.2%
15.0% a year earlier
Q4 FY2019Q3 FY2021
Net income
$260 million
+63.7% on the year · -11.6% on the quarter
Q4 FY2019Q3 FY2021
Diluted EPS
$2.36
+84.4% on the year · -10.6% on the quarter
Q4 FY2019Q3 FY2021
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Revenue
2,938
2,917
2,924
+0.7%
+0.5%
Operating income
475
490
438
-3.2%
+8.5%
Operating margin
16.2%
16.8%
15.0%
Pre-tax income
394
432
283
-8.8%
+39.2%
Income tax
74.7
81.3
65.8
-8.1%
+13.5%
Effective tax rate
18.9%
18.8%
23.2%
Net income
260
294
159
-11.6%
+63.7%
Net margin
8.8%
10.1%
5.4%
Diluted EPS
$2.36
$2.64
$1.28
-10.6%
+84.4%
$ 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
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Operating cash flow
567
680
483
-16.6%
+17.4%
Capital expenditure
157
150
158
+5.3%
-0.5%
Free cash flow
409
530
324
-22.8%
+26.2%
Free cash flow margin
13.9%
18.2%
11.1%
Cash from investing
-164
-159
-80.2
Cash from financing
-464
-382
-2,621
Depreciation and amortisation
170
170
157
+0.5%
+8.6%
Share-based compensation
24.2
28.1
25.1
-14.0%
-3.6%
Buybacks
322
244
704
+31.8%
-54.3%
Diluted shares, weighted
110m
111m
124m
-1.4%
-11.4%
Shares outstanding at period end
103m
106m
114m
-2.4%
-9.4%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,149
1,278
1,575
-10.0%
-27.0%
Non-controlling interest
179
185
179
-3.4%
+0.1%
Redeemable equity
1,424
1,426
1,304
-0.2%
+9.2%
Debt
8,938
8,798
7,867
+1.6%
+13.6%
Operating lease liabilities
2,717
2,727
2,711
-0.4%
+0.2%
Other liabilities
3,227
3,396
3,412
-5.0%
-5.4%
Total liabilities and equity
17,634
17,810
17,047
-1.0%
+3.4%
Fixed assets
3,463
3,486
3,418
-0.6%
+1.3%
Goodwill
6,941
6,944
6,868
-0.0%
+1.1%
Intangible assets
152
162
118
-6.4%
+28.8%
Investments
60.3
70.5
49.2
-14.5%
+22.5%
Cash and equivalents
1,046
1,044
711
+0.2%
+47.2%
Receivables
2,028
1,947
1,804
+4.1%
+12.4%
Inventory
114
115
106
-1.1%
+7.4%
Other assets
3,830
4,042
3,972
-5.2%
-3.6%
Total assets
17,634
17,810
17,047
-1.0%
+3.4%
Questions
What was Davita's revenue in Q3 FY2021?
Davita (DVA) reported revenue of $2.9 billion for Q3 FY2021, the quarter ended 30 September 2021, up 0.5% on the same quarter a year earlier.
How much did Davita earn in Q3 FY2021?
Net income for Q3 FY2021 was $260 million, up 63.7% on the year, and diluted earnings per share $2.36.
When did Davita report Q3 FY2021 results?
Davita filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 28 October 2021.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2021, filed 28 October 2021: the filing.