Davita (DVA) FY2021 results: revenue $11.6 billion, up 0.6% on the year
Davita Inc. (DVA) reported revenue of $11.6 billion for fiscal 2021, the year ended 31 December 2021, up 0.6% on the year before. Net income was $978 million, up 26.5%, and diluted earnings per share $8.90. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$11.6 billion
+0.6% on the year
FY2016FY2021
Operating margin
15.5%
14.7% a year earlier
FY2016FY2021
Net income
$978 million
+26.5% on the year
FY2016FY2021
Diluted EPS
$8.90
+41.0% on the year
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,931
1,979
2,072
-2.4%
Capital expenditure
641
675
767
-4.9%
Free cash flow
1,289
1,304
1,306
-1.2%
Free cash flow margin
11.1%
11.3%
11.5%
Cash from investing
-785
-825
2,995
Cash from financing
-1,083
-1,847
-4,696
Depreciation and amortisation
668
617
601
+8.3%
Share-based compensation
102
91.5
67.8
+11.8%
Buybacks
1,539
1,458
2,384
+5.5%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
110m
123m
154m
-10.3%
Shares outstanding at period end
97m
110m
126m
-11.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
756
1,384
2,133
-45.4%
Non-controlling interest
181
183
186
-1.4%
Redeemable equity
1,435
1,330
1,180
+7.9%
Debt
8,908
8,086
8,108
+10.2%
Operating lease liabilities
2,673
2,739
2,724
-2.4%
Other liabilities
3,170
3,267
2,980
-3.0%
Total liabilities and equity
17,121
16,989
17,311
+0.8%
Fixed assets
3,480
3,522
3,473
-1.2%
Goodwill
7,046
6,919
6,788
+1.8%
Intangible assets
178
167
136
+6.7%
Investments
71.8
52.3
48.1
+37.3%
Cash and equivalents
462
325
1,102
+42.1%
Receivables
1,958
1,824
1,796
+7.3%
Inventory
107
112
97.9
-3.8%
Other assets
3,819
4,068
3,871
-6.1%
Total assets
17,121
16,989
17,311
+0.8%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.