Davita (DVA) FY2022 results: revenue $11.6 billion, down 0.1% on the year
Davita Inc. (DVA) reported revenue of $11.6 billion for fiscal 2022, the year ended 31 December 2022, down 0.1% on the year before. Net income was $560 million, down 42.7%, and diluted earnings per share $5.85. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$11.6 billion
-0.1% on the year
FY2016FY2022
Operating margin
11.5%
15.5% a year earlier
FY2016FY2022
Net income
$560 million
-42.7% on the year
FY2016FY2022
Diluted EPS
$5.85
-34.3% on the year
FY2016FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,565
1,931
1,979
-19.0%
Capital expenditure
603
641
675
-5.9%
Free cash flow
961
1,289
1,304
-25.5%
Free cash flow margin
8.3%
11.1%
11.3%
Cash from investing
-630
-785
-825
Cash from financing
-1,121
-1,083
-1,847
Depreciation and amortisation
721
668
617
+8.0%
Share-based compensation
95.4
102
91.5
-6.6%
Buybacks
802
1,539
1,458
-47.9%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
96m
110m
123m
-12.8%
Shares outstanding at period end
90m
97m
110m
-7.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
712
756
1,384
-5.7%
Non-controlling interest
164
181
183
-9.5%
Redeemable equity
1,349
1,435
1,330
-6.0%
Debt
8,924
8,908
8,086
+0.2%
Operating lease liabilities
2,503
2,673
2,739
-6.3%
Other liabilities
3,276
3,170
3,267
+3.4%
Total liabilities and equity
16,928
17,121
16,989
-1.1%
Fixed assets
3,256
3,480
3,522
-6.4%
Goodwill
7,077
7,046
6,919
+0.4%
Intangible assets
183
178
167
+2.8%
Investments
122
71.8
52.3
+69.9%
Cash and equivalents
244
462
325
-47.2%
Receivables
2,132
1,958
1,824
+8.9%
Inventory
109
107
112
+1.6%
Other assets
3,805
3,819
4,068
-0.4%
Total assets
16,928
17,121
16,989
-1.1%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.