Davita (DVA) Q3 FY2023 earnings: revenue $3.1 billion, up 5.9% on the year
Davita Inc. (DVA) reported revenue of $3.1 billion for Q3 FY2023, the quarter ended 30 September 2023, up 5.9% on the same quarter a year earlier. Net income was $247 million, up 134.1% on the year, and diluted earnings per share $2.62. The figures are the company's own, from the 10-Q it filed with the SEC on 7 November 2023.
Revenue
$3.1 billion
+5.9% on the year · +4.0% on the quarter
Q4 FY2021Q3 FY2023
Operating margin
15.9%
10.6% a year earlier
Q4 FY2021Q3 FY2023
Net income
$247 million
+134.1% on the year · +38.0% on the quarter
Q4 FY2021Q3 FY2023
Diluted EPS
$2.62
+131.9% on the year · +37.2% on the quarter
Q4 FY2021Q3 FY2023
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2023
Q2 FY2023
Q3 FY2022
On the quarter
On the year
Last 8 quarters
Revenue
3,121
3,000
2,949
+4.0%
+5.9%
Operating income
496
405
312
+22.4%
+59.1%
Operating margin
15.9%
13.5%
10.6%
Pre-tax income
378
295
207
+28.1%
+82.5%
Income tax
68.8
48.8
42.5
+41.0%
+61.9%
Effective tax rate
18.2%
16.5%
20.5%
Net income
247
179
105
+38.0%
+134.1%
Net margin
7.9%
6.0%
3.6%
Diluted EPS
$2.62
$1.91
$1.13
+37.2%
+131.9%
$ 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 FY2023
Q2 FY2023
Q3 FY2022
On the quarter
On the year
Last 8 quarters
Operating cash flow
661
450
711
+46.9%
-6.9%
Capital expenditure
137
124
144
+9.9%
-4.9%
Free cash flow
524
326
567
+61.0%
-7.5%
Free cash flow margin
16.8%
10.9%
19.2%
Cash from investing
-140
-347
-154
Cash from financing
-395
-96.8
-445
Depreciation and amortisation
188
184
194
+2.6%
-3.1%
Share-based compensation
27.1
29.8
27.8
-9.1%
-2.4%
Buybacks
0.0
0.0
185
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
94m
93m
93m
+0.7%
+0.8%
Shares outstanding at period end
91m
91m
90m
+0.1%
+1.4%
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 FY2023
Q2 FY2023
Q3 FY2022
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,199
1,017
533
+17.9%
+125.1%
Non-controlling interest
180
189
169
-4.5%
+6.3%
Redeemable equity
1,445
1,424
1,371
+1.5%
+5.4%
Debt
8,394
8,699
9,081
-3.5%
-7.6%
Operating lease liabilities
2,342
2,384
2,558
-1.8%
-8.5%
Other liabilities
3,368
3,245
3,249
+3.8%
+3.7%
Total liabilities and equity
16,929
16,959
16,962
-0.2%
-0.2%
Fixed assets
3,097
3,158
3,240
-1.9%
-4.4%
Goodwill
7,088
7,106
7,023
-0.3%
+0.9%
Intangible assets
185
192
180
-3.4%
+3.2%
Investments
57.0
58.5
118
-2.5%
-51.6%
Cash and equivalents
449
327
368
+37.3%
+22.3%
Receivables
2,025
2,010
2,089
+0.8%
-3.1%
Inventory
110
110
107
-0.6%
+2.6%
Other assets
3,917
3,996
3,838
-2.0%
+2.1%
Total assets
16,929
16,959
16,962
-0.2%
-0.2%
Questions
What was Davita's revenue in Q3 FY2023?
Davita (DVA) reported revenue of $3.1 billion for Q3 FY2023, the quarter ended 30 September 2023, up 5.9% on the same quarter a year earlier.
How much did Davita earn in Q3 FY2023?
Net income for Q3 FY2023 was $247 million, up 134.1% on the year, and diluted earnings per share $2.62.
When did Davita report Q3 FY2023 results?
Davita filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 7 November 2023.
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 2023, filed 7 November 2023: the filing.