Davita (DVA) FY2023 results: revenue $12.1 billion, up 4.6% on the year
Davita Inc. (DVA) reported revenue of $12.1 billion for fiscal 2023, the year ended 31 December 2023, up 4.6% on the year before. Net income was $692 million, up 23.4%, and diluted earnings per share $7.42. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$12.1 billion
+4.6% on the year
FY2016FY2023
Operating margin
13.2%
11.5% a year earlier
FY2016FY2023
Net income
$692 million
+23.4% on the year
FY2016FY2023
Diluted EPS
$7.42
+26.8% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,059
1,565
1,931
+31.6%
Capital expenditure
568
603
641
-5.9%
Free cash flow
1,491
961
1,289
+55.1%
Free cash flow margin
12.3%
8.3%
11.1%
Cash from investing
-772
-630
-785
Cash from financing
-1,170
-1,121
-1,083
Depreciation and amortisation
736
721
668
+2.1%
Share-based compensation
112
95.4
102
+17.8%
Buybacks
272
802
1,539
-66.1%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
93m
96m
110m
-2.8%
Shares outstanding at period end
89m
90m
97m
-1.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,056
712
756
+48.3%
Non-controlling interest
188
164
181
+14.9%
Redeemable equity
1,499
1,349
1,435
+11.1%
Debt
8,392
8,924
8,908
-6.0%
Operating lease liabilities
2,330
2,503
2,673
-6.9%
Other liabilities
3,428
3,276
3,170
+4.6%
Total liabilities and equity
16,894
16,928
17,121
-0.2%
Fixed assets
3,074
3,256
3,480
-5.6%
Goodwill
7,113
7,077
7,046
+0.5%
Intangible assets
203
183
178
+11.2%
Investments
59.5
122
71.8
-51.2%
Cash and equivalents
380
244
462
+55.7%
Receivables
1,987
2,132
1,958
-6.8%
Inventory
143
109
107
+31.1%
Other assets
3,935
3,805
3,819
+3.4%
Total assets
16,894
16,928
17,121
-0.2%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.