Davita (DVA) Q2 FY2024 earnings: revenue $3.2 billion, up 6.2% on the year
Davita Inc. (DVA) reported revenue of $3.2 billion for Q2 FY2024, the quarter ended 30 June 2024, up 6.2% on the same quarter a year earlier. Net income was $223 million, up 24.6% on the year, and diluted earnings per share $2.50. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2024.
Revenue
$3.2 billion
+6.2% on the year · +3.8% on the quarter
Q3 FY2022Q2 FY2024
Operating margin
15.9%
13.5% a year earlier
Q3 FY2022Q2 FY2024
Net income
$223 million
+24.6% on the year · -7.1% on the quarter
Q3 FY2022Q2 FY2024
Diluted EPS
$2.50
+30.9% on the year · -5.7% on the quarter
Q3 FY2022Q2 FY2024
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q2 FY2024
Q1 FY2024
Q2 FY2023
On the quarter
On the year
Last 8 quarters
Revenue
3,187
3,071
3,000
+3.8%
+6.2%
Operating income
506
484
405
+4.7%
+24.9%
Operating margin
15.9%
15.8%
13.5%
Pre-tax income
371
372
295
-0.1%
+25.8%
Income tax
71.7
65.8
48.8
+8.9%
+46.8%
Effective tax rate
19.3%
17.7%
16.5%
Net income
223
240
179
-7.1%
+24.6%
Net margin
7.0%
7.8%
6.0%
Diluted EPS
$2.50
$2.65
$1.91
-5.7%
+30.9%
$ 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
Q2 FY2024
Q1 FY2024
Q2 FY2023
On the quarter
On the year
Last 8 quarters
Operating cash flow
799
-135
450
+77.5%
Capital expenditure
125
121
124
+3.1%
+0.2%
Free cash flow
674
-256
326
+107.0%
Free cash flow margin
21.2%
-8.3%
10.9%
Cash from investing
-162
-215
-347
Cash from financing
-563
319
-96.8
Depreciation and amortisation
176
187
184
-6.1%
-4.4%
Share-based compensation
24.3
24.5
29.8
-1.0%
-18.6%
Buybacks
362
251
0.0
+44.1%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
89m
91m
93m
-1.8%
-4.8%
Shares outstanding at period end
85m
90m
91m
-5.3%
-6.8%
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
Q2 FY2024
Q1 FY2024
Q2 FY2023
On the quarter
On the year
Last 8 quarters
Shareholders' equity
633
926
1,017
-31.7%
-37.8%
Non-controlling interest
217
207
189
+5.1%
+15.1%
Redeemable equity
1,575
1,503
1,424
+4.7%
+10.6%
Debt
8,990
9,128
8,699
-1.5%
+3.3%
Operating lease liabilities
2,281
2,312
2,384
-1.3%
-4.3%
Other liabilities
3,330
3,355
3,245
-0.7%
+2.6%
Total liabilities and equity
17,026
17,431
16,959
-2.3%
+0.4%
Fixed assets
2,982
3,026
3,158
-1.5%
-5.6%
Goodwill
7,201
7,230
7,106
-0.4%
+1.3%
Intangible assets
191
201
192
-4.9%
-0.2%
Investments
52.5
58.3
58.5
-10.1%
-10.3%
Cash and equivalents
416
345
327
+20.7%
+27.2%
Receivables
2,303
2,595
2,010
-11.2%
+14.6%
Inventory
127
146
110
-13.1%
+14.9%
Other assets
3,752
3,830
3,996
-2.0%
-6.1%
Total assets
17,026
17,431
16,959
-2.3%
+0.4%
Questions
What was Davita's revenue in Q2 FY2024?
Davita (DVA) reported revenue of $3.2 billion for Q2 FY2024, the quarter ended 30 June 2024, up 6.2% on the same quarter a year earlier.
How much did Davita earn in Q2 FY2024?
Net income for Q2 FY2024 was $223 million, up 24.6% on the year, and diluted earnings per share $2.50.
When did Davita report Q2 FY2024 results?
Davita filed its 10-Q for the quarter ended 30 June 2024 with the SEC on 6 August 2024.
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 June 2024, filed 6 August 2024: the filing.