| DaVita Inc. (NYSE: DVA) announced financial and operating results for the quarter ended December 31, 2024. |
| "Despite a year with unique hurdles, we finished strong in 2024, producing full-year adjusted operating income and adjusted EPS in the top half of our guidance range," said Javier Rodriquez, CEO of DaVita Inc. "As we embark on 2025, when we will be celebrating the 25th anniversary of DaVita, we look forward to continuing our efforts to improve clinical outcomes, enhance quality of life for our patients and teammates, and be a force for positive change in the healthcare system." |
| Financial and operating highlights for the quarter and year ended December 31, 2024: |
- Consolidated revenues were $3.295 billion and $12.816 billion for the three months and year ended December 31, 2024, respectively.
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- Operating income was $565 million and adjusted operating income was $491 million for the three months ended December 31, 2024. Operating income was $2,090 million and adjusted operating income was $1,981 million for the year ended December 31, 2024.
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- Diluted earnings per share were $3.09 and adjusted diluted earnings per share were $2.24 for the three months ended December 31, 2024. Diluted earnings per share were $10.73 and adjusted diluted earnings per share were $9.68 for the year ended December 31, 2024.
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- Operating cash flow was $548 million and free cash flow was $281 million for the three months ended December 31, 2024. Operating cash flow was $2,022 million and free cash flow was $1,162 million for the year ended December 31, 2024.
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- Repurchased 2.3 million shares of the Company's common stock at an average price paid of $156.46 per share in the three months ended December 31, 2024. Repurchased 9.8 million shares of the Company's common stock at an average price paid of $140.06 per share in the year ended December 31, 2024.
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| Outlook: |
| The following forward-looking measures and the underlying assumptions involve significant known and unknown risks and uncertainties, including those described below, and actual results may vary materially from these forward-looking measures. We do not provide guidance for operating income or diluted net income per share attributable to DaVita Inc. on a basis consistent with United States generally accepted accounting principles (GAAP) nor a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures on a forward-looking basis because we are unable to predict certain items contained in the GAAP measures without unreasonable efforts. These current non-GAAP financial measures do not include certain items, including gains on changes in ownership interest, debt prepayment, extinguishment and modification costs, and foreign currency fluctuations, which may be significant. The guidance for our effective income tax rate on adjusted income attributable to DaVita Inc. also excludes the amount of third-party owners' income and related taxes attributable to non-tax-paying entities. |
| For the full document, click the link below: |
| DaVita Inc. |
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