DaVita Q2 2023 Earnings Report
Key Takeaways
DaVita Inc. announced its Q2 2023 financial results, with consolidated revenues of $3.0 billion. The company reported an operating income of $405 million and a diluted EPS of $1.91. Operating cash flow stood at $450 million, while free cash flow reached $260 million.
Consolidated revenues were $3.0 billion.
Operating income was $405 million and adjusted operating income was $432 million.
Diluted earnings per share was $1.91 and adjusted diluted earnings per share was $2.08.
Operating cash flow was $450 million and free cash flow was $260 million.
DaVita
DaVita
DaVita Revenue by Segment
DaVita Revenue by Geographic Location
Forward Guidance
DaVita provided its 2023 outlook, expecting adjusted operating income between $1.565 billion and $1.675 billion, adjusted diluted net income per share attributable to DaVita Inc. between $7.00 and $7.80, and free cash flow between $850 million and $1.1 billion.
Positive Outlook
- Adjusted operating income between $1,565 million and $1,675 million.
- Adjusted diluted net income per share attributable to DaVita Inc. between $7.00 and $7.80.
- Free cash flow between $850 million and $1,100 million.
Challenges Ahead
- The forward-looking measures and the underlying assumptions involve significant known and unknown risks and uncertainties.
- Actual results may vary materially from these forward-looking measures.
- The widespread impact of the COVID-19 pandemic continues to generate significant risk and uncertainty.
- Future results could vary materially from the guidance provided.
- Guidance excludes certain items, including capacity closure charges, severance costs and foreign currency fluctuations, which may be significant.
Revenue & Expenses
Visualization of income flow from segment revenue to net income