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Dec 31, 2019
DaVita Q4 2019 Earnings Report
Announced results for the fourth quarter and year ended December 31, 2019.
Key Takeaways
DaVita Inc. reported consolidated revenues of $2.899 billion, operating income of $463 million, and diluted earnings per share from continuing operations of $1.86 for the fourth quarter of 2019. The company repurchased 8,368,506 shares of its common stock at an average cost of $64.80 per share.
Consolidated revenues reached $2.899 billion.
Operating income was $463 million, representing a 16.0% operating margin.
Diluted earnings per share from continuing operations amounted to $1.86.
Operating cash flow from continuing operations was $678 million, with free cash flow from continuing operations at $415 million.
DaVita
DaVita
DaVita Revenue by Segment
DaVita Revenue by Geographic Location
Revenue by Segment
U.S. dialysis Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
DaVita provided its 2020 financial outlook, but did not provide guidance for diluted net income from continuing operations per share attributable to DaVita Inc., effective tax rate on income from continuing operations or free cash flow from continuing operations. The guidance excludes certain items, including foreign currency fluctuations.
Positive Outlook
- Revenue between $11.5 billion and $11.7 billion.
- Operating income margin between 13.0% and 14.0%.
- Effective income tax rate on adjusted income from continuing operations attributable to DaVita Inc. between 28.0% and 29.5%.
- Adjusted diluted net income from continuing operations per share attributable to DaVita Inc. between $5.75 and $6.25.
- Capital expenditures from continuing operations between $700 million and $750 million.
Challenges Ahead
- Significant risks and uncertainties could cause actual results to vary significantly.
- Guidance excludes certain items, including foreign currency fluctuations.
- Inability to predict certain items contained in the GAAP measures without unreasonable efforts.
- Guidance for effective income tax rate excludes third party owners' income and related taxes attributable to non-tax paying entities.
- The forward-looking measures and the underlying assumptions involve significant risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income