Market Overview

DaVita Inc. 3rd Quarter 2019 Results

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DENVER, Nov. 5, 2019 /PRNewswire/ -- DaVita Inc. (NYSE:DVA) today announced results for the quarter ended September 30, 2019.

Third quarter 2019 financial and operational highlights:

  • Consolidated revenues of $2.904 billion.
  • Operating income of $378 million and adjusted operating income of $462 million.
  • Cash flows from continuing operations of $648 million.
  • Entered into a new $5.5 billion senior secured credit agreement and redeemed our 5.75% senior notes.
  • Repurchased 30,591,750 shares of our common stock at an average cost of $57.14 per share.

 


Three months ended
September 30,


Nine months ended
September 30,


2019


2018


2019


2018

Net income attributable to DaVita Inc.:

(dollars in millions, except per share data)


Net income from continuing operations

$

150



$

73



$

465



$

464



Per share

$

0.99



$

0.44



$

2.87



$

2.66



Adjusted net income from continuing operations(1)

$

232



$

93



$

588



$

467



Per share adjusted(1)

$

1.53



$

0.56



$

3.64



$

2.68



Net income (loss)

$

143



$

(137)



$

566



$

309



Per share

$

0.95



$

(0.82)



$

3.50



$

1.77


 


Three months ended
September 30,


Nine months ended
September 30,


2019


2018


2019


2018

Operating income:

(dollars in millions)


Operating income

$

378



$

289



$

1,181



$

1,138



Adjusted operating income(1)

$

462



$

314



$

1,306



$

1,143


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