DaVita reported consolidated revenues of $3.187 billion, operating income of $506 million and diluted earnings per share of $2.50 (adjusted diluted earnings per share of $2.59) for the quarter ended June 30, 2024.

1. 01

   DaVita reported consolidated revenues of $3.187 billion, operating income of $506 million and diluted earnings per share of $2.50 (adjusted diluted earnings per share of $2.59) for the quarter ended June 30, 2024.

2. 02

   The company said operating cash flow was $799 million and free cash flow was $654 million for Q2 2024. It said operating cash flow was $450 million and free cash flow was $260 million in the year-earlier period.

3. 03

   The company said it repurchased 2.7 million shares for $376 million in Q2 2024, at an average price paid of $140.14 per share. It also said it extended the maturity date for a portion of Term Loan B-1 (aggregate principal amount of $1,640 million) in May 2024.

4. 04

   The company said it no longer excludes center closure costs from its 2024 outlook after an SEC Staff comment letter. As a result, it said the current outlook no longer excludes approximately $60 million in center closure costs. The current 2024 free cash flow outlook is $950 million to $1,200 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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