NYSE$DVA

DaVita HealthCare Partners Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

DaVita's financial performance in Q4 2021 showed revenue growth and increased earnings per share despite ongoing challenges.

DaVita Inc. reported consolidated revenues of $2.944 billion and operating income of $389 million for the fourth quarter of 2021. Diluted earnings per share was $1.79, and adjusted diluted earnings per share was $2.02.

  • Consolidated revenues reached $2.944 billion.
  • Operating income amounted to $389 million.
  • Diluted earnings per share stood at $1.79.
  • Adjusted diluted earnings per share was $2.02.

Headline financials

Total Revenue

$2.94B

Previous: $2.91B+1.3%
EPS (adj)

$2.02

Previous: $1.67+21.0%
U.S. Dialysis Treatments

7.5M

Previous: 7.6M-1.6%
U.S. Dialysis Avg Treatments per Day

94.4K

Previous: 95.9K-1.6%
U.S. Dialysis Avg Revenue per Treatment

$361.70

Previous: $351.78+2.8%
Capital Expenditures

$190M

Previous: $225M-15.6%
Free Cash Flow

$290M

Previous: $210M+38.1%
Net Income

$249M

Previous: $234M+6.4%
Operating Income

$389M

Previous: $382M+1.9%
Gross Profit

$884M

Previous: $848M+4.2%
Cash & Equivalents

$462M

Previous: $325M+42.1%
Total Assets

$17.1B

Previous: $17B+0.8%
Stock-Based Comp

$26.3M

Previous: $24.2M+8.5%

Revenue & EPS history

DaVita · Revenue · Quarterly

$2.94B

Q4 2021+1.3%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

DaVita · $2.87B total across 2 segments · Q4 2021

  • U.S. Dialysis Patient Services
    $2.7B+1.1%
  • International Dialysis Patient Service
    $170M-26.4%

Forward guidance

DaVita provided its 2022 financial guidance, including adjusted operating income between $1.525 billion and $1.675 billion, adjusted diluted net income per share between $7.50 and $8.50, and free cash flow between $850 million and $1.1 billion.

Tailwinds

  • Adjusted operating income is expected to be between $1,525 million and $1,675 million.
  • Adjusted diluted net income from continuing operations per share attributable to DaVita Inc. is projected to be between $7.50 and $8.50.
  • Free cash flow from continuing operations is anticipated to be between $850 million and $1,100 million.

Headwinds

  • 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 foreign currency fluctuations, which may be significant.
  • Guidance excludes the amount of third party owners' income and related taxes attributable to non-tax paying entities.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.6%

Avg return

30 days after

54%

39 / 72 earnings

Positive

+14.7%

Q3 2019

Best reaction

-24.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%+22.2%+22.4%
Q4 2025+11.0%+26.7%+34.9%
Q3 2025-6.0%-5.2%-5.4%
Q1 2025-0.2%+0.7%-4.9%
Q4 2024-11.1%-12.5%-19.0%
Q3 2024-10.1%-9.8%+5.5%
Q2 2024-1.1%+3.6%+9.8%
Q1 2024-3.8%-1.5%+5.3%
Q4 2023+8.0%+6.9%+19.0%
Q3 2023+7.4%+5.1%+33.9%
Q2 2023+6.7%+8.6%+1.0%
Q1 2023+13.8%+5.9%+13.7%
Q4 2022-0.3%-0.3%-8.4%
Q3 2022-24.5%-27.9%-23.6%
Q2 2022+2.7%+1.8%+1.3%
Q1 2022-7.1%-5.0%-12.7%
Q4 2021-1.2%+3.5%-2.6%
Q3 2021-6.9%-6.2%-12.3%
Q2 2021+10.2%+9.7%+10.0%
Q1 2021+2.8%+8.9%+6.0%
Q4 2020-7.4%-8.1%-4.4%
Q3 2020-0.0%+7.7%+27.4%
Q2 2020-4.3%-8.5%-4.8%
Q1 2020+9.6%+7.5%+9.7%
Q4 2019+8.8%+5.7%-8.0%
Q3 2019+14.7%+13.6%+17.9%
Q2 2019+0.4%-1.5%-5.8%
Q1 2019-10.4%-9.8%-19.4%
Q4 2018+1.3%+3.0%-6.7%
Q3 2018+1.3%-1.5%-14.9%
Q2 2018+5.4%+3.9%-1.4%
Q1 2018+4.7%+1.2%+5.9%
Q4 2017+1.8%+0.3%-5.4%
Q3 2017-8.5%-7.4%+13.0%
Q2 2017-9.8%-10.9%-9.6%
Q1 2017-3.8%-5.3%-2.4%
Q4 2016+3.2%+6.2%+4.5%
Q3 2016+1.1%+0.1%+11.1%
Q2 2016-6.0%-10.1%-16.4%
Q1 2016+2.9%
Q4 2015-1.7%
Q3 2015-0.9%
Q2 2015+1.0%
Q1 2015-1.1%
Q4 2014-3.8%
Q3 2014-3.9%
Q2 2014+0.1%
Q1 2014-2.8%
Q4 2013+3.9%
Q3 2013-3.0%
Q2 2013-2.9%
Q1 2013+9.4%
Q4 2012-1.1%
Q3 2012+1.4%
Q2 2012-1.1%
Q1 2012-4.9%
Q4 2011+0.3%
Q3 2011+0.8%
Q2 2011-0.2%
Q1 2011+2.9%
Q4 2010+2.4%
Q3 2010-0.4%
Q2 2010+3.3%
Q1 2009+1.1%
Q1 2010+0.3%
Q4 2009-0.1%
Q3 2009+0.1%
Q3 2008+0.1%
Q2 2008+4.6%
Q4 2008+4.6%
Q2 2009+4.6%
Q4 2007+4.6%

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