DAVITA INC. Earnings Per Share Disclosure
| Year ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Net income attributable to DaVita Inc.: | |||||||||||||||||
| Continuing operations | $ | 721,803 | $ | 936,342 | $ | 691,535 | |||||||||||
| Discontinued operations | 25,000 | — | — | ||||||||||||||
| Net income attributable to DaVita Inc. | $ | 746,803 | $ | 936,342 | $ | 691,535 | |||||||||||
| Weighted average shares outstanding: | |||||||||||||||||
| Basic shares | 74,227 | 84,991 | 90,790 | ||||||||||||||
| Assumed incremental from stock plans | 1,658 | 2,283 | 2,392 | ||||||||||||||
| Diluted shares | 75,885 | 87,274 | 93,182 | ||||||||||||||
| Basic net income attributable to DaVita Inc.: | |||||||||||||||||
| Continuing operations per share | $ | 9.72 | $ | 11.02 | $ | 7.62 | |||||||||||
| Discontinued operations per share | 0.34 | — | — | ||||||||||||||
| Basic net income per share attributable to DaVita Inc. | $ | 10.06 | $ | 11.02 | $ | 7.62 | |||||||||||
| Diluted net income attributable to DaVita Inc.: | |||||||||||||||||
| Continuing operations per share | $ | 9.51 | $ | 10.73 | $ | 7.42 | |||||||||||
| Discontinued operations per share | 0.33 | — | — | ||||||||||||||
| Diluted net income per share attributable to DaVita Inc. | $ | 9.84 | $ | 10.73 | $ | 7.42 | |||||||||||
Anti-dilutive stock-settled awards excluded from calculation(1) | 179 | 103 | 531 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 11, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 11, 2022 | |
| 2020 | Feb 12, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 26, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.