| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 275,035 | 331,031 | 240,249 | 275,220 |
| Depreciation and amortization | 177,829 | 186,703 | 177,490 | 174,704 |
| Impairment charges | NaN | 0 | NaN | NaN |
| Loss on extinguishment of debt | NaN | 8,133 | 4,253 | 0 |
| Stock-based compensation expense | 28,160 | 38,394 | 38,992 | 32,808 |
| Deferred income taxes | 54,798 | 17,585 | 78,827 | -14,173 |
| Equity investment (income) loss, net | 30 | -42,781 | -43,802 | -27,468 |
| Gain on changes in ownership interests | NaN | 0 | 0 | 0 |
| Other non-cash losses, net | -6,706 | 29,071 | -4,574 | 189 |
| Accounts receivable | 29,751 | 65,944 | -143,759 | 133,171 |
| Inventories | -20,277 | 20,863 | -10,505 | -5,180 |
| Other current assets | 22,772 | -29,131 | 82,483 | 29,858 |
| Other long-term assets | 2,571 | 40,232 | 3,002 | 10,045 |
| Accounts payable | -23,774 | 30,424 | 62,267 | -10,583 |
| Accrued compensation and benefits | -88,343 | -43,321 | 144,644 | 2,829 |
| Other current liabilities | -96,903 | -46,425 | 20,048 | 35,808 |
| Income taxes | 27,125 | 80,880 | -40,097 | -30,367 |
| Other long-term liabilities | -4,955 | 21,520 | -2,299 | -1,395 |
| Net cash provided by operating activities | 320,831 | 540,726 | 841,529 | 324,236 |
| Additions of property and equipment | 102,018 | 145,430 | 166,085 | 121,091 |
| Acquisitions | 33,924 | -869 | 107,741 | 353 |
| Proceeds from asset and business sales | 3,721 | 1,836 | 9,937 | 11,726 |
| Purchase of debt investments held-to-maturity | 290 | 563 | -11,633 | 581 |
| Purchase of other debt and equity investments | 9,655 | 2,679 | 350 | 531 |
| Proceeds from debt investments held-to-maturity | 942 | 7,362 | -9,963 | 44,934 |
| Proceeds from sale of other debt and equity investments | 4,332 | 17 | 327 | 717 |
| Purchase of equity method investments | 2,308 | 24,564 | 322 | 2,144 |
| Distributions from equity method investments | 109 | 26 | 44 | 158 |
| Net cash used in investing activities | -139,091 | -163,126 | -262,520 | -67,165 |
| Borrowings | 1,263,179 | 940,110 | 482,454 | 3,556,527 |
| Payments on long-term debt | 917,087 | 908,124 | 507,421 | 3,027,335 |
| Deferred and debt related financing costs | 2,882 | 27,403 | 1,283 | 25,133 |
| Purchase of treasury stock from related party | 199,940 | 54,347 | 230,025 | 168,577 |
| Other purchases of treasury stock | 196,371 | 274,479 | 240,053 | 283,673 |
| Distributions to noncontrolling interests | 85,440 | 91,549 | 81,634 | 58,065 |
| Net proceeds from issuance of common stock under employee stock plans | 2,386 | 5,707 | 8,670 | 3,976 |
| Payment of tax withholdings on net share settlements of equity awards | 63,155 | 1,527 | 3,287 | 263 |
| Contributions from noncontrolling interests | 4,049 | 3,079 | 1,421 | 409 |
| Proceeds from sales of additional noncontrolling interests | NaN | 3,625 | 0 | 169 |
| Purchases of noncontrolling interests | 18,082 | 9,613 | 11,007 | 0 |
| Net cash used in financing activities | -213,343 | -414,521 | -582,165 | 4,446 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 259 | -746 | 1,611 | 10,869 |
| Net decrease in cash, cash equivalents and restricted cash | -31,344 | -37,667 | -1,545 | 272,386 |
| Cash, cash equivalents and restricted cash at beginning of the year | 757,747 | 795,414 | 796,959 | 524,573 |
| Cash, cash equivalents and restricted cash at end of the period | 726,403 | 757,747 | 795,414 | 796,959 |
DAVITA INC. (DVA)
DAVITA INC. (DVA)