DaVita Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,079	1,251	956.98	781.64	1,212
Depreciation & Amortization	715.35	723.86	745.44	732.6	680.62
Stock-Based Compensation	139.95	102.79	112.38	95.43	102.21
Other Adjustments	215.72	-25.53	49.7	-45.2	76.93
Change in Receivables	-210.63	-29.77	172.36	-148.39	-138.14
Changes in Inventories	-19.95	17.94	-32.13	-0.76	5.72
Changes in Accounts Payable	128.3	1.7	26.89	87.48	-30.32
Changes in Accrued Expenses	-24.04	14.69	56.21	34.54	-16.72
Changes in Income Taxes Payable	50.25	-44.21	1.57	-24.1	36.92
Changes in Other Operating Activities	-187.17	9.83	-30.36	51.34	1.9
Operating Cash Flow	1,887	2,022	2,059	1,565	1,931
Operating Cash Flow Growth	-6.70%	-1.80%	31.60%	-18.97%	-2.43%
Capital Expenditures	-575.86	-555.44	-567.99	-603.43	-641.47
Purchases of Investments	-49.47	-29.66	-322.95	-165.28	-47.76
Proceeds from Sale of Investments	52.14	27.2	110	74.91	27.88
Payments for Business Acquisitions	-117.47	-246.07	-26.39	-57.31	-187.05
Proceeds from Business Divestments	34.17	25.86	30.61	117.58	61.46
Other Investing Activities	1.54	6.68	4.91	3.18	2.2
Investing Cash Flow	-654.95	-771.43	-771.8	-630.35	-784.73
Long-Term Debt Issued	5,612	6,624	2,468	2,393	1,615
Long-Term Debt Repaid	-4,789	-5,515	-3,021	-2,404	-861.12
Net Long-Term Debt Issued (Repaid)	823.44	1,109	-552.62	-11.28	754.26
Issuance of Common Stock	23.29	20.45	16.9	18.58	-
Repurchase of Common Stock	-1,828	-1,520	-337.23	-858.17	-1,539
Net Common Stock Issued (Repurchased)	-1,805	-1,500	-320.33	-839.6	-1,539
Other Financing Activities	-393.22	-426.52	-297.55	-270.25	-298.6
Financing Cash Flow	-1,375	-816.94	-1,170	-1,121	-1,083
Effect of Exchange Rate Changes on Cash and Cash Equivalents	21.15	-18.48	8.91	-29.07	-10.01
Net Cash Flow	-122.08	415.19	125.65	-215.97	53.17
Free Cash Flow	1,311	1,467	1,491	961.14	1,289
Free Cash Flow Growth	-10.63%	-1.64%	55.13%	-25.46%	-1.16%
FCF Margin	9.61%	11.44%	12.28%	8.28%	11.10%
Free Cash Flow Per Share	17.27	16.80	16.00	10.03	11.73
Levered Free Cash Flow	1,657	2,214	338.55	826.79	1,769
Unlevered Free Cash Flow	1,686	1,877	1,503	1,342	1,471

Updated Feb 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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