DAVITA INC. DVA Cash Flow

Davita inc. (DVA)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net income
287,895	302,962	201,688	327,157	189,487	-101,843	-96,668	306,322	225,229	340,679	-172,034	161,625	500,285	188,270	612,150	94,503	138,159	34,474	261,307	207,777	-76,148	250,388	219,784	181,421	211,737	244,273	169,836	283,358	59,734	183,800	172,550	120,004	164,883	176,132	161,846	120,665	114,752	92,445	142,881	123,893	125,000	125,583	126,270	119,632	108,274
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
154,679	158,467	155,915	152,242	148,528	155,157	146,000	147,079	142,799	183,958	203,283	200,038	190,206	188,777	181,739	180,381	169,355	163,330	162,062	158,843	153,789	153,600	148,865	145,905	142,565	138,732	133,005	130,626	125,756	109,540	80,586	77,807	75,975	72,987	67,821	64,470	62,037	-	-	58,353	57,468	56,865	56,813	58,185	57,123
(Gain) loss on settlements, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-990,000	0	0	495,000	-	-	-	-	0	97,000	0	300,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
0	0	83,855	0	41,037	41,537	6,093	14,351	0	280,066	601,040	61,117	39,366	43,408	0	176,000	77,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt refinancing charges
884	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
19,870	20,039	18,766	16,935	12,110	13,456	39,744	10,176	9,685	6,614	10,974	7,903	9,601	8,521	6,100	10,620	13,097	13,870	14,495	15,537	12,762	12,420	14,624	14,625	15,074	12,903	14,829	16,245	16,021	10,527	10,513	11,794	12,550	12,326	13,334	13,342	9,716	12,059	11,093	12,166	10,233	10,572	11,438	11,403	11,009
Tax benefits from stock award exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,029	18,674	9,366	13,592	3,417	19,132	22,978	6,028	4,346	27,156	9,368	28,712	32,669	16,693	10,890	3,103	1,331	19,897	13,868	10,951	2,859	5,023	7,873	5,807	2,460	7,813	2,161
Excess tax benefits from stock award exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,642	9,329	7,584	12,606	2,427	11,902	18,336	4,475	3,280	21,485	6,957	22,690	24,505	8,740	6,101	1,194	631	11,813	7,196	4,204	432	269	1,378	-1,165	524	6,812	779
Deferred income taxes
103,301	-30,867	11,884	19,334	41,372	73,604	143,174	13,265	43,617	-262,436	-173,719	20,847	20,091	3,232	28,826	-27,567	47,519	63,738	-6,412	208,358	-203,940	-	-	-	-	26,705	49,954	9,292	-111,331	45,139	24,157	-12,196	-13,335	15,061	14,152	6,004	18,221	13,900	72,196	-7,386	-3,311	5,452	15,411	13,576	16,430
Equity investment loss, net
9,482	-3,451	-2,500	-2,968	337	-17,838	-9,045	3,998	-3,564	-9,854	-9,704	-7,944	-1,423	-941	-2,550	-9,037	-5,238	1,270	-5,306	-2,718	-2,539	-	-	-	-	-1,798	-1,570	-1,990	2,486	-3,374	-149	622	-483	-116	234	948	-1,420	250	267	1,447	1,334	-862	708	376	-18
Other non-cash charges, net
-5,055	-25,288	1,566	-24,137	-1,720	82,482	-120,519	-34,378	-9,959	-25,217	-13,092	-19,147	-9,464	-1,820	-13,957	11,613	11,507	-67,209	1,865	12,788	7,865	-69,878	7,743	14,515	8,346	85,554	14,847	-57,654	-11,396	13,146	4,341	5,778	7,125	3,931	5,556	5,336	5,506	3,935	2,565	3,780	-695	5,622	3,943	4,329	7,051
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:
Accounts receivable
32,966	-102,727	-105,753	156,145	132,292	6,554	-27,124	38,045	63,701	10,281	32,816	129,376	-16,168	66,580	-18,345	25,908	78,097	24,719	35,198	-8,793	151,743	57,286	-81,689	10,514	54,565	80,496	-38,685	-74,510	92,339	-3,676	-1,945	-18,412	71,706	27,365	-21,592	62,614	20,461	-33,699	12,044	-33,130	-594	-35,922	14,162	40,316	13,757
Inventories
-1,835	-639	2,023	-8,218	-3,324	14,850	-16,723	-14,011	-57,621	32,897	-45,339	22,158	8,909	-35,965	3,832	4,289	4,924	12,457	13,076	13,587	9,193	21,200	14,467	-1,549	12,280	3,477	6,418	1,238	-2,162	-2,094	-245	3,138	-4,851	1,497	-2,398	-1,940	-7,429	6,933	-1,036	-187	-1,818	743	3,186	-5,989	-13,055
Other receivables and other current assets
24,965	48,529	-56,461	6,341	-1,199	-237,752	-90,928	57,565	34,120	67,876	-65,296	24,341	84,511	43,735	-105,994	32,284	75,326	22,163	-105,286	31,743	18,619	69,237	-103,143	77,840	17,740	72,677	-29,592	33,068	32,281	13,317	-3,109	-5,486	-56,452	28,040	-57,946	1,131	-24,922	61,315	16,457	11,290	-44,343	32,940	6,190	37,391	-41,417
Other long-term assets
-2,673	-4,641	-2,734	-1,587	1,997	-1,355	1,312	-1,400	-2,054	-1,886	1,707	9,814	2,310	-4,812	-31,512	-534	965	-1,783	-1,562	-225	-153	-294	-464	-740	-1,418	130	-19,081	-8,645	9,865	5,204	1,057	-744	-3,742	369	-244	-1,174	-990	-714	-774	-195	782	-1,647	-2,317	-1,902	-1,422
Accounts payable
-24,045	22,123	-37,775	-30,350	-38,537	-23,159	-48,028	98,058	-62,830	8,281	74,492	-29,683	-26,214	57,404	-68,316	15,027	7,782	19,525	-39,350	61,756	-10,933	-5,288	48,354	-3,464	-42,558	88,247	23,313	-10,998	-83,896	59,078	-26,378	28,802	-20,624	27,748	15,216	14,871	26,565	-91,122	33,095	60,455	1,800	-45,884	-7,035	13,451	-65,411
Accrued compensation and benefits
-96,428	43,233	30,543	85,110	-173,583	43,940	16,407	86,368	-62,550	-18,176	3,664	-902	-62,825	-11,017	38,191	74,007	-32,909	-68,131	149,397	-56,954	30,638	-50,309	127,658	-3,658	23,570	-76,509	129,156	-10,489	-3,790	-94,625	89,892	-18,414	41,623	-44,557	53,623	36,466	31,542	-32,913	7,006	48,146	17,349	-29,871	-16,344	58,480	-21,403
Other current liabilities
3,982	41,894	-11,734	134,544	17,236	-203,086	-12,697	8,942	49,379	-37,537	25,454	23,624	-9,633	56,945	6,724	57,152	55,673	16,799	-81,062	116,961	60,772	10,658	40,962	11,355	20,615	-12,686	8,598	3,628	79,277	-76,140	21,874	47,887	17,462	-43,246	16,983	-35,199	9,483	6,861	-92,178	18,936	-45,063	24,840	-26,024	11,757	-54,116
Income taxes
-32,616	38,366	-272	25,049	32,502	-45,384	-2,607	-6,416	30,772	-74,845	-100,968	-134,853	258,490	-2,216	-55,434	58,341	76,685	6,485	144,742	-216,430	106,970	-132,758	69,397	-90,019	92,905	48,711	-6,030	-102,583	93,401	-60,840	-20,039	-92,141	43,072	-11,036	53,655	4,921	29,878	9,966	-50,600	-52,720	47,617	-10,648	19,691	-4,804	40,339
Other long-term liabilities
709	-3,904	-9,421	-17,656	-465	-6,577	1,722	-7,237	11,061	-7,491	-872	5,041	14,479	42,643	19,405	-50,739	19,208	28,581	7,685	-11,307	8,395	22,187	-6,063	-34,370	16,663	14,388	15,044	-11,116	47,829	13,965	-3,417	3,949	4,532	-3,441	10,362	3,029	1,111	2,432	1,353	640	315	-1,660	3,317	-4,435	-8,584
Net cash provided by operating activities
360,381	680,530	640,710	609,811	141,304	389,392	457,673	562,036	362,539	345,016	553,093	149,886	865,171	490,864	535,623	516,637	429,002	436,673	678,996	31,442	410,089	-69,991	847,900	262,391	419,107	354,187	733,128	306,819	379,207	200,235	366,634	202,105	331,874	150,659	495,194	204,410	329,783	120,551	161,366	295,919	261,847	152,591	167,487	212,383	134,249
Cash flows from investing activities:
Additions of property and equipment
154,942	219,363	173,265	175,040	198,878	281,479	231,682	241,534	232,443	265,421	240,889	184,405	214,535	253,852	216,616	185,440	173,187	245,785	171,340	169,452	121,421	197,823	164,914	152,031	126,562	218,070	141,131	141,672	116,724	171,197	128,441	138,049	112,459	148,277	96,950	87,399	67,530	104,226	70,025	56,766	42,585	68,952	67,448	65,002	73,203
Payments to Acquire Businesses, Gross
34,107	23,513	11,378	54,696	11,274	69,630	24,061	72,883	16,582	77,341	106,699	542,603	77,236	66,525	24,017	68,160	405,154	5,760	45,650	4,409	40,650	53,977	119,675	30,585	67,857	75,592	82,690	60,614	91,498	3,874,963	72,340	214,075	132,699	150,318	775,928	69,673	81,523	50,859	45,942	90,632	1,069	23,616	20,687	3,486	39,828
Proceeds from asset and business sales
31,518	13,773	12,238	3,837,478	13,903	14,937	19,027	97,706	18,535	-193	22,293	23,624	46,612	45,734	1,598	12,736	4,657	12,850	3,450	850	2,565	5,171	3,405	159	56	-24	-2,081	2,006	62,357	1,441	95	1,198	825	23,560	48,669	142	2,812	4,256	790	1,417	16,264	1,441	472	1,585	4,199
Purchase of debt investments held-to-maturity
5,049	3,140	95,000	3,113	209	2,235	2	140	3,586	5,508	2,891	98,946	121,645	156,781	457,446	290,767	228,198	154,279	515,972	748,858	290,774	309,582	41,713	118,822	2,511	5	2	1,028	4	2,161	0	2,045	3,212	7,888	10,056	4,523	15,161	33,075	7,704	3,314	12,522	5,722	1,749	15,187	6
Purchase of other debt and equity investments
2,633	298	348	1,522	3,290	2,657	1,596	1,549	2,646	3,235	3,070	4,454	2,358	4,498	1,168	3,438	4,435	2,116	2,795	2,424	1,448	1,302	1,021	4,293	1,824	5,815	3,344	2,074	1,212	483	382	2,581	489	3,853	250	1,570	298	170	210	224	521	325	308	915	514
Proceeds from debt investments held-to-maturity
5,049	95,376	0	0	0	2,234	0	1,174	31,454	93,705	78,281	204,199	116,285	496,561	198,256	292,984	252,701	667,809	534,865	229,034	205,650	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other debt and equity investments
3,268	-2,217	0	2,591	3,302	743	3,121	511	5,151	586	773	1,024	4,025	10,327	3,299	182	5,155	97	411	333	1,217	1,154	44	15	1,262	3,067	0	0	1,091	415	5	0	6,791	0	0	0	1,149	0	0	20	880	156	0	5,868	10,669
Purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equity method investments
6,174	596	2,055	2,648	4,067	6,303	2,633	7,765	2,476	1,802	1,820	59	1,135	15,467	2,844	2,935	5,850	4,288	6,073	124	7,426	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86	0	350	-	-	-	-
Distributions from equity method investments
445	1,293	1,141	0	155	66	571	544	2,465	26	80	0	0	-	-	-	-	-	-	-	-	391	97	191	146	286	95	0	116	6	0	0	2	-	-	-	-	11	0	0	350	-	-	-	-
Proceeds from maturities of investments held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,793	2,031	7,551	17,948	10,064	4,520	15,163	33,016	7,667	3,259	15,990	257	503	15,600	20
Net cash used in investing activities
-162,625	-138,685	-268,667	3,603,050	-200,358	-344,324	-237,255	-223,936	-200,128	-259,183	-253,942	-601,620	-249,987	55,574	-499,013	-203,918	-554,311	268,600	-203,047	-695,050	-252,287	-446,544	-388,330	-247,062	-195,793	-299,796	-229,199	-201,876	-146,011	-4,045,693	-199,546	-353,521	-233,690	-266,221	-824,451	-163,168	-145,388	-151,320	-115,510	-146,240	-23,563	-97,312	-88,376	-61,709	-98,663
Cash flows from financing activities:
Borrowings
570,779	5,859	6,152,691	15,233,836	17,133,464	18,260,471	13,546,148	14,821,233	13,306,898	12,831,139	12,631,266	12,726,540	12,803,015	12,889,188	12,967,350	13,036,399	13,098,553	13,170,596	13,226,406	14,791,219	13,353,767	13,419,216	13,482,549	16,957,280	16,179,463	16,344,214	16,496,316	16,648,057	16,797,510	16,256,070	9,774,701	8,582,801	8,634,603	8,889,054	8,336,471	8,186,455	10,983,125	10,072,739	5,046,861	4,812,658	4,877,000	4,842,950	4,810,323	6,494,779	2,619,540
Payments on long-term debt and other financing costs
104,942	36,038	7,038,594	16,755,142	16,776,267	18,411,530	13,272,095	14,354,123	13,202,225	12,567,828	12,675,697	12,754,431	12,839,156	12,914,916	13,004,831	13,077,632	13,118,741	13,266,887	13,255,081	14,094,791	13,382,203	13,458,503	13,799,677	16,543,694	16,244,613	16,397,930	16,629,239	16,835,019	16,861,197	13,464,031	8,567,493	8,596,502	8,658,001	8,916,932	8,149,151	8,200,727	11,000,635	9,127,748	5,068,442	5,036,271	4,902,041	4,867,157	4,824,716	6,506,212	2,630,739
Purchase of treasury stock
321,798	546,794	1,763,944	73,078	0	0	356,332	514,802	290,377	481,538	89,737	231,674	0	476,924	345,972	0	274,926	165,825	299,997	14,050	70,063	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92,272	29,207	0	32,016
Interest rate cap premiums and other deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-3	-	4,406	58	13,399	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests
58,131	75,953	61,456	51,484	44,230	56,768	45,667	48,539	45,467	46,004	49,388	72,759	43,316	47,329	50,919	43,744	50,409	48,697	46,898	37,541	41,499	44,196	39,325	32,671	33,147	39,590	34,530	30,280	34,926	31,526	31,500	24,073	26,405	33,245	20,985	24,236	22,187	22,479	23,811	18,643	18,658	20,860	16,993	16,328	13,567
Stock award exercises and other share issuances, net
2,397	4,049	5,226	590	1,517	4,774	5,671	1,947	1,185	5,471	7,618	4,833	3,330	5,028	9,050	6,298	3,167	6,353	15,122	-968	5,648	4,976	7,250	3,824	3,450	3,991	3,613	2,986	5,833	-1,748	3,550	3,182	1,663	1,430	2,476	4,000	3,410	14,344	5,303	13,040	21,073	37,599	13,618	7,589	9,102
Excess tax benefits from stock award exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,602	2,642	9,329	7,584	12,606	2,427	11,902	18,336	4,475	3,280	21,485	6,957	22,690	24,505	8,740	6,101	1,194	631	11,813	7,196	4,204	432	269	1,378	-1,165	524	6,812	779
Contributions from noncontrolling interests
9,387	13,222	12,814	12,334	18,947	9,132	11,610	19,560	12,009	23,396	11,284	21,883	17,989	12,066	22,407	2,927	10,190	26,432	10,172	2,142	15,898	26,572	9,818	14,640	13,625	6,955	9,909	5,875	14,257	18,027	8,784	6,933	3,651	6,231	8,289	2,531	3,959	4,145	1,957	1,795	1,613	1,954	4,613	2,044	4,460
Proceeds from sales of additional noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,557	-	-	-	-	0	2,844	172	761	2,212	180	1,729	4,174	-180	1,702	42	100	7,012	608	1,282	785	205	360	2,737	108	1,642	2,258	2,394	3,081
Purchases of noncontrolling interests
700	57,031	-52	2,560	8,480	8,094	6,765	11,023	2,200	3,925	0	633	799	11,785	3,487	1,940	4,300	-	-	-	-	-	-	-	-	-	-	-	-	12,987	3,974	5,428	4,372	4,499	540	7,894	756	8,812	0	3,095	2,307	191	1,964	3,280	1,424
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	188	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
96,992	-692,686	-2,693,211	-1,635,504	324,951	-202,015	-117,430	-83,362	-222,547	-236,425	-164,654	-306,241	-58,937	-544,005	-404,422	-70,457	-333,097	-252,849	-361,214	585,961	-110,868	-45,970	-355,657	298,773	-62,125	-78,768	-150,474	-186,357	-67,392	3,997,841	-58,490	-24,310	-42,657	-31,892	140,638	-317,427	-38,502	356,321	-86,007	-330,872	-21,834	-97,500	-41,544	-12,244	-40,784
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-14,978	2,418	-4,101	844	-921	2,440	-2,317	-10,141	6,668	-5,195	1,257	1,372	2,820	5,940	-2,108	-273	717	-727	-1,051	111	-904	711	2,149	-1,198	631	-68	-665	-353	119	-829	151	-119	11	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
279,770	-148,423	-2,325,269	2,578,201	264,976	-154,507	100,671	244,597	-53,468	-155,787	135,754	-756,603	559,067	8,373	-369,920	241,989	-457,689	451,697	113,684	-77,536	46,030	-561,794	106,062	312,904	161,820	-24,445	352,790	-81,767	165,923	151,554	108,749	-175,845	55,538	-147,454	-188,619	-276,185	145,893	325,552	-40,151	-181,193	216,450	-42,221	37,567	138,430	-5,198
Supplemental cash flow information:
Fixed assets under capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,594	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations
Net increase in cash, cash equivalents and restricted cash
0	0	0	-542,775	118,962	-29,772	40,664	212,067	17,834	-135,720	49,974	8,227	24,493	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing Operations
Net increase in cash, cash equivalents and restricted cash
279,770	-148,423	-2,325,269	3,120,976	146,014	-124,735	60,007	32,530	-71,302	-20,067	85,780	-764,830	534,574	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-