Earnings per share (Notes)

9 Months Ended

Sep. 30, 2023

Earnings per share

Basic earnings per share is calculated by dividing net income attributable to the Company by the weighted average number of common shares outstanding. Weighted average common shares outstanding include restricted stock unit awards that are no longer subject to forfeiture because the recipients have satisfied either the explicit vesting terms or retirement eligibility requirements.

Diluted earnings per share includes the dilutive effect of outstanding stock-settled stock appreciation rights and unvested stock units as computed under the treasury stock method.

The reconciliations of the numerators and denominators used to calculate basic and diluted earnings per share were as follows:


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022


Net income attributable to DaVita Inc.	$	246,632	$	105,366	$	540,870	$	492,297

Weighted average shares outstanding:
Basic shares	91,322		91,160		90,937		93,959
Assumed incremental from stock plans	2,719		2,103		2,380		3,194
Diluted shares	94,041		93,263		93,317		97,153



Basic net income per share attributable to DaVita Inc.	$	2.70	$	1.16	$	5.95	$	5.24



Diluted net income per share attributable to DaVita Inc.	$	2.62	$	1.13	$	5.80	$	5.07

Anti-dilutive stock-settled awards excluded from calculation(1)	271		1,260		615		878

(1)Shares associated with stock awards excluded from the diluted denominator calculation because they were anti-dilutive under the treasury stock method.