XML 56 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Patient service revenues $ 2,242,533 $ 2,126,699 $ 6,543,880 $ 6,155,223
Less: Provision for uncollectible accounts (98,971) (74,477) (270,220) (216,725)
Net patient service revenues 2,143,562 2,052,222 6,273,660 5,938,498
Capitated revenues 848,546 747,264 2,435,480 2,219,953
Other revenues 259,716 200,100 757,949 542,390
Total net revenues 3,251,824 2,999,586 9,467,089 8,700,841
Operating expenses and charges:        
Patient care costs and other costs 2,326,534 2,095,334 6,752,844 6,070,545
General and administrative 322,822 305,138 905,519 857,658
Depreciation and amortization 149,196 132,765 437,682 389,263
Provision for uncollectible accounts 3,961 1,498 9,680 3,636
Equity investment income (5,225) (9,223) (18,692) (26,239)
Loss contingency reserve 17,000 97,000 17,000 397,000
Contingent earn-out obligation adjustment       (56,977)
Total operating expenses and charges 2,814,288 2,622,512 8,104,033 7,634,886
Operating income 437,536 377,074 1,363,056 1,065,955
Debt expense (99,878) (108,421) (312,345) (322,334)
Debt refinancing charges     (97,548)  
Other (loss) income, net (1,246) 2,113 2,145 1,337
Consolidated income from continuing operations before income taxes 336,412 270,766 955,308 744,958
Income tax expense (benefit) 116,628 100,930 342,366 245,266
Income from continuing operations 219,784 169,836 612,942 499,692
Discontinued operations:        
Loss from operations of discontinued operations, net of tax       (139)
Gain on disposal of discontinued operations, net of tax       13,375
Net income 219,784 169,836 612,942 512,928
Less: Net income attributable to noncontrolling interests (35,662) (33,208) (97,848) (91,760)
Net income 184,122 136,628 515,094 421,168
Earnings per share:        
Basic income from continuing operations per share attributable to DaVita HealthCare Partners Inc. $ 0.87 $ 0.65 $ 2.43 $ 1.95
Basic net income per share attributable to DaVita HealthCare Partners Inc. $ 0.87 $ 0.65 $ 2.43 $ 2.01
Diluted income from continuing operations per share attributable to DaVita HealthCare Partners Inc. $ 0.85 $ 0.64 $ 2.38 $ 1.90
Diluted net income per share attributable to DaVita HealthCare Partners Inc. $ 0.85 $ 0.64 $ 2.38 $ 1.96
Weighted average shares for earnings per share:        
Basic 212,617,238 210,394,560 212,086,735 209,725,439
Diluted 217,236,493 214,902,860 216,695,033 214,631,587
Amounts attributable to DaVita HealthCare Partners Inc.:        
Income from continuing operations 184,122 136,628 515,094 407,919
Discontinued operations       13,249
Net income $ 184,122 $ 136,628 $ 515,094 $ 421,168