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DaVita 3rd Quarter 2008 Results
Date:11/2/2008

and assumed in connection with such acquisition, and

-- the resolution of ongoing investigations by various federal and state governmental agencies.

We undertake no obligation to update or revise any forward-looking statements, whether as a result of changes in underlying factors, new information, future events or otherwise.

This release contains non-GAAP financial measures. For reconciliations of these non-GAAP financial measures to their most comparable measure calculated and presented in accordance with GAAP, see the attached reconciliation schedules.

DAVITA INC.

CONSOLIDATED STATEMENTS OF INCOME

(unaudited)

(dollars in thousands, except per share data)

Three months ended Nine months ended

September 30, September 30,

2008 2007 2008 2007

Net operating revenues $1,447,135 $1,318,381 $4,199,163 $3,909,282

Operating expenses and

charges:

Patient care costs 1,005,648 890,243 2,909,143 2,662,841

General and

administrative 128,617 120,596 374,581 356,249

Depreciation and

amortization 54,970 49,230 160,673 142,078

Provision for

uncollectible accounts 37,305 34,107 109,433 101,686

Minority interests and

equity income, net 12,711 11,793 35,168 34,757

Valuation gain on

alliance and product

supply agreement - - - (55,275)

Total operating

expenses and

charges 1,239,251 1,105,969 3,588,998 3,242,336

Operating income 207,884 212,412 610,165
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SOURCE DaVita Inc.
Copyright©2008 PR Newswire.
All rights reserved

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