Earnings Per Share

12 Months Ended

Dec. 31, 2021

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 their 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:


	Year ended December 31,
	2021		2020		2019
Net income (loss) attributable to DaVita Inc.:
Continuing operations	$	978,450	$	783,295	$	706,832
Discontinued operations	—		(9,653)		104,149
Net income attributable to DaVita Inc.	$	978,450	$	773,642	$	810,981

Weighted average shares outstanding:
Basic shares	105,230		119,797		153,181
Assumed incremental from stock plans	4,718		2,826		631
Diluted shares	109,948		122,623		153,812

Basic net income (loss) attributable to DaVita Inc.:
Continuing operations per share	$	9.30	$	6.54	$	4.61
Discontinued operations per share	—		(0.08)		0.68
Basic net income per share attributable to DaVita Inc.	$	9.30	$	6.46	$	5.29

Diluted net income (loss) attributable to DaVita Inc.:
Continuing operations per share	$	8.90	$	6.39	$	4.60
Discontinued operations per share	—		(0.08)		0.67
Diluted net income per share attributable to DaVita Inc.	$	8.90	$	6.31	$	5.27

Anti-dilutive stock-settled awards excluded from calculation(1)	116		2,301		5,936

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