Earnings per share (Notes)

9 Months Ended

Sep. 30, 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 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,
	2021		2020		2021		2020
Net income attributable to DaVita Inc.:
Continuing operations	$	259,754	$	158,674	$	790,977	$	589,889
Discontinued operations	—		—		—		9,980
Net income attributable to DaVita Inc.	$	259,754	$	158,674	$	790,977	$	599,869

Weighted average shares outstanding:
Basic shares	104,793		120,905		106,685		122,582
Assumed incremental from stock plans	5,045		3,049		4,981		2,345
Diluted shares	109,838		123,954		111,666		124,927

Basic net income attributable to DaVita Inc.:
Continuing operations per share	$	2.48	$	1.31	$	7.41	$	4.81
Discontinued operations per share	—		—		—		0.08
Basic net income per share attributable to DaVita Inc.	$	2.48	$	1.31	$	7.41	$	4.89

Diluted net income attributable to DaVita Inc.:
Continuing operations per share	$	2.36	$	1.28	$	7.08	$	4.72
Discontinued operations per share	—		—		—		0.08
Diluted net income per share attributable to DaVita Inc.	$	2.36	$	1.28	$	7.08	$	4.80

Anti-dilutive stock-settled awards excluded from calculation(1)	141		2,765		103		3,063

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