Supplemental data (Tables) | 12 Months Ended |
Dec. 31, 2014 |
Condensed Financial Statements, Captions [Line Items] | |
Consolidating Statements of Income | Consolidating Statements of Income |
|
| | DaVita | | | Guarantor | | | Non- | | | Consolidating | | | Consolidated | |
HealthCare | Subsidiaries | Guarantor | Adjustments | Total |
Partners Inc. | | Subsidiaries | | |
For the year ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | |
Patient services revenues | | $ | — | | | $ | 6,246,683 | | | $ | 2,739,996 | | | $ | (118,341 | ) | | $ | 8,868,338 | |
Less: Provision for uncollectible accounts | | | — | | | | (238,600 | ) | | | (128,284 | ) | | | — | | | | (366,884 | ) |
Net patient service revenues | | | — | | | | 6,008,083 | | | | 2,611,712 | | | | (118,341 | ) | | | 8,501,454 | |
Capitated revenues | | | — | | | | 1,689,634 | | | | 1,579,804 | | | | (8,150 | ) | | | 3,261,288 | |
Other revenues | | | 684,066 | | | | 1,639,828 | | | | 24,155 | | | | (1,315,685 | ) | | | 1,032,364 | |
Total net revenues | | | 684,066 | | | | 9,337,545 | | | | 4,215,671 | | | | (1,442,176 | ) | | | 12,795,106 | |
Operating expenses and charges | | | 443,951 | | | | 8,276,991 | | | | 3,701,199 | | | | (1,442,176 | ) | | | 10,979,965 | |
Operating income | | | 240,115 | | | | 1,060,554 | | | | 514,472 | | | | — | | | | 1,815,141 | |
Debt (expense) and refinancing charges | | | (502,762 | ) | | | (363,623 | ) | | | (43,449 | ) | | | 401,992 | | | | (507,842 | ) |
Other income, net | | | 385,532 | | | | 11,731 | | | | 7,103 | | | | (401,992 | ) | | | 2,374 | |
Income tax expense | | | 46,856 | | | | 397,268 | | | | 2,219 | | | | — | | | | 446,343 | |
Equity earnings in subsidiaries | | | 647,085 | | | | 335,691 | | | | — | | | | (982,776 | ) | | | — | |
Net income | | | 723,114 | | | | 647,085 | | | | 475,907 | | | | (982,776 | ) | | | 863,330 | |
Less: Net income attributable to noncontrolling interests | | | — | | | | — | | | | — | | | | (140,216 | ) | | | (140,216 | ) |
Net income attributable to DaVita HealthCare Partners Inc. | | $ | 723,114 | | | $ | 647,085 | | | $ | 475,907 | | | $ | (1,122,992 | ) | | $ | 723,114 | |
|
Consolidating Statements of Income |
|
| | DaVita | | | Guarantor | | | Non- | | | Consolidating | | | Consolidated | |
HealthCare | Subsidiaries | Guarantor | Adjustments | Total |
Partners Inc. | | Subsidiaries | | |
For the year ended December 31, 2013 | | | | | | | | | | | | | | | | | | | | |
Patient services revenues | | $ | — | | | $ | 5,989,658 | | | $ | 2,420,975 | | | $ | (103,438 | ) | | $ | 8,307,195 | |
Less: Provision for uncollectible accounts | | | — | | | | (177,415 | ) | | | (116,131 | ) | | | — | | | | (293,546 | ) |
Net patient service revenues | | | — | | | | 5,812,243 | | | | 2,304,844 | | | | (103,438 | ) | | | 8,013,649 | |
Capitated revenues | | | — | | | | 1,427,321 | | | | 1,560,244 | | | | (250 | ) | | | 2,987,315 | |
Other revenues | | | 616,155 | | | | 1,534,310 | | | | 17,867 | | | | (1,405,246 | ) | | | 763,086 | |
Total net revenues | | | 616,155 | | | | 8,773,874 | | | | 3,882,955 | | | | (1,508,934 | ) | | | 11,764,050 | |
Operating expenses and charges | | | 434,776 | | | | 7,843,476 | | | | 3,444,598 | | | | (1,508,934 | ) | | | 10,213,916 | |
Operating income | | | 181,379 | | | | 930,398 | | | | 438,357 | | | | — | | | | 1,550,134 | |
Debt (expense) | | | (427,141 | ) | | | (366,188 | ) | | | (39,413 | ) | | | 402,799 | | | | (429,943 | ) |
Other income, net | | | 402,910 | | | | 1,903 | | | | 2,773 | | | | (402,799 | ) | | | 4,787 | |
Income tax expense | | | 59,716 | | | | 303,603 | | | | 17,694 | | | | — | | | | 381,013 | |
Equity earnings in subsidiaries | | | 536,014 | | | | 260,268 | | | | — | | | | (796,282 | ) | | | — | |
Income from continuing operations | | | 633,446 | | | | 522,778 | | | | 384,023 | | | | (796,282 | ) | | | 743,965 | |
Discontinued operations net of gain on disposal | | | — | | | | — | | | | 13,236 | | | | — | | | | 13,236 | |
of discontinued operations |
Net income | | | 633,446 | | | | 522,778 | | | | 397,259 | | | | (796,282 | ) | | | 757,201 | |
Less: Net income attributable to noncontrolling interests | | | — | | | | — | | | | — | | | | (123,755 | ) | | | (123,755 | ) |
Net income attributable to DaVita HealthCare Partners Inc. | | $ | 633,446 | | | $ | 522,778 | | | $ | 397,259 | | | $ | (920,037 | ) | | $ | 633,446 | |
For the year ended December 31, 2012 | | | | | | | | | | | | | | | | | | | | |
Patient services revenues | | $ | — | | | $ | 5,417,800 | | | $ | 2,005,424 | | | $ | (71,322 | ) | | $ | 7,351,902 | |
Less: Provision for uncollectible accounts | | | — | | | | (124,592 | ) | | | (110,626 | ) | | | — | | | | (235,218 | ) |
Net patient service revenues | | | — | | | | 5,293,208 | | | | 1,894,798 | | | | (71,322 | ) | | | 7,116,684 | |
Capitated revenues | | | — | | | | 232,744 | | | | 248,592 | | | | — | | | | 481,336 | |
Other revenues | | | 514,190 | | | | 745,920 | | | | 10,190 | | | | (682,040 | ) | | | 588,260 | |
Total net revenues | | | 514,190 | | | | 6,271,872 | | | | 2,153,580 | | | | (753,362 | ) | | | 8,186,280 | |
Operating expenses and charges | | | 365,680 | | | | 5,479,531 | | | | 1,797,347 | | | | (753,362 | ) | | | 6,889,196 | |
Operating income | | | 148,510 | | | | 792,341 | | | | 356,233 | | | | — | | | | 1,297,084 | |
Debt (expense) and refinancing charges | | | (331,944 | ) | | | (207,499 | ) | | | (27,193 | ) | | | 267,119 | | | | (299,517 | ) |
Other income, net | | | 265,508 | | | | 4,305 | | | | 1,043 | | | | (267,119 | ) | | | 3,737 | |
Income tax expense | | | 32,912 | | | | 320,267 | | | | 6,666 | | | | — | | | | 359,845 | |
Equity earnings in subsidiaries | | | 486,855 | | | | 218,197 | | | | — | | | | (705,052 | ) | | | — | |
Income from continuing operations | | | 536,017 | | | | 487,077 | | | | 323,417 | | | | (705,052 | ) | | | 641,459 | |
Discontinued operations | | | — | | | | — | | | | (222 | ) | | | — | | | | (222 | ) |
Net income | | | 536,017 | | | | 487,077 | | | | 323,195 | | | | (705,052 | ) | | | 641,237 | |
Less: Net income attributable to noncontrolling interests | | | — | | | | — | | | | — | | | | (105,220 | ) | | | (105,220 | ) |
Net income attributable to DaVita HealthCare Partners Inc. | | $ | 536,017 | | | $ | 487,077 | | | $ | 323,195 | | | $ | (810,272 | ) | | $ | 536,017 | |
|
Consolidating Statements of Comprehensive Income | Consolidating Statements of Comprehensive Income |
|
| | DaVita | | | Guarantor | | | Non- | | | Consolidating | | | Consolidated | |
HealthCare | Subsidiaries | Guarantor | Adjustments | Total |
Partners Inc. | | Subsidiaries | | |
For the year ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | |
Net income | | $ | 723,114 | | | $ | 647,085 | | | $ | 475,907 | | | $ | (982,776 | ) | | $ | 863,330 | |
Other comprehensive income (losses) | | | 580 | | | | — | | | | (22,952 | ) | | | — | | | | (22,372 | ) |
Total comprehensive income | | | 723,694 | | | | 647,085 | | | | 452,955 | | | | (982,776 | ) | | | 840,958 | |
Less: Comprehensive income attributable to | | | — | | | | — | | | | — | | | | (140,216 | ) | | | (140,216 | ) |
noncontrolling interest |
Comprehensive income attributable to DaVita HealthCare | | $ | 723,694 | | | $ | 647,085 | | | $ | 452,955 | | | $ | (1,122,992 | ) | | $ | 700,742 | |
Partners Inc. |
For the year ended December 31, 2013 | | | | | | | | | | | | | | | | | | | | |
Net income | | $ | 633,446 | | | $ | 522,778 | | | $ | 397,259 | | | $ | (796,282 | ) | | $ | 757,201 | |
Other comprehensive income (losses) | | | 14,868 | | | | — | | | | (2,216 | ) | | | — | | | | 12,652 | |
Total comprehensive income | | | 648,314 | | | | 522,778 | | | | 395,043 | | | | (796,282 | ) | | | 769,853 | |
Less: Comprehensive income attributable to | | | — | | | | — | | | | — | | | | (123,755 | ) | | | (123,755 | ) |
noncontrolling interest |
Comprehensive income attributable to DaVita HealthCare | | $ | 648,314 | | | $ | 522,778 | | | $ | 395,043 | | | $ | (920,037 | ) | | $ | 646,098 | |
Partners Inc. |
For the year ended December 31, 2012 | | | | | | | | | | | | | | | | | | | | |
Net income | | $ | 536,017 | | | $ | 487,077 | | | $ | 323,195 | | | $ | (705,052 | ) | | $ | 641,237 | |
Other comprehensive income (losses) | | | 5,392 | | | | — | | | | (1,205 | ) | | | — | | | | 4,187 | |
Total comprehensive income | | | 541,409 | | | | 487,077 | | | | 321,990 | | | | (705,052 | ) | | | 645,424 | |
Less: Comprehensive income attributable to | | | — | | | | — | | | | — | | | | (105,220 | ) | | | (105,220 | ) |
noncontrolling interest |
Comprehensive income attributable to DaVita HealthCare | | $ | 541,409 | | | $ | 487,077 | | | $ | 321,990 | | | $ | (810,272 | ) | | $ | 540,204 | |
Partners Inc. |
|
Consolidating Balance Sheets | Consolidating Balance Sheets |
|
| | DaVita | | | Guarantor | | | Non- | | | Consolidating | | | Consolidated | |
HealthCare | Subsidiaries | Guarantor | Adjustments | Total |
Partners Inc. | | Subsidiaries | | |
As of December 31, 2014 | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 698,876 | | | $ | 77,921 | | | $ | 188,444 | | | $ | — | | | $ | 965,241 | |
Accounts receivable, net | | | — | | | | 915,851 | | | | 609,998 | | | | — | | | | 1,525,849 | |
Other current assets | | | 362,672 | | | | 930,093 | | | | 92,942 | | | | — | | | | 1,385,707 | |
Total current assets | | | 1,061,548 | | | | 1,923,865 | | | | 891,384 | | | | — | | | | 3,876,797 | |
Property and equipment, net | | | 195,690 | | | | 1,473,188 | | | | 800,221 | | | | — | | | | 2,469,099 | |
Intangible assets, net | | | 85,338 | | | | 1,811,218 | | | | 52,942 | | | | — | | | | 1,949,498 | |
Investments in subsidiaries | | | 8,868,335 | | | | 1,561,195 | | | | — | | | | (10,429,530 | ) | | | — | |
Intercompany receivables | | | 3,723,454 | | | | — | | | | 564,241 | | | | (4,287,695 | ) | | | — | |
Other long-term assets and investments | | | 70,309 | | | | 60,385 | | | | 101,332 | | | | — | | | | 232,026 | |
Goodwill | | | — | | | | 7,958,221 | | | | 1,457,074 | | | | — | | | | 9,415,295 | |
Total assets | | $ | 14,004,674 | | | $ | 14,788,072 | | | $ | 3,867,194 | | | $ | (14,717,225 | ) | | $ | 17,942,715 | |
Current liabilities | | $ | 180,977 | | | $ | 1,493,243 | | | $ | 414,432 | | | $ | — | | | $ | 2,088,652 | |
Intercompany payables | | | — | | | | 3,105,173 | | | | 1,182,522 | | | | (4,287,695 | ) | | | — | |
Long-term debt and other long-term liabilities | | | 8,124,863 | | | | 1,321,321 | | | | 217,603 | | | | — | | | | 9,663,787 | |
Noncontrolling interests subject to put provisions | | | 528,321 | | | | — | | | | — | | | | 301,644 | | | | 829,965 | |
Total DaVita HealthCare Partners Inc. | | | 5,170,513 | | | | 8,868,335 | | | | 1,561,195 | | | | (10,429,530 | ) | | | 5,170,513 | |
shareholders’' equity |
Noncontrolling interests not subject to put provisions | | | — | | | | — | | | | 491,442 | | | | (301,644 | ) | | | 189,798 | |
Total equity | | | 5,170,513 | | | | 8,868,335 | | | | 2,052,637 | | | | (10,731,174 | ) | | | 5,360,311 | |
Total liabilities and equity | | $ | 14,004,674 | | | $ | 14,788,072 | | | $ | 3,867,194 | | | $ | (14,717,225 | ) | | $ | 17,942,715 | |
As of December 31, 2013 | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 602,188 | | | $ | 175,004 | | | $ | 169,057 | | | $ | — | | | $ | 946,249 | |
Accounts receivable, net | | | — | | | | 939,543 | | | | 545,620 | | | | — | | | | 1,485,163 | |
Other current assets | | | 27,910 | | | | 904,852 | | | | 108,104 | | | | — | | | | 1,040,866 | |
Total current assets | | | 630,098 | | | | 2,019,399 | | | | 822,781 | | | | — | | | | 3,472,278 | |
Property and equipment, net | | | 177,633 | | | | 1,378,017 | | | | 633,761 | | | | — | | | | 2,189,411 | |
Intangible assets, net | | | 77,531 | | | | 1,882,685 | | | | 64,157 | | | | — | | | | 2,024,373 | |
Investments in subsidiaries | | | 8,231,059 | | | | 1,391,655 | | | | — | | | | (9,622,714 | ) | | | — | |
Intercompany receivables | | | 3,983,214 | | | | — | | | | 480,993 | | | | (4,464,207 | ) | | | — | |
Other long-term assets and investments | | | 61,391 | | | | 70,728 | | | | 67,722 | | | | — | | | | 199,841 | |
Goodwill | | — | | | | 7,850,910 | | | | 1,362,064 | | | | — | | | | 9,212,974 | |
Total assets | | $ | 13,160,926 | | | $ | 14,593,394 | | | $ | 3,431,478 | | | $ | (14,086,921 | ) | | $ | 17,098,877 | |
Current liabilities | | $ | 328,875 | | | $ | 1,776,419 | | | $ | 356,755 | | | $ | — | | | $ | 2,462,049 | |
Intercompany payables | | | — | | | | 3,426,433 | | | | 1,037,774 | | | | (4,464,207 | ) | | | — | |
Long-term debt and other long-term liabilities | | | 7,948,390 | | | | 1,159,483 | | | | 226,114 | | | | — | | | | 9,333,987 | |
Noncontrolling interests subject to put provisions | | | 451,182 | | | | — | | | | — | | | | 246,118 | | | | 697,300 | |
Total DaVita HealthCare Partners Inc. | | | 4,432,479 | | | | 8,231,059 | | | | 1,391,655 | | | | (9,622,714 | ) | | | 4,432,479 | |
shareholders’' equity |
Noncontrolling interests not subject to put provisions | | | — | | | | — | | | | 419,180 | | | | (246,118 | ) | | | 173,062 | |
Total equity | | | 4,432,479 | | | | 8,231,059 | | | | 1,810,835 | | | | (9,868,832 | ) | | | 4,605,541 | |
Total liabilities and equity | | $ | 13,160,926 | | | $ | 14,593,394 | | | $ | 3,431,478 | | | $ | (14,086,921 | ) | | $ | 17,098,877 | |
|
|
Consolidating Statements of Cash Flows | Consolidating Statements of Cash Flows |
|
| | DaVita | | | Guarantor | | | Non-Guarantor | | | Consolidating | | | Consolidated | |
HealthCare | Subsidiaries | Subsidiaries | Adjustments | Total |
Partners Inc. | | | | |
For the year ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | |
Cash flows from operating activities: | | | | | | | | | | | | | | | | | | | | |
Net income. | | $ | 723,114 | | | $ | 647,085 | | | $ | 475,907 | | | $ | (982,776 | ) | | $ | 863,330 | |
Changes in operating assets and liabilities and non cash | | | (597,992 | ) | | | 120,772 | | | | 90,521 | | | | 982,776 | | | | 596,077 | |
items included in net income |
Net cash provided by operating activities | | | 125,122 | | | | 767,857 | | | | 566,428 | | | | — | | | | 1,459,407 | |
Cash flows from investing activities: | | | | | | | | | | | | | | | | | | | | |
Additions of property and equipment, net | | | (51,374 | ) | | | (312,191 | ) | | | (277,765 | ) | | | — | | | | (641,330 | ) |
Acquisitions | | | — | | | | (228,569 | ) | | | (43,525 | ) | | | — | | | | (272,094 | ) |
Proceeds from asset sales | | | — | | | | 8,791 | | | | — | | | | — | | | | 8,791 | |
Purchase of investments and other items | | | (333,803 | ) | | | (316 | ) | | | (38,977 | ) | | | — | | | | (373,096 | ) |
Net cash (used in) provided by investing activities | | | (385,177 | ) | | | (532,285 | ) | | | (360,267 | ) | | | — | | | | (1,277,729 | ) |
Cash flows from financing activities: | | | | | | | | | | | | | | | | | | | | |
Long-term debt and related financing costs, net | | | 4,513 | | | | (12,545 | ) | | | 43 | | | | — | | | | (7,989 | ) |
Intercompany borrowing | | | 410,437 | | | | (306,011 | ) | | | (104,426 | ) | | | — | | | | — | |
Other items | | | (58,207 | ) | | | (14,099 | ) | | | (84,684 | ) | | | — | | | | (156,990 | ) |
Net cash provided by (used in) financing activities | | | 356,743 | | | | (332,655 | ) | | | (189,067 | ) | | | — | | | | (164,979 | ) |
Effect of exchange rate changes on cash | | | — | | | | — | | | | 2,293 | | | | — | | | | 2,293 | |
Net increase (decrease) in cash and cash equivalents | | | 96,688 | | | | (97,083 | ) | | | 19,387 | | | | — | | | | 18,992 | |
Cash and cash equivalents at beginning of the year | | | 602,188 | | | | 175,004 | | | | 169,057 | | | | — | | | | 946,249 | |
Cash and cash equivalents at the end of the year | | $ | 698,876 | | | $ | 77,921 | | | $ | 188,444 | | | $ | — | | | $ | 965,241 | |
For the year ended December 31, 2013 | | | | | | | | | | | | | | | | | | | | |
Cash flows from operating activities: | | | | | | | | | | | | | | | | | | | | |
Net income. | | $ | 633,446 | | | $ | 522,778 | | | $ | 397,259 | | | $ | (796,282 | ) | | $ | 757,201 | |
Changes in operating assets and liabilities and non cash | | | (443,071 | ) | | | 652,374 | | | | 10,555 | | | | 796,282 | | | | 1,016,140 | |
items included in net income |
Net cash provided by operating activities | | | 190,375 | | | | 1,175,152 | | | | 407,814 | | | | — | | | | 1,773,341 | |
Cash flows from investing activities: | | | | | | | | | | | | | | | | | | | | |
Additions of property and equipment, net | | | (55,252 | ) | | | (337,042 | ) | | | (225,303 | ) | | | — | | | | (617,597 | ) |
Acquisitions | | | — | | | | (156,830 | ) | | | (153,564 | ) | | | — | | | | (310,394 | ) |
Proceeds from asset sales | | | 60,650 | | | | 1,608 | | | | — | | | | — | | | | 62,258 | |
Purchase of investments and other items | | | (4,944 | ) | | | (3,502 | ) | | | (2,703 | ) | | | — | | | | (11,149 | ) |
Net cash provided by (used in) by investing activities | | | 454 | | | | (495,766 | ) | | | (381,570 | ) | | | — | | | | (876,882 | ) |
Cash flows from financing activities: | | | | | | | | | | | | | | | | | | | | |
Long-term debt and related financing costs, net | | | (421,739 | ) | | | (11,061 | ) | | | (5,207 | ) | | | — | | | | (438,007 | ) |
Intercompany borrowing | | | 585,441 | | | | (664,154 | ) | | | 78,713 | | | | — | | | | — | |
Other items | | | 52,620 | | | | 4,726 | | | | (102,330 | ) | | | — | | | | (44,984 | ) |
Net cash provided by (used in) financing activities | | | 216,322 | | | | (670,489 | ) | | | (28,824 | ) | | | — | | | | (482,991 | ) |
Effect of exchange rate changes on cash | | | — | | | | — | | | | (967 | ) | | | — | | | | (967 | ) |
Net increase (decrease) in cash and cash equivalents | | | 407,151 | | | | 8,897 | | | | (3,547 | ) | | | — | | | | 412,501 | |
Cash and cash equivalents at beginning of the year | | | 195,037 | | | | 166,107 | | | | 172,604 | | | | — | | | | 533,748 | |
Cash and cash equivalents at the end of the year | | $ | 602,188 | | | $ | 175,004 | | | $ | 169,057 | | | $ | — | | | $ | 946,249 | |
|
|
|
Consolidating Statements of Cash Flows |
|
| | DaVita | | | Guarantor | | | Non-Guarantor | | | Consolidating | | | Consolidated | |
HealthCare | Subsidiaries | Subsidiaries | Adjustments | Total |
Partners Inc. | | | | |
For the year ended December 31, 2012 | | | | | | | | | | | | | | | | | | | | |
Cash flows from operating activities: | | | | | | | | | | | | | | | | | | | | |
Net income. | | $ | 536,017 | | | $ | 487,077 | | | $ | 323,195 | | | $ | (705,052 | ) | | $ | 641,237 | |
Changes in operating assets and liabilities and non cash | | | (383,619 | ) | | | 15,693 | | | | 122,485 | | | | 705,052 | | | | 459,611 | |
items included in net income |
Net cash provided by operating activities | | | 152,398 | | | | 502,770 | | | | 445,680 | | | | — | | | | 1,100,848 | |
Cash flows from investing activities: | | | | | | | | | | | | | | | | | | | | |
Additions of property and equipment, net | | | (72,125 | ) | | | (305,885 | ) | | | (172,136 | ) | | | — | | | | (550,146 | ) |
Acquisitions | | | (3,645,760 | ) | | | (564,499 | ) | | | (83,818 | ) | | | — | | | | (4,294,077 | ) |
Proceeds from asset sales | | | — | | | | 3,559 | | | | — | | | | — | | | | 3,559 | |
Proceeds from investment sales and other items | | | 2,841 | | | | (1,761 | ) | | | 7,134 | | | | — | | | | 8,214 | |
Net cash used in by investing activities | | | (3,715,044 | ) | | | (868,586 | ) | | | (248,820 | ) | | | — | | | | (4,832,450 | ) |
Cash flows from financing activities: | | | | | | | | | | | | | | | | | | | | |
Long-term debt and related financing costs, net | | | 3,909,760 | | | | (23,805 | ) | | | 18,938 | | | | — | | | | 3,904,893 | |
Intercompany borrowing | | | (586,050 | ) | | | 580,825 | | | | 5,225 | | | — | | | | — | |
Other items | | | 68,697 | | | | (25,097 | ) | | | (76,109 | ) | | | — | | | | (32,509 | ) |
Net cash provided by (used in) financing activities | | | 3,392,407 | | | | 531,923 | | | | (51,946 | ) | | | — | | | | 3,872,384 | |
Effect of exchange rate changes on cash | | | — | | | | — | | | | (786 | ) | | | — | | | | (786 | ) |
Net (decrease) increase in cash and cash equivalents | | | (170,239 | ) | | | 166,107 | | | | 144,128 | | | | — | | | | 139,996 | |
Cash and cash equivalents at beginning of the year | | | 365,276 | | | | — | | | | 28,476 | | | | — | | | | 393,752 | |
Cash and cash equivalents at the end of the year | | $ | 195,037 | | | $ | 166,107 | | | $ | 172,604 | | | $ | — | | | $ | 533,748 | |
|
Additional Reporting Entities | |
Condensed Financial Statements, Captions [Line Items] | |
Consolidating Statements of Income | Condensed Consolidating Statements of Income |
|
| | Consolidated Total | | | Physician Groups | | | Unrestricted Subsidiaries | | | Company and Restricted Subsidiaries(1) | | | | | |
For the year ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | |
Patient services revenues | | $ | 8,868,338 | | | $ | 121,929 | | | $ | — | | | $ | 8,746,409 | | | | | |
Less: Provision for uncollectible accounts | | | (366,884 | ) | | | (8,534 | ) | | | — | | | | (358,350 | ) | | | | |
Net patient service revenues | | | 8,501,454 | | | | 113,395 | | | | — | | | | 8,388,059 | | | | | |
Capitated revenues | | | 3,261,288 | | | | 1,511,000 | | | | — | | | | 1,750,288 | | | | | |
Other revenues | | | 1,032,364 | | | | 6,630 | | | | — | | | | 1,025,734 | | | | | |
Total net revenues | | | 12,795,106 | | | | 1,631,025 | | | | — | | | | 11,164,081 | | | | | |
Operating expenses and charges | | | 10,979,965 | | | | 1,601,027 | | | | 514 | | | | 9,378,424 | | | | | |
Operating income | | | 1,815,141 | | | | 29,998 | | | | (514 | ) | | | 1,785,657 | | | | | |
Debt (expense) and refinancing charges | | | (507,842 | ) | | | (11,113 | ) | | | — | | | | (496,729 | ) | | | | |
Other income, net | | | 2,374 | | | | 238 | | | | — | | | | 2,136 | | | | | |
Income tax expense | | | 446,343 | | | | 1,866 | | | | (206 | ) | | | 444,683 | | | | | |
Net income | | | 863,330 | | | | 17,257 | | | | (308 | ) | | | 846,381 | | | | | |
Less: Net income attributable to noncontrolling interests | | | (140,216 | ) | | | — | | | | — | | | | (140,216 | ) | | | | |
Net income attributable to DaVita HealthCare Partners Inc. | | $ | 723,114 | | | $ | 17,257 | | | $ | (308 | ) | | $ | 706,165 | | | | | |
|
| | Consolidated Total | | | Physician Groups | | | Unrestricted Subsidiaries | | | Company and Restricted Subsidiaries(1) | | | | | |
For the year ended December 31, 2013 | | | | | | | | | | | | | | | | | | | | |
Patient services revenues | | $ | 8,307,195 | | | $ | 122,873 | | | $ | — | | | $ | 8,184,322 | | | | | |
Less: Provision for uncollectible accounts | | | (293,546 | ) | | | (6,602 | ) | | | — | | | | (286,944 | ) | | | | |
Net patient service revenues | | | 8,013,649 | | | | 116,271 | | | | — | | | | 7,897,378 | | | | | |
Capitated revenues | | | 2,987,315 | | | | 1,560,244 | | | | — | | | | 1,427,071 | | | | | |
Other revenues | | | 763,086 | | | | 5,239 | | | | — | | | | 757,847 | | | | | |
Total net revenues | | | 11,764,050 | | | | 1,681,754 | | | | — | | | | 10,082,296 | | | | | |
Operating expenses and charges | | | 10,213,916 | | | | 1,659,151 | | | | 457 | | | | 8,554,308 | | | | | |
Operating income | | | 1,550,134 | | | | 22,603 | | | | (457 | ) | | | 1,527,988 | | | | | |
Debt (expense) | | | (429,943 | ) | | | (14,605 | ) | | | — | | | | (415,338 | ) | | | | |
Other income, net | | | 4,787 | | | | 6 | | | | — | | | | 4,781 | | | | | |
Income tax expense | | | 381,013 | | | | 3,523 | | | | (183 | ) | | | 377,673 | | | | | |
Income from continuing operations | | | 743,965 | | | | 4,481 | | | | (274 | ) | | | 739,758 | | | | | |
Discontinued operations net of gain on disposal of discontinued | | | 13,236 | | | | — | | | | — | | | | 13,236 | | | | | |
operations | | | | |
Net income | | | 757,201 | | | | 4,481 | | | | (274 | ) | | | 752,994 | | | | | |
Less: Net income attributable to noncontrolling interests | | | (123,755 | ) | | | — | | | | — | | | | (123,755 | ) | | | | |
Net income attributable to DaVita HealthCare Partners Inc. | | $ | 633,446 | | | $ | 4,481 | | | $ | (274 | ) | | $ | 629,239 | | | | | |
For the year ended December 31, 2012 | | | | | | | | | | | | | | | | | | | | |
Patient services revenues | | $ | 7,351,902 | | | $ | 20,052 | | | $ | — | | | $ | 7,331,850 | | | | | |
Less: Provision for uncollectible accounts | | | (235,218 | ) | | | (686 | ) | | | — | | | | (234,532 | ) | | | | |
Net patient service revenues | | | 7,116,684 | | | | 19,366 | | | | — | | | | 7,097,318 | | | | | |
Capitated revenues | | | 481,336 | | | | 248,592 | | | | — | | | | 232,744 | | | | | |
Other revenues | | | 588,260 | | | | 487 | | | | — | | | | 587,773 | | | | | |
Total net revenues | | | 8,186,280 | | | | 268,445 | | | | — | | | | 7,917,835 | | | | | |
Operating expenses and charges | | | 6,889,196 | | | | 268,205 | | | | (1,372 | ) | | | 6,622,363 | | | | | |
Operating income | | | 1,297,084 | | | | 240 | | | | 1,372 | | | | 1,295,472 | | | | | |
Debt (expense) and refinancing charges | | | (299,517 | ) | | | (1,386 | ) | | | — | | | | (298,131 | ) | | | | |
Other income, net | | | 3,737 | | | | 54 | | | | — | | | | 3,683 | | | | | |
Income tax expense | | | 359,845 | | | | — | | | | 549 | | | | 359,296 | | | | | |
Income from continuing operations | | | 641,459 | | | | (1,092 | ) | | | 823 | | | | 641,728 | | | | | |
Discontinued operations | | | (222 | ) | | | — | | | | — | | | | (222 | ) | | | | |
Net income | | | 641,237 | | | | (1,092 | ) | | | 823 | | | | 641,506 | | | | | |
Less: Net income attributable to noncontrolling interests | | | (105,220 | ) | | | — | | | | — | | | | (105,220 | ) | | | | |
Net income attributable to DaVita HealthCare Partners Inc. | | $ | 536,017 | | | $ | (1,092 | ) | | $ | 823 | | | $ | 536,286 | | | | | |
|
|
Consolidating Statements of Comprehensive Income | Condensed Consolidating Statements of Comprehensive Income |
|
| | Consolidated Total | | | Physician Groups | | | Unrestricted Subsidiaries | | | Company and Restricted Subsidiaries(1) | | | | | |
For the year ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | |
Net income (losses) | | $ | 863,330 | | | $ | 17,257 | | | $ | (308 | ) | | $ | 846,381 | | | | | |
Other comprehensive losses | | | (22,372 | ) | | | — | | | | — | | | | (22,372 | ) | | | | |
Total comprehensive income (losses) | | | 840,958 | | | | 17,257 | | | | (308 | ) | | | 824,009 | | | | | |
Less: Comprehensive income attributable to noncontrolling | | | (140,216 | ) | | | — | | | | — | | | | (140,216 | ) | | | | |
interest | | | | |
Comprehensive income (losses) attributable to DaVita | | $ | 700,742 | | | $ | 17,257 | | | $ | (308 | ) | | $ | 683,793 | | | | | |
HealthCare Partners Inc. | | | | |
For the year ended December 31, 2013 | | | | | | | | | | | | | | | | | | | | |
Net income (losses) | | $ | 757,201 | | | $ | 4,481 | | | $ | (274 | ) | | $ | 752,994 | | | | | |
Other comprehensive income | | | 12,652 | | | | — | | | | — | | | | 12,652 | | | | | |
Total comprehensive income (losses) | | | 769,853 | | | | 4,481 | | | | (274 | ) | | | 765,646 | | | | | |
Less: Comprehensive income attributable to noncontrolling | | | (123,755 | ) | | | — | | | | — | | | | (123,755 | ) | | | | |
interest | | | | |
Comprehensive income (losses) attributable to DaVita | | $ | 646,098 | | | $ | 4,481 | | | $ | (274 | ) | | $ | 641,891 | | | | | |
HealthCare Partners Inc. | | | | |
For the year ended December 31, 2012 | | | | | | | | | | | | | | | | | | | | |
Net income (losses) | | $ | 641,237 | | | $ | (1,092 | ) | | $ | 823 | | | $ | 641,506 | | | | | |
Other comprehensive income | | | 4,187 | | | | — | | | | — | | | | 4,187 | | | | | |
Total comprehensive income (losses) | | | 645,424 | | | | (1,092 | ) | | | 823 | | | | 645,693 | | | | | |
Less: Comprehensive income attributable to noncontrolling | | | (105,220 | ) | | | — | | | | — | | | | (105,220 | ) | | | | |
interest | | | | |
Comprehensive income (losses) attributable to DaVita | | $ | 540,204 | | | $ | (1,092 | ) | | $ | 823 | | | $ | 540,473 | | | | | |
HealthCare Partners Inc. | | | | |
|
Consolidating Balance Sheets | Condensed Consolidating Balance Sheets |
|
| | Consolidated Total | | | Physician Groups | | | Unrestricted Subsidiaries | | | Company and Restricted Subsidiaries(1) | | | | | |
As of December 31, 2014 | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 965,241 | | | $ | 112,448 | | | $ | — | | | $ | 852,793 | | | | | |
Accounts receivable, net | | | 1,525,849 | | | | 255,953 | | | | — | | | | 1,269,896 | | | | | |
Other current assets | | | 1,385,707 | | | | 18,450 | | | | — | | | | 1,367,257 | | | | | |
Total current assets | | | 3,876,797 | | | | 386,851 | | | | — | | | | 3,489,946 | | | | | |
Property and equipment, net | | | 2,469,099 | | | | 2,406 | | | | — | | | | 2,466,693 | | | | | |
Amortizable intangibles, net | | | 1,949,498 | | | | 6,239 | | | | — | | | | 1,943,259 | | | | | |
Other long-term assets | | | 232,026 | | | | 66,087 | | | | 2,811 | | | | 163,128 | | | | | |
Goodwill | | | 9,415,295 | | | | 9,181 | | | | — | | | | 9,406,114 | | | | | |
Total assets | | $ | 17,942,715 | | | $ | 470,764 | | | $ | 2,811 | | | $ | 17,469,140 | | | | | |
Current liabilities | | $ | 2,088,652 | | | $ | 213,609 | | | $ | — | | | $ | 1,875,043 | | | | | |
Payables to parent | | | — | | | | 178,371 | | | | 2,811 | | | | (181,182 | ) | | | | |
Long-term debt and other long-term liabilities | | | 9,663,787 | | | | 61,895 | | | | — | | | | 9,601,892 | | | | | |
Noncontrolling interests subject to put provisions | | | 829,965 | | | | — | | | | — | | | | 829,965 | | | | | |
Total DaVita HealthCare Partners Inc. shareholders'’ equity | | | 5,170,513 | | | | 16,889 | | | | — | | | | 5,153,624 | | | | | |
Noncontrolling interests not subject to put provisions | | | 189,798 | | | | — | | | | — | | | | 189,798 | | | | | |
Shareholders' equity | | | 5,360,311 | | | | 16,889 | | | | — | | | | 5,343,422 | | | | | |
Total liabilities and shareholder's equity | | $ | 17,942,715 | | | $ | 470,764 | | | $ | 2,811 | | | $ | 17,469,140 | | | | | |
As of December 31, 2013 | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 946,249 | | | $ | 127,309 | | | $ | — | | | $ | 818,940 | | | | | |
Accounts receivable, net | | | 1,485,163 | | | | 235,463 | | | | — | | | | 1,249,700 | | | | | |
Other current assets | | | 1,040,866 | | | | 35,640 | | | | — | | | | 1,005,226 | | | | | |
Total current assets | | | 3,472,278 | | | | 398,412 | | | | — | | | | 3,073,866 | | | | | |
Property and equipment, net | | | 2,189,411 | | | | 5,541 | | | | — | | | | 2,183,870 | | | | | |
Amortizable intangibles, net | | | 2,024,373 | | | | 7,283 | | | | — | | | | 2,017,090 | | | | | |
Other long-term assets | | | 199,841 | | | | 64,013 | | | | 3,325 | | | | 132,503 | | | | | |
Goodwill | | | 9,212,974 | | | | 8,981 | | | | — | | | | 9,203,993 | | | | | |
Total assets | | $ | 17,098,877 | | | $ | 484,230 | | | $ | 3,325 | | | $ | 16,611,322 | | | | | |
Current liabilities | | $ | 2,462,049 | | | $ | 193,079 | | | $ | — | | | $ | 2,268,970 | | | | | |
Payables to parent | | | — | | | | 194,958 | | | | 3,325 | | | | (198,283 | ) | | | | |
Long-term debt and other long-term liabilities | | | 9,333,987 | | | | 94,727 | | | | — | | | | 9,239,260 | | | | | |
Noncontrolling interests subject to put provisions | | | 697,300 | | | | — | | | | — | | | | 697,300 | | | | | |
Total DaVita HealthCare Partners Inc. shareholders’' equity | | | 4,432,479 | | | | 1,466 | | | | — | | | | 4,431,013 | | | | | |
Noncontrolling interests not subject to put provisions | | | 173,062 | | | | — | | | | — | | | | 173,062 | | | | | |
Shareholders' equity | | | 4,605,541 | | | | 1,466 | | | | — | | | | 4,604,075 | | | | | |
Total liabilities and shareholder's equity | | $ | 17,098,877 | | | $ | 484,230 | | | $ | 3,325 | | | $ | 16,611,322 | | | | | |
|
Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows |
|
| | Consolidated Total | | | Physician Groups | | | Unrestricted Subsidiaries | | | Company and Restricted Subsidiaries(1) | | | | | |
For the year ended December 31, 2014 | | | | | | | | | | | | | | | | | | | | |
Cash flows from operating activities: | | | | | | | | | | | | | | | | | | | | |
Net income | | $ | 863,330 | | | $ | 17,257 | | | $ | (308 | ) | | $ | 846,381 | | | | | |
Changes in operating and intercompany assets and liabilities and | | | 596,077 | | | | 1,048 | | | | 308 | | | | 594,721 | | | | | |
non cash items included in net income | | | | |
Net cash provided by operating activities | | | 1,459,407 | | | | 18,305 | | | | — | | | | 1,441,102 | | | | | |
Cash flows from investing activities: | | | | | | | | | | | | | | | | | | | | |
Additions of property and equipment | | | (641,330 | ) | | | 2,058 | | | | — | | | | (643,388 | ) | | | | |
Acquisitions and divestitures, net | | | (272,094 | ) | | | — | | | | — | | | | (272,094 | ) | | | | |
Proceeds from asset sales | | | 8,791 | | | | — | | | | — | | | | 8,791 | | | | | |
Investments and other items | | | (373,096 | ) | | | (16,745 | ) | | | — | | | | (356,351 | ) | | | | |
Net cash used in investing activities | | | (1,277,729 | ) | | | (14,687 | ) | | | — | | | | (1,263,042 | ) | | | | |
Cash flows from financing activities: | | | | | | | | | | | | | | | | | | | | |
Long-term debt and related financing costs, net | | | (7,989 | ) | | | — | | | | — | | | | (7,989 | ) | | | | |
Intercompany | | | — | | | | (18,479 | ) | | | — | | | | 18,479 | | | | | |
Other items | | | (156,990 | ) | | | — | | | | — | | | | (156,990 | ) | | | | |
Net cash used in financing activities | | | (164,979 | ) | | | (18,479 | ) | | | — | | | | (146,500 | ) | | | | |
Effect of exchange rate changes on cash | | | 2,293 | | | | — | | | | — | | | | 2,293 | | | | | |
Net increase (decrease) in cash | | | 18,992 | | | | (14,861 | ) | | | — | | | | 33,853 | | | | | |
Cash at beginning of the year | | | 946,249 | | | | 127,309 | | | | — | | | | 818,940 | | | | | |
Cash at the end of the year | | $ | 965,241 | | | $ | 112,448 | | | $ | — | | | $ | 852,793 | | | | | |
For the year ended December 31, 2013 | | | | | | | | | | | | | | | | | | | | |
Cash flows from operating activities: | | | | | | | | | | | | | | | | | | | | |
Net income | | $ | 757,201 | | | $ | 4,481 | | | $ | (274 | ) | | $ | 752,994 | | | | | |
Changes in operating and intercompany assets and liabilities and | | | 1,016,140 | | | | 4,343 | | | | 274 | | | | 1,011,523 | | | | | |
non cash items included in net income | | | | |
Net cash provided by operating activities | | | 1,773,341 | | | | 8,824 | | | | — | | | | 1,764,517 | | | | | |
Cash flows from investing activities: | | | | | | | | | | | | | | | | | | | | |
Additions of property and equipment | | | (617,597 | ) | | | (2,262 | ) | | | — | | | | (615,335 | ) | | | | |
Acquisitions and divestitures, net | | | (310,394 | ) | | | — | | | | — | | | | (310,394 | ) | | | | |
Proceeds from discontinued operations | | | 62,258 | | | | — | | | | — | | | | 62,258 | | | | | |
Investments and other items | | | (11,149 | ) | | | — | | | | — | | | | (11,149 | ) | | | | |
Net cash used in investing activities | | | (876,882 | ) | | | (2,262 | ) | | | — | | | | (874,620 | ) | | | | |
Cash flows from financing activities: | | | | | | | | | | | | | | | | | | | | |
Long-term debt | | | (438,007 | ) | | | — | | | | — | | | | (438,007 | ) | | | | |
Intercompany | | | — | | | | (11,615 | ) | | | — | | | | 11,615 | | | | | |
Other items | | | (44,984 | ) | | | — | | | | — | | | | (44,984 | ) | | | | |
Net cash used in financing activities | | | (482,991 | ) | | | (11,615 | ) | | | — | | | | (471,376 | ) | | | | |
Effect of exchange rate changes on cash | | | (967 | ) | | | — | | | | — | | | | (967 | ) | | | | |
Net increase (decrease) in cash | | | 412,501 | | | | (5,053 | ) | | | — | | | | 417,554 | | | | | |
Cash at beginning of the year | | | 533,748 | | | | 132,362 | | | | — | | | | 401,386 | | | | | |
Cash at the end of the year | | $ | 946,249 | | | $ | 127,309 | | | $ | — | | | $ | 818,940 | | | | | |
|
| | Consolidated Total | | | Physician Groups | | | Unrestricted Subsidiaries | | | Company and Restricted Subsidiaries(1) | | | | | |
For the year ended December 31, 2012 | | | | | | | | | | | | | | | | | | | | |
Cash flows from operating activities: | | | | | | | | | | | | | | | | | | | | |
Net income | | $ | 641,237 | | | $ | (1,092 | ) | | $ | 823 | | | $ | 641,506 | | | | | |
Changes in operating and intercompany assets and liabilities and | | | 459,611 | | | | (26,549 | ) | | | (823 | ) | | | 486,983 | | | | | |
non cash items included in net income | | | | |
Net cash provided by operating activities | | | 1,100,848 | | | | (27,641 | ) | | | — | | | | 1,128,489 | | | | | |
Cash flows from investing activities: | | | | | | | | | | | | | | | | | | | | |
Additions of property and equipment | | | (550,146 | ) | | | (4,794 | ) | | | — | | | | (545,352 | ) | | | | |
Acquisitions and divestitures, net | | | (4,294,077 | ) | | | — | | | | — | | | | (4,294,077 | ) | | | | |
Proceeds from discontinued operations | | | 3,559 | | | | — | | | | — | | | | 3,559 | | | | | |
Investments and other items | | | 8,214 | | | | — | | | | — | | | | 8,214 | | | | | |
Net cash used in investing activities | | | (4,832,450 | ) | | | (4,794 | ) | | | — | | | | (4,827,656 | ) | | | | |
Cash flows from financing activities: | | | | | | | | | | | | | | | | | | | | |
Long-term debt | | | 3,904,893 | | | | — | | | | — | | | | 3,904,893 | | | | | |
Intercompany | | | — | | | | 164,797 | | | | — | | | | (164,797 | ) | | | | |
Other items | | | (32,509 | ) | | | — | | | | — | | | | (32,509 | ) | | | | |
Net cash provided by financing activities | | | 3,872,384 | | | | 164,797 | | | | — | | | | 3,707,587 | | | | | |
Effect of exchange rate changes on cash | | | (786 | ) | | | — | | | | — | | | | (786 | ) | | | | |
Net increase in cash | | | 139,996 | | | | 132,362 | | | | — | | | | 7,634 | | | | | |
Cash at beginning of the year | | | 393,752 | | | | — | | | | — | | | | 393,752 | | | | | |
Cash at the end of the year | | $ | 533,748 | | | $ | 132,362 | | | $ | — | | | $ | 401,386 | | | | | |
|
|