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DVA > SEC Filings for DVA > Form 8-K on 1-Aug-2014All Recent SEC Filings

Show all filings for DAVITA HEALTHCARE PARTNERS INC.

Form 8-K for DAVITA HEALTHCARE PARTNERS INC.


1-Aug-2014

Results of Operations and Financial Condition


Item 2.02 Results of Operations and Financial Condition.

On July 31, 2014, DaVita HealthCare Partners Inc. disclosed the following financial results for the three months ended June 30, 2014:

DAVITA HEALTHCARE PARTNERS INC.

RECONCILIATIONS FOR NON-GAAP MEASURES

(unaudited)

(dollars in millions)

DaVita HealthCare Partners Inc. (the Company) uses Adjusted EBITDA and adjusted operating income for HCP's legacy and new markets, and similar calculations as measures to assess operating and financial performance of HCP for these markets. In addition, the Company also uses normalized operating income as a measure to assess operating and financial performance of HCP. Adjusted EBITDA for HCP is defined as net income before income taxes, net debt expense and depreciation and amortization and long-term incentive compensation. Adjusted EBITDA and adjusted operating income are not measures of financial performance computed in accordance with United States generally accepted accounting principles (GAAP) and should not be considered in isolation or as a substitute for operating income, net income, cash flows from operations, or other statement of operations or cash flow data prepared in conformity with GAAP, or as measures of profitability or liquidity. In addition, the calculation of Adjusted EBITDA and adjusted operating income are susceptible to varying interpretations and calculation, and the amounts presented may not be comparable to similarly titled measures of other companies. Adjusted EBITDA and adjusted operating income may not be indicative of historical operating results, and the Company does not mean for it to be predictive of future results of operations or cash flows for HCP for these markets. The reconciliation of Adjusted EBITDA and adjusted operating income of HCP are as follows:

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