| Summary of Segment Net Revenues, Segment Operating Income (Loss) and Reconciliation of Segment Income to Consolidated Income Before Income Taxes |
The following is a summary of segment revenues, segment operating margin, and a reconciliation of segment operating margin to consolidated income before income taxes: | | | | | | | | | | | | | | | | | Three months ended March 31, | | | | | 2026 | | 2025 | | | | | | Segment revenues: | | | | | | | | | U.S. dialysis | | | | | | | | | Patient service revenues: | | | | | | | | | External sources | $ | 2,914,954 | | | $ | 2,805,427 | | | | | | | Intersegment revenues | 20,472 | | | 11,734 | | | | | | | U.S. dialysis patient service revenues | 2,935,426 | | | 2,817,161 | | | | | | | Other revenues | | | | | | | | | External sources | 6,275 | | | 6,008 | | | | | | | | | | | | | | | Total U.S. dialysis revenues | 2,941,701 | | | 2,823,169 | | | | | | | Other—Ancillary services | | | | | | | | | Patient service revenues | 357,843 | | | 297,566 | | | | | | | Other external sources | 136,476 | | | 114,528 | | | | | | | Intersegment revenues | 3,288 | | | 2,728 | | | | | | | Total ancillary services | 497,607 | | | 414,822 | | | | | | | Total net segment revenues | 3,439,308 | | | 3,237,991 | | | | | | | Elimination of intersegment revenues | (23,760) | | | (14,462) | | | | | | | Consolidated revenues | $ | 3,415,548 | | | $ | 3,223,529 | | | | | | | Significant segment expenses: | | | | | | | | | U.S. dialysis | | | | | | | | | Patient care costs | $ | 1,969,056 | | | $ | 1,913,428 | | | | | | | General and administrative | 319,772 | | | 282,679 | | | | | | | Depreciation and amortization | 155,170 | | | 156,899 | | | | | | Other segment items(1) | (8,264) | | | (5,609) | | | | | | | U.S. dialysis segment expenses | 2,435,734 | | | 2,347,397 | | | | | | | Segment operating margin: | | | | | | | | | U.S. dialysis | 505,967 | | | 475,772 | | | | | | Other—Ancillary services(2) | 5,832 | | | (2,809) | | | | | | | Total segment operating margin | 511,799 | | | 472,963 | | | | | | Reconciliation of segment operating income to consolidated income before income taxes: | | | | | | | | | Corporate administrative support | (29,907) | | | (34,026) | | | | | | | Consolidated operating income | 481,892 | | | 438,937 | | | | | | | Debt expense | (145,131) | | | (135,055) | | | | | | | | | | | | | | | Other income (loss), net | 4,473 | | | (17,549) | | | | | | | Income from continuing operations before income taxes | $ | 341,234 | | | $ | 286,333 | | | | | |
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