| 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 September 30, | | Nine months ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Segment revenues: | | | | | | | | | U.S. dialysis | | | | | | | | | Patient service revenues: | | | | | | | | | External sources | $ | 3,021,624 | | | $ | 2,961,833 | | | $ | 8,930,526 | | | $ | 8,657,969 | | | Intersegment revenues | 22,008 | | | 11,932 | | | 53,841 | | | 40,382 | | | U.S. dialysis patient service revenues | 3,043,632 | | | 2,973,765 | | | 8,984,367 | | | 8,698,351 | | | Other revenues | | | | | | | | | External sources | 6,846 | | | 6,275 | | | 19,636 | | | 18,248 | | | | | | | | | | | Total U.S. dialysis revenues | 3,050,478 | | | 2,980,040 | | | 9,004,003 | | | 8,716,599 | | | Other—Ancillary services | | | | | | | | | Patient service revenues | 386,642 | | | 336,257 | | | 1,116,914 | | | 949,985 | | | Other external sources | 163,014 | | | 115,862 | | | 480,682 | | | 397,080 | | | Intersegment revenues | 2,110 | | | 2,771 | | | 8,485 | | | 8,336 | | | Total ancillary services | 551,766 | | | 454,890 | | | 1,606,081 | | | 1,355,401 | | | Total net segment revenues | 3,602,244 | | | 3,434,930 | | | 10,610,084 | | | 10,072,000 | | | Elimination of intersegment revenues | (24,118) | | | (14,703) | | | (62,326) | | | (48,718) | | | Consolidated revenues | $ | 3,578,126 | | | $ | 3,420,227 | | | $ | 10,547,758 | | | $ | 10,023,282 | | | Significant segment expenses: | | | | | | | | | U.S. dialysis | | | | | | | | | Patient care costs | $ | 2,053,888 | | | $ | 1,981,180 | | | $ | 6,027,638 | | | $ | 5,823,070 | | | General and administrative | 316,178 | | | 322,355 | | | 966,843 | | | 917,124 | | | Depreciation and amortization | 144,360 | | | 156,242 | | | 445,991 | | | 469,923 | | Other segment items(1) | (8,127) | | | (9,850) | | | (24,592) | | | (22,247) | | | U.S. dialysis segment expenses | 2,506,299 | | | 2,449,927 | | | 7,415,880 | | | 7,187,870 | | | Segment operating margin: | | | | | | | | | U.S. dialysis | 544,179 | | | 530,113 | | | 1,588,123 | | | 1,528,729 | | Other—Ancillary services(2) | (18,644) | | | 1,219 | | | 44,238 | | | 55,125 | | | Total segment operating margin | 525,535 | | | 531,332 | | | 1,632,361 | | | 1,583,854 | | Reconciliation of segment operating income to consolidated income before income taxes: | | | | | | | | | Corporate administrative support | (26,280) | | | (25,565) | | | (72,213) | | | (101,309) | | | Consolidated operating income | 499,255 | | | 505,767 | | | 1,560,148 | | | 1,482,545 | | | Debt expense | (150,016) | | | (150,557) | | | (445,403) | | | (431,674) | | | Debt extinguishment and modification costs | — | | | (5,150) | | | (2,035) | | | (5,150) | | | Other income (loss), net | 9,468 | | | (41,257) | | | 22,241 | | | (81,657) | | | Income before income taxes | $ | 358,707 | | | $ | 308,803 | | | $ | 1,134,951 | | | $ | 964,064 | |
|