Premier, Inc. (PINC) Financial Statements (2024 and earlier)

Company Profile

Business Address 13034 BALLANTYNE CORPORATE PLACE
CHARLOTTE, NC 28277
State of Incorp.
Fiscal Year End June 30
Industry (SIC) 8741 - Management Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments90958612999141
Cash and cash equivalents90958612999141
Receivables115121114141135189
Inventory, net of allowances, customer advances and progress billings771161201767151
Inventory771161201767151
Contract with customer, asset, after allowance for credit loss299284260267216206
Disposal group, including discontinued operation      3
Other undisclosed current assets605866689724
Total current assets:642674646782618614
Noncurrent Assets
Operating lease, right-of-use asset2934404858
Property, plant and equipment212207213224207205
Long-term investments and receivables232217216153133100
Long-term investments232217216153133100
Intangible assets, net (including goodwill)1,4421,5221,3561,3971,3591,151
Goodwill1,0121,0691,0001,000942881
Intangible assets, net (excluding goodwill)430453357397417271
Deferred costs504547604945
Deferred income tax assets654723725782430
Other noncurrent assets110117114779432
Other undisclosed noncurrent assets      422
Total noncurrent assets:2,7302,8652,7122,7412,3301,956
TOTAL ASSETS:3,3713,5393,3573,5232,9492,570
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10111186234182208
Employee-related liabilities 1017371
Accounts payable546145855555
Accrued liabilities474941485482
Deferred revenue2427303435
Debt3164012511748028
Disposal group, including discontinued operation      12
Due to related parties 999896  
Contract with customer, liability36
Other liabilities51844747327
Other undisclosed current liabilities323213241131167168
Total current liabilities:815934753717496458
Noncurrent Liabilities
Long-term debt and lease obligation102  43586
Long-term debt, excluding current maturities102   56
Liabilities, other than long-term debt119269324471142113
Deferred compensation liability, classified504547604945
Deferred income tax liabilities     18
Due to related parties 152201299  
Other liabilities4746431127668
Operating lease, liability2227334353
Other undisclosed noncurrent liabilities 303162393331
Total noncurrent liabilities:222299355576593451
Total liabilities:1,0371,2331,1081,2931,089909
Temporary equity, carrying amount     1,7202,523
Equity
Equity, attributable to parent2,3332,3062,2482,229139(863)
Common stock  1    
Treasury stock, value(250)(250)(250)  (87)
Additional paid in capital2,1782,1672,1662,059139 
Accumulated other comprehensive loss(0)(0)(0)   
Retained earnings (accumulated deficit)405388332169 (776)
Other undisclosed equity1 1111
Total equity:2,3342,3062,2492,230139(862)
TOTAL LIABILITIES AND EQUITY:3,3713,5393,3573,5232,9492,570

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues1,3361,0211,4331,7211,3001,218
Cost of revenue(440)(364)(548)(884)(433)(356)
Gross profit:896657885837867862
Operating expenses(654)(454)(625)(580)(518)(493)
Other operating income (expense), net (6)  25 
Other expenses (6)    
Other undisclosed operating income 6    
Operating income:242203260257374369
Nonoperating income (expense)8067(6)10(0)
Investment income, nonoperating(14)(10)53(39)(7)(2)
Other nonoperating income (expense)6(3)(10)1243
Interest and debt expense      (4)
Income from continuing operations before equity method investments, income taxes:250204327251384364
Other undisclosed income from continuing operations before income taxes      4
Income from continuing operations before income taxes:250204327251384368
Income tax expense (benefit)(75)(57)(59)54(93)(33)
Income from continuing operations:175146268305291335
Income before gain (loss) on sale of properties:82305292284
Income (loss) from discontinued operations     1(51)
Net income:175146268305292284
Net income (loss) attributable to noncontrolling interest0(1)(2) (162)(175)
Net income attributable to parent:175145266305130109
Preferred stock dividends and other adjustments    (27)468(118)
Other undisclosed net loss available to common stockholders, basic    (17)  
Net income (loss) available to common stockholders, basic:175145266261599(9)
Other undisclosed net loss available to common stockholders, diluted     (347) 
Net income (loss) available to common stockholders, diluted:175145266261252(9)

Comprehensive Income ($ in millions)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income:175146268305292284
Comprehensive income:175146268305292284
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)(2)(17)(162)(175)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(0)   
Comprehensive income, net of tax, attributable to parent:175145266288130109

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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