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 thousands)Annual | Quarterly
| 6/30/2024 Q4 | 3/31/2024 Q3 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 61,856 | 371,110 | 453,261 | 89,793 | 91,493 | 94,623 | |||
| Cash and cash equivalents | 61,856 | 371,110 | 453,261 | 89,793 | 91,493 | 94,623 | |||
| Receivables | 121,159 | 122,300 | 102,122 | 115,295 | 115,289 | 120,917 | |||
| Inventory, net of allowances, customer advances and progress billings | 77,795 | 72,766 | 69,868 | 76,932 | 94,431 | 116,421 | |||
| Inventory | 77,795 | 72,766 | 69,868 | 76,932 | 94,431 | 116,421 | |||
| Contract with customer, asset, after allowance for credit loss | 334,256 | 331,727 | 311,557 | 299,219 | 290,824 | 284,126 | |||
| Other undisclosed current assets | 79,633 | 92,354 | 65,566 | 60,387 | 59,091 | 57,878 | |||
| Total current assets: | 674,699 | 990,257 | 1,002,374 | 641,626 | 651,128 | 673,965 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 21,700 | 24,439 | 26,871 | 29,252 | 31,658 | 34,488 | |||
| Property, plant and equipment | 206,363 | 218,050 | 210,519 | 212,308 | 206,687 | 207,045 | |||
| Long-term investments and receivables | 228,511 | 229,434 | 230,080 | 231,826 | 230,300 | 217,110 | |||
| Long-term investments | 228,511 | 229,434 | 230,080 | 231,826 | 230,300 | 217,110 | |||
| Intangible assets, net (including goodwill) | 1,274,905 | 1,417,185 | 1,429,697 | 1,442,385 | 1,511,791 | 1,522,145 | |||
| Goodwill | 995,852 | 1,012,355 | 1,012,355 | 1,012,355 | 1,069,073 | 1,069,300 | |||
| Intangible assets, net (excluding goodwill) | 279,053 | 404,830 | 417,342 | 430,030 | 442,718 | 452,845 | |||
| Deferred costs | 52,754 | 48,792 | 44,029 | 50,346 | 47,699 | 44,609 | |||
| Deferred income tax assets | 805,741 | 808,562 | 797,064 | 653,629 | 722,949 | 723,073 | |||
| Other noncurrent assets | 99,057 | 95,809 | 108,938 | 110,115 | 110,305 | 116,959 | |||
| Total noncurrent assets: | 2,689,031 | 2,842,271 | 2,847,198 | 2,729,861 | 2,861,389 | 2,865,429 | |||
| TOTAL ASSETS: | 3,363,730 | 3,832,528 | 3,849,572 | 3,371,487 | 3,512,517 | 3,539,394 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 136,833 | 105,198 | 94,738 | 101,488 | 116,858 | 110,773 | |||
| Accounts payable | 67,341 | 54,252 | 48,545 | 54,375 | 53,486 | 61,422 | |||
| Accrued liabilities | 69,492 | 50,946 | 46,193 | 47,113 | 63,372 | 49,351 | |||
| Deferred revenue | 20,502 | 20,692 | 20,730 | 24,311 | 27,880 | 26,964 | |||
| Debt | 102,067 | 101,602 | 101,329 | 316,211 | 335,472 | 400,682 | |||
| Other liabilities | 60,120 | 96,750 | 209,263 | 50,574 | 102,922 | 83,649 | |||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | ✕ | 99,200 | 98,736 | ||
| Other undisclosed current liabilities | 406,157 | 369,453 | 344,466 | 322,879 | 218,000 | 213,224 | |||
| Total current liabilities: | 725,679 | 693,695 | 770,526 | 815,463 | 900,332 | 934,028 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 25,555 | 50,994 | 76,317 | 102,257 | |||||
| Long-term debt, excluding current maturities | 25,555 | 50,994 | 76,317 | 102,257 | |||||
| Liabilities, other than long-term debt | 120,156 | 118,221 | 108,190 | 119,412 | 246,197 | 269,259 | |||
| Deferred compensation liability, classified | 52,754 | 48,792 | 44,029 | 50,346 | 47,699 | 44,609 | |||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | ✕ | 126,614 | 151,588 | ||
| Other liabilities | 54,328 | 53,413 | 45,245 | 47,202 | 46,416 | 45,575 | |||
| Operating lease, liability | 13,074 | 16,016 | 18,916 | 21,864 | 25,468 | 27,487 | |||
| Other undisclosed noncurrent liabilities | 569,042 | 579,409 | 541,834 | 30,197 | 30,034 | ||||
| Total noncurrent liabilities: | 714,753 | 748,624 | 726,341 | 221,669 | 276,394 | 299,293 | |||
| Total liabilities: | 1,440,432 | 1,442,319 | 1,496,867 | 1,037,132 | 1,176,726 | 1,233,321 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,922,186 | 2,388,947 | 2,351,444 | 2,333,099 | 2,335,791 | 2,306,073 | |||
| Common stock | 1,253 | 1,253 | |||||||
| Treasury stock, value | (250,129) | (250,129) | (250,129) | (250,129) | (250,129) | (250,129) | |||
| Additional paid in capital | 2,104,916 | 2,186,115 | 2,177,324 | 2,178,134 | 2,175,048 | 2,166,909 | |||
| Accumulated other comprehensive income (loss) | (1) | 15 | (11) | (8) | (11) | (12) | |||
| Retained earnings | 67,400 | 452,946 | 424,260 | 405,102 | 409,630 | 388,052 | |||
| Other undisclosed equity | 1,112 | 1,262 | 1,261 | 1,256 | |||||
| Total equity: | 1,923,298 | 2,390,209 | 2,352,705 | 2,334,355 | 2,335,791 | 2,306,073 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,363,730 | 3,832,528 | 3,849,572 | 3,371,487 | 3,512,517 | 3,539,394 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q4 | 3/31/2024 Q3 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 342,596 | 334,745 | 318,752 | 340,364 | 322,232 | 359,626 | ||
| Cost of revenue | (122,263) | (113,462) | (108,170) | (107,871) | (103,162) | (116,885) | ||
| Gross profit: | 220,333 | 221,283 | 210,582 | 232,493 | 219,070 | 242,741 | ||
| Operating expenses | (299,062) | (155,590) | (151,611) | (199,640) | (156,504) | (154,575) | ||
| Other operating expense, net (Other Expenses) | (74) | (33) | (95) | (85) | ||||
| Other undisclosed operating income | 74 | 33 | 95 | 85 | ||||
| Operating income (loss): | (78,729) | 65,693 | 58,971 | 32,853 | 62,566 | 88,166 | ||
| Nonoperating income (expense) | 13,903 | 6,451 | (2,623) | 1,397 | 3,315 | (27) | ||
| Investment income, nonoperating | 2,438 | 195 | (2,711) | (4,269) | (4,631) | |||
| Other nonoperating income (expense) | 14,913 | 4,679 | (1,092) | 2,587 | 2,954 | 2,930 | ||
| Income (loss) from continuing operations before income taxes: | (64,826) | 72,144 | 56,348 | 34,250 | 65,881 | 88,139 | ||
| Income tax expense (benefit) | 15,664 | (19,278) | (13,938) | (15,345) | (17,232) | (23,765) | ||
| Net income (loss): | (49,162) | 52,866 | 42,410 | 18,905 | 48,649 | 64,374 | ||
| Net income (loss) attributable to noncontrolling interest | 8,967 | 1,436 | 2,351 | 2,558 | (1,848) | (328) | ||
| Net income (loss) available to common stockholders, diluted: | (40,195) | 54,302 | 44,761 | 21,463 | 46,801 | 64,046 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q4 | 3/31/2024 Q3 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (49,162) | 52,866 | 42,410 | 18,905 | 48,649 | 64,374 | ||
| Comprehensive income (loss): | (49,162) | 52,866 | 42,410 | 18,905 | 48,649 | 64,374 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 8,967 | 1,436 | 2,351 | 2,558 | (1,848) | (328) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (16) | 26 | (3) | 3 | 1 | 1 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (40,211) | 54,328 | 44,758 | 21,466 | 46,802 | 64,047 | ||
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.