Premier, Inc. (PINC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8618412913310912099
Cash and cash equivalents8618412913310912099
Receivables138139141189166132135
Inventory, net of allowances, customer advances and progress billings14816917622517814371
Inventory14816917622517814371
Contract with customer, asset289272267259239245216
Other undisclosed current assets66686884937797
Total current assets:728833782889786718618
Noncurrent Assets
Operating lease, right-of-use asset44464851535558
Property, plant and equipment225226224224221214207
Long-term investments and receivables192186153154148139133
Long-term investments192186153154148139133
Intangible assets, net (including goodwill)1,3751,3861,3971,4071,3381,3471,359
Goodwill1,0001,0001,0001,000942943942
Intangible assets, net (excluding goodwill)375386397408396404417
Deferred costs57556056555049
Deferred income tax assets762763782821826828430
Other noncurrent assets67727780849094
Total noncurrent assets:2,7232,7342,7412,7932,7242,7242,330
TOTAL ASSETS:3,4513,5673,5233,6823,5113,4422,949
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities187180234245207165182
Accounts payable719085100956855
Accrued liabilities54434864534754
Employee-related liabilities634810180595073
Deferred revenue33333436323435
Debt22527217429920122280
Due to related parties979696959568 
Other liabilities48484757617732
Other undisclosed current liabilities133127131121109103167
Total current liabilities:723757717853705668496
Noncurrent Liabilities
Long-term debt and lease obligation38414346485158
Long-term debt, excluding current maturities      5
Operating lease, liability38414346485153
Liabilities, other than long-term debt351378471480496500142
Deferred compensation liability, classified57556056555049
Deferred income tax liabilities      18
Due to related parties250275299323347371 
Other liabilities4449112101947876
Other undisclosed noncurrent liabilities606262898988393
Total noncurrent liabilities:450482576615634639593
Total liabilities:1,1731,2391,2931,4671,3381,3071,089
Temporary equity, carrying amount      1,720
Stockholders' equity
Stockholders' equity attributable to parent2,2782,3272,2292,2132,1712,133139
Treasury stock, value(176)(43)     
Additional paid in capital2,1362,1032,0592,0472,0302,012139
Accumulated other comprehensive loss(0)      
Retained earnings318267169167142121 
Other undisclosed stockholders' equity1111111
Total stockholders' equity:2,2792,3282,2302,2152,1722,135139
TOTAL LIABILITIES AND EQUITY:3,4513,5673,5233,6823,5113,4422,949

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

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Revenues379365482470423347343
Cost of revenue(143)(153)(262)(258)(212)(152)(138)
Gross profit:237212220212211195204
Operating expenses(159)(140)(156)(146)(141)(138)(162)
Other operating income (expense), net(4)(0) (1)(1)(0)29
Other expenses(4)(0) (1)(1)(0) 
Other undisclosed operating income (loss)40 110(4)
Operating income:78726466705767
Nonoperating income (expense)668(2)(1)(8)62
Investment income, nonoperating(3)61(9)(8)(18)(4)(5)
Other nonoperating income (expense)2(0)22546
Income from continuing operations before income taxes:841406265626370
Income tax expense (benefit)(6)(19)(34)(13)(17)118(14)
Income from continuing operations:7712128514518155
Income from discontinued operations      0
Net income:7712128514518155
Net income (loss) attributable to noncontrolling interest(2)116(3)(1)(12)(29)
Net income attributable to parent:7612243484416926
Preferred stock dividends and other adjustments     (27)(48)
Other undisclosed net loss available to common stockholders, basic  (17)    
Net income (loss) available to common stockholders, basic:76122264844142(22)
Other undisclosed net income available to common stockholders, diluted      67
Net income available to common stockholders, diluted:7612226484414245

Comprehensive Income ($ in millions)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Net income:7712128514518155
Comprehensive income:7712128514518155
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)1(1)(3)(1)(12)(29)
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)      
Comprehensive income, net of tax, attributable to parent:7612226484416926

Statements sources

The financial statements are based on the company's filings with the 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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