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 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 86 | 129 | 99 | 141 | 152 | 157 | 267 | ||
| Cash and cash equivalents | 86 | 129 | 99 | 141 | 152 | 157 | 249 | ||
| Short-term investments | 18 | ||||||||
| Receivables | 138 | 141 | 135 | 189 | 187 | 166 | 148 | ||
| Inventory, net of allowances, customer advances and progress billings | 148 | 176 | 71 | 51 | 66 | 50 | 29 | ||
| Inventory | 148 | 176 | 71 | 51 | 66 | 50 | 29 | ||
| Contract with customer, asset | 289 | 267 | 216 | 206 | ✕ | ✕ | ✕ | ||
| Disposal group, including discontinued operation | 3 | ||||||||
| Other undisclosed current assets | 66 | 68 | 97 | 24 | 23 | 35 | 20 | ||
| Total current assets: | 728 | 782 | 618 | 614 | 429 | 409 | 463 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 44 | 48 | 58 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 225 | 224 | 207 | 205 | 207 | 187 | 174 | ||
| Long-term investments and receivables | 192 | 153 | 133 | 100 | 94 | 93 | 30 | ||
| Long-term investments | 192 | 153 | 133 | 100 | 94 | 93 | 30 | ||
| Intangible assets, net (including goodwill) | 1,375 | 1,397 | 1,359 | 1,151 | 1,229 | 1,285 | 696 | ||
| Goodwill | 1,000 | 1,000 | 942 | 881 | 907 | 907 | 538 | ||
| Intangible assets, net (excluding goodwill) | 375 | 397 | 417 | 271 | 322 | 378 | 158 | ||
| Deferred costs | 57 | 60 | 49 | 45 | 45 | 42 | 40 | ||
| Deferred income tax assets | 762 | 782 | 430 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 67 | 77 | 94 | 32 | 4 | 10 | 29 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 423 | |||||
| Other undisclosed noncurrent assets | 422 | 306 | 482 | ||||||
| Total noncurrent assets: | 2,723 | 2,741 | 2,330 | 1,956 | 1,884 | 2,099 | 1,392 | ||
| TOTAL ASSETS: | 3,451 | 3,523 | 2,949 | 2,570 | 2,312 | 2,508 | 1,855 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 187 | 234 | 182 | 208 | 188 | 152 | 163 | ||
| Accounts payable | 71 | 85 | 55 | 55 | 60 | 43 | 46 | ||
| Accrued liabilities | 54 | 48 | 54 | 82 | 64 | 56 | 57 | ||
| Employee-related liabilities | 63 | 101 | 73 | 71 | 64 | 54 | 60 | ||
| Deferred revenue | 33 | 34 | 35 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 225 | 174 | 80 | 28 | 100 | 228 | 5 | ||
| Due to related parties | 97 | 96 | |||||||
| Disposal group, including discontinued operation | 12 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 40 | 44 | 54 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 36 | ✕ | ✕ | ✕ | ||
| Other liabilities | 48 | 47 | 32 | 7 | 8 | 32 | 3 | ||
| Other undisclosed current liabilities | 133 | 131 | 167 | 168 | 112 | 115 | 100 | ||
| Total current liabilities: | 723 | 717 | 496 | 458 | 449 | 572 | 326 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 38 | 43 | 58 | 6 | 7 | 6 | 14 | ||
| Long-term debt, excluding current maturities | 5 | 6 | 7 | 6 | 14 | ||||
| Operating lease, liability | 38 | 43 | 53 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 351 | 471 | 142 | 113 | 108 | 84 | 64 | ||
| Deferred compensation liability, classified | 57 | 60 | 49 | 45 | 45 | 42 | 40 | ||
| Deferred income tax liabilities | 18 | ✕ | ✕ | ✕ | ✕ | ||||
| Due to related parties | 250 | 299 | |||||||
| Other liabilities | 44 | 112 | 76 | 68 | 64 | 42 | 24 | ||
| Other undisclosed noncurrent liabilities | 60 | 62 | 393 | 331 | 255 | 370 | 266 | ||
| Total noncurrent liabilities: | 450 | 576 | 593 | 451 | 370 | 460 | 344 | ||
| Total liabilities: | 1,173 | 1,293 | 1,089 | 909 | 819 | 1,032 | 670 | ||
| Temporary equity, carrying amount | 1,720 | 2,523 | 2,920 | 3,139 | 3,137 | ||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,278 | 2,229 | 139 | (863) | (1,428) | (1,663) | (1,952) | ||
| Treasury stock, value | (176) | (87) | (150) | ||||||
| Additional paid in capital | 2,136 | 2,059 | 139 | ||||||
| Accumulated other comprehensive loss | (0) | (0) | |||||||
| Retained earnings (accumulated deficit) | 318 | 169 | (776) | (1,278) | (1,663) | (1,952) | |||
| Other undisclosed stockholders' equity | 1 | 1 | 1 | 1 | 1 | 1 | 0 | ||
| Total stockholders' equity: | 2,279 | 2,230 | 139 | (862) | (1,427) | (1,662) | (1,951) | ||
| TOTAL LIABILITIES AND EQUITY: | 3,451 | 3,523 | 2,949 | 2,570 | 2,312 | 2,508 | 1,855 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,696 | 1,721 | 1,300 | 1,218 | 1,661 | 1,455 | 1,163 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,661 | 1,455 | 1,163 | |
| Cost of revenue | (816) | (884) | (433) | (356) | (798) | (680) | (457) | |
| Cost of goods and services sold | (798) | (680) | (457) | |||||
| Gross profit: | 880 | 837 | 867 | 862 | 863 | 775 | 706 | |
| Operating expenses | (600) | (580) | (518) | (493) | (501) | (457) | (440) | |
| Other operating income (expense), net | (5) | 25 | ||||||
| Other expenses | (5) | |||||||
| Other undisclosed operating income | 5 | 177 | ||||||
| Operating income: | 280 | 257 | 374 | 369 | 540 | 318 | 266 | |
| Nonoperating income (expense) | 70 | (6) | 10 | (0) | (23) | 214 | 19 | |
| Investment income, nonoperating | 41 | (39) | (7) | (2) | (5) | (5) | (1) | |
| Other nonoperating income | 5 | 12 | 4 | 3 | ||||
| Interest and debt expense | (4) | (7) | (5) | (3) | ||||
| Income from continuing operations before equity method investments, income taxes: | 350 | 251 | 384 | 364 | 510 | 526 | 282 | |
| Other undisclosed income from continuing operations before income taxes | 4 | 7 | 5 | 3 | ||||
| Income from continuing operations before income taxes: | 350 | 251 | 384 | 368 | 517 | 531 | 285 | |
| Income tax expense (benefit) | (73) | 54 | (93) | (33) | (259) | (82) | (50) | |
| Income from continuing operations: | 278 | 305 | 291 | 335 | 258 | 449 | 235 | |
| Income (loss) from discontinued operations | 1 | (51) | ||||||
| Net income: | 278 | 305 | 292 | 284 | 258 | 449 | 235 | |
| Net income (loss) attributable to noncontrolling interest | 12 | (162) | (175) | (224) | (336) | (194) | ||
| Other undisclosed net income (loss) attributable to parent | (37) | 194 | ||||||
| Net income attributable to parent: | 289 | 305 | 130 | 109 | 33 | 76 | 235 | |
| Preferred stock dividends and other adjustments | (27) | 468 | (118) | 158 | (37) | |||
| Other undisclosed net income (loss) available to common stockholders, basic | (17) | (17) | 37 | |||||
| Net income (loss) available to common stockholders, basic: | 272 | 261 | 599 | (9) | 191 | 76 | 235 | |
| Other undisclosed net loss available to common stockholders, diluted | (347) | (4) | (41) | |||||
| Net income (loss) available to common stockholders, diluted: | 272 | 261 | 252 | (9) | 187 | 76 | 194 | |
Comprehensive Income ($ in millions)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 278 | 305 | 292 | 284 | 258 | 449 | 235 | |
| Other undisclosed comprehensive income (loss) | 0 | (0) | ||||||
| Comprehensive income: | 278 | 305 | 292 | 284 | 258 | 450 | 235 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (5) | (17) | (162) | (175) | (224) | (336) | (193) | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 272 | 288 | 130 | 109 | 33 | 113 | 42 | |
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.