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 investments8612999141152157267
Cash and cash equivalents8612999141152157249
Short-term investments      18
Receivables138141135189187166148
Inventory, net of allowances, customer advances and progress billings1481767151665029
Inventory1481767151665029
Contract with customer, asset289267216206
Disposal group, including discontinued operation   3   
Other undisclosed current assets66689724233520
Total current assets:728782618614429409463
Noncurrent Assets
Operating lease, right-of-use asset444858
Property, plant and equipment225224207205207187174
Long-term investments and receivables192153133100949330
Long-term investments192153133100949330
Intangible assets, net (including goodwill)1,3751,3971,3591,1511,2291,285696
Goodwill1,0001,000942881907907538
Intangible assets, net (excluding goodwill)375397417271322378158
Deferred costs57604945454240
Deferred income tax assets762782430
Other noncurrent assets6777943241029
Deferred tax assets, net   423
Other undisclosed noncurrent assets   422306482 
Total noncurrent assets:2,7232,7412,3301,9561,8842,0991,392
TOTAL ASSETS:3,4513,5232,9492,5702,3122,5081,855
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities187234182208188152163
Accounts payable71855555604346
Accrued liabilities54485482645657
Employee-related liabilities631017371645460
Deferred revenue333435
Debt22517480281002285
Due to related parties9796     
Disposal group, including discontinued operation   12   
Deferred revenue and credits404454
Contract with customer, liability36
Other liabilities48473278323
Other undisclosed current liabilities133131167168112115100
Total current liabilities:723717496458449572326
Noncurrent Liabilities
Long-term debt and lease obligation38435867614
Long-term debt, excluding current maturities  567614
Operating lease, liability384353
Liabilities, other than long-term debt3514711421131088464
Deferred compensation liability, classified57604945454240
Deferred income tax liabilities  18
Due to related parties250299     
Other liabilities441127668644224
Other undisclosed noncurrent liabilities6062393331255370266
Total noncurrent liabilities:450576593451370460344
Total liabilities:1,1731,2931,0899098191,032670
Temporary equity, carrying amount  1,7202,5232,9203,1393,137
Stockholders' equity
Stockholders' equity attributable to parent2,2782,229139(863)(1,428)(1,663)(1,952)
Treasury stock, value(176)  (87)(150)  
Additional paid in capital2,1362,059139    
Accumulated other comprehensive loss(0)     (0)
Retained earnings (accumulated deficit)318169 (776)(1,278)(1,663)(1,952)
Other undisclosed stockholders' equity1111110
Total stockholders' equity:2,2792,230139(862)(1,427)(1,662)(1,951)
TOTAL LIABILITIES AND EQUITY:3,4513,5232,9492,5702,3122,5081,855

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
Revenues1,6961,7211,3001,2181,6611,4551,163
Revenue, net1,6611,4551,163
Cost of revenue(816)(884)(433)(356)(798)(680)(457)
Cost of goods and services sold    (798)(680)(457)
Gross profit:880837867862863775706
Operating expenses(600)(580)(518)(493)(501)(457)(440)
Other operating income (expense), net(5) 25    
Other expenses(5)      
Other undisclosed operating income5   177  
Operating income:280257374369540318266
Nonoperating income (expense)70(6)10(0)(23)21419
Investment income, nonoperating41(39)(7)(2)(5)(5)(1)
Other nonoperating income51243   
Interest and debt expense   (4)(7)(5)(3)
Income from continuing operations before equity method investments, income taxes:350251384364510526282
Other undisclosed income from continuing operations before income taxes   4753
Income from continuing operations before income taxes:350251384368517531285
Income tax expense (benefit)(73)54(93)(33)(259)(82)(50)
Income from continuing operations:278305291335258449235
Income (loss) from discontinued operations  1(51)   
Net income:278305292284258449235
Net income (loss) attributable to noncontrolling interest12 (162)(175)(224)(336)(194)
Other undisclosed net income (loss) attributable to parent     (37)194
Net income attributable to parent:2893051301093376235
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:272261599(9)19176235
Other undisclosed net loss available to common stockholders, diluted  (347) (4) (41)
Net income (loss) available to common stockholders, diluted:272261252(9)18776194

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:278305292284258449235
Other undisclosed comprehensive income (loss)     0(0)
Comprehensive income:278305292284258450235
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:2722881301093311342

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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