Premier, Inc. (PINC) financial statements (2021 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)
12/31/2019 TTM | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 112 | 141 | 152 | 157 | 267 | 387 | 292 | ||
Cash and cash equivalents | 112 | 141 | 152 | 157 | 249 | 147 | 132 | ||
Short-term investments | 18 | 241 | 160 | ||||||
Receivables | 167 | 189 | 187 | 166 | 148 | 103 | 69 | ||
Inventory, net of allowances, customer advances and progress billings | 53 | 51 | 66 | 50 | 29 | 33 | 21 | ||
Inventory | 53 | 51 | 66 | 50 | 29 | 33 | 21 | ||
Contract with customer, asset | 215 | 206 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Disposal group, including discontinued operation | 3 | ||||||||
Deferred tax assets | ✕ | 8 | 10 | ||||||
Other undisclosed current assets | 29 | 24 | 23 | 35 | 20 | 22 | 31 | ||
Total current assets: | 575 | 614 | 429 | 409 | 463 | 553 | 422 | ||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 58 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Property, plant and equipment | 200 | 205 | 207 | 187 | 174 | 148 | 135 | ||
Long-term investments and receivables | 116 | 100 | 94 | 93 | 30 | 175 | 249 | ||
Long-term investments | 116 | 100 | 94 | 93 | 30 | 175 | 249 | ||
Intangible assets, net (including goodwill) | 1,156 | 1,151 | 1,229 | 1,285 | 696 | 254 | 105 | ||
Goodwill | 907 | 881 | 907 | 907 | 538 | 216 | 94 | ||
Intangible assets, net (excluding goodwill) | 249 | 271 | 322 | 378 | 158 | 39 | 11 | ||
Restricted cash and investments | 5 | ||||||||
Deferred costs | 48 | 45 | 45 | 42 | 40 | 40 | 3 | ||
Deferred income tax assets | 428 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other noncurrent assets | 35 | 32 | 4 | 10 | 29 | 17 | 44 | ||
Deferred tax assets, net | ✕ | 423 | 346 | 287 | |||||
Other undisclosed noncurrent assets | 422 | 306 | 482 | (2) | (3) | ||||
Total noncurrent assets: | 2,041 | 1,956 | 1,884 | 2,099 | 1,392 | 977 | 825 | ||
TOTAL ASSETS: | 2,616 | 2,570 | 2,312 | 2,508 | 1,855 | 1,530 | 1,247 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 176 | 208 | 188 | 152 | 163 | 130 | 100 | ||
Accounts payable | 53 | 55 | 60 | 43 | 46 | 38 | 28 | ||
Accrued liabilities | 82 | 82 | 64 | 56 | 57 | 41 | 26 | ||
Employee-related liabilities | 40 | 71 | 64 | 54 | 60 | 51 | 47 | ||
Deferred revenue | 33 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Debt | 60 | 28 | 100 | 228 | 5 | 2 | 18 | ||
Disposal group, including discontinued operation | 1 | 12 | |||||||
Deferred revenue and credits | ✕ | ✕ | 40 | 44 | 54 | 40 | 16 | ||
Contract with customer, liability | ✕ | 36 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other liabilities | 14 | 7 | 8 | 32 | 3 | 5 | 0 | ||
Other undisclosed current liabilities | 168 | 168 | 112 | 115 | 100 | 93 | 90 | ||
Total current liabilities: | 450 | 458 | 449 | 572 | 326 | 270 | 224 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 61 | 6 | 7 | 6 | 14 | 16 | 16 | ||
Long-term debt, excluding current maturities | 7 | 6 | 7 | 6 | 14 | 16 | 16 | ||
Operating lease, liability | 54 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liabilities, other than long-term debt | 112 | 113 | 108 | 84 | 64 | 74 | 51 | ||
Deferred revenue and credits | ✕ | ✕ | 16 | ||||||
Accounts payable and accrued liabilities | 16 | ||||||||
Deferred compensation liability, classified | 48 | 45 | 45 | 42 | 40 | 37 | 33 | ||
Deferred income tax liabilities | 14 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other liabilities | 50 | 68 | 64 | 42 | 24 | 21 | 2 | ||
Other undisclosed noncurrent liabilities | 322 | 331 | 255 | 370 | 266 | 209 | 181 | ||
Total noncurrent liabilities: | 494 | 451 | 370 | 460 | 344 | 299 | 248 | ||
Total liabilities: | 945 | 909 | 819 | 1,032 | 670 | 568 | 472 | ||
Temporary equity, carrying amount | 2,104 | 2,523 | 2,920 | 3,139 | 3,137 | 4,080 | 3,245 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent | (434) | (863) | (1,428) | (1,663) | (1,952) | (3,118) | (2,470) | ||
Treasury stock, value | (24) | (87) | (150) | ||||||
Accumulated other comprehensive income (loss) | (0) | (0) | 0 | ||||||
Accumulated deficit | (410) | (776) | (1,278) | (1,663) | (1,952) | (3,118) | (2,470) | ||
Stockholders' equity attributable to noncontrolling interest | (1) | ||||||||
Other undisclosed stockholders' equity | 1 | 1 | 1 | 1 | 0 | 0 | 0 | ||
Total stockholders' equity: | (433) | (862) | (1,427) | (1,662) | (1,951) | (3,118) | (2,470) | ||
TOTAL LIABILITIES AND EQUITY: | 2,616 | 2,570 | 2,312 | 2,508 | 1,855 | 1,530 | 1,247 |
Income statement (P&L) ($ in millions)
12/31/2019 TTM | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 1,016 | 1,218 | 1,661 | 1,455 | 1,163 | 1,464 | 911 | |
Revenue, net | ✕ | ✕ | 1,661 | 1,455 | 1,163 | 1,007 | 911 | |
Financial services revenue | ✕ | ✕ | 457 | |||||
Cost of revenue | (159) | (356) | (798) | (680) | (457) | (397) | (308) | |
Cost of goods and services sold | (798) | (680) | (457) | (397) | (308) | |||
Other undisclosed gross profit | (457) | |||||||
Gross profit: | 857 | 862 | 863 | 775 | 706 | 610 | 603 | |
Operating expenses | (476) | (493) | (501) | (457) | (440) | (344) | (301) | |
Other operating expense, net | (1) | (1) | ||||||
Other expenses | (3) | |||||||
Other undisclosed operating income | 1 | 177 | 1 | |||||
Operating income: | 382 | 369 | 540 | 318 | 266 | 266 | 302 | |
Nonoperating income (expense) | 24 | (0) | (23) | 214 | 19 | 5 | 58 | |
Investment income, nonoperating | 29 | (2) | (5) | (5) | (1) | (0) | 1 | |
Other nonoperating income (expense) | (5) | 3 | ||||||
Interest and debt expense | (4) | (7) | (5) | (3) | ||||
Other undisclosed loss from continuing operations before equity method investments, income taxes | (4) | |||||||
Income from continuing operations before equity method investments, income taxes: | 401 | 364 | 510 | 526 | 282 | 271 | 360 | |
Income from equity method investments | 21 | 17 | ||||||
Other undisclosed income (loss) from continuing operations before income taxes | 4 | 4 | 7 | 5 | 3 | (21) | (17) | |
Income from continuing operations before income taxes: | 405 | 368 | 517 | 531 | 285 | 271 | 360 | |
Income tax expense | (95) | (33) | (259) | (82) | (50) | (36) | (28) | |
Income from continuing operations: | 310 | 335 | 258 | 449 | 235 | 235 | 333 | |
Income (loss) from discontinued operations | 1 | (51) | ||||||
Other undisclosed loss before gain (loss) on sale of properties | (51) | |||||||
Net income: | 261 | 284 | 258 | 449 | 235 | 235 | 333 | |
Net loss attributable to noncontrolling interest | (155) | (175) | (224) | (336) | (194) | (196) | (304) | |
Other undisclosed net income (loss) attributable to parent | (37) | 194 | ||||||
Net income attributable to parent: | 106 | 109 | 33 | 76 | 235 | 39 | 28 | |
Preferred stock dividends and other adjustments | 153 | (118) | 158 | (37) | ||||
Other undisclosed net income available to common stockholders, basic | 37 | |||||||
Net income (loss) available to common stockholders, basic: | 259 | (9) | 191 | 76 | 235 | 39 | 28 | |
Dilutive securities, effect on basic earnings per share | 235 | |||||||
Other undisclosed net loss available to common stockholders, diluted | (1,045) | (4) | (41) | |||||
Net income (loss) available to common stockholders, diluted: | (551) | (9) | 187 | 76 | 194 | 39 | 28 |
Comprehensive Income ($ in millions)
12/31/2019 TTM | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 261 | 284 | 258 | 449 | 235 | 235 | 333 | |
Other undisclosed comprehensive income (loss) | 0 | (0) | (0) | 0 | ||||
Comprehensive income: | 261 | 284 | 258 | 450 | 235 | 235 | 333 | |
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (155) | (175) | (224) | (336) | (193) | (196) | 304 | |
Other undisclosed comprehensive loss, net of tax, attributable to parent | (609) | |||||||
Comprehensive income, net of tax, attributable to parent: | 106 | 109 | 33 | 113 | 42 | 39 | 28 |
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.