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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10999141152157267387
Cash and cash equivalents10999141152157249147
Short-term investments     18241
Receivables166135189187166148103
Inventory, net of allowances, customer advances and progress billings178715166502933
Inventory178715166502933
Contract with customer, asset239216206
Disposal group, including discontinued operation  3    
Deferred tax assets    8
Other undisclosed current assets93972423352022
Total current assets:786618614429409463553
Noncurrent Assets
Operating lease, right-of-use asset5358
Property, plant and equipment221207205207187174148
Long-term investments and receivables148133100949330175
Long-term investments148133100949330175
Intangible assets, net (including goodwill)1,3381,3591,1511,2291,285696254
Goodwill942942881907907538216
Intangible assets, net (excluding goodwill)39641727132237815839
Deferred costs55494545424040
Deferred income tax assets826430
Other noncurrent assets8494324102917
Deferred tax assets, net   423346
Other undisclosed noncurrent assets  422306482 (2)
Total noncurrent assets:2,7242,3301,9561,8842,0991,392977
TOTAL ASSETS:3,5112,9492,5702,3122,5081,8551,530
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities207182208188152163130
Accounts payable95555560434638
Accrued liabilities53548264565741
Employee-related liabilities59737164546051
Deferred revenue3235
Debt201802810022852
Due to related parties95      
Disposal group, including discontinued operation  12    
Deferred revenue and credits40445440
Contract with customer, liability36
Other liabilities6132783235
Other undisclosed current liabilities10916716811211510093
Total current liabilities:705496458449572326270
Noncurrent Liabilities
Long-term debt and lease obligation48586761416
Long-term debt, excluding current maturities 56761416
Operating lease, liability4853
Liabilities, other than long-term debt496142113108846474
Accounts payable and accrued liabilities      16
Deferred compensation liability, classified55494545424037
Deferred income tax liabilities 18
Due to related parties347      
Other liabilities94766864422421
Other undisclosed noncurrent liabilities89393331255370266209
Total noncurrent liabilities:634593451370460344299
Total liabilities:1,3381,0899098191,032670568
Temporary equity, carrying amount 1,7202,5232,9203,1393,1374,080
Stockholders' equity
Stockholders' equity attributable to parent2,171139(863)(1,428)(1,663)(1,952)(3,118)
Treasury stock, value  (87)(150)   
Additional paid in capital2,030139     
Accumulated other comprehensive loss     (0)(0)
Retained earnings (accumulated deficit)142 (776)(1,278)(1,663)(1,952)(3,118)
Other undisclosed stockholders' equity1111100
Total stockholders' equity:2,172139(862)(1,427)(1,662)(1,951)(3,118)
TOTAL LIABILITIES AND EQUITY:3,5112,9492,5702,3122,5081,8551,530

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues1,4471,3001,2181,6611,4551,1631,464
Revenue, net1,6611,4551,1631,007
Financial services revenue   457
Cost of revenue(606)(433)(356)(798)(680)(457)(397)
Cost of goods and services sold   (798)(680)(457)(397)
Other undisclosed gross profit      (457)
Gross profit:842867862863775706610
Operating expenses(570)(518)(493)(501)(457)(440)(344)
Other operating income (expense), net2625    (1)
Other undisclosed operating income (loss)(2)  177  1
Operating income:296374369540318266266
Nonoperating income (expense)(25)10(0)(23)214195
Investment income, nonoperating(51)(7)(2)(5)(5)(1)(0)
Other nonoperating income1043    
Interest and debt expense  (4)(7)(5)(3) 
Income from continuing operations before equity method investments, income taxes:271384364510526282271
Income from equity method investments      21
Other undisclosed income (loss) from continuing operations before income taxes  4753(21)
Income from continuing operations before income taxes:271384368517531285271
Income tax expense (benefit)83(93)(33)(259)(82)(50)(36)
Income from continuing operations:354291335258449235235
Income (loss) from discontinued operations01(51)    
Net income:354292284258449235235
Net loss attributable to noncontrolling interest(77)(162)(175)(224)(336)(194)(196)
Other undisclosed net income (loss) attributable to parent    (37)194 
Net income attributable to parent:277130109337623539
Preferred stock dividends and other adjustments227468(118)158(37)  
Other undisclosed net income available to common stockholders, basic    37  
Net income (loss) available to common stockholders, basic:505599(9)1917623539
Other undisclosed net loss available to common stockholders, diluted(207)(347) (4) (41) 
Net income (loss) available to common stockholders, diluted:298252(9)1877619439

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:354292284258449235235
Other undisclosed comprehensive income (loss)    0(0)(0)
Comprehensive income:354292284258450235235
Comprehensive loss, net of tax, attributable to noncontrolling interest(77)(162)(175)(224)(336)(193)(196)
Comprehensive income, net of tax, attributable to parent:277130109331134239

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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