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)
Annual | Quarterly

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 investments112141152157267387292
Cash and cash equivalents112141152157249147132
Short-term investments    18241160
Receivables16718918716614810369
Inventory, net of allowances, customer advances and progress billings53516650293321
Inventory53516650293321
Contract with customer, asset215206✕✕✕✕✕
Disposal group, including discontinued operation 3     
Deferred tax assets✕    810
Other undisclosed current assets29242335202231
Total current assets:575614429409463553422
Noncurrent Assets
Operating lease, right-of-use asset58✕✕✕✕✕✕
Property, plant and equipment200205207187174148135
Long-term investments and receivables116100949330175249
Long-term investments116100949330175249
Intangible assets, net (including goodwill)1,1561,1511,2291,285696254105
Goodwill90788190790753821694
Intangible assets, net (excluding goodwill)2492713223781583911
Restricted cash and investments      5
Deferred costs4845454240403
Deferred income tax assets428✕✕✕✕✕✕
Other noncurrent assets3532410291744
Deferred tax assets, net✕   423346287
Other undisclosed noncurrent assets 422306482 (2)(3)
Total noncurrent assets:2,0411,9561,8842,0991,392977825
TOTAL ASSETS:2,6162,5702,3122,5081,8551,5301,247
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities176208188152163130100
Accounts payable53556043463828
Accrued liabilities82826456574126
Employee-related liabilities40716454605147
Deferred revenue33✕✕✕✕✕✕
Debt60281002285218
Disposal group, including discontinued operation112     
Deferred revenue and credits✕✕4044544016
Contract with customer, liability✕36✕✕✕✕✕
Other liabilities147832350
Other undisclosed current liabilities1681681121151009390
Total current liabilities:450458449572326270224
Noncurrent Liabilities
Long-term debt and lease obligation61676141616
Long-term debt, excluding current maturities7676141616
Operating lease, liability54✕✕✕✕✕✕
Liabilities, other than long-term debt11211310884647451
Deferred revenue and credits✕✕    16
Accounts payable and accrued liabilities     16 
Deferred compensation liability, classified48454542403733
Deferred income tax liabilities14✕✕✕✕✕✕
Other liabilities5068644224212
Other undisclosed noncurrent liabilities322331255370266209181
Total noncurrent liabilities:494451370460344299248
Total liabilities:9459098191,032670568472
Temporary equity, carrying amount2,1042,5232,9203,1393,1374,0803,245
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' equity1111000
Total stockholders' equity:(433)(862)(1,427)(1,662)(1,951)(3,118)(2,470)
TOTAL LIABILITIES AND EQUITY:2,6162,5702,3122,5081,8551,5301,247

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues1,0161,2181,6611,4551,1631,464911
Revenue, net✕✕1,6611,4551,1631,007911
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:857862863775706610603
Operating expenses(476)(493)(501)(457)(440)(344)(301)
Other operating expense, net(1)    (1) 
Other expenses(3)      
Other undisclosed operating income1 177  1 
Operating income:382369540318266266302
Nonoperating income (expense)24(0)(23)21419558
Investment income, nonoperating29(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:401364510526282271360
Income from equity method investments     2117
Other undisclosed income (loss) from continuing operations before income taxes44753(21)(17)
Income from continuing operations before income taxes:405368517531285271360
Income tax expense(95)(33)(259)(82)(50)(36)(28)
Income from continuing operations:310335258449235235333
Income (loss) from discontinued operations1(51)     
Other undisclosed loss before gain (loss) on sale of properties(51)      
Net income:261284258449235235333
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:10610933762353928
Preferred stock dividends and other adjustments153(118)158(37)   
Other undisclosed net income available to common stockholders, basic   37   
Net income (loss) available to common stockholders, basic:259(9)191762353928
Dilutive securities, effect on basic earnings per share235      
Other undisclosed net loss available to common stockholders, diluted(1,045) (4) (41)  
Net income (loss) available to common stockholders, diluted:(551)(9)187761943928

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:261284258449235235333
Other undisclosed comprehensive income (loss)   0(0)(0)0
Comprehensive income:261284258450235235333
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:10610933113423928

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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