Premier, Inc. PINC Cash Flow

Premier, inc. (PINC)

CashFlow / Yearly

Jun'19	Jun'18	Jun'17	Jun'16	Jun'15	Jun'14	Jun'13	Jun'12
Operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
284,079	257,570	449,477	235,161	234,785	332,617	375,086	326,668
Adjustments to reconcile net income to net cash provided by operating activities:
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-50,598	-437	-127	-	-	-	-	-
Deferred income taxes
11,878	233,282	60,672	25,714	18,294	9,820	3,258	-2,853
Depreciation, Depletion and Amortization
140,164	123,065	104,000	84,156	54,322	39,823	29,220	25,398
Income (Loss) from Equity Method Investments
5,658	1,174	14,745	21,647	21,285	16,976	11,968	12,122
Loss on investment
-	-	-	-	-1,000	38,372	0	0
Stock-based compensation
29,001	28,844	26,097	48,670	28,498	19,476	0	0
Remeasurement of tax receivable agreement liabilities
0	177,174	5,447	4,818	0	6,215	0	0
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
0	0	205,146	0	0	-	-	-
Loss on disposal of long-lived assets
-6,681	-2,376	-2,422	0	-15,243	0	0	-
Loss on FFF put and call rights
17	22,036	3,935	0	-	-	-	-
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable, inventories, prepaid expenses and other assets
6,699	13,590	-2,726	37,250	18,964	18,924	14,005	11,983
Contract assets
36,549	-	-	-	-	-	-	-
Inventories
-1,603	12,849	17,604	-3,937	12,235	8,082	6,774	4,448
Other assets
6,004	725	3,303	9,638	1,736	1,680	-496	0
Accounts payable, deferred revenue and other current liabilities
17,920	20,138	-12,204	-	-	-	-	-
Accrued expenses
22,202	10,028	-7,899	-	-	-	-	-
Accounts payable, accrued expenses and other current liabilities
-	-	-	50,313	60,834	45,997	3,521	-16,047
Long-term liabilities
-57	6,787	-860	-4,195	2,791	-3,585	-2,680	9,892
Other operating activities
2,762	6,207	-946	1,067	2,511	1,793	2,115	147
Net cash provided by operating activities from continuing operations
511,938	505,258	381,302	-	-	-	-	-
Net cash provided by operating activities from discontinued operations
-6,599	2,448	10,945	-	-	-	-	-
Net cash provided by operating activities from continuing operations
505,339	507,706	392,247	371,470	364,058	368,122	378,269	314,652
Investing activities
Decrease in restricted cash
-	-	-	-	5,000	0	0	-
Payments to Acquire Property, Plant, and Equipment
93,385	92,425	71,372	76,990	70,734	55,740	42,427	37,959
Proceeds from sale of investment in GHX
-	-	-	-	-	38,372	0	0
Acquisition of businesses, net of cash acquired
50,854	0	0	-	-	-	-	-
Acquisition of Medpricer.com, Inc., net of cash acquired
0	0	319,717	-	-	-	-	-
Investments in convertible notes
11,500	0	0	-	-	-	-	-
Cancellation of convertible note
3,624	0	0	-	-	-	-	-
Acquisition of Meddius, L.L.C, net of owner note receivable
-	-	-	-	-	-	0	0
Purchase of non-controlling interest in S2S Global
-	-	-	-	14,518	0	0	-
Investments in unconsolidated affiliates
0	0	65,660	3,250	5,000	0	0	-
Purchase of marketable securities
-	-	-	19,211	395,302	500,835	69,302	121,093
Acquisition of Acro Pharmaceuticals, net of cash acquired
0	0	62,892	-	-	-	-	-
Proceeds from sale of assets
22,731	0	0	-	-	-	-	-
Proceeds from sale of marketable securities
0	0	48,013	386,372	385,788	148,019	115,056	21,716
Distributions received on equity investments in unconsolidated affiliates
0	0	6,550	22,093	18,900	15,650	12,470	11,953
Other investing activities
-110	0	-25	27	0	0	967	814
Net cash used in investing activities from continuing operations
-129,274	-92,425	-465,053	-	-	-	-	-
Net cash used in investing activities from discontinued operations
-196	-255	0	-	-	-	-	-
Net cash used in investing activities
-129,470	-92,680	-465,053	-159,636	-231,873	-397,103	14,830	-126,197
Financing activities
Proceeds from credit facility
50,000	30,000	425,000	150,000	0	60,000	10,000	0
Payments on credit facility
125,000	150,000	205,000	150,000	0	60,000	10,000	-
Payments made on notes payable
676	8,002	5,486	2,143	1,403	9,297	17,761	4,115
Redemption of limited partner of Premier LP
256	0	0	-	-	-	-	-
Proceeds from Lines of Credit
-	-	-	-	1,007	6,000	5,604	706
Repayments of Lines of Credit
-	-	-	-	14,715	0	0	0
Payments made in connection with the origination of the credit facility
-	-	-	-	-	2,511	0	0
Proceeds from issuance of Class A common stock in connection with the IPO, net of underwriting fees and commissions
-	-	-	-	-	821,671	0	0
Payments made in connection with the IPO
-	-	-	-	-	2,822	3,089	0
Purchases of Class B common units from member owners
-	-	-	-	-	543,857	0	0
Proceeds from issuance of PSHI common stock
-	-	-	-	-	300	525	150
Proceeds from notes receivable from partners
-	-	-	-	-	12,685	0	0
Proceeds from exercise of stock options under equity incentive plan
19,429	8,019	9,168	3,552	1,508	0	0	-
Proceeds from issuance of Class A common stock under employee stock purchase plan
2,858	2,619	2,483	2,317	0	0	-	-
Repurchase of vested restricted units for employee tax-withholding
8,134	5,965	17,717	7,863	135	11	0	0
Proceeds from issuance of redeemable limited partnership interest
-	-	-	-	-	-	8,143	0
Distributions to limited partners of Premier LP
57,825	79,255	90,434	92,707	92,212	319,687	329,047	-290,983
Payments to limited partners of Premier LP related to tax receivable agreements
17,975	0	13,959	10,805	11,499	0	0	-
Repurchase of Class A common stock (held as treasury stock)
-	-	-	-	0	-	-	-
Earn-out liability payment to GNYHA Holdings
0	16,662	0	0	-	-	-	-
Final remittance of net income attributable to former S2S Global minority shareholder
-	-	-	1,890	0	0	-	-
Net cash provided by (used in) financing activities
-387,200	-419,375	-19,276	-109,539	-117,449	-37,529	-335,625	-294,242
Net increase (decrease) in cash and cash equivalents
-11,331	-4,349	-92,082	102,295	14,736	-66,510	57,474	-105,787
Supplemental schedule of non-cash investing and financing activities:
Decrease in redeemable limited partners' capital for adjustment to fair value, with offsetting increase in additional paid-in-capital and accumulated deficit
118,064	-157,581	37,176	-776,750	904,035	2,741,588	0	0
Decrease in redeemable limited partners' capital, with offsetting decrease in common stock and additional paid-in capital related to quarterly exchanges by member owners
633,783	216,122	157,371	267,681	175,062	0	0	-
Decrease in redeemable limited partners' capital for limited partners' distribution payable
13,202	15,465	24,951	22,493	22,432	22,351	0	0
Reduction in redeemable limited partners' capital to reduce outstanding receivable
-	-	-	-	-	28,009	301	1,047
Distributions utilized to reduce subscriptions, notes, interest and accounts receivable from member owners
1,001	1,972	2,049	5,407	6,506	6,227	7,668	9,211
Net increase in additional paid-in capital related to departures and quarterly exchanges by member owners and other adjustments
24,533	-5,766	35,141	35,431	18,097	0	0	-
Increase in tax receivable agreement liability related to quarterly exchanges by member owners
-	-	-	-	-	0	0	-
Net increase in deferred tax assets related to quarterly exchanges by member owners and other adjustments
131,519	86,788	114,605	94,839	80,115	0	0	-
Net increase in tax receivable agreement liability related to quarterly exchanges by member owners and other adjustments
106,986	92,554	79,463	59,408	55,170	-	-	-
Net increase in investments in unconsolidated affiliates related to deferred taxes attributed to the net fair value of FFF enterprises, Inc. put and call rights, with offsetting increases in deferred tax assets and deferred tax liabilities
0	0	15,460	0	0	-	-	-
Reduction in deferred tax assets related to departed member owners
-	-	-	-	-	0	0	-
Increase in deferred tax assets related to purchase of non-controlling interest in S2S Global
-	-	-	-	-	0	0	-
Increase in deferred tax assets and additional paid-in capital related to the Reorganization
-	-	-	-	-	282,972	0	0
Reduction in deferred tax assets related to departed member owners
-	-	-	-	-	186,077	0	0
Issuance of limited partnership interest for notes receivable
-	-	-	-	-	7,860	61,859	774
Payable to member owners incurred upon repurchase of ownership interest
1,819	942	416	3,556	2,046	1,781	14,268	3,935
Reduction in tax receivable agreement liability related to departed member owners
-	-	-	-	-	0	0	-
Reduction in prepaid expenses and other current assets for IPO costs capitalized to additional paid-in capital
-	-	-	-	-	2,822	3,089	0
Issuance of common stock for subscriptions receivable
-	-	-	-	-	-	975	75
Common Class B Unit
Settlement of exchange of Class B units by member owners, and Repurchase of Class A common stock
0	0	123,331	-	-	-	-	-
Class A Common Stock
Settlement of exchange of Class B units by member owners, and Repurchase of Class A common stock
250,133	200,129	0	-	-	-	-	-