Premier, Inc. PINC Cash Flow

Premier, inc. (PINC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13
Operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
260,228	260,813	273,435	284,079	361,222	363,969	278,927	257,570	230,794	225,583	451,998	449,477	425,973	426,192	241,003	235,161	216,866	217,338	222,151	234,785	269,356	299,307	284,976	332,617	0	0	0
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
-45,727	-47,195	-48,809	-50,598	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
62,423	61,146	4,780	11,878	-419	1,734	230,097	233,282	258,261	247,615	51,896	60,672	49,330	53,088	29,591	25,714	40,908	38,708	27,082	18,294	6,718	8,144	11,768	9,820	0	0	0
Depreciation, Depletion and Amortization
151,486	147,112	144,513	140,164	132,383	129,480	125,890	123,065	120,240	116,956	111,178	104,000	100,682	93,350	89,471	84,156	75,849	68,090	61,023	54,322	50,418	46,525	42,077	39,823	0	0	0
Income (Loss) from Equity Method Investments
12,009	8,120	6,575	5,658	5,291	-201	-388	1,174	526	5,548	9,418	14,745	20,434	26,978	26,636	21,647	22,475	21,045	21,009	21,285	19,617	17,986	17,728	16,976	0	0	0
Stock-based compensation
27,695	26,793	26,614	29,001	24,268	24,832	26,120	28,844	31,902	31,730	29,112	26,097	31,010	35,714	40,923	48,670	44,154	39,676	35,606	28,498	27,487	26,501	25,590	19,476	0	0	0
Remeasurement of tax receivable agreement liabilities
24,584	23,682	-4,674	0	0	0	0	-	-	-	-	5,447	2,954	5,722	15,358	4,818	4,818	3,745	-5,891	0	0	0	0	-	-	0	0
Gain (Loss) on Disposition of Assets
-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Loss on FFF put and call rights
-	-	4,573	-	-	-	25,339	22,036	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable, inventories, prepaid expenses and other assets
72,384	-2,257	-7,045	6,699	40,300	27,831	11,614	13,590	7,869	-14,147	-2,097	-2,726	3,142	22,893	25,230	37,250	22,390	33,933	21,513	18,964	27,519	15,576	27,932	18,924	0	0	0
Contract assets
37,402	7,325	12,041	36,549	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-	-	-	-	-	-	-	12,849	9,715	-2,587	23,955	17,604	14,507	30,709	-1,941	-3,937	-551	2,567	9,409	12,235	10,578	11,561	9,739	8,082	0	0	0
Other assets
-	-	-	-	-	-	-	725	3,330	2,517	812	3,303	-540	-1,489	-1,536	9,638	10,379	8,835	14,150	1,736	1,061	3,683	1,542	1,680	0	0	0
Accounts payable, accrued expenses and other current liabilities
0	0	0	-	0	0	0	-	0	0	-7,952	-	17,781	58,553	44,560	50,313	46,614	37,212	45,856	60,834	30,402	22,445	72,470	45,997	0	0	0
Long-term liabilities
-	-	-	-	-	-	-	6,787	1,697	4,527	-1,293	-860	-4,170	-4,352	-3,592	-4,195	-872	-1,826	3,535	2,791	-1,160	-2,590	-4,020	-3,585	0	0	0
Other operating activities
3,822	5,326	4,942	2,762	600	8	187	6,207	10,128	5,671	5,843	-946	-2,861	516	1,215	1,067	169	1,900	1,380	2,511	3,867	2,877	2,367	1,793	0	0	0
Net cash provided by operating activities from continuing operations
403,386	518,764	546,417	511,938	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities from discontinued operations
-8,763	1,315	1,870	-6,599	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities from continuing operations
394,623	520,079	548,287	505,339	506,108	513,500	497,000	507,706	487,770	460,398	425,453	392,247	374,744	375,107	390,578	371,470	379,420	345,070	340,904	364,058	335,006	323,319	347,203	368,122	0	0	0
Investing activities
Payments to Acquire Property, Plant, and Equipment
92,805	91,044	90,306	93,385	97,071	100,912	100,841	92,425	84,740	75,669	71,052	71,372	74,198	72,433	76,815	76,990	74,354	77,205	73,515	70,734	66,962	62,132	57,801	55,740	0	0	0
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Acquisition of Medpricer.com, Inc., net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Investments in unconsolidated affiliates
10,165	10,165	665	0	0	0	0	-	-	-	-	65,660	65,660	67,910	67,910	3,250	8,250	6,000	6,000	5,000	0	0	0	-	-	-	-
Purchase of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,211	174,731	290,977	380,101	395,302	371,495	393,250	516,096	500,835	0	0	0
Acquisition of Acro Pharmaceuticals, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	62,892	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of assets
26,363	26,363	26,363	22,731	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	48,013	66,785	94,711	126,651	386,372	454,631	534,728	554,862	385,788	375,317	301,064	267,705	148,019	0	0	0
Distributions received on equity investments in unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	6,550	11,600	16,900	23,193	22,093	22,043	20,593	19,300	18,900	18,900	18,900	20,700	15,650	0	0	0
Other investing activities
-11,775	-8,861	5,140	-110	0	0	0	-	-	-	-	-25	-4	-4	456	27	-437	358	47	0	443	-353	-481	0	0	0	0
Net cash used in investing activities
-169,039	-108,532	-128,674	-129,470	-159,805	-160,773	-105,096	-92,680	-83,132	-167,317	-384,896	-465,053	-445,686	-319,330	-69,810	-159,636	-243,847	-297,720	-357,914	-231,873	-220,828	-258,844	-416,475	-397,103	0	0	0
Financing activities
Proceeds from credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150,000	0	0	0	0	-	-	-	0
Payments made on notes payable
2,722	2,721	2,189	676	5	1,144	3,028	8,002	10,147	11,006	10,242	5,486	3,632	2,145	2,031	2,143	2,204	2,055	1,411	1,403	5,222	8,055	8,144	9,297	0	0	0
Proceeds from Lines of Credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,007	1,007	1,600	6,200	6,000	0	0	0
Repayments of Lines of Credit
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments made in connection with the IPO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,822	0	0	0
Proceeds from issuance of PSHI common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	0	0	0
Proceeds from exercise of stock options under equity incentive plan
-	0	13,711	-	-	17,334	12,839	8,019	9,461	9,067	9,503	9,168	4,355	6,224	5,672	3,552	2,951	1,299	1,705	1,508	0	0	0	-	-	-	-
Repurchase of vested restricted units for employee tax-withholding
-	0	9,497	-	-	8,252	7,184	5,965	5,955	5,831	6,011	17,717	25,478	25,446	25,260	7,863	108	150	154	135	97	40	30	11	0	0	0
Distributions to limited partners of Premier LP
52,669	54,268	55,562	57,825	57,903	64,010	69,769	79,255	89,169	91,507	92,892	90,434	92,105	91,876	92,768	92,707	91,377	92,574	92,236	92,212	90,099	83,817	133,771	319,687	0	0	0
Payments to limited partners of Premier LP related to tax receivable agreements
17,400	17,400	17,400	17,975	17,975	17,975	17,975	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of Class A common stock (held as treasury stock)
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-121,362	-410,561	-436,791	-387,200	-358,201	-405,157	-381,602	-419,375	-491,446	-348,959	-64,449	-19,276	68,776	5,705	-274,591	-109,539	-52,825	-19,556	32,323	-117,449	-110,582	-92,918	88,443	-37,529	0	0	0
Net increase (decrease) in cash and cash equivalents
104,222	986	-17,178	-11,331	-11,898	-52,430	10,302	-4,349	-86,808	-55,878	-23,892	-92,082	-2,166	61,482	46,177	102,295	82,748	27,794	15,313	14,736	3,596	-28,443	19,171	-66,510	0	0	0
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
455,879	388,704	-1,284,438	118,064	-489,972	424,275	871,036	-157,581	251,911	-998,236	-345,056	37,176	-1,165,833	21,562	-248,141	-776,750	777,715	77,888	54,577	904,035	329,459	-553,317	3,124,245	2,741,588	0	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
458,393	436,641	654,039	633,783	640,519	525,737	203,682	216,122	228,514	212,423	157,275	157,371	130,864	165,345	307,485	267,681	271,005	228,217	178,330	175,062	0	0	0	-	-	-	-
Decrease in redeemable limited partners' capital for limited partners' distribution payable
6,477	10,309	11,908	13,202	3,586	3,598	9,706	15,465	11,315	21,229	23,566	24,951	65,691	44,858	21,602	22,493	23,777	21,185	22,769	22,432	24,397	28,684	45,042	22,351	0	0	0
Reduction in redeemable limited partners' capital to reduce outstanding receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,009	0	0	0
Distributions utilized to reduce subscriptions, notes, interest and accounts receivable from member owners
277	287	633	1,001	1,427	1,841	1,917	1,972	1,966	1,959	1,983	2,049	2,155	3,107	4,352	5,407	6,435	6,615	5,007	6,506	4,911	3,306	3,153	6,227	0	0	0
Net increase in additional paid-in capital related to departures and quarterly exchanges by member owners and other adjustments
-22,553	23,156	11,888	24,533	-24,332	17,655	6,059	-5,766	5,339	-1,814	17,112	35,141	25,122	43,238	41,129	35,431	35,496	22,606	18,976	18,097	0	0	0	-	-	-	-
Increase in treasury stock related to a payable as a result of applying trade date accounting when recording the repurchase of Class A common stock
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in deferred tax assets related to quarterly exchanges by member owners and other adjustments
66,754	80,401	132,105	131,519	133,267	111,539	64,498	86,788	102,255	112,965	126,586	114,605	97,046	95,973	110,287	94,839	101,913	89,565	81,530	80,115	0	0	0	-	-	-	-
Net increase in tax receivable agreement liability related to quarterly exchanges by member owners and other adjustments
-4,501	57,609	105,937	106,986	108,635	93,884	58,439	92,554	96,915	114,778	109,473	79,463	71,923	52,151	68,681	59,408	59,570	60,695	56,183	55,170	0	0	0	-	-	-	-
Reduction in deferred tax assets related to departed member owners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	312	-	0	0	0	-	-	-	-
Issuance of limited partnership interest for notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,860	0	0	0
Payable to member owners incurred upon repurchase of ownership interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,556	2,888	1,083	904	2,046	2,175	1,644	1,644	1,781	0	0	0
Reduction in tax receivable agreement liability related to departed member owners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,723	-	0	0	0	-	-	-	-
Reduction in prepaid expenses and other current assets for IPO costs capitalized to additional paid-in capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,822	0	0	0