Premier, Inc. PINC Income Statement

Premier, inc. (PINC)

Income statement / Quarterly

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	Mar'13	Dec'12
Revenues [Abstract]
Net revenue
334,823	319,606	302,410	316,234	301,213	307,589	292,602	-42,643	425,338	411,398	390,564	14,663	379,803	358,500	313,272	301,421	298,669	291,669	270,835	266,553	261,723	249,445	229,308	235,466	225,598	208,909	240,576	223,698	206,425
Cost of revenue:
Cost of revenue
103,128	100,241	91,011	98,499	86,041	87,951	83,139	-253,454	203,548	200,527	191,376	-183,052	177,248	176,014	138,503	123,243	112,093	112,597	109,123	109,542	102,815	94,532	90,021	86,238	81,124	72,737	67,526	61,593	58,176
Gross profit
231,695	219,365	211,399	217,735	215,172	219,638	209,463	210,811	221,790	210,871	199,188	197,715	202,555	182,486	174,769	178,178	186,576	179,072	161,712	157,011	158,908	154,913	139,287	149,228	144,474	136,172	173,050	162,105	148,249
Remeasurement of tax receivable agreement liabilities
-	-	-	-	-	-	-	-	0	177,174	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
-	-	-	-	-	-	-	-	0	177,174	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses:
Selling, general and administrative
115,289	86,093	113,929	118,787	113,336	105,345	101,517	93,303	109,007	108,620	114,321	98,953	108,668	95,927	92,238	120,309	101,898	99,284	86,938	88,600	86,847	85,391	71,166	85,325	73,327	73,126	62,643	59,965	61,436
Research and development
628	801	379	296	296	292	340	318	292	324	489	779	755	767	806	865	1,180	424	456	552	596	716	1,073	675	820	1,042	852	1,789	2,372
Amortization of purchased intangible assets
13,966	11,938	13,044	13,498	13,572	13,238	12,977	11,183	13,900	13,817	13,900	11,660	14,080	11,151	9,209	8,996	8,740	9,271	6,047	2,533	2,600	3,100	903	942	802	755	601	385	384
Operating expenses
129,883	98,832	127,352	132,581	127,204	118,875	114,834	104,826	123,180	122,761	128,708	111,414	123,503	107,845	102,253	130,170	111,818	108,979	93,441	91,690	89,997	89,248	73,142	86,904	74,949	74,923	64,096	62,139	64,192
Operating income
101,812	120,533	84,047	85,154	87,968	100,763	94,629	105,985	98,610	265,284	70,480	91,748	79,052	74,641	72,516	52,826	74,758	70,093	68,271	65,321	68,911	65,665	66,145	62,324	69,525	61,249	108,954	99,966	84,057
Remeasurement gain attributable to acquisition of Innovatix, LLC
-	-	-	-	-	-	-	-	-	-	-	-	0	204,833	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
4,442	2,989	3,607	971	553	1,444	2,690	604	-4,939	1,257	4,252	-44	83	5,127	9,579	5,645	6,627	4,785	4,590	6,473	5,197	4,749	4,866	4,805	3,566	4,491	4,114	2,155	3,396
Investment Income, Net
-9,966	-359	476	157	-1,081	-859	-688	-1,061	-1,236	-1,508	-1,495	-1,486	-2,017	-857	-152	-40	-285	-937	241	349	204	122	191	378	400	21	220	281	94
Gain (Loss) on Derivative Instruments, Net, Pretax
-13,906	30,222	-	-	-4,109	10,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-	-	7,577	-	-	-	1,941	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	-	-	-	37,850	-	-	0	-
Loss on disposal of long-lived assets
-	-	-	-	-	-	-	-651	-5	-400	-1,320	-179	-725	0	-1,518	0	0	0	0	-	-	-	-	-56	52	0	4	-5	0
Other Nonoperating Income (Expense)
-5,005	2,747	-	-	3,671	-3,651	-	-1,838	-2,593	-13,356	1,463	-2,521	2,260	-131	1,006	389	0	-272	-1,809	-1,604	743	-458	-504	-	-	-	-	-	-
Other (expense) income, net
-24,435	35,599	-3,494	-7,254	-966	7,784	61	-2,946	-8,773	-14,007	2,900	-3,917	-399	208,972	8,915	5,994	6,342	3,576	3,022	-9,025	5,144	4,413	4,553	7,556	41,868	4,512	4,338	2,431	3,490
Income before income taxes
77,377	156,132	80,553	77,900	87,002	108,547	94,690	103,039	89,837	251,277	73,380	87,831	78,653	283,613	81,431	58,820	81,100	73,669	71,293	56,296	74,055	70,078	70,698	69,880	111,393	65,761	113,292	102,397	87,547
Income tax expense
4,200	64,600	9,600	7,762	11,700	2,700	11,300	1,966	13,288	231,508	12,764	13,844	7,315	37,429	23,336	8,464	9,543	12,674	19,040	24,235	2,026	4,270	5,811	3,248	9,413	14,284	764	1,255	2,166
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
73,212	91,575	70,939	70,229	75,265	105,811	83,372	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
5	614	390	-46,736	-1,463	-1,000	-1,399	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
73,217	92,189	71,329	23,493	73,802	104,811	81,973	100,636	76,549	19,769	60,616	73,860	71,338	246,184	58,095	50,356	71,557	60,995	52,253	32,061	72,029	65,808	64,887	66,632	101,980	51,477	112,528	101,142	85,381
Net income from continuing operations attributable to noncontrolling interest
35,055	55,424	41,710	37,677	44,135	63,150	55,945	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (income) loss from discontinued operations attributable to noncontrolling interest
3	280	197	-23,850	-747	-519	-832	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interest in S2S Global
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	252	786	798	472	530	157	-210	-347	-394
Net income attributable to non-controlling interest in Premier LP
35,058	55,704	41,907	13,827	43,388	62,631	55,113	70,127	53,047	56,485	44,610	53,845	51,433	181,173	49,601	39,812	56,018	49,817	47,900	24,071	59,568	55,751	54,816	57,281	87,925	44,916	113,214	97,260	83,784
Adjustment of redeemable limited partners' capital to redemption amount
-302,569	480,153	-694,309	296,974	-235,394	-651,709	708,193	353,720	127,039	-317,916	-320,424	333,742	100,506	-335,264	-61,808	-1,462,399	284,409	-65,561	466,801	1,716,004	-387,062	-42,250	-382,657	482,498	495,714	-3,719,812	0	0	0
Net income attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,071	59,820	56,537	55,614	57,753	88,455	45,073	113,004	96,913	83,390
Net income attributable to stockholders
340,728	-443,668	723,731	-287,308	265,808	693,889	-681,333	-323,211	-103,537	281,200	336,430	-313,727	-80,601	400,275	70,302	101,645	299,948	-54,383	471,154	-	-	-	-	-	13,525	6,404	-476	4,229	1,991
Net income (loss) attributable to stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-374,853	-32,979	-373,384	491,389	509,239	-3,713,408	-476	4,229	1,991
Weighted average shares outstanding:
Basic (in shares)
69,451	64,552	62,785	61,635	62,020	59,876	53,221	52,425	53,529	55,209	52,909	51,432	50,525	49,445	47,214	45,446	44,716	41,575	37,735	37,443	37,316	35,589	32,376	32,155	32,375	32,375	5,627	5,757	6,040
Diluted (in shares)
122,470	64,552	126,632	-74,889	129,072	133,672	53,221	216,548	53,529	139,237	140,046	-133,299	50,525	141,308	142,962	249,079	145,018	41,575	145,560	37,443	37,316	35,589	32,376	31,974	32,556	32,375	5,627	5,757	6,040
Earnings per share attributable to stockholders:
Basic (loss) earnings per share:
Basic (loss) earnings per share from continuing operations (in usd per share)
4.91	-6.88	11.53	-2.84	4.30	11.60	-12.79	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (loss) earnings per share from discontinued operations (in usd per share)
0.00	0.01	0.00	-	-0.01	-0.01	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (loss) earnings per share attributable to stockholders (in usd per share)
4.91	-6.87	11.53	-3.23	4.29	11.59	-12.80	-5.95	-1.93	5.09	6.36	-6.45	-1.60	8.10	1.49	1.43	6.71	-1.31	12.49	-1.74	-10.05	-0.93	-11.53	-6.80	15.73	-114.70	-0.08	0.73	0.33
Diluted (loss) earnings per share:
Diluted (loss) earnings per share from continuing operations (in usd per share)
0.54	-6.88	0.49	11.87	0.49	0.70	-12.79	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (loss) earnings per share from discontinued operations (in usd per share)
0.00	0.01	0.00	-	-0.01	-0.01	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (loss) earnings per share attributable to stockholders (in usd per share)
0.54	-6.87	0.49	11.48	0.48	0.69	-12.80	2.93	-1.93	0.06	0.30	1.35	-1.60	1.50	0.26	1.61	0.43	-1.31	0.24	-1.74	-10.05	-0.93	-11.53	-6.71	15.64	-114.70	-0.08	0.73	0.33
Net administrative fees
Net revenue
174,049	172,114	172,403	170,233	164,534	165,695	162,000	171,893	161,612	159,343	150,991	158,506	143,915	129,071	125,976	128,442	131,270	120,733	117,949	119,863	117,959	112,675	106,523	111,044	108,087	102,130	143,576	134,335	120,630
Other services and support
Net revenue
99,591	89,452	81,886	91,285	95,111	97,680	86,943	94,135	97,492	89,953	86,911	94,432	97,756	87,051	81,167	85,440	87,389	89,620	75,105	71,127	70,326	70,074	59,221	62,918	58,819	58,197	53,252	52,203	50,635
Services
Net revenue
273,640	261,566	254,289	261,518	259,645	263,375	248,943	266,028	259,104	249,296	237,902	252,938	241,671	216,122	207,143	213,882	218,659	210,353	193,054	190,990	188,285	182,749	165,744	173,962	166,906	160,327	196,828	186,538	171,265
Cost of revenue
49,007	47,422	47,536	49,269	46,545	43,189	43,372	46,135	47,037	47,255	46,936	47,321	47,319	44,856	42,690	43,939	40,685	40,492	38,124	39,224	36,026	35,276	32,764	30,853	28,382	29,017	27,488	27,026	25,590
Products
Net revenue
61,183	58,040	48,121	54,716	41,568	44,214	43,659	-308,671	166,234	162,102	152,662	-238,275	138,132	142,378	106,129	87,539	80,010	81,316	77,781	75,563	73,438	66,696	63,564	61,504	58,692	48,582	43,748	37,160	35,160
Cost of revenue
54,121	52,819	43,475	49,230	39,496	44,762	39,767	-299,589	156,511	153,272	144,440	-230,373	129,929	131,158	95,813	79,304	71,408	72,105	70,999	70,318	66,789	59,256	57,257	55,385	52,742	43,720	40,038	34,567	32,586