Premier, inc. (PINC)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Mar'13Dec'12
Revenues [Abstract]
Net revenue

1,273,073

1,239,463

1,227,446

1,217,638

858,761

982,886

1,086,695

1,184,657

1,241,963

1,196,428

1,143,530

1,066,238

1,352,996

1,271,862

1,205,031

1,162,594

1,127,726

1,090,780

1,048,556

1,007,029

975,942

939,817

899,281

910,549

898,781

879,608

0

0

0

Cost of revenue:
Cost of revenue

392,879

375,792

363,502

355,630

3,677

121,184

233,760

341,997

412,399

386,099

361,586

308,713

615,008

549,853

486,436

457,056

443,355

434,077

416,012

396,910

373,606

351,915

330,120

307,625

282,980

260,032

0

0

0

Gross profit

880,194

863,671

863,944

862,008

855,084

861,702

852,935

842,660

829,564

810,329

781,944

757,525

737,988

722,009

718,595

705,538

684,371

656,703

632,544

610,119

602,336

587,902

569,161

602,924

615,801

619,576

0

0

0

Remeasurement of tax receivable agreement liabilities

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating income

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Selling, general and administrative

434,098

432,145

451,397

438,985

413,501

409,172

412,447

425,251

430,901

430,562

417,869

395,786

417,142

410,372

413,729

408,429

376,720

361,669

347,776

332,004

328,729

315,209

302,944

294,421

269,061

257,170

0

0

0

Research and development

2,104

1,772

1,263

1,224

1,246

1,242

1,274

1,423

1,884

2,347

2,790

3,107

3,193

3,618

3,275

2,925

2,612

2,028

2,320

2,937

3,060

3,284

3,610

3,389

4,503

6,055

0

0

0

Amortization of purchased intangible assets

52,446

52,052

53,352

53,285

50,970

51,298

51,877

52,800

53,277

53,457

50,791

46,100

43,436

38,096

36,216

33,054

26,591

20,451

14,280

9,136

7,545

5,747

3,402

3,100

2,543

2,125

0

0

0

Operating expenses

488,648

485,969

506,012

493,494

465,739

461,715

465,601

479,475

486,063

486,386

471,470

445,015

463,771

452,086

453,220

444,408

405,928

384,107

364,376

344,077

339,291

324,243

309,918

300,872

276,107

265,350

0

0

0

Operating income

391,546

377,702

357,932

368,514

389,345

399,987

564,508

540,359

526,122

506,564

315,921

317,957

279,035

274,741

270,193

265,948

278,443

272,596

268,168

266,042

263,045

263,659

259,243

302,052

339,694

354,226

0

0

0

Remeasurement gain attributable to acquisition of Innovatix, LLC

-

-

-

-

-

-

-

-

-

-

-

-

0

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

14,326

14,156

0

0

0

Investment Income, Net

-9,692

-807

-1,307

-2,471

-3,689

-3,844

-4,493

-5,300

-5,725

-6,506

-5,855

-4,512

-3,066

-1,334

-1,414

-1,021

-632

-143

916

866

895

1,091

990

1,019

922

616

0

0

0

Gain (Loss) on Derivative Instruments, Net, Pretax

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

0

-

Loss on disposal of long-lived assets

-

-

-

-

-

-

-

-2,376

-1,904

-2,624

-2,224

-2,422

-2,243

-1,518

-1,518

0

0

0

0

-

-

-

-

0

51

-1

0

0

0

Other Nonoperating Income (Expense)

0

0

-

-

0

0

-

-16,324

-17,007

-12,154

1,071

614

3,524

1,264

1,123

-1,692

-3,685

-2,942

-3,128

-1,823

0

0

0

-

-

-

-

-

-

Other (expense) income, net

416

23,885

-3,930

-375

3,933

-3,874

-25,665

-22,826

-23,797

-15,423

207,556

213,571

223,482

230,223

24,827

18,934

3,915

2,717

3,554

5,085

21,666

58,390

58,489

58,274

53,149

14,771

0

0

0

Income before income taxes

391,962

401,587

354,002

368,139

393,278

396,113

538,843

517,533

502,325

491,141

523,477

531,528

502,517

504,964

295,020

284,882

282,358

275,313

271,722

271,127

284,711

322,049

317,732

360,326

392,843

368,997

0

0

0

Income tax expense

86,162

93,662

31,762

33,462

27,666

29,254

258,062

259,526

271,404

265,431

71,352

81,924

76,544

78,772

54,017

49,721

65,492

57,975

49,571

36,342

15,355

22,742

32,756

27,709

25,716

18,469

0

0

0

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

305,955

308,008

322,244

334,677

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

367,127

350,528

0

0

0

Net income from continuing operations attributable to noncontrolling interest

169,866

178,946

186,672

200,907

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (income) loss from discontinued operations attributable to noncontrolling interest

-23,370

-24,120

-24,919

-25,948

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest in S2S Global

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,836

2,308

2,586

1,957

949

130

-794

0

0

0

Net income attributable to non-controlling interest in Premier LP

146,496

154,826

161,753

174,959

231,259

240,918

234,772

224,269

207,987

206,373

331,061

336,052

322,019

326,604

195,248

193,547

177,806

181,356

187,290

194,206

227,416

255,773

244,938

303,336

343,315

339,174

0

0

0

Adjustment of redeemable limited partners' capital to redemption amount

-219,751

-152,576

-1,284,438

118,064

174,810

537,243

871,036

-157,581

-177,559

-204,092

-221,440

37,176

-1,758,965

-1,575,062

-1,305,359

-776,750

2,401,653

1,730,182

1,753,493

904,035

-329,471

553,305

-3,124,257

-2,741,600

-3,224,098

-3,719,812

0

0

0

Net income attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

196,042

229,724

258,359

246,895

304,285

343,445

338,380

0

0

0

Net income attributable to stockholders

333,483

258,563

1,396,120

-8,944

-44,847

-414,192

-826,881

190,882

200,366

223,302

342,377

76,249

491,621

872,170

417,512

818,364

0

0

0

-

-

-

-

-

23,682

12,148

0

0

0

Net income (loss) attributable to stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-289,827

594,265

-3,086,164

-2,713,256

-3,200,416

-3,707,664

0

0

0

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

688,799

679,284

672,865

662,462

664,122

661,200

654,848

643,839

630,452

612,755

582,483

557,468

527,404

514,759

506,421

498,394

489,815

476,504

468,446

457,020

448,201

438,329

427,784

464,837

488,128

500,671

0

0

0

Other services and support
Net revenue

362,214

357,734

365,962

371,019

373,869

376,250

368,523

368,491

368,788

369,052

366,150

360,406

351,414

341,047

343,616

337,554

323,241

306,178

286,632

270,748

262,539

251,032

239,155

233,186

222,471

214,287

0

0

0

Services
Net revenue

1,051,013

1,037,018

1,038,827

1,033,481

1,037,991

1,037,450

1,023,371

1,012,330

999,240

981,807

948,633

917,874

878,818

855,806

850,037

835,948

813,056

782,682

755,078

727,768

710,740

689,361

666,939

698,023

710,599

714,958

0

0

0

Cost of revenue

193,234

190,772

186,539

182,375

179,241

179,733

183,799

187,363

188,549

188,831

186,432

182,186

178,804

172,170

167,806

163,240

158,525

153,866

148,650

143,290

134,919

127,275

121,016

115,740

111,913

109,121

0

0

0

Products
Net revenue

222,060

202,445

188,619

184,157

-179,230

-54,564

63,324

172,327

242,723

214,621

194,897

148,364

474,178

416,056

354,994

326,646

314,670

308,098

293,478

279,261

265,202

250,456

232,342

212,526

188,182

164,650

0

0

0

Cost of revenue

199,645

185,020

176,963

173,255

-175,564

-58,549

49,961

154,634

223,850

197,268

175,154

126,527

436,204

377,683

318,630

293,816

284,830

280,211

267,362

253,620

238,687

224,640

209,104

191,885

171,067

150,911

0

0

0