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Premier, Inc. (PINC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-K10-Q/A10-Q10-K10-Q/A10-Q10-Q10-K
Net revenue:          
Net revenue  340.4322.2359.6340.7347.8379.2365.1481.5
            Net revenue growth  -0.1%-7.4%-5.2%-29.2%-26.0%-10.3%5.3%40.5%
Cost of revenue:          
Cost of revenue  107.9103.2116.9116.6135.4142.7153.2261.7
    Gross profit  232.5219.1242.7224.1212.5236.5212.0219.8
            Gross margin  68.3%68.0%67.5%65.8%61.1%62.4%58.1%45.7%
   
Operating expenses:          
Selling, general and administrative  185.4143.6140.5158.5143.7146.8127.8143.9
Research and development  1.61.01.01.50.80.81.01.3
Amortization of purchased intangible assets  12.711.913.011.011.221.810.910.9
    Operating expenses  -255.2313.1309.2-282.8311.3328.0279.4-274.0
    Operating income  32.962.688.253.056.878.072.363.7
            Operating margin  9.7%19.4%24.5%15.6%16.3%20.6%19.8%13.2%
Equity in net income of unconsolidated affiliates  1.54.61.76.34.06.17.15.1
Interest expense, net  -2.7-4.3-4.6-2.7-2.8-2.9-2.8-3.2
Other income (expense), net  2.63.02.9-7.5-4.22.4-0.31.8
    Other income (expense), net  1.43.32.9-3.8-7.35.668.1-0.3
    Income before income taxes  34.365.988.149.253.883.6140.361.6
Income tax expense (benefit)  15.317.223.818.514.76.419.010.9
    Net income  18.948.664.430.739.177.2121.350.7
Net loss (income) attributable to non-controlling interest     -2.5   -17.1
Adjustment of redeemable limited partners' capital to redemption amount         -26.7
    Net income attributable to stockholders  21.546.864.029.938.475.5122.049.5
   
Comprehensive income:          
Net income  18.948.664.430.739.177.2121.350.7
   
Comprehensive loss (income) attributable to non-controlling interest          
   
Weighted average shares outstanding:          
Basic (shares)  118.8118.9118.8120.2118.7121.2122.9116.5
Diluted (shares)  119.9119.8119.7121.7119.8122.5124.6117.5
   
Earnings per share attributable to stockholders:          
Basic (usd per share)  $0.18$0.39$0.54$0.26$0.32$0.62$0.99$0.40
Diluted (usd per share)  $0.18$0.39$0.54$0.25$0.32$0.62$0.97$0.39

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