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Premier, Inc. (PINC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Jun-30-22Jun-30-21Jun-30-20Jun-30-19Jun-30-18Jun-30-17Jun-30-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Net revenue:          
Net revenue  1,336.11,432.91,721.21,299.61,217.61,184.71,066.21,162.6
            Net revenue growth  -6.8%-16.7%32.4%6.7%2.8%11.1%-8.3%15.4%
Cost of revenue:          
Cost of revenue  439.8547.9883.8432.8355.6342.0308.7457.1
    Gross profit  896.3885.0837.3866.8862.0842.7757.5705.5
            Gross margin  67.1%61.8%48.6%66.7%70.8%71.1%71.0%60.7%
   
Operating expenses:          
Selling, general and administrative  601.6576.9532.3459.9439.0425.3395.8408.4
Research and development  4.54.23.32.41.21.43.12.9
Amortization of purchased intangible assets  48.143.944.855.553.352.846.133.1
    Operating expenses  654.2625.0580.41,060.1493.51,136.1895.5893.6
    Operating income  242.1260.1256.9373.6368.5540.4318.0265.9
            Operating margin  18.1%18.2%14.9%28.7%30.3%45.6%29.8%22.9%
Equity in net income of unconsolidated affiliates  16.123.521.112.55.71.214.721.6
Interest expense, net  -14.5-11.1-12.0-11.3-2.5-5.3-4.5-1.0
Other income (expense), net  6.3-9.612.04.2-3.53.30.6 
    Other income (expense), net  7.966.85.710.1-3.9-22.8213.618.9
    Income before income taxes  250.0326.9250.6383.7368.1517.5531.5284.9
Income tax expense (benefit)  75.158.6-53.992.633.5259.581.949.7
    Net income  174.9268.3304.6292.2618.8515.6899.1235.2
Net loss (income) attributable to non-controlling interest  0.1-2.5-17.1     
Adjustment of redeemable limited partners' capital to redemption amount    -26.7     
    Net income attributable to stockholders  175.0265.9260.8598.7-8.9190.976.2818.4
   
Comprehensive income:          
Net income  174.9268.3304.6292.2618.8515.6899.1235.2
   
Comprehensive loss (income) attributable to non-controlling interest          
   
Weighted average shares outstanding:          
Basic (shares)  118.8120.2116.567.059.253.549.742.4
Diluted (shares)  119.9121.7117.5123.660.3137.350.4145.3
   
Earnings per share attributable to stockholders:          
Basic (usd per share)  $1.47$2.21$2.24$8.93($0.15)$3.57$1.54$19.32
Diluted (usd per share)  $1.46$2.19$2.22$2.04($0.15)$1.36$1.51$0.97

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