2013 Q3 Form 10-Q Financial Statement
#000157791613000006 Filed on November 12, 2013
Income Statement
| Concept | 2013 Q3 | 2013 Q2 |
|---|---|---|
| Revenue | $240.6M | $240.6M |
| YoY Change | 21.16% | 26.37% |
| Cost Of Revenue | $67.53M | $63.40M |
| YoY Change | 24.59% | 23.59% |
| Gross Profit | $173.1M | $177.2M |
| YoY Change | 19.9% | 27.29% |
| Gross Profit Margin | 71.93% | 73.64% |
| Selling, General & Admin | $62.64M | $71.20M |
| YoY Change | 12.46% | 3.64% |
| % of Gross Profit | 36.2% | 40.18% |
| Research & Development | $852.0K | $1.600M |
| YoY Change | -76.33% | -42.86% |
| % of Gross Profit | 0.49% | 0.9% |
| Depreciation & Amortization | $8.957M | $8.200M |
| YoY Change | 31.72% | 32.26% |
| % of Gross Profit | 5.18% | 4.63% |
| Operating Expenses | $64.10M | $73.10M |
| YoY Change | 7.18% | 1.67% |
| Operating Profit | $109.0M | $104.1M |
| YoY Change | 28.89% | 54.66% |
| Interest Expense | $4.300M | $4.000M |
| YoY Change | 43.33% | 2.56% |
| % of Operating Profit | 3.95% | 3.84% |
| Other Income/Expense, Net | $4.338M | -$800.0K |
| YoY Change | 300.0% | |
| Pretax Income | $113.3M | $107.3M |
| YoY Change | 29.33% | 51.13% |
| Income Tax | $764.0K | $3.800M |
| % Of Pretax Income | 0.67% | 3.54% |
| Net Earnings | -$476.0K | -$797.0K |
| YoY Change | -121.1% | -146.88% |
| Net Earnings / Revenue | -0.2% | -0.33% |
| Basic Earnings Per Share | -$0.08 | -$0.14 |
| Diluted Earnings Per Share | -$0.08 | -$0.14 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 5.627M shares | 5.733M shares |
| Diluted Shares Outstanding | 5.627M shares | 5.733M shares |
Balance Sheet
| Concept | 2013 Q3 | 2013 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $132.9M | $255.6M |
| YoY Change | ||
| Cash & Equivalents | $75.35M | $198.3M |
| Short-Term Investments | $57.50M | $57.30M |
| Other Short-Term Assets | $42.30M | $35.40M |
| YoY Change | ||
| Inventory | $13.00M | $12.74M |
| Prepaid Expenses | ||
| Receivables | $62.00M | $60.60M |
| Other Receivables | $800.0K | $1.700M |
| Total Short-Term Assets | $250.9M | $366.0M |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $119.5M | $115.6M |
| YoY Change | ||
| Goodwill | $61.41M | |
| YoY Change | ||
| Intangibles | $4.292M | |
| YoY Change | ||
| Long-Term Investments | $10.80M | $6.700M |
| YoY Change | ||
| Other Assets | $126.8K | $31.51M |
| YoY Change | ||
| Total Long-Term Assets | -$250.8M | $232.9M |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $250.9M | $366.0M |
| Total Long-Term Assets | -$250.8M | $232.9M |
| Total Assets | $126.8K | $598.9M |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $16.90M | $21.79M |
| YoY Change | ||
| Accrued Expenses | $47.90M | $28.88M |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $67.40M | $12.10M |
| YoY Change | ||
| Total Short-Term Liabilities | $157.2M | $145.1M |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $238.9M | $22.50M |
| YoY Change | ||
| Other Long-Term Liabilities | $48.90M | $6.037M |
| YoY Change | ||
| Total Long-Term Liabilities | $287.8M | $6.037M |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $157.2M | $145.1M |
| Total Long-Term Liabilities | $287.8M | $6.037M |
| Total Liabilities | $443.0M | $213.5M |
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$198.3K | $50.60M |
| YoY Change | ||
| Common Stock | $57.00K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $126.8K | $1.00 |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $521.8M | $598.9M |
| YoY Change |
Cashflow Statement
| Concept | 2013 Q3 | 2013 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$476.0K | -$797.0K |
| YoY Change | -121.1% | -146.88% |
| Depreciation, Depletion And Amortization | $8.957M | $8.200M |
| YoY Change | 31.72% | 32.26% |
| Cash From Operating Activities | $66.79M | $115.6M |
| YoY Change | 16.57% | 60.11% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $12.30M | -$14.50M |
| YoY Change | -199.99% | 39.42% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | -$3.000M |
| YoY Change | -100.0% | -95.24% |
| Cash From Investing Activities | -$41.22M | -$17.60M |
| YoY Change | -231.26% | -75.99% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $300.0K | |
| YoY Change | ||
| Debt Paid & Issued, Net | $1.475M | |
| YoY Change | ||
| Cash From Financing Activities | -$148.5M | -16.90M |
| YoY Change | -18.71% | 1026.67% |
| NET CHANGE | ||
| Cash From Operating Activities | $66.79M | 115.6M |
| Cash From Investing Activities | -$41.22M | -17.60M |
| Cash From Financing Activities | -$148.5M | -16.90M |
| Net Change In Cash | -$122.9M | 81.10M |
| YoY Change | 30.79% | -3219.23% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $66.79M | $115.6M |
| Capital Expenditures | $12.30M | -$14.50M |
| Free Cash Flow | $54.49M | $130.1M |
| YoY Change | -21.71% | 57.51% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| CY2013Q3 | us-gaap |
Assets
Assets
|
126777 | USD |
| CY2013Q2 | us-gaap |
Assets
Assets
|
1 | USD |
| CY2013Q3 | us-gaap |
Cash
Cash
|
1 | USD |
| CY2013Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
0 | USD |
| CY2013Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
325066 | USD |
| CY2013Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
300000 | USD |
| CY2013Q2 | us-gaap |
Cash
Cash
|
1 | USD |
| CY2013Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1 | USD |
| CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1 | USD |
| CY2013Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1982.90 | |
| CY2013Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
64800000 | USD |
| CY2013Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y9M | |
| CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-325066 | USD |
| CY2013Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-126776 | USD |
| CY2013Q3 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
126776 | USD |
| CY2013Q3 | us-gaap |
Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
|
11800000 | USD |
| CY2013Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
0 | USD |
| CY2013Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
0 | USD |
| CY2013Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
126776 | USD |
| CY2013Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2013Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2013Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
| CY2013Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
| CY2013Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2013Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2013Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2013Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2013Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2013Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2013Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-198290 | USD |
| CY2013Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
0 | USD |
| CY2013Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-198290 | USD |
| CY2013Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
325066 | USD |
| CY2013Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
325066 | USD |
| CY2013Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
126777 | USD |
| CY2013Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1 | USD |
| CY2013Q3 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of Premier, Inc.'s financial statements requires management to make estimates and judgments that affect the reported amounts of assets and expenses and related disclosure of contingent assets and liabilities. Estimates are evaluated on an ongoing basis. These estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.</font></div></div> | |
| CY2013Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
| CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
100 | shares |
| CY2013Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
100 | shares |
| CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
100 | shares |
| CY2013Q3 | premierinc |
Effective Income Tax Rate Estimated
EffectiveIncomeTaxRateEstimated
|
0.39 | |
| CY2013Q3 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2013Q3 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | |
| CY2013Q3 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2013Q3 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
| CY2013Q3 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-09-30 | |
| CY2013Q3 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2013Q3 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001577916 | |
| CY2013Q3 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2013Q3 | dei |
Entity Registrant Name
EntityRegistrantName
|
PREMIER, INC. |
