$PINC
Premier, Inc.

2014 Q1 Form 10-Q Financial Statement

#000157791614000015 Filed on May 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $225.6M $223.7M
YoY Change 0.85%
Cost Of Revenue $81.12M $61.59M
YoY Change 31.71%
Gross Profit $144.5M $162.1M
YoY Change -10.88%
Gross Profit Margin 64.04% 72.47%
Selling, General & Admin $73.33M $59.97M
YoY Change 22.28%
% of Gross Profit 50.75% 36.99%
Research & Development $820.0K $1.789M
YoY Change -54.16%
% of Gross Profit 0.57% 1.1%
Depreciation & Amortization $10.20M $7.174M
YoY Change 42.15% -62.64%
% of Gross Profit 7.06% 4.43%
Operating Expenses $74.95M $62.14M
YoY Change 20.62%
Operating Profit $69.53M $99.97M
YoY Change -30.45%
Interest Expense $41.80M $2.400M
YoY Change 1641.67%
% of Operating Profit 60.12% 2.4%
Other Income/Expense, Net $41.87M $2.431M
YoY Change 1622.25%
Pretax Income $111.4M $102.4M
YoY Change 8.79%
Income Tax $9.413M $1.255M
% Of Pretax Income 8.45% 1.23%
Net Earnings $13.53M $3.926M
YoY Change 244.5%
Net Earnings / Revenue 6.0% 1.76%
Basic Earnings Per Share $15.73 $0.68
Diluted Earnings Per Share $15.64 $0.68
COMMON SHARES
Basic Shares Outstanding 32.38M shares 5.757M shares
Diluted Shares Outstanding 32.56M shares 5.757M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $267.7M $170.3M
YoY Change 57.19%
Cash & Equivalents $152.0M $117.3M
Short-Term Investments $115.6M $53.10M
Other Short-Term Assets $34.30M $34.00M
YoY Change 0.88%
Inventory $19.28M $7.800M
Prepaid Expenses
Receivables $72.31M $52.80M
Other Receivables $1.500M $800.0K
Total Short-Term Assets $395.0M $265.7M
YoY Change 48.67%
LONG-TERM ASSETS
Property, Plant & Equipment $128.5M $109.7M
YoY Change 17.16%
Goodwill $90.29M
YoY Change
Intangibles $9.870M
YoY Change
Long-Term Investments $239.7M $5.600M
YoY Change 4180.36%
Other Assets $39.17M $42.70M
YoY Change -8.28%
Total Long-Term Assets $804.9M $224.2M
YoY Change 258.99%
TOTAL ASSETS
Total Short-Term Assets $395.0M $265.7M
Total Long-Term Assets $804.9M $224.2M
Total Assets $1.200B $489.9M
YoY Change 144.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.81M $55.40M
YoY Change -57.02%
Accrued Expenses $37.06M $37.40M
YoY Change -0.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $25.90M $7.300M
YoY Change 254.79%
Total Short-Term Liabilities $227.7M $119.9M
YoY Change 89.92%
LONG-TERM LIABILITIES
Long-Term Debt $197.9M $244.0M
YoY Change -18.89%
Other Long-Term Liabilities $5.864M $46.90M
YoY Change -87.5%
Total Long-Term Liabilities $5.864M $290.9M
YoY Change -97.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $227.7M $119.9M
Total Long-Term Liabilities $5.864M $290.9M
Total Liabilities $477.7M $409.5M
YoY Change 16.66%
SHAREHOLDERS EQUITY
Retained Earnings -$2.946B
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $723.4M $80.40M
YoY Change
Total Liabilities & Shareholders Equity $1.200B $489.9M
YoY Change 144.92%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $13.53M $3.926M
YoY Change 244.5%
Depreciation, Depletion And Amortization $10.20M $7.174M
YoY Change 42.15% -62.64%
Cash From Operating Activities $90.20M $205.4M
YoY Change -56.09% -15.3%
INVESTING ACTIVITIES
Capital Expenditures $13.82M $8.864M
YoY Change 55.95% -132.12%
Acquisitions
YoY Change
Other Investing Activities -$62.50M $16.60M
YoY Change -476.51% -165.87%
Cash From Investing Activities -$76.30M $1.000M
YoY Change -7730.0% -101.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.80M -136.0M
YoY Change -85.44% -53.54%
NET CHANGE
Cash From Operating Activities 90.20M 205.4M
Cash From Investing Activities -76.30M 1.000M
Cash From Financing Activities -19.80M -136.0M
Net Change In Cash -5.900M 70.40M
YoY Change -108.38% -168.28%
FREE CASH FLOW
Cash From Operating Activities $90.20M $205.4M
Capital Expenditures $13.82M $8.864M
Free Cash Flow $76.38M $196.5M
YoY Change -61.14% -27.24%

Facts In Submission

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9413000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24461000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1255000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6539000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1858000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-8000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
3313000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8377000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1749000 USD
CY2013Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4292000 USD
CY2014Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9870000 USD
CY2014Q1 us-gaap Inventory Net
InventoryNet
19280000 USD
CY2013Q2 us-gaap Inventory Net
InventoryNet
12741000 USD
CY2013Q1 us-gaap Investment Income Net
InvestmentIncomeNet
281000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
599000 USD
CY2014Q1 us-gaap Investment Income Net
InvestmentIncomeNet
400000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
641000 USD
CY2013Q2 us-gaap Liabilities
Liabilities
213513000 USD
CY2014Q1 us-gaap Liabilities
Liabilities
477743000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
186077000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1199871000 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
598916000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
554875000 USD
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
227716000 USD
CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
145148000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6966000 USD
CY2013Q2 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
0.99
CY2014Q1 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
0.78
us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
-298388000 USD
us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
-314907000 USD
us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
72600000 USD
CY2013Q3 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
208300000 USD
CY2014Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
18790000 USD
CY2013Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
22468000 USD
CY2013Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
57323000 USD
CY2014Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
115620000 USD
CY2013Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
0 USD
CY2014Q1 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
239719000 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
18000 USD
CY2013Q2 us-gaap Minority Interest
MinorityInterest
-1754000 USD
CY2014Q1 us-gaap Minority Interest
MinorityInterest
-1277000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-318678000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6693000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-325432000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
32361000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
262745000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
285869000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
13525000 USD
us-gaap Net Income Loss
NetIncomeLoss
19453000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
4229000 USD
us-gaap Net Income Loss
NetIncomeLoss
8173000 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
88455000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
246532000 USD
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
96913000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
263417000 USD
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
477000 USD
CY2013Q1 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-347000 USD
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-1046000 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
530000 USD
CY2014Q1 us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
87925000 USD
us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
246055000 USD
us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
264463000 USD
CY2013Q1 us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
97260000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
8926000 USD
CY2013Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2431000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
50718000 USD
CY2014Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
41868000 USD
CY2013Q2 us-gaap Notes Payable Current
NotesPayableCurrent
12149000 USD
CY2014Q1 us-gaap Notes Payable Current
NotesPayableCurrent
18968000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
62139000 USD
us-gaap Operating Expenses
OperatingExpenses
213968000 USD
us-gaap Operating Expenses
OperatingExpenses
186086000 USD
CY2014Q1 us-gaap Operating Expenses
OperatingExpenses
74949000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
268602000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
99966000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
239728000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
69525000 USD
CY2014Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
39166000 USD
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
31509000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
104000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
74000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-3000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
161000 USD
CY2014Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8519000 USD
CY2013Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1557000 USD
CY2013Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6037000 USD
CY2014Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5864000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
5000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-253000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
4000 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
0 USD
CY2013Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
52447000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
369122000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
40029000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
28690000 USD
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
543857000 USD
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
0 USD
CY2013Q4 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
543857000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27899000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39842000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8864000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13823000 USD
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
25466000 USD
CY2014Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
22974000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5911000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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 Company has reclassified certain prior period amounts to be consistent with the current period presentation.</font></div></div>
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
12706000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
10650000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
9910000 USD
CY2013Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
874118000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
300000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
6000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4250000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
91379000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
71459000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
60000000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
10000000 USD
us-gaap Profit Loss
ProfitLoss
271590000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
101142000 USD
us-gaap Profit Loss
ProfitLoss
265985000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
101980000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
128523000 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
115587000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
60000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10000000 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1789000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7799000 USD
CY2014Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
820000 USD
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000 USD
CY2013Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000 USD
us-gaap Restructuring Charges
RestructuringCharges
3347000 USD
CY2014Q1 us-gaap Restructuring Charges
RestructuringCharges
733000 USD
us-gaap Restructuring Charges
RestructuringCharges
3614000 USD
CY2013Q1 us-gaap Restructuring Charges
RestructuringCharges
1429000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
50599000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2946265000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2401766000 USD
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
37160000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
151022000 USD
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
58692000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
105250000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
225598000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
628689000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
223698000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
675083000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
170268000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
150985000 USD
CY2014Q1 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
58819000 USD
CY2013Q1 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
52203000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
524061000 USD
CY2014Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
166906000 USD
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
186538000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
523439000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
177133000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
59965000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
209096000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
73327000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13118000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
821671000 USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
300000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
646000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
77768000 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2947197000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2430323000 USD
CY2014Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
3669325000 USD
CY2013Q2 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
307635000 USD
CY2013Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
2799121000 USD
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 the Company's consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. Estimates are evaluated on an ongoing basis, including allowances for doubtful accounts, useful lives of property and equipment, stock-based compensation, payables under tax receivable agreements, values of investments not publicly traded, the valuation allowance on deferred tax assets and the fair value of purchased intangible assets and goodwill. 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>
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
181000 shares
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32556000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5757000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23394000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5921000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32375000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23394000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5757000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5921000 shares
CY2013Q4 premierinc Adjustmentsto Additional Paidin Capital Redeemable Limited Partners Capital
AdjustmentstoAdditionalPaidinCapitalRedeemableLimitedPartnersCapital
173700000 USD
premierinc Deferred Tax Expense Benefit Employee Service Sharebased Compensation
DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
-5000000 USD
CY2014Q1 premierinc Deferred Tax Expense Benefit Employee Service Sharebased Compensation
DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
-2400000 USD
CY2013Q4 premierinc Effective Income Tax Rate Estimated
EffectiveIncomeTaxRateEstimated
0.39
CY2014Q1 premierinc Effective Income Tax Rate Estimated
EffectiveIncomeTaxRateEstimated
0.38
premierinc Effective Income Tax Rate Estimated
EffectiveIncomeTaxRateEstimated
0.39
premierinc Increase Decreasein Accounts Payable Accrued Liabilitiesand Other Current Liabilities
IncreaseDecreaseinAccountsPayableAccruedLiabilitiesandOtherCurrentLiabilities
-12706000 USD
premierinc Increase Decreasein Accounts Payable Accrued Liabilitiesand Other Current Liabilities
IncreaseDecreaseinAccountsPayableAccruedLiabilitiesandOtherCurrentLiabilities
51265000 USD
premierinc Increase Decreasein Accounts Receivable Prepaid Expenseand Other Current Assets
IncreaseDecreaseinAccountsReceivablePrepaidExpenseandOtherCurrentAssets
17872000 USD
premierinc Increase Decreasein Accounts Receivable Prepaid Expenseand Other Current Assets
IncreaseDecreaseinAccountsReceivablePrepaidExpenseandOtherCurrentAssets
3961000 USD
premierinc Increasein Deferred Tax Assetsand Additional Paidin Capital Dueto Reorganization
IncreaseinDeferredTaxAssetsandAdditionalPaidinCapitalDuetoReorganization
282972000 USD
premierinc Increasein Deferred Tax Assetsand Additional Paidin Capital Dueto Reorganization
IncreaseinDeferredTaxAssetsandAdditionalPaidinCapitalDuetoReorganization
0 USD
premierinc Increasein Payablesand Decreasein Additional Paidin Capital Relatedto Tax Receivable Agreement
IncreaseinPayablesandDecreaseinAdditionalPaidinCapitalRelatedtoTaxReceivableAgreement
186077000 USD
premierinc Increasein Payablesand Decreasein Additional Paidin Capital Relatedto Tax Receivable Agreement
IncreaseinPayablesandDecreaseinAdditionalPaidinCapitalRelatedtoTaxReceivableAgreement
0 USD
premierinc Issuanceof Common Stockfor Subscriptions Receivable Value
IssuanceofCommonStockforSubscriptionsReceivableValue
375000 USD
premierinc Issuanceof Common Stockfor Subscriptions Receivable Value
IssuanceofCommonStockforSubscriptionsReceivableValue
0 USD
premierinc Issuanceof Limited Partnership Interestfor Notes Receivable
IssuanceofLimitedPartnershipInterestforNotesReceivable
45960000 USD
premierinc Issuanceof Limited Partnership Interestfor Notes Receivable
IssuanceofLimitedPartnershipInterestforNotesReceivable
7860000 USD
premierinc Limited Partners Capital Account Decreasedueto Distribution Payable
LimitedPartnersCapitalAccountDecreaseduetoDistributionPayable
21352000 USD
premierinc Limited Partners Capital Account Decreasedueto Distribution Payable
LimitedPartnersCapitalAccountDecreaseduetoDistributionPayable
0 USD
CY2013Q2 premierinc Limited Partners Capital Account Distribution Payable
LimitedPartnersCapitalAccountDistributionPayable
0 USD
CY2014Q1 premierinc Limited Partners Capital Account Distribution Payable
LimitedPartnersCapitalAccountDistributionPayable
21352000 USD
premierinc Limited Partners Capital Account Required Periodof Distribution
LimitedPartnersCapitalAccountRequiredPeriodofDistribution
P60D
premierinc Net Income Loss Attributableto Parent After Adjustment Of Redeemable Limited Partners Capital To Redemption Amount
NetIncomeLossAttributabletoParentAfterAdjustmentOfRedeemableLimitedPartnersCapitalToRedemptionAmount
8173000 USD
CY2013Q1 premierinc Net Income Loss Attributableto Parent After Adjustment Of Redeemable Limited Partners Capital To Redemption Amount
NetIncomeLossAttributabletoParentAfterAdjustmentOfRedeemableLimitedPartnersCapitalToRedemptionAmount
4229000 USD
premierinc Net Income Loss Attributableto Parent After Adjustment Of Redeemable Limited Partners Capital To Redemption Amount
NetIncomeLossAttributabletoParentAfterAdjustmentOfRedeemableLimitedPartnersCapitalToRedemptionAmount
-3183296000 USD
CY2014Q1 premierinc Net Income Loss Attributableto Parent After Adjustment Of Redeemable Limited Partners Capital To Redemption Amount
NetIncomeLossAttributabletoParentAfterAdjustmentOfRedeemableLimitedPartnersCapitalToRedemptionAmount
530588000 USD
premierinc Noncash Distributions
NoncashDistributions
7669000 USD
premierinc Noncash Distributions
NoncashDistributions
6200000 USD
premierinc Noncontrolling Interest Decreasefrom Redemptionsor Purchaseof Interests Netof Saleof Common Stock
NoncontrollingInterestDecreasefromRedemptionsorPurchaseofInterestsNetofSaleofCommonStock
412857000 USD
CY2013Q4 premierinc Participation Agreements Term
ParticipationAgreementsTerm
P5Y
CY2013Q4 premierinc Payable Pursuantto Tax Receivable Agreement
PayablePursuanttoTaxReceivableAgreement
186100000 USD
CY2014Q1 premierinc Payable Pursuantto Tax Receivable Agreement Current
PayablePursuanttoTaxReceivableAgreementCurrent
6966000 USD
CY2013Q2 premierinc Payable Pursuantto Tax Receivable Agreement Current
PayablePursuanttoTaxReceivableAgreementCurrent
0 USD
CY2013Q4 premierinc Payable Pursuantto Tax Receivable Agreement Current
PayablePursuanttoTaxReceivableAgreementCurrent
6966000 USD
CY2013Q2 premierinc Payable Pursuantto Tax Receivable Agreement Noncurrent
PayablePursuanttoTaxReceivableAgreementNoncurrent
0 USD
CY2014Q1 premierinc Payable Pursuantto Tax Receivable Agreement Noncurrent
PayablePursuanttoTaxReceivableAgreementNoncurrent
179111000 USD
CY2013Q4 premierinc Proceedsfrom Issuance Initial Public Offering Net Expensesand Purchase Of Common Units
ProceedsfromIssuanceInitialPublicOfferingNetExpensesandPurchaseOfCommonUnits
277814000 USD
premierinc Proceedsfrom Issuance Initial Public Offering Netof Expenses
ProceedsfromIssuanceInitialPublicOfferingNetofExpenses
821671000 USD
premierinc Proceedsfrom Issuance Initial Public Offering Netof Expenses
ProceedsfromIssuanceInitialPublicOfferingNetofExpenses
0 USD
CY2013Q4 premierinc Redeemable Limited Partners Capital Account Decrease To Retained Earnings
RedeemableLimitedPartnersCapitalAccountDecreaseToRetainedEarnings
50100000 USD
premierinc Redeemable Limited Partners Capital Account Increase Decrease Due To Adjustmentto Redemption Amount
RedeemableLimitedPartnersCapitalAccountIncreaseDecreaseDueToAdjustmenttoRedemptionAmount
-3202749000 USD
premierinc Payableincurredfor Repurchaseof Ownership Interest
PayableincurredforRepurchaseofOwnershipInterest
14391000 USD
premierinc Paymentsto Acquire Businesses Netof Note Receivable
PaymentstoAcquireBusinessesNetofNoteReceivable
0 USD
premierinc Redeemable Limited Partners Capital Account Increase Decrease Due To Adjustmentto Redemption Amount
RedeemableLimitedPartnersCapitalAccountIncreaseDecreaseDueToAdjustmenttoRedemptionAmount
0 USD
CY2013Q4 premierinc Redeemable Limited Partners Capital Account Increase Decrease Due To Adjustmentto Redemption Amount
RedeemableLimitedPartnersCapitalAccountIncreaseDecreaseDueToAdjustmenttoRedemptionAmount
2575500000 USD
CY2013Q4 premierinc Redeemable Limited Partners Capital Account Increase In Accumulated Deficit
RedeemableLimitedPartnersCapitalAccountIncreaseInAccumulatedDeficit
2351700000 USD
premierinc Reductionin Prepaid Expensesand Other Current Assetsfor Ipo Costs Capitalizedto Additional Paidin Capital
ReductioninPrepaidExpensesandOtherCurrentAssetsforIPOCostsCapitalizedtoAdditionalPaidinCapital
0 USD
premierinc Reductionin Prepaid Expensesand Other Current Assetsfor Ipo Costs Capitalizedto Additional Paidin Capital
ReductioninPrepaidExpensesandOtherCurrentAssetsforIPOCostsCapitalizedtoAdditionalPaidinCapital
5911000 USD
premierinc Reductionin Redeemable Limited Partners Capital Through Noncash Transactions
ReductioninRedeemableLimitedPartnersCapitalThroughNoncashTransactions
28009000 USD
CY2013Q4 premierinc Payable Pursuantto Tax Receivable Agreement Noncurrent
PayablePursuanttoTaxReceivableAgreementNoncurrent
179111000 USD
premierinc Payableincurredfor Repurchaseof Ownership Interest
PayableincurredforRepurchaseofOwnershipInterest
1652000 USD
premierinc Restricted Stock Vested Repurchased During Period Value
RestrictedStockVestedRepurchasedDuringPeriodValue
4000 USD
CY2014Q1 premierinc Revenue Sharing Payable Current
RevenueSharingPayableCurrent
54605000 USD
CY2013Q2 premierinc Revenue Sharing Payable Current
RevenueSharingPayableCurrent
10532000 USD
premierinc Segment Adjusted Earnings Before Interest Taxes Depreciationand Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationandAmortization
299044000 USD
premierinc Segment Adjusted Earnings Before Interest Taxes Depreciationand Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationandAmortization
301233000 USD
CY2014Q1 premierinc Segment Adjusted Earnings Before Interest Taxes Depreciationand Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationandAmortization
91305000 USD
CY2013Q1 premierinc Segment Adjusted Earnings Before Interest Taxes Depreciationand Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationandAmortization
110724000 USD
premierinc Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Weighted Average Option Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsWeightedAverageOptionGrantDateFairValue
11.46
premierinc Tax Receivable Agreement Termof Agreement
TaxReceivableAgreementTermofAgreement
P15Y
CY2013Q4 premierinc Tax Savings Receivablein Connectionwith Tax Receivable Agreement
TaxSavingsReceivableinConnectionwithTaxReceivableAgreement
0.85
premierinc Temporary Equity Common Stock Contributedin Connectionwith Ipo Value
TemporaryEquityCommonStockContributedinConnectionwithIPOValue
76916000 USD
premierinc Temporary Equity Increase Decrease To Redemption Amount
TemporaryEquityIncreaseDecreaseToRedemptionAmount
-3202749000 USD
CY2013Q1 premierinc Temporary Equity Increase Decrease To Redemption Amount
TemporaryEquityIncreaseDecreaseToRedemptionAmount
0 USD
premierinc Temporary Equity Increase Decrease To Redemption Amount
TemporaryEquityIncreaseDecreaseToRedemptionAmount
0 USD
CY2014Q1 premierinc Temporary Equity Increase Decrease To Redemption Amount
TemporaryEquityIncreaseDecreaseToRedemptionAmount
517063000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001577916
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
PREMIER, INC.

Files In Submission

Name View Source Status
0001577916-14-000015-index-headers.html Edgar Link pending
0001577916-14-000015-index.html Edgar Link pending
0001577916-14-000015.txt Edgar Link pending
0001577916-14-000015-xbrl.zip Edgar Link pending
ex311-pincx2014331.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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premierinc-20140331.xml Edgar Link completed
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