$PINC
Premier, Inc.

2022 Q4 Form 10-Q Financial Statement

#000157791622000013 Filed on November 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q2
Revenue $359.6M $313.9M $340.7M
YoY Change -5.17% -14.04% -29.24%
Cost Of Revenue $116.9M $111.9M $116.6M
YoY Change -18.1% -26.95% -55.43%
Gross Profit $242.7M $202.0M $224.1M
YoY Change 2.64% -4.71% 1.93%
Gross Profit Margin 67.5% 64.35% 65.77%
Selling, General & Admin $140.5M $132.1M $158.5M
YoY Change -4.3% 3.31% 10.2%
% of Gross Profit 57.89% 65.38% 70.75%
Research & Development $1.000M $975.0K $1.485M
YoY Change 18.2% -1.91% 12.08%
% of Gross Profit 0.41% 0.48% 0.66%
Depreciation & Amortization $34.49M $33.89M $33.34M
YoY Change 8.72% 7.64% 6.66%
% of Gross Profit 14.21% 16.78% 14.88%
Operating Expenses $154.6M $143.5M $171.1M
YoY Change -2.5% 2.71% 9.61%
Operating Profit $88.17M $58.51M $53.01M
YoY Change 13.09% -19.05% -16.85%
Interest Expense -$2.957M $5.384M $3.663M
YoY Change -191.18% -92.13% -193.85%
% of Operating Profit -3.35% 9.2% 6.91%
Other Income/Expense, Net -$27.00K $3.220M -$7.470M
YoY Change -100.48% -95.27% -515.0%
Pretax Income $88.14M $61.73M $49.20M
YoY Change 5.43% -56.02% -20.19%
Income Tax $23.80M $18.80M $18.49M
% Of Pretax Income 27.0% 30.46% 37.58%
Net Earnings $64.37M $42.96M $30.71M
YoY Change -16.65% -64.59% -39.44%
Net Earnings / Revenue 17.9% 13.69% 9.01%
Basic Earnings Per Share $0.54 $0.36 $0.25
Diluted Earnings Per Share $0.54 $0.36 $0.25
COMMON SHARES
Basic Shares Outstanding 118.8M shares 118.1M shares 118.0M shares
Diluted Shares Outstanding 119.7M shares 120.0M shares 119.8M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.62M $176.6M $86.14M
YoY Change 9.82% -4.22% -33.3%
Cash & Equivalents $94.62M $176.6M $86.14M
Short-Term Investments
Other Short-Term Assets $57.88M $55.66M $65.58M
YoY Change -12.96% -18.3% -3.63%
Inventory $116.4M $123.9M $119.7M
Prepaid Expenses
Receivables $120.9M $105.2M $114.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $674.0M $739.0M $645.6M
YoY Change -7.44% -11.26% -17.48%
LONG-TERM ASSETS
Property, Plant & Equipment $207.0M $208.9M $213.4M
YoY Change -8.17% -7.73% -4.86%
Goodwill $1.069B $999.9M $999.9M
YoY Change 6.94% 0.0% 0.0%
Intangibles $452.8M $346.1M $356.6M
YoY Change 20.79% -10.27% -10.1%
Long-Term Investments $217.1M $215.4M $215.5M
YoY Change 12.84% 15.65% 40.67%
Other Assets $117.0M $109.0M $114.2M
YoY Change 73.44% 51.93% 48.35%
Total Long-Term Assets $2.865B $2.681B $2.712B
YoY Change 5.22% -1.95% -1.06%
TOTAL ASSETS
Total Short-Term Assets $674.0M $739.0M $645.6M
Total Long-Term Assets $2.865B $2.681B $2.712B
Total Assets $3.539B $3.420B $3.357B
YoY Change 2.55% -4.13% -4.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $61.42M $59.80M $44.63M
YoY Change -12.89% -33.21% -47.75%
Accrued Expenses $49.35M $39.34M $40.97M
YoY Change -8.15% -7.52% -14.91%
Deferred Revenue $26.96M $28.29M $30.46M
YoY Change -19.19% -14.83% -10.56%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.7M $350.5M $250.9M
YoY Change 78.17% 28.94% 43.97%
Total Short-Term Liabilities $934.0M $838.0M $753.1M
YoY Change 29.19% 10.69% 5.07%
LONG-TERM LIABILITIES
Long-Term Debt $152.6M $177.5M $203.5M
YoY Change -39.7% -36.63% -33.14%
Other Long-Term Liabilities $45.58M $42.13M $42.57M
YoY Change 4.49% -14.14% -62.12%
Total Long-Term Liabilities $198.2M $219.6M $246.0M
YoY Change -33.2% -33.28% -40.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $934.0M $838.0M $753.1M
Total Long-Term Liabilities $198.2M $219.6M $246.0M
Total Liabilities $1.233B $1.158B $1.108B
YoY Change 5.17% -6.5% -14.29%
SHAREHOLDERS EQUITY
Retained Earnings $388.1M $349.3M $331.7M
YoY Change 22.07% 31.02% 95.72%
Common Stock $1.253M $1.252M $1.245M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $250.1M $250.1M $250.1M
YoY Change 42.1% 486.77%
Treasury Stock Shares 6.429M shares 6.429M shares 6.429M shares
Shareholders Equity $2.306B $2.261B $2.249B
YoY Change
Total Liabilities & Shareholders Equity $3.539B $3.420B $3.357B
YoY Change 2.55% -4.13% -4.71%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q2
OPERATING ACTIVITIES
Net Income $64.37M $42.96M $30.71M
YoY Change -16.65% -64.59% -39.44%
Depreciation, Depletion And Amortization $34.49M $33.89M $33.34M
YoY Change 8.72% 7.64% 6.66%
Cash From Operating Activities $122.0M $74.75M $109.4M
YoY Change -14.31% 35.45% -49.1%
INVESTING ACTIVITIES
Capital Expenditures $19.49M $18.93M -$26.38M
YoY Change -9.83% -10.07% 20.04%
Acquisitions
YoY Change
Other Investing Activities -$187.8M $1.300M $0.00
YoY Change -100.0%
Cash From Investing Activities -$207.2M -$20.23M -$26.38M
YoY Change 858.98% -57.0% 4.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $26.39M
YoY Change -1.14%
Cash From Financing Activities 3.254M $35.98M -176.4M
YoY Change -101.49% -23.69% -8.68%
NET CHANGE
Cash From Operating Activities 122.0M $74.75M 109.4M
Cash From Investing Activities -207.2M -$20.23M -26.38M
Cash From Financing Activities 3.254M $35.98M -176.4M
Net Change In Cash -82.01M $90.49M -93.35M
YoY Change -16.54% 63.69% 2595.76%
FREE CASH FLOW
Cash From Operating Activities $122.0M $74.75M $109.4M
Capital Expenditures $19.49M $18.93M -$26.38M
Free Cash Flow $102.5M $55.82M $135.8M
YoY Change -15.11% 63.52% -42.68%

Facts In Submission

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-10000 usd
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
0 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42706000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
122004000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118351000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122945000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120033000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124573000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2248850000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
644000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7136000 usd
CY2022Q3 pinc Restricted Stock Vested Repurchased During Period Value
RestrictedStockVestedRepurchasedDuringPeriodValue
13089000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
42959000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2022Q3 pinc Adjustments To Additional Paid In Capital Change In Ownership Of Consolidated Entity
AdjustmentsToAdditionalPaidInCapitalChangeInOwnershipOfConsolidatedEntity
26000 usd
CY2022Q3 us-gaap Dividends
Dividends
25097000 usd
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-10000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2261419000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2229893000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
22864000 usd
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
42628000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7554000 usd
CY2021Q3 pinc Restricted Stock Vested Repurchased During Period Value
RestrictedStockVestedRepurchasedDuringPeriodValue
9171000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
121306000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2021Q3 us-gaap Dividends
Dividends
24877000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
23145000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2328086000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
42959000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
121306000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33891000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
31485000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8243000 usd
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7058000 usd
CY2022Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2156000 usd
CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
18700000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
7136000 usd
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
7554000 usd
CY2022Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 usd
CY2021Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
64110000 usd
CY2022Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-10035000 usd
CY2021Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-518000 usd
CY2022Q3 pinc Increase Decrease In Accounts Receivable Prepaid Expense And Other Current Assets
IncreaseDecreaseInAccountsReceivablePrepaidExpenseAndOtherCurrentAssets
-22495000 usd
CY2021Q3 pinc Increase Decrease In Accounts Receivable Prepaid Expense And Other Current Assets
IncreaseDecreaseInAccountsReceivablePrepaidExpenseAndOtherCurrentAssets
-22682000 usd
CY2022Q3 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
11856000 usd
CY2021Q3 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
5876000 usd
CY2022Q3 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-23822000 usd
CY2021Q3 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-70014000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
74751000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
55187000 usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18930000 usd
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21050000 usd
CY2022Q3 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
0 usd
CY2021Q3 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
26000000 usd
CY2022Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1300000 usd
CY2021Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20230000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47050000 usd
CY2022Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
26387000 usd
CY2021Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
26692000 usd
CY2022Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 usd
CY2021Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
175000000 usd
CY2022Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2021Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
75000000 usd
CY2022Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
644000 usd
CY2021Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
22864000 usd
CY2022Q3 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
25218000 usd
CY2021Q3 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
24852000 usd
CY2022Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
38151000 usd
CY2022Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-13063000 usd
CY2021Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
13974000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35976000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
47143000 usd
CY2022Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-10000 usd
CY2021Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
0 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
90487000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
55280000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
86143000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
129141000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
176630000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
184421000 usd
CY2022Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q3 pinc Increase Decrease In Treasury Stock Trade Date Accounting Applied At Stock Repurchase
IncreaseDecreaseInTreasuryStockTradeDateAccountingAppliedAtStockRepurchase
0 usd
CY2021Q3 pinc Increase Decrease In Treasury Stock Trade Date Accounting Applied At Stock Repurchase
IncreaseDecreaseInTreasuryStockTradeDateAccountingAppliedAtStockRepurchase
4477000 usd
CY2022Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
CY2021Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1628000 usd
CY2022Q3 pinc Cumulative Dividend Equivalents
CumulativeDividendEquivalents
156000 usd
CY2021Q3 pinc Cumulative Dividend Equivalents
CumulativeDividendEquivalents
149000 usd
CY2022Q3 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates in the Preparation of Financial StatementsThe preparation of the Company’s condensed consolidated financial statements in accordance with GAAP 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. Significant estimates are evaluated on an ongoing basis, including, but not limited to, estimates for net administrative fees revenue, software licenses, other services and support revenue, contract assets, deferred revenue, contract costs, allowances for credit losses, reserves for net realizable value of inventory, obsolete inventory, useful lives of property and equipment, stock-based compensation, deferred tax balances including valuation allowances on deferred tax assets, uncertain tax positions, values of investments not publicly traded, projected future cash flows used in the evaluation of asset impairments, values of call rights, values of earn-out liabilities and the allocation of purchase prices. 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.
CY2022Q3 us-gaap Equity Method Investments
EquityMethodInvestments
215436000 usd
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
215545000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8243000 usd
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7058000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
22789000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
428000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
22361000 usd
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
88359000 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
-64110000 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-119000 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
24368000 usd
CY2022Q2 pinc Fair Value Inputs Market Interest Rate
FairValueInputsMarketInterestRate
0.016
CY2022Q3 pinc Fair Value Inputs Market Interest Rate
FairValueInputsMarketInterestRate
0.016
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
15100000 usd
CY2022Q3 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
3000000 usd
CY2022Q3 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-1700000 usd
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1400000 usd
CY2021Q3 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
-400000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.24
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
574154000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
574154000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
228034000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
217582000 usd
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
346120000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
356572000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10500000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10900000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
527940000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
454327000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
350486000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
250859000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
177454000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
203468000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
42716000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
122004000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
42716000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
122004000 usd
CY2022Q3 pinc Income Loss Net Of Tax Attributable To Noncontrolling Interest Dilutive Effect Adjustment
IncomeLossNetOfTaxAttributableToNoncontrollingInterestDilutiveEffectAdjustment
0 usd
CY2021Q3 pinc Income Loss Net Of Tax Attributable To Noncontrolling Interest Dilutive Effect Adjustment
IncomeLossNetOfTaxAttributableToNoncontrollingInterestDilutiveEffectAdjustment
-698000 usd
CY2022Q3 pinc Net Income Loss Attributable To Parent Before Tax Effects
NetIncomeLossAttributableToParentBeforeTaxEffects
42716000 usd
CY2021Q3 pinc Net Income Loss Attributable To Parent Before Tax Effects
NetIncomeLossAttributableToParentBeforeTaxEffects
121306000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118351000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122945000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120033000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124573000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
CY2022Q3 us-gaap Profit Loss
ProfitLoss
42959000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
121306000 usd
CY2022Q3 us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
243000 usd
CY2021Q3 us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
-698000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
42716000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
122004000 usd
CY2022Q3 pinc Effective Income Tax Rate Estimated
EffectiveIncomeTaxRateEstimated
0.26
CY2021Q3 pinc Effective Income Tax Rate Estimated
EffectiveIncomeTaxRateEstimated
0.26
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7136000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7554000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
947000 usd
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1281000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
6189000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
6273000 usd
CY2022Q3 pinc Deferred Tax Expense Benefit Employee Service Sharebased Compensation
DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
900000 usd
CY2021Q3 pinc Deferred Tax Expense Benefit Employee Service Sharebased Compensation
DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
700000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18800000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19000000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.30
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2500000 usd
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2600000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9112000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12131000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12267000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12267000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12301000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12301000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9005000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9005000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1324000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1323000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
44009000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
47027000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3029000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3445000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
40980000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
43582000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10700000 usd
CY2022Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
313873000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
365147000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33891000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
31485000 usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18930000 usd
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21050000 usd
CY2022Q3 us-gaap Assets
Assets
3419741000 usd
CY2022Q2 us-gaap Assets
Assets
3357127000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61728000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
140339000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8243000 usd
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7058000 usd
CY2022Q3 us-gaap Investment Income Net
InvestmentIncomeNet
-2859000 usd
CY2021Q3 us-gaap Investment Income Net
InvestmentIncomeNet
-2788000 usd
CY2022Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 usd
CY2021Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
64110000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2164000 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-320000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
58508000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
72279000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
23439000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
20596000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10452000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10889000 usd
CY2022Q3 pinc Allocated Share Based Compensation Expense And Employee Stock Ownership Plan Espp Compensation Expense
AllocatedShareBasedCompensationExpenseAndEmployeeStockOwnershipPlanESPPCompensationExpense
7349000 usd
CY2021Q3 pinc Allocated Share Based Compensation Expense And Employee Stock Ownership Plan Espp Compensation Expense
AllocatedShareBasedCompensationExpenseAndEmployeeStockOwnershipPlanESPPCompensationExpense
7751000 usd
CY2022Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2160000 usd
CY2021Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3421000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
1520000 usd
CY2021Q3 us-gaap Restructuring Charges
RestructuringCharges
25000 usd
CY2022Q3 pinc Income Loss From Equity Method Investments Offset
IncomeLossFromEquityMethodInvestmentsOffset
8243000 usd
CY2021Q3 pinc Income Loss From Equity Method Investments Offset
IncomeLossFromEquityMethodInvestmentsOffset
7058000 usd
CY2022Q3 pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
2370000 usd
CY2021Q3 pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
318000 usd
CY2022Q3 us-gaap Other Expenses
OtherExpenses
79000 usd
CY2021Q3 us-gaap Other Expenses
OtherExpenses
2000 usd
CY2022Q3 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
109380000 usd
CY2021Q3 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
121703000 usd
CY2022Q3 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
109380000 usd
CY2021Q3 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
121703000 usd

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