Premier, Inc
(NASDAQ:PINC)

Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with access to a range of products and services, in...

Website: http://www.premierinc.com

Founded: 2013

Full Time Employees: 2,500

Sector: Healthcare

Industry: Health Information Services

Technology

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

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Income Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30

net revenue:
net administrative fees	132,402,000	150,052,000	142,234,000	131,417,000	132,625,000	165,422,000	156,819,000	149,563,000	149,027,000	158,165,000	148,441,000	154,423,000	150,006,000	152,867,000	148,396,000	150,403,000	149,462,000	148,163,000	146,553,000	145,339,000	132,645,000	152,027,000	174,049,000	172,114,000	172,403,000	123,057,250	164,534,000	165,695,000	162,000,000	-471,302,161	161,612,000	159,343,000	150,991,000	-398,404,532	143,915,000	129,071,000	125,976,000	128,442,000	131,270,000	120,733,000	117,949,000	119,863,000	117,959,000	112,675,000	106,523,000	111,044,000	108,087,000	102,130,000	143,576,000
software licenses, other services and support	107,602,000				115,517,000	134,080,000	129,187,000	129,401,000	119,140,000	120,606,000	116,579,000	138,210,000	105,006,000
net revenue	240,004,000	262,857,000	261,382,000	240,266,000	248,142,000	350,268,000	342,596,000	334,745,000	318,752,000	340,364,000	322,232,000	359,626,000	313,873,000	340,706,000	347,833,000	379,215,000	365,147,000	481,515,000	469,923,000	422,827,000	346,887,000	342,753,000	334,823,000	319,606,000	302,410,000	-1,245,060,362	422,875,000	421,857,000	401,546,000	-1,225,638,744	425,338,000	411,398,000	390,564,000	-1,050,120,327	379,803,000	358,500,000	313,272,000	301,421,000	298,669,000	291,669,000	270,835,000	185,119,000	261,723,000	249,445,000	229,308,000	168,770,750	225,598,000
yoy	-3.28%	-24.96%	-23.71%	-28.22%	-22.15%	2.91%	6.32%	-6.92%	1.55%	-0.10%	-7.36%	-5.17%	-14.04%	-29.24%	-25.98%	-10.31%	5.26%	40.48%	40.35%	32.30%	14.71%	-127.53%	-20.82%	-24.24%	-24.69%	1.58%	-0.58%	2.54%	2.81%	16.71%	11.99%	14.76%	24.67%	-448.39%	27.17%	22.91%	15.67%	62.83%	14.12%	16.93%	18.11%	9.69%	16.01%
qoq	-8.69%	0.56%	8.79%	-3.17%	-29.16%	2.24%	2.35%	5.02%	-6.35%	5.63%	-10.40%	14.58%	-7.88%	-2.05%	-8.28%	3.85%	-24.17%	2.47%	11.14%	21.89%	1.21%	2.37%	4.76%	5.69%	-124.29%	-394.43%	0.24%	5.06%	-132.76%	-388.16%	3.39%	5.33%	-137.19%	-376.49%	5.94%	14.44%	3.93%	0.92%	2.40%	7.69%	46.30%	-29.27%	4.92%	8.78%	35.87%	-25.19%
cost of revenue:
services and software licenses	69,407,000	64,293,000	68,213,000	69,058,000	67,724,000	299,502,000	286,006,000	278,964,000	268,167,000	278,771,000	265,020,000	292,633,000	255,012,000
cost of revenue	69,407,000	64,293,000	68,213,000	69,058,000	67,724,000	114,454,000	122,263,000	113,462,000	108,170,000	107,871,000	103,162,000	116,885,000	111,888,000	116,620,000	135,356,000	142,715,000	153,171,000	261,680,000	258,116,000	211,844,000	152,178,000	138,411,000	103,128,000	100,241,000	91,011,000	-591,343,370	203,983,000	198,723,000	188,993,000	-594,651,709	203,548,000	200,527,000	191,376,000	-491,084,952	177,248,000	176,014,000	138,503,000	123,243,000	112,093,000	112,597,000	109,123,000	71,842,000	102,815,000	94,532,000	90,021,000	55,346,750	81,124,000
gross profit	170,597,000	198,564,000	193,169,000	171,208,000	180,418,000	235,814,000	220,333,000	221,283,000	210,582,000	232,493,000	219,070,000	242,741,000	201,985,000	224,086,000	212,477,000	236,500,000	211,976,000	219,835,000	211,807,000	210,983,000	194,709,000	204,342,000	231,695,000	219,365,000	211,399,000	163,644,750	218,892,000	223,134,000	212,553,000	-630,987,035	221,790,000	210,871,000	199,188,000	-559,035,375	202,555,000	182,486,000	174,769,000	178,178,000	186,576,000	179,072,000	161,712,000	157,011,000	158,908,000	154,913,000	139,287,000	149,228,000	144,474,000	136,172,000	173,050,000
yoy	-5.44%	-15.80%	-12.33%	-22.63%	-14.32%	1.43%	0.58%	-8.84%	4.26%	3.75%	3.10%	2.64%	-4.71%	1.93%	0.32%	12.09%	8.87%	7.58%	-8.58%	-3.82%	-7.90%	24.87%	5.85%	-1.69%	-0.54%	-125.93%	-1.31%	5.82%	6.71%	12.87%	9.50%	15.55%	13.97%	-413.75%	8.56%	1.91%	8.07%	13.48%	17.41%	15.60%	16.10%	5.22%	9.99%	13.76%	-19.51%
qoq	-14.08%	2.79%	12.83%	-5.10%	-23.49%	7.03%	-0.43%	5.08%	-9.42%	6.13%	-9.75%	20.18%	-9.86%	5.46%	-10.16%	11.57%	-3.57%	3.79%	0.39%	8.36%	-4.71%	-11.81%	5.62%	3.77%	29.18%	-25.24%	-1.90%	4.98%	-133.69%	-384.50%	5.18%	5.87%	-135.63%	-375.99%	11.00%	4.42%	-1.91%	-4.50%	4.19%	10.74%	2.99%	-1.19%	2.58%	11.22%	-6.66%	3.29%	6.10%	-21.31%
gross margin %	71.08%	75.54%	73.90%	71.26%	72.71%	67.32%	64.31%	66.10%	66.06%	68.31%	67.99%	67.50%	64.35%	65.77%	61.09%	62.37%	58.05%	45.65%	45.07%	49.90%	56.13%	59.62%	69.20%	68.64%	69.90%	-13.14%	51.76%	52.89%	52.93%	51.48%	52.14%	51.26%	51.00%	53.24%	53.33%	50.90%	55.79%	59.11%	62.47%	61.40%	59.71%	84.82%	60.72%	62.10%	60.74%	88.42%	64.04%	Infinity%	Infinity%
operating expenses:
selling, general, and administrative	134,851,000	163,512,000	149,260,000	253,768,000
research and development	483,000	689,000	633,000	726,000	586,000	663,000	661,000	928,000	863,000	1,564,000	1,001,000	1,000,000	975,000	1,485,000	826,000	846,000	994,000	1,325,000	715,000	722,000	576,000	568,000	628,000	801,000	379,000	232,000	296,000	292,000	340,000	-1,103,577	292,000	324,000	489,000	-2,324,893	755,000	767,000	806,000	865,000	1,180,000	424,000	456,000	552,000	596,000	716,000	1,073,000	675,000	820,000	1,042,000	852,000
amortization of purchased intangible assets	10,379,000	9,499,000	9,516,000	9,537,000	9,637,000	9,794,000	12,280,000	12,512,000	12,688,000	12,687,000	11,916,000	13,047,000	10,452,000	11,046,000	11,151,000	10,850,000	10,889,000	10,889,000	10,400,000	10,260,000	13,204,000	16,582,000	13,966,000	11,938,000	13,044,000	10,442,500	14,233,000	13,899,000	13,638,000	-41,541,553	13,881,000	13,817,000	13,898,000	-34,391,673	14,080,000	11,151,000	9,209,000	8,996,000	8,740,000	9,271,000	6,047,000	2,538,000	2,554,000	3,141,000	903,000	904,000	802,000	755,000	601,000
operating expenses	145,713,000	173,700,000	159,409,000	264,031,000	145,103,000	153,777,000	299,062,000	155,590,000	151,611,000	199,640,000	156,504,000	154,575,000	143,477,000	171,080,000	155,653,000	158,536,000	139,697,000	156,087,000	145,617,000	140,979,000	137,734,000	161,698,000	129,883,000	98,832,000	127,352,000	-376,689,506	133,032,000	124,303,000	119,848,000	-374,149,491	123,180,000	122,761,000	128,708,000	-333,144,095	123,503,000	107,845,000	102,253,000	125,352,000	111,818,000	108,979,000
operating income	24,884,000	24,864,000	33,760,000	-92,823,000	35,315,000	82,037,000	-78,729,000	65,693,000	58,971,000	32,853,000	62,566,000	88,166,000	58,508,000	53,006,000	56,824,000	77,964,000	72,279,000	63,748,000	66,190,000	70,004,000	56,975,000	67,228,000	101,812,000	120,533,000	84,047,000	69,349,000	85,860,000	98,831,000	92,705,000	-433,834,370	98,610,000	265,284,000	70,480,000	-225,891,280	79,052,000	74,641,000	72,516,000	52,826,000	74,758,000	70,093,000	68,271,000	65,321,000	68,911,000	65,665,000	66,145,000	62,324,000	69,525,000	61,249,000	109,279,000
yoy	-29.54%	-69.69%	-142.88%	-241.30%	-40.11%	149.71%	-225.83%	-25.49%	0.79%	-38.02%	10.10%	13.09%	-19.05%	-16.85%	-14.15%	11.37%	26.86%	-5.18%	-34.99%	-41.92%	-32.21%	-3.06%	18.58%	21.96%	-9.34%	-115.99%	-12.93%	-62.75%	31.53%	92.05%	24.74%	255.41%	-2.81%	-527.61%	5.74%	6.49%	6.22%	-19.13%	8.48%	6.74%	3.21%	4.81%	-0.88%	7.21%	-39.47%
qoq	0.08%	-26.35%	-136.37%	-362.84%	-56.95%	-204.20%	-219.84%	11.40%	79.50%	-47.49%	-29.04%	50.69%	10.38%	-6.72%	-27.12%	7.87%	13.38%	-3.69%	-5.45%	22.87%	-15.25%	-33.97%	-15.53%	43.41%	21.19%	-19.23%	-13.12%	6.61%	-121.37%	-539.95%	-62.83%	276.40%	-131.20%	-385.75%	5.91%	2.93%	37.27%	-29.34%	6.66%	2.67%	4.52%	-5.21%	4.94%	-0.73%	6.13%	-10.36%	13.51%	-43.95%
operating margin %	10.37%	9.46%	12.92%	-38.63%	14.23%	23.42%	-22.98%	19.62%	18.50%	9.65%	19.42%	24.52%	18.64%	15.56%	16.34%	20.56%	19.79%	13.24%	14.09%	16.56%	16.42%	19.61%	30.41%	37.71%	27.79%	-5.57%	20.30%	23.43%	23.09%	35.40%	23.18%	64.48%	18.05%	21.51%	20.81%	20.82%	23.15%	17.53%	25.03%	24.03%	25.21%	35.29%	26.33%	26.32%	28.85%	36.93%	30.82%	Infinity%	Infinity%
equity in net income of unconsolidated affiliates	-3,358,000	123,000	514,000	9,502,000	1,833,000	1,344,000	753,000	-666,000	-1,726,000	1,521,000	4,630,000	1,674,000	8,243,000	6,340,000	3,991,000	6,116,000	7,058,000	5,050,000	5,524,000	4,572,000	5,927,000	1,499,000	4,442,000	2,989,000	3,607,000	1,171,750	553,000	1,444,000	2,690,000	142,500	-4,939,000	1,257,000	4,252,000	3,697,250	83,000	5,127,000	9,579,000	4,000,500	6,627,000	4,785,000	4,590,000	3,703,000	5,197,000	4,749,000	4,866,000	3,042,750	3,566,000	4,491,000	4,114,000
interest expense	-5,622,000	-6,305,000	-5,375,000		-1,756,000					-2,711,000	-4,269,000	-4,631,000	-2,859,000	-2,116,250	-2,804,000	-2,873,000	-2,788,000
other income	1,080,000	6,419,000	12,202,000	23,304,000	60,259,000	2,332,000	14,913,000	4,679,000	-2,623,000	2,587,000	2,954,000	2,930,000	3,220,000	-7,470,000	-4,248,000	2,392,000	-320,000	1,800,000	1,594,000	4,890,000	3,683,000	6,149,000	-5,005,000	2,747,000	-3,494,000	-5,123,375	-135,000	7,199,000	-1,941,000	14,463,174	-2,593,000	-13,356,000	1,463,000	-2,921,429	2,260,000	-131,000	1,006,000	21,015,000		3,576,000	3,022,000	5,304,000	743,000	-458,000	-504,000	58,218,000	52,000	4,512,000	4,338,000
income before income taxes	16,984,000	25,101,000	41,101,000	-63,804,000	95,651,000	86,124,000	-64,826,000	72,144,000	56,348,000	34,250,000	65,881,000	88,139,000	61,728,000	49,199,000	53,763,000	83,599,000	140,339,000	61,645,000	64,888,000	61,561,000	62,547,000	69,625,000	77,377,000	156,132,000	80,553,000	71,068,750	84,894,000	106,615,000	92,766,000	-413,977,196	89,837,000	251,277,000	73,380,000	-443,165,709	78,653,000	283,613,000	81,431,000	58,820,000	81,100,000	73,669,000	71,293,000	56,296,000	74,055,000	70,078,000	70,698,000	69,880,000	111,393,000	65,761,000	113,617,000
income tax expense	1,697,000	7,083,000	13,488,000	-17,967,000	22,711,000	25,519,000	-15,664,000	19,278,000	13,938,000	15,345,000	17,232,000	23,765,000	18,769,000	18,488,000	14,694,000	6,367,000	19,033,000	34,094,000	13,444,000	16,657,000	-118,138,000	14,225,000	4,165,000	64,557,000	9,614,000	5,922,250	11,092,000	1,804,000	10,793,000	-257,300,766	13,288,000	231,508,000	12,764,000	-134,706,186	6,514,000	104,938,000	23,336,000	8,464,000	9,543,000	12,674,000	19,040,000	24,235,000	2,026,000	4,270,000	5,811,000	3,248,000	9,413,000	14,284,000	891,000
net income from continuing operations	15,287,000	18,018,000	27,613,000	-45,837,000	72,940,000													27,551,000	51,444,000	44,904,000	180,685,000	55,400,000	73,212,000	91,575,000	70,939,000
net loss from discontinued operations, net of tax
net income	15,287,000	17,881,000	26,842,000	-85,226,000	71,336,000	60,605,000	-49,162,000	52,866,000	42,410,000	18,905,000	48,649,000	64,374,000	42,959,000	30,711,000	39,069,000	77,232,000	121,306,000	27,551,000	51,444,000	44,904,000	180,685,000	55,445,000	73,217,000	92,189,000	71,329,000	-260,301,921	73,802,000	104,811,000	81,973,000	-156,676,430	76,549,000	19,769,000	60,616,000	-308,459,523	72,139,000	178,675,000	58,095,000	50,356,000	71,557,000	60,995,000	52,253,000	32,061,000	72,029,000	65,808,000	64,887,000	66,632,000	101,980,000	51,477,000	112,726,000
yoy	-78.57%	-70.50%	-154.60%	-261.21%	68.21%	220.58%	-201.05%	-17.88%	-1.28%	-38.44%	24.52%	-16.65%	-64.59%	11.47%	-24.06%	71.99%	-32.86%	-50.31%	-29.74%	-51.29%	153.31%	-121.30%	-0.79%	-12.04%	-12.98%	66.14%	-3.59%	430.18%	35.23%	-49.21%	6.11%	-88.94%	4.34%	-712.56%	0.81%	192.93%	11.18%	57.06%	-0.66%	-7.31%	-19.47%	-51.88%	-29.37%	27.84%	-42.44%
qoq	-14.51%	-33.38%	-131.50%	-219.47%	17.71%	-223.28%	-192.99%	24.65%	124.33%	-61.14%	-24.43%	49.85%	39.88%	-21.39%	-49.41%	-36.33%	340.30%	-46.44%	14.56%	-75.15%	225.88%	-24.27%	-20.58%	29.24%	-127.40%	-452.70%	-29.59%	27.86%	-152.32%	-304.67%	287.22%	-67.39%	-119.65%	-527.59%	-59.63%	207.56%	15.37%	-29.63%	17.32%	16.73%	62.98%	-55.49%	9.45%	1.42%	-2.62%	-34.66%	98.11%	-54.33%
net income margin %	6.37%	6.80%	10.27%	-35.47%	28.75%	17.30%	-14.35%	15.79%	13.31%	5.55%	15.10%	17.90%	13.69%	9.01%	11.23%	20.37%	33.22%	5.72%	10.95%	10.62%	52.09%	16.18%	21.87%	28.84%	23.59%	20.91%	17.45%	24.85%	20.41%	12.78%	18.00%	4.81%	15.52%	29.37%	18.99%	49.84%	18.54%	16.71%	23.96%	20.91%	19.29%	17.32%	27.52%	26.38%	28.30%	39.48%	45.20%	Infinity%	Infinity%
net loss from continuing operations attributable to non-controlling interest	2,292,000	554,000	226,000	-10,792,000	-552,000
net income attributable to stockholders	17,579,000	18,435,000	27,068,000	-96,018,000	70,784,000	60,676,000	-40,195,000	54,302,000	44,761,000	21,463,000	46,801,000	64,046,000	42,716,000	29,903,000	38,415,000	75,545,000	122,004,000	26,392,000	48,321,000	43,969,000	142,155,000	-22,116,000	340,728,000	-443,668,000	723,731,000	-278,372,944	265,808,000	693,889,000	-681,333,000	-513,902,118	-103,537,000	281,200,000	336,430,000	-323,191,751	-79,800,000	332,766,000	70,302,000	101,645,000	299,948,000	-54,383,000	471,154,000
comprehensive income:
comprehensive loss attributable to non-controlling interest	2,292,000	554,000	226,000	-10,792,000	-552,000	71,000	8,967,000	1,436,000	2,351,000				-243,000				698,000
foreign currency translation gain	-25,000	-11,750	-2,000	-66,000	21,000	1,750	-16,000	26,000		-2,000	1,000	1,000		750	4,000
comprehensive income attributable to stockholders	17,554,000	18,460,000	27,066,000	-96,084,000	70,805,000	60,648,000	-40,211,000	54,328,000	44,758,000	21,466,000	46,802,000	64,047,000	42,706,000	29,897,000	38,419,000	75,544,000	122,004,000	26,392,000	48,321,000	43,969,000	168,840,000
weighted-average shares outstanding:
basic	82,548,000	91,228,000	87,206,000	94,765,000	100,380,000	113,791,000	111,156,000	119,702,000	119,344,000	118,767,000	118,872,000	118,787,000	118,351,000	120,220,000	118,697,000	121,181,000	122,945,000	116,527,000	122,254,000	122,127,000	99,575,000	67,035,000	69,451,000	64,552,000	62,785,000	59,188	62,020,000	59,876,000	53,221,000	53,518	53,529,000	55,209,000	52,909,000	49,654	50,525,000	49,445,000	47,214,000	42,368,000	44,716,000	41,575,000	37,735,000		37,316,000	35,589,000	32,376,000		32,375,000	32,375,000
diluted	83,606,000	91,917,000	87,707,000	94,765,000	100,991,000	114,408,000	111,156,000	120,057,000	120,133,000	119,889,000	119,816,000	119,652,000	120,033,000	121,668,000	119,813,000	122,473,000	124,573,000	117,532,000	123,116,000	122,919,000	100,130,000	123,614,000	122,470,000	64,552,000	126,632,000	60,269	129,072,000	133,672,000	53,221,000	137,340	53,529,000	139,237,000	140,046,000	50,374	50,525,000	141,308,000	142,962,000	145,308,000	145,018,000	41,575,000	145,560,000		37,316,000	35,589,000	32,376,000		32,556,000	32,375,000
earnings per share attributable to stockholders:
basic earnings per share from continuing operations	0.21	0.22	0.32	-0.6	0.72
basic loss per share from discontinued operations
basic earnings per share attributable to stockholders	0.21	0.2	0.31	-1.01	0.71												0.99								11.53
diluted earnings per share from continuing operations	0.21	0.22	0.32	-0.6	0.72
diluted loss per share from discontinued operations					-0.02
diluted earnings per share attributable to stockholders	0.21	0.2	0.31	-1.01	0.7												0.97
software licenses, other services, and support		85,878,500	119,148,000	108,849,000
net income from discontinued operations, net of tax		-137,000	-771,000	-39,389,000	-1,604,000
basic earnings per share from discontinued operations		-0.02	-0.01	-0.41	-0.01
diluted earnings per share from discontinued operations		-0.02	-0.01	-0.41
interest income				-3,787,000		411,000	-1,763,000	2,438,000	195,000
selling, general and administrative					134,880,000	143,320,000	286,121,000	142,150,000	138,060,000	185,389,000	143,587,000	140,528,000	132,050,000	158,549,000	143,676,000	146,840,000	127,814,000	143,873,000	134,502,000	129,997,000	123,954,000	144,548,000	115,289,000	86,093,000	113,929,000	83,621,250	118,503,000	110,112,000	105,870,000	-331,504,361	109,007,000	108,620,000	114,321,000	-296,427,529	108,668,000	95,927,000	92,238,000	115,491,000	101,898,000	99,284,000	86,938,000	88,600,000	86,847,000	85,391,000	71,166,000	85,325,000	73,327,000	73,126,000	62,318,000
products						50,766,000	56,590,000	55,781,000	50,585,000	61,593,000	57,212,000	66,993,000	58,861,000	69,681,000	93,629,000	111,766,000	118,430,000	233,042,000	215,995,000	179,670,000	115,415,000	102,601,000	61,183,000	58,040,000	48,121,000	117,848,250	162,404,000	157,519,000	151,470,000	-480,351,716	166,234,000	162,102,000	152,662,000	-386,104,882	138,132,000	142,378,000	106,129,000	87,539,000	80,010,000	81,316,000	77,781,000	75,563,000	73,438,000	66,696,000	63,564,000	61,504,000	58,692,000	48,582,000	43,748,000
net loss attributable to non-controlling interest						71,000	8,967,000	1,436,000	2,351,000				-243,000				698,000
earnings per share attributable to stockholders:
basic						0.55	-0.36	0.45	0.38	0.18	0.39	0.54	0.36	0.488	0.32	0.62										1.193	4.29	11.59	-12.8	-5.97	-1.93	5.09	6.36	1.648	-1.58	6.73	1.49	1.98	6.71	-1.31	12.49	-5.57	-10.05			-34.018	16.39	-114.7
diluted						0.54	-0.36	0.45	0.37	0.18	0.39	0.54	0.36	0.485	0.32	0.62										0.42	0.48	0.69	-12.8	2.2	-1.93	-1.66	0.36	0.458	-1.58	1.09	0.26	0.3	0.43	-1.31	0.24	-5.57	-10.05			-34.018	16.3	-114.7
other expense									-1,092,000				-2,164,000												-7,577,000															-272,000	-1,809,000
foreign currency translation loss									-3,000				-10,000			-1,000
gain on fff put and call rights																	64,110,000	-5,731,000	-5,195,000	-14,507,000		-3,787,000	-13,906,000	30,222,000
net income attributable to non-controlling interest										-604,750	-1,848,000	-328,000		-808,000	-654,000	-1,687,000		-1,159,000	-3,123,000	-935,000																		-39,812,000	-56,018,000	-49,817,000
comprehensive income attributable to non-controlling interest										-604,750	-1,848,000	-328,000		-808,000	-654,000	-1,687,000
other services and support														80,027,250	105,808,000	117,046,000	97,255,000	100,310,000	107,375,000	97,818,000	98,827,000	88,125,000	99,591,000	89,452,000	81,886,000	70,664,000	95,937,000	98,643,000	88,076,000	-273,984,867	97,492,000	89,953,000	86,911,000	-265,610,913	97,756,000	87,051,000	81,167,000	85,440,000	87,389,000	89,620,000	75,105,000	71,127,000	70,326,000	70,074,000	59,221,000	62,918,000	58,819,000	58,197,000	53,252,000
services														192,092,500	254,204,000	267,449,000	246,717,000	248,473,000	253,928,000	243,157,000	231,472,000	240,152,000	273,640,000	261,566,000	254,289,000	193,721,250	260,471,000	264,338,000	250,076,000	-745,287,028	259,104,000	249,296,000	237,902,000	-664,015,445	241,671,000	216,122,000	207,143,000	213,882,000	218,659,000	210,353,000	193,054,000	190,990,000	188,285,000	182,749,000	165,744,000	173,962,000	166,906,000	160,327,000	196,828,000
adjustment of redeemable limited partners' capital to redemption amount																					-26,685,000	-48,414,000	302,569,000	-480,153,000	694,309,000	-179,028,064	235,394,000	651,709,000	-708,193,000	-511,143,419	-127,039,000	317,916,000	320,424,000	-247,079,176	-99,974,000	285,208,000	61,808,000	91,101,000	284,409,000	-65,561,000	466,801,000	-92,066,000	-387,062,000	-42,250,000	-382,657,000	461,161,000	517,063,000	-3,719,812,000
interest and investment loss																		-2,185,500	-3,225,000			-2,462,250	-9,966,000			-657,000	-1,081,000	-859,000	-688,000	-1,059,750	-1,236,000	-1,508,000	-1,495,000	-756,500	-2,017,000
income from discontinued operations, net of tax																						45,000	5,000	614,000	390,000
net income from continuing operations attributable to non-controlling interest																		-1,159,000	-3,123,000	-935,000	-11,845,000
net income from discontinued operations attributable to non-controlling interest
less: comprehensive income attributable to non-controlling interest																		-1,159,000	-3,123,000	-935,000
interest and investment income																				-3,398,000	-2,119,000			-359,000	476,000											-857,000	-152,000	-245,250	-285,000	-937,000	241,000	129,250	204,000	122,000	191,000	160,250	400,000	21,000	220,000
loss on fff put and call rights																					-1,919,000
net income attributable to non-controlling interest in premier lp																					-11,845,000	-29,147,000	-35,058,000	-55,704,000	-41,907,000	-40,283,000	-43,388,000	-62,631,000	-55,113,000	153,917,731	-53,047,000	-56,485,000	-44,610,000	232,346,948	-51,965,000	-131,117,000	-49,601,000	-39,812,000	-56,018,000	-49,817,000
less: comprehensive income attributable to noncontrolling interest																					-11,845,000
net income from continuing operations attributable to noncontrolling interest																						-33,047,250	-35,055,000	-55,424,000	-41,710,000
net loss from discontinued operations attributable to noncontrolling interest																						-120,000	-3,000	-280,000	-197,000
basic earnings per share
continuing operations																									11.53
discontinued operations
other operating income:
remeasurement of tax receivable agreement liabilities																														-176,996,826		177,174,000
other operating income																														-176,996,826		177,174,000
loss on disposal of long-lived assets																										-75,750	-303,000			-431,250	-5,000	-400,000	-1,320,000	-560,750	-725,000		-1,518,000
remeasurement gain attributable to acquisition of innovatix, llc																																		51,208,250		204,833,000
loss on investment
net income attributable to non-controlling interest in s2s global
net income attributable to noncontrolling interest in s2s global																																										-459,000	-252,000
net income attributable to noncontrolling interest in premier lp																																									-47,900,000	-42,533,750	-59,568,000	-55,751,000	-54,816,000	-61,513,750	-87,925,000
net income attributable to noncontrolling interest																																									-47,900,000	-24,071,000	-59,820,000	-56,537,000	-55,614,000	-57,753,000	-88,455,000	-45,073,000	-113,004,000
total operating expenses																																										91,690,000	89,997,000	89,248,000	73,142,000
gain on investment																																										-250,000	-1,000,000
net income attributable to shareholders																																										7,688,250	12,209,000	9,271,000	9,273,000	8,879,000	13,525,000	6,404,000
net income attributable to shareholders after adjustment of redeemable limited partners' capital to redemption amount																																										-195,304,000	-374,853,000			470,040,000	530,588,000	-3,713,408,000
earnings per share attributable to shareholders after adjustment to redeemable limited partners' capital to redemption amount:
basic						0.55	-0.36	0.45	0.38	0.18	0.39	0.54	0.36	0.488	0.32	0.62										1.193	4.29	11.59	-12.8	-5.97	-1.93	5.09	6.36	1.648	-1.58	6.73	1.49	1.98	6.71	-1.31	12.49	-5.57	-10.05			-34.018	16.39	-114.7
diluted						0.54	-0.36	0.45	0.37	0.18	0.39	0.54	0.36	0.485	0.32	0.62										0.42	0.48	0.69	-12.8	2.2	-1.93	-1.66	0.36	0.458	-1.58	1.09	0.26	0.3	0.43	-1.31	0.24	-5.57	-10.05			-34.018	16.3	-114.7
net loss attributable to noncontrolling interest in s2s global																																												-786,000	-798,000
net loss attributable to shareholders after adjustment of redeemable limited partners' capital to redemption amount																																												-32,979,000	-373,384,000
loss per share attributable to shareholders after adjustment to redeemable limited partners' capital to redemption amount:
basic																																												-0.93	-11.53
diluted																																												-0.93	-11.53
gain on sale of investment																																														9,462,500	37,850,000
net loss attributable to noncontrolling interest in svs, llc																																														-119,250	-530,000
earnings per share attributable to shareholders:
basic						0.55	-0.36	0.45	0.38	0.18	0.39	0.54	0.36	0.488	0.32	0.62										1.193	4.29	11.59	-12.8	-5.97	-1.93	5.09	6.36	1.648	-1.58	6.73	1.49	1.98	6.71	-1.31	12.49	-5.57	-10.05			-34.018	16.39	-114.7
diluted						0.54	-0.36	0.45	0.37	0.18	0.39	0.54	0.36	0.485	0.32	0.62										0.42	0.48	0.69	-12.8	2.2	-1.93	-1.66	0.36	0.458	-1.58	1.09	0.26	0.3	0.43	-1.31	0.24	-5.57	-10.05			-34.018	16.3	-114.7
gain on disposal of assets																																																	4,000
add: net loss attributable to noncontrolling interest in svs, llc																																																-157,000	210,000
less: net income attributable to noncontrolling interest in premier lp																																																-44,916,000	-113,214,000
net income attributable to phsi shareholders																																																	-278,000
weighted-average shares outstanding - basic and diluted																																																	5,627,000
earnings per share attributable to phsi - basic and diluted																																																	-0.05

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30

assets
cash and cash equivalents	43,380,000	83,725,000	71,327,000	85,850,000	86,956,000	125,146,000	61,856,000	371,110,000	453,261,000	89,793,000	91,493,000	94,623,000	176,630,000	86,143,000	179,503,000	86,161,000	184,421,000	129,141,000	132,584,000	109,013,000	120,416,000	99,304,000	241,734,000	111,570,000	125,244,000		137,512,000	110,584,000	142,422,000		149,410,000	163,014,000	132,120,000		236,218,000	218,892,000	156,012,000	248,817,000	238,384,000	157,410,000	109,835,000	146,522,000	155,636,000	129,616,000	94,522,000	131,786,000	152,040,000	158,059,000	75,351,000
accounts receivable	87,460,000	99,092,000	91,661,000	117,248,000	98,749,000	126,694,000	121,159,000	122,300,000	102,122,000	115,295,000	115,289,000	120,917,000	105,226,000	114,129,000	125,632,000	137,902,000	139,111,000	141,447,000	188,519,000	166,438,000	131,783,000	135,063,000	139,902,000	166,907,000	157,830,000		206,595,000	197,366,000	182,254,000		174,092,000	171,354,000	173,869,000		162,178,000	181,083,000	144,464,000	144,424,000	128,981,000	125,052,000	116,142,000	99,120,000	101,165,000	86,787,000	81,027,000	67,577,000	72,311,000	68,688,000	61,968,000
contract assets	330,699,000	318,337,000	329,975,000	328,907,000	341,016,000	335,831,000	334,256,000	331,727,000	311,557,000	299,219,000	290,824,000	284,126,000	277,571,000	260,061,000	255,693,000	289,136,000	272,049,000	267,283,000	259,331,000	239,139,000	245,099,000	215,660,000	234,467,000	214,904,000	214,277,000		197,016,000	208,254,000	202,961,000
prepaid expenses and other current assets	70,473,000	84,649,000	83,462,000	76,402,000	76,022,000	80,546,000	79,633,000	92,354,000	65,566,000	60,387,000	59,091,000	57,878,000	55,655,000	65,581,000	64,897,000	66,499,000	68,125,000	68,049,000	83,527,000	93,402,000	77,450,000	97,338,000	87,746,000	28,718,000	26,989,000		28,593,000	27,259,000	29,675,000		24,374,000	24,021,000	29,787,000		41,702,000	45,674,000	45,007,000	19,646,000	24,970,000	28,083,000	31,483,000	22,353,000	32,039,000	34,358,000	44,596,000	31,175,000	22,974,000	27,232,000	34,576,000
total current assets	532,012,000	585,803,000	576,425,000	608,407,000	707,636,000	748,016,000	674,699,000	990,257,000	1,002,374,000	641,626,000	651,128,000	673,965,000	738,963,000	645,566,000	756,000,000	728,113,000	832,725,000	782,296,000	889,192,000	786,338,000	718,053,000	618,362,000	752,371,000	574,812,000	576,684,000		634,957,000	614,215,000	626,202,000		405,597,000	420,837,000	393,867,000		494,256,000	513,950,000	384,030,000	462,890,000	453,257,000	386,758,000	363,466,000	553,169,000	525,217,000	509,637,000	426,613,000	422,056,000	395,005,000	358,078,000	250,903,000
property and equipment	200,211,000	201,481,000	202,536,000	203,082,000	203,957,000	205,711,000	206,363,000	218,050,000	210,519,000	212,308,000	206,687,000	207,045,000	208,862,000	213,379,000	222,583,000	225,470,000	226,349,000	224,271,000	223,689,000	220,569,000	214,166,000	206,728,000	203,512,000	199,970,000	202,564,000	205,108	212,306,000	211,859,000	211,248,000	206,693	198,853,000	190,815,000	186,179,000	187,365	182,093,000	180,408,000	175,221,000	174,080,000	165,736,000	163,044,000	153,509,000	147,625,000	152,972,000	145,430,000	139,277,000	134,551,000	128,523,000	124,096,000	119,538,000
intangible assets	237,694,000	250,770,000	240,569,000	250,085,000	259,622,000	269,259,000	279,053,000	404,830,000	417,342,000	430,030,000	442,718,000	452,845,000	346,120,000	356,572,000	373,752,000	374,904,000	385,753,000	396,642,000	407,531,000	395,581,000	404,218,000	417,422,000	420,104,000	249,386,000	249,203,000		303,966,000	318,199,000	308,477,000		335,948,000	349,847,000	364,064,000		393,075,000	411,343,000	175,588,000	158,217,000	167,212,000	175,952,000	181,119,000	38,669,000	41,209,000	43,761,000	45,966,000	10,855,000	9,870,000	10,672,000	9,262,000
goodwill	899,071,000	897,894,000	869,034,000	869,034,000	995,852,000	995,852,000	995,852,000	1,012,355,000	1,012,355,000	1,012,355,000	1,069,073,000	1,069,300,000	999,913,000	999,913,000	999,913,000	999,913,000	999,913,000	999,913,000	999,777,000	942,263,000	942,870,000	941,965,000	929,615,000	906,928,000	880,709,000		943,970,000	943,281,000	906,545,000		906,545,000	906,545,000	906,545,000		865,445,000	862,939,000	577,812,000	537,962,000	537,902,000	537,905,000	531,263,000	215,645,000	213,849,000	214,506,000	214,625,000	94,451,000	90,285,000	90,285,000	84,626,000
deferred income tax assets	758,170,000	762,859,000	770,067,000	783,017,000	748,048,000	776,202,000	805,741,000	808,562,000	797,064,000	653,629,000	722,949,000	723,073,000	722,876,000	725,032,000	744,899,000	761,934,000	763,125,000	781,824,000	821,439,000	825,668,000	827,676,000	430,025,000	436,047,000	428,174,000	433,512,000		413,511,000	389,632,000	301,267,000		306,738,000	305,549,000	506,166,000		479,241,000	462,658,000	422,410,000	422,849,000	423,766,000	408,512,000	7,101,000
deferred compensation plan assets	31,198,000	35,069,000	40,119,000	46,796,000	47,380,000	54,422,000	52,754,000	48,792,000	44,029,000	50,346,000	47,699,000	44,609,000	41,636,000	47,436,000	53,914,000	57,172,000	54,572,000	59,581,000	55,952,000	55,035,000	50,499,000	49,175,000	42,780,000	47,588,000	45,347,000		43,696,000	39,752,000	43,343,000		43,267,000	42,779,000	40,906,000		39,875,000	38,306,000	40,142,000	39,965,000	38,791,000	38,428,000	35,018,000	37,483,000
investments in unconsolidated affiliates	259,261,000	262,621,000	270,754,000	270,240,000	230,395,000	228,562,000	228,511,000	229,434,000	230,080,000	231,826,000	230,300,000	217,110,000	215,436,000	215,545,000	209,205,000	192,398,000	186,282,000	153,224,000	153,747,000	148,245,000	139,263,000	133,335,000	120,642,000	116,200,000	107,810,000		98,642,000	98,089,000	96,743,000		93,448,000	98,388,000	97,131,000		98,878,000	98,795,000
operating lease right-of-use assets	41,807,000	5,072,000	6,737,000	15,365,000	17,845,000	20,635,000	21,700,000	24,439,000	26,871,000	29,252,000	31,658,000	34,488,000	36,897,000	39,530,000	41,764,000	44,122,000	46,432,000	48,199,000	50,556,000	52,890,000	55,316,000	57,823,000	59,901,000
other assets	91,947,000	95,505,000	95,551,000	96,349,000	102,863,000	102,790,000	99,057,000	95,809,000	108,938,000	110,115,000	110,305,000	116,959,000	109,038,000	114,154,000	113,429,000	67,436,000	71,769,000	76,948,000	80,082,000	84,210,000	89,522,000	93,680,000	98,097,000	34,719,000	38,334,000		33,125,000	29,824,000	22,727,000		4,241,000	5,403,000	9,484,000		13,398,000	14,344,000	18,755,000	29,290,000	28,856,000	25,418,000	31,779,000	17,137,000	46,778,000	45,351,000	43,925,000	44,008,000	39,166,000	38,763,000	28,410,000
total assets	3,051,371,000	3,097,074,000	3,071,792,000	3,142,375,000	3,313,598,000	3,401,449,000	3,363,730,000	3,832,528,000	3,849,572,000	3,371,487,000	3,512,517,000	3,539,394,000	3,419,741,000	3,357,127,000	3,515,459,000	3,451,462,000	3,566,920,000	3,522,898,000	3,681,965,000	3,510,799,000	3,441,583,000	2,948,515,000	3,063,069,000	2,616,162,000	2,594,584,000	2,569,567	2,684,173,000	2,644,851,000	2,516,552,000	2,312,216	2,294,637,000	2,320,163,000	2,504,342,000	2,507,836	2,566,261,000	2,582,743,000	1,889,664,000	1,855,383,000	1,854,976,000	1,787,980,000	1,692,276,000	1,530,191,000	1,488,533,000	1,432,370,000	1,282,945,000	1,246,656,000	1,199,871,000	1,095,634,000	521,840,000
liabilities and stockholders' equity
accounts payable	24,078,000	19,619,000	19,650,000	21,880,000	24,655,000	60,361,000	67,341,000	54,252,000	48,545,000	54,375,000	53,486,000	61,422,000	59,803,000	44,631,000	53,720,000	70,510,000	89,533,000	85,413,000	100,348,000	94,523,000	68,213,000	54,841,000	62,304,000	53,265,000	57,376,000		68,708,000	66,855,000	53,452,000		43,708,000	49,626,000	47,449,000		30,974,000	70,163,000	43,933,000	46,003,000	26,365,000	25,829,000	36,315,000	37,634,000	30,514,000	29,019,000	25,993,000	28,007,000	23,813,000	24,062,000	16,899,000
accrued expenses	51,844,000	59,151,000	65,974,000	50,428,000	47,408,000	65,567,000	69,492,000	50,946,000	46,193,000	47,113,000	63,372,000	49,351,000	39,342,000	40,968,000	58,129,000	53,728,000	42,540,000	48,144,000	64,255,000	53,176,000	46,560,000	53,500,000	67,289,000	82,493,000	87,025,000		108,042,000	99,480,000	87,366,000		69,094,000	46,090,000	56,891,000		78,988,000	60,036,000	63,447,000	56,774,000	68,308,000	48,163,000	39,784,000	41,261,000	40,930,000	32,877,000	27,799,000	25,536,000	37,061,000	32,496,000	25,486,000
revenue share obligations	349,059,000	347,306,000	330,594,000	333,345,000	318,910,000	292,792,000	291,762,000	279,855,000	265,832,000	262,288,000	258,112,000	255,369,000	247,830,000	245,395,000	240,152,000	230,109,000	223,748,000	226,883,000	216,054,000	203,763,000	170,345,000	145,777,000	149,976,000	146,243,000	141,146,000		132,602,000	130,163,000	119,578,000		75,341,000	74,651,000	69,535,000		70,396,000	69,183,000	62,356,000	63,603,000	62,630,000	60,798,000	58,008,000	59,259,000	56,076,000	55,580,000	51,962,000	56,531,000	54,605,000	49,182,000	5,085,000
accrued compensation and benefits	49,421,000	99,019,000	79,278,000	53,347,000	45,072,000	101,366,000	77,780,000	53,798,000	45,807,000	60,591,000	59,088,000	56,591,000	54,968,000	93,638,000	79,621,000	62,815,000	47,957,000	100,713,000	80,234,000	59,120,000	50,076,000	73,262,000	56,208,000	39,910,000	34,856,000		54,771,000	41,071,000	33,146,000		52,857,000	41,725,000	37,259,000		51,701,000	42,090,000	28,968,000	60,425,000	43,236,000	34,153,000	25,861,000	51,066,000	45,235,000	35,531,000	26,833,000	46,713,000	36,851,000	30,054,000	22,374,000
deferred revenue	19,786,000	22,548,000	23,029,000	20,552,000	17,901,000	19,642,000	20,502,000	20,692,000	20,730,000	24,311,000	27,880,000	26,964,000	28,286,000	30,463,000	33,755,000	33,367,000	33,211,000	34,058,000	35,933,000	32,491,000	33,607,000	35,446,000	38,042,000	32,539,000	34,392,000	35,623	34,154,000	33,874,000	34,259,000	39,785	44,534,000	45,699,000	41,102,000	44,443	49,723,000	52,156,000	49,813,000	54,498,000	52,820,000	48,872,000	43,197,000	39,824,000	32,274,000	30,442,000	23,932,000	15,694,000	19,581,000	18,150,000	17,492,000
line of credit and current portion of long-term debt	280,000,000	280,000,000	255,000,000	100,000,000		1,008,000	1,008,000	1,008,000	1,199,000	216,546,000	236,272,000	301,946,000	252,215,000	153,053,000	253,053,000	128,005,000	175,416,000	78,295,000	203,964,000	105,798,000	154,372,000	79,560,000	254,745,000
current portion of liability related to the sale of future revenues	53,618,000	49,712,000	47,512,000	45,732,000	41,331,000	51,798,000	36,615,000	35,800,000	32,827,000
other current liabilities	26,939,000	33,182,000	33,729,000	55,948,000	56,791,000	52,506,000	60,120,000	96,750,000	209,263,000	50,574,000	102,922,000	83,649,000	57,286,000	47,183,000	47,403,000	47,599,000	48,224,000	47,330,000																									2,719,000	3,265,000	3,123,000	319,000	8,519,000	13,279,000	2,402,000
current liabilities of discontinued operations	24,000	96,000	386,000	423,000	20,163,000																			715,000	2,784,000
total current liabilities	854,769,000	910,633,000	880,707,000	732,649,000	648,548,000	746,563,000	725,679,000	693,695,000	770,526,000	815,463,000	900,332,000	934,028,000	838,001,000	753,137,000	863,175,000	723,010,000	757,041,000	716,784,000	852,845,000	704,872,000	668,064,000	496,074,000	686,183,000	450,242,000	410,631,000		587,982,000	514,688,000	469,832,000		523,915,000	506,357,000	490,134,000		725,907,000	791,695,000	301,122,000	326,063,000	299,090,000	262,569,000	246,706,000	269,631,000	246,479,000	240,057,000	211,175,000	223,882,000	227,716,000	212,040,000	157,176,000
liability related to the sale of future revenues, less current portion	576,373,000	590,727,000	605,441,000	618,386,000	631,266,000	599,423,000	569,042,000	579,409,000	541,834,000
deferred compensation plan obligations	31,198,000	35,069,000	40,119,000	46,796,000	47,380,000	54,422,000	52,754,000	48,792,000	44,029,000	50,346,000	47,699,000	44,609,000	41,636,000	47,436,000	53,914,000	57,172,000	54,572,000	59,581,000	55,952,000	55,035,000	50,499,000	49,175,000	42,780,000	47,588,000	45,347,000		43,696,000	39,752,000	43,343,000		43,267,000	42,779,000	40,906,000		39,875,000	38,306,000	40,142,000	39,965,000	38,791,000	38,428,000	35,018,000	37,483,000	36,031,000	34,857,000	33,098,000	32,872,000	30,318,000	29,605,000	27,653,000
operating lease liabilities, less current portion	42,451,000	2,007,000	2,761,000	5,058,000	8,067,000	11,170,000	13,074,000	16,016,000	18,916,000	21,864,000	25,468,000	27,487,000	30,237,000	32,960,000	35,678,000	38,350,000	40,979,000	43,102,000	45,654,000	48,151,000	50,545,000	52,990,000	55,336,000
other liabilities	18,307,000	28,061,000	19,779,000	21,595,000	24,154,000	27,640,000	54,328,000	53,413,000	45,245,000	47,202,000	46,416,000	45,575,000	42,130,000	42,574,000	43,234,000	43,615,000	49,066,000	112,401,000	56,574,000	60,932,000	77,054,000	31,987,000	30,187,000	13,531,000	19,964,000		7,009,000	8,438,000	7,050,000		7,044,000	9,106,000	26,198,000		30,335,000	25,417,000	6,313,000	2,871,000	5,412,000	7,123,000	5,349,000	4,776,000
total liabilities	1,523,098,000	1,566,497,000	1,548,807,000	1,424,484,000	1,359,415,000	1,439,218,000	1,440,432,000	1,442,319,000	1,496,867,000	1,037,132,000	1,176,726,000	1,233,321,000	1,158,322,000	1,108,277,000	1,281,857,000	1,172,660,000	1,238,834,000	1,293,005,000	1,467,398,000	1,338,383,000	1,307,002,000	1,088,943,000	1,263,188,000	944,675,000	904,365,000	908,547	1,045,889,000	941,600,000	833,745,000	818,870	897,170,000	871,096,000	993,370,000	1,031,506	1,231,386,000	1,276,983,000	669,991,000	669,614,000	704,668,000	710,803,000	686,196,000	568,461,000	552,597,000	542,118,000	459,963,000	472,293,000	477,743,000	462,007,000	237,858,000
commitments and contingencies
stockholders' equity:
class a common stock, 0.01 par value...	827,000	916,000	913,000	917,000	978,000	1,115,000	1,112,000	1,262,000	1,261,000	1,256,000				1,245,000																							481,000	460,000	453,000	436,000	378,000	377,000	374,000	371,000	324,000	324,000	324,000	324,000
treasury stock		-161,561,000	-161,561,000			-250,129,000	-250,129,000	-250,129,000	-250,129,000	-250,129,000				-250,129,000												-87,220				-150,058
additional paid-in capital	2,214,520,000	2,176,318,000	2,169,423,000	2,203,675,000	2,188,208,000	2,105,684,000	2,104,916,000	2,186,115,000	2,177,324,000	2,178,134,000				2,166,047,000
accumulated deficit	-686,998,000																									-775,674				-1,277,581							-1,841,265,000	-1,951,878,000	-2,068,152,000	-2,446,788,000	-2,629,512,000	-3,118,474,000	-3,059,480,000	-2,689,660,000	-2,836,874,000
accumulated other comprehensive loss	-76,000	-51,000	-76,000	-74,000	-8,000	-29,000	-1,000		-11,000	-8,000																												-43,000	-79,000	-161,000	-177,000							-15,000
total stockholders' equity	1,528,273,000	1,530,577,000	1,522,985,000	1,717,891,000	1,954,183,000	1,962,231,000	1,923,298,000	2,390,209,000	2,352,705,000	2,334,355,000				2,248,850,000																				-1,662,253															76,916,000
total liabilities and stockholders' equity	3,051,371,000	3,097,074,000	3,071,792,000	3,142,375,000	3,313,598,000	3,401,449,000	3,363,730,000	3,832,528,000	3,849,572,000	3,371,487,000				3,357,127,000
current assets of discontinued operations					104,893,000
current portion of notes payable to former limited partners			25,555,000	50,994,000	76,317,000	101,523,000	101,059,000	100,594,000	100,130,000	99,665,000	99,200,000	98,736,000	98,271,000	97,806,000	97,342,000	96,877,000
(accumulated deficit) retained earnings		-485,045,000	-485,714,000	-486,627,000	-234,995,000																																									-2,469,873,000	-2,946,265,000	-3,482,996,000
inventory						79,799,000	77,795,000	72,766,000	69,868,000	76,932,000	94,431,000	116,421,000	123,881,000	119,652,000	130,275,000	148,415,000	169,019,000	176,376,000	225,231,000	178,346,000	143,305,000	70,997,000	48,522,000	52,713,000	52,344,000		64,775,000	70,032,000	68,236,000		57,230,000	62,067,000	57,604,000		48,770,000	65,690,000	34,685,000	29,121,000	29,307,000	30,244,000	31,889,000	33,058,000
long-term debt, less current portion										734,000	1,008,000	1,008,000	1,008,000	2,280,000	2,280,000	2,745,000	5,333,000	5,333,000	5,333,000	5,749,000	4,640,000	4,640,000	4,828,000	6,834,000	7,198,000		6,188,000	5,107,000	5,447,000		6,962,000	6,544,000	6,275,000		6,928,000	6,999,000	8,881,000	13,858,000	64,243,000	113,104,000	163,902,000
notes payable to former limited partners, less current portion							25,555,000	50,994,000	76,317,000	101,523,000	126,614,000	151,588,000	176,446,000	201,188,000	225,814,000	250,324,000
retained earnings						105,590,000	67,400,000	452,946,000	424,260,000	405,102,000				331,690,000																				-1,662,772															50,321,000
accumulated other comprehensive income								15,000						-3,000																												-5,000	17,000	-40,000	25,000	43,000	21,000
deferred consideration, less current portion											29,189,000	29,026,000	28,864,000	28,702,000	57,762,000	57,444,000	57,126,000	56,809,000	83,700,000	83,700,000	83,700,000
current portion of notes payable to members																	96,412,000	95,948,000	95,483,000	95,069,000	67,837,000
notes payable to members, less current portion																	274,717,000	298,995,000	323,156,000	347,201,000	371,130,000
liabilities, redeemable limited partners' capital and stockholders' equity
limited partners' distribution payable																						8,012,000	9,314,000	12,689,000	13,699,000		13,145,000	14,288,000	14,993,000		13,157,000	20,396,000	20,752,000		23,071,000	22,733,000	22,137,000	22,493,000	24,743,000	22,505,000	23,028,000	22,432,000	23,398,000	23,752,000	22,691,000	22,351,000	21,352,000	17,419,000
current portion of tax receivable agreements																						13,689,000	18,118,000	18,118,000	18,118,000		17,505,000	18,217,000	18,217,000		17,925,000	17,925,000	17,925,000		14,009,000	13,912,000	13,912,000		10,845,000	11,080,000	11,089,000	11,123,000				11,035,000
tax receivable agreements, less current portion																						279,981,000	276,739,000	321,507,000	308,111,000		323,863,000	304,907,000	225,090,000		232,783,000	229,291,000	362,093,000		333,407,000	309,380,000	270,314,000	265,750,000	278,406,000	275,621,000	220,194,000	224,754,000				181,256,000
deferred tax liabilities																						17,508,000	13,140,000	14,078,000	6,921,000		20,479,000	18,850,000	21,950,000		33,787,000	30,942,000	51,363,000		80,422,000	84,341,000
redeemable limited partners' capital																							1,658,419,000			2,523,270				2,920,410				3,138,583			3,060,457,000	3,137,230,000	3,218,086,000	3,523,690,000	3,635,391,000	4,079,832,000	3,995,025,000	3,578,802,000	3,659,514,000	3,244,674,000	3,669,325,000	4,118,121,000	207,066,000
deferred consideration																						112,917,000	112,917,000
stockholders' equity
operating lease right-of-use asset																								58,385,000	60,421,000
liabilities, redeemable limited partners' capital and stockholders' deficit
current portion of long-term debt																								50,739,000	1,271,000		152,046,000	102,302,000	101,771,000		200,255,000	201,139,000	173,023,000		376,710,000	338,505,000	10,243,000	5,484,000	4,731,000	4,046,000	4,075,000
operating lease liability, less current portion																								54,232,000	56,283,000
cash, cash equivalents and marketable securities, current																										141,055				152,386				156,735
working capital																										156,022				-20,264				-162,775
class a common stock																										644				575				519
total stockholders' deficit																										-862,250				-1,427,064							-1,840,784,000	-1,951,461,000	-2,067,778,000	-2,446,513,000	-2,629,311,000	-3,118,102,000	-3,059,089,000	-2,688,550,000	-2,836,532,000
due from related parties																											466,000	720,000	654,000		491,000	381,000	487,000		5,388,000	2,611,000	3,862,000	3,123,000	4,445,000	3,764,000	4,578,000	3,444,000	712,000	1,559,000	1,416,000	1,228,000	1,446,000	2,212,000
marketable securities																																						17,759,000	27,170,000	42,205,000	62,438,000	240,667,000	192,752,000	217,773,000	174,116,000	159,820,000	115,620,000	75,802,000	57,500,000
deferred purchase price payable, acquisition of innovatix, llc and essensa ventures, llc																																				97,500,000
investments																																					95,706,000												10,773,000
stockholders' deficit:
class b common stock, 0.000001 par value...
additional paid-in-capital																																																	28,503,000
total liabilities, redeemable limited partners' capital and stockholders' deficit																																					1,889,664,000	1,855,383,000	1,854,976,000	1,787,980,000	1,692,276,000	1,530,191,000	1,488,533,000	1,432,370,000	1,282,945,000
current portion of tax receivable agreement																																						13,912,000					10,940,000	10,970,000	10,970,000		6,966,000	6,966,000
deferred income taxes																																										8,005,000
restricted cash																																											5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000
current portion of notes payable and line of credit																																										2,256,000	4,393,000	18,621,000	17,872,000	17,696,000	18,968,000	20,432,000
notes payable and line of credit, less current portion																																										15,679,000
noncontrolling interest																																												779,000	-7,000	-805,000	-1,277,000	-1,807,000	-1,964,000
inventories - finished goods																																											29,858,000	27,677,000	22,480,000	20,823,000	19,280,000	16,116,000	13,029,000
deferred tax assets																																											13,055,000	11,867,000	8,456,000	9,647,000	11,334,000	9,969,000	7,691,000
notes payable, less current portion																																											15,970,000	15,960,000	17,227,000	16,051,000	18,790,000	19,757,000	20,293,000
tax receivable agreement, less current portion																																											233,564,000	231,332,000	180,248,000		179,111,000	179,111,000
deferred rent																																											16,047,000	16,047,000	15,999,000	15,960,000	15,944,000	15,902,000	15,841,000
other long-term liabilities																																											4,506,000	3,865,000	2,216,000	2,272,000	5,864,000	5,592,000	5,387,000
series a preferred stock, 0.01 par value...
liabilities, redeemable limited partners' capital and stockholders' (deficit) equity
stockholders' (deficit) equity:
phsi common stock, 0.01 par value...
phsi common stock subscribed, 0 and 23,266 shares at june 30, 2014 and june 30, 2013, respectively
subscriptions receivable
total stockholders' (deficit) equity																																														-2,470,311,000	-2,947,197,000	-3,484,494,000
total liabilities, redeemable limited partners' capital and stockholders' (deficit) equity																																														1,246,656,000	1,199,871,000	1,095,634,000
phsi common stock subscribed, 0 and 23,266 shares at march 31, 2014 and june 30, 2013, respectively
net revenue:
net administrative fees																																															108,087,000	102,130,000
other services and support																																															58,819,000	58,197,000
services																																															166,906,000	160,327,000
products																																															58,692,000	48,582,000
net revenue																																															225,598,000
cost of revenue:
cost of revenue																																															81,124,000
gross profit																																															144,474,000	136,172,000
operating expenses:
selling, general and administrative																																															73,327,000	73,126,000
research and development																																															820,000	1,042,000
amortization of purchased intangible assets																																															802,000	755,000
operating income																																															69,525,000	61,249,000
equity in net income of unconsolidated affiliates																																															3,566,000	4,491,000
interest and investment income																																															400,000	21,000
gain on sale of investment																																															37,850,000
other income																																															52,000	4,512,000
income before income taxes																																															111,393,000	65,761,000
income tax expense																																															9,413,000	14,284,000
net income																																															101,980,000	51,477,000
net (income) loss attributable to noncontrolling interest in svs, llc																																															-530,000
net income attributable to noncontrolling interest in premier lp																																															-87,925,000
net income attributable to noncontrolling interest																																															-88,455,000	-45,073,000
net income attributable to shareholders																																															13,525,000	6,404,000
adjustment of redeemable limited partners' capital to redemption amount																																															517,063,000	-3,719,812,000
net income attributable to shareholders after adjustment of redeemable limited partners' capital to redemption amount																																															530,588,000	-3,713,408,000
weighted-average shares outstanding:
basic																																															32,375,000	32,375,000
diluted																																															32,556,000	32,375,000
earnings per share attributable to shareholders:
phsi common stock subscribed, 0 and 23,266 shares at december 31, 2013 and june 30, 2013, respectively
gain on disposal of assets
add: net (income) loss attributable to noncontrolling interest in svs, llc																																																-157,000
less: net income attributable to noncontrolling interest in premier lp																																																-44,916,000
due from related party																																																	788,000
current portion of notes payable																																																	7,438,000
current portion of lines of credit																																																	60,000,000
lines of credit, less current portion																																																	11,508,000
series a preferred stock, par value 0.01, 400,000 shares authorized; no shares issued and outstanding
common stock																																																	56,000
common stock subscribed, 0 and 23,266 shares at september 30, 2013 and june 30, 2013, respectively
total liabilities, redeemable limited partners' capital and stockholders' equity																																																	521,840,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30

operating activities
net income	15,287,000	17,881,000	26,842,000	-85,226,000	71,336,000	60,605,000	-49,162,000	52,866,000	42,410,000	18,905,000	48,649,000	64,374,000	42,959,000	30,711,000	39,069,000	77,232,000	121,306,000	27,551,000	51,444,000	44,904,000	180,685,000	55,445,000			71,329,000	23,493,000	73,802,000	104,811,000	81,973,000	100,636,000	76,549,000	19,769,000	60,616,000	140,568,000	72,139,000	178,675,000	58,095,000	50,356,000	71,557,000	60,995,000	52,253,000	32,061,000	72,029,000	65,808,000	64,887,000	66,632,000	101,980,000	51,279,000	112,726,000
adjustments to reconcile net income to net cash from operating activities:
net loss from discontinued operations, net of tax		137,000	771,000	39,389,000	1,604,000
depreciation and amortization	30,477,000	29,551,000	29,253,000	29,539,000	29,288,000	30,430,000	32,777,000	32,779,000	33,016,000	33,225,000	32,191,000	34,486,000	33,891,000	33,343,000	32,559,000	31,720,000	31,485,000	31,294,000	29,737,000	29,353,000	30,678,000	38,189,000			37,579,000	34,212,000	36,225,000	35,582,000	34,145,000	32,761,000	32,466,000	31,127,000	30,405,000	29,453,000	29,182,000	25,349,000	23,227,000	22,924,000	21,850,000	21,470,000	17,912,000	14,617,000	14,091,000	14,403,000	11,211,000	10,713,000	10,198,000	9,955,000	8,957,000
equity in net loss of unconsolidated affiliates	3,358,000	-123,000	-514,000	-9,502,000	-1,833,000	-1,344,000	-753,000	666,000	1,726,000
deferred income taxes	5,407,000	8,062,000	12,950,000	-18,890,000	24,954,000	29,539,000	2,821,000	-11,498,000	-143,435,000	69,320,000	124,000	-197,000	2,156,000	19,866,000	17,036,000	1,190,000	18,700,000	39,615,000	4,228,000	2,008,000	-129,543,000	7,586,000			-1,985,000	4,131,000	5,104,000	-1,945,000	4,588,000	-10,560,000	7,902,000	227,350,000	8,298,000	-52,107,000	-3,545,000	99,140,000	17,074,000	3,369,000	1,014,000	8,134,000	13,197,000
stock-based compensation	8,165,000	7,564,000	6,071,000	2,588,000	6,931,000	75,000	8,145,000	8,378,000	6,692,000	-2,641,000	6,560,000	2,679,000	7,136,000	8,437,000	14,004,000	16,234,000	7,554,000	7,824,000	13,056,000	7,316,000	7,229,000	1,658,000			3,704,000	8,309,000	6,781,000	7,716,000	6,195,000	4,478,000	7,231,000	8,884,000	8,815,000	7,345,000	7,059,000	6,266,000	5,800,000	11,885,000	11,763,000	11,475,000	13,547,000	7,369,000	7,285,000	7,405,000	6,439,000	6,358,000	6,299,000
impairment of assets	1,758,000	10,810,000	6,853,000			0
other	840,000	306,000	-16,687,000	-8,327,000	1,672,000	3,135,000	-10,619,000	-493,000	3,459,000	3,435,000	-7,101,000	132,000	10,035,000	1,225,000	3,648,000	412,000	518,000	8,821,000	214,000	122,000	201,000
changes in operating assets and liabilities, net of the effects of acquisitions:
accounts receivable	11,632,000	-6,170,000	14,188,000	-7,228,000	2,216,000	-5,535,000	1,141,000	-20,178,000	13,173,000
contract assets	-10,794,000	15,682,000	-3,675,000	16,116,000	-10,566,000	-1,572,000	-4,515,000	-16,340,000	-16,838,000	-9,113,000	-5,517,000	-14,602,000	-11,856,000	-8,080,000	-16,176,000	-17,087,000	-5,876,000	-7,952,000	-20,192,000	6,027,000	-29,568,000	20,704,000			-8,768,000
prepaid expenses and other assets	-18,229,000	1,766,000	1,794,000	5,191,000	8,730,000	-5,252,000	9,956,000	-19,840,000	9,216,000
accounts payable	4,265,000	-148,000	757,000	-4,114,000	397,000	-6,956,000	13,065,000	5,707,000	-3,099,000
revenue share obligations	1,753,000	16,712,000	-2,751,000	14,435,000	26,118,000	1,030,000	11,907,000	14,023,000	3,544,000
accrued expenses, deferred revenue, and other liabilities	-37,989,000	7,999,000	38,195,000
net cash from operating activities from continuing operations	15,930,000	110,029,000	114,047,000	113,690,000	80,043,000													215,037,000	76,188,000	85,395,000	30,782,000	91,806,000			96,079,000
net cash from operating activities from discontinued operations	-72,000	-2,044,000	82,000	-2,022,000	-12,396,000																	298,000			11,196,000
net cash from operating activities	15,858,000	107,985,000	114,129,000	111,668,000	67,647,000	106,290,000	154,890,000	-46,496,000	81,876,000	113,365,000	134,453,000	121,974,000	74,751,000	109,445,000	137,262,000	142,340,000	55,187,000	215,037,000	76,188,000	85,395,000	30,782,000	92,104,000			107,275,000	137,203,000	155,827,000	151,982,000	60,327,000	137,972,000	163,219,000	131,482,000	75,033,000	118,036,000	135,847,000	96,537,000	41,827,000	100,533,000	132,101,000	116,117,000	22,719,000	108,483,000	101,860,000	107,842,000	45,873,000	82,253,000	90,173,000	131,726,000	63,970,000
investing activities
purchases of property and equipment	-19,504,000	-21,752,000	-21,020,000	-22,159,000	-17,718,000	-13,563,000	-18,558,000	-27,798,000	-21,270,000	-23,838,000	-20,048,000	-19,486,000	-18,930,000	-26,379,000	-18,401,000	-21,610,000	-21,050,000	-21,965,000	-22,047,000	-19,882,000	-24,982,000	-25,071,000			-21,983,000	-23,268,000	-22,828,000	-22,227,000	-25,062,000	-27,420,000	-26,638,000	-21,975,000	-16,647,000	-19,480,000	-17,567,000	-17,359,000	-16,966,000	-22,306,000	-15,802,000	-21,741,000	-17,141,000		-18,653,000	-18,051,000	-14,360,000	-15,898,000	-13,823,000	-13,720,000	-12,299,000
net cash from investing activities	-19,504,000	-61,600,000	-618,000	-22,159,000	-17,718,000	-13,563,000	-5,835,000	-27,798,000	-21,270,000	-23,838,000	-22,318,000	-207,236,000	-20,230,000	-26,379,000	-44,401,000	-21,610,000	-47,050,000	-25,277,000	-102,408,000	-21,930,000	-24,953,000	-50,368,000			-28,266,000	2,915,000	-25,670,000	-81,653,000	-25,062,000	-27,420,000	-26,638,000	-21,976,000	-16,646,000	-17,872,000	-110,823,000	-239,555,000	-96,803,000	1,495,000	19,642,000	5,856,000	-186,629,000	-82,716,000	-38,340,000	-50,229,000	-60,588,000	-71,671,000	-76,356,000	-207,860,000	-41,216,000
financing activities
payments on notes payable		-25,555,000	-25,439,000	-25,323,000	-26,214,000	-25,091,000	-24,974,000	-25,049,000	-25,823,000
proceeds from credit facility	120,000,000	95,000,000	240,000,000							120,000,000	65,000,000	185,000,000	100,000,000	25,000,000	125,000,000	0	175,000,000	0	100,000,000	25,000,000	100,000,000	25,000,000				0				0	0			0	97,500,000			0	0	0	150,000,000
payments on credit facility	-120,000,000	-70,000,000				0	0	0	-215,000,000	-140,000,000	-130,000,000			-125,000,000	0	-50,000,000	-75,000,000	-125,000,000	0	-75,000,000	-25,000,000	-200,000,000			-25,000,000					-100,000,000	0	0	-50,000,000	-147,500,000				-50,000,000
proceeds from sale of future revenues		0	0	0	42,325,000	51,607,000	0	50,837,000	578,983,000
payments on liability related to the sale of future revenues	-10,448,000	-12,514,000	-11,165,000	-8,479,000	-20,949,000	-7,372,000	-9,552,000	-10,289,000	-4,322,000
cash dividends paid	-18,561,000	-17,758,000	-17,319,000	-21,045,000	-21,323,000	-22,133,000	-22,015,000	-25,232,000	-25,827,000	-25,006,000	-25,022,000	-24,987,000	-25,218,000	-23,594,000	-23,817,000	-24,192,000	-24,852,000	-23,251,000	-23,251,000	-23,201,000	-23,195,000
repurchase of class a common stock		1,000	-210,438,000	-133,314,000	-56,440,000	0								0	-76,213,000	-135,765,000	-38,151,000					0			-31,123,000	-1,293,000	-144,552,000	-91,975,000	-12,313,000	0	-129,285,000
net cash from financing activities	-36,674,000	-34,012,000	-128,032,000	-90,549,000	-88,140,000	-29,409,000	-458,293,000	-7,883,000	302,865,000	-91,230,000	-115,266,000	3,254,000	35,976,000	-176,420,000	477,000	-218,989,000	47,143,000	-193,203,000	49,791,000	-74,868,000	15,283,000	-184,166,000			-94,820,000	-136,575,000	-103,229,000	-102,167,000	-45,229,000	-107,576,000	-150,185,000	-78,612,000	-83,002,000	-179,647,000	-7,698,000	205,898,000	-37,829,000	-91,595,000	-70,769,000	-74,398,000	127,223,000	-34,881,000	-37,500,000	-22,519,000	-22,549,000	-30,836,000	-19,836,000	158,842,000	-145,699,000
effect of exchange rate changes on cash flows	-25,000	25,000	-2,000	-66,000	21,000	-28,000	-16,000	26,000	-3,000	3,000	1,000	1,000	-10,000	-6,000	4,000
net decrease in cash and cash equivalents	-40,345,000																							-9,974,000	-15,811,000	3,543,000			-9,964,000				-24,615,000				-92,805,000				-36,687,000			35,094,000	-37,264,000	-20,254,000			-122,945,000
cash and cash equivalents at beginning of period	83,725,000	0	0	0	125,146,000	0	0	0	89,793,000		0	0	86,143,000		0	0	129,141,000																						0	0	146,522,000		0	0	131,786,000
cash and cash equivalents at end of period	43,380,000	12,398,000	-14,523,000	-1,106,000	86,956,000	63,290,000	-309,254,000	-82,151,000	453,261,000	-1,700,000	-3,130,000	-82,007,000	176,630,000	-93,360,000	93,342,000	-98,260,000	184,421,000	-3,443,000	23,571,000	-11,403,000	120,416,000	-142,430,000	136,309,000	-19,819,000	125,244,000		26,928,000	-31,838,000	142,422,000		-13,604,000	30,894,000	132,120,000		17,326,000				80,974,000	47,575,000	109,835,000		26,020,000	35,094,000	94,522,000
proceeds from sale of assets		0																				0			3,632,000
acquisition of businesses, net of cash acquired																		-3,311,000	-80,361,000			-25,294,000
sale of investment in unconsolidated affiliates						0
payments on deferred consideration related to acquisition of business
payments on earn-out liabilities		0
net increase in cash and cash equivalents				-1,106,000	-38,190,000	63,290,000	-309,254,000	-82,151,000	363,468,000	-1,700,000	-3,130,000	-82,007,000	90,487,000	-93,360,000	93,342,000	-98,260,000	55,280,000	-3,443,000	23,571,000	-11,403,000	21,112,000													-79,483,000	17,326,000			10,433,000	80,974,000			-9,114,000
accrued expenses, deferred revenue and other liabilities					-80,804,000	4,139,000	5,103,000	-89,668,000	124,948,000
gain on fff put and call rights
inventory						-2,004,000	-5,029,000	-2,898,000	7,064,000																														937,000	1,645,000	1,169,000
acquisition of businesses and equity method investments, net of cash acquired										0	0			0	0	0	-26,000,000
investment in unconsolidated affiliates										0				0																				0	0	0	-65,660,000	0	-2,250,000
proceeds from exercise of stock options under equity incentive plan										5,374,000	0	60,000	644,000												1,754,000		5,191,000	4,651,000	7,472,000		807,000	156,000	2,652,000		413,000	592,000	2,317,000		2,282,000	40,000	197,000		630,000
equity in net income of unconsolidated affiliates										-1,521,000	-4,630,000	-1,674,000	-8,243,000	-6,340,000	-3,991,000	-6,116,000	-7,058,000	-5,050,000	-5,524,000	-4,572,000	-5,927,000	-1,499,000			-3,607,000	-971,000	-553,000	-1,444,000	-2,690,000	-604,000	4,939,000	-1,257,000	-4,252,000	44,000	-83,000	-5,127,000	-9,579,000	-5,645,000	-6,627,000	-4,785,000	-4,590,000	-6,473,000	-5,197,000	-4,749,000	-4,866,000	-4,805,000	-3,566,000	-4,491,000	-4,114,000
loss on fff put and call rights																		5,731,000	5,195,000	14,507,000	1,919,000				7,839,000	3,475,000	4,109,000	-10,850,000	3,283,000	3,362,000	3,067,000
accounts receivable, inventories, prepaid expenses and other assets										16,864,000	31,618,000	-6,724,000	22,495,000	33,241,000	41,254,000	27,482,000	22,682,000	113,255,000	-53,499,000	-82,295,000	-45,469,000	-25,782,000			6,972,000
accounts payable, accrued expenses, deferred revenue, revenue share obligations and other liabilities										-71,827,000	32,559,000	43,500,000	-23,822,000	-21,787,000	9,859,000			-6,052,000	51,529,000	68,025,000	20,577,000	-7,012,000			-23,830,000
payments made on notes payable										-24,835,000	-24,975,000	-24,662,000	-26,387,000	-24,161,000	-24,461,000	-23,929,000	-26,692,000	-19,021,000	-28,008,000	-3,496,000	-188,000	-373,000			-1,513,000					-5,000	-1,139,000	-1,884,000	-4,974,000	-2,150,000	-1,998,000	-1,120,000	-218,000	-296,000	-511,000	-1,006,000	-330,000	-357,000	-362,000	-362,000	-322,000	-4,176,000	-3,195,000	-451,000	-1,475,000
distributions to limited partners of premier lp																		0	0	0	-9,949,000	-9,314,000			-13,202,000	-13,079,000	-14,288,000	-14,993,000	-15,465,000	-13,157,000	-20,395,000	-20,752,000	-24,951,000	-23,071,000	-22,733,000	-22,137,000	-22,493,000	-24,742,000	-22,504,000	-23,029,000	-22,432,000	-23,412,000	-23,701,000	-22,691,000	-22,408,000	-21,299,000	-17,419,000	-72,645,000	-208,324,000
payments to limited partners of premier lp related to tax receivable agreements																		0	0	0	-24,218,000	0			-17,425,000	0	0	0	-17,975,000
cash and cash equivalents at beginning of year																		0	0	0	99,304,000	0	9,845,000	-9,845,000	141,055,000	0	0	0	152,386,000	0	0	0	156,735,000	0	0	0	248,817,000									0	0	0	198,296,000
income from discontinued operations, net of tax
remeasurement of tax receivable agreement liabilities																						0			4,674,000					0	0
loss on fff call/put rights															0	0	-64,110,000
proceeds from exercise of stock options															118,000
accounts payable, accrued expenses, deferred revenue, revenue share obligations and other current liabilities																	-70,014,000
loss from discontinued operations, net of tax																						-45,000			-390,000
impairment of held to maturity investments																						0
net cash from investing activities from continuing operations																						-50,368,000
net cash from investing activities from discontinued operations
investments in unconsolidated affiliates																						0			-4,665,000
earn-out liability payment to gnyha holdings																														0	0
other operating activities																									2,562,000	243,000	2,021,000	116,000	382,000	-322,000	19,000	184,000	6,422,000	7,352,000	-4,526,000	550,000	-387,000	1,588,000	-829,000	843,000	-535,000	690,000	670,000	555,000	596,000	2,046,000	-320,000
other investing activities																									-5,250,000	24,000							1,000	0	-1,000	21,000	5,000	74,000	-96,000	-439,000	434,000		-796,000	-128,000	481,000
other financing activities																																								193,000	-174,000
assets
current
noncurrent
total assets of premier lp
liabilities
total liabilities of premier lp
premier lp net income
net cash from:
changes in operating assets and liabilities:
repurchase of vested restricted units for employee tax-withholding																									-8,311,000	-12,000	-92,000	-1,082,000	-6,948,000	-49,000	-173,000	-14,000	-5,729,000	-39,000	-49,000	-194,000	-17,435,000
remeasurement gain attributable to acquisition of innovatix, llc																																			0
loss on disposal of long-lived assets																										6,378,000				651,000	5,000	400,000	1,320,000	179,000	725,000	0	1,518,000
accounts receivable, prepaid expenses and other current assets																														-10,733,000	-3,091,000	8,281,000	-8,748,000	-3,672,000	18,925,000	-3,769,000	-8,119,000	-10,179,000	-826,000	-6,106,000	-20,139,000	4,681,000	-12,369,000	6,314,000	-17,590,000	-1,052,000	-426,000
inventories																										239,000	5,257,000	-1,796,000	-2,097,000	-8,909,000	4,837,000	-4,463,000	-7,178,000	-1,656,000	17,139,000	-31,005,000	-827,000						-2,181,000	-5,197,000	-1,657,000	-1,543,000	-3,164,000
other assets																										-4,358,000	-4,528,000	5,117,000	-2,235,000	-1,202,000	-682,000	-319,000	1,379,000	6,416,000	131,000	1,386,000	-1,112,000	135,000	1,080,000	1,433,000	-12,286,000	-606,000	2,624,000	-3,882,000	128,000	69,000	2,000	-1,741,000	-10,000
accounts payable, deferred revenue and other current liabilities
accrued expenses
long-term liabilities																										2,166,000	4,810,000	-7,019,000	-14,000	5,337,000	49,000	1,398,000	-111,000	320,000	2,879,000	-4,422,000	322,000	-2,949,000	-1,412,000	447,000	-281,000	374,000	1,743,000	1,699,000	-1,025,000	-3,577,000	313,000	269,000	-590,000
acquisition of stanson health, inc., net of cash acquired																										0	72,000
acquisition of innovatix, llc and essensa ventures, llc, net of cash acquired																																			-97,500,000
acquisition of acro pharmaceuticals, net of cash acquired
investments in convertible notes																										0	-3,000,000
cancellation of convertible note
proceeds from sale of marketable securities																																		0	0	0	48,013,000	18,772,000	27,926,000	31,940,000	307,734,000	87,031,000	108,023,000	52,074,000	138,660,000	76,560,000	33,770,000	18,715,000	18,974,000
distributions received on equity investments in unconsolidated affiliates
premier, inc.
consolidated statements of cash flows
redemption of limited partner of premier lp																										0	512,000
proceeds from exercise of stock options under equity incentive plans
proceeds from issuance of class a common stock under stock purchase plan																														1,231,000	0			1,227,000	0			1,015,000	0
settlement of exchange of class b units by member owners																																		-1,000	-23,331,000
cash and cash equivalents at end of year																																					156,012,000									-20,254,000	-6,019,000	82,708,000	75,351,000
supplemental schedule of non cash investing and financing activities:
increase in redeemable limited partners' capital for adjustment to fair value, with offsetting decrease in additional paid-in-capital and accumulated deficit
reduction in redeemable limited partners' capital, with offsetting increase in common stock and additional paid-in capital related to quarterly exchange by member owners																																									-3,268,000
reduction in redeemable limited partners' capital for limited partners' distribution payable																																			112,811,000						23,028,000				22,691,000	999,000	3,933,000
distributions utilized to reduce subscriptions, notes, interest and accounts receivable from member owners																																		488,000	487,000						1,613,000				3,112,000	27,000	14,000	0	6,186,000
net increase in deferred tax assets related to quarterly exchanges by member owners and other adjustments																																		20,011,000
net increase in tax receivable agreement liabilities related to quarterly exchanges by member owners and other adjustments
net increase in additional paid-in capital related to quarterly exchanges by member owners and other adjustments
net increase in investments in unconsolidated affiliates related to deferred taxes attributed to the net fair value of fff enterprises, inc. put and call rights, with offsetting increases in deferred tax assets and deferred tax liabilities
payable to member owners incurred upon repurchase of ownership interest																																		284,000							373,000				1,515,000	129,000	0	0	1,652,000
accounts receivable, contract assets, prepaid expenses and other current assets																											-11,000	-15,448,000	-41,427,000
accounts payable, accrued expenses, deferred revenue and other current liabilities																											22,507,000	37,142,000	-21,776,000
proceeds from issuance of class a common stock under employee stock purchase plan
accounts payable, accrued expenses and other current liabilities																														23,077,000	29,928,000	1,695,000	-21,933,000	-13,400,000	-6,946,000	34,327,000	-38,463,000											79,003,000	-44,205,000
purchase of marketable securities																																						0	0	0	-19,211,000	-155,520,000	-116,246,000	-89,124,000	-34,412,000	-131,713,000	-138,001,000	-211,970,000	-19,151,000
acquisition of cecity.com, inc., net of cash acquired																																						0	0	0	-398,261,000
acquisition of healthcare insights, llc, net of cash acquired																																						0	360,000	0	-64,634,000
acquisition of inflowhealth, llc																																						0
final remittance of net income attributable to former s2s global minority shareholder																																						0
adjustment to tax receivable agreement liability																																			2,768,000	0	-5,722,000	0	0	0	-4,818,000			0	1,073,000
loss on investment																																										0
adjustment to tax receivable agreement liabilities
remeasurement gain attributable to acquisition of innovatix
acquisition of innovatix and essensa, net of cash acquired
acquisition of cecity, net of cash acquired
acquisition of hci, net of cash acquired
acquisition of inflow
acquisition of aperek, net of cash acquired																																											0	0	-47,446,000
acquisition of theradoc, net of cash acquired																																											0	0	-108,561,000
purchase of non-controlling interest in s2s global
distributions received on equity investment																																				0	6,550,000	5,050,000	5,300,000	6,293,000	5,450,000	5,000,000	3,850,000	5,000,000	5,050,000	5,000,000	3,850,000
decrease in restricted cash
proceeds from s2s global revolving line of credit																																										0	207,000	600,000	200,000
payments on s2s global revolving line of credit																																										0	-14,215,000
reduction in redeemable limited partners' capital for limited partners' capital distribution payable
increase in additional paid-in capital related to quarterly exchanges by member owners
net increase in investments in unconsolidated affiliates related to fff put and call rights, with offsetting increases in other assets and other liabilities
acquisition of acro pharmaceutical services llc and community pharmacy services, llc, net of cash acquired																																			4,245,000	0	-68,745,000
acquisition of inflow health, llc
decrease in redeemable limited partners' capital for adjustment to fair value, with offsetting decreases in additional paid-in-capital and accumulated deficit
reduction in redeemable limited partners' capital, with offsetting increases in common stock and additional paid-in capital related to quarterly exchanges by member owners
net increase in tax receivable agreement liability related to quarterly exchanges by member owners and other adjustments
net increase in investments in unconsolidated affiliates related to fff enterprises, inc. put and call rights, with offsetting increases in other assets and other liabilities
decrease in redeemable limited partners' capital for adjustment to fair value, with offsetting decrease in additional paid-in-capital and accumulated deficit
reduction in redeemable limited partners' capital, with offsetting increase in common stock and additional paid-in capital related to quarterly exchanges by member owners
increase in deferred tax assets related to quarterly exchanges by member owners
increase in tax receivable agreement liability related to quarterly exchanges by member owners
reduction in deferred tax assets related to departed member owners																																									312,000
reduction in tax receivable agreement liability related to departed member owners																																									789,000
proceeds from sale of investment in ghx
acquisition of aperek, inc., net of cash acquired
acquisition of theradoc, inc., net of cash acquired
acquisition of symmedrx, net of cash acquired																																														0	-2,000	52,000	-28,740,000
acquisition of meddius, l.l.c, net of owner note receivable
acquisition of memdata, llc, net of cash acquired
payments made in connection with the origination of the credit facility
proceeds from issuance of class a common stock in connection with the ipo, net of underwriting fees and commissions
payments made in connection with the ipo
purchases of class b common units from member owners																																														0	0
proceeds from issuance of pshi common stock
proceeds from notes receivable from partners																																														-21,000	-20,000
issuance of limited partnership interest for notes receivable																																														0	0	0	7,860,000
reduction in redeemable limited partners' capital to reduce outstanding receivable																																														0	0	0	28,009,000
distributions and notes payable utilized to reduce subscriptions, notes, interest and accounts receivable from member owners
increase in redeemable limited partners' capital for adjustment to redemption amount, with offsetting decrease in additional paid-in capital and accumulated deficit
increase in additional paid-in capital related to quarterly exchanges by member owners and departure of member owners
increase in deferred tax assets related to purchase of non-controlling interest in s2s global
increase in deferred tax assets and additional paid-in capital related to the reorganization
increase in payables and decrease in additional paid-in capital pursuant to the tax receivable agreements
reduction in prepaid expenses and other current assets for ipo costs capitalized to additional paid-in capital
accounts payable, accrued expenses, revenue share obligations and other current liabilities																																							33,826,000	20,334,000	-32,710,000	25,164,000	24,424,000	28,978,000	-17,732,000	-5,268,000
purchase of noncontrolling interest in s2s global																																										0
proceeds from sale of property and equipment
repurchase of restricted units																																							-17,000	-8,000	-38,000	-45,000	-59,000	-12,000	-19,000	-7,000	-2,000
employee stock purchase plan expense
payments on senior secured line of credit																																														0	0
final remittance of net income attributable to s2s global before february 1, 2015
investment in unconsolidated affiliate																																									-1,000,000
supplemental schedule of non-cash investing and financing activities:
increase in redeemable limited partners' capital for adjustment to redemption amount, with offsetting increase in additional paid-in-capital and accumulated deficit																																									-466,801,000
increase in additional paid-in capital related to quarterly exchange by member owners and departure of member owners																																									879,000
increase in tax receivable agreement liability related to quarterly exchange by member owners																																									1,013,000
increase in deferred tax assets related to quarterly exchange by member owners																																									1,415,000
proceeds from sale of investment in global healthcare exchange, llc																																														522,000
acquisition of meddius, l.l.c., net of owner note receivable																																														0	0
capital expenditures	-19,504,000	-21,752,000	-21,020,000	-22,159,000	-17,718,000	-13,563,000	-18,558,000	-27,798,000	-21,270,000	-23,838,000	-20,048,000	-19,486,000	-18,930,000	-26,379,000	-18,401,000	-21,610,000	-21,050,000	-21,965,000	-22,047,000	-19,882,000	-24,982,000	-25,071,000			-21,983,000	-23,268,000	-22,828,000	-22,227,000	-25,062,000	-27,420,000	-26,638,000	-21,975,000	-16,647,000	-19,480,000	-17,567,000	-17,359,000	-16,966,000	-22,306,000	-15,802,000	-21,741,000	-17,141,000	0	-18,653,000	-18,051,000	-14,360,000	-15,898,000	-13,823,000	-13,720,000	-12,299,000
free cash flows	-3,646,000	86,233,000	93,109,000	89,509,000	49,929,000	92,727,000	136,332,000	-74,294,000	60,606,000	89,527,000	114,405,000	102,488,000	55,821,000	83,066,000	118,861,000	120,730,000	34,137,000	193,072,000	54,141,000	65,513,000	5,800,000	67,033,000			85,292,000	113,935,000	132,999,000	129,755,000	35,265,000	110,552,000	136,581,000	109,507,000	58,386,000	98,556,000	118,280,000	79,178,000	24,861,000	78,227,000	116,299,000	94,376,000	5,578,000	108,483,000	83,207,000	89,791,000	31,513,000	66,355,000	76,350,000	118,006,000	51,671,000
proceeds from senior secured line of credit																																														0	0
payments made in connection with the origination of credit facility
proceeds from issuance of phsi common stock																																														0	0
proceeds from issuance of redeemable limited partnership interest
deferred taxes																																											-1,186,000	-3,492,000	4,409,000	6,987,000	240,000	132,000	2,461,000
increase in redeemable limited partners' capital for adjustment to redemption amount, with offsetting decrease in additional paid-in-capital and accumulated deficit																																													382,657,000
reduction in prepaid expenses and other current assets for ipo costs capitalized to additional paid-in-capital																																															154,000
gain on sale of investment																																														-522,000
increase in redeemable limited partners' capital for adjustment to redemption amount, with offsetting decrease in additional paid-in-capital and retained earnings																																														-461,161,000	-517,063,000
proceeds from svs, llc revolving line of credit																																															800,000
proceeds from issuance of class a common stock in connection with the ipo, net of expenses																																															0
increase in deferred tax assets and additional paid-in-capital related to the reorganization																																															0
increase in payables and decrease in additional paid-in-capital pursuant to the tax receivable agreement																																															0
issuance of common stock for subscriptions receivable
amortization of discounts on investments																																																	26,000
gain on disposal of assets																																																	-4,000
accounts receivable, inventories, prepaid expenses and other current assets																																																	-11,277,000
proceeds from lines of credit																																																	63,800,000
proceeds from issuance of common stock																																																	300,000
supplemental schedule of noncash investing and financing activities:

Premier, Inc(NASDAQ:PINC)

Premier, Inc
(NASDAQ:PINC)