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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 375,617 $ 184,805
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,758 61,232
Equity in net income of unconsolidated affiliates (14,789) (16,002)
Deferred income taxes 45,961 22,345
Stock-based compensation 19,125 36,785
Adjustment to tax receivable agreement liability (2,954) (4,818)
Remeasurement gain attributable to acquisition of Innovatix, LLC (204,833) 0
Loss on disposal of long-lived assets 2,243 0
Changes in operating assets and liabilities:    
Accounts receivable, prepaid expenses and other current assets 7,037 (27,071)
Other assets 405 (9,773)
Inventories (14,693) 3,751
Accounts payable, accrued expenses and other current liabilities (11,082) 21,450
Long-term liabilities (1,221) (1,246)
Other operating activities (4,363) (521)
Net cash provided by operating activities 274,211 270,937
Investing activities    
Purchase of marketable securities 0 (19,211)
Proceeds from sale of marketable securities 48,013 367,600
Acquisition of Innovatix, LLC and Essensa Ventures, LLC, net of cash acquired (319,717) 0
Acquisition of Acro Pharmaceutical Services LLC and Community Pharmacy Services, LLC, net of cash acquired (64,500) 0
Acquisition of CECity.com, Inc., net of cash acquired 0 (398,261)
Acquisition of Healthcare Insights, LLC, net of cash acquired 0 (64,274)
Acquisition of InFlow Health, LLC 0 (6,088)
Investment in unconsolidated affiliates (65,660) (3,250)
Distributions received on equity investments in unconsolidated affiliates 6,550 17,043
Purchases of property and equipment (51,892) (54,684)
Other investing activities 25 (6)
Net cash used in investing activities (447,181) (161,131)
Financing activities    
Payments made on notes payable (3,336) (1,847)
Proceeds from credit facility 425,000 150,000
Payments on credit facility (57,500) (100,000)
Proceeds from exercise of stock options under equity incentive plan 3,322 2,519
Proceeds from issuance of Class A common stock under stock purchase plan 1,256 1,302
Repurchase of vested restricted units for employee tax-withholding (17,678) (63)
Settlement of exchange of Class B units by member owners (123,330) 0
Distributions to limited partners of Premier LP (67,363) (67,965)
Final remittance of net income attributable to former S2S Global minority shareholder 0 (1,890)
Net cash provided by (used in) financing activities 160,371 (17,944)
Net increase (decrease) in cash and cash equivalents (12,599) 91,862
Cash and cash equivalents at beginning of year 248,817 146,522
Cash and cash equivalents at end of period 236,218 238,384
Supplemental schedule of non cash investing and financing activities:    
Decrease in redeemable limited partners' capital for adjustment to fair value, with offsetting decreases in additional paid-in-capital and accumulated deficit 296,566 685,649
Reduction in redeemable limited partners' capital, with offsetting increases in common stock and additional paid-in capital related to quarterly exchanges by member owners 123,781 260,598
Reduction in redeemable limited partners' capital for limited partners' distribution payable 67,941 24,743
Distributions utilized to reduce subscriptions, notes, interest and accounts receivable from member owners 1,561 4,813
Net increase in deferred tax assets related to quarterly exchanges by member owners and other adjustments 94,594 92,387
Net increase in tax receivable agreement liability related to quarterly exchanges by member owners and other adjustments 70,708 58,193
Net increase in additional paid-in capital related to quarterly exchanges by member owners and other adjustments 23,886 34,195
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 15,460 0
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 5,955 0
Payable to member owners incurred upon repurchase of ownership interest $ 132 $ 2,888