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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Operating activities      
Net income $ 257,570 $ 449,477 $ 235,161
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 126,759 107,211 84,156
Equity in net income of unconsolidated affiliates (1,174) (14,745) (21,647)
Deferred income taxes 232,990 60,562 25,714
Stock-based compensation 29,408 26,470 48,670
Remeasurement of tax receivable agreement liabilities (177,174) (5,447) (4,818)
Remeasurement gain attributable to acquisition of Innovatix, LLC 0 (205,146) 0
Loss on disposal of long-lived assets 2,376 2,422 0
Changes in operating assets and liabilities:      
Accounts receivable, prepaid expenses and other current assets (14,291) 3,365 (37,250)
Other assets (824) 6,821 (9,638)
Inventories (15,713) (16,349) 3,937
Accounts payable, accrued expenses and other current liabilities 32,767 (24,482) 50,313
Long-term liabilities 6,673 (901) (4,195)
Loss on FFF put and call rights 22,036 3,935 0
Other operating activities 6,303 (946) 1,067
Net cash provided by operating activities 507,706 392,247 371,470
Investing activities      
Purchases of property and equipment (92,680) (71,372) (76,990)
Purchase of marketable securities 0 0 (19,211)
Proceeds from sale of marketable securities 0 48,013 386,372
Investment in unconsolidated affiliates 0 (65,660) (3,250)
Distributions received on equity investments in unconsolidated affiliates 0 6,550 22,093
Other investing activities 0 25 (27)
Net cash used in investing activities (92,680) (465,053) (159,636)
Financing activities      
Payments made on notes payable (8,002) (5,486) (2,143)
Proceeds from credit facility 30,000 425,000 150,000
Payments on credit facility (150,000) (205,000) (150,000)
Proceeds from exercise of stock options under equity incentive plans 8,019 9,168 3,552
Proceeds from issuance of Class A common stock under stock purchase plan 2,619 2,483 2,317
Repurchase of vested restricted units for employee tax-withholding (5,965) (17,717) (7,863)
Distributions to limited partners of Premier LP (79,255) (90,434) (92,707)
Payments to limited partners of Premier LP related to tax receivable agreements 0 (13,959) (10,805)
Earn-out liability payment to GNYHA Holdings (16,662) 0 0
Final remittance of net income attributable to former S2S Global minority shareholder 0 0 (1,890)
Net cash used in financing activities (419,375) (19,276) (109,539)
Net increase (decrease) in cash and cash equivalents (4,349) (92,082) 102,295
Cash and cash equivalents at beginning of year 156,735 248,817 146,522
Cash and cash equivalents at end of year 152,386 156,735 248,817
Supplemental schedule of non cash investing and financing activities:      
Increase (decrease) in redeemable limited partners' capital for adjustment to fair value, with offsetting decrease (increase) in additional paid-in-capital and accumulated deficit (157,581) 37,176 (776,750)
Reduction in redeemable limited partners' capital, with offsetting increase in common stock and additional paid-in capital related to quarterly exchange by member owners 216,122 157,371 267,681
Reduction in redeemable limited partners' capital for limited partners' distribution payable 15,465 24,951 22,493
Distributions utilized to reduce subscriptions, notes, interest and accounts receivable from member owners 1,972 2,049 5,407
Net increase in deferred tax assets related to quarterly exchanges by member owners and other adjustments 86,788 114,605 94,839
Net increase in tax receivable agreement liabilities related to quarterly exchanges by member owners and other adjustments 92,554 79,463 59,408
Net increase (decrease) in additional paid-in capital related to quarterly exchanges by member owners and other adjustments (5,766) 35,141 35,431
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 0 15,460 0
Payable to member owners incurred upon repurchase of ownership interest 942 416 3,556
Innovatix LLC And Essensa Ventures, LLC      
Investing activities      
Acquisition, net of cash acquired 0 (319,717) 0
Financing activities      
Earn-out liability payment to GNYHA Holdings (21,100)    
Acro Pharmaceutical Services LLC And Community Pharmacy Services, LLC      
Investing activities      
Acquisition, net of cash acquired 0 (62,892) 0
CECity.com, Inc.      
Investing activities      
Acquisition, net of cash acquired 0 0 (398,261)
Healthcare Insights, LLC      
Investing activities      
Acquisition, net of cash acquired 0 0 (64,274)
InFlowHealth, LLC      
Investing activities      
Acquisition, net of cash acquired 0 0 (6,088)
Common Class B Unit      
Financing activities      
Settlement of exchange of Class B units by member owners, and Repurchase of Class A common stock 0 (123,331) 0
Class A Common Stock      
Financing activities      
Settlement of exchange of Class B units by member owners, and Repurchase of Class A common stock $ (200,129) $ 0 $ 0