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SEGMENTS (Tables) | 12 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of Reconciliation of Net Revenue and EBITDA | The following table presents disaggregated revenue by reportable business segment and underlying source (in thousands):
| Year Ended June 30,
| 2022 |  | 2021 |  | 2020
Net revenue: |  |  |  |  |
Supply Chain Services |  |  |  |  |
Net administrative fees | $ | 601,128 |  |  | $ | 572,700 |  |  | $ | 670,593 |
Software licenses, other services and support | 37,312 |  |  | 26,812 |  |  | 12,225 |
Services and software licenses | 638,440 |  |  | 599,512 |  |  | 682,818 |
Products | 393,506 |  |  | 744,122 |  |  | 269,945 |
Total Supply Chain Services (a)(b) | 1,031,946 |  |  | 1,343,634 |  |  | 952,763 |
Performance Services |  |  |  |  |
Software licenses, other services and support |  |  |  |  |
SaaS-based products subscriptions | 193,586 |  |  | 198,512 |  |  | 203,390 |
Consulting services | 64,087 |  |  | 58,851 |  |  | 56,936 |
Software licenses | 65,621 |  |  | 56,157 |  |  | 42,556 |
Other | 77,689 |  |  | 63,998 |  |  | 43,947 |
Total Performance Services (a) | 400,983 |  |  | 377,518 |  |  | 346,829 |
Total segment net revenue | 1,432,929 |  |  | 1,721,152 |  |  | 1,299,592 |
Eliminations (a) | (28) |  |  | — |  |  | — |
Net revenue | $ | 1,432,901 |  |  | $ | 1,721,152 |  |  | $ | 1,299,592 |
_________________________________ (a)Includes intersegment revenue that is eliminated in consolidation. Intersegment revenue is not separately identified in Segments as the amounts are not material. (b)Consolidated net revenues for the fiscal year ended June 30, 2021 includes revenue generated from our largest customer, a non-healthcare customer, which accounted for approximately 15% of our consolidated net revenues. The significant increase in revenue generated from our largest customer in the fiscal year ended June 30, 2021 is due to the increase in products revenue primarily as of result of the COVID-19 pandemic. Additional segment information related to depreciation and amortization expense, capital expenditures and total assets was as follows (in thousands):
| Year Ended June 30,
Depreciation and amortization expense (a): | 2022 |  | 2021 |  | 2020
Supply Chain Services | $ | 55,424 |  |  | $ | 37,073 |  |  | $ | 25,968 |
Performance Services | 64,674 |  |  | 75,391 |  |  | 118,556 |
Corporate | 9,009 |  |  | 8,598 |  |  | 8,303 |
Total depreciation and amortization expense | $ | 129,107 |  |  | $ | 121,062 |  |  | $ | 152,827 |
Capital expenditures: |  |  |  |  |
Supply Chain Services | $ | 29,677 |  |  | $ | 10,408 |  |  | $ | 7,143 |
Performance Services | 51,298 |  |  | 72,068 |  |  | 78,231 |
Corporate | 6,465 |  |  | 6,400 |  |  | 9,023 |
Total capital expenditures | $ | 87,440 |  |  | $ | 88,876 |  |  | $ | 94,397 |
| Year Ended June 30,
Total assets: | 2022 |  | 2021
Supply Chain Services | $ | 1,406,108 |  |  | $ | 1,550,300 |
Performance Services | 1,054,687 |  |  | 1,043,608 |
Corporate | 896,336 |  |  | 928,939 |
Total assets | 3,357,131 |  |  | 3,522,847 |
Eliminations (b) | (4) |  |  | 51 |
Total assets, net | $ | 3,357,127 |  |  | $ | 3,522,898 |
_________________________________ (a)Includes amortization of purchased intangible assets. (b)Includes eliminations of intersegment transactions which occur during the ordinary course of business.
Schedule of Reconciliation of Segment Adjusted EBITDA to Operating Income | A reconciliation of income before income taxes to the unaudited Segment Adjusted EBITDA, a Non-GAAP financial measure, is as follows (in thousands):
| Year Ended June 30,
| 2022 |  | 2021 |  | 2020
Income before income taxes | $ | 326,900 |  |  | $ | 250,641 |  |  | $ | 383,687 |
Equity in net income of unconsolidated affiliates (a) | (23,505) |  |  | (21,073) |  |  | (12,537) |
Interest expense, net | 11,142 |  |  | 11,964 |  |  | 11,313 |
(Gain) loss on FFF put and call rights (b) | (64,110) |  |  | 27,352 |  |  | (4,690) |
Other expense (income), net | 9,646 |  |  | (11,967) |  |  | (4,153) |
Operating income | 260,073 |  |  | 256,917 |  |  | 373,620 |
Depreciation and amortization | 85,171 |  |  | 76,309 |  |  | 97,297 |
Amortization of purchased intangible assets | 43,936 |  |  | 44,753 |  |  | 55,530 |
Stock-based compensation (c) | 46,809 |  |  | 35,915 |  |  | 21,132 |
Acquisition- and disposition-related expenses | 11,453 |  |  | 18,095 |  |  | 19,319 |
Strategic initiative and financial restructuring-related expenses | 18,005 |  |  | 6,990 |  |  | 4,228 |
Remeasurement of tax receivable agreement liabilities (d) | — |  |  | — |  |  | (24,584) |
Equity in net income of unconsolidated affiliates (a) | 23,505 |  |  | 21,073 |  |  | 12,537 |
Deferred compensation plan (expense) income (e) | (9,401) |  |  | 12,745 |  |  | 3,904 |
Impairment of assets | 18,829 |  |  | — |  |  | — |
Other reconciling items, net | 302 |  |  | 433 |  |  | 1,057 |
Adjusted EBITDA | $ | 498,682 |  |  | $ | 473,230 |  |  | $ | 564,040 |
Segment Adjusted EBITDA: |  |  |  |  |
Supply Chain Services (f) | $ | 500,854 |  |  | $ | 467,868 |  |  | $ | 570,298 |
Performance Services (f) | 126,938 |  |  | 132,225 |  |  | 111,282 |
Corporate | (129,110) |  |  | (126,863) |  |  | (117,540) |
Adjusted EBITDA | $ | 498,682 |  |  | $ | 473,230 |  |  | $ | 564,040 |
_________________________________ (a)Refer to Note 5 - Investments for further information. (b)Refer to Note 6 - Fair Value Measurements for more information. (c)Represents non-cash employee stock-based compensation expense and stock purchase plan expense of $0.6 million, $0.5 million and $0.4 million for the years ended June 30, 2022, 2021 and 2020, respectively. (d)The adjustments to TRA liabilities for the year ended June 30, 2020 are primarily attributable to decreases in the Premier, Inc. effective tax rate related to state tax liabilities and the TCJA, respectively. (e)Represents realized and unrealized gains and losses and dividend income on deferred compensation plan assets. (f)Includes intersegment revenue which is eliminated in consolidation.

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