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10-Q Filing

Parker-Hannifin Corp CIK: 76334 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000076334-17-000132
Period End Date 20170930
Filing Date 20171108
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance ph-20170930.xml
Filing Contents
Balance Sheet 90 line items
Line Item Tag Value Unit Period
Serial preferred stock, par value (in USD per share) PreferredStockParOrStatedValuePerShare $0.50 USD Point-in-time
Serial preferred stock, par value (in USD per share) PreferredStockParOrStatedValuePerShare $0.50 USD Point-in-time
Serial preferred stock, authorized (in shares) PreferredStockSharesAuthorized 3.00M shares Point-in-time
Serial preferred stock, authorized (in shares) PreferredStockSharesAuthorized 3.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.39B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $874.77M USD Point-in-time
Serial preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Serial preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.22B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $884.89M USD Point-in-time
Marketable securities and other investments ShortTermInvestments $39.32M USD Point-in-time
Common stock, par value (in USD per share) CommonStockParOrStatedValuePerShare $0.50 USD Point-in-time
Marketable securities and other investments ShortTermInvestments $99.79M USD Point-in-time
Common stock, par value (in USD per share) CommonStockParOrStatedValuePerShare $0.50 USD Point-in-time
Trade accounts receivable, net Tradeaccountsreceivablenet $1.93B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Trade accounts receivable, net Tradeaccountsreceivablenet $1.92B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Non-trade and notes receivable Nontradeandnotesreceivable $254.99M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 181.05M shares Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 181.05M shares Point-in-time
Non-trade and notes receivable Nontradeandnotesreceivable $266.42M USD Point-in-time
Treasury shares, shares TreasuryStockShares 47.85M shares Point-in-time
Inventories InventoryNet $1.55B USD Point-in-time
Inventories InventoryNet $1.71B USD Point-in-time
Treasury shares, shares TreasuryStockShares 47.82M shares Point-in-time
Prepaid expenses PrepaidExpenseCurrent $134.35M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $120.28M USD Point-in-time
Total current assets AssetsCurrent $5.00B USD Point-in-time
Total current assets AssetsCurrent $4.78B USD Point-in-time
Plant and equipment PropertyPlantAndEquipmentGross $5.19B USD Point-in-time
Plant and equipment PropertyPlantAndEquipmentGross $5.29B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.25B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.33B USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $1.96B USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $1.94B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $35.19M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $36.06M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $834.09M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $842.48M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.22B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.31B USD Point-in-time
Goodwill Goodwill $5.59B USD Point-in-time
Goodwill Goodwill $5.68B USD Point-in-time
Total assets Assets $15.73B USD Point-in-time
Total assets Assets $15.49B USD Point-in-time
Notes payable and long-term debt payable within one year LongTermDebtCurrent $1.14B USD Point-in-time
Notes payable and long-term debt payable within one year LongTermDebtCurrent $1.01B USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.30B USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.30B USD Point-in-time
Accrued payrolls and other compensation EmployeeRelatedLiabilitiesCurrent $435.91M USD Point-in-time
Accrued payrolls and other compensation EmployeeRelatedLiabilitiesCurrent $329.18M USD Point-in-time
Accrued domestic and foreign taxes AccruedIncomeTaxesCurrent $153.14M USD Point-in-time
Accrued domestic and foreign taxes AccruedIncomeTaxesCurrent $173.29M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $516.34M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $497.85M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.47B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.40B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.79B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.86B USD Point-in-time
Pensions and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.41B USD Point-in-time
Pensions and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.39B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $212.33M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $221.79M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $336.93M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $341.19M USD Point-in-time
Total liabilities Liabilities $10.22B USD Point-in-time
Total liabilities Liabilities $10.20B USD Point-in-time
Serial preferred stock, $.50 par value; authorized 3,000,000 shares; none issued PreferredStockValue - USD Point-in-time
Serial preferred stock, $.50 par value; authorized 3,000,000 shares; none issued PreferredStockValue - USD Point-in-time
Common stock, $.50 par value; authorized 600,000,000 shares; issued 181,046,128 shares at September 30 and June 30 CommonStockValue $90.52M USD Point-in-time
Common stock, $.50 par value; authorized 600,000,000 shares; issued 181,046,128 shares at September 30 and June 30 CommonStockValue $90.52M USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $528.96M USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $543.88M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $10.93B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $11.13B USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.82B USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.92B USD Point-in-time
Treasury shares, at cost; 47,820,071 shares at September 30 and 47,854,475 shares at June 30 TreasuryStockValue $4.40B USD Point-in-time
Treasury shares, at cost; 47,820,071 shares at September 30 and 47,854,475 shares at June 30 TreasuryStockValue $4.38B USD Point-in-time
Total shareholders equity StockholdersEquity $5.26B USD Point-in-time
Total shareholders equity StockholdersEquity $5.52B USD Point-in-time
Noncontrolling interests MinorityInterest $5.70M USD Point-in-time
Noncontrolling interests MinorityInterest $5.72M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.27B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.65B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.53B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.58B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.73B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.49B USD Point-in-time
Income Statement 26 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $3.36B USD 1 Quarter
Net sales SalesRevenueNet $2.74B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.53B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.11B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $401.67M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $322.97M USD 1 Quarter
Interest expense InterestExpense $53.55M USD 1 Quarter
Interest expense InterestExpense $34.15M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-2.24M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $12.24M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $374.30M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $292.25M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $82.01M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $88.77M USD 1 Quarter
Net income ProfitLoss $285.54M USD 1 Quarter
Net income ProfitLoss $210.24M USD 1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $109.00K USD 1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $138.00K USD 1 Quarter
Net income attributable to common shareholders NetIncomeLoss $210.13M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLoss $285.40M USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $1.57 USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $2.14 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $2.10 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $1.55 USD 1 Quarter
Cash dividends per common share (in USD per share) CommonStockDividendsPerShareCashPaid $0.66 USD 1 Quarter
Cash dividends per common share (in USD per share) CommonStockDividendsPerShareCashPaid $0.63 USD 1 Quarter
Cash Flow Statement 82 line items
Line Item Tag Value Unit Period
Acquisitions, cash acquired CashAcquiredFromAcquisition - USD 1 Quarter
Acquisitions, cash acquired CashAcquiredFromAcquisition $1.76M USD 1 Quarter
Net income ProfitLoss $285.54M USD 1 Quarter
Net income ProfitLoss $210.24M USD 1 Quarter
Depreciation Depreciation $59.96M USD 1 Quarter
Depreciation Depreciation $47.00M USD 1 Quarter
Amortization AdjustmentForAmortization $56.15M USD 1 Quarter
Amortization AdjustmentForAmortization $28.34M USD 1 Quarter
Share incentive plan compensation ShareBasedCompensation $43.21M USD 1 Quarter
Share incentive plan compensation ShareBasedCompensation $35.82M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $10.22M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $90.70M USD 1 Quarter
Foreign currency transaction loss ForeignCurrencyTransactionGainLossUnrealized $-3.59M USD 1 Quarter
Foreign currency transaction loss ForeignCurrencyTransactionGainLossUnrealized $-5.00M USD 1 Quarter
(Gain) on sale of plant and equipment GainLossOnSaleOfPropertyPlantEquipment $256.00K USD 1 Quarter
(Gain) on sale of plant and equipment GainLossOnSaleOfPropertyPlantEquipment $681.00K USD 1 Quarter
(Gain) on sale of marketable securities GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments - USD 1 Quarter
(Gain) on sale of marketable securities GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments $167.00K USD 1 Quarter
Loss on sale of investment GainLossOnSaleOfInvestments - USD 1 Quarter
Loss on sale of investment GainLossOnSaleOfInvestments $-13.78M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-23.43M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-145.66M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $64.75M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $142.74M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $13.05M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $40.11M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-3.92M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $28.52M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-9.75M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-21.21M USD 1 Quarter
Accrued payrolls and other compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-102.99M USD 1 Quarter
Accrued payrolls and other compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-109.52M USD 1 Quarter
Accrued domestic and foreign taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-15.13M USD 1 Quarter
Accrued domestic and foreign taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $17.25M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $5.08M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $11.16M USD 1 Quarter
Pensions and other postretirement benefits IncreaseDecreaseInPensionAndPostretirementObligations $-216.24M USD 1 Quarter
Pensions and other postretirement benefits IncreaseDecreaseInPensionAndPostretirementObligations $18.80M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-287.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $3.48M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $113.93M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $238.96M USD 1 Quarter
Acquisitions (net of cash acquired of $1,760 in 2016) PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisitions (net of cash acquired of $1,760 in 2016) PaymentsToAcquireBusinessesNetOfCashAcquired $29.93M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $32.53M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $79.34M USD 1 Quarter
Proceeds from sale of plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $12.45M USD 1 Quarter
Proceeds from sale of plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $4.50M USD 1 Quarter
Purchases of marketable securities and other investments PaymentsToAcquireInvestments $70.25M USD 1 Quarter
Purchases of marketable securities and other investments PaymentsToAcquireInvestments $189.65M USD 1 Quarter
Maturities of marketable securities and other investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $291.37M USD 1 Quarter
Maturities of marketable securities and other investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $12.50M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-1.45M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-6.37M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $45.21M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-118.28M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $788.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.79M USD 1 Quarter
Payments for common shares PaymentsForRepurchaseOfCommonStock $78.71M USD 1 Quarter
Payments for common shares PaymentsForRepurchaseOfCommonStock $132.53M USD 1 Quarter
Proceeds from notes payable, net ProceedsFromRepaymentsOfNotesPayable $233.07M USD 1 Quarter
Proceeds from notes payable, net ProceedsFromRepaymentsOfNotesPayable $35.20M USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt $928.00K USD 1 Quarter
Payments for long-term borrowings RepaymentsOfLongTermDebt $6.52M USD 1 Quarter
Payments for long-term borrowings RepaymentsOfLongTermDebt $1.12M USD 1 Quarter
Dividends PaymentsOfDividends $88.10M USD 1 Quarter
Dividends PaymentsOfDividends $84.75M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-135.41M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $15.46M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $4.61M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.41M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $172.20M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-10.12M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $884.89M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.39B USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $874.77M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $1.22B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $874.77M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.22B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.39B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $884.89M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $285.54M USD 1 Quarter
Net income ProfitLoss $210.24M USD 1 Quarter
Less: Noncontrolling interests in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $109.00K USD 1 Quarter
Less: Noncontrolling interests in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $138.00K USD 1 Quarter
Net income attributable to common shareholders NetIncomeLoss $210.13M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLoss $285.40M USD 1 Quarter
Foreign currency translation adjustment and other Othercomprehensiveincomelossforeigncurrencytransactionandtranslationadjustmentandothernetoftax $72.88M USD 1 Quarter
Foreign currency translation adjustment and other Othercomprehensiveincomelossforeigncurrencytransactionandtranslationadjustmentandothernetoftax $8.18M USD 1 Quarter
Retirement benefits plan activity OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-34.16M USD 1 Quarter
Retirement benefits plan activity OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-26.73M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $42.34M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $99.61M USD 1 Quarter
Less: Other comprehensive (loss) income for noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $49.00K USD 1 Quarter
Less: Other comprehensive (loss) income for noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $-87.00K USD 1 Quarter
Other comprehensive income attributable to common shareholders OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $99.70M USD 1 Quarter
Other comprehensive income attributable to common shareholders OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $42.29M USD 1 Quarter
Total comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $385.10M USD 1 Quarter
Total comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $252.42M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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