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10-Q Filing

Parker-Hannifin Corp CIK: 76334 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000076334-18-000119
Period End Date 20180930
Filing Date 20181107
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance ph-20180930.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 $822.14M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $874.77M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $952.12M 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 $884.89M USD Point-in-time
Marketable securities and other investments ShortTermInvestments $40.79M USD Point-in-time
Marketable securities and other investments ShortTermInvestments $32.99M USD Point-in-time
Common stock, par value (in USD per share) CommonStockParOrStatedValuePerShare $0.50 USD Point-in-time
Common stock, par value (in USD per share) CommonStockParOrStatedValuePerShare $0.50 USD Point-in-time
Trade accounts receivable, net AccountsReceivableNetCurrent $2.15B USD Point-in-time
Trade accounts receivable, net AccountsReceivableNetCurrent $2.07B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 600.00M shares 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 $328.40M USD Point-in-time
Non-trade and notes receivable Nontradeandnotesreceivable $312.16M USD Point-in-time
Inventories InventoryNet $1.76B USD Point-in-time
Treasury shares (in shares) TreasuryStockShares 48.70M shares Point-in-time
Inventories InventoryNet $1.62B USD Point-in-time
Treasury shares (in shares) TreasuryStockShares 48.63M shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $134.89M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $165.21M USD Point-in-time
Total current assets AssetsCurrent $5.09B USD Point-in-time
Total current assets AssetsCurrent $5.30B USD Point-in-time
Plant and equipment PropertyPlantAndEquipmentGross $5.22B USD Point-in-time
Plant and equipment PropertyPlantAndEquipmentGross $5.21B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.36B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.38B USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $1.86B USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $1.83B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $57.62M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $99.89M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $801.05M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $757.79M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.02B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.96B USD Point-in-time
Goodwill Goodwill $5.49B USD Point-in-time
Goodwill Goodwill $5.50B USD Point-in-time
Total assets Assets $15.32B USD Point-in-time
Total assets Assets $15.43B USD Point-in-time
Notes payable and long-term debt payable within one year LongTermDebtCurrent $796.86M USD Point-in-time
Notes payable and long-term debt payable within one year LongTermDebtCurrent $638.47M USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.40B USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.43B USD Point-in-time
Accrued payrolls and other compensation EmployeeRelatedLiabilitiesCurrent $427.50M USD Point-in-time
Accrued payrolls and other compensation EmployeeRelatedLiabilitiesCurrent $318.73M USD Point-in-time
Accrued domestic and foreign taxes AccruedIncomeTaxesCurrent $198.88M USD Point-in-time
Accrued domestic and foreign taxes AccruedIncomeTaxesCurrent $238.42M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $549.79M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $502.33M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.20B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.31B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.32B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.31B USD Point-in-time
Pensions and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $958.94M USD Point-in-time
Pensions and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.18B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $265.42M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $234.86M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $471.84M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $526.09M USD Point-in-time
Total liabilities Liabilities $9.32B USD Point-in-time
Total liabilities Liabilities $9.45B 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 $503.05M USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $496.59M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $11.90B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $11.63B USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.76B USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.78B USD Point-in-time
Treasury shares, at cost; 48,697,274 shares at September 30 and 48,632,105 shares at June 30 TreasuryStockValue $4.59B USD Point-in-time
Treasury shares, at cost; 48,697,274 shares at September 30 and 48,632,105 shares at June 30 TreasuryStockValue $4.62B USD Point-in-time
Total shareholders equity StockholdersEquity $6.10B USD Point-in-time
Total shareholders equity StockholdersEquity $5.86B USD Point-in-time
Noncontrolling interests MinorityInterest $5.63M USD Point-in-time
Noncontrolling interests MinorityInterest $5.73M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.27B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.87B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.53B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.11B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.32B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.43B USD Point-in-time
Income Statement 24 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.36B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.48B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.52B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.59B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $394.32M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $396.98M USD 1 Quarter
Interest expense InterestExpense $53.55M USD 1 Quarter
Interest expense InterestExpense $44.34M USD 1 Quarter
Other (income) expense, net OtherNonoperatingIncomeExpense $13.91M USD 1 Quarter
Other (income) expense, net OtherNonoperatingIncomeExpense $-16.52M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $374.30M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $459.72M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $88.77M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $83.82M USD 1 Quarter
Net income ProfitLoss $375.90M USD 1 Quarter
Net income ProfitLoss $285.54M USD 1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $188.00K USD 1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $138.00K USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $375.71M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $285.40M USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $2.84 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 $2.79 USD 1 Quarter
Cash Flow Statement 85 line items
Line Item Tag Value Unit Period
Acquisitions, cash acquired CashAcquiredFromAcquisition $690.00K USD 1 Quarter
Net income ProfitLoss $375.90M USD 1 Quarter
Net income ProfitLoss $285.54M USD 1 Quarter
Depreciation Depreciation $57.79M USD 1 Quarter
Depreciation Depreciation $59.96M USD 1 Quarter
Amortization AdjustmentForAmortization $56.15M USD 1 Quarter
Amortization AdjustmentForAmortization $54.70M USD 1 Quarter
Share incentive plan compensation ShareBasedCompensation $43.21M USD 1 Quarter
Share incentive plan compensation ShareBasedCompensation $42.94M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $10.22M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $31.77M USD 1 Quarter
Foreign currency transaction loss ForeignCurrencyTransactionGainLossUnrealized $-3.53M USD 1 Quarter
Foreign currency transaction loss ForeignCurrencyTransactionGainLossUnrealized $-3.59M USD 1 Quarter
(Gain) on sale of plant and equipment GainLossOnSaleOfPropertyPlantEquipment $256.00K USD 1 Quarter
(Gain) on sale of plant and equipment GainLossOnSaleOfPropertyPlantEquipment $3.83M USD 1 Quarter
Loss on sale of businesses GainLossOnSaleOfBusiness - USD 1 Quarter
Loss on sale of businesses GainLossOnSaleOfBusiness $-3.03M USD 1 Quarter
(Gain) on marketable securities GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments $3.20M USD 1 Quarter
(Gain) on marketable securities GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments - USD 1 Quarter
(Gain) loss on investments GainLossOnInvestments $2.54M USD 1 Quarter
(Gain) loss on investments GainLossOnInvestments $-13.78M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-23.43M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-78.37M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $142.74M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $125.00M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $13.05M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $16.80M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $29.49M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $19.14M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-24.35M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-9.75M USD 1 Quarter
Accrued payrolls and other compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-109.52M USD 1 Quarter
Accrued payrolls and other compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-106.99M USD 1 Quarter
Accrued domestic and foreign taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $40.67M USD 1 Quarter
Accrued domestic and foreign taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $17.25M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $11.16M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $18.97M USD 1 Quarter
Pensions and other postretirement benefits IncreaseDecreaseInPensionAndPostretirementObligations $-187.66M USD 1 Quarter
Pensions and other postretirement benefits IncreaseDecreaseInPensionAndPostretirementObligations $18.80M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-58.77M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-287.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $238.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $159.39M USD 1 Quarter
Acquisitions (net of cash acquired of $690 in 2018) PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisitions (net of cash acquired of $690 in 2018) PaymentsToAcquireBusinessesNetOfCashAcquired $2.04M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $42.11M 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 $10.97M USD 1 Quarter
Proceeds from sale of businesses ProceedsFromDivestitureOfBusinessesNetOfCashDivested $4.51M USD 1 Quarter
Proceeds from sale of businesses ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 1 Quarter
Purchases of marketable securities and other investments PaymentsToAcquireInvestments $70.25M USD 1 Quarter
Purchases of marketable securities and other investments PaymentsToAcquireInvestments $2.84M USD 1 Quarter
Maturities of marketable securities and other investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $12.50M USD 1 Quarter
Maturities of marketable securities and other investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $14.13M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-7.33M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-2.32M USD 1 Quarter
Net cash (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-15.06M USD 1 Quarter
Net cash (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-117.31M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $496.00K 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 $65.35M USD 1 Quarter
Proceeds from notes payable, net ProceedsFromRepaymentsOfNotesPayable $35.20M USD 1 Quarter
Proceeds from notes payable, net ProceedsFromRepaymentsOfNotesPayable $258.54M USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt $44.00K USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt $928.00K USD 1 Quarter
Payments for long-term borrowings RepaymentsOfLongTermDebt $100.11M USD 1 Quarter
Payments for long-term borrowings RepaymentsOfLongTermDebt $6.52M USD 1 Quarter
Dividends PaymentsOfDividends $88.10M USD 1 Quarter
Dividends PaymentsOfDividends $100.87M USD 1 Quarter
Net cash (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-135.41M USD 1 Quarter
Net cash (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-7.25M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-7.09M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $4.61M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-10.12M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $129.99M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $822.14M 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 $952.12M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $884.89M 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 $952.12M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $822.14M 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 $375.90M USD 1 Quarter
Net income ProfitLoss $285.54M USD 1 Quarter
Less: Noncontrolling interests in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $188.00K USD 1 Quarter
Less: Noncontrolling interests in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $138.00K USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $375.71M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $285.40M USD 1 Quarter
Foreign currency translation adjustment and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $72.88M USD 1 Quarter
Foreign currency translation adjustment and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-35.12M USD 1 Quarter
Retirement benefits plan activity OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-26.73M USD 1 Quarter
Retirement benefits plan activity OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-23.87M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $99.61M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-11.25M USD 1 Quarter
Less: Other comprehensive (loss) for noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $-89.00K USD 1 Quarter
Less: Other comprehensive (loss) for noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $-87.00K USD 1 Quarter
Other comprehensive income (loss) attributable to common shareholders OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-11.16M USD 1 Quarter
Other comprehensive income (loss) attributable to common shareholders OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $99.70M USD 1 Quarter
Total comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $364.55M USD 1 Quarter
Total comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $385.10M USD 1 Quarter

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

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