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10-Q Filing

Parker-Hannifin Corp CIK: 76334 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000076334-20-000131
Period End Date 20200930
Filing Date 20201106
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance ph-10qxq19302020_htm.xml
Filing Contents
Balance Sheet 88 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 $742.39M 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 $685.51M USD Point-in-time
Marketable securities and other investments ShortTermInvestments $70.81M USD Point-in-time
Marketable securities and other investments ShortTermInvestments $33.46M 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 Tradeaccountsreceivablenet $1.85B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Trade accounts receivable, net Tradeaccountsreceivablenet $1.86B USD 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
Non-trade and notes receivable Nontradeandnotesreceivable $244.87M USD Point-in-time
Non-trade and notes receivable Nontradeandnotesreceivable $273.99M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 181.05M shares Point-in-time
Treasury shares (in shares) TreasuryStockShares 52.25M shares Point-in-time
Treasury shares (in shares) TreasuryStockShares 52.49M shares Point-in-time
Inventories InventoryNet $1.81B USD Point-in-time
Inventories InventoryNet $1.80B USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $214.99M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $163.53M USD Point-in-time
Total current assets AssetsCurrent $4.89B USD Point-in-time
Total current assets AssetsCurrent $4.87B USD Point-in-time
Plant and equipment PropertyPlantAndEquipmentGross $5.81B USD Point-in-time
Plant and equipment PropertyPlantAndEquipmentGross $5.90B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.52B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.61B USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $2.29B USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $2.29B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $126.84M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $129.75M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $764.56M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $778.59M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.80B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.74B USD Point-in-time
Goodwill Goodwill $7.87B USD Point-in-time
Goodwill Goodwill $7.97B USD Point-in-time
Total assets Assets $19.79B USD Point-in-time
Total assets Assets $19.74B USD Point-in-time
Notes payable and long-term debt payable within one year LongTermDebtCurrent $884.45M USD Point-in-time
Notes payable and long-term debt payable within one year LongTermDebtCurrent $809.53M USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.26B USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.11B USD Point-in-time
Accrued payrolls and other compensation EmployeeRelatedLiabilitiesCurrent $424.23M USD Point-in-time
Accrued payrolls and other compensation EmployeeRelatedLiabilitiesCurrent $332.11M USD Point-in-time
Accrued domestic and foreign taxes AccruedIncomeTaxesCurrent $196.43M USD Point-in-time
Accrued domestic and foreign taxes AccruedIncomeTaxesCurrent $195.31M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $650.24M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $607.54M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.33B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.15B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $7.65B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $7.06B USD Point-in-time
Pensions and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.86B USD Point-in-time
Pensions and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.89B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $413.89M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $382.53M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $539.09M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $577.33M USD Point-in-time
Total liabilities Liabilities $13.61B USD Point-in-time
Total liabilities Liabilities $13.24B 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 $416.58M USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $428.33M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $13.53B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $13.74B USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.39B USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.56B USD Point-in-time
Treasury shares, at cost; 52,245,884 shares at September 30 and 52,490,165 shares at June 30 TreasuryStockValue $5.34B USD Point-in-time
Treasury shares, at cost; 52,245,884 shares at September 30 and 52,490,165 shares at June 30 TreasuryStockValue $5.36B USD Point-in-time
Total shareholders equity StockholdersEquity $6.53B USD Point-in-time
Total shareholders equity StockholdersEquity $6.11B USD Point-in-time
Noncontrolling interests MinorityInterest $14.55M USD Point-in-time
Noncontrolling interests MinorityInterest $15.29M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.97B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.10B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.13B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.54B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $19.79B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $19.74B USD Point-in-time
Income Statement 24 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.33B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.23B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.48B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.38B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $399.18M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $369.85M USD 1 Quarter
Interest expense InterestExpense $65.96M USD 1 Quarter
Interest expense InterestExpense $69.96M USD 1 Quarter
Other (income), net OtherNonoperatingIncomeExpense $4.89M USD 1 Quarter
Other (income), net OtherNonoperatingIncomeExpense $47.52M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $415.30M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $433.16M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $93.58M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $94.11M USD 1 Quarter
Net income ProfitLoss $321.72M USD 1 Quarter
Net income ProfitLoss $339.04M USD 1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $143.00K USD 1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $308.00K USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $321.41M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $338.90M USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $2.50 USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $2.64 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $2.47 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $2.60 USD 1 Quarter
Cash Flow Statement 83 line items
Line Item Tag Value Unit Period
Acquisitions, cash acquired CashAcquiredFromAcquisition $8.18M USD 1 Quarter
Net income ProfitLoss $321.72M USD 1 Quarter
Net income ProfitLoss $339.04M USD 1 Quarter
Depreciation Depreciation $66.74M USD 1 Quarter
Depreciation Depreciation $54.86M USD 1 Quarter
Amortization AdjustmentForAmortization $54.22M USD 1 Quarter
Amortization AdjustmentForAmortization $81.70M USD 1 Quarter
Share incentive plan compensation ShareBasedCompensation $52.63M USD 1 Quarter
Share incentive plan compensation ShareBasedCompensation $58.46M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $11.56M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-15.55M USD 1 Quarter
Foreign currency transaction gain ForeignCurrencyTransactionGainLossUnrealized $4.86M USD 1 Quarter
Foreign currency transaction gain ForeignCurrencyTransactionGainLossUnrealized $1.23M USD 1 Quarter
Gain on plant and equipment GainLossOnSaleOfPropertyPlantEquipment $10.27M USD 1 Quarter
Gain on plant and equipment GainLossOnSaleOfPropertyPlantEquipment $498.00K USD 1 Quarter
(Gain) loss on marketable securities MarketableSecuritiesRealizedGainLoss $-201.00K USD 1 Quarter
(Gain) loss on marketable securities MarketableSecuritiesRealizedGainLoss $340.00K USD 1 Quarter
Gain on investments GainLossOnInvestments $498.00K USD 1 Quarter
Gain on investments GainLossOnInvestments $970.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-5.30M USD 1 Quarter
Other OtherNoncashIncomeExpense - USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-15.53M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-213.20M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-39.92M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $24.11M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-15.62M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-53.13M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $10.90M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $9.69M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-135.57M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $138.90M USD 1 Quarter
Accrued payrolls and other compensation IncreaseDecreaseInOtherEmployeeRelatedLiabilities $-118.33M USD 1 Quarter
Accrued payrolls and other compensation IncreaseDecreaseInOtherEmployeeRelatedLiabilities $-98.19M USD 1 Quarter
Accrued domestic and foreign taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-2.21M USD 1 Quarter
Accrued domestic and foreign taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $23.23M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $34.46M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $19.94M USD 1 Quarter
Pensions and other postretirement benefits IncreaseDecreaseInPensionAndPostretirementObligations $9.74M USD 1 Quarter
Pensions and other postretirement benefits IncreaseDecreaseInPensionAndPostretirementObligations $17.65M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $9.06M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-17.09M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $737.37M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $449.13M USD 1 Quarter
Acquisitions (net of cash of $8,179 in 2019) PaymentsToAcquireBusinessesNetOfCashAcquired $1.70B USD 1 Quarter
Acquisitions (net of cash of $8,179 in 2019) PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $50.34M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $42.12M USD 1 Quarter
Proceeds from sale of plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $6.59M USD 1 Quarter
Proceeds from sale of plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $19.28M USD 1 Quarter
Purchases of marketable securities and other investments PaymentsToAcquireInvestments $159.98M USD 1 Quarter
Purchases of marketable securities and other investments PaymentsToAcquireInvestments $10.73M USD 1 Quarter
Maturities and sales of marketable securities and other investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $49.11M USD 1 Quarter
Maturities and sales of marketable securities and other investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $26.48M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-8.07M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-1.05M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $3.91M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-1.85B USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $989.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $912.00K USD 1 Quarter
Payments for common shares PaymentsForRepurchaseOfCommonStock $22.74M USD 1 Quarter
Payments for common shares PaymentsForRepurchaseOfCommonStock $72.90M USD 1 Quarter
Proceeds from notes payable, net ProceedsFromNotesPayable $1.10B USD 1 Quarter
Proceeds from notes payable, net ProceedsFromNotesPayable $114.40M USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt $922.93M USD 1 Quarter
Payments for long-term borrowings RepaymentsOfLongTermDebt $671.84M USD 1 Quarter
Payments for long-term borrowings RepaymentsOfLongTermDebt $3.47M USD 1 Quarter
Dividends paid PaymentsOfDividends $113.35M USD 1 Quarter
Dividends paid PaymentsOfDividends $113.54M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-692.73M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.84B USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-26.93M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.33M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $56.88M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $407.63M USD 1 Quarter
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $742.39M USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $685.51M USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.63B USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.22B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.63B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.22B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $685.51M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $742.39M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $321.72M USD 1 Quarter
Net income ProfitLoss $339.04M USD 1 Quarter
Less: Noncontrolling interests in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $143.00K USD 1 Quarter
Less: Noncontrolling interests in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $308.00K USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $321.41M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $338.90M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $130.68M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-102.72M USD 1 Quarter
Retirement benefits plan activity OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-40.15M USD 1 Quarter
Retirement benefits plan activity OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-31.03M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $170.83M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-71.70M USD 1 Quarter
Less: Other comprehensive income (loss) for noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $431.00K USD 1 Quarter
Less: Other comprehensive income (loss) for noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $-150.00K USD 1 Quarter
Other comprehensive income (loss) attributable to common shareholders OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-71.55M USD 1 Quarter
Other comprehensive income (loss) attributable to common shareholders OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $170.40M USD 1 Quarter
Total comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $491.81M USD 1 Quarter
Total comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $267.35M USD 1 Quarter

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

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