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10-Q Filing

Parker-Hannifin Corp CIK: 76334 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0000076334-21-000225
Period End Date 20210930
Filing Date 20211105
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance ph-20210930_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
Serial preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $733.12M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $478.58M USD Point-in-time
Serial preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, par value (in USD per share) CommonStockParOrStatedValuePerShare $0.50 USD Point-in-time
Marketable securities and other investments ShortTermInvestments $40.16M 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 $39.12M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Trade accounts receivable, net Tradeaccountsreceivablenet $2.11B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 600.00M shares Point-in-time
Trade accounts receivable, net Tradeaccountsreceivablenet $2.18B 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 $326.31M USD Point-in-time
Non-trade and notes receivable Nontradeandnotesreceivable $315.57M USD Point-in-time
Treasury shares (in shares) TreasuryStockShares 51.90M shares Point-in-time
Treasury shares (in shares) TreasuryStockShares 52.53M shares Point-in-time
Inventories InventoryNet $2.26B USD Point-in-time
Inventories InventoryNet $2.09B USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $422.59M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $243.97M USD Point-in-time
Total current assets AssetsCurrent $5.62B USD Point-in-time
Total current assets AssetsCurrent $5.63B USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $6.02B USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $6.04B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.80B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.77B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.27B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.22B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $145.97M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $104.25M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $774.24M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $800.21M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.52B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.43B USD Point-in-time
Goodwill Goodwill $8.01B USD Point-in-time
Goodwill Goodwill $8.06B USD Point-in-time
Total assets Assets $20.34B USD Point-in-time
Total assets Assets $20.24B USD Point-in-time
Notes payable and long-term debt payable within one year LongTermDebtCurrent $2.82M USD Point-in-time
Notes payable and long-term debt payable within one year LongTermDebtCurrent $302.31M USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.67B USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.64B USD Point-in-time
Accrued payrolls and other compensation EmployeeRelatedLiabilitiesCurrent $507.03M USD Point-in-time
Accrued payrolls and other compensation EmployeeRelatedLiabilitiesCurrent $341.36M USD Point-in-time
Accrued domestic and foreign taxes AccruedIncomeTaxesCurrent $279.17M USD Point-in-time
Accrued domestic and foreign taxes AccruedIncomeTaxesCurrent $236.38M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $724.13M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $682.39M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.28B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.10B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $6.26B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $6.58B USD Point-in-time
Pensions and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $1.06B USD Point-in-time
Pensions and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $997.39M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $568.37M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $553.98M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $639.36M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $618.08M USD Point-in-time
Total liabilities Liabilities $11.93B USD Point-in-time
Total liabilities Liabilities $11.73B 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 $358.68M USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $329.62M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $14.92B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $15.23B USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.61B USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.57B USD Point-in-time
Treasury shares, at cost; 52,531,175 shares at September 30 and 51,900,460 shares at June 30 TreasuryStockValue $5.37B USD Point-in-time
Treasury shares, at cost; 52,531,175 shares at September 30 and 51,900,460 shares at June 30 TreasuryStockValue $5.59B USD Point-in-time
Total shareholders equity StockholdersEquity $8.40B USD Point-in-time
Total shareholders equity StockholdersEquity $8.49B USD Point-in-time
Noncontrolling interests MinorityInterest $15.06M USD Point-in-time
Noncontrolling interests MinorityInterest $15.36M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.51B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.24B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $8.41B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.66B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $20.34B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $20.24B USD Point-in-time
Income Statement 24 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.23B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.76B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.71B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.39B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $407.76M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $369.85M USD 1 Quarter
Interest expense InterestExpense $59.35M USD 1 Quarter
Interest expense InterestExpense $65.96M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-10.05M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $4.89M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $413.17M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $571.75M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $120.28M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $93.06M USD 1 Quarter
Net income ProfitLoss $451.46M USD 1 Quarter
Net income ProfitLoss $320.11M USD 1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $306.00K USD 1 Quarter
Less: Noncontrolling interest in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $308.00K USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $451.16M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $319.80M USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $3.50 USD 1 Quarter
Basic (in USD per share) EarningsPerShareBasic $2.48 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $3.45 USD 1 Quarter
Diluted (in USD per share) EarningsPerShareDiluted $2.45 USD 1 Quarter
Cash Flow Statement 82 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $451.46M USD 1 Quarter
Net income ProfitLoss $320.11M USD 1 Quarter
Depreciation Depreciation $65.75M USD 1 Quarter
Depreciation Depreciation $66.74M USD 1 Quarter
Amortization AdjustmentForAmortization $81.70M USD 1 Quarter
Amortization AdjustmentForAmortization $79.77M USD 1 Quarter
Share incentive plan compensation ShareBasedCompensation $58.46M USD 1 Quarter
Share incentive plan compensation ShareBasedCompensation $57.67M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-40.03M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $11.04M USD 1 Quarter
Foreign currency transaction gain ForeignCurrencyTransactionGainLossUnrealized $4.86M USD 1 Quarter
Foreign currency transaction gain ForeignCurrencyTransactionGainLossUnrealized $9.47M USD 1 Quarter
Gain on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $498.00K USD 1 Quarter
Gain on disposal of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $30.00K USD 1 Quarter
Loss (gain) on marketable securities MarketableSecuritiesRealizedGainLoss $-804.00K USD 1 Quarter
Loss (gain) on marketable securities MarketableSecuritiesRealizedGainLoss $340.00K USD 1 Quarter
Gain on investments GainLossOnInvestments $200.00K USD 1 Quarter
Gain on investments GainLossOnInvestments $970.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-5.30M USD 1 Quarter
Other OtherNoncashIncomeExpense $-42.82M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-15.53M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-74.07M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-42.04M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $190.78M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-37.76M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-53.13M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $27.55M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $9.69M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-20.36M USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $138.90M USD 1 Quarter
Accrued payrolls and other compensation IncreaseDecreaseInOtherEmployeeRelatedLiabilities $-161.56M 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 $46.59M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $36.29M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $34.46M USD 1 Quarter
Pensions and other postretirement benefits IncreaseDecreaseInPensionAndPostretirementObligations $-15.65M 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 $-3.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $737.37M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $424.36M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $42.12M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $48.20M USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $6.59M USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $7.75M USD 1 Quarter
Purchases of marketable securities and other investments PaymentsToAcquireInvestments $10.73M USD 1 Quarter
Purchases of marketable securities and other investments PaymentsToAcquireInvestments $7.46M USD 1 Quarter
Maturities and sales of marketable securities and other investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $5.31M USD 1 Quarter
Maturities and sales of marketable securities and other investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $49.11M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-1.05M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-649.00K USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-41.95M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $3.91M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.09M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $989.00K USD 1 Quarter
Payments for common shares PaymentsForRepurchaseOfCommonStock $22.74M USD 1 Quarter
Payments for common shares PaymentsForRepurchaseOfCommonStock $245.82M USD 1 Quarter
(Payments for) proceeds from notes payable, net ProceedsFromRepaymentsOfShortTermDebt $114.40M USD 1 Quarter
(Payments for) proceeds from notes payable, net ProceedsFromRepaymentsOfShortTermDebt $-4.00K USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt $1.00K USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Payments for long-term borrowings RepaymentsOfLongTermDebt $671.84M USD 1 Quarter
Payments for long-term borrowings RepaymentsOfLongTermDebt $592.00K USD 1 Quarter
Financing fees paid PaymentsOfFinancingCosts $42.70M USD 1 Quarter
Financing fees paid PaymentsOfFinancingCosts - USD 1 Quarter
Dividends paid PaymentsOfDividends $113.54M USD 1 Quarter
Dividends paid PaymentsOfDividends $132.92M USD 1 Quarter
Net cash (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-692.73M USD 1 Quarter
Net cash (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-420.95M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-997.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.33M USD 1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $56.88M USD 1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-39.53M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $733.12M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $693.58M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $685.51M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $742.39M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $685.51M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $742.39M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $693.58M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $733.12M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $451.46M USD 1 Quarter
Net income ProfitLoss $320.11M USD 1 Quarter
Less: Noncontrolling interests in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $306.00K USD 1 Quarter
Less: Noncontrolling interests in subsidiaries' earnings NetIncomeLossAttributableToNoncontrollingInterest $308.00K USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $451.16M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $319.80M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $130.68M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-68.32M USD 1 Quarter
Retirement benefits plan activity OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-40.15M USD 1 Quarter
Retirement benefits plan activity OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-29.02M USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $170.83M USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-39.30M USD 1 Quarter
Less: Other comprehensive (loss) income for noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $431.00K USD 1 Quarter
Less: Other comprehensive (loss) income for noncontrolling interests OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $-539.00K USD 1 Quarter
Other comprehensive (loss) income attributable to common shareholders OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-38.76M USD 1 Quarter
Other comprehensive (loss) income attributable to common shareholders OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $170.40M USD 1 Quarter
Total comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $412.39M USD 1 Quarter
Total comprehensive income attributable to common shareholders ComprehensiveIncomeNetOfTax $490.21M USD 1 Quarter

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

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