Parker-Hannifin Corporation (PH) financial statements (2021 and earlier)

Company profile

Business Address 6035 PARKLAND BOULEVARD
CLEVELAND, OH 44124-4141
State of Incorp. OH
Fiscal Year End June 30
SIC 349 - Miscellaneous Fabricated Metal Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6087563,3718559242,1041,914
Cash and cash equivalents5656863,2208228851,2221,181
Short-term investments43711513339882733
Receivables141136154169122122151
Inventory, net of allowances, customer advances and progress billings1,8711,8151,6781,5961,5051,1221,266
Inventory1,8711,8151,6781,6211,5491,1731,300
Progress payments netted against inventory for long-term contracts or programs   (25)(44)(51)(35)
Prepaid expense  182135120104242
Contract with customer, asset323123
Other undisclosed current assets2,1472,1482,2652,3292,1081,7552,010
Total current assets:4,8004,8857,6735,0854,7805,2085,583
Noncurrent Assets
Operating lease, right-of-use asset 139
Property, plant and equipment2,3022,2931,7681,8561,9371,5681,664
Long-term investments and receivables 318317304342356316
Long-term investments 318317304342356316
Intangible assets, net (including goodwill)11,79611,6697,2377,5207,8943,8263,956
Goodwill8,1017,8705,4545,5045,5872,9032,943
Intangible assets, net (excluding goodwill)3,6953,7991,7832,0162,3079231,013
Contract with customer, asset, net211
Deferred income tax assets134127
Deferred tax assets, net 5836605 
Other undisclosed noncurrent assets793306580497501494776
Total noncurrent assets:15,02814,8539,90410,23510,7106,8496,712
TOTAL ASSETS:19,82719,73817,57715,32015,49012,05712,295
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5962,3392,5652,5592,3872,0042,127
Accounts payable1,3431,1121,4131,4301,3001,0351,092
Accrued liabilities689608558502498459485
Employee-related liabilities346424426428436383410
Taxes payable219195167199153128140
Deferred revenue 51
Debt61186010047458223
Contract with customer, liability65
Other undisclosed current liabilities 672522538534304 
Total current liabilities:3,2073,1483,1523,1973,3962,3662,350
Noncurrent Liabilities
Long-term debt and lease obligation6,6027,6526,5214,3194,8622,6752,724
Long-term debt, excluding current maturities6,6027,6526,5214,3194,8622,6752,724
Liabilities, other than long-term debt2,8962,8091,7431,9391,9652,4372,113
Contract with customer, liability0
Deferred tax liabilities, net 2352225478
Deferred income tax liabilities421383
Liability, pension and other postretirement and postemployment benefits1,8431,8871,3041,1781,4062,0761,699
Other liabilities632539438526337307336
Other undisclosed noncurrent liabilities  193    
Total noncurrent liabilities:9,49810,4618,4576,2576,8275,1124,837
Total liabilities:12,70513,61011,6099,45510,2237,4787,187
Stockholders' equity
Stockholders' equity attributable to parent7,1066,1145,9625,8605,2624,5755,104
Common stock91919191919191
Treasury stock, value(5,311)(5,365)(5,309)(4,590)(4,379)(4,219)(3,712)
Additional paid in capital385417462497544628623
Accumulated other comprehensive loss(2,131)(2,559)(2,059)(1,763)(1,924)(2,228)(1,739)
Retained earnings14,07213,53112,77811,62610,93010,3039,842
Stockholders' equity attributable to noncontrolling interest161566633
Total stockholders' equity:7,1226,1295,9685,8655,2674,5795,108
TOTAL LIABILITIES AND EQUITY:19,82719,73817,57715,32015,49012,05712,295

Income statement (P&L) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues13,50513,69614,32014,30212,02911,36112,712
Revenue, net 12,02911,36112,712
Cost of revenue
(Cost of Goods and Services Sold)
(10,028)(10,287)(10,703)(10,763)(9,189)(8,823)(9,655)
Gross profit:3,4783,4093,6173,5402,8402,5373,056
Operating expenses(1,956)(2,352)(2,072)(2,202)(1,896)(1,838)(2,079)
Other undisclosed operating income537910886901846877861
Operating income:2,0581,9672,4312,2391,7901,5761,838
Nonoperating income (expense)43(146)55229940(38)
Investment income, nonoperating(56)(27)  461(4)
Foreign currency transaction gain (loss), before tax210(6)(7)(8)(23)(78)
Other nonoperating income115676129616243
Interest and debt expense(284)(308)(190)(214)(162)(137)(118)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (363)(345)(399)(365)(250)
Income from continuing operations before equity method investments, income taxes:1,8171,5131,9331,7021,3291,1151,432
Income from equity method investments 75935042  
Other undisclosed loss from continuing operations before income taxes (75)(93)(50)(42)  
Income from continuing operations before income taxes:1,8171,5131,9331,7021,3291,1151,432
Income tax expense(384)(306)(420)(641)(345)(308)(420)
Net income:1,4321,2071,5131,0619848071,013
Net loss attributable to noncontrolling interest(1)(0)(1)(1)(0)(0)(0)
Net income available to common stockholders, diluted:1,4321,2061,5121,0619838071,012

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:1,4321,2071,5131,0619848071,013
Other comprehensive income (loss)(184)(501)(294)161304(489)(915)
Comprehensive income:1,2487061,2191,2221,28831897
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)0(1)(0)(1)(0)(0)
Comprehensive income, net of tax, attributable to parent:1,2477071,2181,2221,28731897

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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