Parker-Hannifin Corporation (PH) financial statements (2022 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)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4907727563,3718559242,104
Cash and cash equivalents4497336863,2208228851,222
Short-term investments4139711513339882
Receivables159170136154169122122
Inventory, net of allowances, customer advances and progress billings2,3072,0911,8151,6781,5961,5051,122
Inventory2,3072,0911,8151,6781,6211,5491,173
Progress payments netted against inventory for long-term contracts or programs    (25)(44)(51)
Prepaid expense   182135120104
Contract with customer, asset21343123
Other undisclosed current assets4,9312,5502,1482,2652,3292,1081,755
Total current assets:7,9085,6174,8857,6735,0854,7805,208
Noncurrent Assets
Operating lease, right-of-use asset 132139
Property, plant and equipment2,2032,2662,2931,7681,8561,9371,568
Long-term investments and receivables 292318317304342356
Long-term investments 292318317304342356
Intangible assets, net (including goodwill)11,34411,57911,6697,2377,5207,8943,826
Goodwill8,0008,0607,8705,4545,5045,5872,903
Intangible assets, net (excluding goodwill)3,3443,5203,7991,7832,0162,307923
Contract with customer, asset, net2211
Deferred income tax assets147104127
Deferred tax assets, net 5836605
Other undisclosed noncurrent assets793348306580497501494
Total noncurrent assets:14,48814,72414,8539,90410,23510,7106,849
TOTAL ASSETS:22,39520,34119,73817,57715,32015,49012,057
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0563,0942,3392,5652,5592,3872,004
Accounts payable1,5971,6681,1121,4131,4301,3001,035
Accrued liabilities829682608558502498459
Employee-related liabilities335507424426428436383
Taxes payable294236195167199153128
Deferred revenue  51
Debt2,202 86010047458
Contract with customer, liability65
Other undisclosed current liabilities 3672522538534304
Total current liabilities:5,2573,0973,1483,1523,1973,3962,366
Noncurrent Liabilities
Long-term debt and lease obligation6,2516,5827,6526,5214,3194,8622,675
Long-term debt, excluding current maturities 6,5827,6526,5214,3194,8622,675
Other undisclosed long-term debt and lease obligation6,251      
Liabilities, other than long-term debt2,1192,2492,8091,7431,9391,9652,437
Contract with customer, liability0
Deferred tax liabilities, net 23522254
Deferred income tax liabilities559554383
Liability, pension and other postretirement and postemployment benefits9601,0561,8871,3041,1781,4062,076
Other liabilities600639539438526337307
Other undisclosed noncurrent liabilities   193   
Total noncurrent liabilities:8,3708,83110,4618,4576,2576,8275,112
Total liabilities:13,62711,92813,61011,6099,45510,2237,478
Stockholders' equity
Stockholders' equity attributable to parent8,7558,3986,1145,9625,8605,2624,575
Common stock91919191919191
Treasury stock, value(5,623)(5,371)(5,365)(5,309)(4,590)(4,379)(4,219)
Additional paid in capital344330417462497544628
Accumulated other comprehensive loss(1,545)(1,567)(2,559)(2,059)(1,763)(1,924)(2,228)
Retained earnings15,48914,91513,53112,77811,62610,93010,303
Stockholders' equity attributable to noncontrolling interest1315156663
Total stockholders' equity:8,7688,4146,1295,9685,8655,2674,579
TOTAL LIABILITIES AND EQUITY:22,39520,34119,73817,57715,32015,49012,057

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues15,29314,34813,69614,32014,30212,02911,361
Revenue, net 12,02911,361
Cost of revenue
(Cost of Goods and Services Sold)
(11,024)(10,450)(10,287)(10,703)(10,763)(9,189)(8,823)
Gross profit:4,2683,8983,4093,6173,5402,8402,537
Operating expenses(2,128)(2,122)(2,352)(2,072)(2,202)(1,896)(1,838)
Other undisclosed operating income655684910886901846877
Operating income:2,7962,4601,9672,4312,2391,7901,576
Nonoperating income (expense)(237)37(146)55229940
Investment income, nonoperating(10)16(27)  461
Foreign currency transaction gain (loss), before tax121110(6)(7)(8)(23)
Other nonoperating income (expense)(229)176761296162
Interest and debt expense(242)(250)(308)(190)(214)(162)(137)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (363)(345)(399)(365)
Income from continuing operations before equity method investments, income taxes:2,3172,2471,5131,9331,7021,3291,115
Income from equity method investments 4175935042 
Other undisclosed loss from continuing operations before income taxes (41)(75)(93)(50)(42) 
Income from continuing operations before income taxes:2,3172,2471,5131,9331,7021,3291,115
Income tax expense(500)(500)(306)(420)(641)(345)(308)
Net income:1,8171,7471,2071,5131,061984807
Net loss attributable to noncontrolling interest(1)(1)(0)(1)(1)(0)(0)
Net income available to common stockholders, diluted:1,8161,7461,2061,5121,061983807

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income:1,8171,7471,2071,5131,061984807
Other comprehensive income (loss)584993(501)(294)161304(489)
Comprehensive income:2,4012,7407061,2191,2221,288318
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)0(1)(0)(1)(0)
Comprehensive income, net of tax, attributable to parent:2,4022,7387071,2181,2221,287318

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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