← Parker-Hannifin Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $806.8m | $983.4m | $1.1b | $1.5b | $1.2b | $1.7b | $1.3b | $2.1b | $2.8b | $3.5b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $806.8m | $983.4m | $1.1b | $1.5b | $1.2b | $1.7b | $1.3b | $2.1b | $2.8b | $3.5b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $376k | $432k | $514k | $567k | $362k | $761k | $581k | $600k | $721k | $1.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $807.2m | $983.8m | $1.1b | $1.5b | $1.2b | $1.7b | $1.3b | $2.1b | $2.8b | $3.5b | |
| Amortization | $116.5m | $152.4m | $228.3m | $210.5m | $284.6m | $325.4m | $314.4m | $500.7m | $578.0m | $553.0m | |
| Amortization of Deferred Charges | — | — | — | — | $284.6m | $325.4m | $314.4m | $500.7m | $578.0m | $553.0m | |
| Amortization of Intangible Assets | $108.0m | $145.1m | $221.5m | $205.2m | $284.6m | $325.4m | $314.0m | $501.0m | $578.0m | $553.0m | |
| Depreciation | $190.3m | $202.9m | $237.8m | $225.7m | $252.9m | $269.9m | $257.3m | $317.4m | $349.1m | $354.0m | |
| Deferred Income Tax Expense (Benefit) | ($65.7m) | $37.0m | ($41.4m) | $32.5m | $13.7m | ($51.5m) | ($351.2m) | $91.9m | $32.5m | ($304.0m) | |
| Deferred income taxes | ($65.7m) | $37.0m | ($41.4m) | $32.5m | $13.7m | ($51.5m) | ($351.2m) | $91.9m | $32.5m | ($304.0m) | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | — | $159.0m | |
| Share-based Payment Arrangement, Noncash Expense | $71.3m | $80.3m | $118.8m | $104.1m | $111.4m | $121.5m | $137.1m | $142.7m | $155.2m | $159.0m | |
| Gain (Loss) on Disposition of Business | ($10.7m) | $41.3m | ($19.7m) | ($5.9m) | $0 | $0 | $1.4m | $366.3m | $24.0m | $253.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($414k) | ($1.5m) | $24.4m | ($5.1m) | $1.9m | $109.3m | $5.7m | ($3.8m) | ($12.4m) | $20.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $11.0m | $43.3m | $4.5m | ($10.6m) | $1.2m | $109.3m | $7.1m | $362.5m | $9.1m | $32.0m | |
| Income (Loss) from Equity Method Investments | — | $42.4m | $50.5m | $93.2m | $74.5m | $41.0m | $76.0m | $124.0m | $152.0m | $178.0m | |
| Income Tax Expense (Benefit) | $307.5m | $344.8m | $641.0m | $420.5m | $305.9m | $500.1m | $298.0m | $596.1m | $749.7m | $575.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $506.5m | $409.0m | |
| Operating Lease, Expense | — | — | — | — | $50.3m | $48.2m | $46.0m | $60.4m | — | — | |
| Other Nonoperating Income (Expense) | $62.2m | $61.4m | $29.3m | $61.2m | $67.1m | $17.0m | ($984.9m) | ($184.2m) | $276.9m | $183.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable, trade | ($52.4m) | $174.8m | $125.9m | ($12.4m) | ($370.8m) | $526.8m | $131.4m | $91.6m | ($44.4m) | $119.0m | |
| Accounts receivable, net | $17.5m | ($95.3m) | ($302.0m) | $2.5m | $578.9m | ($298.5m) | ($179.1m) | ($16.7m) | ($85.1m) | $6.0m | |
| Accrued domestic and foreign taxes | ($17.4m) | $18.2m | $44.0m | ($30.6m) | $30.9m | $36.6m | $32.5m | $102.5m | $26.6m | ($18.0m) | |
| Accrued payrolls and other compensation | ($22.9m) | $5.9m | ($4.6m) | $2.1m | ($62.7m) | $72.4m | ($15.5m) | $87.4m | ($63.9m) | $2.0m | |
| Acquisitions, net of cash acquired | ($67.6m) | ($4.1b) | $0 | ($2.0m) | ($5.1b) | $0 | $0 | ($7.1b) | $0 | $0 | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | — | — | — | ($5.1m) | $1.5m | — | — | |
| Deconsolidation, Gain (Loss), Amount | $0 | — | — | — | — | — | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $414k | $45.0m | ($24.4m) | $5.1m | ($1.9m) | $140.6m | $39.4m | $13.2m | $9.1m | $32.0m | |
| Financing fees paid | — | — | — | — | $0 | $0 | ($58.6m) | ($13.6m) | $0 | $0 | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($22.8m) | ($8.1m) | ($7.3m) | ($5.9m) | $10.0m | $10.9m | $40.0m | ($45.6m) | $38.5m | ($46.0m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($22.8m) | ($8.1m) | ($7.3m) | ($5.9m) | $10.0m | $10.9m | $40.0m | ($46.0m) | $38.0m | ($46.0m) | |
| Foreign currency transaction loss (gain) | $22.8m | $8.1m | $7.3m | $5.9m | ($10.0m) | ($10.9m) | ($40.0m) | $45.6m | ($38.5m) | $46.0m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | $4.0m | $4.7m | — | — | |
| Gain on sale of businesses | ($10.7m) | ($41.3m) | $19.7m | $5.9m | $0 | $0 | ($1.4m) | ($366.3m) | ($24.0m) | ($253.0m) | |
| Goodwill | $2.9b | $5.6b | $5.5b | $5.5b | $7.9b | $8.1b | $7.7b | $10.6b | $10.5b | $10.7b | |
| Income taxes and related interest, penalties and purchased credits, net of refunds | — | — | — | — | — | — | $549.2m | $411.4m | $851.9m | $927.0m | |
| Increase (Decrease) in Accounts Receivable | ($17.5m) | $95.3m | $302.0m | ($2.5m) | ($578.9m) | $298.5m | $179.1m | $16.7m | $85.1m | ($6.0m) | |
| Increase (Decrease) in Inventories | ($120.2m) | $73.7m | $92.2m | $51.8m | ($201.2m) | $85.6m | $212.1m | ($53.1m) | ($101.4m) | $94.0m | |
| Interest | $134.0m | $131.9m | $200.9m | $169.4m | $308.2m | $237.0m | $240.3m | $464.7m | $491.4m | $384.0m | |
| Inventories | $120.2m | ($73.7m) | ($92.2m) | ($51.8m) | $201.2m | ($85.6m) | ($212.1m) | $53.1m | $101.4m | ($94.0m) | |
| Nonoperating Income (Expense) | — | — | — | — | ($145.9m) | $37.1m | ($1.1b) | ($150.6m) | $32.3m | $169.0m | |
| Other accrued liabilities | ($61.4m) | ($59.7m) | ($5.6m) | $16.7m | ($148.5m) | $11.4m | $999.8m | $112.8m | ($72.6m) | ($173.0m) | |
| Other assets | ($5.0m) | ($3.9m) | ($13.3m) | $2.7m | ($23.5m) | ($8.8m) | ($11.2m) | ($109.0m) | ($117.0m) | ($63.0m) | |
| Other current assets | — | — | — | — | — | — | — | ($30.0m) | ($15.0m) | ($11.0m) | |
| Other liabilities | ($30.5m) | $14.1m | $184.4m | ($90.6m) | ($53.4m) | $46.2m | ($41.8m) | ($72.5m) | ($146.5m) | ($43.0m) | |
| Other, net | — | — | $0 | $0 | $18.0m | $14.4m | $70.4m | $25.5m | $7.7m | $4.0m | |
| Payments for common shares | ($557.6m) | ($338.1m) | ($381.0m) | ($860.1m) | ($216.0m) | ($218.8m) | ($460.1m) | ($297.3m) | ($332.1m) | ($1.8b) | |
| Payments for long-term borrowings | ($220.1m) | ($381.1m) | ($944.6m) | ($213.2m) | ($740.2m) | ($1.2b) | ($18.7m) | ($2.3b) | ($2.4b) | ($1.7b) | |
| Payments of Financing Costs | — | — | — | — | — | — | $58.6m | $13.6m | $0 | $0 | |
| Payments of deal-contingent forward contracts | — | — | — | — | — | $0 | $0 | ($1.4b) | $0 | $0 | |
| Pensions and other postretirement benefits | ($45.8m) | ($103.9m) | $31.2m | ($168.4m) | $55.5m | $17.9m | $1.8m | ($109.5m) | ($79.9m) | ($21.0m) | |
| Prepaid expenses | $136.0m | $2.4m | ($16.2m) | ($33.3m) | ($9.3m) | — | — | $32.0m | ($49.0m) | ($9.0m) | |
| Proceeds from Stock Options Exercised | $126k | $2.2m | $3.7m | $2.5m | $2.6m | $4.7m | $2.8m | $3.5m | $3.6m | $4.0m | |
| Proceeds from exercise of stock options | $126k | $2.2m | $3.7m | $2.5m | $2.6m | $4.7m | $2.8m | $3.5m | $3.6m | $4.0m | |
| Proceeds from long-term borrowings | $2.3m | $2.6b | $1.2m | $2.3b | $1.7b | $1.2m | $3.6b | $2.0b | $24.0m | $751.0m | |
| Proceeds from notes payable, net | $303.6m | $230.5m | $4.1m | $48.8m | $136.7m | ($723.5m) | $1.4b | $357.6m | $359.3m | ($364.0m) | |
| Proceeds from sale of businesses | $24.3m | $85.6m | $177.7m | $19.7m | $0 | $0 | $3.4m | $473.2m | $77.7m | $623.0m | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | — | $5.7m | — | |
| Stock incentive plan compensation | $71.3m | $80.3m | $118.8m | $104.1m | $111.4m | $121.5m | $137.1m | $142.7m | $155.2m | $159.0m | |
| Net Cash Provided by (Used in) Operating Activities | $1.2b | $1.3b | $1.6b | $1.7b | $2.1b | $2.6b | $2.4b | $3.0b | $3.4b | $3.8b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $149.4m | $203.7m | $247.7m | $195.1m | $232.6m | $210.0m | $230.0m | $380.7m | $400.1m | $435.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $67.6m | $4.1b | $0 | $2.0m | $5.1b | $0 | $0 | $7.1b | $0 | $0 | |
| Payments to Acquire Investments | $1.4b | $465.7m | $80.6m | $181.8m | $194.7m | $34.8m | $27.9m | $37.8m | $17.2m | — | |
| Payments for (Proceeds from) Other Investing Activities | $40.0m | $6.1m | ($4.8m) | ($19.2m) | ($177.6m) | ($24.7m) | $235.4m | ($250.0m) | ($7.7m) | ($4.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($264.6m) | ($3.4b) | $20.1m | ($218.5m) | ($5.0b) | ($13k) | ($418.8m) | ($8.2b) | ($298.6m) | $224.0m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $2.3m | $2.6b | $1.2m | $2.3b | $1.7b | $1.2m | $3.6b | $2.0b | $24.0m | $751.0m | |
| Repayments of Long-term Debt | $220.1m | $381.1m | $944.6m | $213.2m | $740.2m | $1.2b | $18.7m | $2.3b | $2.4b | $1.7b | |
| Payments for Repurchase of Common Stock | $557.6m | $338.1m | $381.0m | $860.1m | $216.0m | $218.8m | $460.1m | $297.3m | $332.1m | $1.8b | |
| Acquisition of noncontrolling interests | — | — | $0 | $0 | ($1.2m) | $0 | $0 | $0 | ($2.9m) | $0 | |
| Dividends paid | $342.0m | $345.4m | $365.3m | $412.5m | $453.8m | $475.2m | $569.9m | $704.1m | $782.0m | $861.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($802.4m) | $1.8b | ($1.7b) | $902.3m | $449.3m | ($2.6b) | $3.9b | ($971.0m) | ($3.1b) | ($4.0b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($1.2m) | ($16.3m) | ($30.5m) | $96.0m | ($23.8m) | ($4.8m) | ($24.0m) | $22.0m | |
| Effect of exchange rate changes on cash | ($61.7m) | ($56.7m) | ($1.2m) | ($16.3m) | ($30.5m) | $96.0m | ($23.8m) | ($4.8m) | ($24.0m) | $22.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($336.8m) | ($62.7m) | $2.4b | ($2.5b) | $47.6m | $5.9b | ($6.2b) | ($53.2m) | $45.0m | |
| Net increase (decrease) in cash and cash equivalents and restricted cash | — | ($336.8m) | ($62.7m) | $2.4b | ($2.5b) | $47.6m | $5.9b | ($6.2b) | ($53.2m) | $45.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($336.8m) | ($62.7m) | $3.2b | $685.5m | $733.1m | $6.6b | $475.2m | $422.0m | $467.0m | |
| Cash, cash equivalents and restricted cash at beginning of year | — | $884.9m | $822.1m | $3.2b | $685.5m | $733.1m | $6.6b | $475.2m | $422.0m | $467.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $134.0m | $131.9m | $200.9m | $169.4m | $308.2m | $237.0m | $240.3m | $464.7m | $491.4m | $384.0m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | $851.9m | $927.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.