$PH
PARKER HANNIFIN CORP

2012 Q3 Form 10-Q Financial Statement

#000007633412000089 Filed on November 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $3.215B $3.234B
YoY Change -0.59% 14.3%
Cost Of Revenue $2.477B $2.414B
YoY Change 2.61% 12.94%
Gross Profit $737.5M $819.4M
YoY Change -10.0% 18.52%
Gross Profit Margin 22.94% 25.34%
Selling, General & Admin $381.1M $386.5M
YoY Change -1.38% 15.85%
% of Gross Profit 51.68% 47.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.01M $55.09M
YoY Change -3.79% -35.11%
% of Gross Profit 7.19% 6.72%
Operating Expenses $381.1M $386.5M
YoY Change -1.38% 16.97%
Operating Profit $462.6M $519.9M
YoY Change -11.02% 44.01%
Interest Expense $23.51M $23.22M
YoY Change 1.24% -194.39%
% of Operating Profit 5.08% 4.47%
Other Income/Expense, Net $3.201M $1.833M
YoY Change 74.63%
Pretax Income $336.1M $411.6M
YoY Change -18.35% 22.35%
Income Tax $96.11M $113.4M
% Of Pretax Income 28.6% 27.56%
Net Earnings $239.7M $297.0M
YoY Change -19.28% 20.17%
Net Earnings / Revenue 7.46% 9.18%
Basic Earnings Per Share $1.61 $1.95
Diluted Earnings Per Share $1.57 $1.91
COMMON SHARES
Basic Shares Outstanding 149.3M shares 152.4M shares
Diluted Shares Outstanding 152.6M shares 155.4M shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $436.0M $424.0M
YoY Change 2.83% -54.11%
Cash & Equivalents $436.1M $488.0M
Short-Term Investments
Other Short-Term Assets $291.0M $238.0M
YoY Change 22.27% 1.71%
Inventory $1.490B $1.456B
Prepaid Expenses $161.1M
Receivables $1.781B $1.684B
Other Receivables $202.0M $197.0M
Total Short-Term Assets $4.200B $3.999B
YoY Change 5.03% -3.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.803B $1.713B
YoY Change 5.28% -3.27%
Goodwill $3.076B
YoY Change
Intangibles $1.194B
YoY Change
Long-Term Investments
YoY Change
Other Assets $861.0M $589.0M
YoY Change 46.18% -15.37%
Total Long-Term Assets $6.934B $6.323B
YoY Change 9.67% -3.64%
TOTAL ASSETS
Total Short-Term Assets $4.200B $3.999B
Total Long-Term Assets $6.934B $6.323B
Total Assets $11.13B $10.32B
YoY Change 7.87% -3.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.163B $1.120B
YoY Change 3.82% 17.52%
Accrued Expenses $830.0M $803.0M
YoY Change 3.36% 8.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $264.6M $79.00M
YoY Change 234.91% -79.8%
Total Short-Term Liabilities $2.366B $2.236B
YoY Change 5.83% -2.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.512B $1.669B
YoY Change -9.42% -4.41%
Other Long-Term Liabilities $287.5M $1.155B
YoY Change -75.11% -25.0%
Total Long-Term Liabilities $1.799B $2.824B
YoY Change -36.29% -14.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.366B $2.236B
Total Long-Term Liabilities $1.799B $2.824B
Total Liabilities $5.983B $5.304B
YoY Change 12.79% -8.79%
SHAREHOLDERS EQUITY
Retained Earnings $7.950B
YoY Change
Common Stock $725.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.252B
YoY Change
Treasury Stock Shares 31.87M shares
Shareholders Equity $5.141B $5.017B
YoY Change
Total Liabilities & Shareholders Equity $11.13B $10.32B
YoY Change 7.87% -3.62%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $239.7M $297.0M
YoY Change -19.28% 20.17%
Depreciation, Depletion And Amortization $53.01M $55.09M
YoY Change -3.79% -35.11%
Cash From Operating Activities -$6.971M $309.5M
YoY Change -102.25% 151.83%
INVESTING ACTIVITIES
Capital Expenditures $76.69M $43.99M
YoY Change 74.33% -183.47%
Acquisitions $194.5M $10.41M
YoY Change 1769.58%
Other Investing Activities -$168.0K -$181.0K
YoY Change -7.18% -97.13%
Cash From Investing Activities -$262.4M -$48.55M
YoY Change 440.47% -17.71%
FINANCING ACTIVITIES
Cash Dividend Paid $61.37M $63.00M
YoY Change -2.6%
Common Stock Issuance & Retirement, Net $108.0M $293.5M
YoY Change -63.21%
Debt Paid & Issued, Net $76.69M $236.0K
YoY Change 32395.76%
Cash From Financing Activities -$171.7M -$431.0M
YoY Change -60.17% -274.51%
NET CHANGE
Cash From Operating Activities -$6.971M $309.5M
Cash From Investing Activities -$262.4M -$48.55M
Cash From Financing Activities -$171.7M -$431.0M
Net Change In Cash -$441.1M -$170.1M
YoY Change 159.3% -154.71%
FREE CASH FLOW
Cash From Operating Activities -$6.971M $309.5M
Capital Expenditures $76.69M $43.99M
Free Cash Flow -$83.66M $265.5M
YoY Change -131.51% 51.2%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New accounting pronouncements</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2011, the FASB issued new accounting guidance related to testing goodwill for impairment. The new guidance allows an entity the option to make a qualitative evaluation about the likelihood of goodwill impairment to determine whether the entity should calculate the fair value of a reporting unit. It also expands the events and circumstances that an entity should consider between annual impairment tests in determining whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December&#160;15, 2011. </font><font style="font-family:inherit;font-size:10pt;">The Company is currently assessing the viability of using a qualitative evaluation to determine whether a fair value should be calculated for certain reporting units.</font></div></div>
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Files In Submission

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