$PH
PARKER HANNIFIN CORP Stock $ph

$ph Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000007633416000220 Filed on November 01, 2016

Income Statement

Concept	2016 Q3	2015 Q3
Revenue	$2.743B	$2.869B
YoY Change	-4.4%	-12.25%
Cost Of Revenue	$2.106B	$2.201B
YoY Change	-4.31%	-10.53%
Gross Profit	$637.1M	$668.4M
YoY Change	-4.69%	-17.48%
Gross Profit Margin	23.23%	23.3%
Selling, General & Admin	$323.0M	$370.2M
YoY Change	-12.76%	-7.64%
% of Gross Profit	50.69%	55.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$47.00M	$48.53M
YoY Change	-3.17%	-8.03%
% of Gross Profit	7.38%	7.26%
Operating Expenses	$323.0M	$370.2M
YoY Change	-12.76%	-7.64%
Operating Profit	$380.1M	$416.0M
YoY Change	-8.65%	-19.9%
Interest Expense	$34.15M	$35.76M
YoY Change	-4.51%	70.6%
% of Operating Profit	8.99%	8.6%
Other Income/Expense, Net	-$53.66M	$13.18M
YoY Change	-507.17%	57.47%
Pretax Income	$292.2M	$275.6M
YoY Change	6.02%	-30.5%
Income Tax	$82.01M	$80.62M
% Of Pretax Income	28.06%	29.25%
Net Earnings	$210.1M	$195.0M
YoY Change	7.77%	-30.39%
Net Earnings / Revenue	7.66%	6.8%
Basic Earnings Per Share	$1.57	$1.42
Diluted Earnings Per Share	$1.55	$1.41
COMMON SHARES
Basic Shares Outstanding	133.7M shares	136.8M shares
Diluted Shares Outstanding	135.8M shares	138.6M shares

Balance Sheet

Concept	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.141B	$1.790B
YoY Change	19.61%	-12.17%
Cash & Equivalents	$1.394B	$974.3M
Short-Term Investments	$747.0M	$815.0M
Other Short-Term Assets	$144.0M	$341.0M
YoY Change	-57.77%	29.17%
Inventory	$1.248B	$1.320B
Prepaid Expenses	$144.4M	$196.9M
Receivables	$1.498B	$1.561B
Other Receivables	$251.0M	$316.0M
Total Short-Term Assets	$5.282B	$5.328B
YoY Change	-0.86%	-9.33%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.563B	$1.633B
YoY Change	-4.28%	-6.98%
Goodwill	$2.911B	$2.948B
YoY Change	-1.26%	-3.93%
Intangibles	$901.9M	$1.003B
YoY Change	-10.11%	-11.23%
Long-Term Investments
YoY Change
Other Assets	$1.313B	$1.090B
YoY Change	20.46%	19.26%
Total Long-Term Assets	$6.689B	$6.674B
YoY Change	0.23%	-2.83%
TOTAL ASSETS
Total Short-Term Assets	$5.282B	$5.328B
Total Long-Term Assets	$6.689B	$6.674B
Total Assets	$11.97B	$12.00B
YoY Change	-0.26%	-5.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.018B	$1.014B
YoY Change	0.36%	-14.96%
Accrued Expenses	$760.0M	$774.0M
YoY Change	-1.81%	-7.31%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$596.0M	$630.7M
YoY Change	-5.5%	-10.17%
Total Short-Term Liabilities	$2.494B	$2.550B
YoY Change	-2.19%	-11.71%
LONG-TERM LIABILITIES
Long-Term Debt	$2.653B	$2.725B
YoY Change	-2.66%	83.84%
Other Long-Term Liabilities	$311.6M	$312.9M
YoY Change	-0.39%	-16.44%
Total Long-Term Liabilities	$2.965B	$3.038B
YoY Change	-2.42%	63.62%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.494B	$2.550B
Total Long-Term Liabilities	$2.965B	$3.038B
Total Liabilities	$7.320B	$7.147B
YoY Change	2.43%	15.98%
SHAREHOLDERS EQUITY
Retained Earnings	$10.43B	$9.950B
YoY Change	4.79%	6.06%
Common Stock	$708.9M	$728.3M
YoY Change	-2.67%	2.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$4.303B	$4.005B
YoY Change	7.44%	65.74%
Treasury Stock Shares	47.65M shares	45.07M shares
Shareholders Equity	$4.647B	$4.852B
YoY Change
Total Liabilities & Shareholders Equity	$11.97B	$12.00B
YoY Change	-0.26%	-5.83%

Cashflow Statement

Concept	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	$210.1M	$195.0M
YoY Change	7.77%	-30.39%
Depreciation, Depletion And Amortization	$47.00M	$48.53M
YoY Change	-3.17%	-8.03%
Cash From Operating Activities	$113.9M	$19.94M
YoY Change	471.4%	-92.36%
INVESTING ACTIVITIES
Capital Expenditures	$32.53M	$38.68M
YoY Change	-15.91%	-29.3%
Acquisitions	$29.93M	$67.55M
YoY Change	-55.7%
Other Investing Activities	-$1.450M	$40.27M
YoY Change	-103.6%	695.91%
Cash From Investing Activities	$45.21M	-$201.4M
YoY Change	-122.45%	-58.12%
FINANCING ACTIVITIES
Cash Dividend Paid	$84.75M	$85.99M
YoY Change	-1.44%	20.08%
Common Stock Issuance & Retirement, Net	$132.5M	$319.5M
YoY Change	-58.52%	483.09%
Debt Paid & Issued, Net	$1.122M	$2.407M
YoY Change	-53.39%	718.71%
Cash From Financing Activities	$15.46M	-$635.0K
YoY Change	-2534.8%	-99.72%
NET CHANGE
Cash From Operating Activities	$113.9M	$19.94M
Cash From Investing Activities	$45.21M	-$201.4M
Cash From Financing Activities	$15.46M	-$635.0K
Net Change In Cash	$174.6M	-$182.1M
YoY Change	-195.87%	-59.5%
FREE CASH FLOW
Cash From Operating Activities	$113.9M	$19.94M
Capital Expenditures	$32.53M	$38.68M
Free Cash Flow	$81.41M	-$18.74M
YoY Change	-534.35%	-109.09%

Facts In Submission

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CY2016Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	901939000	USD
CY2015Q3	us-gaap	Interest Expense InterestExpense	35760000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	34148000	USD
CY2016Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	458657000	USD
CY2016Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	481618000	USD
CY2016Q2	us-gaap	Inventory Net InventoryNet	1173329000	USD
CY2016Q3	us-gaap	Inventory Net InventoryNet	1247972000	USD
CY2016Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	74765000	USD
CY2016Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	80291000	USD
CY2016Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	639907000	USD
CY2016Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	686063000	USD
CY2016Q2	us-gaap	Investments And Other Noncurrent Assets InvestmentsAndOtherNoncurrentAssets	827492000	USD
CY2016Q3	us-gaap	Investments And Other Noncurrent Assets InvestmentsAndOtherNoncurrentAssets	817691000	USD
CY2016Q3	us-gaap	Liabilities Liabilities	7320325000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12034142000	USD
CY2016Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	11970914000	USD
CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	2365888000	USD
CY2016Q3	us-gaap	Liabilities Current LiabilitiesCurrent	2494238000	USD
CY2016Q2	us-gaap	Long Term Debt LongTermDebt	2733140000	USD
CY2016Q3	us-gaap	Long Term Debt LongTermDebt	2734220000	USD
CY2016Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	361787000	USD
CY2016Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	595956000	USD
CY2016Q2	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	3133989000	USD
CY2016Q3	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	3112093000	USD
CY2016Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2652457000	USD
CY2016Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2653008000	USD
CY2016Q2	us-gaap	Minority Interest MinorityInterest	3423000	USD
CY2016Q3	us-gaap	Minority Interest MinorityInterest	3308000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-635000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	15461000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-201426000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	45213000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	19939000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	113932000	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	194978000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	210129000	USD
CY2015Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	48000	USD
CY2016Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	109000	USD
CY2016Q2	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	129783000	USD
CY2016Q3	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	110236000	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	416046000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	411088000	USD
CY2016Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	458970000	USD
CY2016Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	485384000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-83284000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	42342000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	-97000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest	49000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-83187000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	42293000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-28896000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-34162000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax	-45290000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax	-53410000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	43247000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	51660000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4737141000	USD
CY2015Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	319491000	USD
CY2016Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	132526000	USD
CY2015Q3	us-gaap	Payments Of Dividends PaymentsOfDividends	85987000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	-28896000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	-34162000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax	-16394000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax	-19248000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	306581000	USD
CY2016Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	311634000	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	13179000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	12237000	USD
CY2015Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	40273000	USD
CY2016Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-1450000	USD
CY2016Q3	us-gaap	Payments Of Dividends PaymentsOfDividends	84749000	USD
CY2015Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	67552000	USD
CY2016Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	29927000	USD
CY2015Q3	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	430533000	USD
CY2016Q3	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	189654000	USD
CY2015Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	38681000	USD
CY2016Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	32526000	USD
CY2016Q2	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	2076143000	USD
CY2016Q3	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	1806366000	USD
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.50
CY2016Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.50
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	3000000	shares
CY2016Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	3000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	104360000	USD
CY2016Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	144444000	USD
CY2015Q3	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	395000	USD
CY2016Q3	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
CY2015Q3	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	406799000	USD
CY2016Q3	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	233070000	USD
CY2015Q3	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	371766000	USD
CY2016Q3	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	291372000	USD
CY2015Q3	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	3847000	USD
CY2016Q3	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	4498000	USD
CY2015Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	56000	USD
CY2016Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	788000	USD
CY2015Q3	us-gaap	Profit Loss ProfitLoss	195026000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	210238000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4761786000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1568100000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1562933000	USD
CY2015Q3	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2407000	USD
CY2016Q3	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1122000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	10302866000	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	10427245000	USD
CY2015Q3	us-gaap	Sales Revenue Net SalesRevenueNet	2869348000	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	2743131000	USD
CY2015Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	370214000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	322969000	USD
CY2015Q3	us-gaap	Share Based Compensation ShareBasedCompensation	35381000	USD
CY2016Q3	us-gaap	Share Based Compensation ShareBasedCompensation	35818000	USD
CY2016Q2	us-gaap	Short Term Investments ShortTermInvestments	882342000	USD
CY2016Q3	us-gaap	Short Term Investments ShortTermInvestments	746708000	USD
CY2015Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	31427000	USD
CY2016Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	18772000	USD
CY2014Q4	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	35000000	shares
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	4575255000	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	4647281000	USD
CY2015Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5107569000	USD
CY2015Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4854751000	USD
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4578678000	USD
CY2016Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4650589000	USD
CY2016Q3	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	120.76
CY2016Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	47033896	shares
CY2016Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	47647652	shares
CY2016Q3	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	949744	shares
CY2016Q2	us-gaap	Treasury Stock Value TreasuryStockValue	4218820000	USD
CY2016Q3	us-gaap	Treasury Stock Value TreasuryStockValue	4303350000	USD
CY2015Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	310000000	USD
CY2016Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	114692000	USD
CY2016Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	141471000	USD
CY2016Q3	us-gaap	Unrecognized Tax Benefits Interest On Income Taxes Accrued UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued	13409000	USD
CY2016Q3	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	82416000	USD
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	138574908	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	135825658	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	136844504	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	133679378	shares
CY2016Q3	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-15, "Classification of Certain Cash Receipts and Cash Payments." ASU 2016-15 provides specific guidance on several cash flow classification issues to reduce diversity in practice in how certain transactions are classified within the statement of cash flows. ASU 2016-15 is effective for fiscal years, and interim periods with those years, beginning after December 15, 2017. Early adoption is permitted. The Company has not yet determined the effect that ASU 2016-15 will have on its financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, "Measurement of Credit Losses on Financial Instruments." ASU 2016-13 requires a financial asset (or a group of financial assets) measured at amortized cost to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. Credit losses relating to available-for-sale debt securities should be recorded through an allowance for credit losses. ASU 2016-13 is effective for fiscal years, and interim periods with those years, beginning after December 15, 2019. Early adoption is permitted. The Company has not yet determined the effect that ASU 2016-13 will have on its financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting." Under ASU 2016-09, all excess tax benefits and deficiencies arising from employee share-based payment awards, and dividends on those awards, will be recognized in the income statement during the period in which they occur. ASU 2016-09 allows companies to make an accounting policy election to estimate forfeitures, as required today, or record them when they occur and allows companies to withhold an amount up to the maximum statutory tax rate without causing the award to be classified as a liability. Within the statement of cash flows, ASU 2016-09 requires excess tax benefits to be classified as an operating activity and cash payments to tax authorities in connection with shares withheld to be classified as a financing activity. The Company adopted ASU 2016-09 in the first quarter of fiscal 2017. During the first quarter of fiscal 2017, the Company applied the recognition of the excess tax benefits and deficiencies requirement on a prospective basis and recognized a discrete income tax benefit of </font><font style="font-family:inherit;font-size:10pt;">$9,502</font><font style="font-family:inherit;font-size:10pt;">, which was recorded as a reduction to income tax expense. Prior to the adoption of ASU 2016-09, this excess tax benefit was recorded as an increase to additional capital. The cash flow classification requirements of ASU 2016-09 were applied retrospectively. As a result, for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September 30, 2015</font><font style="font-family:inherit;font-size:10pt;"> cash flows from operating activities was increased by </font><font style="font-family:inherit;font-size:10pt;">$14,971</font><font style="font-family:inherit;font-size:10pt;"> and cash flows from financing activities was decreased by </font><font style="font-family:inherit;font-size:10pt;">$14,971</font><font style="font-family:inherit;font-size:10pt;">. The Company elected to continue to estimate forfeitures expected to occur rather than electing to account for forfeitures as they occur. The other provisions of ASU 2016-09 related to accounting for income taxes and minimum statutory share withholding tax requirements had no impact on the Company's financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, "Leases." ASU 2016-02 requires lessees to put most leases on their balance sheet by recognizing a liability to make lease payments and an asset representing their right to use the asset during the lease term. Lessee recognition, measurement, and presentation of expenses and cash flows will not change significantly from existing guidance. Lessor accounting is also largely unchanged from existing guidance. ASU 2016-02 requires qualitative and quantitative disclosures that provide information about the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Company has not yet determined the effect that ASU 2016-02 will have on its financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2. New Accounting Pronouncements, cont'd</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01, "Recognition and Measurement of Financial Assets and Liabilities." ASU 2016-01 requires equity investments (excluding equity method investments and investments that are consolidated) to be measured at fair value with changes in fair value recognized in net income. Equity investments that do not have a readily determinable fair value may be measured at cost, adjusted for impairment and observable price changes. The ASU also simplifies the impairment assessment of equity investments, eliminates the disclosure of the assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at cost on the balance sheet and requires the exit price to be used when measuring fair value of financial instruments for disclosure purposes. Under ASU 2016-01, changes in fair value (resulting from instrument-specific credit risk) will be presented separately in other comprehensive income for liabilities measured using the fair value option and financial assets and liabilities will be presented separately by measurement category and type either on the balance sheet or in the financial statement disclosures. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company has not yet determined the effect that ASU 2016-01 will have on its financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest." ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in the ASU. ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. During the first quarter of fiscal 2017, the Company retrospectively adopted ASU 2015-03 and has revised the following captions within the Consolidated Balance Sheet at June 30, 2016:</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:97.65625%;border-collapse:collapse;text-align:left;"><tr><td colspan="6" rowspan="1"></td></tr><tr><td style="width:59%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">As Previously<br clear="none"/>Reported</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revised</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">850,088</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">827,492</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Notes payable and long-term debt payable within one year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">361,840</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">361,787</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,675,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,652,457</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers." ASU 2014-09 requires revenue recognition to depict the transfer of goods or services to customers in an amount that reflects the consideration that a company expects to be entitled to in exchange for the goods or services. To achieve this principle, a company must apply five steps including identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when (or as) the company satisfies the performance obligations. Additional quantitative and qualitative disclosure to enhance the understanding about the nature, amount, timing, and uncertainty of revenue and cash flows is also required. ASU 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. In April 2016, the FASB issued ASU 2016-10, "Identifying Performance Obligations and Licensing." ASU 2016-10 clarifies the following two aspects of ASU 2014-09: identifying performance obligations and licensing implementation guidance. The effective date of ASU 2016-10 is the same as the effective date of ASU 2014-09. The Company has not yet determined the effect that ASU 2014-09 and ASU 2016-10 will have on its financial statements.</font></div></div>

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0000076334-16-000220.txt	Edgar Link	pending
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ph-10qxq19302016.htm	Edgar Link	pending
ph-20160930.xml	Edgar Link	completed
ph-20160930.xsd	Edgar Link	pending
ph-20160930_cal.xml	Edgar Link	unprocessable
ph-20160930_def.xml	Edgar Link	unprocessable
ph-20160930_lab.xml	Edgar Link	unprocessable
ph-20160930_pre.xml	Edgar Link	unprocessable
ph9302016ex10a.htm	Edgar Link	pending
ph9302016ex10b.htm	Edgar Link	pending
ph9302016ex10c.htm	Edgar Link	pending
ph9302016ex12.htm	Edgar Link	pending
ph9302016ex31a.htm	Edgar Link	pending
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$PH
PARKER HANNIFIN CORP Stock $ph

2016 Q3 Form 10-Q Financial Statement

#000007633416000220 Filed on November 01, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PH PARKER HANNIFIN CORP Stock $ph

2016 Q3 Form 10-Q Financial Statement

#000007633416000220 Filed on November 01, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PH
PARKER HANNIFIN CORP Stock $ph