Name: Parker-Hannifin Corp. (NYSE:PH) | Income Statement
Creator: Stock Analysis on Net

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Download chart

Parker-Hannifin Corp., consolidated income statement

US$ in thousands

12 months ended:	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Net sales	15,861,608)	14,347,640)	13,695,520)	14,320,324)	14,302,392)	12,029,312)
Cost of sales	(11,387,267)	(10,449,680)	(10,286,518)	(10,703,484)	(10,762,841)	(9,188,962)
Gross profit	4,474,341)	3,897,960)	3,409,002)	3,616,840)	3,539,551)	2,840,350)
Selling, general and administrative expenses	(1,627,116)	(1,527,302)	(1,656,553)	(1,543,939)	(1,657,152)	(1,453,935)
Gain (loss) on disposal of assets	7,121)	109,332)	1,227)	(10,585)	4,483)	43,261)
Operating income	2,854,346)	2,479,990)	1,753,676)	2,062,316)	1,886,882)	1,429,676)
Interest expense	(255,252)	(250,036)	(308,161)	(190,138)	(213,873)	(162,436)
Other income (expense), net	(984,868)	17,003)	67,112)	61,247)	29,268)	61,401)
Income before income taxes	1,614,226)	2,246,957)	1,512,627)	1,933,425)	1,702,277)	1,328,641)
Income taxes	(298,040)	(500,096)	(305,924)	(420,494)	(640,962)	(344,797)
Net income	1,316,186)	1,746,861)	1,206,703)	1,512,931)	1,061,315)	983,844)
Noncontrolling interest in subsidiaries’ earnings	(581)	(761)	(362)	(567)	(514)	(432)
Net income attributable to common shareholders	1,315,605)	1,746,100)	1,206,341)	1,512,364)	1,060,801)	983,412)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

The financial trajectory from 2017 to 2022 is characterized by a general expansion in top-line revenue and a notable improvement in operational efficiency, despite significant volatility in net income during the final fiscal year analyzed.

Revenue and Gross Profitability: Net sales demonstrated an overall upward trend, growing from 12.03 billion USD in 2017 to 15.86 billion USD in 2022. While a temporary contraction occurred in 2020, revenue recovered strongly in the subsequent two years. Gross profit margins expanded consistently over the period, rising from approximately 23.6% in 2017 to 28.2% in 2022. This indicates an improved ability to manage the cost of sales relative to revenue growth.
Operational Efficiency: Operating income exhibited significant growth, increasing from 1.43 billion USD in 2017 to 2.85 billion USD in 2022. This growth outpaced the increase in net sales, suggesting an improvement in operating leverage. Selling, general, and administrative expenses remained relatively stable, fluctuating between 1.45 billion USD and 1.66 billion USD, which indicates that the organization successfully scaled its operations without a proportional increase in overhead costs.
Net Income and Non-Operating Impact: Net income attributable to common shareholders showed a non-linear progression, peaking at 1.75 billion USD in 2021 before declining to 1.32 billion USD in 2022. A critical divergence is observed in 2022, where the highest operating income in the period was offset by a substantial net expense in other income (expense), totaling 984.87 million USD. This non-operating loss significantly compressed the net profit margin despite strong core operational performance.
Taxation and Interest Obligations: Interest expenses showed an upward trend from 2017 to 2020, peaking at 308.16 million USD, before stabilizing around 250 million USD in 2021 and 2022. Income tax expenses fluctuated, with a notable peak in 2018, but generally aligned with the volatility of the income before taxes.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?