Selected Financial Data
since 2005
Income Statement
Parker-Hannifin Corp., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Net sales | Net income attributable to common shareholders |
|---|---|---|
| Jun 30, 2022 | 15,861,608) | 1,315,605) |
| Jun 30, 2021 | 14,347,640) | 1,746,100) |
| Jun 30, 2020 | 13,695,520) | 1,206,341) |
| Jun 30, 2019 | 14,320,324) | 1,512,364) |
| Jun 30, 2018 | 14,302,392) | 1,060,801) |
| Jun 30, 2017 | 12,029,312) | 983,412) |
| Jun 30, 2016 | 11,360,753) | 806,840) |
| Jun 30, 2015 | 12,711,744) | 1,012,140) |
| Jun 30, 2014 | 13,215,971) | 1,041,048) |
| Jun 30, 2013 | 13,015,704) | 948,427) |
| Jun 30, 2012 | 13,145,942) | 1,151,823) |
| Jun 30, 2011 | 12,345,870) | 1,049,130) |
| Jun 30, 2010 | 9,993,166) | 554,065) |
| Jun 30, 2009 | 10,309,015) | 508,515) |
| Jun 30, 2008 | 12,145,605) | 949,466) |
| Jun 30, 2007 | 10,718,059) | 830,046) |
| Jun 30, 2006 | 9,385,888) | 673,167) |
| Jun 30, 2005 | 8,215,095) | 604,692) |
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), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Financial performance from 2005 to 2022 demonstrates a general upward trajectory in both top-line revenue and bottom-line earnings, punctuated by periodic cyclical contractions. Net sales expanded from approximately 8.2 billion US dollars in 2005 to 15.8 billion US dollars by 2022, reflecting sustained long-term growth despite intermittent volatility.
- Revenue Growth Patterns
- A period of rapid expansion is observed between 2005 and 2008, during which net sales rose from 8.2 billion to 12.1 billion US dollars. This growth was interrupted by a significant contraction in 2009, with sales dropping to 10.3 billion US dollars. Following a subsequent dip in 2010, a recovery phase began in 2011, with revenue stabilizing between 11 billion and 14 billion US dollars for several years. A final acceleration occurred between 2020 and 2022, culminating in a peak of 15.8 billion US dollars.
- Net Income Volatility
- Earnings attributable to common shareholders exhibited higher variance than net sales. A sharp decline occurred in 2009, where net income fell to 508 million US dollars from a 2008 high of 949 million US dollars. A strong recovery trend was evident from 2016 onward, with net income reaching a historic peak of 1.74 billion US dollars in 2021. However, 2022 saw a contraction in net income to 1.31 billion US dollars, despite the period recording the highest net sales in the analyzed timeframe.
- Profitability and Margin Observations
- The relationship between sales and net income indicates fluctuating profit margins. Between 2017 and 2019, net income grew at a faster rate than sales, rising from 983 million to 1.51 billion US dollars while sales increased by approximately 19%. A notable divergence is observed in 2022, where a record increase in net sales to 15.8 billion US dollars did not translate into earnings growth, resulting in a decline in net income compared to 2021 levels.
AI Ask an analyst for more
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?
Balance Sheet: Assets
Parker-Hannifin Corp., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Jun 30, 2022 | 12,046,644) | 25,943,943) |
| Jun 30, 2021 | 5,616,750) | 20,341,200) |
| Jun 30, 2020 | 4,885,204) | 19,738,189) |
| Jun 30, 2019 | 7,673,086) | 17,576,690) |
| Jun 30, 2018 | 5,085,238) | 15,320,087) |
| Jun 30, 2017 | 4,779,718) | 15,489,904) |
| Jun 30, 2016 | 5,207,787) | 12,056,738) |
| Jun 30, 2015 | 5,583,092) | 12,295,037) |
| Jun 30, 2014 | 6,071,580) | 13,274,362) |
| Jun 30, 2013 | 5,531,186) | 12,540,898) |
| Jun 30, 2012 | 4,498,114) | 11,170,282) |
| Jun 30, 2011 | 4,305,256) | 10,886,805) |
| Jun 30, 2010 | 3,588,796) | 9,910,382) |
| Jun 30, 2009 | 3,123,781) | 9,855,902) |
| Jun 30, 2008 | 4,095,625) | 10,386,854) |
| Jun 30, 2007 | 3,386,175) | 8,441,413) |
| Jun 30, 2006 | 3,138,978) | 8,173,432) |
| Jun 30, 2005 | 2,785,872) | 6,898,961) |
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), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
The overall asset trajectory from 2005 to 2022 is characterized by significant long-term expansion, with total assets increasing from approximately $6.9 billion to $25.9 billion. This growth represents a nearly fourfold increase over the observed period, reflecting a substantial expansion of the balance sheet.
- Total Asset Growth Patterns
- A steady upward trend is observed in total assets, with a brief period of stagnation between 2009 and 2010. Significant growth phases occurred between 2016 and 2017, and most notably between 2021 and 2022, where total assets surged from $20.3 billion to $25.9 billion, indicating a substantial acquisition or capital investment event during the final fiscal year.
- Current Asset Volatility
- Current assets exhibit greater volatility compared to total assets. While there was a general increase from 2005 to 2019, a sharp contraction occurred in 2020, with current assets dropping from $7.7 billion in 2019 to $4.9 billion. This was followed by a rapid recovery and an unprecedented spike in 2022, reaching $12.0 billion, which is the highest value recorded in the series.
- Asset Composition and Liquidity Shifts
- The proportion of current assets relative to total assets has fluctuated considerably. In 2005, current assets comprised approximately 40% of total assets. This ratio dipped to its lowest point in 2020, falling to roughly 25%, suggesting a temporary shift toward non-current assets or a reduction in liquidity. However, by 2022, the ratio rebounded to approximately 46%, indicating a significant increase in short-term liquidity or a surge in working capital components.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Balance Sheet: Liabilities and Stockholders’ Equity
Parker-Hannifin Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Notes payable and long-term debt | Shareholders’ equity | |
|---|---|---|---|---|
| Jun 30, 2022 | 5,859,318) | 17,084,023) | 11,480,135) | 8,848,011) |
| Jun 30, 2021 | 3,096,503) | 11,927,530) | 6,584,877) | 8,398,307) |
| Jun 30, 2020 | 3,148,373) | 13,609,660) | 8,461,785) | 6,113,983) |
| Jun 30, 2019 | 3,151,773) | 11,608,538) | 7,107,845) | 5,961,969) |
| Jun 30, 2018 | 3,197,483) | 9,454,594) | 4,957,025) | 5,859,866) |
| Jun 30, 2017 | 3,395,860) | 10,222,558) | 5,870,360) | 5,261,649) |
| Jun 30, 2016 | 2,365,941) | 7,478,060) | 3,036,840) | 4,575,255) |
| Jun 30, 2015 | 2,350,130) | 7,187,468) | 2,947,102) | 5,104,287) |
| Jun 30, 2014 | 3,252,796) | 6,611,554) | 2,324,764) | 6,659,428) |
| Jun 30, 2013 | 3,520,203) | 6,799,417) | 2,829,786) | 5,738,426) |
| Jun 30, 2012 | 2,486,013) | 6,264,552) | 1,729,535) | 4,896,515) |
| Jun 30, 2011 | 2,391,043) | 5,398,469) | 1,766,357) | 5,383,854) |
| Jun 30, 2010 | 2,204,891) | 5,450,982) | 1,776,906) | 4,367,965) |
| Jun 30, 2009 | 2,005,754) | 5,576,277) | 2,321,172) | 4,279,625) |
| Jun 30, 2008 | 2,183,256) | 5,127,883) | 2,071,316) | 5,258,971) |
| Jun 30, 2007 | 1,925,245) | 3,729,748) | 1,285,300) | 4,711,665) |
| Jun 30, 2006 | 1,681,105) | 3,932,229) | 1,131,500) | 4,241,203) |
| Jun 30, 2005 | 1,335,927) | 3,558,814) | 970,386) | 3,340,147) |
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), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
An analysis of the balance sheet from 2005 to 2022 reveals a substantial expansion in both total liabilities and shareholders' equity, though the rate of growth in liabilities has significantly outpaced equity growth, indicating an increase in financial leverage over the seventeen-year period.
- Liability Growth and Composition
- Total liabilities grew from 3.56 billion US dollars in 2005 to 17.08 billion US dollars in 2022. This trajectory was characterized by moderate increases until 2016, followed by a series of sharp accelerations. A notable surge occurred between 2016 and 2017, where liabilities rose from 7.48 billion to 10.22 billion US dollars, and again between 2021 and 2022, where they climbed from 11.93 billion to 17.08 billion US dollars.
- Long-term Debt Dynamics
- Notes payable and long-term debt have been the primary driver of the total liability increase. Long-term debt rose from 970 million US dollars in 2005 to 11.48 billion US dollars in 2022. The proportion of long-term debt relative to total liabilities increased significantly; in 2005, long-term debt represented approximately 27% of total liabilities, whereas by 2022, it accounted for approximately 67% of the total liability structure.
- Current Liabilities Trends
- Current liabilities exhibited a general upward trend, rising from 1.34 billion US dollars in 2005 to 5.86 billion US dollars in 2022. While the growth was gradual for much of the period, a sharp spike is observed in the final year of the analysis, with current liabilities nearly doubling from 3.10 billion US dollars in 2021 to 5.86 billion US dollars in 2022.
- Shareholders' Equity Evolution
- Shareholders' equity increased from 3.34 billion US dollars in 2005 to 8.85 billion US dollars in 2022. This growth was non-linear, with notable contractions occurring around 2009 and between 2014 and 2016. However, a period of sustained growth began after 2016, with equity increasing from 5.26 billion US dollars to 8.85 billion US dollars by 2022.
- Financial Leverage Analysis
- The debt-to-equity profile shifted markedly over the analyzed timeframe. In 2005, the ratio of total liabilities to shareholders' equity was approximately 1.06. By 2022, this ratio increased to approximately 1.94, reflecting a strategic shift toward higher leverage to fund operations or acquisitions.
AI Ask an analyst for more
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?
Cash Flow Statement
Parker-Hannifin Corp., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Jun 30, 2022 | 2,441,730) | (418,837) | 3,915,636) |
| Jun 30, 2021 | 2,575,001) | (13) | (2,623,339) |
| Jun 30, 2020 | 2,070,949) | (5,023,993) | 449,310) |
| Jun 30, 2019 | 1,730,140) | (218,510) | 902,306) |
| Jun 30, 2018 | 1,600,287) | 20,090) | (1,681,972) |
| Jun 30, 2017 | 1,302,471) | (3,365,148) | 1,782,628) |
| Jun 30, 2016 | 1,169,843) | (264,639) | (802,423) |
| Jun 30, 2015 | 1,301,941) | (579,163) | (1,044,744) |
| Jun 30, 2014 | 1,387,893) | (646,401) | (958,115) |
| Jun 30, 2013 | 1,190,935) | (809,845) | 576,174) |
| Jun 30, 2012 | 1,530,385) | (375,768) | (823,520) |
| Jun 30, 2011 | 1,166,933) | (244,938) | (915,778) |
| Jun 30, 2010 | 1,218,822) | (146,173) | (649,996) |
| Jun 30, 2009 | 1,129,192) | (960,831) | (274,348) |
| Jun 30, 2008 | 1,316,610) | (1,170,800) | 1,222) |
| Jun 30, 2007 | 955,007) | (579,761) | (378,529) |
| Jun 30, 2006 | 954,639) | (921,243) | (194,192) |
| Jun 30, 2005 | 871,815) | (564,560) | (137,538) |
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), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
The cash flow profile from 2005 to 2022 exhibits a trajectory of consistent operational growth coupled with strategic, large-scale capital allocations and fluctuating financing activities. Operating cash flows demonstrate a steady upward trend, while investing and financing activities reflect a pattern of periodic, significant expenditures typically associated with inorganic growth and capital restructuring.
- Operating Cash Flow Trends
- Net cash provided by operating activities grew from 871.8 million US dollars in 2005 to 2.44 billion US dollars in 2022. A sustained increase is observable, with a notable acceleration beginning in 2018, leading to a peak of 2.57 billion US dollars in 2021. The consistency of these positive inflows indicates a robust capacity to generate liquidity from core business operations over the 18-year period.
- Investing Activity Patterns
- Investing activities remained predominantly negative, signifying consistent outflows for capital expenditures or acquisitions. Two significant anomalies are evident: a substantial outflow of 3.36 billion US dollars in 2017 and a peak outflow of 5.02 billion US dollars in 2020. These spikes suggest major strategic acquisitions or large-scale infrastructure investments during those specific fiscal years. Conversely, investing outflows were minimal in 2018 and 2021, indicating periods of reduced capital deployment.
- Financing Activity Volatility
- Financing activities display high volatility, alternating between significant net outflows and inflows. Large outflows, such as the 2.62 billion US dollars recorded in 2021, suggest aggressive debt repayment or shareholder returns. These are offset by substantial inflows, most notably 1.78 billion US dollars in 2017 and 3.91 billion US dollars in 2022, which likely represent the issuance of debt or equity to fund the aforementioned large-scale investing activities.
- Integrated Cash Flow Dynamics
- A correlation is observed between investing and financing spikes. The massive investing outflow in 2017 coincided with a significant financing inflow, suggesting that the investment was partially funded through external financing. A similar pattern is seen between 2020 and 2022, where the 5.02 billion US dollar investment in 2020 was followed by a massive 3.91 billion US dollar financing inflow in 2022. This cycle indicates a strategic approach to funding expansion through a mix of operational cash and leveraged financing.
AI Ask an analyst for more
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?
Per Share Data
Parker-Hannifin Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Jun 30, 2022 | 10.24 | 10.09 | 4.42 |
| Jun 30, 2021 | 13.54 | 13.35 | 3.67 |
| Jun 30, 2020 | 9.39 | 9.29 | 3.52 |
| Jun 30, 2019 | 11.63 | 11.48 | 3.16 |
| Jun 30, 2018 | 7.98 | 7.83 | 2.74 |
| Jun 30, 2017 | 7.37 | 7.25 | 2.58 |
| Jun 30, 2016 | 5.96 | 5.89 | 2.52 |
| Jun 30, 2015 | 7.08 | 6.97 | 2.37 |
| Jun 30, 2014 | 6.98 | 6.87 | 1.86 |
| Jun 30, 2013 | 6.36 | 6.26 | 1.70 |
| Jun 30, 2012 | 7.62 | 7.45 | 1.54 |
| Jun 30, 2011 | 6.51 | 6.37 | 1.25 |
| Jun 30, 2010 | 3.44 | 3.40 | 1.01 |
| Jun 30, 2009 | 3.15 | 3.13 | 1.00 |
| Jun 30, 2008 | 5.64 | 5.53 | 0.84 |
| Jun 30, 2007 | 4.75 | 4.68 | 0.69 |
| Jun 30, 2006 | 3.76 | 3.71 | 0.61 |
| Jun 30, 2005 | 3.39 | 3.35 | 0.52 |
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), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1, 2, 3 Data adjusted for splits and stock dividends.
An analysis of per-share metrics from 2005 to 2022 reveals a long-term trajectory of growth in both profitability and shareholder returns, characterized by periodic volatility in earnings and a highly disciplined approach to dividend increases.
- Earnings Per Share Trends
- Basic earnings per share grew from 3.39 USD in 2005 to 10.24 USD in 2022. This growth was non-linear and exhibited significant cyclicality. A sharp contraction occurred in 2009, where basic EPS fell to 3.15 USD from a 2008 high of 5.64 USD. Following a recovery period, earnings peaked at 13.54 USD in 2021 before adjusting to 10.24 USD in 2022. Diluted earnings per share mirrored these movements closely, rising from 3.35 USD in 2005 to 10.09 USD in 2022.
- Dividend Distribution Patterns
- Dividends per share demonstrated a consistent, monotonic increase over the entire 17-year period. Starting at 0.52 USD in 2005, the annual distribution grew every year without exception, reaching 4.42 USD by 2022. The persistence of these increases during earnings downturns—specifically in 2009 and 2020—indicates a corporate policy of prioritizing steady dividend growth over short-term earnings fluctuations.
- Analysis of Dilution
- A narrow margin is maintained between basic and diluted earnings per share across all reported years. For example, in 2021, the variance was 0.19 USD (13.54 USD basic vs. 13.35 USD diluted). This minimal gap suggests a low level of dilution from stock options, warrants, or convertible securities, ensuring that earnings growth translates efficiently to the common shareholder.
AI Ask an analyst for more
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?