PARKER-HANNIFIN CORPORATION PH Cash Flow

Parker-hannifin corporation (PH)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08	Sep'08
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
367,369	204,598	339,041	413,738	411,381	311,913	375,899	353,328	366,130	56,322	285,535	293,359	238,847	241,400	210,238	241,911	187,142	183,137	195,026	179,585	285,462	267,335	280,171	301,176	242,518	253,404	244,320	271,130	256,592	181,114	239,948	302,302	312,689	242,343	298,158	294,654	281,648	231,818	249,030	223,052	154,380	104,963	73,970	48,393	53,155	156,761	251,835
Adjustments to reconcile net income to net cash provided by operations:
Depreciation
67,313	64,885	54,856	55,044	55,631	57,207	57,793	58,394	59,077	60,375	59,960	59,909	50,325	45,637	46,997	46,645	46,988	48,141	48,534	49,892	49,213	50,898	52,773	53,216	53,214	54,200	54,335	53,919	53,522	53,273	53,008	51,003	51,085	53,326	55,094	56,769	55,498	59,233	57,738	57,305	59,071	64,754	64,165	63,836	61,590	63,116	64,057
Amortization
70,336	79,344	54,215	50,344	52,627	52,845	54,698	56,375	58,023	57,734	56,147	58,777	37,133	28,115	28,336	28,421	28,696	29,730	29,688	30,367	27,394	27,959	28,995	30,336	29,846	30,310	31,245	31,131	33,225	29,382	28,164	26,523	29,187	25,973	29,738	28,906	28,334	26,074	27,248	27,189	29,007	32,220	28,798	29,564	26,862	26,603	22,109
Share incentive plan compensation
18,788	20,436	52,633	19,553	19,910	21,674	42,941	29,260	25,304	21,056	43,211	19,423	13,755	11,343	35,818	17,558	14,709	3,645	35,381	21,263	22,613	11,658	40,559	18,514	9,277	26,372	48,998	19,480	18,989	15,266	31,261	16,833	19,640	16,564	27,898	16,446	15,461	12,089	29,242	11,173	11,085	10,624	26,436	11,929	6,835	7,796	20,655
Deferred income taxes
1,346	24,156	-15,548	-742	-14,122	15,636	31,765	47,620	-14,931	-84,324	10,223	-6,506	-27,446	-19,720	90,696	-39,761	-5,026	-23,869	2,970	48,227	5,891	-82,419	47,166	-73,370	-42,900	57,878	-15,747	490	-28,572	-27,316	54,030	-1,524	-35,025	-15,809	-4,094	13,158	-23,564	88	31,033	-8,210	30,022	-23,154	-16,011	-10,605	-9,513	-552	7,622
Foreign currency transaction (gain) loss
19,609	-7,801	1,232	-834	-2,528	1,002	-3,528	9,260	-3,924	-9,029	-3,591	-1,856	-7,057	5,857	-5,004	2,913	-17,494	-13,423	5,254	-1,788	56,386	10,461	12,725	174	-1,121	3,233	-7,684	-5,116	-4,354	-9,045	-982	4,326	-3,432	-5,494	300	-8,146	7,095	-1,485	-7,934	4,163	-4,050	-2,960	4,096	-1,090	-704	1,167	-1,159
(Gain) loss on plant and equipment and intangible assets
716	-5,791	10,269	-1,098	-565	-7,254	3,826	-2,345	238	26,273	256	-981	-203	-991	681	-338	-412	-735	1,071	-4,705	-2,156	-830	-7,262	-936	-1,455	1,330	-1,936	-4,826	252	688	1,140	-427	1,613	-171	1,479	-481	2,947	5,035	209	-1,441	-3,269	-7,776	2,194	-3,216	6,499	-2,182	-765
Loss on sale of businesses
0	0	0	-5,231	0	2,406	-3,029	-19,666	0	0	0	-	-	-	-	-	-	-	-	1,688	-1,059	9	5,782	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on marketable securities
-2,403	2,170	-201	-3,076	1,214	-8,905	3,204	1	0	1	0	0	802	63	167	188	377	104	54	-3,817	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on investments
0	1,351	498	-	962	677	2,536	-	0	-19,982	-13,777	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of effect of acquisitions:
Accounts receivable, net
206,226	-166,333	-213,203	5,692	177,494	-107,269	-78,369	76,531	275,433	-26,554	-23,432	49,905	205,942	-14,843	-145,657	3,618	152,423	-107,235	-66,355	-103,870	172,221	-133,622	-77,908	88,998	232,973	-95,729	-127,098	60,724	243,432	-197,729	-85,221	-47,705	209,181	-38,650	-31,735	4,079	282,282	-46,890	20,281	80,208	213,983	-76,524	2,682	-165,707	-102,721	-210,846	-118,791
Inventories
33,743	-49,832	24,108	-80,320	-43,957	51,099	124,995	-52,460	-62,665	64,591	142,743	-17,497	-6,270	32,688	64,752	-67,123	-49,774	-29,042	25,696	-71,728	-13,230	42,373	112,962	-80,724	-2,144	17,744	68,940	-87,577	-24,370	-24,593	38,022	-26,996	-42,544	5,225	92,648	4,806	4,616	61,102	68,538	10,166	-19,161	-27,004	-17,863	-125,381	-148,069	-34,796	89,651
Prepaid expenses and other
-71,936	65,770	-15,617	-	-10,565	23,754	16,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-26,996	-37,966	68,115	13,053	-3,739	-29,709	-9,070	40,108	-18,831	-17,692	-54,994	-44,517	52,100	30,806	43,785	-10,130	-53,238	13,578	-9,268	-9,189	48,031	-14,530	-5,683	19,633	38,348	-30,571	34,367	-15,163	21,450	-18,083	920	-10,764	23,472	-8,125	-1,966	-42,962	-11,693	82,889	-3,767	-5,783
Other assets
-25,479	27,845	10,902	-15,256	26,793	-33,358	19,144	-7,999	-20,831	16,223	29,487	7,179	-3,009	5,543	-3,918	-14,213	-1,427	38,974	-18,301	-18,685	-6,466	3,704	471	35,861	3,703	28,749	10,845	-11,450	6,790	7,090	13,577	-19,782	-547	6,933	19,974	-1,808	5,273	28,410	7,243	-19,766	-2,811	6,236	-25,690	7,839	-24,710	-38,822	-8,305
Accounts payable, trade
124,138	-42,444	-135,569	-11,448	119,304	-95,906	-24,347	85,219	132,955	-82,517	-9,750	73,618	119,401	2,957	-21,215	41,570	41,122	-59,248	-75,822	-57,031	24,271	-29,026	-24,964	51,194	124,035	-40,357	-41,945	-1,880	102,707	-96,174	-70,735	56,638	70,098	-44,199	-22,845	78,203	109,470	6,628	33,863	121,891	101,023	36,412	110	-24,779	-77,453	-119,391	-83,240
Accrued payrolls and other compensation
-	-	-118,326	-	-	-	-106,992	46,147	60,926	-2,166	-109,521	52,677	57,955	-1,716	-102,994	46,314	55,687	-11,795	-113,071	35,235	65,590	-6,023	-107,459	55,930	69,887	353	-105,330	34,865	63,568	-16,465	-127,739	56,219	81,473	-4,584	-117,105	65,797	80,730	-2,469	-68,653	47,591	76,563	-16,071	-82,069	32,815	23,938	-49,362	-75,045
Accrued domestic and foreign taxes
-12,286	-30,932	23,233	-19,682	3,847	-55,428	40,670	24,091	14,132	-11,457	17,253	-10,658	27,820	16,131	-15,128	4,474	15,244	-20,219	-5,784	24,833	13,209	-21,242	-60,241	71,033	-18,018	-8,951	42,681	23,671	27,572	-17,804	-50,493	-36,824	45,310	-86,876	8,088	6,059	86,862	-52,596	13,099	7,520	23,336	2,503	29,760	-19,244	24,206	-104,709	59,149
Other accrued liabilities
-6,280	-96,555	19,939	9,463	-11,725	-14	18,974	5,027	-69,597	47,839	11,164	-38,052	-16,981	-9,784	5,079	-6,424	-3,598	-20,336	-1,275	34,550	-42,494	-1,265	439	-35,479	12,104	10,279	-10,384	403	-8,177	-34,263	-20,691	-18,856	-23,659	41,099	34,928	-7,656	-12,014	-16,899	8,843	-7,593	16,954	-9,016	35,792	-49,449	-23,688	-90,354	3,849
Pensions and other postretirement benefits
3,913	22,578	9,738	12,525	-7,853	14,623	-187,663	-9,858	15,718	6,575	18,804	36,288	36,839	39,250	-216,243	29,744	44,948	46,969	-167,457	39,762	37,765	33,517	45,815	54,117	45,366	32,859	-32,773	37,214	56,461	53,120	-163,486	34,866	36,943	27,939	24,196	-185,906	41,015	33,564	-169,958	16,552	-77,050	25,442	25,177	17,631	-5,718	1,021	15,588
Other liabilities
-73,364	-2,294	-17,093	-18,707	7,842	-21,012	-58,770	-31,275	-52,988	268,975	-287	3,737	6,029	808	3,477	1,972	-7,324	202	-25,349	14,695	141	-7,889	-5,740	33,890	-2,433	10,872	1,169	2,823	3,399	-2,388	5,931	-15,492	-10,996	354	42,943	20,470	12,466	34,839	-11,032	-22,243	-12,677	7,526	-3,618	13,759	4,549	-43,007	-24,384
Net cash provided by operating activities
464,891	376,837	449,131	637,543	551,557	381,652	159,388	695,462	444,464	218,774	238,000	511,270	385,117	290,244	113,932	506,212	341,919	342,708	19,939	572,183	252,553	277,623	260,874	570,422	277,362	257,418	282,691	472,136	371,461	354,309	-6,971	523,924	443,045	253,920	309,496	367,000	391,776	285,277	122,880	377,425	235,147	346,197	260,053	413,098	271,579	137,168	307,347
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions (net of cash of $82,192 in 2020 and $690 in 2019)
459	3,379,149	1,696,456	0	0	0	2,042	0	0	0	0	1,442	4,037,828	0	29,927	0	0	0	67,552	-22	0	18,640	0	3,321	15,000	763	-1,491	497	-1,069	427,168	194,548	125,252	17,352	3,246	10,406	0	16,868	35,230	8,129	-	-	-	-	2,082	15,425	693,040	12,088
Capital expenditures
63,909	68,248	50,345	50,018	50,645	52,320	42,106	53,360	49,526	65,445	79,336	58,512	73,880	38,830	32,526	38,603	35,385	36,738	38,681	58,109	47,637	55,072	54,709	48,969	55,524	55,196	56,651	51,835	73,840	63,536	76,685	64,720	57,200	52,908	43,989	48,839	48,660	57,105	52,690	38,360	29,630	31,133	30,099	44,538	51,804	76,118	98,273
Proceeds from sale of plant and equipment
4,405	1,709	19,284	9,434	3,037	23,152	10,969	17,678	4,355	47,400	12,448	6,196	3,461	493	4,498	4,709	5,606	4,659	3,847	4,130	11,623	1,166	2,736	3,583	1,995	5,875	2,915	726	10,148	5,528	8,645	4,844	4,381	5,519	5,660	8,471	6,575	15,074	2,169	7,875	-1,611	1,243	4,422	3,087	15,349	3,113	7,437
Proceeds from sale of businesses
0	0	0	138	0	15,025	4,515	177,741	0	0	0	-	-	-	-	-	-	-	-	1,688	12,798	9	22,770	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities and other investments
1,148	30,145	159,984	130,044	48,891	1	2,844	2,119	179	8,056	70,253	14,105	57,652	204,255	189,654	162,870	613,411	144,650	430,533	290,923	484,804	474,414	497,192	624,880	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and sales of marketable securities and other investments
50,434	172,395	26,477	49,805	10,671	305	14,127	63,645	7,550	211	12,499	14,597	758,079	215,270	291,372	326,216	446,598	156,053	371,766	562,743	352,802	425,323	50,528	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-120,564	-1,304	-8,070	-18,270	-1,043	2,408	-2,318	513	-231	-1,377	-7,329	1,615	2,831	1,209	-1,450	-369	-1,086	1,177	40,273	1,275	1,487	38,179	5,060	1,072	2,654	777	-49	11,992	1,610	7,933	-168	4,718	1,883	14,679	-181	1,455	-1,118	9,051	318	11,245	-2,126	12,976	1,334	-865	-5,659	-5,031	8,004
Net cash used in investing activities
109,887	-3,302,134	-1,852,954	-102,415	-84,785	-16,247	-15,063	203,072	-37,569	-24,513	-117,313	-54,881	-3,410,651	57,079	45,213	129,821	-171,181	-21,853	-201,426	218,276	-156,705	-159,807	-480,927	-674,659	-71,183	151,637	-52,196	-62,273	-60,612	-424,540	-262,420	-189,846	-72,054	-65,314	-48,554	-41,823	-57,835	-86,312	-58,968	-41,730	-34,566	-42,866	-27,011	-42,668	-46,221	-761,014	-110,928
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock options
536	1,011	912	1,386	454	139	496	58	1,548	281	1,795	107	205	1,102	788	37	9	24	56	527	104	1,737	987	1,378	1,934	1,095	3,606	3,276	10,367	6,780	11,781	2,148	6,618	782	1,051	2,880	6,676	12,721	3,585	2,589	3,180	1,670	2,868	1,375	1,213	437	532
Payments for common shares
57,818	63,918	72,897	89,143	204,939	500,619	65,351	178,056	66,549	57,726	78,710	73,735	68,343	63,474	132,526	122,909	54,327	90,638	319,491	87,863	476,879	816,774	54,793	50,125	50,211	51,167	52,540	50,857	49,160	50,001	107,989	123,424	20,001	19,999	293,545	636,861	26,235	20,000	10,000	10,084	4,915	5,000	5,000	5,000	8,840	20,001	413,959
Proceeds from notes payable, net
-569,200	-172,700	1,104,246	-430,124	-127,067	347,479	258,540	-49,808	-84,977	103,700	35,200	-217,300	221,300	-6,571	233,070	-219,712	-50,963	167,500	406,799	-450,400	450,401	-701,900	-113,272	-261,785	-138,070	-116,819	1,287	-193,358	1,242,601	237,322	32,959	-50,063	48,103	0	-1	-7	7	-18,369	-539	-36,476	-7,324	-187,191	-190,983	-310,268	-268,108	359,877	564,580
Tax benefit from stock incentive plan compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,778	7,007	9,312	7,339	9,171	13,193	4,029	13,133	14,628	14,591	23,678	3,558	9,585	1,410	1,554	5,372	18,894	15,447	3,110	10,679	1,530	603	886	192	589	74	2,837
Acquisition of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	70,548	0	76,893	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term borrowings
30	798,247	922,934	2,336,748	0	-43	44	-413	-116	790	928	-293	2,614,756	0	0	0	598	1,294	395	410	-2,900	1,485,504	1	9	598	10	131	1	182	-2,373	5,958	490	72,962	70	34	-5	-4,026	1,163	294,551	223	1,133	1,258	679	-1,829	-8,860	9,792	3,265
Payments for long-term borrowings
41,842	233,039	3,466	112,915	102	102	100,107	925,115	6,619	6,373	6,522	6,284	370,720	2,952	1,122	0	671	216,990	2,407	46	133	64	294	478	1,013	1,294	149	1,275	224,816	28,464	76,690	3,352	72,213	956	236	100,306	619	257,073	60	40,647	3,239	16,721	6,975	-147	-5,268	19,799	6,287
Dividends paid
113,266	113,673	113,352	113,462	98,547	99,590	100,869	100,956	88,145	88,083	88,104	88,219	88,171	84,241	84,749	85,072	85,183	85,720	85,987	87,644	87,987	93,151	71,607	71,728	71,798	67,330	67,388	67,304	64,377	61,963	61,365	62,048	59,575	56,027	63,004	63,178	51,999	47,259	43,648	41,953	40,423	40,192	40,171	40,117	40,127	40,222	41,109
Net cash provided by (used in) financing activities
-781,560	215,928	1,838,377	1,592,490	-430,201	-252,736	-7,247	-1,146,444	-352,704	-47,411	-135,413	-385,724	2,309,027	-156,136	15,461	-427,656	-190,537	-224,530	-635	-644,113	-114,616	-117,641	-229,666	-375,390	-249,389	-222,312	-111,024	-296,403	929,425	114,820	-171,668	-232,691	-85,069	-74,720	-431,040	-792,105	-57,302	-313,370	246,999	-115,669	-50,058	-245,573	-238,696	-355,500	-318,865	290,158	109,859
Effect of exchange rate changes on cash
-43,956	30,331	-26,928	-6,580	14,773	-17,406	-7,093	-19,482	10,568	3,154	4,606	-5,342	15,334	-64,301	-2,409	-21,695	7,276	-23,099	-24,194	17,225	-39,526	-17,005	-71,699	-2,807	-323	7,156	44,740	-9,367	-60,590	16,915	38,873	-36,529	-447	-50,256	-63,014	16,439	22,580	-695	37,399	-25,061	-3,861	-13,708	7,892	6,133	-1,935	-12,649	-23,999
Net (decrease) increase in cash and cash equivalents
-250,738	-2,679,038	407,626	2,121,038	51,344	95,263	129,985	-267,392	64,759	150,004	-10,120	65,323	-701,173	126,886	172,197	186,682	-12,523	73,226	-206,316	163,571	-58,294	-16,830	-521,418	-482,434	-43,533	193,899	164,211	104,093	1,179,684	61,504	-402,186	64,858	285,475	63,630	-233,112	-450,489	299,219	-115,100	348,310	194,965	146,662	44,050	2,238	21,063	-95,442	-346,337	282,279
Supplemental Data: