PARKER-HANNIFIN CORPORATION PH Cash Flow

Parker-hannifin corporation (PH)

CashFlow / TTM

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
1,324,746	1,368,758	1,476,073	1,512,931	1,452,521	1,407,270	1,151,679	1,061,315	1,001,346	874,063	1,059,141	983,844	932,396	880,691	822,428	807,216	744,890	843,210	927,408	1,012,553	1,134,144	1,091,200	1,077,269	1,041,418	1,011,372	1,025,446	953,156	948,784	979,956	1,036,053	1,097,282	1,155,492	1,147,844	1,116,803	1,106,278	1,057,150	985,548	858,280	731,425	556,365	381,706	280,481	332,279	510,144	0	0	0
Adjustments to reconcile net income to net cash provided by operations:
Depreciation
242,098	230,416	222,738	225,675	229,025	232,471	235,639	237,806	239,321	230,569	215,831	202,868	189,604	186,267	188,771	190,308	193,555	195,780	198,537	202,776	206,100	210,101	213,403	214,965	215,668	215,976	215,049	213,722	210,806	208,369	208,422	210,508	216,274	220,687	226,594	229,238	229,774	233,347	238,868	245,295	251,826	254,345	252,707	252,599	0	0	0
Amortization
254,239	236,530	210,031	210,514	216,545	221,941	226,830	228,279	230,681	209,791	180,172	152,361	122,005	113,568	115,183	116,535	118,481	117,179	115,408	114,715	114,684	117,136	119,487	121,737	122,532	125,911	124,983	121,902	117,294	113,256	109,847	111,421	113,804	112,951	113,052	110,562	108,845	109,518	115,664	117,214	119,589	117,444	111,827	105,138	0	0	0
Share incentive plan compensation
111,410	112,532	113,770	104,078	113,785	119,179	118,561	118,831	108,994	97,445	87,732	80,339	78,474	79,428	71,730	71,293	74,998	82,902	90,915	96,093	93,344	80,008	94,722	103,161	104,127	113,839	102,733	84,996	82,349	83,000	84,298	80,935	80,548	76,369	71,894	73,238	67,965	63,589	62,124	59,318	60,074	55,824	52,996	47,215	0	0	0
Deferred income taxes
9,212	-6,256	-14,776	32,537	80,899	80,090	-19,870	-41,412	-95,538	-108,053	-43,449	37,024	3,769	26,189	22,040	-65,686	22,302	33,219	-25,331	18,865	-102,732	-151,523	-11,226	-74,139	-279	14,049	-71,145	-1,368	-3,382	-9,835	1,672	-56,452	-41,770	-30,309	-14,412	20,715	-653	52,933	29,691	-17,353	-19,748	-59,283	-36,681	-13,048	0	0	0
Foreign currency transaction (gain) loss
12,206	-9,931	-1,128	-5,888	4,206	2,810	-7,221	-7,284	-18,400	-21,533	-6,647	-8,060	-3,291	-13,728	-33,008	-22,750	-27,451	46,429	70,313	77,784	79,746	22,239	15,011	-5,398	-10,688	-13,921	-26,199	-19,497	-10,055	-9,133	-5,582	-4,300	-16,772	-6,245	-2,236	-10,470	1,839	-9,306	-10,781	1,249	-4,004	-658	3,469	-1,786	0	0	0
(Gain) loss on plant and equipment and intangible assets
4,096	2,815	1,352	-5,091	-6,338	-5,535	27,992	24,422	25,786	25,345	-1,919	-1,494	-851	-1,060	-804	-414	-4,781	-6,525	-6,620	-14,953	-11,184	-10,483	-8,323	-2,997	-6,887	-5,180	-5,822	-2,746	1,653	3,014	2,155	2,494	2,440	3,774	8,980	7,710	6,750	534	-12,277	-10,292	-12,067	-2,299	3,295	336	0	0	0
Loss on sale of businesses
-5,231	-5,231	-2,825	-5,854	-20,289	-20,289	-22,695	-19,666	0	0	0	-	-	-	-	-	-	-	-	6,420	4,732	5,791	5,782	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on marketable securities
-3,510	107	-10,968	-7,563	-4,486	-5,700	3,206	2	1	803	865	1,032	1,220	795	836	723	-3,282	-3,659	-3,763	-3,817	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on investments
0	0	0	-	0	0	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of effect of acquisitions:
Accounts receivable, net
-167,618	-196,350	-137,286	-2,452	68,387	166,326	247,041	301,978	275,352	205,861	217,572	95,347	49,060	-4,459	-96,851	-17,549	-125,037	-105,239	-131,626	-143,179	49,689	110,441	148,334	99,144	70,870	81,329	-20,671	21,206	-87,223	-121,474	37,605	91,091	142,875	215,976	207,736	259,752	335,881	267,582	237,948	220,349	-25,566	-342,270	-476,592	-598,065	0	0	0
Inventories
-72,301	-150,001	-49,070	51,817	79,677	60,969	74,461	92,209	127,172	183,567	151,664	73,673	24,047	-19,457	-81,187	-120,243	-124,848	-88,304	-16,889	70,377	61,381	72,467	47,838	3,816	-3,037	-25,263	-67,600	-98,518	-37,937	-56,111	-26,293	28,333	60,135	107,295	163,172	139,062	144,422	120,645	32,539	-53,862	-189,409	-318,317	-326,109	-218,595	0	0	0
Prepaid expenses and other
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	16,206	39,463	47,720	-29,465	-2,410	-17,502	-5,485	-51,409	-136,034	-65,103	-16,605	82,174	116,561	11,223	-6,005	-59,058	-58,117	43,152	15,044	18,629	47,451	37,768	21,727	61,777	26,981	10,083	22,571	-10,876	-6,477	-4,455	5,503	2,617	-29,581	-64,746	26,268	24,467	61,646	0	0	0
Other assets
-1,988	50,284	-10,919	-2,677	4,580	-43,044	6,537	16,880	32,058	49,880	39,200	5,795	-15,597	-14,015	19,416	5,033	561	-4,478	-39,748	-20,976	33,570	43,739	68,784	79,158	31,847	34,934	13,275	16,007	7,675	338	181	6,578	24,552	30,372	51,849	39,118	21,160	13,076	-9,098	-42,031	-14,426	-36,325	-81,383	-63,998	0	0	0
Accounts payable, trade
-65,323	-70,157	-123,619	-12,397	84,270	97,921	111,310	125,907	114,306	100,752	186,226	174,761	142,713	64,434	2,229	-52,378	-150,979	-167,830	-137,608	-86,750	21,475	121,239	109,908	92,927	39,853	18,525	-37,292	-66,082	-7,564	-40,173	11,802	59,692	81,257	120,629	171,456	228,164	271,852	263,405	293,189	259,436	112,766	-65,710	-221,513	-304,863	0	0	0
Accrued payrolls and other compensation
-	-	-9,246	-	-	-	-2,085	-4,614	1,916	-1,055	-605	5,922	-441	-2,709	-12,788	-22,865	-33,944	-24,041	-18,269	-12,657	8,038	12,335	18,711	20,840	-225	-6,544	-23,362	-45,771	-24,417	-6,512	5,369	16,003	25,581	24,838	26,953	75,405	57,199	53,032	39,430	26,014	11,238	-41,387	-74,678	-67,654	0	0	0
Accrued domestic and foreign taxes
-39,667	-23,534	-48,030	-30,593	13,180	23,465	67,436	44,019	9,270	22,958	50,546	18,165	33,297	20,721	-15,629	-6,285	14,074	12,039	11,016	-43,441	2,759	-28,468	-16,177	86,745	39,383	84,973	76,120	-17,054	-77,549	-59,811	-128,883	-70,302	-27,419	14,133	48,413	53,424	54,885	-8,641	46,458	63,119	36,355	37,225	-69,987	-40,598	0	0	0
Other accrued liabilities
-73,433	-78,878	17,663	16,698	12,262	-45,610	2,243	-5,567	-48,646	3,970	-53,653	-59,738	-28,110	-14,727	-25,279	-31,633	9,341	-29,555	-10,484	-8,770	-78,799	-24,201	-12,657	-23,480	12,402	-7,879	-52,421	-62,728	-81,987	-97,469	-22,107	33,512	44,712	56,357	-1,641	-27,726	-27,663	1,305	9,188	36,137	-5,719	-46,361	-127,699	-159,642	0	0	0
Pensions and other postretirement benefits
48,754	36,988	29,033	-168,368	-190,751	-167,180	-175,228	31,239	77,385	98,506	131,181	-103,866	-110,410	-102,301	-94,582	-45,796	-35,778	-42,961	-56,413	156,859	171,214	178,815	178,157	99,569	82,666	93,761	114,022	-16,691	-19,039	-38,557	-63,738	123,944	-96,828	-92,756	-87,131	-281,285	-78,827	-196,892	-205,014	-9,879	-8,800	62,532	38,111	28,522	0	0	0
Other liabilities
-111,458	-30,252	-48,970	-90,647	-103,215	-164,045	125,942	184,425	219,437	278,454	10,287	14,051	12,286	-1,067	-1,673	-30,499	-17,776	-10,311	-18,402	1,207	20,402	17,828	36,589	43,498	12,431	18,263	5,003	9,765	-8,550	-22,945	-20,203	16,809	52,771	76,233	110,718	56,743	14,030	-11,113	-38,426	-31,012	4,990	22,216	-28,317	-49,083	0	0	0
Net cash provided by operating activities
1,928,402	2,015,068	2,019,883	1,730,140	1,788,059	1,680,966	1,518,088	1,596,700	1,412,508	1,353,161	1,424,631	1,300,563	1,295,505	1,252,307	1,304,771	1,210,778	1,276,749	1,187,383	1,122,298	1,363,233	1,361,472	1,386,281	1,366,076	1,387,893	1,289,607	1,383,706	1,480,597	1,190,935	1,242,723	1,314,307	1,213,918	1,530,385	1,373,461	1,322,192	1,353,549	1,166,933	1,177,358	1,020,729	1,081,649	1,218,822	1,254,495	1,290,927	1,081,898	1,129,192	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions (net of cash of $82,192 in 2020 and $690 in 2019)
5,076,064	5,075,605	1,696,456	2,042	2,042	2,042	2,042	0	1,442	4,039,270	4,039,270	4,069,197	4,067,755	29,927	29,927	67,552	67,530	67,530	86,170	18,618	21,961	36,961	19,084	17,593	14,769	-1,300	425,105	621,144	745,899	764,320	340,398	156,256	31,004	30,520	62,504	60,227	0	0	0	-	-	-	-	722,635	0	0	0
Capital expenditures
232,520	219,256	203,328	195,089	198,431	197,312	210,437	247,667	252,819	277,173	250,558	203,748	183,839	145,344	143,252	149,407	168,913	181,165	199,499	215,527	206,387	214,274	214,398	216,340	219,206	237,522	245,862	265,896	278,781	262,141	251,513	218,817	202,936	194,396	198,593	207,294	196,815	177,785	151,813	129,222	135,400	157,574	202,559	270,733	0	0	0
Proceeds from sale of plant and equipment
34,832	33,464	54,907	46,592	54,836	56,154	80,402	81,881	70,399	69,505	22,598	14,648	13,161	15,306	19,472	18,821	18,242	24,259	20,766	19,655	19,108	9,480	14,189	14,368	11,511	19,664	19,317	25,047	29,165	23,398	23,389	20,404	24,031	26,225	35,780	32,289	31,693	23,507	9,676	11,929	7,141	24,101	25,971	28,986	0	0	0
Proceeds from sale of businesses
138	138	15,163	19,678	197,281	197,281	182,256	177,741	0	0	0	-	-	-	-	-	-	-	-	37,265	35,577	22,779	22,770	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities and other investments
321,321	369,064	338,920	181,780	53,855	5,143	13,198	80,607	92,593	150,066	346,265	465,666	614,431	1,170,190	1,110,585	1,351,464	1,479,517	1,350,910	1,680,674	1,747,333	2,081,290	1,596,486	1,122,072	624,880	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and sales of marketable securities and other investments
299,111	259,348	87,258	74,908	88,748	85,627	85,533	83,905	34,857	785,386	1,000,445	1,279,318	1,590,937	1,279,456	1,220,239	1,300,633	1,537,160	1,443,364	1,712,634	1,391,396	828,653	475,851	50,528	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-148,208	-28,687	-24,975	-19,223	-440	372	-3,413	-8,424	-7,322	-4,260	-1,674	4,205	2,221	-1,696	-1,728	39,995	41,639	44,212	81,214	46,001	45,798	46,965	9,563	4,454	15,374	14,330	21,486	21,367	14,093	14,366	21,112	21,099	17,836	14,835	9,207	9,706	19,496	18,488	22,413	23,429	11,319	7,786	-10,221	-3,551	0	0	0
Net cash used in investing activities
-5,147,616	-5,342,288	-2,056,401	-218,510	86,977	134,193	125,927	23,677	-234,276	-3,607,358	-3,525,766	-3,363,240	-3,178,538	60,932	-18,000	-264,639	-176,184	-161,708	-299,662	-579,163	-1,472,098	-1,386,576	-1,075,132	-646,401	-34,015	-23,444	-599,621	-809,845	-937,418	-948,860	-589,634	-375,768	-227,745	-213,526	-234,524	-244,938	-244,845	-221,576	-178,130	-146,173	-147,111	-158,766	-876,914	-960,831	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock options
3,845	3,763	2,891	2,475	1,147	2,241	2,383	3,682	3,731	2,388	3,209	2,202	2,132	1,936	858	126	616	711	2,424	3,355	4,206	6,036	5,394	8,013	9,911	18,344	24,029	32,204	31,076	27,327	21,329	10,599	11,331	11,389	23,328	25,862	25,571	22,075	11,024	10,307	9,093	7,126	5,893	3,557	0	0	0
Payments for common shares
283,776	430,897	867,598	860,052	948,965	810,575	367,682	381,041	276,720	278,514	284,262	338,078	387,252	373,236	400,400	587,365	552,319	974,871	1,701,007	1,436,309	1,398,571	971,903	206,296	204,043	204,775	203,724	202,558	258,007	330,574	301,415	271,413	456,969	970,406	976,640	976,641	693,096	66,319	44,999	29,999	24,999	19,915	23,840	38,841	447,800	0	0	0
Proceeds from notes payable, net
-67,778	374,355	894,534	48,828	429,144	471,234	227,455	4,115	-163,377	142,900	32,629	230,499	228,087	-44,176	129,895	303,624	72,936	574,300	-295,100	-815,171	-626,556	-1,215,027	-629,946	-515,387	-446,960	933,711	1,287,852	1,319,524	1,462,819	268,321	30,999	-1,961	48,095	-1	-18,370	-18,908	-55,377	-62,708	-231,530	-421,974	-695,766	-956,550	-409,482	346,081	0	0	0
Tax benefit from stock incentive plan compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,436	32,829	39,015	33,732	39,526	44,983	46,381	66,030	56,455	51,412	38,231	16,107	17,921	27,230	41,267	42,823	48,130	30,766	15,922	13,698	3,211	2,270	1,741	3,692	0	0	0
Acquisition of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	147,441	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term borrowings
4,057,959	4,057,929	3,259,639	2,336,749	-412	-528	305	1,189	1,309	2,616,181	2,615,391	2,614,463	2,614,756	598	1,892	2,287	2,697	-801	1,483,409	1,483,015	1,482,614	1,486,112	618	748	740	324	-2,059	3,768	4,257	77,037	79,480	73,556	73,061	-3,927	-2,834	291,683	291,911	297,070	297,165	3,293	1,241	-8,752	-218	2,368	0	0	0
Payments for long-term borrowings
391,262	349,522	116,585	213,226	1,025,426	1,031,943	1,038,214	944,629	25,798	389,899	386,478	381,078	374,794	4,745	218,783	220,068	220,114	219,576	2,650	537	969	1,849	3,079	2,934	3,731	227,534	254,704	331,245	333,322	180,719	153,211	76,757	173,711	102,117	358,234	358,058	298,399	301,019	60,667	67,582	26,788	18,281	21,359	20,671	0	0	0
Dividends paid
453,753	439,034	424,951	412,468	399,962	389,560	378,053	365,288	352,551	352,577	348,735	345,380	342,233	339,245	340,724	341,962	344,534	347,338	354,769	340,389	324,473	308,284	282,463	278,244	273,820	266,399	261,032	255,009	249,753	244,951	239,015	240,654	241,784	234,208	225,440	206,084	184,859	173,283	166,216	162,739	160,903	160,607	160,637	161,575	0	0	0
Net cash provided by (used in) financing activities
2,865,235	3,216,594	2,747,930	902,306	-1,836,628	-1,759,131	-1,553,806	-1,681,972	-921,252	1,740,479	1,631,754	1,782,628	1,740,696	-758,868	-827,262	-843,358	-1,059,815	-983,894	-877,005	-1,106,036	-837,313	-972,086	-1,076,757	-958,115	-879,128	299,686	636,818	576,174	639,886	-374,608	-564,148	-823,520	-1,382,934	-1,355,167	-1,593,817	-915,778	-239,342	-232,098	-164,301	-649,996	-889,827	-1,158,634	-622,903	-274,348	0	0	0
Effect of exchange rate changes on cash
-47,133	11,596	-36,141	-16,306	-29,208	-33,413	-12,853	-1,154	12,986	17,752	-49,703	-56,718	-73,071	-81,129	-39,927	-61,712	-22,792	-69,594	-63,500	-111,005	-131,037	-91,834	-67,673	48,766	42,206	-18,061	-8,302	-14,169	-41,331	18,812	-48,359	-150,246	-97,278	-74,251	-24,690	75,723	34,223	7,782	-5,231	-34,738	-3,544	-1,618	-559	-32,450	0	0	0
Net (decrease) increase in cash and cash equivalents
-401,112	-99,030	2,675,271	2,397,630	9,200	22,615	77,356	-62,749	269,966	-495,966	-519,084	-336,767	-215,408	473,242	419,582	41,069	17,958	-27,813	-117,869	-432,971	-1,078,976	-1,064,215	-853,486	-167,857	418,670	1,641,887	1,509,492	943,095	903,860	9,651	11,777	180,851	-334,496	-320,752	-499,482	81,940	727,394	574,837	733,987	387,915	214,013	-28,091	-418,478	-138,437	0	0	0
Supplemental Data: