PARKER HANNIFIN CORP

For the period ended Jun 30, 2024. Filed Aug 22, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Aug 22, 2024

PH$965.17+0.9%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statement of Cash Flows

	For the years ended June 30,
(Dollars in thousands)	2024	2023	2022
Cash Flows From Operating Activities
Net income	$2,844,936	$2,083,536	$1,316,186
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	349,136	317,416	257,314
Amortization	577,995	500,713	314,450
Stock incentive plan compensation	155,175	142,720	137,093
Deferred income taxes	32,476	91,865	(351,201)
Foreign currency transaction (gain) loss	(38,480)	45,647	(39,987)
Loss (gain) on disposal of property, plant and equipment	12,382	3,819	(5,727)
Gain on sale of businesses	(23,979)	(366,345)	(1,394)
(Gain) loss on marketable securities and other investments	(5,708)	(6,176)	1,159
Other, net	25,385	25,524	70,443
Changes in assets and liabilities, net of effects from acquisitions and divestitures:
Accounts receivable, net	(85,091)	(16,675)	(179,126)
Inventories	101,385	53,124	(212,134)
Prepaid expenses and other	(63,512)	1,550	37,630
Other assets	(117,009)	(109,032)	(11,167)
Accounts payable, trade	(44,429)	91,551	131,384
Accrued payrolls and other compensation	(63,893)	87,375	(15,524)
Accrued domestic and foreign taxes	26,597	102,476	32,514
Other accrued liabilities	(72,596)	112,822	999,831
Pensions and other postretirement benefits	(79,919)	(109,481)	1,822
Other liabilities	(146,522)	(72,499)	(41,836)
Net cash provided by operating activities	3,384,329	2,979,930	2,441,730
Cash Flows From Investing Activities
Acquisitions (net of cash acquired of $89,704 in 2023)	—	(7,146,110)	—
Capital expenditures	(400,112)	(380,747)	(230,044)
Proceeds from sale of property, plant and equipment	9,065	13,244	39,353
Proceeds from sale of businesses	77,666	473,207	3,366
Purchase of marketable securities and other investments	(17,186)	(37,791)	(27,895)
Maturities and sales of marketable securities and other investments	24,292	56,786	31,809
Payments of deal-contingent forward contracts	—	(1,405,418)	—
Other, net	7,687	250,017	(235,426)
Net cash used in investing activities	(298,588)	(8,176,812)	(418,837)
Cash Flows From Financing Activities
Proceeds from exercise of stock options	3,606	3,476	2,831
Payments for common shares	(332,055)	(297,323)	(460,056)
Acquisition of noncontrolling interests	(2,883)	—	—
Proceeds from notes payable, net	359,275	357,636	1,422,026
Proceeds from long-term borrowings	24,011	2,023,400	3,598,056
Payments for long-term borrowings	(2,384,805)	(2,340,566)	(18,737)
Financing fees paid	—	(13,605)	(58,629)
Dividends paid	(782,048)	(704,054)	(569,855)
Net cash (used in) provided by financing activities	(3,114,899)	(971,036)	3,915,636
Effect of exchange rate changes on cash	(23,997)	(4,776)	(23,770)
Net (decrease) increase in cash and cash equivalents and restricted cash	(53,155)	(6,172,694)	5,914,759
Cash, cash equivalents and restricted cash at beginning of year	475,182	6,647,876	733,117
Cash, cash equivalents and restricted cash at end of year	$422,027	$475,182	$6,647,876
Supplemental Data:
Cash paid during the year for:
Interest	$491,423	$464,701	$240,313
Income taxes and related interest, penalties and purchased credits, net of refunds	851,899	411,440	549,223

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