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
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Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| PARKER-HANNIFIN CORPORATION | |
| By: | /s/ Todd M. Leombruno |
| Todd M. Leombruno | |
| Executive Vice President and Chief Financial Officer |
August 22, 2024
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.
Signature and Title
JENNIFER A. PARMENTIER, Chairman and Chief Executive Officer; ANGELA R. IVES, Principal Accounting Officer; JILLIAN C. EVANKO, Director; DENISE RUSSELL FLEMING, Director; LANCE M. FRITZ, Director; LINDA A. HARTY, Director; KEVIN A. LOBO, Director; E. JEAN SAVAGE, Director; JOSEPH SCAMINACE, Director; ÅKE SVENSSON, Director; LAURA K. THOMPSON, Director; JAMES R. VERRIER, Director; and JAMES L. WAINSCOTT, Director.
Date: August 22, 2024
/s/ Todd M. Leombruno
Todd M. Leombruno, Executive Vice President and Chief Financial Officer (Principal Financial Officer and Attorney-in-Fact for the officers and directors signing in the capacities indicated)
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED JUNE 30, 2022, 2023 AND 2024
(Dollars in Thousands)
| Column A | Column B | Column C | Column D | Column E |
|---|---|---|---|---|
| Description | Balance atBeginningof Period | AdditionsCharged toCosts andExpenses | Other(Deductions)/Additions (A) | Balanceat Endof Period |
| Allowance for credit losses: | ||||
| Year ended June 30, 2022 | $12,078 | $1,719 | $(3,855) | $9,942 |
| Year ended June 30, 2023 | $9,942 | $7,379 | $15,129 | $32,450 |
| Year ended June 30, 2024 | $32,450 | $5,405 | $(17,342) | $20,513 |
| Deferred tax asset valuation allowance: | ||||
| Year ended June 30, 2022 | $865,764 | $36,111 | $— | $901,875 |
| Year ended June 30, 2023 | $901,875 | $163,178 | $13,301 | $1,078,354 |
| Year ended June 30, 2024 | $1,078,354 | $(10,154) | $1,310 | $1,069,510 |
(A)For allowance for credit losses, net balance is comprised of deductions due to divestitures or uncollectible accounts charged off, additions due to acquisitions or recoveries, and currency translation adjustments. For deferred tax asset valuation allowance, the balance primarily represents adjustments due to acquisitions.
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