Parker-Hannifin Corp
For the period ended Jun 30, 2025. Filed Aug 22, 2025.
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FY2025 · Filed Aug 22, 2025
PH$965.17+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statement of Cash Flows
| For the years ended June 30, | |||
|---|---|---|---|
| (In millions) | 2025 | 2024 | 2023 |
| Cash Flows From Operating Activities | |||
| Net income | $3,532 | $2,845 | $2,084 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 354 | 349 | 317 |
| Amortization | 553 | 578 | 501 |
| Stock incentive plan compensation | 159 | 155 | 143 |
| Deferred income taxes | (304) | 32 | 92 |
| Foreign currency transaction loss (gain) | 46 | (38) | 46 |
| (Gain) loss on disposal of property, plant and equipment | (20) | 12 | 4 |
| Gain on sale of businesses | (253) | (24) | (366) |
| Other, net | 14 | 20 | 18 |
| Changes in assets and liabilities, net of effects from acquisitions and divestitures: | |||
| Accounts receivable, net | 6 | (85) | (17) |
| Inventories | (94) | 101 | 53 |
| Prepaid expenses | (9) | (49) | 32 |
| Other current assets | (11) | (15) | (30) |
| Other assets | (63) | (117) | (109) |
| Accounts payable, trade | 119 | (44) | 92 |
| Accrued payrolls and other compensation | 2 | (64) | 87 |
| Accrued domestic and foreign taxes | (18) | 27 | 102 |
| Other accrued liabilities | (173) | (73) | 113 |
| Pensions and other postretirement benefits | (21) | (80) | (109) |
| Other liabilities | (43) | (146) | (73) |
| Net cash provided by operating activities | 3,776 | 3,384 | 2,980 |
| Cash Flows From Investing Activities | |||
| Acquisitions, net of cash acquired | — | — | (7,146) |
| Capital expenditures | (435) | (400) | (381) |
| Proceeds from sale of property, plant and equipment | 32 | 9 | 13 |
| Proceeds from sale of businesses | 623 | 78 | 473 |
| Payments of deal-contingent forward contracts | — | — | (1,405) |
| Other, net | 4 | 15 | 269 |
| Net cash provided by (used in) investing activities | 224 | (298) | (8,177) |
| Cash Flows From Financing Activities | |||
| Proceeds from exercise of stock options | 4 | 4 | 3 |
| Payments for common shares | (1,766) | (332) | (297) |
| Acquisition of noncontrolling interests | — | (3) | — |
| Proceeds from notes payable, net | (364) | 359 | 358 |
| Proceeds from long-term borrowings | 751 | 24 | 2,023 |
| Payments for long-term borrowings | (1,741) | (2,385) | (2,341) |
| Financing fees paid | — | — | (13) |
| Dividends paid | (861) | (782) | (704) |
| Net cash used in financing activities | (3,977) | (3,115) | (971) |
| Effect of exchange rate changes on cash | 22 | (24) | (5) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 45 | (53) | (6,173) |
| Cash, cash equivalents and restricted cash at beginning of year | 422 | 475 | 6,648 |
| Cash, cash equivalents and restricted cash at end of year | $467 | $422 | $475 |
| Supplemental Data: | |||
| Cash paid during the year for: | |||
| Interest | $384 | $491 | $465 |
| Income taxes and related interest, penalties and purchased credits, net of refunds | 927 | 852 | 411 |
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