Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - PARKER HANNIFIN CORP | ph3312017ex32.htm |
| 10-Q - 10-Q - PARKER HANNIFIN CORP | ph-10qxq33312017.htm |
| EX-31.B - EXHIBIT 31.B - PARKER HANNIFIN CORP | ph3312017ex31b.htm |
| EX-31.A - EXHIBIT 31.A - PARKER HANNIFIN CORP | ph3312017ex31a.htm |
| EX-10.A - EXHIBIT 10.A - PARKER HANNIFIN CORP | ph3312017ex10a.htm |
Exhibit 12
Parker-Hannifin Corporation
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
Nine Months Ended | |||||||||||||||||||||||||||
March 31, | Fiscal Year Ended June 30, | ||||||||||||||||||||||||||
2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||||
EARNINGS | |||||||||||||||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests | $ | 928,030 | $ | 778,522 | $ | 1,114,728 | $ | 1,432,240 | $ | 1,556,720 | $ | 1,311,001 | $ | 1,576,698 | |||||||||||||
Adjustments: | |||||||||||||||||||||||||||
Interest on indebtedness, exclusive of interest capitalized | 106,516 | 101,137 | 133,004 | 115,077 | 79,845 | 88,668 | 89,888 | ||||||||||||||||||||
Amortization of deferred loan costs | 3,133 | 2,665 | 3,513 | 3,329 | 2,721 | 2,884 | 2,902 | ||||||||||||||||||||
Portion of rents representative of interest factor | 29,751 | 31,414 | 39,668 | 41,886 | 43,983 | 44,493 | 41,515 | ||||||||||||||||||||
Loss (income) of equity investees | (29,969 | ) | (16,666 | ) | (25,648 | ) | (23,204 | ) | (11,141 | ) | (247 | ) | 1,237 | ||||||||||||||
Distributed income of equity investees | 30,087 | 21,995 | 36,616 | 31,723 | 1,661 | — | — | ||||||||||||||||||||
Amortization of previously capitalized interest | 102 | 119 | 152 | 179 | 190 | 193 | 196 | ||||||||||||||||||||
Income as adjusted | $ | 1,067,650 | $ | 919,186 | $ | 1,302,033 | $ | 1,601,230 | $ | 1,673,979 | $ | 1,446,992 | $ | 1,712,436 | |||||||||||||
FIXED CHARGES | |||||||||||||||||||||||||||
Interest on indebtedness, exclusive of interest capitalized | $ | 106,516 | $ | 101,137 | $ | 133,004 | $ | 115,077 | $ | 79,845 | $ | 88,668 | $ | 89,888 | |||||||||||||
Amortization of deferred loan costs | 3,133 | 2,665 | 3,513 | 3,329 | 2,721 | 2,884 | 2,902 | ||||||||||||||||||||
Portion of rents representative of interest factor | 29,751 | 31,414 | 39,668 | 41,886 | 43,983 | 44,493 | 41,515 | ||||||||||||||||||||
Fixed charges | $ | 139,400 | $ | 135,216 | $ | 176,185 | $ | 160,292 | $ | 126,549 | $ | 136,045 | $ | 134,305 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 7.66 | x | 6.80 | x | 7.39 | x | 9.99 | x | 13.23 | x | 10.64 | x | 12.75 | x | |||||||||||||