Attached files
| file | filename |
|---|---|
| EX-31.B - EXHIBIT 31.B - PARKER HANNIFIN CORP | ph12312017ex31b.htm |
| EX-32 - EXHIBIT 32 - PARKER HANNIFIN CORP | ph12312017ex32.htm |
| EX-31.A - EXHIBIT 31.A - PARKER HANNIFIN CORP | ph12312017ex31a.htm |
| 10-Q - 10-Q - PARKER HANNIFIN CORP | ph-10qxq212312017.htm |
Exhibit 12
Parker-Hannifin Corporation
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
Six Months Ended | |||||||||||||||||||||||||||
December 31, | Fiscal Year Ended June 30, | ||||||||||||||||||||||||||
2017 | 2016 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||||
EARNINGS | |||||||||||||||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests | $ | 734,523 | $ | 612,967 | $ | 1,328,641 | $ | 1,114,728 | $ | 1,432,240 | $ | 1,556,720 | $ | 1,311,001 | |||||||||||||
Adjustments: | |||||||||||||||||||||||||||
Interest on indebtedness, exclusive of interest capitalized | 103,848 | 65,472 | 157,891 | 133,004 | 115,077 | 79,845 | 88,668 | ||||||||||||||||||||
Amortization of deferred loan costs | 2,840 | 2,120 | 4,545 | 3,513 | 3,329 | 2,721 | 2,884 | ||||||||||||||||||||
Portion of rents representative of interest factor | 19,785 | 19,834 | 39,574 | 39,668 | 41,886 | 43,983 | 44,493 | ||||||||||||||||||||
(Income) of equity investees | (18,464 | ) | (19,106 | ) | (42,352 | ) | (25,648 | ) | (23,204 | ) | (11,141 | ) | (247 | ) | |||||||||||||
Distributed income of equity investees | 26,382 | 17,873 | 45,760 | 36,616 | 31,723 | 1,661 | — | ||||||||||||||||||||
Amortization of previously capitalized interest | 66 | 69 | 134 | 152 | 179 | 190 | 193 | ||||||||||||||||||||
Income as adjusted | $ | 868,980 | $ | 699,229 | $ | 1,534,193 | $ | 1,302,033 | $ | 1,601,230 | $ | 1,673,979 | $ | 1,446,992 | |||||||||||||
FIXED CHARGES | |||||||||||||||||||||||||||
Interest on indebtedness, exclusive of interest capitalized | $ | 103,848 | $ | 65,472 | $ | 157,891 | $ | 133,004 | $ | 115,077 | $ | 79,845 | $ | 88,668 | |||||||||||||
Amortization of deferred loan costs | 2,840 | 2,120 | 4,545 | 3,513 | 3,329 | 2,721 | 2,884 | ||||||||||||||||||||
Portion of rents representative of interest factor | 19,785 | 19,834 | 39,574 | 39,668 | 41,886 | 43,983 | 44,493 | ||||||||||||||||||||
Fixed charges | $ | 126,473 | $ | 87,426 | $ | 202,010 | $ | 176,185 | $ | 160,292 | $ | 126,549 | $ | 136,045 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 6.87 | x | 8.00 | x | 7.59 | x | 7.39 | x | 9.99 | x | 13.23 | x | 10.64 | x | |||||||||||||