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EX-24 - EXHIBIT 24 - PARKER HANNIFIN CORPph6302014ex24.htm
EX-13 - EXHIBIT 13 - PARKER HANNIFIN CORPph6302014ex13.htm
EX-21 - EXHIBIT 21 - PARKER HANNIFIN CORPph6302014ex21.htm
EX-23 - EXHIBIT 23 - PARKER HANNIFIN CORPph6302014ex23.htm
EX-31.A - EXHIBIT 31A - PARKER HANNIFIN CORPph6302014ex31a.htm
EX-31.B - EXHIBIT 31B - PARKER HANNIFIN CORPph6302014ex31b.htm
EX-32 - EXHIBIT 32 - PARKER HANNIFIN CORPph6302014ex32.htm
EXCEL - IDEA: XBRL DOCUMENT - PARKER HANNIFIN CORPFinancial_Report.xls
10-K - 10-K - PARKER HANNIFIN CORPph630201410k.htm


Exhibit (12) to Annual Report
on Form 10-K
for Fiscal Year Ended June 30, 2014
By Parker-Hannifin Corporation
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)

 
Fiscal Year Ended June 30,
 
2014
 
2013
 
2012
 
2011
 
2010
EARNINGS
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes and noncontrolling interests
$
1,556,720

 
$
1,311,001

 
$
1,576,698

 
$
1,413,721

 
$
754,817

Adjustments:
 
 
 
 
 
 
 
 
 
Interest on indebtedness, exclusive of interest capitalized
79,845

 
88,668

 
89,888

 
97,009

 
101,173

Amortization of deferred loan costs
2,721

 
2,884

 
2,902

 
2,695

 
2,426

Portion of rents representative of interest factor
43,983

 
44,493

 
41,515

 
39,499

 
41,194

(Income) loss of equity investees
(11,141
)
 
(247
)
 
1,237

 
2,592

 
6,757

Amortization of previously capitalized interest
190

 
193

 
196

 
226

 
259

Income as adjusted
$
1,672,318

 
$
1,446,992

 
$
1,712,436

 
$
1,555,742

 
$
906,626

FIXED CHARGES
 
 
 
 
 
 
 
 
 
Interest on indebtedness, exclusive of interest capitalized
$
79,845

 
$
88,668

 
$
89,888

 
$
97,009

 
$
101,173

Amortization of deferred loan costs
2,721

 
2,884

 
2,902

 
2,695

 
2,426

Portion of rents representative of interest factor
43,983

 
44,493

 
41,515

 
39,499

 
41,194

Fixed charges
$
126,549

 
$
136,045

 
$
134,305

 
$
139,203

 
$
144,793

RATIO OF EARNINGS TO FIXED CHARGES
13.21x
 
10.64x
 
12.75x
 
11.18x
 
6.26x