Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - PARKER HANNIFIN CORP | ph12312016ex32.htm |
| EX-31.B - EXHIBIT 31.B - PARKER HANNIFIN CORP | ph12312016ex31b.htm |
| EX-31.A - EXHIBIT 31.A - PARKER HANNIFIN CORP | ph12312016ex31a.htm |
| EX-10.B - EXHIBIT 10.B - PARKER HANNIFIN CORP | ph12312016ex10b.htm |
| 10-Q - 10-Q - PARKER HANNIFIN CORP | ph-10qxq212312016.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, | ||||||||||||||||||||||||||
2016 | 2015 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||||
EARNINGS | |||||||||||||||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests | $ | 612,967 | $ | 505,529 | $ | 1,114,728 | $ | 1,432,240 | $ | 1,556,720 | $ | 1,311,001 | $ | 1,576,698 | |||||||||||||
Adjustments: | |||||||||||||||||||||||||||
Interest on indebtedness, exclusive of interest capitalized | 65,472 | 68,240 | 133,004 | 115,077 | 79,845 | 88,668 | 89,888 | ||||||||||||||||||||
Amortization of deferred loan costs | 2,120 | 1,817 | 3,513 | 3,329 | 2,721 | 2,884 | 2,902 | ||||||||||||||||||||
Portion of rents representative of interest factor | 19,834 | 20,943 | 39,668 | 41,886 | 43,983 | 44,493 | 41,515 | ||||||||||||||||||||
Loss (income) of equity investees | (19,106 | ) | (10,562 | ) | (25,648 | ) | (23,204 | ) | (11,141 | ) | (247 | ) | 1,237 | ||||||||||||||
Distributed income of equity investees | 17,873 | 13,702 | 36,616 | 31,723 | 1,661 | — | — | ||||||||||||||||||||
Amortization of previously capitalized interest | 69 | 84 | 152 | 179 | 190 | 193 | 196 | ||||||||||||||||||||
Income as adjusted | $ | 699,229 | $ | 599,753 | $ | 1,302,033 | $ | 1,601,230 | $ | 1,673,979 | $ | 1,446,992 | $ | 1,712,436 | |||||||||||||
FIXED CHARGES | |||||||||||||||||||||||||||
Interest on indebtedness, exclusive of interest capitalized | $ | 65,472 | $ | 68,240 | $ | 133,004 | $ | 115,077 | $ | 79,845 | $ | 88,668 | $ | 89,888 | |||||||||||||
Amortization of deferred loan costs | 2,120 | 1,817 | 3,513 | 3,329 | 2,721 | 2,884 | 2,902 | ||||||||||||||||||||
Portion of rents representative of interest factor | 19,834 | 20,943 | 39,668 | 41,886 | 43,983 | 44,493 | 41,515 | ||||||||||||||||||||
Fixed charges | $ | 87,426 | $ | 91,000 | $ | 176,185 | $ | 160,292 | $ | 126,549 | $ | 136,045 | $ | 134,305 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 8.00 | x | 6.59 | x | 7.39 | x | 9.99 | x | 13.23 | x | 10.64 | x | 12.75 | x | |||||||||||||