Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

Parker-Hannifin Corp., adjusted current assets

US$ in thousands

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
As Reported
Current assets	12,046,644)	5,616,750)	4,885,204)	7,673,086)	5,085,238)	4,779,718)
Adjustments
Add: Allowance for credit losses	9,942)	12,078)	11,644)	8,874)	9,672)	14,336)
Add: LIFO reserve¹	—)	—)	219,854)	222,715)	203,192)	193,933)
After Adjustment
Adjusted current assets	12,056,586)	5,628,828)	5,116,702)	7,904,675)	5,298,102)	4,987,987)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

¹ LIFO reserve. See details »

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Parker-Hannifin Corp., adjusted total assets

US$ in thousands

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
As Reported
Total assets	25,943,943)	20,341,200)	19,738,189)	17,576,690)	15,320,087)	15,489,904)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	125,951)	201,970)	213,295)
Add: Allowance for credit losses	9,942)	12,078)	11,644)	8,874)	9,672)	14,336)
Add: LIFO reserve²	—)	—)	219,854)	222,715)	203,192)	193,933)
Less: Deferred tax assets³	110,585)	104,251)	126,839)	150,462)	57,623)	36,057)
After Adjustment
Adjusted total assets	25,843,300)	20,249,027)	19,842,848)	17,783,768)	15,677,298)	15,875,411)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² LIFO reserve. See details »

³ Deferred tax assets. See details »

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Parker-Hannifin Corp., adjusted total liabilities

US$ in thousands

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
As Reported
Total liabilities	17,084,023)	11,927,530)	13,609,660)	11,608,538)	9,454,594)	10,222,558)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	125,951)	201,970)	213,295)
Less: Deferred tax liabilities²	307,044)	553,981)	382,528)	193,066)	234,858)	221,790)
After Adjustment
Adjusted total liabilities	16,776,979)	11,373,549)	13,227,132)	11,541,423)	9,421,706)	10,214,063)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Parker-Hannifin Corp., adjusted shareholders’ equity

US$ in thousands

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
As Reported
Shareholders’ equity	8,848,011)	8,398,307)	6,113,983)	5,961,969)	5,859,866)	5,261,649)
Adjustments
Less: Net deferred tax asset (liability)¹	(196,459)	(449,730)	(255,689)	(42,604)	(177,235)	(185,733)
Add: Allowance for credit losses	9,942)	12,078)	11,644)	8,874)	9,672)	14,336)
Add: LIFO reserve²	—)	—)	219,854)	222,715)	203,192)	193,933)
Add: Noncontrolling interests	11,909)	15,363)	14,546)	6,183)	5,627)	5,697)
After Adjustment
Adjusted total equity	9,066,321)	8,875,478)	6,615,716)	6,242,345)	6,255,592)	5,661,348)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

¹ Net deferred tax asset (liability). See details »

² LIFO reserve. See details »

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Parker-Hannifin Corp., adjusted capitalization table

US$ in thousands

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
As Reported
Notes payable and long-term debt payable within one year	1,724,310)	2,824)	809,529)	587,014)	638,466)	1,008,465)
Long-term debt, excluding payable within one year	9,755,825)	6,582,053)	7,652,256)	6,520,831)	4,318,559)	4,861,895)
Total reported debt	11,480,135)	6,584,877)	8,461,785)	7,107,845)	4,957,025)	5,870,360)
Shareholders’ equity	8,848,011)	8,398,307)	6,113,983)	5,961,969)	5,859,866)	5,261,649)
Total reported capital	20,328,146)	14,983,184)	14,575,768)	13,069,814)	10,816,891)	11,132,009)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	125,951)	201,970)	213,295)
Add: Current operating lease liabilities (included within Other accrued liabilities)²	36,023)	40,193)	43,327)	—)	—)	—)
Add: Long-term operating lease liabilities (included within Other liabilities)³	100,337)	93,904)	96,446)	—)	—)	—)
Adjusted total debt	11,616,495)	6,718,974)	8,601,558)	7,233,796)	5,158,995)	6,083,655)
Adjustments to Equity
Less: Net deferred tax asset (liability)⁴	(196,459)	(449,730)	(255,689)	(42,604)	(177,235)	(185,733)
Add: Allowance for credit losses	9,942)	12,078)	11,644)	8,874)	9,672)	14,336)
Add: LIFO reserve⁵	—)	—)	219,854)	222,715)	203,192)	193,933)
Add: Noncontrolling interests	11,909)	15,363)	14,546)	6,183)	5,627)	5,697)
Adjusted total equity	9,066,321)	8,875,478)	6,615,716)	6,242,345)	6,255,592)	5,661,348)
After Adjustment
Adjusted total capital	20,682,816)	15,594,452)	15,217,274)	13,476,141)	11,414,587)	11,745,003)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (included within Other accrued liabilities). See details »

³ Long-term operating lease liabilities (included within Other liabilities). See details »

⁴ Net deferred tax asset (liability). See details »

⁵ LIFO reserve. See details »

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Parker-Hannifin Corp., adjusted net income attributable to common shareholders

US$ in thousands

12 months ended:	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
As Reported
Net income attributable to common shareholders	1,315,605)	1,746,100)	1,206,341)	1,512,364)	1,060,801)	983,412)
Adjustments
Add: Deferred income tax expense (benefit)¹	(351,200)	(51,500)	13,692)	32,537)	(41,412)	37,024)
Add: Increase (decrease) in allowance for credit losses	(2,136)	434)	2,770)	(798)	(4,664)	6,326)
Add: Increase (decrease) in LIFO reserve²	—)	—)	(2,861)	19,523)	9,259)	(6,314)
Add: Other comprehensive income (loss), net of tax	22,003)	992,868)	(500,503)	(294,175)	160,678)	303,919)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	(945)	1,481)	(314)	620)	74)	790)
After Adjustment
Adjusted net income	983,327)	2,689,383)	719,125)	1,270,071)	1,184,736)	1,325,157)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

¹ Deferred income tax expense (benefit). See details »

² Increase (decrease) in LIFO reserve. See details »

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Parker-Hannifin Corp. (NYSE:PH)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income