Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Parker-Hannifin Corp., consolidated income statement

US$ in thousands

12 months ended:	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Net sales	15,861,608)	14,347,640)	13,695,520)	14,320,324)	14,302,392)	12,029,312)
Cost of sales	(11,387,267)	(10,449,680)	(10,286,518)	(10,703,484)	(10,762,841)	(9,188,962)
Gross profit	4,474,341)	3,897,960)	3,409,002)	3,616,840)	3,539,551)	2,840,350)
Selling, general and administrative expenses	(1,627,116)	(1,527,302)	(1,656,553)	(1,543,939)	(1,657,152)	(1,453,935)
Gain (loss) on disposal of assets	7,121)	109,332)	1,227)	(10,585)	4,483)	43,261)
Operating income	2,854,346)	2,479,990)	1,753,676)	2,062,316)	1,886,882)	1,429,676)
Interest expense	(255,252)	(250,036)	(308,161)	(190,138)	(213,873)	(162,436)
Other income (expense), net	(984,868)	17,003)	67,112)	61,247)	29,268)	61,401)
Income before income taxes	1,614,226)	2,246,957)	1,512,627)	1,933,425)	1,702,277)	1,328,641)
Income taxes	(298,040)	(500,096)	(305,924)	(420,494)	(640,962)	(344,797)
Net income	1,316,186)	1,746,861)	1,206,703)	1,512,931)	1,061,315)	983,844)
Noncontrolling interest in subsidiaries’ earnings	(581)	(761)	(362)	(567)	(514)	(432)
Net income attributable to common shareholders	1,315,605)	1,746,100)	1,206,341)	1,512,364)	1,060,801)	983,412)

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).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Parker-Hannifin Corp. net sales increased from 2020 to 2021 and from 2021 to 2022.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Parker-Hannifin Corp. operating income increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Parker-Hannifin Corp. income before income taxes increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net income attributable to common shareholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Parker-Hannifin Corp. net income attributable to common shareholders increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

Parker-Hannifin Corp. (NYSE:PH)

Income Statement