Stock Analysis on Net
Stock Analysis on Net

Parker-Hannifin Corp. (NYSE:PH)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 7, 2023.

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Parker-Hannifin Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016
Notes payable and long-term debt payable within one year
Accounts payable, trade
Accrued payrolls and other compensation
Accrued domestic and foreign taxes
Other accrued liabilities
Current liabilities
Long-term debt, excluding payable within one year
Pensions and other postretirement benefits
Deferred income taxes
Other liabilities
Noncurrent liabilities
Total liabilities
Serial preferred stock, $.50 par value; none issued
Common stock, $.50 par value
Additional capital
Retained earnings
Accumulated other comprehensive loss
Treasury shares, at cost
Shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

Current Liabilities
The current liabilities demonstrate significant volatility over the reported periods. From September 2016 through December 2019, there is an overall upward trend, peaking notably in December 2021 at over 5.2 billion US dollars, followed by fluctuations but generally elevated levels through December 2022. The notes payable and short-term debt component varies considerably, with an initial increase until December 2017, followed by periods of decrease and spikes, notably surging in late 2021 and remaining high through 2022. Accounts payable trade figures increase steadily with some seasonal fluctuations, while accrued payrolls and other compensation show peaks especially in mid-2021 and late 2019. Other accrued liabilities rise progressively and surge sharply in late 2022, contributing substantially to current liabilities in that period.
Long-term Debt and Noncurrent Liabilities
Long-term debt (excluding that payable within one year) remains sizeable throughout, with a clear increasing tendency from late 2018 onward, reaching above 12 billion US dollars by December 2022. Noncurrent liabilities mirror a similar trajectory, increasing significantly post-2018 with a marked acceleration starting in 2021, culminating in approximately 15.5 billion US dollars in late 2022. Pension and postretirement benefit obligations decrease steadily from 2016 through 2019 but exhibit notable fluctuations and partial recovery until mid-2020, then decline again through 2022. Deferred income taxes exhibit substantial variability, with peak values recorded around 2022, likely coinciding with changes in other long-term obligations. Other liabilities demonstrate a mild upward trend with intermittent increases but a significant jump at the end of 2022.
Total Liabilities
Total liabilities progressively increase from just over 7.3 billion US dollars in late 2016 to exceed 21 billion by the end of 2022. This growth is primarily driven by the escalation in both current and noncurrent liabilities, reflecting increased leverage and possibly expanded operations or financing activities in the reported periods. Noteworthy are the sharp rises in current liabilities in late 2021 and sustained high balances during 2022.
Equity Components
Common stock remains constant throughout at approximately 90.5 million US dollars in par value. Additional capital experiences a gradual overall decline from 2016 through 2021, with modest fluctuations thereafter. Retained earnings show a consistent and steady increase every quarter, indicating ongoing profitability and accumulation of earnings over the years, rising from approximately 10.4 billion US dollars in 2016 to over 16 billion by the end of 2022. Treasury shares at cost increase (more negative) progressively, reflecting ongoing share repurchases or similar corporate actions. Accumulated other comprehensive loss fluctuates significantly with periods of deepening losses and partial recoveries, suggesting volatility in components such as foreign currency translation adjustments or unrealized losses/gains on investments. Total shareholders’ equity increases steadily, reaching approximately 9.3 billion US dollars by the end of 2022, despite volatility in certain components, indicating growth in the company's net worth.
Overall Financial Position Insights
The overall financial structure reveals increasing leverage with total liabilities rising markedly over six years through 2022. Both short-term and long-term obligations have grown, paralleled by a strong increase in retained earnings and total equity, demonstrating profitability and capital accumulation. The growth in liabilities outpaces equity growth, potentially elevating financial risk. Accumulated comprehensive losses and treasury stock transactions indicate active financial management and possibly exposure to market or foreign exchange risks. Large fluctuations in current liabilities towards the end of the period could suggest shifts in working capital management or responses to external economic factors.