Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Parker-Hannifin Corp., consolidated cash flow 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 income	1,316,186)	1,746,861)	1,206,703)	1,512,931)	1,061,315)	983,844)
Depreciation	257,314)	269,943)	252,899)	225,675)	237,806)	202,868)
Amortization	314,450)	325,447)	284,632)	210,514)	228,279)	152,361)
Stock incentive plan compensation	137,093)	121,483)	111,375)	104,078)	118,831)	80,339)
Deferred income taxes	(351,201)	(51,500)	13,692)	32,537)	(41,412)	37,024)
Foreign currency transaction (gain) loss	(39,987)	(10,948)	(10,018)	5,888)	7,284)	8,060)
(Gain) loss on sale of property, plant and equipment	(5,727)	(109,332)	(1,850)	5,091)	(24,422)	1,494)
(Gain) loss on sale of businesses	(1,394)	—)	—)	5,854)	19,666)	(41,285)
(Gain) loss on investments	(3,972)	(12,616)	(2,084)	(16,749)	41,219)	—)
(Gain) loss on marketable securities	5,131)	(11,570)	(587)	7,563)	(2)	(1,032)
Other	70,443)	14,424)	17,984)	—)	—)	—)
Accounts receivable	(179,126)	(298,511)	578,853)	2,452)	(301,978)	(95,347)
Inventories	(212,134)	(85,597)	201,164)	(51,817)	(92,209)	(73,673)
Prepaid expenses and other	37,630)	(25,508)	(9,312)	(33,335)	(16,206)	2,410)
Other assets	(11,167)	(8,779)	(23,547)	2,677)	(13,293)	(3,887)
Accounts payable, trade	131,384)	526,781)	(370,765)	(12,397)	125,907)	174,761)
Accrued payrolls and other compensation	(15,524)	72,412)	(62,715)	2,088)	(4,614)	5,922)
Accrued domestic and foreign taxes	32,514)	36,552)	30,918)	(30,593)	44,019)	18,165)
Other accrued liabilities	999,831)	11,397)	(148,531)	16,698)	(5,567)	(59,738)
Pensions and other postretirement benefits	1,822)	17,875)	55,522)	(168,368)	31,239)	(103,866)
Other liabilities	(41,836)	46,187)	(53,384)	(90,647)	184,425)	14,051)
Changes in assets and liabilities, net of effects from acquisitions	743,394)	292,809)	198,203)	(363,242)	(48,277)	(121,202)
Adjustments to reconcile net income to net cash provided by operating activities	1,125,544)	828,140)	864,246)	217,209)	538,972)	318,627)
Net cash provided by operating activities	2,441,730)	2,575,001)	2,070,949)	1,730,140)	1,600,287)	1,302,471)
Acquisitions, net of cash acquired	—)	—)	(5,076,064)	(2,042)	—)	(4,069,197)
Capital expenditures	(230,044)	(209,957)	(232,591)	(195,089)	(247,667)	(203,748)
Proceeds from sale of property, plant and equipment	39,353)	140,590)	26,345)	46,592)	81,881)	14,648)
Proceeds from sale of businesses	3,366)	—)	—)	19,678)	177,741)	85,610)
Purchase of marketable securities and other investments	(27,895)	(34,809)	(194,742)	(181,780)	(80,607)	(465,666)
Maturities and sales of marketable securities and other investments	31,809)	79,419)	275,483)	74,908)	83,905)	1,279,318)
Other	(235,426)	24,744)	177,576)	19,223)	4,837)	(6,113)
Net cash (used in) provided by investing activities	(418,837)	(13)	(5,023,993)	(218,510)	20,090)	(3,365,148)
Proceeds from exercise of stock options	2,831)	4,684)	2,623)	2,475)	3,682)	2,202)
Payments for common shares	(460,056)	(218,818)	(216,049)	(860,052)	(381,041)	(338,078)
Acquisition of noncontrolling interests	—)	—)	(1,200)	—)	—)	—)
Proceeds from (payments of) notes payable, net	1,422,026)	(723,496)	136,744)	48,828)	4,115)	230,499)
Proceeds from long-term borrowings	3,598,056)	1,213)	1,721,211)	2,336,749)	1,189)	2,614,463)
Payments for long-term borrowings	(18,737)	(1,211,748)	(740,181)	(213,226)	(944,629)	(381,078)
Financing fees paid	(58,629)	—)	—)	—)	—)	—)
Dividends paid	(569,855)	(475,174)	(453,838)	(412,468)	(365,288)	(345,380)
Net cash provided by (used in) financing activities	3,915,636)	(2,623,339)	449,310)	902,306)	(1,681,972)	1,782,628)
Effect of exchange rate changes on cash	(23,770)	95,954)	(30,519)	(16,306)	(1,154)	(56,718)
Net increase (decrease) in cash and cash equivalents and restricted cash	5,914,759)	47,603)	(2,534,253)	2,397,630)	(62,749)	(336,767)
Cash, cash equivalents and restricted cash at beginning of year	733,117)	685,514)	3,219,767)	822,137)	884,886)	1,221,653)
Cash, cash equivalents and restricted cash at end of year	6,647,876)	733,117)	685,514)	3,219,767)	822,137)	884,886)

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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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Parker-Hannifin Corp. net cash provided by operating activities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Parker-Hannifin Corp. net cash (used in) provided by investing activities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Parker-Hannifin Corp. net cash provided by (used in) financing activities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Parker-Hannifin Corp. (NYSE:PH)

Cash Flow Statement