Parker-Hannifin (PH) FY2015 results: revenue $12.7 billion, down 3.8% on the year
Parker-Hannifin Corp. (PH) reported revenue of $12.7 billion for fiscal 2015, the year ended 30 June 2015, down 3.8% on the year before. Net income was $1.0 billion, down 2.8%, and diluted earnings per share $6.97. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2015.
Revenue
$12.7 billion
-3.8% on the year
FY2008FY2015
Operating margin
14.5%
13.5% a year earlier
FY2008FY2015
Net income
$1.0 billion
-2.8% on the year
FY2008FY2015
Diluted EPS
$6.97
+1.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
12,712
13,216
13,016
-3.8%
Cost of revenue
9,655
10,188
10,087
-5.2%
Gross profit
3,056
3,028
2,929
+0.9%
Gross margin
24.0%
22.9%
22.5%
Research and development
403
410
407
-1.7%
Selling, general and administrative
1,545
1,634
1,555
-5.5%
Operating income
1,838
1,790
1,791
+2.7%
Operating margin
14.5%
13.5%
13.8%
Interest expense
118
82.6
91.6
+43.4%
Pre-tax income
1,432
1,557
1,311
-8.0%
Income tax
420
515
362
-18.6%
Effective tax rate
29.3%
33.1%
27.6%
Net income
1,012
1,041
948
-2.8%
Net margin
8.0%
7.9%
7.3%
Diluted EPS
$6.97
$6.87
$6.26
+1.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,363
1,388
1,191
-1.8%
Capital expenditure
216
216
266
-0.4%
Free cash flow
1,148
1,172
925
-2.0%
Free cash flow margin
9.0%
8.9%
7.1%
Cash from investing
-579
-646
-810
Cash from financing
-1,106
-958
576
Depreciation and amortisation
313
334
332
-6.3%
Share-based compensation
96.1
103
85.0
-6.9%
Buybacks
1,436
204
258
+603.9%
Dividends paid
340
278
255
+22.3%
Dividend per share
$2.37
$1.86
$1.70
+27.4%
Diluted shares, weighted
145m
151m
152m
-4.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,104
6,659
5,738
-23.4%
Non-controlling interest
3.3
3.4
3.1
-2.9%
Debt
2,947
2,325
2,830
+26.8%
Other liabilities
4,200
4,287
3,970
-2.0%
Total liabilities and equity
12,254
13,274
12,541
-7.7%
Fixed assets
1,664
1,824
1,808
-8.8%
Goodwill
2,943
3,171
3,224
-7.2%
Intangible assets
1,013
1,188
1,290
-14.7%
Investments
733
574
0.0
+27.9%
Cash and equivalents
1,181
1,614
1,781
-26.8%
Inventory
1,300
1,372
1,377
-5.2%
Other assets
3,420
3,531
3,060
-3.2%
Total assets
12,254
13,274
12,541
-7.7%
10-K for the year ended 30 June 2015, filed 26 August 2015: the filing.