Parker-Hannifin (PH) FY2023 results: revenue $19.1 billion, up 20.2% on the year
Parker-Hannifin Corp. (PH) reported revenue of $19.1 billion for fiscal 2023, the year ended 30 June 2023, up 20.2% on the year before. Net income was $2.1 billion, up 58.3%, and diluted earnings per share $16.04. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2023.
Revenue
$19.1 billion
+20.2% on the year
FY2016FY2023
Operating margin
17.9%
18.8% a year earlier
FY2016FY2023
Net income
$2.1 billion
+58.3% on the year
FY2016FY2023
Diluted EPS
$16.04
+59.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,980
2,442
2,575
+22.0%
Capital expenditure
381
230
210
+65.5%
Free cash flow
2,599
2,212
2,365
+17.5%
Free cash flow margin
13.6%
13.9%
16.5%
Cash from investing
-8,177
-419
-0.0
Cash from financing
-971
3,916
-2,623
Depreciation and amortisation
818
571
595
+43.3%
Share-based compensation
143
137
121
+4.1%
Buybacks
297
460
219
-35.4%
Dividends paid
704
570
475
+23.5%
Dividend per share
$5.47
$4.42
$3.67
+23.8%
Diluted shares, weighted
130m
130m
131m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,327
8,848
8,398
+16.7%
Non-controlling interest
11.4
11.9
15.4
-4.3%
Debt
12,559
11,480
6,585
+9.4%
Operating lease liabilities
187
100
93.9
+86.8%
Finance lease liabilities
101
8.6
n/a
+1,076.5%
Other liabilities
6,778
5,495
5,249
+23.4%
Total liabilities and equity
29,964
25,944
20,341
+15.5%
Fixed assets
2,865
2,123
2,266
+35.0%
Goodwill
10,629
7,740
8,060
+37.3%
Intangible assets
8,451
3,136
3,520
+169.5%
Investments
8.4
27.9
39.1
-69.9%
Cash and equivalents
475
536
733
-11.3%
Inventory
2,908
2,215
2,091
+31.3%
Other assets
4,629
10,167
3,632
-54.5%
Total assets
29,964
25,944
20,341
+15.5%
10-K for the year ended 30 June 2023, filed 24 August 2023: the filing.