Exhibit (12) to Report on Form 10-K
for Fiscal Year Ended June 30, 2013
By Parker-Hannifin Corporation
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)

 
Fiscal Year Ended June 30,
 
2013
 
2012
 
2011
 
2010
 
2009
EARNINGS
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes and noncontrolling interests
$
1,311,001

 
$
1,576,698

 
$
1,413,721

 
$
754,817

 
$
683,083

Adjustments:
 
 
 
 
 
 
 
 
 
Interest on indebtedness, exclusive of interest on ESOP loan guarantee
88,668

 
89,888

 
97,009

 
101,173

 
109,911

Amortization of deferred loan costs
2,884

 
2,902

 
2,695

 
2,426

 
2,143

Portion of rents representative of interest factor
44,493

 
41,515

 
39,499

 
41,194

 
41,839

Loss (income) of equity investees
(247
)
 
1,237

 
2,592

 
6,757

 
(1,529
)
Amortization of previously capitalized interest
193

 
196

 
226

 
259

 
262

Income as adjusted
$
1,446,992

 
$
1,712,436

 
$
1,555,742

 
$
906,626

 
$
835,709

FIXED CHARGES
 
 
 
 
 
 
 
 
 
Interest on indebtedness, exclusive of interest capitalized and interest on ESOP loan guarantee
$
88,668

 
$
89,888

 
$
97,009

 
$
101,173

 
$
109,911

Amortization of deferred loan costs
2,884

 
2,902

 
2,695

 
2,426

 
2,143

Portion of rents representative of interest factor
44,493

 
41,515

 
39,499

 
41,194

 
41,839

Fixed charges
136,045

 
134,305

 
139,203

 
144,793

 
153,893

RATIO OF EARNINGS TO FIXED CHARGES
10.64x
 
12.75x
 
11.18x
 
6.26x
 
5.43x