Exhibit 12 to Annual Report
on Form 10-K
for Fiscal Year Ended June 30, 2015
By Parker-Hannifin Corporation
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)

 
Fiscal Year Ended June 30,
 
2015
 
2014
 
2013
 
2012
 
2011
EARNINGS
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes and noncontrolling interests
$
1,432,240

 
$
1,556,720

 
$
1,311,001

 
$
1,576,698

 
$
1,413,721

Adjustments:
 
 
 
 
 
 
 
 
 
Interest on indebtedness, exclusive of interest capitalized
115,077

 
79,845

 
88,668

 
89,888

 
97,009

Amortization of deferred loan costs
3,329

 
2,721

 
2,884

 
2,902

 
2,695

Portion of rents representative of interest factor
41,886

 
43,983

 
44,493

 
41,515

 
39,499

(Income) loss of equity investees
(23,204
)
 
(11,141
)
 
(247
)
 
1,237

 
2,592

Amortization of previously capitalized interest
179

 
190

 
193

 
196

 
226

Income as adjusted
$
1,569,507

 
$
1,672,318

 
$
1,446,992

 
$
1,712,436

 
$
1,555,742

FIXED CHARGES
 
 
 
 
 
 
 
 
 
Interest on indebtedness, exclusive of interest capitalized
$
115,077

 
$
79,845

 
$
88,668

 
$
89,888

 
$
97,009

Amortization of deferred loan costs
3,329

 
2,721

 
2,884

 
2,902

 
2,695

Portion of rents representative of interest factor
41,886

 
43,983

 
44,493

 
41,515

 
39,499

Fixed charges
$
160,292

 
$
126,549

 
$
136,045

 
$
134,305

 
$
139,203

RATIO OF EARNINGS TO FIXED CHARGES
9.79x
 
13.21x
 
10.64x
 
12.75x
 
11.18x