Exhibit 12
Exhibit (12) * to Report
on Form 10-K for Fiscal
Year Ended June 30, 2007
by Parker-Hannifin Corporation
Computation of Ratio of Earnings to Fixed Charges
as of June 30, 2007
| Fiscal Year Ended June 30, | |||||||||||||||
| 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||
| EARNINGS |
|||||||||||||||
| Income from continuing operations before income taxes |
$ | 1,159,282 | $ | 899,958 | $ | 738,271 | $ | 472,956 | $ | 286,608 | |||||
| Add: |
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| Interest on indebtedness, exclusive of interest capitalized in accordance with FASB #34 and interest on ESOP loan guarantee |
80,053 | 71,100 | 62,482 | 67,183 | 75,068 | ||||||||||
| Amortization of deferred loan costs |
1,511 | 1,888 | 1,457 | 2,293 | 1,786 | ||||||||||
| Portion of rents representative of interest factor |
29,000 | 25,609 | 21,507 | 21,213 | 20,585 | ||||||||||
| Equity share of losses of companies for which debt obligations are not guaranteed |
2,124 | 897 | 2,895 | ||||||||||||
| Amortization of previously capitalized interest |
282 | 304 | 280 | 291 | 291 | ||||||||||
| Income as adjusted |
$ | 1,272,252 | $ | 999,756 | $ | 823,997 | $ | 563,936 | $ | 387,233 | |||||
| FIXED CHARGES |
|||||||||||||||
| Interest on indebtedness, exclusive of interest capitalized in accordance with FASB #34 and interest on ESOP loan guarantee |
$ | 80,053 | $ | 71,100 | $ | 62,482 | $ | 67,183 | $ | 75,068 | |||||
| Capitalized interest |
436 | 178 | |||||||||||||
| Amortization of deferred loan costs |
1,511 | 1,888 | 1,457 | 2,293 | 1,786 | ||||||||||
| Portion of rents representative of interest factor |
29,000 | 25,609 | 21,507 | 21,213 | 20,585 | ||||||||||
| Fixed charges |
$ | 111,000 | $ | 98,775 | $ | 85,446 | $ | 90,689 | $ | 97,439 | |||||
| RATIO OF EARNINGS TO FIXED CHARGES |
11.46x | 10.12x | 9.64x | 6.22x | 3.97x | ||||||||||