Exhibit (12) to Report
on Form 10-K for Fiscal
Year Ended June 30, 2010
By Parker-Hannifin Corporation
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
| Fiscal Year Ended June 30, | |||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||
| EARNINGS |
|||||||||||||||||
| Income from continuing operations before income taxes and noncontrolling interests |
$ | 754,817 | $ | 683,083 | $ | 1,334,571 | $ | 1,166,463 | $ | 901,490 | |||||||
| Adjustments: |
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| Interest on indebtedness, exclusive of interest capitalized and interest on ESOP loan guarantee |
101,173 | 109,911 | 96,572 | 80,053 | 71,100 | ||||||||||||
| Amortization of deferred loan costs |
2,426 | 2,143 | 1,793 | 1,511 | 1,888 | ||||||||||||
| Portion of rents representative of interest factor |
41,194 | 41,839 | 35,378 | 29,000 | 25,609 | ||||||||||||
| Loss (income) of equity investees |
6,757 | (1,529 | ) | 2,596 | 1,059 | (161 | ) | ||||||||||
| Amortization of previously capitalized interest |
259 | 262 | 278 | 282 | 304 | ||||||||||||
| Income as adjusted |
$ | 906,626 | $ | 835,709 | $ | 1,471,188 | $ | 1,278,368 | $ | 1,000,230 | |||||||
| FIXED CHARGES |
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| Interest on indebtedness, exclusive of interest capitalized and interest on ESOP loan guarantee |
$ | 101,173 | $ | 109,911 | $ | 96,572 | $ | 80,053 | $ | 71,100 | |||||||
| Capitalized interest |
436 | 178 | |||||||||||||||
| Amortization of deferred loan costs |
2,426 | 2,143 | 1,793 | 1,511 | 1,888 | ||||||||||||
| Portion of rents representative of interest factor |
41,194 | 41,839 | 35,378 | 29,000 | 25,609 | ||||||||||||
| Fixed charges |
$ | 144,793 | $ | 153,893 | $ | 133,743 | $ | 111,000 | $ | 98,775 | |||||||
| RATIO OF EARNINGS TO FIXED CHARGES |
6.26x | 5.43x | 11.00x | 11.52x | 10.13x | ||||||||||||