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Previous: OREGON METALLURGICAL CORP, 8-A12G/A, 1997-12-16 |
Next: PCA INTERNATIONAL INC, 10-Q, 1997-12-16 |
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of earliest event reported: December 15, 1997
PARKER-HANNIFIN CORPORATION
---------------------------
(Exact name of registrant as specified in its charter)
OHIO 1-4982 34-0451060
---- ------ ----------
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
6035 Parkland Boulevard, Cleveland, Ohio 44124-4141
---------------------------------------- ----------
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (216) 896-3000
The Exhibit Index appears on sequential page 3.
<PAGE> 2
PARKER-HANNIFIN CORPORATION
FORM 8-K
Item 5. Other Events.
The Company is filing herewith the following exhibit to its
Registration Statement on Form S-3 (File No. 333-02761), which was declared
effective on May 2, 1996.
1. Computation of Ratio of Earnings to Fixed Charges (revised to
reflect the Company's financial results as of September 30,
1997)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PARKER-HANNIFIN CORPORATION
(Registrant)
By: /s/ Joseph D. Whiteman
----------------------------------
Vice President, General Counsel
and Secretary
Date: December 15, 1997
<PAGE> 3
EXHIBIT INDEX
Exhibit No. Description of Exhibit
- ----------- -------------------------------------------------------------
12.3 Computation of Ratio of Earnings to Fixed Charges (revised to
reflect the Company's financial results as of September 30,
1997)
<PAGE> 1
<TABLE>
<CAPTION>
EXHIBIT 12.3
PARKER-HANNIFIN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
Three months Fiscal Year Ended June 30,
Ended September 30,
1997 1996 1997 1996 1995 1994 1993
--------------------- ----------------------------------------------------
EARNINGS
<S> <C> <C> <C> <C> <C> <C> <C>
Income from continuing operations
before income taxes $121,335 $ 79,852 $424,867 $374,479 $348,407 $112,449 $108,066
Add:
Interest on indebtedness,
exclusive of interest capitalized
in accordance with FASB #34 and
interest on ESOP loan guarantee 10,363 12,245 46,373 35,665 28,884 34,687 43,055
Amortization of deferred loan costs 74 69 286 146 128 297 237
Portion of rents representative of
interest factor 2,775 2,492 11,102 9,966 8,791 7,157 10,299
Equity share of losses of companies
for which debt obligations are
not guaranteed 11 219 1,327 513 392 1,359 1,566
Amortization of previously
capitalized interest 68 55 220 219 216 217 206
-------------------- -----------------------------------------------------
Income as adjusted $134,626 $ 94,932 $484,175 $420,988 $386,818 $156,166 $163,429
==================== =====================================================
FIXED CHARGES
- -------------
Interest on indebtedness,
exclusive of interest capitalized
in accordance with FASB #34 and
interest on ESOP loan guarantee $ 10,363 $ 12,245 $ 46,373 $ 35,665 $ 28,884 $ 34,687 $ 43,055
Capitalized interest 82 272 538 283 298 32
Amortization of deferred loan costs 74 69 286 146 128 297 237
Portion of rents representative of
interest factor 2,775 2,492 11,102 9,966 8,791 7,157 10,299
-------------------- -----------------------------------------------------
Fixed charges $ 13,212 $ 14,888 $ 58,033 $ 46,315 $ 38,086 $ 42,439 $ 53,623
==================== =====================================================
RATIO OF EARNINGS TO FIXED CHARGES 10.19x 6.38x 8.34x 9.09x 10.16x 3.68x 3.05x
- ----------------------------------
</TABLE>
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