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EXHIBIT (12) * TO REPORT
ON FORM 10-K FOR FISCAL
YEAR ENDED JUNE 30, 2000
BY PARKER-HANNIFIN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AS OF JUNE 30, 2000
EXHIBIT 12
PARKER-HANNIFIN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
Fiscal Year Ended June 30,
2000 1999 1998 1997 1996
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EARNINGS
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Income from continuing operations before $ 562,187 $ 477,694 $ 503,988 $ 424,867 $ 374,479
income taxes
Add:
Interest on indebtedness, exclusive of 51,576 63,132 52,463 46,373 35,665
interest capitalized in accordance
with FASB #34 and interest on ESOP
loan guarantee
Amortization of deferred loan costs 659 565 324 286 146
Portion of rents representative of 13,457 14,093 12,355 11,102 9,966
interest factor
Equity share of losses of companies 1,359 583 1,327 513
for which debt obligations are not
guaranteed
Amortization of previously capitalized 254 313 296 220 219
interest
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Income as adjusted $ 629,492 $ 555,797 $ 570,009 $ 484,175 $ 420,988
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FIXED CHARGES
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Interest on indebtedness, exclusive of $ 51,576 $ 63,132 $ 52,463 $ 46,373 $ 35,665
interest capitalized in accordance
with FASB #34 and interest on ESOP
loan guarantee
Capitalized interest 2 1,372 272 538
Amortization of deferred loan costs 659 565 324 286 146
Portion of rents representative of 13,457 14,093 12,355 11,102 9,966
interest factor
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Fixed charges $ 65,692 $ 77,792 $ 66,514 $ 58,033 $ 46,315
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RATIO OF EARNINGS TO FIXED CHARGES 9.58x 7.14x 8.57x 8.34x 9.09x
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