Parker-Hannifin PH Tax Credit Carryforward Valuation Allowance
Tax Credit Carryforward Valuation Allowance at other companies
Other financials
Where this comes from
Reported directly by Parker-Hannifin in its filing.
Tagged under the XBRL concept us-gaap:TaxCreditCarryforwardValuationAllowance.
The source filing: Parker-Hannifin’s 10-K, filed August 22, 2025.
- Filed
- Aug 22, 2025
- Fiscal year
- FY2025
- Accession
- 0000076334-25-000035
As of June 30, 2025, we recorded deferred tax assets of $114 million resulting from $492 million in loss carryforwards. A valuation allowance of $106 million related to the loss carryforwards has been established due to the uncertainty of their realization. Of this valuation allowance, $92 million relates to non-operating entities whose loss carryforward utilization is considered to be remote. Some of the loss carryforwards can be carried forward indefinitely; others can be carried forward from three years to 20 years. In addition, a valuation allowance of $35 million related to other future deductible items has been established due to the uncertainty of their realization.
ITEM 8. Financial Statements and Supplementary Data.
FAQ
- What is Parker-Hannifin's tax credit carryforward valuation allowance?
- Parker-Hannifin (PH) reported tax credit carryforward valuation allowance of $35M in Q2 2025.
- What is the long-term trend for Parker-Hannifin's tax credit carryforward valuation allowance?
- Over 4 years (2021 to 2025), Parker-Hannifin's tax credit carryforward valuation allowance has grown at a -55.2% compound annual growth rate (CAGR), from $865.76M to $35M.
- What does tax credit carryforward valuation allowance mean?
- This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.
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