Air Products and Chemicals Inc. (APD) Financial Statements (2024 and earlier)

Company Profile

Business Address 1940 AIR PRODUCTS BLVD.
ALLENTOWN, PA 18106-5500
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 281 - Industrial Inorganic Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2024
MRQ
12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2341,9493,3025,8016,3582,415
Cash and cash equivalents1,9631,6172,7114,4695,2532,249
Short-term investments2723325911,3321,105166
Receivables1,7251,7001,7941,4511,2751,260
Inventory, net of allowances, customer advances and progress billings709652514454405388
Inventory709652514454405388
Prepaid expense20717715711916577
Other current assets774722516551483478
Total current assets:5,6505,2016,2838,3768,6854,618
Noncurrent Assets
Operating lease, right-of-use asset979974    
Net investment in lease, before allowance for credit loss     816 
Property, plant and equipment18,93617,47214,16113,25511,96510,338
Long-term investments and receivables4,6854,6183,3541,6491,4321,276
Long-term investments4,6854,6183,3541,6491,4321,276
Intangible assets, net (including goodwill)1,2391,1961,1711,3321,3271,217
Goodwill899862823912892797
Intangible assets, net (excluding goodwill)339335348421436420
Other noncurrent assets1,0261,2301,6421,507943604
Net investment in lease, excluding accrued interest, after allowance for credit loss 486495  
Other undisclosed noncurrent assets1,119817583740 890
Total noncurrent assets:28,46926,80220,91018,48316,48414,325
TOTAL ASSETS:34,11832,00327,19326,85925,16918,943
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,7182,8902,7722,2181,8331,636
Taxes payable9410687
Employee-related liabilities221197186
Accounts payable  1,2131,121737546519
Accrued liabilities167911    
Other undisclosed accounts payable and accrued liabilities2,5517661,6511,166984844
Debt23487555948747899
Restructuring reserve  20    
Due to related parties129844138
Other undisclosed current liabilities1671116106549
Total current liabilities:3,1193,8963,4662,7992,4171,821
Noncurrent Liabilities
Long-term debt and lease obligation, including:   6,4346,8767,1332,907
Other undisclosed long-term debt and lease obligation   6,4346,8767,1332,907
Liabilities, other than long-term debt3,1273,0153,5913,0963,1762,826
Deferred revenue131     
Deferred income tax liabilities1,2501,2661,2471,181963794
Due to related parties652275297320
Other liabilities1,1121,1181,6911,6411,9161,712
Operating lease, liability635631    
Other undisclosed noncurrent liabilities11,7439,431    
Total noncurrent liabilities:14,87012,44610,0249,97210,3095,734
Total liabilities:17,98916,34213,49012,77112,7257,555
Equity
Equity, attributable to parent14,87314,31313,14413,54012,08011,054
Common stock249249249249249249
Treasury stock, value(1,966)(1,967)(1,981)(1,988)(2,000)(2,030)
Additional paid in capital1,2001,1911,1411,1161,0951,071
Accumulated other comprehensive loss(2,120)(2,449)(2,786)(1,516)(2,140)(2,376)
Retained earnings17,51017,29016,52015,67814,87614,138
Equity, attributable to noncontrolling interest1,2561,347558548363335
Total equity:16,12915,66013,70214,08812,44311,388
TOTAL LIABILITIES AND EQUITY:34,11832,00327,19326,85925,16918,943

Income Statement (P&L) ($ in millions)

6/30/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Revenues12,42312,60012,69910,3238,8568,919
Cost of revenue
(Cost of Goods and Services Sold)
(8,628)(8,833)(9,339)(7,186)(5,858)(5,976)
Other undisclosed gross profit      (29)
Gross profit:3,7953,7673,3603,1372,9982,914
Operating expenses(1,313)(1,307)(1,077)(922)(860)(823)
Other undisclosed operating income273556669953
Operating income:2,5102,4952,3392,2812,2382,144
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(53)(39)62743167
Interest and debt expense(190)(178)(128)(142)(109)(137)
Income from continuing operations before equity method investments, income taxes:2,2672,2782,2732,2132,1592,074
Income from equity method investments653604482294265215
Income from continuing operations before income taxes:2,9192,8822,7552,5072,4242,290
Income tax expense(550)(551)(501)(463)(478)(480)
Income from continuing operations:2,3692,3312,2542,0451,9451,809
Income before gain (loss) on sale of properties:2,2672,1151,9311,809
Income (loss) from discontinued operations  71370(14) 
Other undisclosed net income7     
Net income:2,3762,3392,2672,1151,9311,809
Net loss attributable to noncontrolling interest(39)(38)(10)(16)(44)(49)
Net income available to common stockholders, diluted:2,3372,3002,2562,0991,8871,760

Comprehensive Income ($ in millions)

6/30/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Net income:2,3762,3392,2672,1151,9311,809
Other comprehensive income (loss)132521(1,300)663234(654)
Comprehensive income:2,5082,8609672,7782,1651,156
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(73)(223)19(55)(42)(30)
Comprehensive income, net of tax, attributable to parent:2,4352,6379862,7232,1221,126

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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