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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 2,234 | 1,949 | 3,302 | 5,801 | 6,358 | 2,415 | |||
Cash and cash equivalents | 1,963 | 1,617 | 2,711 | 4,469 | 5,253 | 2,249 | |||
Short-term investments | 272 | 332 | 591 | 1,332 | 1,105 | 166 | |||
Receivables | 1,725 | 1,700 | 1,794 | 1,451 | 1,275 | 1,260 | |||
Inventory, net of allowances, customer advances and progress billings | 709 | 652 | 514 | 454 | 405 | 388 | |||
Inventory | 709 | 652 | 514 | 454 | 405 | 388 | |||
Prepaid expense | 207 | 177 | 157 | 119 | 165 | 77 | |||
Other current assets | 774 | 722 | 516 | 551 | 483 | 478 | |||
Total current assets: | 5,650 | 5,201 | 6,283 | 8,376 | 8,685 | 4,618 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 979 | 974 | |||||||
Net investment in lease, before allowance for credit loss | 816 | ||||||||
Property, plant and equipment | 18,936 | 17,472 | 14,161 | 13,255 | 11,965 | 10,338 | |||
Long-term investments and receivables | 4,685 | 4,618 | 3,354 | 1,649 | 1,432 | 1,276 | |||
Long-term investments | 4,685 | 4,618 | 3,354 | 1,649 | 1,432 | 1,276 | |||
Intangible assets, net (including goodwill) | 1,239 | 1,196 | 1,171 | 1,332 | 1,327 | 1,217 | |||
Goodwill | 899 | 862 | 823 | 912 | 892 | 797 | |||
Intangible assets, net (excluding goodwill) | 339 | 335 | 348 | 421 | 436 | 420 | |||
Other noncurrent assets | 1,026 | 1,230 | 1,642 | 1,507 | 943 | 604 | |||
Net investment in lease, excluding accrued interest, after allowance for credit loss | 486 | 495 | ✕ | ✕ | |||||
Other undisclosed noncurrent assets | 1,119 | 817 | 583 | 740 | 890 | ||||
Total noncurrent assets: | 28,469 | 26,802 | 20,910 | 18,483 | 16,484 | 14,325 | |||
TOTAL ASSETS: | 34,118 | 32,003 | 27,193 | 26,859 | 25,169 | 18,943 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 2,718 | 2,890 | 2,772 | 2,218 | 1,833 | 1,636 | |||
Taxes payable | ✕ | ✕ | ✕ | ✕ | 94 | 106 | 87 | ||
Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 221 | 197 | 186 | ||
Accounts payable | 1,213 | 1,121 | 737 | 546 | 519 | ||||
Accrued liabilities | 167 | 911 | |||||||
Other undisclosed accounts payable and accrued liabilities | 2,551 | 766 | 1,651 | 1,166 | 984 | 844 | |||
Debt | 234 | 875 | 559 | 487 | 478 | 99 | |||
Restructuring reserve | 20 | ||||||||
Due to related parties | ✕ | ✕ | ✕ | 129 | 84 | 41 | 38 | ||
Other undisclosed current liabilities | 167 | 111 | 6 | 10 | 65 | 49 | |||
Total current liabilities: | 3,119 | 3,896 | 3,466 | 2,799 | 2,417 | 1,821 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 6,434 | 6,876 | 7,133 | 2,907 | |||||
Other undisclosed long-term debt and lease obligation | 6,434 | 6,876 | 7,133 | 2,907 | |||||
Liabilities, other than long-term debt | 3,127 | 3,015 | 3,591 | 3,096 | 3,176 | 2,826 | |||
Deferred revenue | 131 | ||||||||
Deferred income tax liabilities | 1,250 | 1,266 | 1,247 | 1,181 | 963 | 794 | |||
Due to related parties | ✕ | ✕ | ✕ | 652 | 275 | 297 | 320 | ||
Other liabilities | 1,112 | 1,118 | 1,691 | 1,641 | 1,916 | 1,712 | |||
Operating lease, liability | 635 | 631 | |||||||
Other undisclosed noncurrent liabilities | 11,743 | 9,431 | |||||||
Total noncurrent liabilities: | 14,870 | 12,446 | 10,024 | 9,972 | 10,309 | 5,734 | |||
Total liabilities: | 17,989 | 16,342 | 13,490 | 12,771 | 12,725 | 7,555 | |||
Equity | |||||||||
Equity, attributable to parent | 14,873 | 14,313 | 13,144 | 13,540 | 12,080 | 11,054 | |||
Common stock | 249 | 249 | 249 | 249 | 249 | 249 | |||
Treasury stock, value | (1,966) | (1,967) | (1,981) | (1,988) | (2,000) | (2,030) | |||
Additional paid in capital | 1,200 | 1,191 | 1,141 | 1,116 | 1,095 | 1,071 | |||
Accumulated other comprehensive loss | (2,120) | (2,449) | (2,786) | (1,516) | (2,140) | (2,376) | |||
Retained earnings | 17,510 | 17,290 | 16,520 | 15,678 | 14,876 | 14,138 | |||
Equity, attributable to noncontrolling interest | 1,256 | 1,347 | 558 | 548 | 363 | 335 | |||
Total equity: | 16,129 | 15,660 | 13,702 | 14,088 | 12,443 | 11,388 | |||
TOTAL LIABILITIES AND EQUITY: | 34,118 | 32,003 | 27,193 | 26,859 | 25,169 | 18,943 |
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 | ||
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Revenues | 12,423 | 12,600 | 12,699 | 10,323 | 8,856 | 8,919 | ||
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: | 3,795 | 3,767 | 3,360 | 3,137 | 2,998 | 2,914 | ||
Operating expenses | (1,313) | (1,307) | (1,077) | (922) | (860) | (823) | ||
Other undisclosed operating income | 27 | 35 | 56 | 66 | 99 | 53 | ||
Operating income: | 2,510 | 2,495 | 2,339 | 2,281 | 2,238 | 2,144 | ||
Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (53) | (39) | 62 | 74 | 31 | 67 | ||
Interest and debt expense | (190) | (178) | (128) | (142) | (109) | (137) | ||
Income from continuing operations before equity method investments, income taxes: | 2,267 | 2,278 | 2,273 | 2,213 | 2,159 | 2,074 | ||
Income from equity method investments | 653 | 604 | 482 | 294 | 265 | 215 | ||
Income from continuing operations before income taxes: | 2,919 | 2,882 | 2,755 | 2,507 | 2,424 | 2,290 | ||
Income tax expense | (550) | (551) | (501) | (463) | (478) | (480) | ||
Income from continuing operations: | 2,369 | 2,331 | 2,254 | 2,045 | 1,945 | 1,809 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 2,267 | 2,115 | 1,931 | 1,809 | |
Income (loss) from discontinued operations | 7 | 13 | 70 | (14) | ||||
Other undisclosed net income | 7 | |||||||
Net income: | 2,376 | 2,339 | 2,267 | 2,115 | 1,931 | 1,809 | ||
Net loss attributable to noncontrolling interest | (39) | (38) | (10) | (16) | (44) | (49) | ||
Net income available to common stockholders, diluted: | 2,337 | 2,300 | 2,256 | 2,099 | 1,887 | 1,760 |
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 | ||
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Net income: | 2,376 | 2,339 | 2,267 | 2,115 | 1,931 | 1,809 | ||
Other comprehensive income (loss) | 132 | 521 | (1,300) | 663 | 234 | (654) | ||
Comprehensive income: | 2,508 | 2,860 | 967 | 2,778 | 2,165 | 1,156 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (73) | (223) | 19 | (55) | (42) | (30) | ||
Comprehensive income, net of tax, attributable to parent: | 2,435 | 2,637 | 986 | 2,723 | 2,122 | 1,126 |
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.