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)
Annual | Quarterly

12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9493,3025,8016,3582,4152,976
Cash and cash equivalents1,6172,7114,4695,2532,2492,791
Short-term investments3325911,3321,105166185
Receivables1,7001,7941,4511,2751,2601,207
Inventory, net of allowances, customer advances and progress billings652514454405388396
Inventory652514454405388396
Prepaid expense17715711916577130
Other current assets722516551483478296
Other undisclosed current assets      78
Total current assets:5,2016,2838,3768,6854,6185,082
Noncurrent Assets
Operating lease, right-of-use asset974    ✕
Net investment in lease, before allowance for credit loss    816 ✕
Property, plant and equipment17,47214,16113,25511,96510,3389,924
Long-term investments and receivables4,6183,3541,6491,4321,2762,291
Long-term investments4,6183,3541,6491,4321,2761,277
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕✕✕✕✕✕1,013
Intangible assets, net (including goodwill)1,1961,1711,3321,3271,2171,227
Goodwill862823912892797789
Intangible assets, net (excluding goodwill)335348421436420439
Other noncurrent assets1,2301,6421,507943604655
Net investment in lease, excluding accrued interest, after allowance for credit loss495  ✕✕✕
Other undisclosed noncurrent assets817583740 890 
Total noncurrent assets:26,80220,91018,48316,48414,32514,096
TOTAL ASSETS:32,00327,19326,85925,16918,94319,178
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,8902,7722,2181,8331,6361,818
Interest and dividends payable✕✕✕   50
Taxes payable✕✕✕941068760
Employee-related liabilities✕✕✕221197186201
Accounts payable 1,2131,121737546519595
Accrued liabilities911     
Other undisclosed accounts payable and accrued liabilities7661,6511,166984844913
Debt87555948747899461
Restructuring reserve 20     
Due to related parties✕✕129844138 
Other undisclosed current liabilities111610654960
Total current liabilities:3,8963,4662,7992,4171,8212,338
Noncurrent Liabilities
Long-term debt and lease obligation, including:  6,4346,8767,1332,9072,967
Other undisclosed long-term debt and lease obligation  6,4346,8767,1332,9072,967
Liabilities, other than long-term debt3,0153,5913,0963,1762,8261,921
Deferred revenue     ✕
Deferred income tax liabilities1,2661,2471,181963794✕
Due to related parties✕✕652275297320384
Other liabilities1,1181,6911,6411,9161,7121,537
Operating lease, liability631    ✕
Other undisclosed noncurrent liabilities9,431    775
Total noncurrent liabilities:12,44610,0249,97210,3095,7345,664
Total liabilities:16,34213,49012,77112,7257,5558,002
Equity
Equity, attributable to parent14,31313,14413,54012,08011,05410,858
Common stock249249249249249249
Treasury stock, value(1,967)(1,981)(1,988)(2,000)(2,030)(2,089)
Additional paid in capital1,1911,1411,1161,0951,0711,029
Accumulated other comprehensive loss(2,449)(2,786)(1,516)(2,140)(2,376)(1,742)
Retained earnings17,29016,52015,67814,87614,13813,410
Equity, attributable to noncontrolling interest1,347558548363335319
Total equity:15,66013,70214,08812,44311,38811,176
TOTAL LIABILITIES AND EQUITY:32,00327,19326,85925,16918,94319,178

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues12,60012,69910,3238,8568,9198,930
Cost of revenue
(Cost of Goods and Services Sold)		(8,833)(9,339)(7,186)(5,858)(5,976)(6,190)
Other undisclosed gross profit     (29) 
Gross profit:3,7673,3603,1372,9982,9142,741
Operating expenses(1,307)(1,077)(922)(860)(823)(825)
Other operating income, net      9
Other undisclosed operating income355666995341
Operating income:2,4952,3392,2812,2382,1441,966
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(39)627431675
Interest and debt expense(178)(128)(142)(109)(137)(131)
Income from continuing operations before equity method investments, income taxes:2,2782,2732,2132,1592,0741,840
Income from equity method investments604482294265215175
Income from continuing operations before income taxes:2,8822,7552,5072,4242,2902,015
Income tax expense(551)(501)(463)(478)(480)(524)
Income from continuing operations:2,3312,2542,0451,9451,8091,491
Income before gain (loss) on sale of properties:✕✕2,2672,1151,9311,8091,533
Income (loss) from discontinued operations 71370(14) 42
Other undisclosed net income      
Net income:2,3392,2672,1151,9311,8091,533
Net loss attributable to noncontrolling interest(38)(10)(16)(44)(49)(35)
Net income available to common stockholders, diluted:2,3002,2562,0991,8871,7601,498

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:2,3392,2672,1151,9311,8091,533
Other comprehensive income (loss)521(1,300)663234(654)87
Comprehensive income:2,8609672,7782,1651,1561,619
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(223)19(55)(42)(30)(16)
Comprehensive income, net of tax, attributable to parent:2,6379862,7232,1221,1261,603

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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