Air Products and Chemicals, Inc. (APD) Financial Statements (2023 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)
| 12/31/2021 Q1 | 9/30/2021 Q4 | 6/30/2021 Q3 | 3/31/2021 Q2 | 12/31/2020 Q1 | 9/30/2020 Q4 | 6/30/2020 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,682 | 5,801 | 5,817 | 6,196 | 6,200 | 6,358 | 6,437 | ||
| Cash and cash equivalents | 2,954 | 4,469 | 4,292 | 5,786 | 5,788 | 5,253 | 3,921 | ||
| Short-term investments | 729 | 1,332 | 1,525 | 409 | 412 | 1,105 | 2,516 | ||
| Receivables | 1,694 | 1,451 | 1,419 | 1,389 | 1,420 | 1,275 | 1,410 | ||
| Inventory, net of allowances, customer advances and progress billings | 487 | 454 | 447 | 430 | 423 | 405 | 411 | ||
| Inventory | 487 | 454 | 447 | 430 | 423 | 405 | 411 | ||
| Prepaid expense | 135 | 119 | 132 | 207 | 179 | 165 | 186 | ||
| Other current assets | 485 | 551 | 562 | 545 | 589 | 483 | 563 | ||
| Total current assets: | 6,484 | 8,376 | 8,377 | 8,767 | 8,810 | 8,685 | 9,007 | ||
| Noncurrent Assets | |||||||||
| Net investment in lease | 724 | 764 | 789 | 816 | 816 | 821 | |||
| Property, plant and equipment | 13,625 | 13,255 | 13,036 | 12,628 | 12,517 | 11,965 | 11,469 | ||
| Long-term investments and receivables | 3,329 | 1,649 | 1,578 | 1,538 | 1,520 | 1,432 | 1,346 | ||
| Long-term investments | 3,329 | 1,649 | 1,578 | 1,538 | 1,520 | 1,432 | 1,346 | ||
| Intangible assets, net (including goodwill) | 1,342 | 1,332 | 1,376 | 1,364 | 1,376 | 1,327 | 1,180 | ||
| Goodwill | 923 | 912 | 932 | 915 | 924 | 892 | 799 | ||
| Intangible assets, net (excluding goodwill) | 419 | 421 | 444 | 449 | 453 | 436 | 381 | ||
| Other noncurrent assets | 1,622 | 1,507 | 1,123 | 1,073 | 1,048 | 943 | 960 | ||
| Other undisclosed noncurrent assets | 740 | ||||||||
| Total noncurrent assets: | 20,642 | 18,483 | 17,875 | 17,392 | 17,278 | 16,484 | 15,776 | ||
| TOTAL ASSETS: | 27,125 | 26,859 | 26,252 | 26,159 | 26,088 | 25,169 | 24,782 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,311 | 2,218 | 2,118 | 2,042 | 1,962 | 1,833 | 1,669 | ||
| Accounts payable | 737 | 546 | |||||||
| Employee-related liabilities | 221 | 197 | |||||||
| Taxes payable | 120 | 94 | 79 | 87 | 108 | 106 | 84 | ||
| Other undisclosed accounts payable and accrued liabilities | 2,191 | 1,166 | 2,040 | 1,956 | 1,854 | 984 | 1,585 | ||
| Debt | 200 | 487 | 500 | 889 | 915 | 478 | 839 | ||
| Due to related parties | 84 | 41 | |||||||
| Other undisclosed current liabilities | 120 | 10 | 79 | 87 | 108 | 65 | 84 | ||
| Total current liabilities: | 2,630 | 2,799 | 2,697 | 3,017 | 2,986 | 2,417 | 2,591 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 6,893 | 6,876 | 6,892 | 6,805 | 6,779 | 7,133 | 7,073 | ||
| Operating lease, liability | 326 | ||||||||
| Other undisclosed long-term debt and lease obligation | 6,893 | 6,876 | 6,892 | 6,805 | 6,779 | 7,133 | 6,748 | ||
| Liabilities, other than long-term debt | 3,227 | 3,096 | 3,171 | 3,202 | 3,251 | 3,176 | 3,095 | ||
| Deferred income tax liabilities | 1,210 | 1,181 | 1,078 | 1,051 | 1,003 | 963 | 942 | ||
| Due to related parties | 285 | 275 | 274 | 311 | 313 | 297 | 286 | ||
| Other liabilities | 1,732 | 1,641 | 1,819 | 1,840 | 1,936 | 1,916 | 1,867 | ||
| Total noncurrent liabilities: | 10,120 | 9,972 | 10,063 | 10,007 | 10,030 | 10,309 | 10,168 | ||
| Total liabilities: | 12,750 | 12,771 | 12,761 | 13,024 | 13,016 | 12,725 | 12,759 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 13,825 | 13,540 | 13,083 | 12,726 | 12,684 | 12,080 | 11,659 | ||
| Common stock | 249 | 249 | 249 | 249 | 249 | 249 | 249 | ||
| Treasury stock, value | (1,989) | (1,988) | (1,990) | (1,993) | (1,996) | (2,000) | (2,008) | ||
| Additional paid in capital | 1,112 | 1,116 | 1,105 | 1,094 | 1,083 | 1,095 | 1,085 | ||
| Accumulated other comprehensive loss | (1,452) | (1,516) | (1,682) | (1,824) | (1,713) | (2,140) | (2,353) | ||
| Retained earnings | 15,905 | 15,678 | 15,400 | 15,200 | 15,061 | 14,876 | 14,687 | ||
| Stockholders' equity attributable to noncontrolling interest | 551 | 548 | 409 | 409 | 388 | 363 | 364 | ||
| Total stockholders' equity: | 14,376 | 14,088 | 13,492 | 13,135 | 13,072 | 12,443 | 12,023 | ||
| TOTAL LIABILITIES AND EQUITY: | 27,125 | 26,859 | 26,252 | 26,159 | 26,088 | 25,169 | 24,782 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2021 Q1 | 9/30/2021 Q4 | 6/30/2021 Q3 | 3/31/2021 Q2 | 12/31/2020 Q1 | 9/30/2020 Q4 | 6/30/2020 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,994 | 2,841 | 2,605 | 2,502 | 2,375 | 2,320 | 2,065 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,224) | (2,006) | (1,802) | (1,746) | (1,632) | (1,567) | (1,345) | |
| Gross profit: | 771 | 835 | 803 | 757 | 743 | 754 | 720 | |
| Operating expenses | (256) | (228) | (237) | (231) | (226) | (223) | (197) | |
| Other undisclosed operating income | 9 | 10 | 11 | 23 | 23 | 29 | 16 | |
| Operating income: | 523 | 617 | 577 | 549 | 539 | 560 | 539 | |
| Nonoperating income (Other Nonoperating income) | 23 | 17 | 21 | 17 | 19 | 6 | 8 | |
| Interest and debt expense | (31) | (33) | (36) | (36) | (37) | (39) | (32) | |
| Income from continuing operations before equity method investments, income taxes: | 515 | 601 | 563 | 529 | 521 | 527 | 515 | |
| Income from equity method investments | 148 | 92 | 63 | 70 | 69 | 67 | 51 | |
| Income from continuing operations before income taxes: | 663 | 692 | 626 | 599 | 590 | 595 | 566 | |
| Income tax expense | (113) | (125) | (102) | (122) | (114) | (100) | (109) | |
| Income from continuing operations: | 550 | 567 | 524 | 477 | 476 | 495 | 457 | |
| Income from discontinued operations | 52 | 8 | 10 | |||||
| Net income: | 550 | 619 | 532 | 477 | 487 | 495 | 457 | |
| Net income (loss) attributable to noncontrolling interest | 11 | (8) | 1 | (4) | (5) | (8) | (11) | |
| Net income available to common stockholders, diluted: | 560 | 610 | 534 | 473 | 482 | 487 | 447 | |
Comprehensive Income ($ in millions)
| 12/31/2021 Q1 | 9/30/2021 Q4 | 6/30/2021 Q3 | 3/31/2021 Q2 | 12/31/2020 Q1 | 9/30/2020 Q4 | 6/30/2020 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 550 | 619 | 532 | 477 | 487 | 495 | 457 | |
| Other comprehensive income (loss) | 75 | 168 | 144 | (96) | 447 | 226 | 127 | |
| Comprehensive income: | 624 | 787 | 676 | 382 | 933 | 721 | 584 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (11) | (0) | (20) | (24) | (21) | (12) | |
| Comprehensive income, net of tax, attributable to parent: | 624 | 776 | 676 | 362 | 909 | 700 | 572 | |
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.