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 investments3,6825,8015,8176,1966,2006,3586,437
Cash and cash equivalents2,9544,4694,2925,7865,7885,2533,921
Short-term investments7291,3321,5254094121,1052,516
Receivables1,6941,4511,4191,3891,4201,2751,410
Inventory, net of allowances, customer advances and progress billings487454447430423405411
Inventory487454447430423405411
Prepaid expense135119132207179165186
Other current assets485551562545589483563
Total current assets:6,4848,3768,3778,7678,8108,6859,007
Noncurrent Assets
Net investment in lease724 764789816816821
Property, plant and equipment13,62513,25513,03612,62812,51711,96511,469
Long-term investments and receivables3,3291,6491,5781,5381,5201,4321,346
Long-term investments3,3291,6491,5781,5381,5201,4321,346
Intangible assets, net (including goodwill)1,3421,3321,3761,3641,3761,3271,180
Goodwill923912932915924892799
Intangible assets, net (excluding goodwill)419421444449453436381
Other noncurrent assets1,6221,5071,1231,0731,048943960
Other undisclosed noncurrent assets 740     
Total noncurrent assets:20,64218,48317,87517,39217,27816,48415,776
TOTAL ASSETS:27,12526,85926,25226,15926,08825,16924,782
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,3112,2182,1182,0421,9621,8331,669
Accounts payable 737   546 
Employee-related liabilities 221   197 
Taxes payable12094798710810684
Other undisclosed accounts payable and accrued liabilities2,1911,1662,0401,9561,8549841,585
Debt200487500889915478839
Due to related parties 84   41 
Other undisclosed current liabilities1201079871086584
Total current liabilities:2,6302,7992,6973,0172,9862,4172,591
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,8936,8766,8926,8056,7797,1337,073
Operating lease, liability      326
Other undisclosed long-term debt and lease obligation6,8936,8766,8926,8056,7797,1336,748
Liabilities, other than long-term debt3,2273,0963,1713,2023,2513,1763,095
Deferred income tax liabilities1,2101,1811,0781,0511,003963942
Due to related parties285275274311313297286
Other liabilities1,7321,6411,8191,8401,9361,9161,867
Total noncurrent liabilities:10,1209,97210,06310,00710,03010,30910,168
Total liabilities:12,75012,77112,76113,02413,01612,72512,759
Stockholders' equity
Stockholders' equity attributable to parent13,82513,54013,08312,72612,68412,08011,659
Common stock249249249249249249249
Treasury stock, value(1,989)(1,988)(1,990)(1,993)(1,996)(2,000)(2,008)
Additional paid in capital1,1121,1161,1051,0941,0831,0951,085
Accumulated other comprehensive loss(1,452)(1,516)(1,682)(1,824)(1,713)(2,140)(2,353)
Retained earnings15,90515,67815,40015,20015,06114,87614,687
Stockholders' equity attributable to noncontrolling interest551548409409388363364
Total stockholders' equity:14,37614,08813,49213,13513,07212,44312,023
TOTAL LIABILITIES AND EQUITY:27,12526,85926,25226,15926,08825,16924,782

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
Revenues2,9942,8412,6052,5022,3752,3202,065
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:771835803757743754720
Operating expenses(256)(228)(237)(231)(226)(223)(197)
Other undisclosed operating income9101123232916
Operating income:523617577549539560539
Nonoperating income
(Other Nonoperating income)
231721171968
Interest and debt expense(31)(33)(36)(36)(37)(39)(32)
Income from continuing operations before equity method investments, income taxes:515601563529521527515
Income from equity method investments148926370696751
Income from continuing operations before income taxes:663692626599590595566
Income tax expense(113)(125)(102)(122)(114)(100)(109)
Income from continuing operations:550567524477476495457
Income from discontinued operations 528 10  
Net income:550619532477487495457
Net income (loss) attributable to noncontrolling interest11(8)1(4)(5)(8)(11)
Net income available to common stockholders, diluted:560610534473482487447

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:550619532477487495457
Other comprehensive income (loss)75168144(96)447226127
Comprehensive income:624787676382933721584
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(11)(0)(20)(24)(21)(12)
Comprehensive income, net of tax, attributable to parent:624776676362909700572

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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