Air Products and Chemicals, Inc. (APD) financial statements (2021 and earlier)
Company profile
Business Address |
7201 HAMILTON BLVD ALLENTOWN, PA 18195-1501 |
State of Incorp. | DE |
Fiscal Year End | September 30 |
SIC | 281 - Industrial Inorganic Chemicals (benchmarking) |
More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
12/31/2019 TTM | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | 9/30/2014 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 2,406 | 2,415 | 2,976 | 3,678 | 1,501 | 206 | 337 | ||
Cash and cash equivalents | 2,406 | 2,249 | 2,791 | 3,274 | 1,501 | 206 | 337 | ||
Short-term investments | 166 | 185 | 404 | ||||||
Receivables | 1,289 | 1,260 | 1,207 | 1,174 | 1,440 | 1,406 | 1,486 | ||
Inventory, net of allowances, customer advances and progress billings | 401 | 388 | 396 | 335 | 620 | 658 | 706 | ||
Inventory | 401 | 388 | 396 | 335 | 620 | 658 | 706 | ||
Prepaid expense | 98 | 77 | 130 | 191 | 100 | 67 | 88 | ||
Derivative instruments and hedges, assets | 73 | 107 | |||||||
Disposal group, including discontinued operation | 10 | 19 | |||||||
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | 84 | 68 | |||||
Costs in excess of billings | ✕ | ✕ | ✕ | 85 | 82 | 111 | 155 | ||
Deferred tax assets | ✕ | ✕ | 117 | 136 | |||||
Other current assets | 526 | 478 | 296 | 403 | 556 | 462 | 523 | ||
Other undisclosed current assets | 78 | (274) | (310) | ||||||
Total current assets: | 4,720 | 4,618 | 5,082 | 5,877 | 4,317 | 2,911 | 3,295 | ||
Noncurrent Assets | |||||||||
Net investment in lease | 883 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
Nontrade receivables | 31 | 31 | |||||||
Property, plant and equipment | 10,692 | 10,338 | 9,924 | 8,440 | 8,853 | 9,637 | 9,532 | ||
Long-term investments and receivables | 1,340 | 1,276 | 2,291 | 2,419 | 2,510 | 2,637 | 2,708 | ||
Long-term investments | 1,340 | 1,276 | 1,277 | 1,287 | 1,288 | 1,266 | 1,258 | ||
Accounts and financing receivable, after allowance for credit loss | 21 | 35 | |||||||
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | 1,013 | 1,132 | 1,222 | 1,350 | 1,415 | ||
Intangible assets, net (including goodwill) | 1,232 | 1,217 | 1,227 | 1,090 | 1,638 | 1,640 | 1,853 | ||
Goodwill | 816 | 797 | 789 | 722 | 1,150 | 1,131 | 1,237 | ||
Intangible assets, net (excluding goodwill) | 416 | 420 | 439 | 368 | 488 | 508 | 616 | ||
Derivative instruments and hedges | 246 | 65 | |||||||
Deposits noncurrent assets | 40 | 51 | |||||||
Deferred costs | 22 | 26 | |||||||
Other noncurrent assets | 785 | 604 | 655 | 642 | 737 | 635 | 426 | ||
Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | ✕ | 4 | 23 | |||
Deferred tax assets, net | ✕ | ✕ | 69 | 57 | |||||
Other undisclosed noncurrent assets | 890 | (434) | (288) | ||||||
Total noncurrent assets: | 14,932 | 14,325 | 14,096 | 12,591 | 13,738 | 14,527 | 14,484 | ||
TOTAL ASSETS: | 19,652 | 18,943 | 19,178 | 18,467 | 18,055 | 17,438 | 17,779 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 1,630 | 1,636 | 1,818 | 1,814 | 1,811 | 1,662 | 1,591 | ||
Accounts payable | 519 | 595 | 660 | 676 | 639 | 741 | |||
Employee-related liabilities | 186 | 201 | 187 | 263 | 248 | 155 | |||
Taxes payable | 113 | 87 | 60 | 99 | 147 | 56 | 78 | ||
Interest and dividends payable | 50 | 42 | 48 | 53 | 47 | ||||
Other undisclosed accounts payable and accrued liabilities | 1,517 | 844 | 913 | 827 | 677 | 667 | 571 | ||
Debt | 76 | 99 | 461 | 560 | 1,307 | 1,930 | 1,294 | ||
Derivative instruments and hedges, liabilities | 115 | 83 | |||||||
Due to related parties | 38 | ||||||||
Disposal group, including discontinued operation | 16 | 19 | |||||||
Deferred tax liabilities | ✕ | ✕ | 4 | 3 | |||||
Customer advances and deposits | ✕ | ✕ | ✕ | 195 | 172 | ||||
Other liabilities | 143 | 133 | |||||||
Other undisclosed current liabilities | 113 | 49 | 60 | 99 | 147 | (401) | (313) | ||
Total current liabilities: | 1,819 | 1,821 | 2,338 | 2,489 | 3,283 | 3,648 | 2,963 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 2,937 | 2,907 | 2,967 | 3,402 | 4,918 | 3,949 | 4,825 | ||
Long-term debt, excluding current maturities | 4,918 | 3,949 | 4,825 | ||||||
Operating lease, liability | 297 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
Other undisclosed long-term debt and lease obligation | 2,640 | 2,907 | 2,967 | 3,402 | |||||
Liabilities, other than long-term debt | 2,966 | 2,826 | 1,921 | 2,390 | 2,641 | 3,811 | 3,220 | ||
Customer advances or deposits | ✕ | ✕ | ✕ | 135 | 58 | ||||
Asset retirement obligations | 107 | 94 | |||||||
Deferred tax liabilities, net | ✕ | ✕ | 778 | 767 | 903 | 996 | |||
Deferred income tax liabilities | 811 | 794 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liability for uncertainty in income taxes | 91 | 112 | |||||||
Liability, pension and other postretirement and postemployment benefits | 937 | 692 | |||||||
Accrued environmental loss contingencies | 72 | 78 | |||||||
Due to related parties | 329 | 320 | 384 | ||||||
Other liabilities | 1,827 | 1,712 | 1,537 | 1,612 | 1,873 | 1,557 | 1,188 | ||
Derivative instruments and hedges, liabilities | 11 | 3 | |||||||
Other undisclosed noncurrent liabilities | 775 | (1,351) | (1,037) | ||||||
Total noncurrent liabilities: | 5,903 | 5,734 | 5,664 | 5,793 | 7,559 | 6,409 | 7,008 | ||
Total liabilities: | 7,722 | 7,555 | 8,002 | 8,282 | 10,842 | 10,057 | 9,971 | ||
Temporary equity, carrying amount | 287 | ||||||||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent | 11,556 | 11,054 | 10,858 | 10,086 | 7,080 | 7,249 | 7,366 | ||
Common stock | 249 | 249 | 249 | 249 | 249 | 249 | 249 | ||
Treasury stock, value | (2,023) | (2,030) | (2,089) | (2,164) | (2,227) | (2,360) | (2,477) | ||
Additional paid in capital | 1,062 | 1,071 | 1,029 | 1,001 | 970 | 905 | 842 | ||
Accumulated other comprehensive loss | (2,089) | (2,376) | (1,742) | (1,847) | (2,388) | (2,126) | (1,242) | ||
Retained earnings | 14,357 | 14,138 | 13,410 | 12,847 | 10,476 | 10,580 | 9,993 | ||
Stockholders' equity attributable to noncontrolling interest | 374 | 335 | 319 | 99 | 134 | 132 | 156 | ||
Total stockholders' equity: | 11,930 | 11,388 | 11,176 | 10,186 | 7,213 | 7,381 | 7,521 | ||
TOTAL LIABILITIES AND EQUITY: | 19,652 | 18,943 | 19,178 | 18,467 | 18,055 | 17,438 | 17,779 |
Income statement (P&L) ($ in millions)
12/31/2019 TTM | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | 9/30/2014 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 8,950 | 8,919 | 8,930 | 8,188 | 9,524 | 9,895 | 10,439 | |
Revenue, net | ✕ | ✕ | ✕ | 8,188 | 9,524 | 9,895 | 10,439 | |
Cost of revenue (Cost of Goods and Services Sold) | (5,918) | (5,976) | (6,190) | (5,753) | (6,403) | (6,944) | (7,635) | |
Other undisclosed gross profit | (29) | (29) | ||||||
Gross profit: | 3,003 | 2,914 | 2,741 | 2,434 | 3,122 | 2,951 | 2,804 | |
Operating expenses | (838) | (823) | (825) | (946) | (978) | (1,160) | (1,615) | |
Other operating income, net | 9 | 17 | 15 | 2 | 14 | |||
Other undisclosed operating income (loss) | 86 | 53 | 41 | (78) | (53) | (94) | 125 | |
Operating income: | 2,250 | 2,144 | 1,966 | 1,428 | 2,106 | 1,699 | 1,328 | |
Nonoperating income (expense) | 57 | 67 | 5 | 29 | (22) | (8) | ||
Foreign currency transaction loss, before tax | (22) | (8) | ||||||
Other nonoperating income | 57 | 67 | 5 | 29 | ||||
Interest and debt expense | (118) | (137) | (131) | (121) | (122) | (120) | (125) | |
Income from continuing operations before equity method investments, income taxes: | 2,189 | 2,074 | 1,840 | 1,336 | 1,984 | 1,557 | 1,195 | |
Income from equity method investments | 221 | 215 | 175 | 80 | 149 | 155 | 151 | |
Other undisclosed income from continuing operations before income taxes | 22 | 8 | ||||||
Income from continuing operations before income taxes: | 2,410 | 2,290 | 2,015 | 1,416 | 2,132 | 1,734 | 1,355 | |
Income tax expense | (469) | (480) | (524) | (261) | (587) | (416) | (366) | |
Income from continuing operations: | 1,941 | 1,809 | 1,491 | 1,155 | 1,546 | 1,318 | 989 | |
Income (loss) from discontinued operations | 42 | 1,866 | (884) | 5 | ||||
Net income: | 1,941 | 1,809 | 1,533 | 3,021 | 662 | 1,318 | 993 | |
Net loss attributable to noncontrolling interest | (53) | (49) | (35) | (21) | (30) | (40) | (1) | |
Net income available to common stockholders, diluted: | 1,888 | 1,760 | 1,498 | 3,000 | 631 | 1,278 | 992 |
Comprehensive Income ($ in millions)
12/31/2019 TTM | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | 9/30/2014 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 1,941 | 1,809 | 1,533 | 3,021 | 662 | 1,318 | 993 | |
Other comprehensive income (loss) | (281) | (654) | 87 | 533 | (258) | (895) | (227) | |
Comprehensive income: | 1,660 | 1,156 | 1,619 | 3,554 | 404 | 423 | 766 | |
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (49) | (30) | (16) | (25) | (35) | (29) | 4 | |
Comprehensive income, net of tax, attributable to parent: | 1,611 | 1,126 | 1,603 | 3,530 | 369 | 394 | 770 |
Statements sources
The financial statements are based on the company's filings with the 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.