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)
Annual | Quarterly

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4062,4152,9763,6781,501206337
Cash and cash equivalents2,4062,2492,7913,2741,501206337
Short-term investments 166185404   
Receivables1,2891,2601,2071,1741,4401,4061,486
Inventory, net of allowances, customer advances and progress billings401388396335620658706
Inventory401388396335620658706
Prepaid expense98771301911006788
Derivative instruments and hedges, assets     73107
Disposal group, including discontinued operation   1019  
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕✕   8468
Costs in excess of billings✕✕✕8582111155
Deferred tax assets✕✕   117136
Other current assets526478296403556462523
Other undisclosed current assets  78  (274)(310)
Total current assets:4,7204,6185,0825,8774,3172,9113,295
Noncurrent Assets
Net investment in lease883 ✕✕✕✕✕
Nontrade receivables     3131
Property, plant and equipment10,69210,3389,9248,4408,8539,6379,532
Long-term investments and receivables1,3401,2762,2912,4192,5102,6372,708
Long-term investments1,3401,2761,2771,2871,2881,2661,258
Accounts and financing receivable, after allowance for credit loss     2135
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕✕1,0131,1321,2221,3501,415
Intangible assets, net (including goodwill)1,2321,2171,2271,0901,6381,6401,853
Goodwill8167977897221,1501,1311,237
Intangible assets, net (excluding goodwill)416420439368488508616
Derivative instruments and hedges     24665
Deposits noncurrent assets     4051
Deferred costs     2226
Other noncurrent assets785604655642737635426
Defined benefit plan, assets for plan benefits✕✕✕✕ 423
Deferred tax assets, net✕✕   6957
Other undisclosed noncurrent assets 890   (434)(288)
Total noncurrent assets:14,93214,32514,09612,59113,73814,52714,484
TOTAL ASSETS:19,65218,94319,17818,46718,05517,43817,779
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6301,6361,8181,8141,8111,6621,591
Accounts payable 519595660676639741
Employee-related liabilities 186201187263248155
Taxes payable1138760991475678
Interest and dividends payable  5042485347
Other undisclosed accounts payable and accrued liabilities1,517844913827677667571
Debt76994615601,3071,9301,294
Derivative instruments and hedges, liabilities     11583
Due to related parties 38     
Disposal group, including discontinued operation   1619  
Deferred tax liabilities✕✕   43
Customer advances and deposits✕✕✕  195172
Other liabilities     143133
Other undisclosed current liabilities113496099147(401)(313)
Total current liabilities:1,8191,8212,3382,4893,2833,6482,963
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,9372,9072,9673,4024,9183,9494,825
Long-term debt, excluding current maturities    4,9183,9494,825
Operating lease, liability297 ✕✕✕✕✕
Other undisclosed long-term debt and lease obligation2,6402,9072,9673,402   
Liabilities, other than long-term debt2,9662,8261,9212,3902,6413,8113,220
Customer advances or deposits✕✕✕  13558
Asset retirement obligations     10794
Deferred tax liabilities, net✕✕ 778767903996
Deferred income tax liabilities811794✕✕✕✕✕
Liability for uncertainty in income taxes     91112
Liability, pension and other postretirement and postemployment benefits     937692
Accrued environmental loss contingencies     7278
Due to related parties329320384    
Other liabilities1,8271,7121,5371,6121,8731,5571,188
Derivative instruments and hedges, liabilities     113
Other undisclosed noncurrent liabilities  775  (1,351)(1,037)
Total noncurrent liabilities:5,9035,7345,6645,7937,5596,4097,008
Total liabilities:7,7227,5558,0028,28210,84210,0579,971
Temporary equity, carrying amount      287
Stockholders' equity
Stockholders' equity attributable to parent11,55611,05410,85810,0867,0807,2497,366
Common stock249249249249249249249
Treasury stock, value(2,023)(2,030)(2,089)(2,164)(2,227)(2,360)(2,477)
Additional paid in capital1,0621,0711,0291,001970905842
Accumulated other comprehensive loss(2,089)(2,376)(1,742)(1,847)(2,388)(2,126)(1,242)
Retained earnings14,35714,13813,41012,84710,47610,5809,993
Stockholders' equity attributable to noncontrolling interest37433531999134132156
Total stockholders' equity:11,93011,38811,17610,1867,2137,3817,521
TOTAL LIABILITIES AND EQUITY:19,65218,94319,17818,46718,05517,43817,779

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues8,9508,9198,9308,1889,5249,89510,439
Revenue, net✕✕✕8,1889,5249,89510,439
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:3,0032,9142,7412,4343,1222,9512,804
Operating expenses(838)(823)(825)(946)(978)(1,160)(1,615)
Other operating income, net  91715214
Other undisclosed operating income (loss)865341(78)(53)(94)125
Operating income:2,2502,1441,9661,4282,1061,6991,328
Nonoperating income (expense)5767529 (22)(8)
Foreign currency transaction loss, before tax     (22)(8)
Other nonoperating income5767529   
Interest and debt expense(118)(137)(131)(121)(122)(120)(125)
Income from continuing operations before equity method investments, income taxes:2,1892,0741,8401,3361,9841,5571,195
Income from equity method investments22121517580149155151
Other undisclosed income from continuing operations before income taxes     228
Income from continuing operations before income taxes:2,4102,2902,0151,4162,1321,7341,355
Income tax expense(469)(480)(524)(261)(587)(416)(366)
Income from continuing operations:1,9411,8091,4911,1551,5461,318989
Income (loss) from discontinued operations  421,866(884) 5
Net income:1,9411,8091,5333,0216621,318993
Net loss attributable to noncontrolling interest(53)(49)(35)(21)(30)(40)(1)
Net income available to common stockholders, diluted:1,8881,7601,4983,0006311,278992

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income:1,9411,8091,5333,0216621,318993
Other comprehensive income (loss)(281)(654)87533(258)(895)(227)
Comprehensive income:1,6601,1561,6193,554404423766
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:1,6111,1261,6033,530369394770

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.

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