Air Products and Chemicals, Inc. (APD) financial statements (2022 and earlier)

Company profile

Business Address 1940 AIR PRODUCTS BLVD.
ALLENTOWN, PA 18106-5500
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)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6825,8016,3582,4152,9763,6781,501
Cash and cash equivalents2,9544,4695,2532,2492,7913,2741,501
Short-term investments7291,3321,105166185404 
Receivables1,6941,4511,2751,2601,2071,1741,440
Inventory, net of allowances, customer advances and progress billings487454405388396335620
Inventory487454405388396335620
Prepaid expense13511916577130191100
Disposal group, including discontinued operation     1019
Costs in excess of billings8582
Other current assets485551483478296403556
Other undisclosed current assets    78  
Total current assets:6,4848,3768,6854,6185,0825,8774,317
Noncurrent Assets
Net investment in lease724 816 
Property, plant and equipment13,62513,25511,96510,3389,9248,4408,853
Long-term investments and receivables3,3291,6491,4321,2762,2912,4192,510
Long-term investments3,3291,6491,4321,2761,2771,2871,288
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases1,0131,1321,222
Intangible assets, net (including goodwill)1,3421,3321,3271,2171,2271,0901,638
Goodwill9239128927977897221,150
Intangible assets, net (excluding goodwill)419421436420439368488
Other noncurrent assets1,6221,507943604655642737
Other undisclosed noncurrent assets 740 890   
Total noncurrent assets:20,64218,48316,48414,32514,09612,59113,738
TOTAL ASSETS:27,12526,85925,16918,94319,17818,46718,055
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,3112,2181,8331,6361,8181,8141,811
Accounts payable 737546519595660676
Employee-related liabilities 221197186201187263
Taxes payable12094106876099147
Interest and dividends payable    504248
Other undisclosed accounts payable and accrued liabilities2,1911,166984844913827677
Debt200487478994615601,307
Due to related parties 844138   
Disposal group, including discontinued operation     1619
Other undisclosed current liabilities1201065496099147
Total current liabilities:2,6302,7992,4171,8212,3382,4893,283
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,8936,8767,1332,9072,9673,4024,918
Long-term debt, excluding current maturities      4,918
Other undisclosed long-term debt and lease obligation6,8936,8767,1332,9072,9673,402 
Liabilities, other than long-term debt3,2273,0963,1762,8261,9212,3902,641
Deferred tax liabilities, net 778767
Deferred income tax liabilities1,2101,181963794
Due to related parties285275297320384  
Other liabilities1,7321,6411,9161,7121,5371,6121,873
Other undisclosed noncurrent liabilities    775  
Total noncurrent liabilities:10,1209,97210,3095,7345,6645,7937,559
Total liabilities:12,75012,77112,7257,5558,0028,28210,842
Stockholders' equity
Stockholders' equity attributable to parent13,82513,54012,08011,05410,85810,0867,080
Common stock249249249249249249249
Treasury stock, value(1,989)(1,988)(2,000)(2,030)(2,089)(2,164)(2,227)
Additional paid in capital1,1121,1161,0951,0711,0291,001970
Accumulated other comprehensive loss(1,452)(1,516)(2,140)(2,376)(1,742)(1,847)(2,388)
Retained earnings15,90515,67814,87614,13813,41012,84710,476
Stockholders' equity attributable to noncontrolling interest55154836333531999134
Total stockholders' equity:14,37614,08812,44311,38811,17610,1867,213
TOTAL LIABILITIES AND EQUITY:27,12526,85925,16918,94319,17818,46718,055

Income statement (P&L) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues10,94210,3238,8568,9198,9308,1889,524
Revenue, net8,1889,524
Cost of revenue
(Cost of Goods and Services Sold)
(7,777)(7,186)(5,858)(5,976)(6,190)(5,753)(6,403)
Other undisclosed gross profit   (29)   
Gross profit:3,1653,1372,9982,9142,7412,4343,122
Operating expenses(952)(922)(860)(823)(825)(946)(978)
Other operating income, net    91715
Other undisclosed operating income (loss)5266995341(78)(53)
Operating income:2,2652,2812,2382,1441,9661,4282,106
Nonoperating income
(Other Nonoperating income)
78743167529 
Interest and debt expense(136)(142)(109)(137)(131)(121)(122)
Income from continuing operations before equity method investments, income taxes:2,2072,2132,1592,0741,8401,3361,984
Income from equity method investments37329426521517580149
Income from continuing operations before income taxes:2,5802,5072,4242,2902,0151,4162,132
Income tax expense(462)(463)(478)(480)(524)(261)(587)
Income from continuing operations:2,1182,0451,9451,8091,4911,1551,546
Income (loss) from discontinued operations6070(14) 421,866(884)
Net income:2,1782,1151,9311,8091,5333,021662
Net loss attributable to noncontrolling interest(0)(16)(44)(49)(35)(21)(30)
Net income available to common stockholders, diluted:2,1782,0991,8871,7601,4983,000631

Comprehensive Income ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:2,1782,1151,9311,8091,5333,021662
Other comprehensive income (loss)291663234(654)87533(258)
Comprehensive income:2,4692,7782,1651,1561,6193,554404
Comprehensive loss, net of tax, attributable to noncontrolling interest(31)(55)(42)(30)(16)(25)(35)
Comprehensive income, net of tax, attributable to parent:2,4392,7232,1221,1261,6033,530369

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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