Stock Analysis on Net
Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

Common-Size Income Statement
Quarterly Data

Beginner level

Air Products & Chemicals Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014
Sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -69.76 -68.73 -67.52 -65.12 -65.88 -65.93 -65.29 -65.92 -67.41 -69.42 -68.11 -68.41 -69.88 -70.91 -70.14 -70.04 -70.90 -70.02 -66.94 -67.34 -66.88 -67.73 -69.29 -69.48 -70.39 -71.50
Facility closure -0.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Gross profit 29.31% 31.27% 32.48% 34.88% 34.12% 34.07% 34.71% 34.08% 32.59% 29.27% 31.89% 31.59% 30.12% 29.09% 29.86% 29.96% 29.10% 29.98% 33.06% 32.66% 33.12% 32.27% 30.71% 30.52% 29.61% 28.50%
Selling and administrative -8.41 -8.53 -8.43 -8.57 -9.10 -8.95 -7.97 -8.48 -8.68 -8.53 -8.09 -8.35 -9.03 -8.64 -8.51 -8.70 -8.98 -8.80 -8.88 -8.71 -9.12 -8.97 -8.18 -9.80 -9.98 -10.08
Research and development -0.84 -0.99 -1.17 -0.96 -0.87 -0.79 -1.00 -0.81 -0.77 -0.67 -0.89 -0.66 -0.67 -0.66 -0.60 -0.69 -0.75 -0.80 -1.35 -1.40 -1.44 -1.36 -1.36 -1.37 -1.50 -1.38
Business separation costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.60 -0.95 -0.39 -0.33 -0.51 -0.31 0.00 0.00 0.00
Cost reduction actions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.15 0.00 0.00 0.00 0.00 0.00 0.00 -2.20 -2.01 -0.52 -2.66 -0.45 -0.58 -0.38 0.00 -2.52 -2.36 -2.29 -1.27
Pension settlement loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.04 -0.26 -0.21 0.00 -0.11 -0.04 -0.11 0.00 -0.29 -0.06 -0.52 0.00
Goodwill and intangible asset impairment charge 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -7.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Gain on exchange with joint venture partner 1.47 0.00 0.00 0.00 0.00 0.00 0.00 1.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.70
Company headquarters relocation income 0.00 0.00 0.00 0.00 1.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other income (expense), net 0.39 0.95 1.26 0.76 0.37 0.55 0.68 0.66 0.48 0.39 0.30 0.26 0.71 1.00 2.18 1.24 1.11 1.31 0.89 0.44 0.86 0.25 1.22 0.18 0.19 0.32
Operating income 21.92% 22.70% 24.15% 26.11% 26.04% 24.88% 26.42% 25.62% 23.61% 20.46% 23.22% 22.83% 21.13% 20.78% 20.68% 11.90% 19.76% 17.43% 22.21% 21.98% 22.60% 21.67% 19.28% 17.10% 15.51% 16.79%
Equity affiliates’ income (loss) 2.79 2.92 2.90 2.48 3.98 2.58 2.62 2.54 2.11 2.38 2.58 2.57 2.03 0.62 2.03 -1.74 1.73 2.02 1.62 1.74 1.43 1.43 1.47 1.72 1.37 1.68
Interest expense -1.44 -1.55 -1.69 -1.55 -0.87 -0.83 -1.32 -1.54 -1.62 -1.68 -1.54 -1.54 -1.41 -1.34 -1.40 -1.40 -1.54 -1.57 -1.32 -1.44 -1.13 -0.94 -0.93 -1.14 -0.97 -1.14
Other non-operating income (expense), net 0.67 0.78 0.28 0.39 0.32 0.40 0.74 0.79 0.63 0.83 -1.24 0.57 0.51 0.44 0.43 0.46 0.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loss on extinguishment of debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.28 0.00 0.00 0.00 -0.68 0.00 0.00 0.00
Income from continuing operations before taxes 23.94% 24.85% 25.63% 27.43% 29.47% 27.04% 28.46% 27.41% 24.73% 21.99% 23.01% 24.43% 22.26% 20.50% 21.75% 9.22% 20.43% 17.88% 22.23% 22.28% 22.90% 22.16% 19.14% 17.68% 15.90% 17.34%
Income tax provision -4.87 -4.80 -4.31 -5.29 -6.70 -5.35 -5.75 -4.91 -4.91 -5.94 -3.01 -4.74 -2.61 -13.16 0.06 -4.21 -4.77 -4.16 -5.63 -7.37 -5.83 -5.77 -4.85 -4.19 -3.61 -4.16
Income from continuing operations 19.07% 20.06% 21.32% 22.13% 22.77% 21.68% 22.72% 22.49% 19.82% 16.05% 20.00% 19.69% 19.65% 7.34% 21.81% 5.01% 15.66% 13.72% 16.60% 14.91% 17.07% 16.39% 14.29% 13.49% 12.30% 13.18%
Income (loss) from discontinued operations, net of tax 0.00 0.43 0.00 0.00 -0.65 0.00 0.00 0.00 0.00 0.00 0.00 1.91 0.00 -0.05 -0.25 -0.11 92.20 2.56 -0.32 -0.37 -37.56 -0.60 0.00 0.00 0.00 0.00
Net income (loss) 19.07% 20.49% 21.32% 22.13% 22.13% 21.68% 22.72% 22.49% 19.82% 16.05% 20.00% 21.60% 19.65% 7.29% 21.56% 4.91% 107.86% 16.28% 16.28% 14.55% -20.50% 15.79% 14.29% 13.49% 12.30% 13.18%
Net income attributable to noncontrolling interests -0.16 -0.20 -0.34 -0.51 -0.57 -0.59 -0.68 -0.55 -0.56 -0.43 -0.30 -0.62 -0.33 -0.32 -0.29 -0.10 -0.29 -0.35 -0.28 -0.30 -0.34 -0.36 -0.22 -0.58 -0.29 -0.50
Net income (loss) attributable to Air Products 18.91% 20.29% 20.98% 21.62% 21.56% 21.09% 22.04% 21.94% 19.26% 15.63% 19.70% 20.98% 19.32% 6.97% 21.27% 4.80% 107.57% 15.93% 16.00% 14.25% -20.84% 15.43% 14.06% 12.91% 12.01% 12.68%

Based on: 10-Q (filing date: 2021-05-10), 10-Q (filing date: 2021-02-04), 10-K (filing date: 2020-11-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Air Products & Chemicals Inc.’s operating income as a percentage of sales decreased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Income from continuing operations before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Air Products & Chemicals Inc.’s income from continuing operations before taxes as a percentage of sales decreased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Net income (loss) attributable to Air Products The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Air Products & Chemicals Inc.’s net income (loss) attributable to Air Products as a percentage of sales decreased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.