Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Air Products & Chemicals Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Jun 30, 2021	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
Cash and cash items	4,291,600)	5,786,300)	5,788,000)	5,253,000)	3,921,400)	2,220,100)	2,406,100)	2,248,700)	2,696,800)	2,735,900)	2,923,300)	2,791,300)	2,986,500)	3,066,900)	2,722,600)	3,273,600)	2,332,600)	1,869,300)	655,500)	1,501,300)	514,800)	313,100)	279,100)	206,400)	215,300)	195,700)	238,800)
Short-term investments	1,524,900)	409,200)	412,000)	1,104,900)	2,515,700)	—)	—)	166,000)	—)	2,600)	12,300)	184,700)	7,300)	137,000)	407,100)	404,000)	1,016,100)	1,423,200)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Trade receivables, net	1,419,300)	1,388,900)	1,419,700)	1,274,800)	1,409,700)	1,399,400)	1,288,600)	1,260,200)	1,340,700)	1,258,500)	1,268,200)	1,207,200)	1,227,600)	1,252,300)	1,233,400)	1,174,000)	1,101,200)	1,176,300)	1,063,300)	1,439,900)	1,563,200)	1,373,300)	1,288,500)	1,406,200)	1,440,800)	1,381,400)	1,430,400)
Inventories	447,200)	430,300)	422,900)	404,800)	410,900)	399,700)	400,600)	388,300)	408,300)	408,300)	403,400)	396,100)	322,100)	339,900)	347,400)	335,400)	293,300)	322,800)	330,700)	619,900)	611,100)	649,800)	665,600)	657,800)	681,900)	693,300)	709,700)
Prepaid expenses	132,300)	206,800)	178,500)	164,500)	185,900)	129,600)	98,300)	77,400)	97,200)	102,400)	74,900)	129,600)	104,100)	131,200)	177,700)	191,400)	79,000)	61,900)	68,600)	99,600)	80,300)	85,100)	59,200)	67,300)	63,400)	114,900)	76,400)
Other receivables and current assets	561,500)	545,100)	588,700)	482,900)	562,900)	539,700)	526,100)	477,700)	372,200)	387,500)	407,800)	373,300)	407,900)	469,000)	457,100)	488,100)	515,000)	430,800)	570,500)	637,200)	590,600)	589,500)	486,600)	573,100)	700,900)	729,200)	681,900)
Current assets of discontinued operations	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	10,200)	10,200)	9,800)	9,800)	860,200)	19,400)	18,800)	20,400)	—)	—)	—)	—)	—)
Current assets	8,376,800)	8,766,600)	8,809,800)	8,684,900)	9,006,500)	4,688,500)	4,719,700)	4,618,300)	4,915,200)	4,895,200)	5,089,900)	5,082,200)	5,055,500)	5,396,300)	5,355,500)	5,876,700)	5,347,000)	5,294,100)	3,548,800)	4,317,300)	3,378,800)	3,031,200)	2,779,000)	2,910,800)	3,102,300)	3,114,500)	3,137,200)
Investment in net assets of and advances to equity affiliates	1,577,700)	1,538,200)	1,520,400)	1,432,200)	1,346,100)	1,314,600)	1,339,900)	1,276,200)	1,290,400)	1,279,300)	1,242,400)	1,277,200)	1,259,300)	1,305,600)	1,258,000)	1,286,900)	1,244,700)	1,296,300)	1,254,700)	1,288,100)	1,270,400)	1,264,300)	1,262,400)	1,265,700)	1,244,200)	1,223,900)	1,252,200)
Plant and equipment, at cost	27,181,200)	26,438,500)	26,308,100)	25,176,200)	24,198,000)	23,005,200)	23,099,800)	22,333,700)	22,425,600)	21,986,300)	21,586,500)	21,490,200)	21,387,500)	20,522,500)	20,040,000)	19,547,800)	19,176,300)	18,716,200)	18,273,800)	20,190,100)	19,967,100)	19,961,800)	20,443,200)	20,354,600)	20,472,400)	19,981,800)	20,256,500)
Accumulated depreciation	(14,145,600)	(13,810,200)	(13,791,000)	(13,211,500)	(12,729,100)	(12,381,500)	(12,407,600)	(11,996,100)	(11,998,000)	(11,792,500)	(11,626,700)	(11,566,500)	(11,485,500)	(11,704,800)	(11,408,100)	(11,107,600)	(10,859,300)	(10,518,000)	(10,243,500)	(11,337,400)	(11,168,500)	(11,107,700)	(10,824,200)	(10,717,700)	(10,751,600)	(10,495,900)	(10,648,900)
Plant and equipment, net	13,035,600)	12,628,300)	12,517,100)	11,964,700)	11,468,900)	10,623,700)	10,692,200)	10,337,600)	10,427,600)	10,193,800)	9,959,800)	9,923,700)	9,902,000)	8,817,700)	8,631,900)	8,440,200)	8,317,000)	8,198,200)	8,030,300)	8,852,700)	8,798,600)	8,854,100)	9,619,000)	9,636,900)	9,720,800)	9,485,900)	9,607,600)
Goodwill, net	931,500)	914,700)	923,900)	891,500)	799,300)	785,300)	816,100)	797,100)	820,400)	811,900)	780,400)	788,900)	794,100)	815,000)	790,800)	721,500)	705,100)	827,200)	811,100)	1,150,200)	1,135,200)	1,150,600)	1,115,400)	1,131,300)	1,163,800)	1,155,400)	1,200,700)
Intangible assets, net	444,000)	449,100)	452,500)	435,800)	380,900)	377,900)	415,900)	419,500)	441,100)	418,600)	416,900)	438,500)	449,000)	444,400)	429,100)	368,300)	363,800)	377,600)	376,700)	488,000)	491,200)	499,900)	491,000)	508,300)	541,500)	553,400)	585,200)
Noncurrent lease receivables	763,800)	789,200)	816,200)	816,300)	820,600)	840,800)	883,200)	890,000)	938,400)	974,700)	985,900)	1,013,300)	1,058,200)	1,128,500)	1,126,000)	1,131,800)	1,139,300)	1,147,900)	1,162,600)	1,221,700)	1,245,600)	1,291,500)	1,319,400)	1,350,200)	1,375,100)	1,373,900)	1,397,600)
Other noncurrent assets	1,122,700)	1,072,800)	1,048,200)	943,100)	959,800)	870,400)	784,600)	604,100)	698,800)	671,000)	666,700)	654,500)	687,900)	603,600)	617,500)	641,800)	736,900)	730,200)	772,000)	737,300)	763,700)	719,200)	674,100)	634,900)	523,800)	586,800)	454,900)
Noncurrent assets	17,875,300)	17,392,300)	17,278,300)	16,483,600)	15,775,600)	14,812,700)	14,931,900)	14,324,500)	14,616,700)	14,349,300)	14,052,100)	14,096,100)	14,150,500)	13,114,800)	12,853,300)	12,590,500)	12,506,800)	12,577,400)	12,407,400)	13,738,000)	13,704,700)	13,779,600)	14,481,300)	14,527,300)	14,569,200)	14,379,300)	14,498,200)
Total assets	26,252,100)	26,158,900)	26,088,100)	25,168,500)	24,782,100)	19,501,200)	19,651,600)	18,942,800)	19,531,900)	19,244,500)	19,142,000)	19,178,300)	19,206,000)	18,511,100)	18,208,800)	18,467,200)	17,853,800)	17,871,500)	15,956,200)	18,055,300)	17,083,500)	16,810,800)	17,260,300)	17,438,100)	17,671,500)	17,493,800)	17,635,400)

Cash and Cash Items: The cash position demonstrates significant growth over the observed periods. Starting at approximately $239 million at the end of 2014, cash increased markedly to exceed $5.7 billion by mid-2021. Notably, there was a steep rise from 2016 onward, with occasional fluctuations but maintaining a generally upward trend reflecting enhanced liquidity.
Short-term Investments: Short-term investments show sporadic availability and fluctuations, with data missing in early years. Available figures post-2016 exhibit variability, with values generally below the cash balances. These investments peaked near $2.5 billion in late 2020 but fluctuated subsequently, suggesting a flexible investment approach in liquid assets.
Trade Receivables, Net: Trade receivables exhibit a moderate increasing trend overall, with some volatility. Beginning near $1.43 billion in late 2014, receivables declined in 2016 but gradually recovered and rose to approximately $1.42 billion by mid-2021. This pattern may indicate changes in credit terms or sales volume over time.
Inventories: Inventory levels declined from approximately $710 million in late 2014 to a lower range around $330 million into 2016, reflecting possibly a reduced stock holding or efficiency gains. From 2016 onwards, inventories gradually increased again, reaching about $447 million by mid-2021, signaling either higher production or increased stockpiling.
Prepaid Expenses: Prepaid expenses fluctuated markedly, ranging from $59 million to $191 million with no clear long-term trend. Spikes were observed in early 2017 accompanied by a subsequent decline, before stabilizing around $130 million to $200 million in recent periods.
Other Receivables and Current Assets: These items showed some volatility over time but remained within the $370 million to $680 million range. A downward trend appeared from early 2017 through 2019, with a partial recovery thereafter, suggesting variations in miscellaneous current assets.
Current Assets of Discontinued Operations: Information is limited to a few early periods, indicating the presence of current assets related to discontinued operations mainly around 2015-2016. The amounts were modest and ceased to appear in later data, implying the discontinuation of related business activities.
Total Current Assets: Current assets overall increased gradually from $3.14 billion at the end of 2014 to a peak near $9 billion in late 2020, after which it slightly declined but remained substantial around $8.4 billion by mid-2021. This growth reflects increases in cash, receivables, and other liquid assets.
Investment in Net Assets of and Advances to Equity Affiliates: These investments remained relatively stable between $1.2 billion and $1.6 billion, showing mild growth over time. Minor fluctuations suggest steady strategic equity participation without major acquisitions or divestitures in affiliates.
Plant and Equipment, at Cost: The gross value of plant and equipment demonstrated steady growth from approximately $20.3 billion in late 2014 to about $27.2 billion by mid-2021, indicating consistent capital expenditure and asset expansion. Periodic dips occurred during 2016 but the overall trend was upward.
Accumulated Depreciation: Accumulated depreciation progressively increased from roughly $10.6 billion (negative in the data as a contra account) in 2014 to about $14.1 billion in mid-2021, reflecting ongoing asset usage and aging consistent with the expansion of gross plant and equipment.
Plant and Equipment, Net: Net plant and equipment started near $9.6 billion at the end of 2014, experienced a decline to $8 billion in 2016, then steadily increased to approximately $13 billion by mid-2021. This pattern suggests asset retirements or impairments followed by renewed investment and asset additions.
Goodwill, Net: Goodwill balances generally decreased from about $1.2 billion in late 2014 to around $780 million in 2016, then fluctuated near $800 to $930 million, ending near $930 million in mid-2021. This could reflect impairments or adjustments balanced by occasional acquisitions.
Intangible Assets, Net: Intangible assets were relatively stable in the range $490 million down to about $370 million around 2016, with modest increases noted later, reaching approximately $444 million by mid-2021. The trends indicate limited changes in recorded intangible assets.
Noncurrent Lease Receivables: Lease receivables steadily declined from $1.4 billion in late 2014 to approximately $760 million by mid-2021. This downward trend points to either lease terminations, amortizations, or decreased leasing activities.
Other Noncurrent Assets: Other noncurrent assets rose from about $455 million in 2014 to $1.1 billion by mid-2021, showing steady growth indicating potentially increased long-term investments or deferred charges.
Total Noncurrent Assets: Noncurrent assets contracted from approximately $14.5 billion in late 2014 down to $12.4 billion around 2016, before rebounding strongly to approximately $17.9 billion by mid-2021. The dip correlates with the decline in net plant and equipment and lease receivables, followed by renewed investments and asset accumulation.
Total Assets: Total assets showed moderate variability, declining from about $17.6 billion in 2014 to a low near $15.9 billion in 2016, then increasing steadily to reach approximately $26.3 billion by mid-2021. This represents an overall expansion of the asset base, driven mainly by increases in current assets and plant assets in later years.

Assets: Selected Items

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Current Assets: Selected Items

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Air Products & Chemicals Inc. (NYSE:APD)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data