Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

This company has been moved to the archive! The financial data has not been updated since August 9, 2021.

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Air Products & Chemicals Inc., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Sales 8,856,300 8,918,900 8,930,200 8,187,600 9,524,400 9,894,900
Cost of sales (5,858,100) (5,975,500) (6,189,500) (5,753,400) (6,402,700) (6,944,100)
Facility closure (29,000)
Gross profit 2,998,200 2,914,400 2,740,700 2,434,200 3,121,700 2,950,800
Selling and administrative (775,900) (750,000) (760,800) (715,600) (849,300) (941,700)
Research and development (83,900) (72,900) (64,500) (57,800) (132,000) (138,800)
Business separation costs (30,200) (52,200) (7,500)
Cost reduction actions (25,500) (151,400) (33,900) (207,700)
Pension settlement loss (10,500) (6,400) (21,200)
Goodwill and intangible asset impairment charge (162,100)
Gain on exchange of equity affiliate investments 29,100 17,900
Company headquarters relocation income 33,800
Other income (expense), net 65,400 49,300 50,200 121,000 58,100 47,300
Operating income 2,237,600 2,144,400 1,965,600 1,427,600 2,106,000 1,699,100
Equity affiliates’ income 264,800 215,400 174,800 80,100 148,600 154,500
Interest expense (109,300) (137,000) (130,500) (120,600) (115,500) (103,500)
Other non-operating income (expense), net 30,700 66,700 5,100 29,000
Loss on extinguishment of debt (6,900) (16,600)
Income from continuing operations before taxes 2,423,800 2,289,500 2,015,000 1,416,100 2,132,200 1,733,500
Income tax provision (478,400) (480,100) (524,300) (260,900) (586,500) (415,900)
Income from continuing operations 1,945,400 1,809,400 1,490,700 1,155,200 1,545,700 1,317,600
Income (loss) from discontinued operations, net of tax (14,300) 42,200 1,866,000 (884,200)
Net income 1,931,100 1,809,400 1,532,900 3,021,200 661,500 1,317,600
Net income attributable to noncontrolling interests (44,400) (49,400) (35,100) (20,800) (30,400) (39,700)
Net income attributable to Air Products 1,886,700 1,760,000 1,497,800 3,000,400 631,100 1,277,900

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

Income statement item Description The company
Sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Air Products & Chemicals Inc. sales decreased from 2018 to 2019 and from 2019 to 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. Air Products & Chemicals Inc. operating income increased from 2018 to 2019 and from 2019 to 2020.
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. income from continuing operations before taxes increased from 2018 to 2019 and from 2019 to 2020.
Net income 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. net income attributable to Air Products increased from 2018 to 2019 and from 2019 to 2020.