Stock Analysis on Net
Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

$22.49

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

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Air Products & Chemicals Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Trade creditors
Contract liabilities
Dividends payable
Accrued payroll and employee benefits
Obligation for future contribution to an equity affiliate
Current operating lease liabilities
Derivative instruments
Pension and postretirement benefits
Other
Payables and accrued liabilities
Accrued income taxes
Short-term borrowings
Current portion of long-term debt
Current liabilities of discontinued operations
Current liabilities
Long-term debt, excluding current portion
Long-term debt, related party
Pension benefits
Postretirement benefits
Noncurrent operating lease liabilities
Asset retirement obligations
Long-term accrued income taxes related to U.S. tax reform
Contingencies related to uncertain tax positions
Environmental liabilities
Contract liabilities
Derivative instruments
Noncurrent customer liability
Obligation for future contribution to an equity affiliate
Obligations associated with Energy-from-Waste
Other
Other noncurrent liabilities
Deferred income taxes
Noncurrent liabilities
Total liabilities
Common stock, par value $1 per share
Capital in excess of par value
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Total Air Products shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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).

Trade Creditors
The trade creditors showed moderate fluctuation, peaking at US$924.6 million in 2018, followed by a significant drop in 2019 to US$528.2 million, and then a slight increase in 2020.
Contract Liabilities
Contract liabilities displayed an irregular pattern with a marked increase in 2017, a steep decline in 2018, and a recovery trend in subsequent years.
Dividends Payable
There was a consistent upward trend in dividends payable from US$174.4 million in 2015 to US$296.2 million in 2020, indicating rising dividend commitments.
Accrued Payroll and Employee Benefits
This liability decreased notably from 2016 to 2017, recovered somewhat in following years but remained below initial levels, suggesting a potential restructuring or cost control in payroll obligations.
Derivative Instruments (Current and Noncurrent)
Current derivative instruments liabilities fell sharply from 2015 to 2020, while noncurrent derivatives increased moderately but remained relatively small in value.
Pension and Postretirement Benefits
Pension benefits liabilities peaked in 2016 at US$1.1868 billion then declined significantly by 2018, with some increase afterward. Postretirement benefits consistently declined over the period, reflecting ongoing reductions or settlements.
Payables and Accrued Liabilities
This category remained stable between 2015 and 2018, then declined in 2019 before rising sharply again in 2020 to US$1.83 billion.
Accrued Income Taxes
Accrued income taxes showed volatility, peaking in 2016 and dipping in 2018, followed by moderate increases in 2019 and 2020.
Short-term Borrowings
There was a significant reduction in short-term borrowings from 2015 (US$1.49 billion) to 2020 (US$7.7 million), indicating improved short-term liquidity or debt restructuring.
Current Portion of Long-term Debt
Values fluctuated without a clear trend, notably dropping sharply in 2019 and rebounding in 2020.
Current Liabilities
Current liabilities decreased substantially from 2015 to 2019, suggesting improved working capital management, but rose significantly again in 2020.
Long-term Debt, Excluding Current Portion
This liability showed a major spike in 2020 to over US$7.13 billion, more than doubling from prior years, indicating substantial long-term borrowing or refinancing activity.
Long-term Debt, Related Party
Related party long-term debt appeared only after 2017, showing a decreasing trend from US$384.3 million in 2018 to US$297.2 million in 2020.
Asset Retirement Obligations
These obligations steadily increased over the period, reaching US$236.2 million in 2020, which may reflect growing environmental commitments or asset retirement costs.
Contingencies and Environmental Liabilities
Contingencies related to uncertain tax positions generally increased, while environmental liabilities fluctuated slightly but remained relatively stable overall.
Other Noncurrent Liabilities
Other long-term liabilities rose steadily, reaching nearly US$1.92 billion in 2020, contributing significantly to total noncurrent liabilities.
Deferred Income Taxes
Deferred income taxes declined during the initial years but rebounded strongly by 2020, reaching a high of US$962.6 million.
Noncurrent Liabilities
Noncurrent liabilities decreased between 2016 and 2019, then surged sharply in 2020 to over US$10.3 billion, largely driven by the increase in long-term debt.
Total Liabilities
Total liabilities peaked in 2016 at US$10.84 billion, then declined steadily until 2019, followed by a substantial increase to US$12.73 billion in 2020, indicating a significant rise in the company’s obligations.
Equity Components
Common stock remained constant, while capital in excess of par value exhibited steady growth, reflecting additional paid-in capital increases. Retained earnings grew consistently, indicating profitability and earnings retention.
Accumulated Other Comprehensive Loss
This loss category fluctuated during the years, generally remaining negative and showing considerable variation, which could reflect changes in unrealized gains or losses on financial instruments or pension adjustments.
Treasury Stock
The cost of treasury stock declined steadily, showing ongoing repurchases or changes in treasury stock valuation.
Total Shareholders’ Equity and Total Equity
Both metrics showed growth over the period, with equity increasing from approximately US$7.24 billion in 2015 to US$12.44 billion in 2020, marking strengthened ownership interests despite fluctuations in other comprehensive loss.
Total Liabilities and Equity
The combined total rose over time, with a marked increase in 2020 to over US$25 billion, aligning with the sharp rises in liabilities and equity, indicating substantial growth in the company’s balance sheet size.