Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Air Products & Chemicals Inc. (NYSE:APD)

Balance Sheet: Liabilities and Stockholders’ Equity

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

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

US$ in thousands

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Trade creditors 546,200  528,200  924,600  659,500  676,100  638,900 
Contract liabilities 313,800  247,400  156,600  438,900  376,100  195,300 
Dividends payable 296,200  255,700  241,500  207,500  186,900  174,400 
Accrued payroll and employee benefits 196,800  186,100  201,400  187,100  262,600  247,800 
Obligation for future contribution to an equity affiliate 94,400  94,400  —  —  —  — 
Current operating lease liabilities 70,700  —  —  —  —  — 
Derivative instruments 50,900  91,200  54,200  95,900  74,000  114,600 
Pension and postretirement benefits 17,900  26,000  34,100  22,600  35,500  26,100 
Other 246,300  206,700  205,400  202,800  199,400  265,300 
Payables and accrued liabilities 1,833,200  1,635,700  1,817,800  1,814,300  1,810,600  1,662,400 
Accrued income taxes 105,800  86,600  59,600  98,600  146,600  55,800 
Short-term borrowings 7,700  58,200  54,300  144,000  935,800  1,494,300 
Current portion of long-term debt 470,000  40,400  406,600  416,400  371,300  435,600 
Current liabilities of discontinued operations —  —  —  15,700  19,000  — 
Current liabilities 2,416,700  1,820,900  2,338,300  2,489,000  3,283,300  3,648,100 
Long-term debt, excluding current portion 7,132,900  2,907,300  2,967,400  3,402,400  4,918,100  3,949,100 
Long-term debt, related party 297,200  320,100  384,300  —  —  — 
Pension benefits 614,200  651,200  417,200  703,800  1,186,800  860,000 
Postretirement benefits 31,400  36,000  47,000  57,000  74,900  76,500 
Noncurrent operating lease liabilities 335,800  —  —  —  —  — 
Asset retirement obligations 236,200  201,900  189,500  144,000  116,100  106,500 
Long-term accrued income taxes related to U.S. tax reform 190,900  215,400  184,400  —  —  — 
Contingencies related to uncertain tax positions 138,600  123,300  113,200  130,600  95,600  91,100 
Environmental liabilities 73,600  59,100  64,600  72,300  70,300  71,600 
Contract liabilities 57,900  49,200  58,200  39,000  43,800  135,100 
Derivative instruments 34,700  21,200  39,900  36,000  21,800  10,600 
Noncurrent customer liability —  118,000  92,400  62,600  —  — 
Obligation for future contribution to an equity affiliate —  —  94,400  94,400  94,400  67,500 
Obligations associated with Energy-from-Waste —  57,800  63,300  65,300  —  — 
Other 202,700  179,300  172,800  206,900  169,700  137,600 
Other noncurrent liabilities 1,916,000  1,712,400  1,536,900  1,611,900  1,873,400  1,556,500 
Deferred income taxes 962,600  793,800  775,100  778,400  767,100  903,300 
Noncurrent liabilities 10,308,700  5,733,600  5,663,700  5,792,700  7,558,600  6,408,900 
Total liabilities 12,725,400  7,554,500  8,002,000  8,281,700  10,841,900  10,057,000 
Common stock, par value $1 per share 249,400  249,400  249,400  249,400  249,400  249,400 
Capital in excess of par value 1,094,800  1,070,900  1,029,300  1,001,100  970,000  904,700 
Retained earnings 14,875,700  14,138,400  13,409,900  12,846,600  10,475,500  10,580,400 
Accumulated other comprehensive loss (2,140,100) (2,375,600) (1,741,900) (1,847,400) (2,388,300) (2,125,900)
Treasury stock, at cost (2,000,000) (2,029,500) (2,089,200) (2,163,500) (2,227,000) (2,359,600)
Total Air Products shareholders’ equity 12,079,800  11,053,600  10,857,500  10,086,200  7,079,600  7,249,000 
Noncontrolling interests 363,300  334,700  318,800  99,300  133,800  132,100 
Total equity 12,443,100  11,388,300  11,176,300  10,185,500  7,213,400  7,381,100 
Total liabilities and equity 25,168,500  18,942,800  19,178,300  18,467,200  18,055,300  17,438,100 

Based on: 10-K (filing date: 2020-11-19), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-20), 10-K (filing date: 2017-11-16), 10-K (filing date: 2016-11-21), 10-K (filing date: 2015-11-24).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Air Products & Chemicals Inc.’s current liabilities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Air Products & Chemicals Inc.’s noncurrent liabilities increased from 2018 to 2019 and from 2019 to 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Air Products & Chemicals Inc.’s total liabilities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Total Air Products shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Air Products & Chemicals Inc.’s total Air Products shareholders’ equity increased from 2018 to 2019 and from 2019 to 2020.