Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (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
Payables and accrued liabilities	2,118,400)	2,042,200)	1,962,200)	1,833,200)	1,668,500)	1,649,100)	1,630,000)	1,635,700)	1,543,200)	1,513,700)	1,738,300)	1,817,800)	1,968,400)	1,551,600)	1,609,500)	1,814,300)	1,534,300)	1,490,600)	1,677,500)	1,810,600)	1,778,000)	1,470,600)	1,533,500)	1,662,400)	1,700,600)	1,606,900)	1,585,100)
Accrued income taxes	78,800)	86,700)	108,400)	105,800)	83,600)	90,400)	113,400)	86,600)	65,600)	70,700)	111,900)	59,600)	46,000)	76,600)	110,100)	98,600)	323,000)	544,800)	133,700)	146,600)	101,400)	77,200)	91,600)	55,800)	45,600)	55,700)	79,100)
Short-term borrowings	14,300)	15,400)	9,200)	7,700)	14,300)	29,000)	36,500)	58,200)	79,900)	54,100)	23,000)	54,300)	90,400)	112,500)	87,100)	144,000)	143,400)	122,300)	156,100)	935,800)	1,043,000)	1,480,900)	1,539,400)	1,494,300)	1,087,800)	1,261,000)	1,283,500)
Current portion of long-term debt	485,600)	873,100)	906,100)	470,000)	824,600)	38,400)	39,100)	40,400)	466,500)	434,500)	430,300)	406,600)	5,000)	11,600)	11,300)	416,400)	416,000)	420,500)	873,300)	371,300)	715,100)	763,900)	407,900)	435,600)	84,900)	157,700)	54,200)
Current liabilities of discontinued operations	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	13,600)	15,700)	16,500)	24,100)	89,200)	19,000)	21,400)	46,500)	—)	—)	—)	—)	—)
Current liabilities	2,697,100)	3,017,400)	2,985,900)	2,416,700)	2,591,000)	1,806,900)	1,819,000)	1,820,900)	2,155,200)	2,073,000)	2,303,500)	2,338,300)	2,109,800)	1,752,300)	1,831,600)	2,489,000)	2,433,200)	2,602,300)	2,929,800)	3,283,300)	3,658,900)	3,839,100)	3,572,400)	3,648,100)	2,918,900)	3,081,300)	3,001,900)
Long-term debt, excluding current portion	6,892,200)	6,804,600)	6,779,100)	7,132,900)	7,073,200)	2,922,100)	2,937,000)	2,907,300)	2,951,700)	2,933,000)	2,954,400)	2,967,400)	3,377,100)	3,442,400)	3,414,900)	3,402,400)	3,366,600)	3,300,400)	3,289,000)	4,918,100)	3,925,600)	3,573,200)	3,870,500)	3,949,100)	4,690,500)	4,511,500)	4,751,300)
Long-term debt, related party	274,000)	311,300)	312,500)	297,200)	285,600)	323,100)	328,600)	320,100)	321,600)	369,200)	360,200)	384,300)	398,700)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other noncurrent liabilities	1,819,000)	1,840,000)	1,935,700)	1,916,000)	1,866,900)	1,881,000)	1,826,700)	1,712,400)	1,553,600)	1,560,500)	1,551,600)	1,536,900)	1,831,800)	1,923,500)	1,921,900)	1,611,900)	1,910,000)	1,897,900)	1,797,300)	1,873,400)	1,414,200)	1,462,800)	1,487,200)	1,556,500)	1,022,500)	1,042,900)	1,070,700)
Deferred income taxes	1,078,200)	1,050,800)	1,003,000)	962,600)	942,000)	844,400)	810,500)	793,800)	823,200)	805,400)	768,900)	775,100)	678,600)	699,700)	719,200)	778,400)	634,100)	650,700)	679,000)	767,100)	904,600)	882,600)	831,200)	903,300)	1,030,400)	1,101,800)	1,019,500)
Noncurrent liabilities	10,063,400)	10,006,700)	10,030,300)	10,308,700)	10,167,700)	5,970,600)	5,902,800)	5,733,600)	5,650,100)	5,668,100)	5,635,100)	5,663,700)	6,286,200)	6,065,600)	6,056,000)	5,792,700)	5,910,700)	5,849,000)	5,765,300)	7,558,600)	6,244,400)	5,918,600)	6,188,900)	6,408,900)	6,743,400)	6,656,200)	6,841,500)
Total liabilities	12,760,500)	13,024,100)	13,016,200)	12,725,400)	12,758,700)	7,777,500)	7,721,800)	7,554,500)	7,805,300)	7,741,100)	7,938,600)	8,002,000)	8,396,000)	7,817,900)	7,887,600)	8,281,700)	8,343,900)	8,451,300)	8,695,100)	10,841,900)	9,903,300)	9,757,700)	9,761,300)	10,057,000)	9,662,300)	9,737,500)	9,843,400)
Redeemable noncontrolling interest	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	277,900)	280,000)	288,700)
Common stock, par value $1 per share	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)	249,400)
Capital in excess of par value	1,105,200)	1,094,400)	1,083,000)	1,094,800)	1,084,800)	1,074,600)	1,061,700)	1,070,900)	1,059,900)	1,047,700)	1,030,400)	1,029,300)	1,020,000)	1,011,300)	998,100)	1,001,100)	986,400)	975,500)	967,500)	970,000)	935,400)	919,600)	901,900)	904,700)	889,300)	877,700)	852,800)
Retained earnings	15,400,200)	15,200,000)	15,060,500)	14,875,700)	14,686,600)	14,537,200)	14,356,900)	14,138,400)	13,891,900)	13,662,000)	13,497,900)	13,409,900)	13,200,200)	12,966,500)	12,792,300)	12,846,600)	12,584,200)	12,692,500)	10,771,700)	10,475,500)	10,268,700)	10,108,800)	10,768,700)	10,580,400)	10,411,100)	10,267,200)	10,152,000)
Accumulated other comprehensive loss	(1,681,900)	(1,824,400)	(1,713,300)	(2,140,100)	(2,353,100)	(2,478,200)	(2,088,600)	(2,375,600)	(1,781,400)	(1,744,800)	(1,811,200)	(1,741,900)	(1,877,800)	(1,535,300)	(1,695,600)	(1,847,400)	(2,217,100)	(2,393,700)	(2,611,700)	(2,388,300)	(2,125,700)	(2,046,700)	(2,208,600)	(2,125,900)	(1,578,400)	(1,662,100)	(1,470,600)
Treasury stock, at cost	(1,990,000)	(1,993,200)	(1,996,000)	(2,000,000)	(2,008,400)	(2,011,100)	(2,023,400)	(2,029,500)	(2,033,700)	(2,048,600)	(2,083,600)	(2,089,200)	(2,105,800)	(2,111,100)	(2,128,900)	(2,163,500)	(2,190,500)	(2,206,300)	(2,215,400)	(2,227,000)	(2,282,400)	(2,314,500)	(2,344,300)	(2,359,600)	(2,385,400)	(2,399,700)	(2,432,100)
Total Air Products shareholders’ equity	13,082,900)	12,726,200)	12,683,600)	12,079,800)	11,659,300)	11,371,900)	11,556,000)	11,053,600)	11,386,100)	11,165,700)	10,882,900)	10,857,500)	10,486,000)	10,580,800)	10,215,300)	10,086,200)	9,412,400)	9,317,400)	7,161,500)	7,079,600)	7,045,400)	6,916,600)	7,367,100)	7,249,000)	7,586,000)	7,332,500)	7,351,500)
Noncontrolling interests	408,700)	408,600)	388,300)	363,300)	364,100)	351,800)	373,800)	334,700)	340,500)	337,700)	320,500)	318,800)	324,000)	112,400)	105,900)	99,300)	97,500)	102,800)	99,600)	133,800)	134,800)	136,500)	131,900)	132,100)	145,300)	143,800)	151,800)
Total equity	13,491,600)	13,134,800)	13,071,900)	12,443,100)	12,023,400)	11,723,700)	11,929,800)	11,388,300)	11,726,600)	11,503,400)	11,203,400)	11,176,300)	10,810,000)	10,693,200)	10,321,200)	10,185,500)	9,509,900)	9,420,200)	7,261,100)	7,213,400)	7,180,200)	7,053,100)	7,499,000)	7,381,100)	7,731,300)	7,476,300)	7,503,300)
Total liabilities and equity	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)

Payables and accrued liabilities: This liability item shows fluctuations with an overall increasing trend from the end of 2014 to mid-2021. Values rose from approximately $1.59 billion to about $2.12 billion, signaling growing current obligations over time.
Accrued income taxes: The accrued income taxes display considerable volatility, with a notable spike in March 2017 reaching $544.8 million, followed by declines and fluctuations. The general range is between $45 million and $550 million, indicating inconsistent tax liabilities over quarters.
Short-term borrowings: Short-term borrowings decreased significantly from $1.28 billion at the end of 2014 to roughly $14 million by the end of 2020, remaining low through mid-2021. This reflects a substantial reduction in short-term debt reliance.
Current portion of long-term debt: The data reveals wide variability in this category, with some quarters showing elevated amounts, such as $873 million at the end of 2016 and $906 million in mid-2021. Generally, the values oscillate between $5 million and over $900 million, indicating periodic reclassification or repayments affecting current liabilities.
Current liabilities of discontinued operations: This item appears only in some quarters around 2016 and 2017, with relatively low amounts up to $89 million, after which there is no recorded value, which may suggest discontinuation of certain operations.
Current liabilities: Current liabilities exhibit a decreasing trend from approximately $3 billion at the end of 2014 to a low point near $1.8 billion in early 2020, followed by an increase towards nearly $3 billion again by mid-2021. This pattern indicates substantial changes in short-term obligations within the reporting periods.
Long-term debt, excluding current portion: This liability category shows a general decline from a peak above $4.7 billion in early periods to about $2.9 billion by late 2019. However, a sharp increase occurs in 2020, exceeding $7 billion, where it remains elevated, implying new issuances or refinancing activities during that year.
Long-term debt, related party: Reported intermittently starting in 2018, this related-party debt shows a decreasing trend from nearly $399 million to $274 million by mid-2021, suggesting repayment or restructuring of intercompany obligations.
Other noncurrent liabilities: These liabilities increase notably from roughly $1.07 billion at the end of 2014 to peaks near $1.9 billion around 2017, then remain relatively stable, fluctuating slightly around $1.8 to $1.9 billion through mid-2021.
Deferred income taxes: Deferred income tax liabilities trend downward from over $1 billion in 2014 to a low near $634 million in 2017, before gradually rising back to above $1 billion by mid-2021, showing cyclical tax timing differences.
Noncurrent liabilities: After a moderate decline from about $6.8 billion in late 2014 to approximately $5.9 billion by 2016, noncurrent liabilities rise steeply in 2020, reaching over $10 billion, remaining stable thereafter. This signals significant long-term financing changes or recognition of liabilities.
Total liabilities: Total liabilities fluctuate around $9.7 to $10 billion through 2019, but a major jump to above $12.7 billion occurs in 2020 and persists into 2021. This substantial increase aligns with the rise in long-term and noncurrent liabilities, indicating altered capital structure or increased debt levels.
Redeemable noncontrolling interest: Recorded only through early 2015, this item declines from $288.7 million to approximately $278 million, then disappears, suggesting termination or reclassification of these interests.
Common stock and capital in excess of par value: Common stock remains steady at $249.4 million. Capital in excess of par value shows a general increasing trend, rising from $852.8 million in late 2014 to near $1.1 billion in mid-2021, indicating ongoing equity contributions or retained earnings allocations beyond par value.
Retained earnings: Retained earnings consistently grow from about $10.15 billion to over $15.4 billion by mid-2021, reflecting sustained profitability and accumulated net income retained in the business.
Accumulated other comprehensive loss: This component shows a generally increasing negative balance, peaking near -$2.6 billion in late 2016 before reducing somewhat but remaining materially negative, around -$1.7 billion to -$1.8 billion, indicating persistent unrealized losses or negative adjustments in other comprehensive income.
Treasury stock, at cost: The treasury stock balance decreases in absolute value from about -$2.43 billion to near -$2 billion, suggesting partial reissuance of treasury shares or reduced stock repurchase activity over time.
Total shareholders’ equity: Total equity grows markedly from $7.35 billion in late 2014 to a peak exceeding $13 billion by mid-2021, demonstrating strengthening of the equity base, supported by retained earnings growth and capital contributions despite accumulated comprehensive losses.
Noncontrolling interests: This interest has moderate growth from $152 million to about $409 million, reflecting increased minority ownership stakes or valuation changes in subsidiaries.
Total equity: Total equity values follow the pattern of shareholders’ equity, rising from approximately $7.5 billion to nearly $13.5 billion by mid-2021, improving the overall financial position and capital resources.
Total liabilities and equity: This aggregate measure remains relatively stable near $17.4 billion through 2019, followed by a significant increase to over $26 billion during 2020 and 2021, reflecting expansions in liabilities and equity, and indicating overall growth in the company’s balance sheet size.

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Air Products & Chemicals Inc. (NYSE:APD)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data