Air Products Financial Statements From 2010 to 2023

APD Stock  USD 313.98  0.17  0.05%   
Air Products financial statements provide useful quarterly and yearly information to potential Air Products And investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Air Products financial statements helps investors assess Air Products' valuation, profitability, and current liquidity needs.
There are over one hundred sixteen available fundamental signals for Air Products And, which can be analyzed over time and compared to other ratios. Please make sure to validate all of Air Products' prevailing performance against the performance from 2010 to 2023 to make sure the company is sustainable down the road.
The current year Working Capital is expected to grow to about 6.9 B, whereas Net Income Per Employee is forecasted to decline to about 83 K.
  
Check Air Products financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Air Products main balance sheet or income statement drivers, such as Direct Expenses of 7.3 B, Consolidated Income of 2.2 B or Cost of Revenue of 6.1 B, as well as many exotic indicators such as Interest Coverage of 14.81, Long Term Debt to Equity of 0.87 or Calculated Tax Rate of 27.93. Air Products financial statements analysis is a perfect complement when working with Air Products Valuation or Volatility modules. It can also supplement Air Products' financial leverage analysis and stock options assessment as well as various Air Products Technical models . Please continue to the analysis of Air Products Correlation against competitors.

Air Products Revenues

10.12 Billion

Air Products Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities1.3 B1.5 B997.4 M
Up
Slightly volatile
Accumulated Retained Earnings Deficit16.3 B18 B12.8 B
Up
Slightly volatile
Trade and Non Trade Receivables1.7 B1.8 B1.9 B
Down
Slightly volatile
Property Plant and Equipment Net13.5 B15.2 B10.5 B
Up
Slightly volatile
Trade and Non Trade Payables2.4 B2.6 B1.9 B
Up
Slightly volatile
Liabilities Non Current10.2 B11.5 B7.9 B
Up
Slightly volatile
Current Liabilities2.8 B3.1 B2.8 B
Up
Very volatile
Total Liabilities11 B12.6 B10.7 B
Up
Slightly volatile
Investments Non Current2.1 B2.2 B2.4 B
Down
Slightly volatile
Investments Current1.7 B1.5 B723.7 M
Up
Slightly volatile
Investments3.8 B4.3 BB
Up
Slightly volatile
Inventory435.5 M408.5 M504.2 M
Down
Slightly volatile
Goodwill and Intangible Assets1.3 B1.2 B1.5 B
Down
Slightly volatile
Shareholders Equity USD13.4 B15.6 B10.1 B
Up
Slightly volatile
Shareholders Equity10 B11.8 B9.5 B
Up
Slightly volatile
Total Debt USD7.8 B8.8 BB
Up
Slightly volatile
Debt Non CurrentB8.2 B5.2 B
Up
Slightly volatile
Debt Current581.6 M438.2 M762.5 M
Down
Slightly volatile
Total Debt7.8 B8.8 BB
Up
Slightly volatile
Cash and Equivalents USD5.5 B5.1 B2.6 B
Up
Slightly volatile
Cash and Equivalents2.1 B2.4 BB
Up
Slightly volatile
Assets Non Current19.5 B21.3 B15.5 B
Up
Slightly volatile
Current AssetsB5.7 BB
Up
Slightly volatile
Total Assets21 B24.5 B20.2 B
Up
Slightly volatile
Accounts Payable1.1 B1.3 B820.2 M
Up
Pretty Stable
Receivables2.1 B2.2 B1.8 B
Up
Very volatile
Inventories632.9 M591.3 M554.6 M
Down
Slightly volatile

Air Products Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense505.3 M532.2 M412.8 M
Up
Slightly volatile
Weighted Average Shares Diluted197.4 M200.2 M215.7 M
Down
Pretty Stable
Weighted Average Shares196.3 M199.8 M214 M
Down
Pretty Stable
Selling General and Administrative Expense748.2 M745.6 M829.8 M
Down
Slightly volatile
Research and Development Expense84.1 M84.2 M92.9 M
Down
Slightly volatile
Revenues USD8.7 B9.3 B9.2 B
Down
Very volatile
Revenues10.1 B11.4 B9.9 B
Up
Slightly volatile
Operating Income1.8 B2.1 B1.8 B
Up
Slightly volatile
Operating Expenses830.9 M770 M969.8 M
Down
Slightly volatile
Net Income to Non Controlling Interests27.4 M18.2 M28.6 M
Down
Pretty Stable
Net Loss Income from Discontinued Operations(68.3 M)(63.3 M)(163.4 M)
Up
Very volatile
Net Income Common Stock USD2.1 B2.4 B1.7 B
Up
Slightly volatile
Net Income Common Stock2.1 B2.4 B1.7 B
Up
Slightly volatile
Net Income1.7 BB1.6 B
Up
Slightly volatile
Interest Expense157.6 M163.1 M130.4 M
Up
Slightly volatile
Gross Profit3.4 B3.6 B2.8 B
Up
Slightly volatile
Earning Before Interest and Taxes USD2.8 B3.1 B2.2 B
Up
Slightly volatile
Earning Before Interest and Taxes EBIT2.8 B3.1 B2.2 B
Up
Slightly volatile
Cost of Revenue6.1 B6.5 B6.5 B
Down
Pretty Stable
Consolidated Income2.2 B2.4 B1.7 B
Up
Slightly volatile
Direct Expenses7.3 B8.4 BB
Up
Slightly volatile

Air Products Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation51.4 M51.2 M43.7 M
Up
Slightly volatile
Effect of Exchange Rate Changes on Cash 34.5 M32 M3.3 M
Up
Slightly volatile
Net Cash Flow from Operations2.5 B2.9 B2.5 B
Up
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(173.7 M)(169.2 M)(92.6 M)
Down
Slightly volatile
Net Cash Flow from Financing(1.2 B)(1.2 B)(607.4 M)
Down
Pretty Stable
Issuance Repayment of Debt Securities (334 M)(325.4 M)178.6 M
Down
Very volatile
Issuance Purchase of Equity Shares13.2 M12.2 M2.3 M
Up
Slightly volatile
Net Cash Flow Business Acquisitions and Disposals(107.3 M)(99.5 M)(169 M)
Up
Pretty Stable
Net Cash Flow or Change in Cash and Cash Equivalents(925.4 M)(901.7 M)118.1 M
Down
Pretty Stable
Depreciation Amortization and Accretion1.4 B1.5 B1.1 B
Up
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share11713290.0025
Up
Slightly volatile
Sales per Share46.0551.4845.3924
Up
Pretty Stable
Return on Sales0.280.30.2361
Up
Slightly volatile
Return on Invested Capital0.130.130.1158
Up
Slightly volatile
Return on Average Equity20.4919.4517.7553
Up
Very volatile
Return on Average Assets7.357.517.9126
Up
Pretty Stable
Price to Sales Ratio5.576.324.2945
Up
Slightly volatile
Price to Earnings Ratio30.9431.126.1316
Up
Slightly volatile
Price to Book Value4.734.823.9475
Up
Slightly volatile
Payout Ratio0.710.710.5949
Up
Slightly volatile
Profit Margin15.1215.9916.1442
Up
Slightly volatile
Gross Margin24.9123.8128.821
Down
Very volatile
Free Cash Flow per Share1.211.183.347
Down
Very volatile
Enterprise Value over EBITDA16.5417.1613.6673
Up
Slightly volatile
Enterprise Value over EBIT24.7925.320.7207
Up
Slightly volatile
Earnings per Basic Share USD9.7410.897.5876
Up
Slightly volatile
Earnings per Diluted Share7.739.137.2523
Up
Slightly volatile
Earnings per Basic Share7.769.147.3067
Up
Slightly volatile
EBITDA Margin25.8526.2528.495
Up
Slightly volatile
Dividends per Basic Common Share5.686.724.2078
Up
Slightly volatile
Dividend Yield0.02110.02070.0236
Down
Slightly volatile
Debt to Equity Ratio0.950.670.9801
Down
Slightly volatile
Current Ratio1.631.631.8313
Up
Slightly volatile
Book Value per Share60.8970.2746.1757
Up
Slightly volatile
Asset Turnover0.590.540.525
Down
Slightly volatile
Total Assets Per Share95.5811092.5924
Up
Slightly volatile
Cash Flow Per Share11.4912.8611.5713
Up
Slightly volatile
Return on Investment9.6810.0310.2856
Up
Slightly volatile
Operating Margin16.3716.5818.0818
Up
Slightly volatile
Calculated Tax Rate27.9325.3425.2705
Down
Slightly volatile
Receivables Turnover5.956.715.8449
Up
Slightly volatile
Inventory Turnover14.6217.3613.5467
Up
Slightly volatile
PPandE Turnover1.171.071.0338
Down
Slightly volatile
Cash and Equivalents Turnover4.174.0711.8261
Down
Slightly volatile
Accounts Payable Turnover12.1312.3113.2749
Up
Slightly volatile
Accrued Expenses Turnover15.0716.0115.7352
Up
Very volatile
Interest Coverage14.8116.4414.7637
Up
Slightly volatile
Long Term Debt to Equity0.870.620.8835
Down
Slightly volatile
Quick Ratio1.331.341.5018
Up
Slightly volatile
Net Current Assets as percentage of Total Assets8.929.329.7408
Up
Slightly volatile
Revenue to Assets0.580.540.514
Down
Slightly volatile

Air Products Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital6.9 B6.4 BB
Up
Slightly volatile
Tangible Asset Value25.7 B29.4 B19.6 B
Up
Slightly volatile
Market Capitalization54.6 B65.2 B40.1 B
Up
Slightly volatile
Invested Capital Average25.4 B28.6 B19.7 B
Up
Slightly volatile
Invested Capital26.4 B29.8 B20.4 B
Up
Slightly volatile
Free Cash Flow991 MB833.9 M
Up
Slightly volatile
Enterprise Value58.8 B69.1 B43.9 B
Up
Slightly volatile
Average Equity12.9 B15 B9.8 B
Up
Slightly volatile
Earnings before Tax2.6 B2.9 B2.1 B
Up
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD4.2 B4.6 B3.3 B
Up
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.9 B3.3 B2.8 B
Up
Slightly volatile
Average Assets26.7 B30.3 B20.5 B
Up
Slightly volatile
Revenue Per Employee487.5 K521.9 K503.5 K
Up
Slightly volatile
Net Income Per Employee83 K92.7 K83.3 K
Up
Slightly volatile

Air Products Fundamental Market Drivers

Forward Price Earnings27.5482
Cash And Short Term Investments3.3 B

Air Products Upcoming Events

Upcoming Quarterly Report4th of February 2022
Next Financial Report9th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End3rd of November 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Air Products Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Air Products income statement, its balance sheet, and the statement of cash flows. Air Products investors use historical funamental indicators, such as Air Products's revenue or net income, to determine how well the company is positioned to perform in the future. Although Air Products investors may use each financial statement separately, they are all related. The changes in Air Products's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Air Products's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Air Products Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Air Products. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Cost of Revenue6.5 B6.1 B
Revenues11.4 B10.1 B
Revenue to Assets 0.54  0.58 
Revenue Per Employee521.9 K487.5 K

Be your own money manager

Our tools can tell you how much better you can do entering a position in Air Products without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fundamental Analysis

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Pair Trading with Air Products

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Air Products position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Air Products will appreciate offsetting losses from the drop in the long position's value.

Moving together with Air Products

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Moving against Air Products

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The ability to find closely correlated positions to Air Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Products when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Air Products - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Air Products And to buy it.
The correlation of Air Products is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Products And moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Air Products can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to the analysis of Air Products Correlation against competitors. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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Is Air Products' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air Products. If investors know Air Products will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Air Products listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.046) 
Market Capitalization
69.7 B
Quarterly Revenue Growth
0.257
Return On Assets
0.0569
Return On Equity
0.1622
The market value of Air Products And is measured differently than its book value, which is the value of Air Products that is recorded on the company's balance sheet. Investors also form their own opinion of Air Products' value that differs from its market value or its book value, called intrinsic value, which is Air Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air Products' market value can be influenced by many factors that don't directly affect Air Products' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Air Products' value and its price as these two are different measures arrived at by different means. Investors typically determine Air Products value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Products' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.