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Air Products & Chemicals, Inc. (APD)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-30-22Sep-30-21Sep-30-20Sep-30-19Sep-30-18Sep-30-17Sep-30-16Sep-30-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Industrial Gases - Americas     3,873.53,758.83,637.03,344.13,694.5
    Industrial Gases - Asia     2,663.62,458.01,964.71,720.41,661.3
    Industrial Gases - EMEA     2,002.52,193.31,780.41,704.41,866.4
    Other       829.3663.7770.7
    Other     379.3520.1 71.1 
Total revenues  12,698.610,323.08,856.38,918.98,930.28,187.67,503.77,824.3
            Revenue growth   [+]23.0%16.6%-0.7%-0.1%9.1%9.1%-4.1%-25.0%
Cost of goods sold  9,338.57,186.15,858.15,975.56,189.55,751.55,177.35,598.2
Gross profit  3,360.13,136.92,998.22,943.42,740.72,436.12,326.42,226.1
            Gross margin  26.5%30.4%33.9%33.0%30.7%29.8%31.0%28.5%
Selling, general and administrative  900.6828.4775.9750.0760.8713.5683.8773.0
Research and development  102.993.583.972.964.557.671.876.4
Equity in earnings  481.5294.1264.8215.4174.880.1147.0152.3
Adjusted EBITDA  4,280.63,964.53,774.73,538.33,149.92,739.32,602.22,399.4
            Adjusted EBITDA margin  33.7%38.4%42.6%39.7%35.3%33.5%34.7%30.7%
Stock-based compensation  48.444.553.541.238.839.931.039.5
EBITDA   [+]4,232.23,920.03,721.23,497.13,111.12,699.42,571.22,424.1
            EBITDA margin  33.3%38.0%42.0%39.2%34.8%33.0%34.3%31.0%
Depreciation  1,302.71,284.11,150.51,049.7940.7843.2832.3834.5
EBITA  2,929.52,635.92,570.72,447.42,170.41,856.21,738.91,589.6
            EBITA margin  23.1%25.5%29.0%27.4%24.3%22.7%23.2%20.3%
Amortization of intangibles  35.537.234.533.130.022.622.324.0
EBIT   [+]2,894.02,598.72,536.22,414.32,140.41,833.61,716.61,565.6
            EBIT margin  22.8%25.2%28.6%27.1%24.0%22.4%22.9%20.0%
Non-recurring items   [+]73.723.233.854.5 313.534.5180.1
Interest expense, net   [+]128.0141.8109.3137.0130.5120.6109.198.6
Other income (expense), net   [+]62.473.730.766.75.116.6-18.4-20.8
Pre-tax income  2,754.72,507.42,423.82,289.52,015.01,416.11,554.61,266.1
Income taxes  500.8462.8478.4480.1524.3260.9432.6300.2
            Tax rate  18.2%18.5%19.7%21.0%26.0%18.4%27.8%23.7%
Earnings from continuing ops  2,253.92,044.63,890.81,809.41,490.71,155.22,244.0965.9
Earnings from discontinued ops  12.670.3-14.3 42.21,866.0-460.5351.7
Net income  2,266.52,114.93,876.51,809.41,532.93,021.21,783.51,317.6
            Net margin  17.8%20.5%43.8%20.3%17.2%36.9%23.8%16.8%
   
Basic EPS   [+]$10.15$9.23$17.59$8.21$6.80$5.30$10.37$4.49
Diluted EPS   [+]$10.13$9.19$17.50$8.17$6.75$5.26$10.28$4.45
   
Dividends per share   [+]$6.36$5.84$5.18$4.58$4.25$3.71$3.39$3.20
   
Shares outstanding (basic)   [+]222.0221.6221.2220.3219.3218.0216.4214.9
Shares outstanding (diluted)   [+]222.5222.5222.3221.6220.8219.8218.3217.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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