Air Products and Chemicals, Inc. (APD)

APD Income Statement

Financials in millions USD. Fiscal year is October - September.

Year	2023	2022	2021	2020	2019
Revenue	12,600	12,699	10,323	8,856	8,919
Revenue Growth (YoY)	-0.78%	23.01%	16.56%	-0.70%	-0.13%
Cost of Revenue	8,833	9,339	7,186	5,858	5,976
Gross Profit	3,767	3,360	3,137	2,998	2,943
Selling, General & Admin	957	900.6	828.4	775.9	750
Research & Development	105.6	102.9	93.5	83.9	72.9
Other Operating Expenses	209.8	17.8	-66.4	-99.2	-23.9
Operating Expenses	1,272	1,021	855.5	760.6	799
Operating Income	2,495	2,339	2,281	2,238	2,144
Interest Expense / Income	177.5	128	141.8	109.3	137
Other Expense / Income	-534.3	-546.1	-422.3	-236.8	-232.7
Pretax Income	2,851	2,757	2,562	2,365	2,240
Income Tax	551.2	500.8	462.8	478.4	480.1
Net Income	2,300	2,256	2,099	1,887	1,760
Net Income Growth	1.95%	7.48%	11.26%	7.20%	17.51%
Shares Outstanding (Basic)	222	222	222	221	220
Shares Outstanding (Diluted)	223	223	223	222	222
Shares Change	0.09%	-	0.09%	0.32%	0.36%
EPS (Basic)	10.35	10.16	9.47	8.53	7.99
EPS (Diluted)	10.33	10.14	9.43	8.49	7.94
EPS Growth	1.87%	7.53%	11.07%	6.93%	17.11%
Free Cash Flow	-1,420.7	244.1	871	755.7	980.2
Free Cash Flow Per Share	-6.39	1.10	3.93	3.42	4.45
Dividend Per Share	6.870	6.360	5.840	5.180	4.580
Dividend Growth	8.02%	8.90%	12.74%	13.10%	-11.92%
Gross Margin	29.90%	26.46%	30.39%	33.85%	33.00%
Operating Margin	19.80%	18.42%	22.10%	25.27%	24.04%
Profit Margin	18.26%	17.77%	20.33%	21.30%	19.73%
Free Cash Flow Margin	-11.28%	1.92%	8.44%	8.53%	10.99%
Effective Tax Rate	19.33%	18.17%	18.06%	20.23%	21.43%
EBITDA	4,387	4,223	4,025	3,659	3,460
EBITDA Margin	34.82%	33.26%	38.99%	41.32%	38.79%
Depreciation & Amortization	1,358	1,338	1,321	1,185	1,083
EBIT	3,029	2,885	2,704	2,474	2,377
EBIT Margin	24.04%	22.72%	26.19%	27.94%	26.65%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).