Air Products and Chemicals, Inc. (APD)

APD Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	12,101	12,101	12,600	12,699	10,323	8,856
Revenue Growth (YoY)	-3.96%	-3.96%	-0.78%	23.01%	16.56%	-0.70%
Cost of Revenue	8,169	8,169	8,833	9,339	7,186	5,858
Gross Profit	3,932	3,932	3,767	3,360	3,137	2,998
Selling, General & Admin	1,044	1,044	1,043	851	744.6	731
Research & Development	100.2	100.2	105.6	102.9	93.5	83.9
Other Operating Expenses	-58.2	-58.2	-33.8	-52.2	-52.8	-65.4
Operating Expenses	1,086	1,086	1,115	901.7	785.3	749.5
Operating Income	2,846	2,846	2,653	2,458	2,352	2,249
Interest Expense	-218.8	-218.8	-177.5	-128	-141.8	-109.3
Earnings From Equity Investments	647.7	647.7	604.3	481.5	294.1	264.8
Currency Exchange Gain (Loss)	-	-	65.5	-203.7	-	-
Other Non Operating Income (Expenses)	28.2	28.2	-15.8	226.4	-8.3	-9
EBT Excluding Unusual Items	3,303	3,303	3,129	2,835	2,496	2,395
Merger & Restructuring Charges	-	-	-	-	-23.2	33.8
Gain (Loss) on Sale of Investments	-	-	-	-	36.8	-
Gain (Loss) on Sale of Assets	1,576	1,576	-	-	-	-
Other Unusual Items	-57	-57	-246.6	-79.9	-1.8	-5.2
Pretax Income	4,821	4,821	2,882	2,755	2,507	2,424
Income Tax Expense	944.9	944.9	551.2	500.8	462.8	478.4
Earnings From Continuing Operations	3,876	3,876	2,331	2,254	2,045	1,945
Earnings From Discontinued Operations	-13.9	-13.9	7.4	12.6	70.3	-14.3
Net Income to Company	3,862	3,862	2,339	2,267	2,115	1,931
Minority Interest in Earnings	-34.2	-34.2	-38.4	-10.4	-15.8	-44.4
Net Income	3,828	3,828	2,300	2,256	2,099	1,887
Net Income to Common	3,828	3,828	2,300	2,256	2,099	1,887
Net Income Growth	66.43%	66.43%	1.95%	7.48%	11.26%	7.20%
Shares Outstanding (Basic)	223	223	222	222	222	221
Shares Outstanding (Diluted)	223	223	223	223	223	222
Shares Change (YoY)	0.04%	0.04%	0.09%	-	0.09%	0.32%
EPS (Basic)	17.21	17.21	10.35	10.16	9.47	8.53
EPS (Diluted)	17.18	17.18	10.33	10.14	9.44	8.49
EPS Growth	66.24%	66.24%	1.94%	7.43%	11.20%	6.87%
Free Cash Flow	-3,150	-3,150	-1,420	303.7	877.7	755.7
Free Cash Flow Per Share	-14.14	-14.14	-6.38	1.36	3.94	3.40
Dividend Per Share	7.060	7.060	6.870	6.360	5.840	5.180
Dividend Growth	2.77%	2.77%	8.02%	8.90%	12.74%	13.10%
Gross Margin	32.49%	32.49%	29.90%	26.46%	30.39%	33.85%
Operating Margin	23.52%	23.52%	21.05%	19.36%	22.78%	25.39%
Profit Margin	31.64%	31.64%	18.26%	17.77%	20.33%	21.30%
Free Cash Flow Margin	-26.03%	-26.03%	-11.27%	2.39%	8.50%	8.53%
EBITDA	4,297	4,297	4,011	3,797	3,673	3,434
EBITDA Margin	35.51%	35.51%	31.83%	29.90%	35.58%	38.77%
D&A For EBITDA	1,451	1,451	1,358	1,338	1,321	1,185
EBIT	2,846	2,846	2,653	2,458	2,352	2,249
EBIT Margin	23.52%	23.52%	21.05%	19.36%	22.78%	25.39%
Effective Tax Rate	19.60%	19.60%	19.12%	18.18%	18.46%	19.74%

Source: S&P Capital IQ. Standard template. Financial Sources.