Air Products and Chemicals, Inc. (APD)

APD Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	12,104	12,600	12,699	10,323	8,856	8,919
Revenue Growth (YoY)	-6.74%	-0.78%	23.01%	16.56%	-0.70%	-0.13%
Cost of Revenue	8,272	8,833	9,339	7,186	5,858	5,976
Gross Profit	3,833	3,767	3,360	3,137	2,998	2,943
Selling, General & Admin	1,008	1,043	851	744.6	731	736.1
Research & Development	102.8	105.6	102.9	93.5	83.9	72.9
Other Operating Expenses	-50.5	-33.8	-52.2	-52.8	-65.4	-49.3
Operating Expenses	1,060	1,115	901.7	785.3	749.5	759.7
Operating Income	2,773	2,653	2,458	2,352	2,249	2,184
Interest Expense	-208.2	-177.5	-128	-141.8	-109.3	-137
Earnings From Equity Investments	634	604.3	481.5	294.1	264.8	215.4
Currency Exchange Gain (Loss)	-63.5	65.5	-203.7	-	-	-
Other Non Operating Income (Expenses)	82.4	-15.8	226.4	-8.3	-9	53.6
EBT Excluding Unusual Items	3,217	3,129	2,835	2,496	2,395	2,316
Merger & Restructuring Charges	-	-	-	-23.2	33.8	-54.5
Gain (Loss) on Sale of Investments	-	-	-	36.8	-	29.1
Other Unusual Items	-58.2	-246.6	-79.9	-1.8	-5.2	-0.8
Pretax Income	3,159	2,882	2,755	2,507	2,424	2,290
Income Tax Expense	560.7	551.2	500.8	462.8	478.4	480.1
Earnings From Continuing Operations	2,598	2,331	2,254	2,045	1,945	1,809
Earnings From Discontinued Operations	7.4	7.4	12.6	70.3	-14.3	-
Net Income to Company	2,606	2,339	2,267	2,115	1,931	1,809
Minority Interest in Earnings	-34.9	-38.4	-10.4	-15.8	-44.4	-49.4
Net Income	2,571	2,300	2,256	2,099	1,887	1,760
Net Income to Common	2,571	2,300	2,256	2,099	1,887	1,760
Net Income Growth	17.36%	1.95%	7.48%	11.26%	7.20%	17.51%
Shares Outstanding (Basic)	222	222	222	222	221	220
Shares Outstanding (Diluted)	223	223	223	223	222	222
Shares Change (YoY)	0.06%	0.09%	-	0.09%	0.32%	0.36%
EPS (Basic)	11.56	10.35	10.16	9.47	8.53	7.99
EPS (Diluted)	11.54	10.33	10.14	9.44	8.49	7.94
EPS Growth	17.35%	1.94%	7.43%	11.20%	6.87%	17.09%
Free Cash Flow	-2,492	-1,420	303.7	877.7	755.7	980.2
Free Cash Flow Per Share	-11.19	-6.38	1.36	3.94	3.40	4.42
Dividend Per Share	7.040	6.870	6.360	5.840	5.180	4.580
Dividend Growth	4.45%	8.02%	8.90%	12.74%	13.10%	7.76%
Gross Margin	31.67%	29.90%	26.46%	30.39%	33.85%	33.00%
Operating Margin	22.91%	21.05%	19.36%	22.78%	25.39%	24.48%
Profit Margin	21.24%	18.26%	17.77%	20.33%	21.30%	19.73%
Free Cash Flow Margin	-20.59%	-11.27%	2.39%	8.50%	8.53%	10.99%
EBITDA	4,200	4,011	3,797	3,673	3,434	3,267
EBITDA Margin	34.70%	31.83%	29.90%	35.58%	38.77%	36.62%
D&A For EBITDA	1,428	1,358	1,338	1,321	1,185	1,083
EBIT	2,773	2,653	2,458	2,352	2,249	2,184
EBIT Margin	22.91%	21.05%	19.36%	22.78%	25.39%	24.48%
Effective Tax Rate	17.75%	19.12%	18.18%	18.46%	19.74%	20.97%

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