AIR PRODUCTS AND CHEMICALS, INC. APD Income Statement

Air products and chemicals, inc. (APD)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08	Jun'08
Sales
8,978	8,949	8,918	8,934	8,969	8,937	8,930	8,834	8,697	8,521	8,187	7,930	7,722	7,519	7,503	5,937	6,492	7,129	7,824	8,067	8,231	8,399	8,384	10,348	10,261	10,163	10,180	10,199	9,992	9,852	9,611	9,412	9,544	9,603	9,673	9,208	8,988	8,834	8,616	8,804	8,528	8,234	8,256	8,876	0	0	0
Cost of sales
5,903	5,918	5,975	6,050	6,129	6,161	6,189	6,168	6,109	6,006	5,751	5,554	5,388	5,198	5,177	4,182	4,577	5,063	5,598	5,750	5,953	6,173	6,207	7,585	7,541	7,437	7,472	7,512	7,327	7,229	7,051	6,932	7,067	7,100	7,098	6,775	6,560	6,440	6,288	6,353	6,169	5,981	6,042	6,538	0	0	0
Facility closure
0	0	-29	-29	-29	-29	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling and administrative
773	762	750	754	754	758	760	761	757	740	713	700	684	674	683	543	616	688	773	815	846	869	892	1,076	1,075	1,079	1,066	1,054	1,013	984	946	919	923	928	941	882	888	887	886	959	950	940	943	994	0	0	0
Research and development
77	75	72	70	67	64	64	57	56	57	57	62	66	69	71	25	40	57	76	82	83	80	78	135	134	133	133	135	134	131	126	122	119	117	118	118	118	116	114	112	107	110	116	120	0	0	0
Company headquarters relocation income (expense)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Separation Costs Legal And Advisory Fees Before Tax
-	-	-	-	-	-	-	-	-	-	32	54	63	71	50	36	26	19	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project suspension costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost reduction and asset actions
-	-	0	0	-	-	-	0	-	-	151	113	84	84	34	58	103	147	180	157	98	43	11	0	0	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	298	0	0	0	0
Pension settlement loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0
Goodwill and intangible asset impairment charge
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Gain (Loss) On Exchange Of Equity Affiliate Investments
-	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on previously held equity interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	17	17	17	0	0	0	0	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Net loss on Airgas transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	86	109	0	-	0	0	-	-	-	-	-	-
Customer bankruptcy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0
Other income (expense), net
50	53	49	40	31	36	50	91	111	118	121	93	77	69	49	57	50	42	45	21	20	33	45	65	78	79	70	55	49	45	47	53	48	48	41	38	41	38	42	39	36	31	23	17	0	0	0
Operating Income
2,311	2,250	2,144	2,074	2,021	1,959	1,965	1,889	1,632	1,572	1,440	1,379	1,514	1,490	1,535	1,140	1,170	1,175	1,233	971	960	968	924	1,363	1,332	1,337	1,324	1,303	1,402	1,301	1,282	1,490	1,395	1,501	1,508	1,387	1,336	1,283	1,267	1,350	1,157	1,077	846	912	0	0	0
Equity affiliates' income
262	220	215	214	216	213	174	160	65	55	80	74	153	151	147	141	141	142	152	155	156	153	148	154	155	164	167	164	162	158	153	169	167	163	154	134	127	127	126	123	119	114	112	126	0	0	0
Interest expense
102	118	137	142	143	138	130	125	120	120	120	122	127	122	115	105	98	95	102	108	111	119	124	131	135	139	141	145	135	130	123	113	113	113	115	117	121	121	121	119	116	117	121	133	0	0	0
Other non-operating income (expense), net
50	57	66	21	16	13	5	41	32	26	16	8	5	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income From Continuing Operations Before Taxes
2,522	2,410	2,289	2,168	2,110	2,049	2,015	1,965	1,609	1,534	1,416	1,328	1,534	1,507	1,554	1,160	1,197	1,205	1,266	1,018	1,005	1,002	949	1,385	1,352	1,362	1,350	1,322	1,429	1,329	1,312	1,546	1,448	1,551	1,546	1,404	1,342	1,289	1,272	1,354	1,160	1,074	836	905	0	0	0
Income tax provision
509	468	480	418	415	364	524	453	436	474	260	359	415	414	432	337	295	290	300	267	265	270	258	314	306	310	307	299	339	252	287	364	326	421	375	339	322	303	305	332	280	261	185	197	0	0	0
Income From Continuing Operations
0	-	1,809	1,750	0	-	1,490	1,511	1,173	1,059	1,155	969	1,118	1,093	1,122	822	901	915	965	751	739	732	691	1,071	1,045	1,052	1,042	1,022	1,090	1,076	1,025	1,190	1,117	0	-	0	0	-	-	0	-	-	651	0	0	0	-
Loss from discontinued operations, net of tax
0	-	0	0	0	-	42	36	-8	1,816	1,866	1,978	2,078	-497	-460	-211	-311	436	351	295	297	299	302	-10	-9	-8	-10	4	131	147	168	196	87	0	-	0	0	-	-	-	-	-	-	0	0	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,998	1,941	1,809	1,750	1,738	1,728	1,532	1,548	1,164	2,876	3,021	2,947	3,197	595	661	610	589	1,352	1,317	1,046	1,036	1,031	993	1,061	1,036	1,044	1,032	1,027	1,221	1,224	1,193	1,390	1,232	1,241	1,261	1,200	1,126	1,073	1,054	1,020	877	825	642	0	0	0	-
Less: Net income attributable to noncontrolling interests of continuing operations
0	-	-	40	0	-	35	34	22	21	20	19	22	22	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Attributable to Noncontrolling Interests of Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	36	37	38	38	31	29	26	26	36	37	38	37	28	28	27	25	19	16	11	11	19	0	0	0
Net Income (Loss) Attributable to Parent
1,944	1,888	1,760	1,709	1,695	1,690	1,497	1,513	1,141	2,855	3,000	2,925	3,170	567	631	581	553	1,316	1,277	1,037	1,032	1,026	991	1,024	999	1,006	994	995	1,191	1,197	1,167	1,353	1,195	1,203	1,224	1,171	1,098	1,045	1,029	1,000	860	814	631	457	0	0	0
Net Income Attributable to Air Products
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
0	-	1,760	1,709	0	-	1,455	1,476	1,150	1,038	1,134	949	1,095	1,070	1,099	806	876	889	933	749	742	734	696	1,034	1,008	1,014	1,004	991	1,060	1,050	999	1,159	1,087	0	-	0	0	-	-	0	-	-	639	688	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
0	-	0	0	0	-	42	36	-8	1,816	1,866	1,976	2,074	-502	-468	-224	-323	427	344	288	290	291	295	-10	-9	-8	-10	4	131	147	168	196	87	0	-	0	0	-	-	-	-	-	-8	-231	0	0	0
Loss from Discontinued Operations
0	-	0	0	0	-	42	36	-8	1,816	1,866	1,968	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Net Income Attributable to Air Products
1,944	1,888	1,760	1,709	1,695	1,690	1,497	1,513	1,141	2,855	3,000	2,925	3,170	567	631	581	553	1,316	1,277	1,037	1,032	1,026	991	1,024	999	1,006	994	995	1,191	1,197	1,167	1,353	1,195	1,203	1,224	1,171	1,098	1,045	1,029	1,000	860	814	631	457	0	0	0
Basic Earnings Per Common Share Attributable to Air Products
Basic earnings per share from continuing operations (in dollars per share)
2.22	-	2.28	2.21	1.91	-	2.07	1.96	1.90	0.71	2.16	0.48	1.40	1.16	1.33	1.16	1.29	1.30	-0.03	1.49	1.36	1.52	-0.88	1.47	1.33	1.36	0.71	1.38	1.38	1.32	0.65	1.69	1.32	1.07	-	1.40	1.34	-	-	1.19	-	-	1.17	0.55	0.90	0.43	1.40
Basic earnings per share from discontinued operations (in dollars per share)
-0.06	-	0.00	0.00	0.00	-	-0.01	0.20	0.00	0.00	-0.03	-0.01	8.38	0.22	0.50	0.44	-3.48	0.38	1.63	-0.01	-0.01	0.00	1.37	0.00	0.00	0.01	-0.07	0.00	0.01	0.01	0.01	0.60	0.08	0.11	-	0.14	0.08	-	-	-	-	-	-0.01	-0.01	0.08	-0.10	-1.07
Basic Earnings Per Common Share Attributable to Air Products (in dollars per share)
2.16	2.15	2.28	2.21	1.91	1.58	2.06	2.16	1.90	0.71	2.13	0.47	9.78	1.38	1.83	1.60	-2.19	1.68	1.60	1.48	1.35	1.52	0.49	1.47	1.33	1.37	0.64	1.38	1.39	1.33	0.66	2.29	1.40	1.18	1.54	1.54	1.42	1.25	1.28	1.19	1.19	1.19	1.16	0.54	0.98	0.33	0.33
Diluted Earnings Per Common Share Attributable to Air Products
Diluted earnings per share from continuing operations (in dollars per share)
2.21	-	2.27	2.20	1.90	-	2.05	1.95	1.89	0.70	2.15	0.47	1.39	1.15	1.32	1.15	1.28	1.29	-0.03	1.48	1.34	1.50	-0.88	1.46	1.32	1.34	0.70	1.36	1.37	1.30	0.64	1.66	1.30	1.06	-	1.37	1.31	-	-	1.17	-	-	1.15	0.54	0.89	0.42	1.35
Diluted earnings per share from discontinued operations (in dollars per share)
-0.06	-	0.00	0.00	0.00	-	-0.01	0.20	0.00	0.00	-0.03	-0.01	8.31	0.22	0.48	0.44	-3.45	0.38	1.61	-0.01	-0.01	0.00	1.36	0.00	0.00	0.01	-0.07	0.00	0.01	0.01	0.00	0.60	0.08	0.10	-	0.13	0.08	-	-	-	-	-	-0.01	-0.01	0.08	-0.10	-1.03
Diluted Earnings Per Common Share Attributable to Air Products (in dollars per share)
2.15	2.14	2.27	2.20	1.90	1.57	2.04	2.15	1.89	0.70	2.12	0.46	9.70	1.37	1.80	1.59	-2.17	1.67	1.58	1.47	1.33	1.50	0.48	1.46	1.32	1.35	0.63	1.36	1.38	1.31	0.64	2.26	1.38	1.16	1.51	1.50	1.39	1.23	1.25	1.17	1.16	1.16	1.14	0.53	0.97	0.32	0.32
Weighted Average Number of Shares Outstanding, Basic
221	220	220	220	220	219	219	219	219	218	218	218	217	217	217	216	216	215	215	215	214	214	213	212	212	211	211	209	208	210	211	211	211	210	211	212	213	214	212	212	212	211	210	209	209	209	211
Weighted Average Number of Shares Outstanding, Diluted
222	222	222	221	221	221	221	220	220	220	220	219	219	219	219	218	217	217	217	217	217	216	216	215	214	214	213	211	211	212	215	214	215	213	215	217	218	219	217	216	216	217	215	214	212	212	218
Dividends Declared Per Common Share - Cash (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.95	0.95	0.86	-	0.86	0.86	0.81	-	0.81	0.81	0.77	-	0.77	0.77	0.71	-	0.71	0.71	0.64	-	0.64	0.64	0.58	-	0.58	0.58	0.49	-	0.49	0.49	0.45	-	0.45	0.45	0.44	0.44