Air Products & Chemicals (APD) FY2021 results: revenue $10.3 billion, up 16.6% on the year
Air Products & Chemicals, Inc. (APD) reported revenue of $10.3 billion for fiscal 2021, the year ended 30 September 2021, up 16.6% on the year before. Net income was $2.1 billion, up 11.3%, and diluted earnings per share $9.43. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2021.
Revenue
$10.3 billion
+16.6% on the year
FY2014FY2021
Operating margin
22.1%
25.3% a year earlier
FY2014FY2021
Net income
$2.1 billion
+11.3% on the year
FY2014FY2021
Diluted EPS
$9.43
+11.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,342
3,265
2,970
+2.4%
Capital expenditure
2,464
2,509
1,990
-1.8%
Free cash flow
878
756
980
+16.1%
Free cash flow margin
8.5%
8.5%
11.0%
Depreciation and amortisation
1,321
1,185
1,083
+11.5%
Share-based compensation
44.5
53.5
41.2
-16.8%
Dividends paid
1,257
1,104
994
+13.9%
Dividend per share
$5.84
$5.18
$4.58
+12.7%
Diluted shares, weighted
222m
222m
222m
+0.1%
Shares outstanding at period end
221m
221m
220m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
13,540
12,080
11,054
+12.1%
Non-controlling interest
548
363
335
+50.9%
Debt
7,637
7,908
3,326
-3.4%
Operating lease liabilities
503
336
n/a
+49.9%
Other liabilities
4,631
4,482
4,228
+3.3%
Total liabilities and equity
26,859
25,168
18,943
+6.7%
Fixed assets
13,255
11,965
10,338
+10.8%
Goodwill
912
892
797
+2.2%
Intangible assets
421
436
420
-3.5%
Investments
1,332
1,105
166
+20.5%
Cash and equivalents
4,469
5,253
2,249
-14.9%
Receivables
1,451
1,275
1,260
+13.8%
Inventory
454
405
388
+12.1%
Other assets
4,566
3,839
3,325
+18.9%
Total assets
26,859
25,168
18,943
+6.7%
10-K for the year ended 30 September 2021, filed 18 November 2021: the filing.