Air Products & Chemicals (APD) FY2022 results: revenue $12.7 billion, up 23.0% on the year
Air Products & Chemicals, Inc. (APD) reported revenue of $12.7 billion for fiscal 2022, the year ended 30 September 2022, up 23.0% on the year before. Net income was $2.3 billion, up 7.5%, and diluted earnings per share $10.14. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2022.
Revenue
$12.7 billion
+23.0% on the year
FY2015FY2022
Operating margin
18.4%
22.1% a year earlier
FY2015FY2022
Net income
$2.3 billion
+7.5% on the year
FY2015FY2022
Diluted EPS
$10.14
+7.5% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,230
3,342
3,265
-3.3%
Capital expenditure
2,926
2,464
2,509
+18.8%
Free cash flow
304
878
756
-65.4%
Free cash flow margin
2.4%
8.5%
8.5%
Depreciation and amortisation
1,338
1,321
1,185
+1.3%
Share-based compensation
48.4
44.5
53.5
+8.8%
Dividends paid
1,383
1,257
1,104
+10.1%
Dividend per share
$6.36
$5.84
$5.18
+8.9%
Diluted shares, weighted
222m
222m
222m
0.0%
Shares outstanding at period end
222m
221m
221m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
13,144
13,540
12,080
-2.9%
Non-controlling interest
558
548
363
+1.8%
Debt
7,645
7,637
7,908
+0.1%
Operating lease liabilities
592
503
336
+17.6%
Other liabilities
5,253
4,631
4,482
+13.4%
Total liabilities and equity
27,193
26,859
25,168
+1.2%
Fixed assets
14,160
13,255
11,965
+6.8%
Goodwill
823
912
892
-9.7%
Intangible assets
348
421
436
-17.4%
Investments
591
1,332
1,105
-55.6%
Cash and equivalents
2,711
4,469
5,253
-39.3%
Receivables
1,794
1,451
1,275
+23.6%
Inventory
514
454
405
+13.3%
Other assets
6,251
4,566
3,839
+36.9%
Total assets
27,193
26,859
25,168
+1.2%
10-K for the year ended 30 September 2022, filed 22 November 2022: the filing.