Air Liquide Revenue growth (FY, 2017 - FY, 2018), %3%

Air Liquide Gross profit (FY, 2018)12.7 B

Air Liquide Gross profit margin (FY, 2018), %60.6%

Air Liquide Net income (FY, 2018)2.2 B

Air Liquide EBITDA (FY, 2018)5.2 B

Air Liquide EBIT (FY, 2018)3.3 B

Air Liquide Cash, 31-Dec-20181.7 B

Air Liquide EV12.8 B

Air Liquide revenue was €21.01 b in FY, 2018 which is a 3.3% year over year increase from the previous period.

Air Liquide revenue breakdown by business segment: 95.7% from Gas & Services and 4.3% from Other

Air Liquide revenue breakdown by geographic segment: 32.9% from United States, 23.6% from Europe excl. France, 12.9% from France, 5.8% from Americas excl. United States, 21.6% from Asia Pacific and 3.1% from Other

EUR | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Revenue | 15.4b | 16.4b | 18.1b | 20.3b | 21.0b |

| 7% | 11% | 12% | 3% | |

## Cost of goods sold | 6.0b | 6.2b | 6.7b | 7.7b | 8.3b |

## Gross profit | 9.4b | 10.2b | 11.4b | 12.6b | 12.7b |

| 61% | 62% | 63% | 62% | 61% |

## Operating expense total | 5.7b | 6.1b | 7.0b | 7.7b | 7.7b |

## Depreciation and amortization | 1.2b | 1.4b | 1.6b | 1.8b | 1.8b |

## EBITDA | 3.9b | 4.3b | 4.6b | 5.1b | 5.2b |

| 25% | 26% | 25% | 25% | 25% |

## EBIT | 2.6b | 2.8b | 3.1b | 3.0b | 3.3b |

| 17% | 17% | 17% | 15% | 16% |

## Interest expense | 228.9m | 227.1m | 389.1m | 421.9m | 303.4m |

## Income tax expense | 678.4m | 666.4m | 747.4m | 747.4m | 730.7m |

## Net Income | 1.7b | 1.8b | 1.9b | 2.3b | 2.2b |

- Source: Company Filings

EUR | H1, 2015 | H1, 2016 | H1, 2017 | H1, 2018 |
---|---|---|---|---|

## Revenue | 8.1b | 8.0b | 10.3b | 10.2b |

## Cost of goods sold | 3.0b | 2.9b | 3.9b | 3.9b |

## Gross profit | 5.1b | 5.1b | 6.4b | 6.2b |

| 63% | 64% | 62% | 61% |

## Operating expense total | 3.1b | 3.1b | 3.9b | 3.8b |

## Depreciation and amortization | 693.6m | 718.0m | 900.4m | 878.6m |

## EBITDA | 2.1b | 2.1b | 2.6b | 2.5b |

| 26% | 26% | 25% | 24% |

## EBIT | 1.4b | 1.3b | 1.7b | 1.6b |

| 17% | 16% | 16% | 16% |

## Interest expense | 121.7m | 151.7m | 229.9m | 122.2m |

## Income tax expense | 362.8m | 268.2m | 388.8m | 359.6m |

## Net Income | 888.6m | 853.0m | 976.5m | 1.0b |

- Source: Company Filings

EUR | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Cash | 910.1m | 965.5m | 1.5b | 1.7b | 1.7b |

## Accounts Receivable | 2.9b | 3.0b | 3.1b | 2.9b | 2.5b |

## Inventories | 876.2m | 980.6m | 1.3b | 1.3b | 1.5b |

## Current Assets | 5.3b | 5.7b | 7.0b | 7.0b | 6.8b |

## PP&E | 14.6b | 15.7b | 20.1b | 18.5b | 19.2b |

## Goodwill | 5.3b | 5.7b | 13.9b | 12.8b | 13.3b |

## Total Assets | 26.7b | 28.9b | 44.1b | 41.0b | 42.0b |

## Accounts Payable | 2.2b | 2.3b | 2.5b | 2.4b | 2.7b |

## Short-term debt | 1.2b | 1.9b | 2.0b | 2.5b | 2.6b |

## Current Liabilities | 4.9b | 6.0b | 6.4b | 7.1b | 7.4b |

## Long-term debt | 5.8b | 6.3b | 14.9b | 12.5b | 11.7b |

## Non-Current Liabilities | 9.3b | 10.2b | 20.4b | 17.2b | 16.3b |

## Total Debt | 7.0b | 8.2b | 16.9b | 15.0b | 14.3b |

## Common Stock | 1.7b | 1.9b | 2.1b | 2.4b | 2.4b |

## Additional Paid-in Capital | 81.2m | 15.6m | 3.1b | 2.8b | 2.9b |

## Retained Earnings | 7.3b | 8.9b | 9.8b | 9.1b | 10.5b |

## Total Equity | 10.6b | 12.4b | 16.7b | 16.3b | 18.2b |

## Debt to Equity Ratio | 0.7 x | 0.7 x | 1 x | 0.9 x | 0.8 x |

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.4 x | 0.4 x | 0.3 x |

## Financial Leverage | 2.5 x | 2.3 x | 2.6 x | 2.5 x | 2.3 x |

EUR | H1, 2015 | H1, 2016 | H1, 2017 | H1, 2018 |
---|---|---|---|---|

## Cash | 693.5m | 1.3b | 895.0m | 1.2b |

## Accounts Receivable | 3.1b | 3.4b | 3.1b | 3.1b |

## Inventories | 978.5m | 1.4b | 1.4b | 1.5b |

## Current Assets | 5.5b | 7.3b | 6.3b | 6.6b |

## PP&E | 15.6b | 19.5b | 19.2b | 18.8b |

## Goodwill | 5.6b | 13.5b | 13.3b | 13.1b |

## Total Assets | 28.5b | 43.5b | 41.8b | 41.3b |

## Accounts Payable | 2.1b | 2.3b | 2.3b | 2.4b |

## Short-term debt | 1.9b | 10.1b | 2.6b | 2.9b |

## Current Liabilities | 5.7b | 14.5b | 6.7b | 7.3b |

## Long-term debt | 6.7b | 11.1b | 13.9b | 12.5b |

## Non-Current Liabilities | 10.6b | 16.6b | 18.9b | 17.2b |

## Total Debt | 8.6b | 21.2b | 16.5b | 15.4b |

## Common Stock | 1.9b | 1.9b | 2.1b | 2.4b |

## Additional Paid-in Capital | 7.2m | 110.0m | 3.0b | 2.8b |

## Retained Earnings | 9.2b | 9.3b | 9.7b | 10.3b |

## Total Equity | 12.2b | 12.3b | 16.0b | 1.7b |

## Debt to Equity Ratio | 0.7 x | 1.7 x | 1 x | 9.2 x |

## Debt to Assets Ratio | 0.3 x | 0.5 x | 0.4 x | 0.4 x |

## Financial Leverage | 2.3 x | 3.5 x | 2.6 x | 24.6 x |

EUR | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Net Income | 1.7b | 1.8b | 1.8b | 2.2b | 2.2b |

## Depreciation and Amortization | 1.2b | 1.4b | 1.6b | 1.8b | 1.8b |

## Cash From Operating Activities | 2.8b | 2.8b | 3.7b | 4.3b | 4.7b |

## Purchases of PP&E | (1.9b) | (2.0b) | (2.3b) | (2.2b) | (2.2b) |

## Cash From Investing Activities | (1.8b) | (2.3b) | (13.6b) | (1.8b) | (2.3b) |

## Long-term Borrowings | (1.1b) | ||||

## Dividends Paid | (1.2b) | ||||

## Cash From Financing Activities | (959.8m) | (427.3m) | 10.5b | (2.3b) | (2.5b) |

## Net Change in Cash | 1.9m | 20.5m | 555.1m | 85.2b | 32.9m |

EUR | H1, 2015 | H1, 2016 | H1, 2017 | H1, 2018 |
---|---|---|---|---|

## Net Income | 849.4m | 810.6m | 927.8m | 1.0b |

## Depreciation and Amortization | 693.6m | 724.5m | 903.9m | 878.6m |

## Cash From Operating Activities | 965.0m | 1.2b | 1.6b | 1.8b |

## Purchases of PP&E | (1.0b) | (1.1b) | (1.1b) | (1.1b) |

## Cash From Investing Activities | (1.2b) | (13.1b) | (1.2b) | (1.1b) |

## Cash From Financing Activities | 18.6m | 12.2b | (1.1b) | (1.1b) |

## Net Change in Cash | (260.0m) | 327.6m | (687.6m) | (431.6m) |

EUR | Y, 2018 |
---|---|

## EV/EBITDA | 2.5 x |

## EV/EBIT | 3.9 x |

## EV/CFO | 2.7 x |

## Revenue/Employee | 323.2k |

## Debt/Equity | 0.8 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 2.3 x |

Report incorrect company information

Air Liquide's Patients was reported to be 1.6 m in FY, 2018.

H1, 2015 | FY, 2015 | FY, 2016 | H1, 2017 | FY, 2017 | H1, 2018 | FY, 2018 | |
---|---|---|---|---|---|---|---|

## Customers (Industrial Merchant) | 1 m | 2 m | 2 m | 2 m | 2 m | ||

## Patients | 1.30 m | 1.40 m | 1.50 m | 1.50 m | 1.60 m | ||

## Hospitals | 7.50 m | 15 k | 15 k | 15 k | |||

## Inventions | 3.20 k | 3.36 k | 3.34 k | 3.40 k | |||

## Patent Applications | 271 | 296 | 318 | 309 | |||

## Production Units | 541 | 535 | 533 | 565 | |||

## Large Air Separation Units | 324 | 330 | 333 | 332 | |||

## Hydrogen and Carbon Monoxide Units | 46 | 45 | 45 | 46 | |||

## Cogeneration Units | 17 | 18 | 18 | 19 | |||

## Acetylene Units | 54 | 52 | 55 | 60 | |||

## Nitrous Oxide Units | 7 | 7 | 7 | 7 | |||

## Carbon Dioxide Liquefaction and Purification Units | 68 | 66 | 64 | 72 | |||

## Units for the Hygiene and Specialty Ingredients Business | 5 | 5 | 6 | 8 | |||

## Engineering and Construction Units | 5 | 5 | 5 | 6 | |||

## Biogas Units | 15 | ||||||

## Pipelines Network, miles | 5.70 k | 5.80 k | 5.80 k | 5.80 k | |||

## Countries | 80 | 80 | 80 | 80 | 80 | 80 | 80 |

Report incorrect company information

FY, 2017 | FY, 2016 | FY, 2015 | |
---|---|---|---|

Male, percent | 71 % | 72 % | 72 % |

Female, percent | 29 % | 28 % | 28 % |

Report incorrect company information