Air Products market cap is $66.5 b, and annual revenue was $8.86 b in FY 2020

Air Products Gross profit (Q1, 2021)742.8 M

Air Products Gross profit margin (Q1, 2021), %31.3%

Air Products Net income (Q1, 2021)482 M

Air Products EBIT (Q1, 2021)539.1 M

Air Products Cash, 31-Dec-20205.8 B

Air Products EV68.7 B

Air Products revenue was $8.86 b in FY, 2020 which is a 0.7% year over year decrease from the previous period.

Air Products revenue breakdown by business segment: 41.0% from Industrial Gases - Americas, 30.7% from Industrial Gases - Asia, 21.8% from Industrial Gases - EMEA and 6.6% from Other

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 8.9b | 8.9b | 8.9b |

| 9% | 0% | (1%) |

## Cost of goods sold | 6.2b | 6.0b | 5.9b |

## Gross profit | 2.7b | 2.9b | 3.0b |

| 31% | 33% | 34% |

## R&D expense | 64.5m | 72.9m | 83.9m |

## General and administrative expense | 760.8m | 750.0m | 775.9m |

## Operating expense total | 775.1m | 799.0m | 760.6m |

## EBIT | 2.0b | 2.1b | 2.2b |

| 22% | 24% | 25% |

## Interest expense | 130.5m | 137.0m | 109.3m |

## Investment income | 174.8m | 215.4m | 264.8m |

## Pre tax profit | 2.0b | 2.3b | 2.4b |

## Income tax expense | 524.3m | 480.1m | 478.4m |

## Net Income | 1.5b | 1.8b | 1.9b |

## EPS | 6.8 | 7.9 | 8.5 |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Revenue | 2.2b | 2.2b | 2.2b | 2.3b | 2.2b | 2.1b | 2.4b |

## Cost of goods sold | 1.5b | 1.5b | 1.5b | 1.5b | 1.5b | 1.3b | 1.6b |

## Gross profit | 680.0m | 713.0m | 758.0m | 768.1m | 756.2m | 720.3m | 742.8m |

| 31% | 33% | 34% | 34% | 34% | 35% | 31% |

## R&D expense | 15.0m | 16.9m | 18.1m | 17.7m | 19.2m | 19.9m | 23.5m |

## General and administrative expense | 189.6m | 190.0m | 188.5m | 201.7m | 201.7m | 176.9m | 202.7m |

## Operating expense total | 225.0m | 196.5m | 188.3m | 207.1m | 179.0m | 181.1m | 203.7m |

## EBIT | 455.0m | 516.5m | 569.7m | 561.0m | 577.2m | 539.2m | 539.1m |

| 20% | 24% | 26% | 25% | 26% | 26% | 23% |

## Interest expense | 37.3m | 35.4m | 34.2m | 18.7m | 19.3m | 32.1m | 36.7m |

## Investment income | 52.9m | 46.2m | 56.4m | 58.2m | 88.2m | 51.2m | 69.3m |

## Pre tax profit | 489.1m | 541.0m | 609.5m | 609.6m | 653.2m | 566.4m | 590.3m |

## Income tax expense | 132.1m | 107.5m | 109.3m | 120.7m | 148.5m | 109.3m | 113.9m |

## Net Income | 357.0m | 433.5m | 500.2m | 475.6m | 490.4m | 457.1m | 482.0m |

## EPS | 1.6 | 1.9 | 2.2 | 2.1 | 2.2 | 2.0 | 2.1 |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 2.8b | 2.2b | 5.3b |

## Accounts Receivable | 1.2b | 1.3b | 1.3b |

## Prepaid Expenses | 129.6m | 77.4m | 164.5m |

## Inventories | 396.1m | 388.3m | 404.8m |

## Current Assets | 5.1b | 4.6b | 8.7b |

## PP&E | 9.9b | 10.3b | 12.0b |

## Goodwill | 788.9m | 797.1m | 891.5m |

## Total Assets | 19.2b | 18.9b | 25.2b |

## Accounts Payable | 1.8b | 1.6b | 1.8b |

## Short-term debt | 460.9m | 98.6m | 477.7m |

## Current Liabilities | 2.3b | 1.8b | 2.4b |

## Long-term debt | 3.4b | 3.2b | 7.4b |

## Non-Current Liabilities | 5.7b | 5.7b | 10.3b |

## Total Debt | 3.8b | 3.3b | 7.9b |

## Total Liabilities | 8.0b | 7.6b | 12.7b |

## Common Stock | 249.4m | 249.4m | 249.4m |

## Additional Paid-in Capital | 1.0b | 1.1b | 1.1b |

## Retained Earnings | 13.4b | 14.1b | 14.9b |

## Total Equity | 11.2b | 11.4b | 12.4b |

## Debt to Equity Ratio | 0.3 x | 0.3 x | 0.6 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.3 x |

## Financial Leverage | 1.7 x | 1.7 x | 2 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 1.5b | 1.8b | 1.9b |

## Depreciation and Amortization | 970.7m | 1.1b | 1.2b |

## Accounts Receivable | (42.8m) | (69.0m) | 43.2m |

## Inventories | (64.2m) | (3.0m) | (5.2m) |

## Accounts Payable | (277.7m) | (41.8m) | (31.9m) |

## Cash From Operating Activities | 2.6b | 3.0b | 3.3b |

## Purchases of PP&E | (1.6b) | (2.0b) | (2.5b) |

## Cash From Investing Activities | (1.6b) | (2.1b) | (3.6b) |

## Short-term Borrowings | (78.5m) | 3.9m | (549.9m) |

## Long-term Borrowings | (418.7m) | (424.7m) | (406.6m) |

## Dividends Paid | (897.8m) | (994.0m) | (1.1b) |

## Cash From Financing Activities | (1.4b) | (1.4b) | 3.3b |

## Net Change in Cash | (482.3m) | (542.6m) | 3.0b |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Net Income | 357.0m | 790.5m | 1.3b | 488.9m | 979.3m | 1.4b | 486.7m |

## Depreciation and Amortization | 258.0m | 520.1m | 789.2m | 289.2m | 583.9m | 874.5m | 323.7m |

## Accounts Receivable | (73.6m) | (55.4m) | (139.5m) | 900.0k | (111.9m) | (106.2m) | (44.1m) |

## Inventories | (10.4m) | (14.2m) | (13.5m) | (8.4m) | (16.5m) | (25.3m) | (9.9m) |

## Accounts Payable | (55.4m) | (125.5m) | (94.8m) | (115.4m) | (111.8m) | (184.7m) | 24.2m |

## Cash From Operating Activities | 655.2m | 1.3b | 2.0b | 667.0m | 1.2b | 2.0b | 774.7m |

## Purchases of PP&E | (403.4m) | (963.5m) | (1.5b) | (447.7m) | (930.6m) | (2.0b) | (664.2m) |

## Cash From Investing Activities | (226.5m) | (882.1m) | (1.4b) | (260.7m) | (706.4m) | (4.3b) | 18.2m |

## Short-term Borrowings | (38.0m) | (6.6m) | 37.7m | (10.4m) | (33.3m) | (48.0m) | 4.5m |

## Long-term Borrowings | (2.6m) | (2.7m) | (5.4m) | (2.8m) | (3.4m) | (3.4m) | (1.1m) |

## Dividends Paid | (241.5m) | (483.1m) | (738.4m) | (255.7m) | (511.7m) | (807.6m) | (296.2m) |

## Cash From Financing Activities | (289.8m) | (459.8m) | (660.8m) | (270.3m) | (537.8m) | 4.0b | (307.1m) |

## Net Change in Cash | 132.0m | (55.4m) | (94.5m) | 157.4m | (28.6m) | 1.7b | 535.0m |

USD | FY, 2018 |
---|---|

## EV/EBIT | 19.2 x |

## EV/CFO | 14.7 x |

## Revenue/Employee | 558.1k |

## Debt/Equity | 0.3 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 1.7 x |

## P/E Ratio | 24.6 |

Air Products's Backlog was reported to be $1.6b in FY, 2020.

FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 | |
---|---|---|---|---|---|

## Backlog | $1.1 b | $5 m | $2 b | $900 m | $1.6 b |

## Countries | 51 | 51 | 51 | 51 | 53 |

## Facilities (Industrial Gases, Americas) | 295 | 400 | 400 | 400 | 425 |

## Facilities (Industrial Gases, Asia) | 150 | 170 | 170 | 170 | 211 |

## Facilities (Industrial Gases, EMEA) | 150 | 150 | 180 | 180 | 200 |

## Patents (Foreign) | 3.9 k | 2.54 k | 2.89 k | 3.73 k | 3.6 k |

## Patents (US) | 970 | 532 | 535 | 857 | 850 |