Air Products & Chemicals Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.19B | $9.52B | $7.82B | $10.44B | $10.18B | $9.61B | $9.67B | $8.62B |
| Americas | $3.64B | $3.34B | — | — | — | — | — | — |
| EMEA (Europe/Middle East/Africa) | $1.78B | $1.70B | — | — | — | — | — | — |
| Asia | $1.96B | $1.72B | — | — | — | — | — | — |
| Industrial Gases - Global | $722.9M | $498.8M | — | — | — | — | — | — |
| Materials Technologies | — | $2.02B | — | — | — | — | — | — |
| Europe | — | — | — | — | — | — | — | — |
| Middle East and India | — | — | — | — | — | — | — | — |
| Corporate and other | $82.6M | $246.1M | — | — | — | — | — | — |
| Cost of Revenue | $5.75B | $5.18B | $5.60B | $7.63B | $7.47B | $7.05B | $7.10B | $6.29B |
| Gross Profit | $2.44B | $2.33B | $2.96B | $2.80B | $2.71B | $2.56B | $2.58B | $2.52B |
| Gross Margin | 29.8% | 24.4% | 37.8% | 26.9% | 26.6% | 26.6% | 26.6% | 29.3% |
| Operating Expenses | ||||||||
| Research & Development | $57.6M | $71.8M | $76.4M | $139.8M | $133.7M | $126.4M | $118.8M | $114.7M |
| SG&A Expense | $713.5M | $683.8M | $773.0M | $1.05B | $1.07B | $946.8M | $941.7M | $886.6M |
| Operating Income | $1.44B | $1.54B | $1.23B | $1.34B | $1.32B | $1.28B | $1.51B | $1.27B |
| Operating Margin | 17.6% | 16.1% | 15.8% | 12.8% | 13.0% | 13.3% | 15.6% | 14.7% |
| Interest Expense | $120.6M | $115.2M | $102.8M | $125.1M | $141.8M | $123.7M | $115.5M | $121.9M |
| Pretax Income | $1.42B | $1.55B | $1.27B | $1.37B | $1.35B | $1.31B | $1.55B | $1.27B |
| Income Tax Expense | $260.9M | $432.6M | $300.2M | $369.4M | $307.9M | $287.3M | $375.3M | $305.7M |
| Net Income | $3.00B | $631.1M | $1.28B | $991.7M | $994.2M | $1.17B | $1.22B | $1.03B |
| Net Margin | 36.6% | 6.6% | 16.3% | 9.5% | 9.8% | 12.1% | 12.7% | 11.9% |
| EPS (Basic) | $13.76 | $2.92 | $5.95 | $4.66 | $4.74 | $5.53 | $5.75 | $4.85 |
| EPS (Diluted) | $13.65 | $2.89 | $5.88 | $4.61 | $4.68 | $5.44 | $5.63 | $4.74 |
| Shares Outstanding (Basic) | 218.0M | 216.4M | 214.9M | 212.7M | 209.7M | 211.2M | 213.0M | 212.2M |
| Shares Outstanding (Diluted) | 219.8M | 218.3M | 217.3M | 215.2M | 212.3M | 214.7M | 217.6M | 217.1M |
| Dividends Per Share | $3.71 | $3.39 | $3.20 | $3.02 | $2.77 | $2.50 | $2.23 | $1.92 |