Air Products Chemicals Inc
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Business Segment Information
- BUSINESS SEGMENT INFORMATION
Our reportable segments reflect the manner in which our chief operating decision maker reviews results and allocates resources. Our reportable segments are as follows:
Americas;
Asia;
Europe;
Middle East and India; and
Corporate and other.
Except for the Corporate and other segment, each reportable segment meets the definition of an operating segment and does not include the aggregation of multiple operating segments. Our Corporate and other segment includes the aggregation of three operating segments that meet the aggregation criteria under GAAP.
Summary by Business Segment
| Americas · Asia · Europe · Middle East and India · Corporate and other · Total | |||||||
|---|---|---|---|---|---|---|---|
| Three Months Ended 30 June 2024 | |||||||
| Sales | $1,234.7 | $789.6 | $693.4 | $32.8 | $235.0 | $2,985.5 | (A) |
| Operating income (loss) | 391.1 | 200.1 | 204.7 | (1.4) | (56.9) | 737.6 | (B) |
| Depreciation and amortization | 175.6 | 115.5 | 52.2 | 6.8 | 10.2 | 360.3 | |
| Equity affiliates' income | 37.5 | 8.7 | 26.3 | 89.2 | 7.2 | 168.9 | |
| Three Months Ended 30 June 2023 | |||||||
| Sales | $1,260.7 | $822.9 | $706.6 | $39.7 | $204.0 | $3,033.9 | (A) |
| Operating income (loss) | 374.8 | 240.8 | 176.1 | 5.8 | (94.3) | 703.2 | (B) |
| Depreciation and amortization | 163.1 | 108.3 | 48.6 | 7.0 | 12.9 | 339.9 | |
| Equity affiliates' income | 29.9 | 7.5 | 28.8 | 95.5 | 3.3 | 165.0 | |
(A)Sales relate to external customers only. All intersegment sales are eliminated in consolidation.
(B)Refer to the "Reconciliation to Consolidated Results" section below.
| Americas · Asia · Europe · Middle East and India · Corporate and other · Total | |||||||
|---|---|---|---|---|---|---|---|
| Nine Months Ended 30 June 2024 | |||||||
| Sales | $3,732.6 | $2,363.1 | $2,092.5 | $103.9 | $621.0 | $8,913.1 | (A) |
| Operating income (loss) | 1,117.4 | 614.9 | 603.3 | 8.1 | (245.0) | 2,098.7 | (B) |
| Depreciation and amortization | 519.4 | 343.7 | 151.2 | 20.1 | 35.9 | 1,070.3 | |
| Equity affiliates' income | 118.8 | 21.2 | 58.7 | 256.0 | 15.9 | 470.6 | |
| Nine Months Ended 30 June 2023 | |||||||
| Sales | $4,018.0 | $2,414.6 | $2,251.4 | $125.9 | $598.8 | $9,408.7 | (A) |
| Operating income (loss) | 1,042.0 | 709.7 | 495.1 | 13.8 | (260.0) | 2,000.6 | (B) |
| Depreciation and amortization | 480.8 | 320.2 | 141.2 | 20.2 | 38.6 | 1,001.0 | |
| Equity affiliates' income | 74.4 | 22.2 | 76.0 | 258.5 | 9.8 | 440.9 | |
| Total Assets | |||||||
| 30 June 2024 | $11,889.9 | $7,147.9 | $5,334.3 | $7,629.9 | $4,972.3 | $36,974.3 | |
| 30 September 2023 | 9,927.5 | 7,009.6 | 4,649.8 | 5,708.4 | 4,707.2 | 32,002.5 | |
(A)Sales relate to external customers only. All intersegment sales are eliminated in consolidation.
(B)Refer to the "Reconciliation to Consolidated Results" section below.
Reconciliation to Consolidated Results
The table below reconciles total operating income disclosed in the table above to consolidated operating income as reflected on our consolidated income statements:
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| 30 June | 30 June | |||
| Operating Income | 2024 | 2023 | 2024 | 2023 |
| Total | $737.6 | $703.2 | $2,098.7 | $2,000.6 |
| Business and asset actions | — | (59.0) | (57.0) | (244.6) |
| Consolidated Operating Income | $737.6 | $644.2 | $2,041.7 | $1,756.0 |
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