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ANNUAL CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Operating Activities      
Net income $ 204.7 $ 200.2 $ 217.2
Less: Net Income Attributable to Non-controlling Interests 7.2 6.9 7.9
Net Income Attributable to Versum 197.5 193.3 209.3
Adjustments to reconcile income to cash provided by operating activities:      
Depreciation and amortization 50.8 46.0 46.9
Deferred income taxes 1.5 3.0 (0.1)
Undistributed earnings of unconsolidated affiliates 0.0 0.0 (0.2)
Gain on sale of assets (0.3) (2.0) (1.0)
Share-based compensation 10.1 8.3 5.0
Gain on sale of long-lived assets associated with restructuring 0.0 0.0 (3.2)
Other adjustments 21.1 5.9 0.6
Working capital changes that provided (used) cash:      
Trade receivables (42.2) (16.3) (2.1)
Inventories (15.3) (23.1) 3.0
Contracts in progress, less progress billings (5.6) 4.4 (9.2)
Payables and accrued liabilities 14.8 16.5 (5.1)
Accrued income taxes 50.9 5.9 11.0
Other working capital (5.0) 20.6 (1.5)
Cash Provided by Operating Activities 278.3 262.5 253.4
Investing Activities      
Additions to plant and equipment (115.4) (64.0) (35.8)
Proceeds from sale of assets and investments 1.4 3.6 43.4
Acquisition of business 0.0 (13.2) 0.0
Transfer to restricted cash 0.0 0.0 (69.5)
Cash Used for Investing Activities (114.0) (73.6) (61.9)
Financing Activities      
Proceeds from issuance of long-term debt 0.0 0.0 572.1
Payments on long-term debt (5.8) (5.8) 0.0
Debt issuance costs 0.0 (1.7) (9.3)
Net transfers to Air Products 0.0 0.0 (660.7)
Dividends paid to shareholders (24.0) (10.9) 0.0
Dividends paid to non-controlling interests (7.7) (7.6) (7.6)
Other financing activities 0.4 1.3 0.0
Cash Used for Financing Activities (37.1) (24.7) (105.5)
Effect of Exchange Rate Changes on Cash 1.2 1.6 1.8
Increase in Cash and Cash Items 128.4 165.8 87.8
Cash and Cash items-Beginning of Year 271.4 105.6 17.8
Cash and Cash items-End of Period 399.8 271.4 105.6
Cash paid for interest on debt 45.9 43.1 0.0
Cash paid for taxes $ 68.3 $ 42.9 $ 0.0