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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net Income $ 585.3 $ 2,442.1
Less: Net income attributable to noncontrolling interests of continuing operations 14.3 12.3
Net income attributable to Air Products 571.0 2,429.8
(Income) Loss from discontinued operations 1.0 (1,873.8)
Income from continuing operations attributable to Air Products 572.0 556.0
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 467.9 417.9
Deferred income taxes (94.4) (68.6)
Tax reform repatriation 310.3 0.0
Undistributed earnings of unconsolidated affiliates 3.1 (31.5)
Gain on sale of assets and investments (2.4) (6.5)
Share-based compensation 22.5 18.5
Noncurrent capital lease receivables 47.2 45.4
Write-down of long-lived assets associated with cost reduction actions 0.0 45.7
Other adjustments 44.7 34.0
Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures:    
Trade receivables (30.2) (53.8)
Inventories 5.5 20.7
Contracts in progress, less progress billings (12.2) (5.0)
Other receivables 23.2 118.4
Payables and accrued liabilities (260.4) (178.6)
Other working capital 13.3 (51.4)
Cash Provided by Operating Activities 1,110.1 861.2
Investing Activities    
Additions to plant and equipment (572.5) (532.2)
Acquisitions, less cash acquired 271.4 0.0
Investment in and advances to unconsolidated affiliates 0.0 (8.9)
Proceeds from sale of assets and investments 34.4 13.5
Purchases of investments (345.7) (1,823.2)
Proceeds from investments 612.9 400.0
Other investing activities (2.6) (1.6)
Cash Used for Investing Activities (544.9) (1,952.4)
Financing Activities    
Long-term debt proceeds 0.5 1.3
Payments on long-term debt (409.2) (469.7)
Net decrease in commercial paper and short-term borrowings (22.4) (816.6)
Dividends paid to shareholders (415.5) (374.0)
Proceeds from stock option exercises 52.7 19.9
Other financing activities (21.7) (22.7)
Cash Used for Financing Activities (815.6) (1,661.8)
Discontinued Operations    
Cash used for operating activities (3.1) (520.8)
Cash provided by investing activities 18.6 3,750.6
Cash provided by financing activities 0.0 69.5
Cash Provided by Discontinued Operations 15.5 3,299.3
Effect of Exchange Rate Changes on Cash 28.2 (7.8)
(Decrease) Increase in cash and cash items (206.7) 538.5
Cash and Cash items – Beginning of Year 3,273.6 1,330.8
Cash and Cash Items – End of Period $ 3,066.9 $ 1,869.3