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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net Income $ 1,073.2 $ 2,546.2
Less: Net income attributable to noncontrolling interests of continuing operations 28.3 14.5
Net income attributable to Air Products 1,044.9 2,531.7
Income from discontinued operations (42.2) (1,871.5)
Income from continuing operations attributable to Air Products 1,002.7 660.2
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 713.5 634.8
Deferred income taxes (86.9) (78.1)
Tax reform repatriation 310.3 0.0
Undistributed earnings of unconsolidated affiliates (27.7) (34.4)
Gain on sale of assets and investments (5.2) (7.9)
Share-based compensation 30.4 27.4
Noncurrent capital lease receivables 73.7 69.4
Goodwill and intangible asset impairment charge 0.0 162.1
Equity method investment impairment charge 0.0 79.5
Write-down of long-lived assets associated with cost reduction actions 0.0 59.1
Other adjustments (23.2) 110.7
Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures:    
Trade receivables (50.5) (25.7)
Inventories 16.0 44.8
Contracts in progress, less progress billings (10.4) (18.6)
Other receivables 95.9 80.0
Payables and accrued liabilities (164.9) (99.9)
Other working capital (10.4) (50.0)
Cash Provided by Operating Activities 1,863.3 1,613.4
Investing Activities    
Additions to plant and equipment (1,158.1) (806.8)
Acquisitions, less cash acquired 320.2 0.0
Investment in and advances to unconsolidated affiliates 0.0 (8.1)
Proceeds from sale of assets and investments 45.8 20.7
Purchases of investments (349.8) (2,488.6)
Proceeds from investments 745.2 1,473.5
Other investing activities (1.8) (1.5)
Cash Used for Investing Activities (1,038.9) (1,810.8)
Financing Activities    
Long-term debt proceeds 0.5 2.2
Payments on long-term debt (418.2) (483.5)
Net decrease in commercial paper and short-term borrowings (46.1) (799.2)
Dividends paid to shareholders (656.6) (580.9)
Proceeds from stock option exercises 58.2 38.2
Other financing activities (35.6) (31.2)
Cash Used for Financing Activities (1,097.8) (1,854.4)
Discontinued Operations    
Cash used for operating activities (12.8) (768.0)
Cash provided by investing activities 18.6 3,750.6
Cash provided by financing activities 0.0 69.5
Cash Provided by Discontinued Operations 5.8 3,052.1
Effect of Exchange Rate Changes on Cash (19.5) 1.5
(Decrease) Increase in cash and cash items (287.1) 1,001.8
Cash and Cash items – Beginning of Year 3,273.6 1,330.8
Cash and Cash Items – End of Period $ 2,986.5 $ 2,332.6