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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net Income $ 979.3 $ 790.5
Less: Net income attributable to noncontrolling interests of continuing operations 25.9 21.7
Net income attributable to Air Products 953.4 768.8
Loss from discontinued operations 14.3 0.0
Income from continuing operations attributable to Air Products 967.7 768.8
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 583.9 520.1
Deferred income taxes 55.0 27.5
Tax reform repatriation 0.0 46.2
Facility closure 0.0 29.0
Undistributed (earnings) losses of unconsolidated affiliates (101.6) (27.2)
Gain on sale of assets and investments (40.5) (2.3)
Share-based compensation 26.9 21.2
Noncurrent lease receivables 47.1 47.6
Other adjustments 54.0 (3.5)
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (111.9) (55.4)
Inventories (16.5) (14.2)
Other receivables (0.7) 49.6
Payables and accrued liabilities (111.8) (125.5)
Other working capital (113.1) 3.9
Cash Provided by Operating Activities 1,238.5 1,285.8
Investing Activities    
Additions to plant and equipment (930.6) (963.5)
Acquisitions, less cash acquired 0.0 (106.3)
Investment in and advances to unconsolidated affiliates (22.7) (1.4)
Proceeds from sale of assets and investments 68.0 3.8
Purchases of investments 0.0 (5.3)
Proceeds from investments 177.0 187.9
Other investing activities 1.9 2.7
Cash Used for Investing Activities (706.4) (882.1)
Financing Activities    
Payments on long-term debt (3.4) (2.7)
Net decrease in commercial paper and short-term borrowings (33.3) (6.6)
Dividends paid to shareholders (511.7) (483.1)
Proceeds from stock option exercises 20.2 45.4
Other financing activities (9.6) (12.8)
Cash Used for Financing Activities (537.8) (459.8)
Effect of Exchange Rate Changes on Cash (22.9) 0.7
Decrease in cash and cash items (28.6) (55.4)
Cash and Cash items – Beginning of Year 2,248.7 2,791.3
Cash and Cash Items – End of Period $ 2,220.1 $ 2,735.9