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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities    
Net Income $ 549.6 $ 486.7
Less: Net (loss) income attributable to noncontrolling interests of continuing operations (10.8) 4.7
Net income attributable to Air Products 560.4 482.0
Income from discontinued operations 0.0 (10.3)
Income from continuing operations attributable to Air Products 560.4 471.7
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 332.3 323.7
Deferred income taxes 15.7 47.6
Undistributed earnings of equity method investments (117.3) (10.8)
Gain on sale of assets and investments (0.8) (1.1)
Share-based compensation 15.8 9.8
Noncurrent lease receivables 21.8 21.9
Other adjustments (49.4) 19.3
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (132.7) (44.1)
Inventories (33.7) (9.9)
Other receivables 14.0 (30.1)
Payables and accrued liabilities 167.6 24.2
Other working capital (8.5) (47.5)
Cash Provided by Operating Activities 785.2 774.7
Investing Activities    
Additions to plant and equipment, including long-term deposits (663.8) (664.2)
Acquisitions, less cash acquired (34.6) 0.0
Investment in and advances to unconsolidated affiliates (1,632.7) (20.0)
Proceeds from sale of assets and investments 1.1 2.6
Purchases of investments (727.4) (158.5)
Proceeds from investments 1,331.9 855.0
Other investing activities 6.4 3.3
Cash (Used for) Provided by Investing Activities (1,719.1) 18.2
Financing Activities    
Long-term debt proceeds 51.6 0.0
Payments on long-term debt (400.0) (1.1)
Net increase in commercial paper and short-term borrowings 113.1 4.5
Dividends paid to shareholders (332.1) (296.2)
Proceeds from stock option exercises 13.3 1.6
Other financing activities (31.0) (15.9)
Cash Used for Financing Activities (585.1) (307.1)
Effect of Exchange Rate Changes on Cash 3.8 49.2
(Decrease) Increase in cash and cash items (1,515.2) 535.0
Cash and Cash items – Beginning of year 4,468.9 5,253.0
Cash and Cash Items – End of Period $ 2,953.7 $ 5,788.0