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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net Income $ 1,673.5 $ 1,496.1
Less: Net income attributable to noncontrolling interests of continuing operations 0.5 7.4
Net income attributable to Air Products 1,673.0 1,488.7
Income from discontinued operations 0.0 (18.5)
Income from continuing operations attributable to Air Products 1,673.0 1,470.2
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 1,005.4 988.7
Deferred income taxes 69.0 87.0
Facility closure 0.0 23.2
Undistributed earnings of equity method investments (184.8) (77.8)
Gain on sale of assets and investments (21.4) (30.3)
Share-based compensation 37.0 34.6
Noncurrent lease receivables 65.5 78.3
Other adjustments (139.2) (26.8)
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (389.7) (84.3)
Inventories (80.8) (36.4)
Other receivables (22.8) 53.6
Payables and accrued liabilities 320.1 139.8
Other working capital (118.1) (110.9)
Cash Provided by Operating Activities 2,213.2 2,508.9
Investing Activities    
Additions to plant and equipment, including long-term deposits (2,139.1) (1,847.8)
Acquisitions, less cash acquired (65.1) (9.8)
Investment in and advances to unconsolidated affiliates (1,650.9) (75.9)
Proceeds from sale of assets and investments 32.8 30.0
Purchases of investments (1,247.9) (1,953.8)
Proceeds from investments 2,219.2 1,535.2
Other investing activities 6.9 4.1
Cash Used for Investing Activities (2,844.1) (2,318.0)
Financing Activities    
Long-term debt proceeds 357.0 160.9
Payments on long-term debt (400.0) (462.8)
Net increase in commercial paper and short-term borrowings 255.0 38.7
Dividends paid to shareholders (1,023.9) (924.7)
Proceeds from stock option exercises 16.3 8.1
Other financing activities (16.5) (23.3)
Cash Used for Financing Activities (812.1) (1,203.1)
Cash provided by operating activities 0.0 6.7
Cash provided by investing activities 0.0 0.0
Cash provided by financing activities 0.0 0.0
Cash Provided by Discontinued Operations 0.0 6.7
Effect of Exchange Rate Changes on Cash (68.5) 44.1
Decrease in cash and cash items (1,511.5) (961.4)
Cash and Cash items – Beginning of year 4,468.9 5,253.0
Cash and Cash Items – End of Period $ 2,957.4 $ 4,291.6