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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Operating Activities      
Net Income $ 2,266.5 $ 2,114.9 $ 1,931.1
Less: Net income attributable to noncontrolling interests of continuing operations 10.4 15.8 44.4
Net Income Attributable to Air Products 2,256.1 2,099.1 1,886.7
Net (income) loss from discontinued operations (12.6) (70.3) 14.3
Net income from continuing operations attributable to Air Products 2,243.5 2,028.8 1,901.0
Adjustments to reconcile income to cash provided by operating activities:      
Depreciation and amortization 1,338.2 1,321.3 1,185.0
Deferred income taxes 32.3 94.0 165.0
Facility closure 0.0 23.2 0.0
Business and asset actions 73.7 0.0 0.0
Undistributed earnings of equity method investments (214.7) (138.2) (161.9)
Gain on sale of assets and investments (24.1) (37.2) (45.8)
Share-based compensation 48.4 44.5 53.5
Noncurrent lease receivables 94.0 98.8 91.6
Other adjustments (304.9) (116.7) 116.4
Working capital changes that provided (used) cash, excluding effects of acquisitions:      
Trade receivables (475.2) (130.5) 43.2
Inventories (94.3) (47.2) (5.2)
Other receivables (1.8) 75.5 84.4
Payables and accrued liabilities 532.5 187.9 (31.9)
Other working capital (77.0) (69.0) (130.6)
Cash Provided by Operating Activities 3,170.6 3,335.2 3,264.7
Investing Activities      
Additions to plant and equipment, including long-term deposits (2,926.5) (2,464.2) (2,509.0)
Acquisitions, less cash acquired (65.1) (10.5) (183.3)
Investment in and advances to unconsolidated affiliates (1,658.4) (76.0) (24.4)
Proceeds from sale of assets and investments 46.2 37.5 80.3
Purchases of investments (1,637.8) (2,100.7) (2,865.5)
Proceeds from investments 2,377.4 1,875.2 1,938.0
Other investing activities 7.0 5.8 3.9
Cash Used for Investing Activities (3,857.2) (2,732.9) (3,560.0)
Financing Activities      
Long-term debt proceeds 766.2 178.9 4,895.8
Payments on long-term debt (400.0) (462.9) (406.6)
Net increase (decrease) in commercial paper and short-term borrowings 17.9 1.0 (54.9)
Dividends paid to shareholders (1,383.3) (1,256.7) (1,103.6)
Proceeds from stock option exercises 19.3 10.6 34.1
Investments by noncontrolling interests 21.0 136.6 17.1
Other financing activities (41.7) (28.4) (97.2)
Cash Provided by (Used for) Financing Activities (1,000.6) (1,420.9) 3,284.7
Discontinued Operations      
Cash provided by operating activities 59.6 6.7 0.0
Cash provided by investing activities 0.0 0.0 0.0
Cash provided by financing activities 0.0 0.0 0.0
Cash Provided by Discontinued Operations 59.6 6.7 0.0
Effect of Exchange Rate Changes on Cash (130.3) 27.8 14.9
Increase (Decrease) in cash and cash items (1,757.9) (784.1) 3,004.3
Cash and Cash items – Beginning of Year 4,468.9 5,253.0 2,248.7
Cash and Cash Items – End of Period $ 2,711.0 $ 4,468.9 $ 5,253.0