XML 20 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities    
Net Income $ 583.8 $ 549.6
Less: Net income (loss) attributable to noncontrolling interests 11.6 (10.8)
Net income attributable to Air Products 572.2 560.4
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 321.5 332.3
Deferred income taxes 13.8 15.7
Distributed (Undistributed) earnings of equity method investments 17.2 (117.3)
Gain on sale of assets and investments (2.3) (0.8)
Share-based compensation 16.1 15.8
Noncurrent lease receivables 19.4 21.8
Other adjustments 99.0 (49.4)
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables 40.4 (132.7)
Inventories (102.8) (33.7)
Other receivables (6.7) 14.0
Payables and accrued liabilities (257.6) 167.6
Other working capital (10.9) (8.5)
Cash Provided by Operating Activities 719.3 785.2
Investing Activities    
Additions to plant and equipment, including long-term deposits (834.2) (663.8)
Acquisitions, less cash acquired 0.0 (34.6)
Investment in and advances to unconsolidated affiliates 0.0 (1,632.7)
Proceeds from sale of assets and investments 4.0 1.1
Purchases of investments (19.2) (727.4)
Proceeds from investments 591.5 1,331.9
Other investing activities 1.7 6.4
Cash Used for Investing Activities (256.2) (1,719.1)
Financing Activities    
Long-term debt proceeds 476.3 51.6
Payments on long-term debt (195.9) (400.0)
Net (decrease) increase in commercial paper and short-term borrowings (4.1) 113.1
Dividends paid to shareholders (359.4) (332.1)
Proceeds from stock option exercises 14.0 13.3
Other financing activities (16.5) (31.0)
Cash Used for Financing Activities (85.6) (585.1)
Effect of Exchange Rate Changes on Cash 42.5 3.8
Increase (Decrease) in cash and cash items 420.0 (1,515.2)
Cash and Cash items – Beginning of year 2,711.0 4,468.9
Cash and Cash Items – End of Period $ 3,131.0 $ 2,953.7