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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating Activities    
Net Income $ 621.6 $ 583.8
Less: Net income attributable to noncontrolling interests 12.3 11.6
Net income attributable to Air Products 609.3 572.2
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 349.2 321.5
Deferred income taxes 13.5 13.8
(Undistributed) distributed earnings of equity method investments (41.5) 17.2
Gain on sale of assets and investments (1.4) (2.3)
Share-based compensation 13.8 16.1
Noncurrent lease receivables 20.0 19.4
Other adjustments 33.3 99.0
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables 11.8 40.4
Inventories (48.6) (102.8)
Other receivables (64.5) (6.7)
Payables and accrued liabilities (268.5) (257.6)
Other working capital 0.2 (10.9)
Cash Provided by Operating Activities 626.6 719.3
Investing Activities    
Additions to plant and equipment, including long-term deposits (1,445.5) (834.2)
Investment in financing receivables (301.8) 0.0
Proceeds from sale of assets and investments 4.2 4.0
Purchases of investments (55.5) (19.2)
Proceeds from investments 120.1 591.5
Other investing activities 12.9 1.7
Cash Used For Investing Activities (1,665.6) (256.2)
Financing Activities    
Long-term debt proceeds 810.4 476.3
Payments on long-term debt (54.8) (195.9)
Net increase (decrease) in commercial paper and short-term borrowings 1,020.9 (4.1)
Dividends paid to shareholders (388.9) (359.4)
Proceeds from stock option exercises 5.3 14.0
Investments by noncontrolling interests 34.5 0.0
Other financing activities (64.6) (16.5)
Cash Provided by (Used for) Financing Activities 1,362.8 (85.6)
Effect of Exchange Rate Changes on Cash 21.8 42.5
Increase in cash and cash items 345.6 420.0
Cash and cash items – Beginning of year 1,617.0 2,711.0
Cash and Cash Items – End of Period $ 1,962.6 $ 3,131.0