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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Operating Activities      
Net Income $ 3,862.4 $ 2,338.6 $ 2,266.5
Less: Net income attributable to noncontrolling interests of continuing operations 34.2 38.4 10.4
Net Income Attributable to Air Products 3,828.2 2,300.2 2,256.1
Net loss (income) from discontinued operations 13.9 (7.4) (12.6)
Net income from continuing operations attributable to Air Products 3,842.1 2,292.8 2,243.5
Adjustments to reconcile income to cash provided by operating activities:      
Depreciation and amortization 1,451.1 1,358.3 1,338.2
Deferred income taxes (69.3) (24.7) 32.3
Gain on sale of business (1,575.6) 0.0 0.0
Business and asset actions 57.0 244.6 73.7
Undistributed earnings to equity method investments (206.0) (261.2) (214.7)
Gain on sale of assets and investments (31.4) (15.8) (24.1)
Share-based compensation 61.8 59.9 48.4
Noncurrent lease receivables 116.2 79.6 94.0
Other adjustments 183.8 (103.0) (304.9)
Working capital changes that provided (used) cash, excluding effects of acquisitions:      
Trade receivables (111.0) 130.7 (475.2)
Inventories (137.8) (129.4) (94.3)
Other receivables 34.4 (93.8) (1.8)
Payables and accrued liabilities (338.7) (213.3) 532.5
Other working capital 370.1 (119.0) (77.0)
Cash Provided by Operating Activities 3,646.7 3,205.7 3,170.6
Investing Activities      
Additions to plant and equipment, including long-term deposits (6,796.7) (4,626.4) (2,926.5)
Acquisitions, less cash acquired 0.0 0.0 (65.1)
Investment in and advances to unconsolidated affiliates 0.0 (912.0) (1,658.4)
Investment in financing receivables (403.0) (665.1) 0.0
Proceeds from sale of assets and investments 1,878.8 25.4 46.2
Purchases of investments (141.4) (640.1) (1,637.8)
Proceeds from investments 470.7 897.0 2,377.4
Other investing activities 72.4 4.8 7.0
Cash Used for Investing Activities (4,919.2) (5,916.4) (3,857.2)
Financing Activities      
Long-term debt proceeds 4,678.3 3,516.2 766.2
Payments on long-term debt (486.2) (615.4) (400.0)
(Decrease) Increase in commercial paper and short-term borrowings (289.9) 268.2 17.9
Dividends paid to shareholders (1,564.9) (1,496.6) (1,383.3)
Proceeds from stock option exercises 7.9 24.0 19.3
Investments by noncontrolling interests 428.5 234.9 21.0
Distributions to noncontrolling interests (25.8) (115.9) (4.8)
Other financing activities (132.5) (205.8) (36.9)
Cash Provided by (Used for) Financing Activities 2,615.4 1,609.6 (1,000.6)
Discontinued Operations      
Cash provided by operating activities 0.0 0.6 59.6
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 0.0 0.6 59.6
Effect of Exchange Rate Changes on Cash 19.8 6.5 (130.3)
Increase (Decrease) in cash and cash items 1,362.7 (1,094.0) (1,757.9)
Cash and cash items – Beginning of year 1,617.0 2,711.0 4,468.9
Cash and Cash Items – End of Period $ 2,979.7 $ 1,617.0 $ 2,711.0