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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating Activities    
Net Income $ 649.8 $ 621.6
Less: Net income attributable to noncontrolling interests 32.4 12.3
Net income attributable to Air Products 617.4 609.3
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 366.8 349.2
Deferred income taxes (6.3) 13.5
Undistributed earnings of equity method investments (48.4) (41.5)
Gain on sale of assets and investments (10.1) (1.4)
Share-based compensation 16.4 13.8
Noncurrent lease receivables 15.0 20.0
Other adjustments (122.6) 33.3
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (47.8) 11.8
Inventories 6.4 (48.6)
Other receivables 9.0 (64.5)
Payables and accrued liabilities 30.5 (268.5)
Other working capital (14.6) 0.2
Cash Provided by Operating Activities 811.7 626.6
Investing Activities    
Additions to plant and equipment, including long-term deposits (2,117.6) (1,445.5)
Investment in financing receivables (15.3) (301.8)
Proceeds from sale of assets and investments 34.4 4.2
Purchases of investments (117.6) (55.5)
Proceeds from investments 5.0 120.1
Other investing activities 29.0 12.9
Cash Used for Investing Activities (2,182.1) (1,665.6)
Financing Activities    
Long-term debt proceeds 459.2 810.4
Payments on long-term debt (12.1) (54.8)
(Decrease) Increase in commercial paper and short-term borrowings (21.5) 1,020.9
Dividends paid to shareholders (393.6) (388.9)
Proceeds from stock option exercises 1.1 5.3
Investments by noncontrolling interests 280.9 34.5
Other financing activities (39.8) (64.6)
Cash Provided by Financing Activities 274.2 1,362.8
Effect of Exchange Rate Changes on Cash (38.0) 21.8
(Decrease) Increase in cash and cash items (1,134.2) 345.6
Cash and cash items – Beginning of year 2,979.7 1,617.0
Cash and Cash Items – End of Period $ 1,845.5 $ 1,962.6