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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net Income (Loss) $ (1,087.7) $ 1,202.5
Less: Net income attributable to noncontrolling interests 25.5 20.8
Net income (loss) attributable to Air Products (1,113.2) 1,181.7
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 750.4 710.0
Deferred income taxes (540.1) 6.9
Tax reform repatriation (34.9) 0.0
Business and asset actions 2,927.9 57.0
Undistributed earnings of equity method investments (129.4) (118.2)
Gain on sale of assets and investments (12.3) (18.2)
Share-based compensation 54.7 28.5
Noncurrent lease receivables 28.0 40.2
Other adjustments (87.8) 26.5
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (66.9) 30.9
Inventories (24.4) (72.7)
Other receivables 6.5 (31.6)
Payables and accrued liabilities (47.7) (301.0)
Other working capital (571.0) (111.7)
Cash Provided by Operating Activities 1,139.8 1,428.3
Investing Activities    
Additions to plant and equipment, including long-term deposits (4,009.1) (3,114.9)
Investment in and advances to unconsolidated affiliates (365.4) 0.0
Investment in financing receivables (35.8) (392.4)
Proceeds from sale of assets and investments 36.5 20.2
Purchases of investments (117.6) (136.4)
Proceeds from investments 11.1 367.4
Other investing activities 60.9 30.1
Cash Used for Investing Activities (4,419.4) (3,226.0)
Financing Activities    
Long-term debt proceeds 2,002.5 3,649.0
Payments on long-term debt (332.3) (64.7)
Increase (Decrease) in commercial paper and short-term borrowings 645.6 (131.9)
Dividends paid to shareholders (787.4) (777.9)
Proceeds from stock option exercises 1.1 5.7
Investments by noncontrolling interests 355.7 142.6
Other financing activities (60.1) (110.3)
Cash Provided by Financing Activities 1,825.1 2,712.5
Effect of Exchange Rate Changes on Cash (33.8) 3.2
Increase (Decrease) in cash and cash items (1,488.3) 918.0
Cash and cash items – Beginning of year 2,979.7 1,617.0
Cash and Cash Items – End of Period $ 1,491.4 $ 2,535.0