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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net Income $ 2,546.2 $ 260.6
Less: Net income attributable to noncontrolling interests of continuing operations 14.5 17.5
Less: Net income attributable to noncontrolling interests of discontinued operations 0.0 6.0
Net Income Attributable to Air Products 2,531.7 237.1
(Income) Loss from discontinued operations (1,871.5) 573.0
Income from continuing operations attributable to Air Products 660.2 810.1
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 634.8 642.1
Deferred income taxes (78.1) 75.6
Undistributed earnings of unconsolidated affiliates (34.4) (34.2)
Gain on sale of assets and investments (7.9) (1.4)
Share-based compensation 27.4 23.9
Noncurrent capital lease receivables 69.4 61.5
Goodwill and intangible asset impairment charge 162.1 0.0
Equity method investment impairment charge 79.5 0.0
Write-down of long-lived assets associated with cost reduction actions 59.1 0.0
Other adjustments 110.7 107.3
Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures:    
Trade receivables (25.7) (173.8)
Inventories 44.8 13.6
Contracts in progress, less progress billings (18.6) (6.0)
Other receivables 80.0 (70.4)
Payables and accrued liabilities (99.9) 61.0
Other working capital (50.0) 12.9
Cash Provided by Operating Activities 1,613.4 1,522.2
Investing Activities    
Additions to plant and equipment (806.8) (700.9)
Investment in and advances to unconsolidated affiliates (8.1) 0.0
Proceeds from sale of assets and investments 20.7 44.1
Purchases of investments (2,488.6) 0.0
Proceeds from investments 1,473.5 0.0
Other investing activities (1.5) (1.7)
Cash Used for Investing Activities (1,810.8) (658.5)
Financing Activities    
Long-term debt proceeds 2.2 388.3
Payments on long-term debt (483.5) (121.7)
Net decrease in commercial paper and short-term borrowings (799.2) (434.3)
Dividends paid to shareholders (580.9) (534.9)
Proceeds from stock option exercises 38.2 76.2
Other financing activities (31.2) (29.5)
Cash Used for Financing Activities (1,854.4) (655.9)
Discontinued Operations    
Cash (used for) provided by operating activities (768.0) 269.2
Cash provided by (used for) investing activities 3,750.6 (160.9)
Cash provided by (used for) financing activities 69.5 (11.4)
Cash Provided by Discontinued Operations 3,052.1 96.9
Effect of Exchange Rate Changes on Cash 1.5 3.7
Increase in Cash and Cash Items 1,001.8 308.4
Cash and Cash Items – Beginning of Year 1,330.8 206.4
Cash and Cash Items – End of Period 2,332.6 514.8
Less: Cash and Cash Items - Discontinued Operations 0.0 76.3
Cash and Cash Items - Continuing Operations $ 2,332.6 $ 438.5