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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Operating Activities      
Net Income $ 1,931.1 $ 1,809.4 $ 1,532.9
Less: Net income attributable to noncontrolling interests of continuing operations 44.4 49.4 35.1
Net Income Attributable to Air Products 1,886.7 1,760.0 1,497.8
Loss (Income) from discontinued operations 14.3 0.0 (42.2)
Income from continuing operations attributable to Air Products 1,901.0 1,760.0 1,455.6
Adjustments to reconcile income to cash provided by operating activities:      
Depreciation and amortization 1,185.0 1,082.8 970.7
Deferred income taxes 165.0 57.6 (55.4)
Tax reform repatriation 0.0 49.4 240.6
Facility closure 0.0 29.0 0.0
Undistributed (earnings) losses of unconsolidated affiliates (161.9) (75.8) (59.8)
Gain on sale of assets and investments (45.8) (24.2) (6.9)
Share-based compensation 53.5 41.2 38.8
Noncurrent lease receivables 91.6 94.6 97.4
Other adjustments 116.4 (19.4) 131.6
Working capital changes that provided (used) cash, excluding effects of acquisitions:      
Trade receivables 43.2 (69.0) (42.8)
Inventories (5.2) (3.0) (64.2)
Other receivables 84.4 79.8 128.3
Payables and accrued liabilities (31.9) (41.8) (277.7)
Other working capital (130.6) 8.7 (9.0)
Cash Provided by Operating Activities 3,264.7 2,969.9 2,547.2
Investing Activities      
Additions to plant and equipment, including long-term deposits (2,509.0) (1,989.7) (1,568.4)
Acquisitions, less cash acquired (183.3) (123.2) (345.4)
Investment in and advances to unconsolidated affiliates (24.4) (15.7) 0.0
Proceeds from sale of assets and investments 80.3 11.1 48.8
Purchases of investments (2,865.5) (172.1) (530.3)
Proceeds from investments 1,938.0 190.5 748.2
Other investing activities 3.9 (14.3) 5.5
Cash Used for Investing Activities (3,560.0) (2,113.4) (1,641.6)
Financing Activities      
Long-term debt proceeds 4,895.8 0.0 0.5
Payments on long-term debt (406.6) (428.6) (418.7)
Net increase (decrease) in commercial paper and short-term borrowings (54.9) 3.9 (78.5)
Dividends paid to shareholders (1,103.6) (994.0) (897.8)
Proceeds from stock option exercises 34.1 68.1 76.2
Other financing activities (80.1) (19.9) (41.5)
Cash Provided by (Used for) Financing Activities 3,284.7 (1,370.5) (1,359.8)
Discontinued Operations      
Cash used for operating activities 0.0 0.0 (12.8)
Cash provided by investing activities 0.0 0.0 18.6
Cash provided by financing activities 0.0 0.0 0.0
Cash Provided by Discontinued Operations 0.0 0.0 5.8
Effect of Exchange Rate Changes on Cash 14.9 (28.6) (33.9)
Increase (Decrease) in cash and cash items 3,004.3 (542.6) (482.3)
Cash and Cash items – Beginning of Year 2,248.7 2,791.3 3,273.6
Cash and Cash Items – End of Period $ 5,253.0 $ 2,248.7 $ 2,791.3