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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net Income $ 486.7 $ 488.9
Less: Net income attributable to noncontrolling interest of continuing operations 4.7 13.3
Net income attributable to Air Products 482.0 475.6
Income from discontinued operations (10.3) 0.0
Income from continuing operations attributable to Air Products 471.7 475.6
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 323.7 289.2
Deferred income taxes 47.6 24.4
Undistributed earnings of equity method investments (10.8) (26.2)
Gain on sale of assets and investments (1.1) (1.1)
Share-based compensation 9.8 13.9
Noncurrent lease receivables 21.9 23.5
Other adjustments 19.3 30.8
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (44.1) 0.9
Inventories (9.9) (8.4)
Other receivables (30.1) 1.4
Payables and accrued liabilities 24.2 (115.4)
Other working capital (47.5) (41.6)
Cash Provided by Operating Activities 774.7 667.0
Investing Activities    
Additions to plant and equipment, including long-term deposits (664.2) (447.7)
Investment in and advances to equity method investments (20.0) (7.1)
Proceeds from sale of assets and investments 2.6 15.2
Purchases of investments (158.5) 0.0
Proceeds from investments 855.0 177.0
Other investing activities 3.3 1.9
Cash Provided by (Used for) Investing Activities 18.2 (260.7)
Financing Activities    
Payments on long-term debt (1.1) (2.8)
Net increase (decrease) in commercial paper and short-term borrowings 4.5 (10.4)
Dividends paid to shareholders (296.2) (255.7)
Proceeds from stock option exercises 1.6 5.5
Other financing activities (15.9) (6.9)
Cash Used for Financing Activities (307.1) (270.3)
Effect of Exchange Rate Changes on Cash 49.2 21.4
Increase in cash and cash items 535.0 157.4
Cash and Cash items – Beginning of Year 5,253.0 2,248.7
Cash and Cash Items – End of Period $ 5,788.0 $ 2,406.1