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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net Income $ 1,496.1 $ 1,436.4
Less: Net income attributable to noncontrolling interest of continuing operations 7.4 36.5
Net income attributable to Air Products 1,488.7 1,399.9
(Income) Loss from discontinued operations (18.5) 14.3
Income from continuing operations attributable to Air Products 1,470.2 1,414.2
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 988.7 874.5
Deferred income taxes 87.0 160.0
Facility closure 23.2 0.0
Undistributed earnings of equity method investments (77.8) (111.0)
Gain on sale of assets and investments (30.3) (36.9)
Share-based compensation 34.6 39.4
Noncurrent lease receivables 78.3 69.1
Other adjustments (26.8) 107.6
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (84.3) (106.2)
Inventories (36.4) (25.3)
Other receivables 53.6 (23.2)
Payables and accrued liabilities 139.8 (184.7)
Other working capital (110.9) (164.3)
Cash Provided by Operating Activities 2,508.9 2,013.2
Investing Activities    
Additions to plant and equipment, including long-term deposits (1,847.8) (2,045.2)
Acquisitions, less cash acquired (9.8) 0.0
Investment in and advances to unconsolidated affiliates (75.9) (24.4)
Proceeds from sale of assets and investments 30.0 74.3
Purchases of investments (1,953.8) (2,515.5)
Proceeds from investments 1,535.2 177.0
Other investing activities 4.1 2.9
Cash Used for Investing Activities (2,318.0) (4,330.9)
Financing Activities    
Long-term debt proceeds 160.9 4,895.7
Payments on long-term debt (462.8) (3.4)
Net increase (decrease) in commercial paper and short-term borrowings 38.7 (48.0)
Dividends paid to shareholders (924.7) (807.6)
Proceeds from stock option exercises 8.1 23.2
Other financing activities (23.3) (54.4)
Cash (Used for) Provided by Financing Activities (1,203.1) 4,005.5
Discontinued Operations    
Cash provided by operating activities 6.7 0.0
Cash provided by investing activities 0.0 0.0
Cash provided by financing activities 0.0 0.0
Cash Provided by Discontinued Operations 6.7 0.0
Effect of Exchange Rate Changes on Cash 44.1 (15.1)
(Decrease) Increase in cash and cash items (961.4) 1,672.7
Cash and Cash items – Beginning of year 5,253.0 2,248.7
Cash and Cash Items – End of Period $ 4,291.6 $ 3,921.4