XML 78 R7.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Cash Flows (USD $)
In Millions
9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net Income $ 922.4 $ 776.5
Less: Net income attributable to noncontrolling interests 23.0 19.5
Net Income Attributable to Air Products 899.4 757.0
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 657.3 648.8
Deferred income taxes 74.2 80.7
Undistributed earnings of unconsolidated affiliates (18.4) (35.2)
Gain on sale of assets and investments (6.1) (9.1)
Share-based compensation 33.1 36.6
Noncurrent capital lease receivables (155.7) (72.7)
Net loss on Airgas transaction 48.5 61.3
Payment of acquisition related costs (156.2) (8.8)
Other adjustments 59.4 39.3
Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures:    
Trade receivables (105.5) (151.3)
Inventories (43.9) (9.5)
Contracts in progress, less progress billings 20.9 4.6
Other receivables 3.0 (8.4)
Payables and accrued liabilities (167.6) (315.9)
Other working capital (13.7) 15.8
Cash Provided by Operating Activities 1,128.7 1,033.2
Investing Activities    
Additions to plant and equipment (965.3) (757.2)
Acquisitions, less cash acquired (9.9) (37.2)
Investment in and advances to unconsolidated affiliates (46.0) (4.7)
Investment in Airgas stock   (69.6)
Proceeds from sale of Airgas stock 94.7  
Proceeds from sale of assets and investments 62.3 32.6
Change in restricted cash 13.0 28.2
Cash Used for Investing Activities (851.2) (807.9)
Financing Activities    
Long-term debt proceeds 59.2 110.9
Payments on long-term debt (182.4) (109.8)
Net increase (decrease) in commercial paper and short-term borrowings 411.9 (50.0)
Dividends paid to shareholders (333.0) (294.6)
Purchase of treasury stock (350.0)  
Proceeds from stock option exercises 124.4 42.3
Excess tax benefit from share-based compensation 40.3 11.1
Other financing activities (2.8) (9.9)
Cash Used for Financing Activities (232.4) (300.0)
Effect of Exchange Rate Changes on Cash 10.7 (8.2)
Increase (Decrease) in Cash and Cash Items 55.8 (82.9)
Cash and Cash Items - Beginning of Year 374.3 488.2
Cash and Cash Items - End of Period 430.1 405.3
Significant noncash transactions:    
Short-term borrowings associated with SAGA acquisition   54.6
Noncurrent liability related to the purchase of shares from noncontrolling interests   $ 39.8