XML 28 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income including noncontrolling interests $ 523.8 $ 488.8 $ 414.0
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:      
Depreciation and amortization 416.3 400.9 374.1
Deferred income taxes, net 110.1 77.4 13.7
Provision for uncollectible accounts 30.7 21.7 31.6
Changes in unrealized (gains) losses on derivative instruments (82.0) (91.6) 119.1
Equity-based compensation expense 19.3 23.8 29.2
Loss on extinguishments of debt 59.7 48.9 0.0
Settlement of UGI Utilities interest rate protection agreements 0.0 (36.0) 0.0
Loss on private equity partnership investment 11.0 0.0 0.0
Other, net 44.1 (7.3) (9.7)
Net change in:      
Accounts receivable and accrued utility revenues (103.6) 37.3 163.3
Inventories (64.7) 29.4 181.4
Utility deferred fuel costs, net of changes in unsettled derivatives (15.4) (22.7) 51.8
Accounts payable 49.9 (40.0) (134.9)
Other current assets (37.5) (8.6) (25.6)
Other current liabilities 2.7 47.7 (44.2)
Net cash provided by operating activities 964.4 969.7 1,163.8
CASH FLOWS FROM INVESTING ACTIVITIES      
Expenditures for property, plant and equipment (638.9) (563.8) (490.6)
Acquisitions of businesses, net of cash acquired (101.6) (61.2) (447.5)
Decrease (increase) in restricted cash 6.1 53.7 (52.8)
Other, net (29.0) 12.7 14.6
Net cash used by investing activities (763.4) (558.6) (976.3)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends on UGI Common Stock (168.9) (160.7) (153.5)
Distributions on AmeriGas Partners publicly held Common Units (261.6) (257.3) (248.9)
Issuances of debt, net of issuance costs 1,307.1 1,629.5 660.3
Repayments of debt, including redemption premiums (1,064.8) (1,569.9) (429.4)
Receivables Facility net borrowings 13.5 6.0 12.0
Increase (decrease) in short-term borrowings 61.2 95.7 (31.9)
Issuances of UGI Common Stock 11.0 13.7 11.9
Repurchases of UGI Common Stock (43.3) (47.6) (34.1)
Other (0.8) 15.5 (3.5)
Net cash used by financing activities (146.6) (275.1) (217.1)
Effect of exchange rate changes on cash and cash equivalents 1.2 (2.9) (20.2)
Cash and cash equivalents increase (decrease) 55.6 133.1 (49.8)
CASH AND CASH EQUIVALENTS      
End of year 558.4 502.8 369.7
Beginning of year 502.8 369.7 419.5
Increase (decrease) 55.6 133.1 (49.8)
Cash paid for:      
Interest 202.1 228.9 227.0
Income taxes $ 98.0 $ 134.5 $ 173.1