This company has been moved to the archive! The financial data has not been updated since August 9, 2021.
Cash Flow Statement
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Air Products & Chemicals Inc., consolidated cash flow statement
US$ in thousands
12 months ended:
Sep 30, 2020
Sep 30, 2019
Sep 30, 2018
Sep 30, 2017
Sep 30, 2016
Sep 30, 2015
Net income
1,931,100)
1,809,400)
1,532,900)
3,021,200)
661,500)
1,317,600)
Net income attributable to noncontrolling interests
(44,400)
(49,400)
(35,100)
(20,800)
(30,400)
(39,700)
Net income attributable to Air Products
1,886,700)
1,760,000)
1,497,800)
3,000,400)
631,100)
1,277,900)
(Income) loss from discontinued operations
14,300)
—)
(42,200)
(1,866,000)
884,200)
—)
Income from continuing operations attributable to Air Products
1,901,000)
1,760,000)
1,455,600)
1,134,400)
1,515,300)
1,277,900)
Depreciation and amortization
1,185,000)
1,082,800)
970,700)
865,800)
925,900)
936,400)
Deferred income taxes
165,000)
57,600)
(55,400)
(38,000)
62,900)
2,900)
Loss on extinguishment of debt
—)
—)
—)
—)
6,900)
16,600)
Tax reform repatriation
—)
49,400)
240,600)
—)
—)
—)
Facility closure
—)
29,000)
—)
—)
—)
—)
Gain on previously held equity interest
—)
—)
—)
—)
—)
(17,900)
Undistributed earnings of unconsolidated affiliates
(161,900)
(75,800)
(52,300)
(60,100)
(51,800)
(102,600)
Gain on sale of assets and investments
(45,800)
(24,200)
(6,900)
(24,300)
(10,000)
(30,100)
Share-based compensation
53,500)
41,200)
38,800)
39,900)
37,600)
45,700)
Noncurrent lease receivables
91,600)
94,600)
97,400)
92,200)
85,500)
(9,500)
Goodwill and intangible asset impairment charge
—)
—)
—)
162,100)
—)
—)
Equity method investment impairment charge
—)
—)
—)
79,500)
—)
—)
Write-down of long-lived assets associated with cost reduction actions
—)
—)
—)
69,200)
—)
47,400)
Other adjustments
116,400)
(19,400)
131,600)
165,400)
155,200)
52,200)
Trade receivables
43,200)
(69,000)
(42,800)
(73,600)
(61,700)
(29,700)
Inventories
(5,200)
(3,000)
(64,200)
6,400)
32,900)
8,300)
Other receivables
84,400)
79,800)
128,300)
105,400)
9,100)
86,700)
Payables and accrued liabilities
(31,900)
(41,800)
(277,700)
163,800)
57,000)
157,800)
Other working capital
(130,600)
8,700)
(9,000)
(154,000)
(57,400)
(4,300)
Working capital changes that provided (used) cash, excluding effects of acquisitions
(40,100)
(25,300)
(265,400)
48,000)
(20,100)
218,800)
Adjustments to reconcile income to cash provided by operating activities
1,363,700)
1,209,900)
1,099,100)
1,399,700)
1,192,100)
1,159,900)
Cash provided by operating activities
3,264,700)
2,969,900)
2,554,700)
2,534,100)
2,707,400)
2,437,800)
Additions to plant and equipment, including long-term deposits
(2,509,000)
(1,989,700)
(1,568,400)
(1,039,700)
(1,055,800)
(1,614,800)
Acquisitions, less cash acquired
(183,300)
(123,200)
(345,400)
(8,200)
—)
(34,500)
Investment in and advances to unconsolidated affiliates
(24,400)
(15,700)
—)
(8,100)
—)
(4,300)
Proceeds from sale of assets and investments
80,300)
11,100)
48,800)
42,500)
85,500)
55,300)
Purchases of investments
(2,865,500)
(172,100)
(530,300)
(2,692,600)
—)
—)
Proceeds from investments
1,938,000)
190,500)
748,200)
2,290,700)
—)
—)
Other investing activities
3,900)
(14,300)
(2,000)
(2,300)
(1,700)
(1,400)
Cash used for investing activities
(3,560,000)
(2,113,400)
(1,649,100)
(1,417,700)
(972,000)
(1,599,700)
Long-term debt proceeds
4,895,800)
—)
500)
2,400)
948,700)
338,800)
Payments on long-term debt
(406,600)
(428,600)
(418,700)
(483,900)
(485,000)
(708,700)
Net increase (decrease) in commercial paper and short-term borrowings
(54,900)
3,900)
(78,500)
(798,600)
(144,200)
284,000)
Dividends paid to shareholders
(1,103,600)
(994,000)
(897,800)
(787,900)
(721,200)
(677,500)
Proceeds from stock option exercises
34,100)
68,100)
76,200)
68,400)
141,300)
121,300)
Excess tax benefit from share-based compensation
—)
—)
—)
—)
33,200)
31,900)
Payment for subsidiary shares to noncontrolling interests
—)
—)
—)
—)
—)
(278,400)
Other financing activities
(80,100)
(19,900)
(41,500)
(41,300)
(43,900)
(56,800)
Cash provided by (used for) financing activities
3,284,700)
(1,370,500)
(1,359,800)
(2,040,900)
(271,100)
(945,400)
Cash used for operating activities
—)
—)
(12,800)
(966,200)
(79,900)
—)
Cash (used for) provided by investing activities
—)
—)
18,600)
3,750,600)
(97,000)
—)
Cash provided by financing activities
—)
—)
—)
69,500)
—)
—)
Cash provided by (used for) discontinued operations
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
Air Products & Chemicals Inc. cash provided by operating activities increased from 2018 to 2019 and from 2019 to 2020.
Cash used for investing activities
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
Air Products & Chemicals Inc. cash used for investing activities decreased from 2018 to 2019 and from 2019 to 2020.
Cash provided by (used for) financing activities
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
Air Products & Chemicals Inc. cash provided by (used for) financing activities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
