AIR PRODUCTS AND CHEMICALS, INC. (APD) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-10-01 to 2024-09-30

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AIR PRODUCTS AND CHEMICALS, INC. cash flow reconciliation, Oct 1, 2023 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income from continuing operations attributable to Air Products → Net cash from operating activities: $3,646,700,000.00Net income from continuing operations attributable to Air Products → Operating adjustments reconciliation: $195,400,000.00Depreciation and amortization → Operating adjustments reconciliation: $1,451,100,000.00Other working capital → Operating adjustments reconciliation: $370,100,000.00Other adjustments → Operating adjustments reconciliation: $183,800,000.00Noncurrent lease receivables → Operating adjustments reconciliation: $116,200,000.00Share-based compensation → Operating adjustments reconciliation: $61,800,000.00Business and asset actions → Operating adjustments reconciliation: $57,000,000.00Other receivables → Operating adjustments reconciliation: $34,400,000.00Operating adjustments reconciliation → Gain on sale of business: $1,575,600,000.00Operating adjustments reconciliation → Payables and accrued liabilities: $338,700,000.00Operating adjustments reconciliation → Undistributed earnings to equity method investments: $206,000,000.00Operating adjustments reconciliation → Inventories: $137,800,000.00Operating adjustments reconciliation → Trade receivables: $111,000,000.00Operating adjustments reconciliation → Deferred income taxes: $69,300,000.00Operating adjustments reconciliation → Gain on sale of assets and investments: $31,400,000.00Long-term debt proceeds → financing reconciliation: $4,678,300,000.00Investments by noncontrolling interests → financing reconciliation: $428,500,000.00Proceeds from stock option exercises → financing reconciliation: $7,900,000.00financing reconciliation → Net cash from financing activities: $2,615,400,000.00financing reconciliation → Dividends paid to shareholders: $1,564,900,000.00financing reconciliation → Payments on long-term debt: $486,200,000.00financing reconciliation → (Decrease) Increase in commercial paper and short-term borrowings: $289,900,000.00financing reconciliation → Other financing activities: $132,500,000.00financing reconciliation → Distributions to noncontrolling interests: $25,800,000.00Net cash used in investing activities → investing reconciliation: $4,919,200,000.00Proceeds from sale of assets and investments → investing reconciliation: $1,878,800,000.00Proceeds from investments → investing reconciliation: $470,700,000.00Other investing activities → investing reconciliation: $72,400,000.00investing reconciliation → Additions to plant and equipment, including long-term deposits: $6,796,700,000.00investing reconciliation → Investment in financing receivables: $403,000,000.00investing reconciliation → Purchases of investments: $141,400,000.00Exchange-rate effect → Cash sources and uses: $19,800,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $1,617,000,000.00Net cash from operating activities → Cash sources and uses: $3,646,700,000.00Net cash from financing activities → Cash sources and uses: $2,615,400,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $2,979,700,000.00Cash sources and uses → Net cash used in investing activities: $4,919,200,000.00Net income from continuing operations attributable to Air Products: $3,842,100,000.00Continuing ops income (loss)+$3.84 BDepreciation and amortization: $1,451,100,000.00Depreciation & amortization+$1.45 BDeferred income taxes: -$69,300,000.00Deferred income taxes−$69.30 MGain on sale of business: -$1,575,600,000.00Business sale gain & loss−$1.58 BBusiness and asset actions: $57,000,000.00Restructuring charges+$57.00 MUndistributed earnings to equity method investments: -$206,000,000.00Equity-method income, net−$206.00 MGain on sale of assets and investments: -$31,400,000.00Investment sale gain & loss−$31.40 MShare-based compensation: $61,800,000.00Stock-based compensation+$61.80 MNoncurrent lease receivables: $116,200,000.00Noncurrent lease receivables+$116.20 MOther adjustments: $183,800,000.00Other operating, net+$183.80 MTrade receivables: -$111,000,000.00Accounts receivable−$111.00 MInventories: -$137,800,000.00Inventories−$137.80 MOther receivables: $34,400,000.00Other receivables+$34.40 MPayables and accrued liabilities: -$338,700,000.00Payables & accrued liabilities−$338.70 MOther working capital: $370,100,000.00Other working capital, net+$370.10 MNet cash from operating activities: $3,646,700,000.00Operating cash+$3.65 BOperating adjustments reconciliation: $2,469,800,000.00Investments by noncontrolling interests: $428,500,000.00From noncontrolling interests+$428.50 MLong-term debt proceeds: $4,678,300,000.00Long-term debt issued+$4.68 BOther financing activities: -$132,500,000.00Other financing, net−$132.50 MPayments on long-term debt: -$486,200,000.00Long-term debt repaid−$486.20 MProceeds from stock option exercises: $7,900,000.00Stock option exercises+$7.90 MDistributions to noncontrolling interests: -$25,800,000.00Distributions to noncontrolling interests−$25.80 M(Decrease) Increase in commercial paper and short-term borrowings: -$289,900,000.00Short-term debt, net−$289.90 MDividends paid to shareholders: -$1,564,900,000.00Common dividends paid−$1.56 BNet cash from financing activities: $2,615,400,000.00Financing cash+$2.62 Bfinancing reconciliation: $5,114,700,000.00Other investing activities: $72,400,000.00Other investing, net+$72.40 MProceeds from sale of assets and investments: $1,878,800,000.00Investing asset sales+$1.88 BPurchases of investments: -$141,400,000.00Short-term investment purchases−$141.40 MProceeds from investments: $470,700,000.00Short-term investment proceeds+$470.70 MInvestment in and advances to unconsolidated affiliates: $0.00Acquisitions, less cash acquired: $0.00Investment in financing receivables: -$403,000,000.00Finance receivable purchases−$403.00 MAdditions to plant and equipment, including long-term deposits: -$6,796,700,000.00PP&E purchases−$6.80 BNet cash used in investing activities: -$4,919,200,000.00. Cash required to fund net payments.Investing cash−$4.92 Binvesting reconciliation: $7,341,100,000.00Cash sources and uses: $7,898,900,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $1,617,000,000.00Beginning cash$1.62 BEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $2,979,700,000.00Ending cash$2.98 BExchange-rate effect: $19,800,000.00FX effect+$19.80 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow−$3.15 BOperating cash − cash spent on PP&ECash flow / Net incomeUnavailableOperating cash flow ÷ net incomeNet cash change+$1.36 BEnding cash − beginning cash
Chart details

AIR PRODUCTS AND CHEMICALS, INC. cash flow reconciliation, Oct 1, 2023 through Sep 30, 2024

Cash flows for Oct 1, 2023 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Sep 30, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Sep 30, 2023
1,617,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
3,646,700,000 US dollars. Net cash provided.
Net income from continuing operations attributable to Air Products
3,842,100,000 US dollars
Depreciation and amortization
1,451,100,000 US dollars
Deferred income taxes
negative 69,300,000 US dollars
Gain on sale of business
negative 1,575,600,000 US dollars
Business and asset actions
57,000,000 US dollars
Undistributed earnings to equity method investments
negative 206,000,000 US dollars
Gain on sale of assets and investments
negative 31,400,000 US dollars
Share-based compensation
61,800,000 US dollars
Noncurrent lease receivables
116,200,000 US dollars
Other adjustments
183,800,000 US dollars
Trade receivables
negative 111,000,000 US dollars
Inventories
negative 137,800,000 US dollars
Other receivables
34,400,000 US dollars
Payables and accrued liabilities
negative 338,700,000 US dollars
Other working capital
370,100,000 US dollars
Investing activities
negative 4,919,200,000 US dollars. Net cash used.
Other investing activities
72,400,000 US dollars
Proceeds from sale of assets and investments
1,878,800,000 US dollars
Purchases of investments
negative 141,400,000 US dollars
Proceeds from investments
470,700,000 US dollars
Investment in and advances to unconsolidated affiliates
0 US dollars
Acquisitions, less cash acquired
0 US dollars
Investment in financing receivables
negative 403,000,000 US dollars
Additions to plant and equipment, including long-term deposits
negative 6,796,700,000 US dollars
Financing activities
2,615,400,000 US dollars. Net cash provided.
Investments by noncontrolling interests
428,500,000 US dollars
Long-term debt proceeds
4,678,300,000 US dollars
Other financing activities
negative 132,500,000 US dollars
Payments on long-term debt
negative 486,200,000 US dollars
Proceeds from stock option exercises
7,900,000 US dollars
Distributions to noncontrolling interests
negative 25,800,000 US dollars
(Decrease) Increase in commercial paper and short-term borrowings
negative 289,900,000 US dollars
Dividends paid to shareholders
negative 1,564,900,000 US dollars
Operating adjustment reconciliation
2,469,800,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
5,114,700,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
7,341,100,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
19,800,000 US dollars
Ending cash on Sep 30, 2024
2,979,700,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
7,898,900,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,362,700,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Unavailable. Operating cash flow and reconciliation net income for the same period are required.
Operating cash flow
3,646,700,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
6,796,700,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 3,150,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $3.65B of net income directly to operating cash and $195.40M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 3,646,700,000 US dollars minus 6,796,700,000 US dollars equals negative 3,150,000,000 US dollars.
AIR PRODUCTS AND CHEMICALS, INC. (APD) FY2024 Annual Statement of Cash Flows Sankey chart
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