AIR PRODUCTS AND CHEMICALS, INC. (APD) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-10-01 to 2024-12-31

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AIR PRODUCTS AND CHEMICALS, INC. cash flow reconciliation, Oct 1, 2024 through Dec 31, 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 attributable to Air Products → Net cash from operating activities: $617,400,000.00Depreciation and amortization → Operating adjustments reconciliation: $366,800,000.00Payables and accrued liabilities → Operating adjustments reconciliation: $30,500,000.00Share-based compensation → Operating adjustments reconciliation: $16,400,000.00Noncurrent lease receivables → Operating adjustments reconciliation: $15,000,000.00Other receivables → Operating adjustments reconciliation: $9,000,000.00Inventories → Operating adjustments reconciliation: $6,400,000.00Operating adjustments reconciliation → Net cash from operating activities: $194,300,000.00Operating adjustments reconciliation → Other adjustments: $122,600,000.00Operating adjustments reconciliation → Undistributed earnings of equity method investments: $48,400,000.00Operating adjustments reconciliation → Trade receivables: $47,800,000.00Operating adjustments reconciliation → Other working capital: $14,600,000.00Operating adjustments reconciliation → Gain on sale of assets and investments: $10,100,000.00Operating adjustments reconciliation → Deferred income taxes: $6,300,000.00Long-term debt proceeds → financing reconciliation: $459,200,000.00Investments by noncontrolling interests → financing reconciliation: $280,900,000.00Proceeds from stock option exercises → financing reconciliation: $1,100,000.00financing reconciliation → Net cash from financing activities: $274,200,000.00financing reconciliation → Dividends paid to shareholders: $393,600,000.00financing reconciliation → Other financing activities: $39,800,000.00financing reconciliation → (Decrease) Increase in commercial paper and short-term borrowings: $21,500,000.00financing reconciliation → Payments on long-term debt: $12,100,000.00Net cash used in investing activities → investing reconciliation: $2,182,100,000.00Proceeds from sale of assets and investments → investing reconciliation: $34,400,000.00Other investing activities → investing reconciliation: $29,000,000.00Proceeds from investments → investing reconciliation: $5,000,000.00investing reconciliation → Additions to plant and equipment, including long-term deposits: $2,117,600,000.00investing reconciliation → Purchases of investments: $117,600,000.00investing reconciliation → Investment in financing receivables: $15,300,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $2,979,700,000.00Net cash from operating activities → Cash sources and uses: $811,700,000.00Net cash from financing activities → Cash sources and uses: $274,200,000.00Cash sources and uses → Exchange-rate effect: $38,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $1,845,500,000.00Cash sources and uses → Net cash used in investing activities: $2,182,100,000.00Net income attributable to Air Products: $617,400,000.00Net income attributable to Air Products+$617.40 MDepreciation and amortization: $366,800,000.00Depreciation & amortization+$366.80 MDeferred income taxes: -$6,300,000.00Deferred income taxes−$6.30 MUndistributed earnings of equity method investments: -$48,400,000.00Equity-method income, net−$48.40 MGain on sale of assets and investments: -$10,100,000.00Investment sale gain & loss−$10.10 MShare-based compensation: $16,400,000.00Stock-based compensation+$16.40 MNoncurrent lease receivables: $15,000,000.00Noncurrent lease receivables+$15.00 MOther adjustments: -$122,600,000.00Other operating, net−$122.60 MTrade receivables: -$47,800,000.00Accounts receivable−$47.80 MInventories: $6,400,000.00Inventories+$6.40 MOther receivables: $9,000,000.00Other receivables+$9.00 MPayables and accrued liabilities: $30,500,000.00Payables & accrued liabilities+$30.50 MOther working capital: -$14,600,000.00Other working capital, net−$14.60 MNet cash from operating activities: $811,700,000.00Operating cash+$811.70 MOperating adjustments reconciliation: $444,100,000.00Long-term debt proceeds: $459,200,000.00Long-term debt issued+$459.20 MPayments on long-term debt: -$12,100,000.00Long-term debt repaid−$12.10 M(Decrease) Increase in commercial paper and short-term borrowings: -$21,500,000.00Short-term debt, net−$21.50 MDividends paid to shareholders: -$393,600,000.00Common dividends paid−$393.60 MProceeds from stock option exercises: $1,100,000.00Stock option exercises+$1.10 MInvestments by noncontrolling interests: $280,900,000.00From noncontrolling interests+$280.90 MOther financing activities: -$39,800,000.00Other financing, net−$39.80 MNet cash from financing activities: $274,200,000.00Financing cash+$274.20 Mfinancing reconciliation: $741,200,000.00Additions to plant and equipment, including long-term deposits: -$2,117,600,000.00PP&E purchases−$2.12 BInvestment in financing receivables: -$15,300,000.00Finance receivable purchases−$15.30 MProceeds from sale of assets and investments: $34,400,000.00Investing asset sales+$34.40 MPurchases of investments: -$117,600,000.00Short-term investment purchases−$117.60 MProceeds from investments: $5,000,000.00Short-term investment proceeds+$5.00 MOther investing activities: $29,000,000.00Other investing, net+$29.00 MNet cash used in investing activities: -$2,182,100,000.00. Cash required to fund net payments.Investing cash−$2.18 Binvesting reconciliation: $2,250,500,000.00Cash sources and uses: $4,065,600,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $2,979,700,000.00Beginning cash$2.98 BEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $1,845,500,000.00Ending cash$1.85 BExchange-rate effect: -$38,000,000.00FX effect−$38.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow−$1.31 BOperating cash − cash spent on PP&ECash flow / Net income1.31×Operating cash flow ÷ net incomeNet cash change−$1.13 BEnding cash − beginning cash
Chart details

AIR PRODUCTS AND CHEMICALS, INC. cash flow reconciliation, Oct 1, 2024 through Dec 31, 2024

Cash flows for Oct 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Sep 30, 2024. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Sep 30, 2024
2,979,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
811,700,000 US dollars. Net cash provided.
Net income attributable to Air Products
617,400,000 US dollars
Depreciation and amortization
366,800,000 US dollars
Deferred income taxes
negative 6,300,000 US dollars
Undistributed earnings of equity method investments
negative 48,400,000 US dollars
Gain on sale of assets and investments
negative 10,100,000 US dollars
Share-based compensation
16,400,000 US dollars
Noncurrent lease receivables
15,000,000 US dollars
Other adjustments
negative 122,600,000 US dollars
Trade receivables
negative 47,800,000 US dollars
Inventories
6,400,000 US dollars
Other receivables
9,000,000 US dollars
Payables and accrued liabilities
30,500,000 US dollars
Other working capital
negative 14,600,000 US dollars
Investing activities
negative 2,182,100,000 US dollars. Net cash used.
Additions to plant and equipment, including long-term deposits
negative 2,117,600,000 US dollars
Investment in financing receivables
negative 15,300,000 US dollars
Proceeds from sale of assets and investments
34,400,000 US dollars
Purchases of investments
negative 117,600,000 US dollars
Proceeds from investments
5,000,000 US dollars
Other investing activities
29,000,000 US dollars
Financing activities
274,200,000 US dollars. Net cash provided.
Long-term debt proceeds
459,200,000 US dollars
Payments on long-term debt
negative 12,100,000 US dollars
(Decrease) Increase in commercial paper and short-term borrowings
negative 21,500,000 US dollars
Dividends paid to shareholders
negative 393,600,000 US dollars
Proceeds from stock option exercises
1,100,000 US dollars
Investments by noncontrolling interests
280,900,000 US dollars
Other financing activities
negative 39,800,000 US dollars
Operating adjustment reconciliation
444,100,000 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
741,200,000 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
2,250,500,000 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
negative 38,000,000 US dollars
Ending cash on Dec 31, 2024
1,845,500,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
4,065,600,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,134,200,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.31×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
811,700,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
2,117,600,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 1,305,900,000 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 enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $194.30M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced 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.
  • Cash-flow net income is $617.40 M; the income statement reports $649.80 M for the same period. The difference is −$32.40 M. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 811,700,000 US dollars minus 2,117,600,000 US dollars equals negative 1,305,900,000 US dollars.
  • Cash-flow net income is $617.40 M; the income statement reports $649.80 M for the same period. The difference is −$32.40 M. Neither amount has been adjusted.
AIR PRODUCTS AND CHEMICALS, INC. (APD) FY2025 Q1 Statement of Cash Flows Sankey chart
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