|
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
|
6 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Operating Activities |
|
|
| Net Income |
$ 634.4 |
$ 590.6 |
| Less: Net income attributable to noncontrolling interests |
19.8 |
16.9 |
| Net Income Attributable to Air Products |
614.6 |
573.7 |
| (Income) loss from discontinued operations |
0 |
(3.1) |
| Income from continuing operations attributable to Air Products |
614.6 |
570.6 |
| Adjustments to reconcile income to cash provided by operating activities: |
|
|
| Depreciation and amortization |
468.8 |
463.3 |
| Deferred income taxes |
53.5 |
36.4 |
| Gain on previously held equity interest |
(17.9) |
0 |
| Undistributed earnings of unconsolidated affiliates |
(58.0) |
(19.2) |
| Share-based compensation |
24.8 |
23.4 |
| Noncurrent capital lease receivables |
(8.7) |
1.1 |
| Other adjustments |
(58.6) |
75.0 |
| Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures: |
|
|
| Trade receivables |
23.6 |
(82.0) |
| Inventories |
(14.0) |
33.6 |
| Contracts in progress, less progress billings |
(16.2) |
17.6 |
| Other receivables |
(75.2) |
(3.7) |
| Payables and accrued liabilities |
71.8 |
(130.0) |
| Other working capital |
(41.3) |
38.6 |
| Cash Provided by Operating Activities |
967.2 |
1,024.7 |
| Investing Activities |
|
|
| Additions to plant and equipment |
(817.6) |
(802.2) |
| Acquisitions, less cash acquired |
(34.5) |
0 |
| Proceeds from sale of assets and investments |
10.8 |
11.2 |
| Other investing activities |
1.5 |
(0.4) |
| Cash Used for Investing Activities |
(839.8) |
(791.4) |
| Financing Activities |
|
|
| Long-term debt proceeds |
337.3 |
39.2 |
| Payments on long-term debt |
(384.6) |
(491.2) |
| Net increase (decrease) in commercial paper and short-term borrowings |
54.3 |
370.9 |
| Dividends paid to shareholders |
(329.4) |
(300.2) |
| Proceeds from stock option exercises |
77.2 |
57.7 |
| Excess tax benefit from share-based compensation |
22.7 |
12.6 |
| Other financing activities |
(34.1) |
(26.7) |
| Cash Provided By (Used for) Financing Activities |
(256.6) |
(337.7) |
| Discontinued Operations |
|
|
| Cash provided by operating activities |
0 |
0.7 |
| Cash provided by (used for) investing activities |
0 |
9.8 |
| Cash provided by (used for) financing activities |
0 |
0 |
| Cash Provided by (Used for) Discontinued Operations |
0 |
10.5 |
| Effect of Exchange Rate Changes on Cash |
(11.7) |
0.4 |
| Increase (Decrease) in Cash and Cash Items |
(140.9) |
(93.5) |
| Cash and Cash Items - Beginning of Year |
336.6 |
450.4 |
| Cash and Cash Items - End of Period |
195.7 |
356.9 |
| Less: Cash and Cash Items - Discontinued Operations |
0 |
0 |
| Cash and Cash Items - Continuing Operations |
195.7 |
356.9 |
| Supplemental Cash Flow Information |
|
|
| Cash paid for taxes (net of cash refunds) |
$ 155.8 |
$ 64.5 |