Air products and chemicals, inc. (APD)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09Sep'08Sep'07
Operating Activities
Net Income

1,809

1,532

3,021

661

1,317

993

1,032

1,193

1,261

1,054

642

938

-

Less: Net income attributable to noncontrolling interests of continuing operations

49

35

20

22

32

-5

-

-

-

-

-

-

-

Less: Net income attributable to noncontrolling interests of discontinued operations

-

-

-

7

7

7

-

-

-

-

-

-

-

Less: Net income attributable to noncontrolling interests

-

-

-

-

-

-

38

26

37

25

11

28

-

Net income attributable to Air Products

1,760

1,497

3,000

631

1,277

991

994

1,167

1,224

1,029

631

909

1,035

Loss from discontinued operations

0

42

1,866

-468

344

295

-10

168

89

87

-

-

-

Income from continuing operations attributable to Air Products

1,760

1,455

1,134

1,099

933

696

1,004

999

1,134

941

-

-

-

Adjustments to reconcile income to cash provided by operating activities:
Depreciation and amortization

1,082

970

865

854

858

875

907

840

834

826

840

869

789

Benefit from Spanish tax ruling

-

-

-

-

-

-

-

-58

0

0

-

-

-

Gain on previously held equity interest

-

-

-

-

17

0

0

85

0

0

-

-

-

Impairment of assets of continuing operations

-

-

-

-

-

-

-

-

-

-

69

-

0

Impairment of assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

49

314

0

Gain on sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-105

15

Deferred income taxes

57

-55

-38

61

9

124

12

65

185

89

-52

36

13

Loss on extinguishment of debt

-

-

-

-6

-16

0

0

-

-

-

-

-

-

Tax reform repatriation

49

240

0

0

-

-

-

-

-

-

-

-

-

Facility closure

-29

0

0

-

-

-

-

-

-

-

-

-

-

Undistributed (earnings) losses of unconsolidated affiliates

75

59

65

51

101

74

59

53

47

50

58

-77

-59

Gain on sale of assets and investments

24

6

24

7

29

-4

20

8

14

16

-3

0

-27

Share-based compensation

41

38

39

31

39

38

43

43

44

48

60

61

70

Noncurrent lease receivables

-94

-97

-92

-85

10

-20

151

282

272

85

186

-192

-70

Goodwill and intangible asset impairment charge

0

0

162

0

0

310

0

0

-

-

-

-

-

Equity method investment impairment charge

0

0

79

0

0

-

-

-

-

-

-

-

-

Net loss on Airgas transaction

-

-

-

-

-

-

-

-

48

96

-

-

-

Payment of Airgas acquisition-related costs

-

-

-

-

-

-

-

-

156

12

-

-

-

Write-down of long-lived assets associated with cost reduction actions

0

0

69

0

40

0

100

80

0

0

-

-

-

Other adjustments

-19

131

165

156

53

-59

76

-124

-68

-10

3

-17

89

Customer bankruptcy

-

-

-

-

-

-

-

-

-

-

22

-

0

Working capital changes that provided (used) cash, excluding effects of acquisitions:
Trade receivables

69

42

73

44

40

-27

-4

55

53

104

-159

-97

-0

Inventories

3

64

-6

-32

-38

31

-75

-1

107

62

17

-34

-6

Contracts in progress, less progress billings

-

-

-

-28

-16

-12

16

42

-16

33

-12

95

-61

Other receivables

-79

-128

-105

6

-48

35

77

18

-8

-35

11

-120

-43

Payables and accrued liabilities

-41

-277

163

60

134

-236

-130

249

-29

-281

-282

36

-219

Other working capital

-8

9

154

47

-58

-71

64

34

-51

-85

-94

-17

-27

Cash Provided by Operating Activities

2,969

2,547

2,528

2,258

2,047

1,861

1,553

1,765

1,710

1,485

1,329

1,658

1,499

Investing Activities
Additions to plant and equipment

1,989

1,568

1,039

907

1,162

1,299

1,524

1,521

1,309

988

1,179

1,085

1,013

Acquisitions, less cash acquired

123

345

8

0

34

0

224

863

10

37

32

72

539

Investment in and advances to unconsolidated affiliates

15

0

8

0

4

-2

1

175

45

4

24

2

0

Proceeds from sale of assets and investments

11

48

42

44

55

42

52

52

81

52

57

19

97

Investment in Airgas stock

-

-

-

-

-

-

-

-

-

69

-

-

-

Proceeds from sale of Airgas stock

-

-

-

-

-

-

-

-

94

0

-

-

-

Purchases of investments

172

530

2,692

0

0

-

-

-

-

-

-

-

-

Proceeds from investments

190

748

2,290

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

51

423

0

Proceeds from insurance settlements

-

-

-

-

-

-

-

-

-

-

-

-

14

Change in restricted cash

-

-

-

-

-

-

-

-76

-19

-33

-87

183

0

Other investing activities

14

-5

-3

1

0

1

2

4

0

0

-

19

42

Cash Used for Investing Activities

-2,113

-1,641

-1,412

-864

-1,146

-1,256

-1,697

-2,435

-1,169

-1,014

-1,040

-919

-1,483

Financing Activities
Long-term debt proceeds

0

0

2

386

340

463

927

900

409

226

610

580

855

Payments on long-term debt

428

418

483

480

699

602

437

490

187

436

82

95

429

Net decrease in commercial paper and short-term borrowings

3

-78

-798

-144

285

147

437

9

234

-74

-122

-178

178

Dividends paid to shareholders

994

897

787

721

677

627

565

514

456

398

373

349

312

Purchase of treasury shares

-

-

-

-

-

-

461

53

649

0

-

793

575

Proceeds from stock option exercises

68

76

68

141

121

141

226

124

148

88

54

87

202

Excess tax benefit from share-based compensation

-

-

-

-

-

-

37

31

47

23

15

52

64

Payment for subsidiary shares to noncontrolling interests

-

-

-

-

278

0

14

58

0

0

-

-

-

Other financing activities

-19

-41

-41

-42

-51

-45

-35

-26

-31

-8

-6

20

-

Cash Used for Financing Activities

-1,370

-1,359

-2,040

-860

-960

-523

115

-78

-484

-579

95

-677

-14

Discontinued Operations
Cash used for operating activities

0

-12

-966

401

422

353

14

33

42

37

-

-

-

Cash provided by investing activities

0

18

3,750

-204

-453

-371

-1

765

-42

-42

-

-

-

Cash provided by financing activities

0

0

69

555

-16

-166

0

0

0

-0

-

-

-

Cash Provided by Discontinued Operations

0

5

2,853

753

-47

-183

13

799

0

-5

-

-

-

Effect of Exchange Rate Changes on Cash

-28

-33

13

7

-22

-11

11

-18

-8

-0

0

1

7

Decrease in cash and cash items

-542

-482

1,942

1,294

-130

-113

-4

31

48

-113

384

63

9

Supplemental Cash Flow Information
Interest (net of amounts capitalized)

-

-

-

-

-

-

-

-

-

-

-

159

-

Cash paid for taxes (net of cash refunds)

-

-

-

-

-

-

-

-

-

-

-

237

-