AIR PRODUCTS AND CHEMICALS, INC. APD Cash Flow

Air products and chemicals, inc. (APD)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08
Operating Activities
Net Income
490,400	488,900	518,700	500,200	433,500	357,000	459,700	487,900	423,600	161,700	475,000	104,100	2,135,700	306,400	400,900	354,100	-465,500	372,000	350,000	333,200	296,900	337,500	79,000	323,500	291,500	299,100	147,300	298,400	299,600	287,200	142,300	492,500	302,200	256,300	339,100	335,000	311,500	275,900	278,000	261,300	258,400	256,800	243,900	118,000	207,200	73,600
Less: Net income attributable to noncontrolling interests of continuing operations
-	-	-	-	-	-	6,800	14,000	7,200	7,100	6,300	2,200	5,700	6,600	5,000	5,400	5,800	6,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interests of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,900	1,900	2,000	2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interests
-	13,300	-	-	-	9,500	-	-	-	-	-	-	-	-	-	-	-	-	-	14,400	6,900	12,900	-	9,500	8,000	8,900	10,200	10,000	9,200	8,900	3,600	8,000	6,200	8,200	14,300	8,500	7,200	7,300	5,900	8,100	6,400	5,000	0	4,800	1,600	5,000
Net income attributable to Air Products
477,800	475,600	503,200	488,000	421,300	347,500	452,900	473,900	416,400	154,600	468,700	101,900	2,130,000	299,800	394,000	346,800	-473,300	363,600	344,500	318,800	290,000	324,600	104,000	314,000	283,500	290,200	137,100	288,400	290,400	278,300	138,700	484,500	296,000	248,100	324,800	326,500	304,300	268,600	272,100	253,200	252,000	251,800	243,900	113,200	205,600	68,600
Loss from discontinued operations
-	-	-	-	-	-	0	43,200	0	-1,000	-5,500	-2,300	1,825,600	48,200	104,600	96,500	-752,200	82,700	349,900	-1,700	-3,600	0	291,900	0	0	3,100	-13,100	600	1,100	1,400	1,600	127,300	17,000	22,200	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations attributable to Air Products
-	-	-	-	-	-	452,900	430,700	416,400	155,600	474,200	104,200	304,400	251,600	289,400	250,300	278,900	280,900	-5,400	320,500	293,600	324,600	-187,900	314,000	283,500	287,100	150,200	287,800	289,300	276,900	137,100	357,200	279,000	225,900	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile income to cash provided by operating activities:
Depreciation and amortization
294,700	289,200	293,600	269,100	262,100	258,000	257,200	245,600	240,000	227,900	231,000	216,900	211,800	206,100	212,500	213,500	213,900	214,700	156,700	233,000	233,300	235,500	173,300	239,000	229,100	234,200	232,600	229,700	226,200	218,500	220,300	212,200	205,300	203,000	206,700	212,300	197,700	217,600	178,000	214,400	217,300	217,100	225,500	217,100	197,100	200,600
Gain on previously held equity interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of assets of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	35,600	0	32,100
Impairment of assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	0	0	48,700
Impairment of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	-	-	-	-
Deferred income taxes
30,600	24,400	19,800	10,300	28,500	-1,000	31,500	7,500	-17,700	-76,700	40,100	-9,500	-45,000	-23,600	-13,800	-4,400	48,300	31,700	-9,100	-35,000	27,300	26,200	54,600	33,400	3,400	33,000	4,400	-24,400	-4,600	37,400	-47,900	60,000	27,000	26,100	110,300	12,400	65,300	-2,300	8,400	-52,500	17,900	115,300	-10,700	-83,400	42,400	-600
Tax reform repatriation
0	0	0	3,200	0	46,200	-69,700	0	0	310,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Facility closure
0	0	0	0	0	-29,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Facility Closure Gain Loss
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Undistributed (earnings) losses of unconsolidated affiliates
75,400	26,200	18,900	29,700	28,200	-1,000	25,000	33,800	30,900	-29,900	31,400	2,900	24,600	6,900	16,900	26,800	14,400	-7,000	27,200	16,600	26,700	31,300	38,200	17,500	20,700	-1,500	-	-	-	-	-	-	-	-	29,100	10,700	22,600	-14,900	15,400	5,600	38,000	-8,400	103,500	-10,500	-24,100	-10,900
Gain on sale of assets and investments
39,400	1,100	6,700	15,200	1,600	700	1,700	2,800	1,800	600	16,400	1,400	1,500	5,000	5,900	-900	1,400	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,900	1,100	5,800	800	25,500	-7,700	-1,800	400	-10,600	400	4,700	1,900
Share-based compensation
13,000	13,900	10,200	9,800	11,900	9,300	8,400	7,900	10,700	11,800	12,500	8,900	9,500	9,000	7,100	7,500	8,100	8,300	2,200	12,500	12,900	11,900	5,500	9,100	11,600	11,800	10,500	10,600	12,300	10,100	7,600	8,800	15,600	11,800	11,700	11,200	11,700	10,200	12,000	13,900	15,000	7,700	15,300	15,000	12,600	17,500
Noncurrent lease receivables
-23,600	-23,500	-22,900	-24,100	-22,800	-24,800	-23,700	-26,500	-23,900	-23,300	-22,800	-24,000	-23,100	-22,300	-24,000	-20,900	-28,400	-12,200	6,200	-4,800	600	8,100	-8,500	-10,700	-11,100	10,000	27,200	1,000	29,800	93,400	78,400	94,200	48,700	61,200	116,800	57,300	60,700	37,700	12,900	1,700	101,700	-30,700	261,600	-22,000	-15,900	-37,000
Net loss on Airgas transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,000	43,500	-	-	-	-	-	-	-	-
Payment of Airgas acquisition-related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,400	141,800	12,000	-	-	-	-	-	-	-	-
Write-down of long-lived assets associated with cost reduction actions
-	-	-	-	-	-	-	-	-	-	10,100	13,400	0	45,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustments
23,200	30,800	-18,700	2,800	-16,200	12,700	154,800	-67,900	39,400	5,300	54,700	76,700	23,300	10,700	49,400	145,100	-104,000	66,200	-10,900	5,100	-1,700	60,500	43,400	-27,800	-62,300	-12,700	-20,500	-49,100	-23,200	169,200	-50,100	-8,000	-55,100	-11,300	-1,900	-15,800	-20,300	-30,200	29,200	-78,300	8,900	30,100	32,200	-1,300	-21,900	-5,600
Working capital changes that provided (used) cash, excluding effects of acquisitions:
Trade receivables
112,800	-900	-70,500	84,100	-18,200	73,600	-7,700	20,300	-4,000	34,200	47,900	-28,100	96,100	-42,300	-129,000	219,900	37,600	-83,700	17,500	46,800	-1,300	-22,300	-104,800	-4,900	64,300	17,700	-93,700	106,700	33,200	-51,000	-16,800	58,000	71,500	-57,600	-25,900	4,600	63,600	11,500	-46,400	21,400	156,900	-27,000	-319,000	-6,300	64,600	101,700
Inventories
8,100	8,400	-10,500	-700	3,800	10,400	80,200	-10,500	-13,900	8,400	38,400	-24,100	-10,800	-9,900	-18,600	-14,700	-17,900	19,000	-35,600	-16,400	-2,000	16,000	44,500	21,000	-21,700	-11,900	-6,500	-15,400	-10,600	-42,500	-20,100	-1,100	-4,300	24,200	59,300	29,400	8,600	10,200	53,400	5,600	22,000	-18,100	28,500	30,900	12,000	-53,700
Contracts in progress, less progress billings
-	-	-	-	-	-	-	-	-	-	-	13,600	-17,600	22,600	-34,200	-32,300	18,000	20,300	-17,000	-17,100	24,000	-6,800	-13,800	18,700	15,000	-32,600	12,300	-37,500	19,100	22,300	26,200	14,800	-7,700	9,600	4,200	21,700	-32,800	-9,800	29,300	-12,700	8,000	9,300	-42,300	18,800	17,600	-6,600
Other receivables
2,100	-1,400	-9,200	-21,000	-39,300	-10,300	-42,800	-74,500	12,800	-23,800	-25,400	38,400	-125,600	7,200	-63,700	16,000	29,100	25,300	-101,200	-22,900	47,900	27,300	32,500	-600	2,800	900	11,100	10,200	-8,700	64,400	26,900	5,600	-9,700	-4,500	-13,800	17,100	300	-11,600	-43,600	-2,500	-900	11,800	-	-	-	-74,200
Payables and accrued liabilities
3,600	-115,400	53,000	30,700	-70,100	-55,400	-112,800	95,500	-146,900	-113,500	263,700	78,700	-189,000	10,400	-900	252,500	-90,800	-100,700	-54,800	100,600	84,100	5,000	-111,000	4,400	-64,800	-65,200	9,500	10,500	-157,600	7,300	219,700	24,100	60,700	-54,800	131,600	66,200	1,700	-229,300	34,600	16,500	-42,500	-289,900	30,400	-55,600	-214,700	-42,900
Other working capital
71,500	41,600	-17,900	13,100	53,600	-57,500	-1,400	23,700	-7,800	-5,500	104,000	-1,400	83,000	-31,600	60,700	-37,200	15,400	8,900	-63,800	-35,300	56,500	-15,400	-60,000	27,400	-23,400	-15,200	44,200	24,000	-20,100	16,000	64,400	-126,500	138,700	-42,000	-23,500	-19,800	25,500	-34,000	-69,400	-65,400	125,700	-76,100	-91,300	131,600	-94,100	-40,400
Pension plan contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,200	15,300	8,100	-	-	-	-	-	-	-	-	-	-	-	-
Cash Provided by Operating Activities
571,500	667,000	966,500	717,600	630,600	655,200	691,000	750,200	546,000	560,000	915,000	752,200	286,900	574,300	736,600	632,200	492,800	397,200	372,500	687,400	500,500	486,600	277,600	559,300	478,500	546,200	501,900	453,000	319,800	278,400	520,500	513,400	306,900	424,300	613,300	490,400	270,100	336,600	451,800	490,500	348,800	193,900	464,400	405,700	260,100	199,200
Investing Activities
Additions to plant and equipment
482,900	447,700	482,100	544,100	560,100	403,400	410,300	585,600	315,900	256,600	232,900	274,600	293,000	239,200	206,800	228,900	223,600	248,400	213,800	320,100	182,000	446,500	34,400	462,700	411,100	391,100	408,800	408,100	350,300	357,000	354,500	431,600	392,600	342,300	375,800	341,500	285,100	306,900	231,500	240,300	228,100	288,800	279,800	283,500	324,100	291,700
Acquisitions, less cash acquired
-	-	-	-	-	-	25,200	48,800	34,300	237,100	8,200	0	0	0	-	-	-	-	0	0	11,900	22,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	2,300	25,000	9,900	2,900	28,200	0	1,600
Investment in and advances to unconsolidated affiliates
15,600	7,100	0	14,300	1,400	0	-	-	-	-	0	-800	100	8,800	0	-1,500	2,800	-1,300	-	-	-	-	-	-	-	-	-	-	-	-	0	154,200	0	21,200	-	-	-	-	100	200	1,500	3,000	23,400	1,000	0	100
Proceeds from sale of assets and investments
52,800	15,200	2,300	5,000	2,700	1,100	3,000	11,400	23,800	10,600	21,800	7,200	2,100	11,400	500	6,000	7,300	30,800	40,200	4,300	7,100	3,700	8,100	22,800	5,700	5,500	27,400	19,000	3,600	2,800	39,000	1,000	600	11,900	19,300	11,000	18,100	33,200	19,800	10,600	8,900	13,100	27,800	5,100	6,100	18,900
Purchases of investments
0	0	166,800	0	0	5,300	180,500	4,100	133,500	212,200	204,000	665,400	1,823,200	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from investments
0	177,000	0	2,600	9,900	178,000	3,000	132,300	404,000	208,900	817,200	1,073,500	400,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	38,100	0	900
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,200	-54,500	-4,400	-2,000	-6,800	-2,600	-13,500	3,100	-5,400	-3,000	-12,000	-13,200	-4,800	-41,500	-72,400	31,700
Other investing activities
0	-1,900	15,100	1,900	400	-3,100	-200	-3,800	4,100	-5,600	-4,900	-100	100	1,500	0	700	1,600	-600	-4,100	6,400	700	-2,200	100	1,100	400	0	-600	1,300	-300	1,600	4,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash Used for Investing Activities
-445,700	-260,700	-677,900	-553,400	-655,600	-226,500	-609,800	-491,000	-60,000	-480,800	398,800	141,600	-1,714,300	-238,100	-206,300	-222,100	-220,700	-215,700	-173,800	-322,200	-187,500	-463,200	-26,700	-438,700	-405,800	-385,600	-478,800	-516,000	-346,400	-355,800	-993,900	-677,700	-414,000	-349,600	-350,400	-359,600	-183,000	-276,800	-206,400	-229,200	-303,300	-275,400	-261,500	-228,000	-245,600	-305,300
Financing Activities
Long-term debt proceeds
-	-	-	-	-	-	-	-	-	-	200	900	100	1,200	-1,400	388,300	0	0	2,300	700	336,400	900	406,100	18,100	37,800	1,400	405,100	18,100	426,700	77,300	490,800	9,500	0	400,100	350,600	16,200	4,500	38,500	115,300	43,500	14,300	53,100	489,600	6,600	5,300	109,000
Payments on long-term debt
600	2,800	423,200	2,700	100	2,600	500	9,000	600	408,600	400	13,800	455,300	14,400	358,700	56,100	100	65,500	140,200	174,600	346,100	38,500	10,500	100,500	57,200	434,000	21,800	23,700	327,000	65,000	13,000	469,000	5,300	3,300	4,700	10,400	34,400	137,600	326,600	26,800	57,000	26,000	12,900	25,800	2,800	41,400
Net decrease in commercial paper and short-term borrowings
-22,900	-10,400	-33,800	44,300	31,400	-38,000	-32,400	-23,700	18,300	-40,700	600	17,400	-44,400	-772,200	290,100	-432,700	-47,600	46,000	163,200	67,700	300	54,000	-275,400	51,800	31,800	339,100	-343,100	176,400	-104,700	709,100	181,300	18,700	126,200	-316,400	-176,300	69,700	374,200	-33,300	-24,200	5,600	-4,000	-51,600	-221,900	-84,000	37,500	145,700
Dividends paid to shareholders
256,000	255,700	255,600	255,300	241,600	241,500	241,200	241,100	208,000	207,500	207,000	206,900	187,100	186,900	186,300	185,800	174,700	174,400	174,100	174,000	165,000	164,400	164,000	163,500	150,300	149,900	148,800	147,900	132,900	136,000	135,500	135,300	122,200	121,900	123,700	122,900	105,300	104,800	104,100	104,100	95,400	95,100	94,500	94,500	92,200	92,100
Purchase of treasury shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	461,600	0	0	53,100	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
14,700	5,500	4,800	17,900	40,700	4,700	18,000	5,500	18,300	34,400	30,200	18,300	9,200	10,700	65,100	40,700	25,200	10,300	28,800	15,300	35,100	42,100	35,100	48,800	37,800	19,900	93,300	70,400	35,700	27,000	35,600	12,800	68,000	7,900	23,800	51,800	35,800	36,800	45,800	6,900	7,700	27,700	39,500	8,100	5,700	1,100
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	9,300	13,400	-	9,900	8,500	4,100	13,300	10,300	6,200	8,100	10,800	1,700	15,700	2,800	7,300	21,700	10,100	8,500	12,800	1,400	1,500	8,200	11,400	1,900	1,600	600
Payment for subsidiary shares to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	58,400	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-2,700	-6,900	-1,900	-5,200	-400	-12,400	-5,900	-13,900	-3,000	-18,700	-10,100	-8,500	-9,800	-12,900	-13,100	-8,500	-4,400	-16,600	-6,600	-11,200	-14,700	-19,400	-9,300	-9,600	-7,900	-18,800	-6,300	-8,600	-18,400	-1,800	-10,800	-2,900	-13,100	-100	-28,700	-3,600	-500	1,300	-	-	-	-	-	-	-	-
Cash Used for Financing Activities
-267,500	-270,300	-709,700	-201,000	-170,000	-289,800	-262,000	-282,200	-174,500	-641,100	-186,500	-192,600	-687,300	-974,500	-204,300	-254,100	-201,600	-200,200	-431,700	-272,100	-144,700	-111,900	-41,000	-145,000	-99,500	-238,200	-9,700	82,400	-114,400	157,100	559,200	-564,500	16,200	-89,300	-250,900	22,500	-65,600	-190,600	-279,300	-80,900	-135,400	-83,700	212,500	-189,900	-50,500	122,900
Discontinued Operations
Cash used for operating activities
-	-	-	-	-	-	0	-9,700	0	-3,100	-198,200	-247,200	-461,200	-59,600	132,700	87,100	5,200	176,900	439,300	3,300	-19,900	0	353,100	0	0	700	1,000	3,500	4,600	5,200	1,500	12,100	13,600	6,400	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by investing activities
-	-	-	-	-	-	0	0	18,600	0	0	0	3,770,000	-19,400	-43,300	-33,600	-41,000	-86,300	-186,900	-77,000	-189,100	0	-381,200	0	0	9,800	0	-300	-100	-800	-1,000	774,100	-300	-7,400	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by financing activities
-	-	-	-	-	-	0	0	0	0	0	0	0	69,500	567,300	-4,600	-8,900	2,100	-16,900	0	0	0	-166,000	0	0	0	0	0	0	0	0	0	-1,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-
Cash Provided by Discontinued Operations
-	-	-	-	-	-	0	-9,700	18,600	-3,100	-198,200	-247,200	3,308,800	-9,500	656,700	48,900	-44,700	92,700	235,500	-73,700	-209,000	0	-194,100	0	0	10,500	1,000	3,200	4,500	4,400	500	786,200	12,300	0	-	-	-	-	-	-	-	-	-	-	-	-
Effect of Exchange Rate Changes on Cash
-44,300	21,400	-27,000	-2,300	7,600	-6,900	-14,400	-47,700	14,200	14,000	11,900	9,300	8,400	-16,200	3,800	-3,200	8,200	-1,300	-11,400	200	-2,400	-9,300	-16,800	5,100	-3,900	4,300	17,200	-5,400	-7,500	7,100	6,900	-29,200	4,300	-600	-19,000	5,000	2,000	3,700	-	-	-	-	2,500	2,800	-2,800	-1,800
Decrease in cash and cash items
-186,000	157,400	-448,100	-39,100	-187,400	132,000	-195,200	-80,400	344,300	-551,000	941,000	463,300	1,202,500	-664,000	986,500	201,700	34,000	72,700	-8,900	19,600	-43,100	-97,800	-1,000	-19,300	-30,700	-62,800	31,600	17,200	-144,000	91,200	93,200	28,200	-74,300	-15,200	-7,600	159,800	23,100	-127,100	-31,000	174,400	-92,100	-165,200	417,900	-9,400	-38,800	15,000
Supplemental Cash Flow Information
Cash paid for taxes (net of cash refunds)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,800	33,100	31,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-