AIR PRODUCTS AND CHEMICALS, INC. APD Cash Flow

Air products and chemicals, inc. (APD)

CashFlow / TTM

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
1,998	1,941	1,809	1,750	1,738	1,728	1,532	1,548	1,164	2,876	3,021	2,947	3,197	595	661	610	589	1,352	1,317	1,046	1,036	1,031	993	1,061	1,036	1,044	1,032	1,027	1,221	1,224	1,193	1,390	1,232	1,241	1,261	1,200	1,126	1,073	1,054	1,020	877	825	642	0	0	0
Less: Net income attributable to noncontrolling interests of continuing operations
-	-	-	-	-	-	35	34	22	21	20	19	22	22	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interests of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interests
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	36	37	38	38	31	29	26	26	36	37	38	37	28	28	27	25	19	16	11	11	0	0	0
Net income attributable to Air Products
1,944	1,888	1,760	1,709	1,695	1,690	1,497	1,513	1,141	2,855	3,000	2,925	3,170	567	631	581	553	1,316	1,277	1,037	1,032	1,026	991	1,024	999	1,006	994	995	1,191	1,197	1,167	1,353	1,195	1,203	1,224	1,171	1,098	1,045	1,029	1,000	860	814	631	0	0	0
Loss from discontinued operations
-	-	-	-	-	-	42	36	-8	1,816	1,866	1,976	2,074	-502	-468	-223	-321	427	344	286	288	291	295	-10	-9	-8	-10	4	131	147	168	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations attributable to Air Products
-	-	-	-	-	-	1,455	1,476	1,150	1,038	1,134	949	1,095	1,070	1,099	804	874	889	933	750	744	734	696	1,034	1,008	1,014	1,004	991	1,060	1,050	999	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile income to cash provided by operating activities:
Depreciation and amortization
1,146	1,114	1,082	1,046	1,022	1,000	970	944	915	887	865	847	843	846	854	798	818	837	858	875	881	876	875	934	925	922	907	894	877	856	840	827	827	819	834	805	807	827	826	874	877	856	840	0	0	0
Gain on previously held equity interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	17	17	17	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of assets of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	0	0	0
Impairment of assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	0	0	0
Impairment of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Deferred income taxes
85	83	57	69	66	20	-55	-46	-63	-91	-38	-91	-86	6	61	66	35	14	9	73	141	117	124	74	16	8	12	-39	44	76	65	223	175	214	185	83	18	-28	89	70	39	63	-52	0	0	0
Tax reform repatriation
3	3	49	-20	-23	-23	240	310	310	310	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Facility closure
0	0	-29	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Facility Closure Gain Loss
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Undistributed (earnings) losses of unconsolidated affiliates
150	103	75	81	86	88	59	66	35	29	65	51	75	65	51	61	51	63	101	112	113	107	74	0	0	0	-	-	-	-	-	-	-	-	47	33	28	44	50	138	122	60	58	0	0	0
Gain on sale of assets and investments
62	24	24	19	6	7	6	21	20	19	24	13	11	11	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	33	24	16	16	-19	-11	-5	-3	0	0	0
Share-based compensation
46	45	41	39	37	36	38	42	43	42	39	34	33	31	31	26	31	35	39	42	39	38	38	43	44	45	43	40	38	42	43	47	50	46	44	45	47	51	48	51	53	50	60	0	0	0
Noncurrent lease receivables
-94	-93	-94	-95	-97	-98	-97	-96	-94	-93	-92	-93	-90	-95	-85	-55	-39	-10	10	-4	-10	-22	-20	15	27	68	151	202	295	314	282	320	284	296	272	168	113	154	85	334	310	193	186	0	0	0
Net loss on Airgas transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	0	0	0	-	-	-	-	-	-	-	-
Payment of Airgas acquisition-related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	156	0	0	0	-	-	-	-	-	-	-	-
Write-down of long-lived assets associated with cost reduction actions
-	-	-	-	-	-	-	-	-	-	69	59	45	45	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustments
38	-1	-19	154	83	139	131	31	176	160	165	160	228	101	156	96	-43	58	53	107	74	13	-59	-123	-144	-105	76	46	87	56	-124	-76	-84	-49	-68	-37	-99	-70	-10	-7	69	39	3	0	0	0
Working capital changes that provided (used) cash, excluding effects of acquisitions:
Trade receivables
125	-5	69	131	68	82	42	98	50	150	73	-103	144	86	44	191	18	-20	40	-81	-133	-67	-27	-16	95	63	-4	72	23	61	55	46	-7	-15	53	33	50	143	104	-167	-195	-287	-159	0	0	0
Inventories
5	1	3	93	83	66	64	22	8	11	-6	-63	-54	-61	-32	-49	-50	-35	-38	42	79	59	31	-19	-55	-44	-75	-88	-74	-68	-1	78	108	121	107	101	77	91	62	38	63	53	17	0	0	0
Contracts in progress, less progress billings
-	-	-	-	-	-	-	-	-	-	-	-15	-61	-25	-28	-11	4	10	-16	-13	22	13	-12	13	-42	-38	16	30	82	55	42	20	27	2	-16	8	-26	14	33	-37	-6	3	-12	0	0	0
Other receivables
-29	-70	-79	-113	-166	-114	-128	-110	2	-136	-105	-143	-166	-11	6	-30	-69	-50	-48	84	107	62	35	14	25	13	77	92	88	87	18	-22	-10	-0	-8	-37	-57	-58	-35	0	0	0	-	-	-	0
Payables and accrued liabilities
-28	-101	-41	-207	-142	-219	-277	98	82	39	163	-100	73	171	60	6	-145	29	134	78	-17	-166	-236	-116	-110	-202	-130	79	93	311	249	161	203	144	-29	-126	-176	-220	-281	-285	-357	-529	-282	0	0	0
Other working capital
108	90	-8	7	18	-43	9	114	89	180	154	110	74	7	47	-76	-74	-33	-58	-54	8	-71	-71	33	29	32	64	84	-66	92	34	-53	53	-59	-51	-97	-143	-43	-85	-107	89	-129	-94	0	0	0
Pension plan contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash Provided by Operating Activities
2,922	2,981	2,969	2,694	2,727	2,642	2,547	2,771	2,773	2,514	2,528	2,350	2,230	2,435	2,258	1,894	1,949	1,957	2,047	1,952	1,824	1,802	1,861	2,085	1,979	1,820	1,553	1,571	1,632	1,619	1,765	1,857	1,834	1,798	1,710	1,548	1,549	1,627	1,485	1,497	1,412	1,324	1,329	0	0	0
Investing Activities
Additions to plant and equipment
1,956	2,034	1,989	1,917	1,959	1,715	1,568	1,391	1,080	1,057	1,039	1,013	967	898	907	914	1,005	964	1,162	983	1,125	1,354	1,299	1,673	1,619	1,558	1,524	1,469	1,493	1,535	1,521	1,542	1,452	1,344	1,309	1,165	1,063	1,006	988	1,037	1,080	1,176	1,179	0	0	0
Acquisitions, less cash acquired
-	-	-	-	-	-	345	328	279	245	8	0	0	0	-	-	-	-	34	34	34	22	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	37	40	66	41	32	0	0	0
Investment in and advances to unconsolidated affiliates
37	22	15	0	0	0	-	-	-	-	8	8	7	10	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	175	0	0	0	-	-	-	-	4	28	28	27	24	0	0	0
Proceeds from sale of assets and investments
75	25	11	11	18	39	48	67	63	41	42	21	20	25	44	84	82	82	55	23	41	40	42	61	57	55	52	64	46	43	52	32	42	60	81	82	81	72	52	60	54	52	57	0	0	0
Purchases of investments
166	166	172	185	189	323	530	553	1,215	2,904	2,692	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from investments
179	189	190	193	323	717	748	1,562	2,503	2,499	2,290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	0	0	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-76	-67	-15	-24	-19	-18	-18	-17	-33	-33	-71	-131	-87	0	0	0
Other investing activities
15	15	14	-1	-6	-3	-5	-10	-6	-10	-3	1	2	3	1	-2	3	2	0	5	-0	-0	1	0	1	0	2	6	5	5	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash Used for Investing Activities
-1,937	-2,147	-2,113	-2,045	-1,982	-1,387	-1,641	-633	-0	-1,654	-1,412	-2,017	-2,380	-887	-864	-832	-932	-899	-1,146	-999	-1,116	-1,334	-1,256	-1,708	-1,786	-1,726	-1,697	-2,212	-2,373	-2,441	-2,435	-1,791	-1,473	-1,242	-1,169	-1,025	-895	-1,015	-1,014	-1,069	-1,068	-1,010	-1,040	0	0	0
Financing Activities
Long-term debt proceeds
-	-	-	-	-	-	-	-	-	-	2	0	388	388	386	390	3	339	340	744	761	462	463	462	462	851	927	1,012	1,004	577	900	760	766	771	409	174	201	211	226	600	563	554	610	0	0	0
Payments on long-term debt
429	428	428	5	12	12	418	418	423	878	483	842	884	429	480	261	380	726	699	569	495	206	602	613	536	806	437	428	874	552	490	482	23	52	187	509	525	548	436	122	121	67	82	0	0	0
Net decrease in commercial paper and short-term borrowings
-22	31	3	5	-62	-75	-78	-45	-4	-67	-798	-509	-959	-962	-144	-271	229	277	285	-153	-169	-137	147	79	204	67	437	962	804	1,035	9	-347	-296	-48	234	386	322	-55	-74	-271	-361	-320	-122	0	0	0
Dividends paid to shareholders
1,022	1,008	994	979	965	931	897	863	829	808	787	767	746	733	721	709	697	687	677	667	656	642	627	612	596	579	565	552	539	529	514	503	490	473	456	437	418	408	398	389	379	376	373	0	0	0
Purchase of treasury shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	461	461	461	514	53	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
42	68	68	81	68	46	76	88	101	92	68	103	125	141	141	105	79	89	121	127	161	163	141	199	221	219	226	168	111	143	124	112	151	119	148	170	125	97	88	81	83	81	54	0	0	0
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	35	36	33	37	35	26	36	31	27	47	41	47	53	32	24	23	22	23	23	15	0	0	0
Payment for subsidiary shares to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-16	-14	-19	-23	-32	-35	-41	-45	-40	-47	-41	-44	-44	-38	-42	-36	-38	-49	-51	-54	-53	-46	-45	-42	-41	-52	-35	-39	-33	-28	-26	-44	-45	-32	-31	0	0	0	-	-	-	-	-	-	-	-
Cash Used for Financing Activities
-1,448	-1,351	-1,370	-922	-1,004	-1,008	-1,359	-1,284	-1,194	-1,707	-2,040	-2,058	-2,120	-1,634	-860	-1,087	-1,105	-1,048	-960	-569	-442	-397	-523	-492	-265	-279	115	684	37	168	-78	-888	-301	-383	-484	-513	-616	-686	-579	-87	-196	-111	95	0	0	0
Discontinued Operations
Cash used for operating activities
-	-	-	-	-	-	-12	-211	-448	-909	-966	-635	-301	165	401	708	624	599	422	336	333	353	353	1	5	9	14	14	23	32	33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by investing activities
-	-	-	-	-	-	18	18	18	3,770	3,750	3,707	3,673	-137	-204	-347	-391	-539	-453	-647	-570	-381	-371	9	9	9	-1	-2	772	772	765	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by financing activities
-	-	-	-	-	-	0	0	0	0	69	636	632	623	555	-28	-23	-14	-16	-166	-166	-166	-166	0	0	0	0	0	0	-1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash Provided by Discontinued Operations
-	-	-	-	-	-	5	-192	-429	2,860	2,853	3,708	4,004	651	753	332	209	45	-47	-476	-403	-194	-183	11	14	19	13	12	795	803	799	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Effect of Exchange Rate Changes on Cash
-52	-0	-28	-16	-61	-54	-33	-7	49	43	13	5	-7	-7	7	-7	-4	-14	-22	-28	-23	-24	-11	22	12	8	11	1	-22	-10	-18	-44	-10	-12	-8	0	0	0	-	-	-	-	0	0	0	0
Decrease in cash and cash items
-515	-517	-542	-289	-331	200	-482	653	1,197	2,055	1,942	1,988	1,726	558	1,294	299	117	40	-130	-122	-161	-148	-113	-81	-44	-158	-4	57	68	138	31	-68	62	160	48	24	39	-75	-113	335	151	204	384	0	0	0
Supplemental Cash Flow Information
Cash paid for taxes (net of cash refunds)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-