Operating Activities | |
Net Income | 661.5M |
Less: Net income attributable to noncontrolling interests | 30.4M |
Net Income Attributable to Air Products | 631.1M |
Adjustments to reconcile income to cash provided by operating activities: | |
Depreciation and amortization | 925.9M |
Deferred income taxes | |
Undistributed earnings of unconsolidated affiliates | -51.8M |
Gain on sale of assets and investments | |
Share-based compensation | 37.6M |
Noncurrent capital lease receivables | 85.5M |
Net loss on Airgas transaction | |
Payment of acquisition related costs | |
Other adjustments | 155.2M |
Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures: | |
Trade receivables | -61.7M |
Inventories | 32.9M |
Contracts in progress, less progress billings | |
Other receivables | -12.2M |
Payables and accrued liabilities | 57M |
Other working capital | -57.4M |
Cash Provided by Operating Activities | |
Investing Activities | |
Additions to plant and equipment | -1.06B |
Acquisitions, less cash acquired | 0 |
Investment in and advances to unconsolidated affiliates | 0 |
Investment in Airgas stock | |
Proceeds from sale of Airgas stock | |
Proceeds from sale of assets and investments | 85.5M |
Change in restricted cash | |
Cash Used for Investing Activities | |
Financing Activities | |
Long-term debt proceeds | 960.4M |
Payments on long-term debt | -485M |
Net increase (decrease) in commercial paper and short-term borrowings | -144.2M |
Dividends paid to shareholders | -721.2M |
Purchase of treasury stock | |
Proceeds from stock option exercises | 141.3M |
Excess tax benefit from share-based compensation | 33.2M |
Other financing activities | -43.9M |
Cash Used for Financing Activities | |
Effect of Exchange Rate Changes on Cash | |
Increase (Decrease) in Cash and Cash Items | 1.29B |
Cash and Cash Items - Beginning of Year | |
Cash and Cash Items - End of Period | |
Significant noncash transactions: | |
Short-term borrowings associated with SAGA acquisition | |
Noncurrent liability related to the purchase of shares from noncontrolling interests |