$APD
AIR PRODUCTS & CHEMICALS INC /DE/
CIK:0000002969|SEC Filings
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions |
9 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Operating Activities | ||
| Net loss | $ (6.1) | $ (364.5) |
| Less: Net income attributable to noncontrolling interests of continuing operations | 46.1 | 34.9 |
| Net Income (Loss) Attributable to Air Products | (52.2) | (399.4) |
| Net loss from discontinued operations | 0.0 | 8.0 |
| Net loss from continuing operations attributable to Air Products | (52.2) | (391.4) |
| Adjustments to reconcile net loss to cash provided by operating activities: | ||
| Depreciation and amortization | 1,131.1 | 1,151.4 |
| Deferred income taxes | (511.7) | (497.2) |
| Tax reform repatriation | 0.0 | (34.9) |
| Gain on sale of business | 0.0 | (67.3) |
| Business and asset actions | 2,929.4 | 2,952.0 |
| Undistributed earnings of equity method investments | (83.8) | (137.8) |
| Gain on sale of assets and investments | (4.7) | (46.9) |
| Share-based compensation | 38.7 | 65.7 |
| Noncurrent lease receivables | 36.4 | 40.1 |
| Other adjustments | 37.2 | 31.4 |
| Working capital changes that provided (used) cash, excluding effects of acquisitions: | ||
| Trade receivables | (12.4) | (91.4) |
| Inventories | 19.9 | (35.6) |
| Other receivables | (72.3) | (102.8) |
| Payables and accrued liabilities | (202.6) | (215.1) |
| Other working capital | 56.6 | (624.6) |
| Cash Provided by Operating Activities | 3,309.6 | 1,995.6 |
| Investing Activities | ||
| Additions to plant and equipment, including long-term deposits | (3,354.5) | (5,504.9) |
| Acquisitions, less cash acquired | 0.0 | (59.9) |
| Investments in and advances to unconsolidated affiliates | (108.8) | (365.4) |
| Investments in financing receivables | 0.0 | (53.8) |
| Proceeds from sale of assets and investments | 132.8 | 185.4 |
| Purchases of short-term investments | 0.0 | (117.6) |
| Proceeds from short-term investments | 0.0 | 122.5 |
| Proceeds from other investing activities | 19.0 | 112.7 |
| Cash Used for Investing Activities | (3,311.5) | (5,681.0) |
| Financing Activities | ||
| Long-term debt proceeds | 644.0 | 3,978.2 |
| Payments on long-term debt | (662.8) | (380.1) |
| Net increase in commercial paper and short-term borrowings | 77.0 | 214.7 |
| Dividends paid to shareholders | (1,200.0) | (1,185.7) |
| Investments by noncontrolling interests | 301.5 | 485.9 |
| Other financing activities | (36.1) | (78.7) |
| Cash (Used for) Provided by Financing Activities | (876.4) | 3,034.3 |
| Effect of Exchange Rate Changes on Cash | 2.8 | (4.3) |
| Decrease in cash and cash items | (875.5) | (655.4) |
| Cash and cash items – Beginning of Year | 1,856.0 | 2,979.7 |
| Cash and Cash Items – End of Period | $ 980.5 | $ 2,324.3 |
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions |
Jun. 30, 2026 |
Sep. 30, 2025 |
||
|---|---|---|---|---|
| Current Assets | ||||
| Cash and cash items | $ 980.5 | $ 1,856.0 | ||
| Trade receivables, net | 1,881.5 | 1,901.2 | ||
| Inventories | 751.6 | 776.5 | ||
| Prepaid expenses | 155.1 | 174.9 | ||
| Assets held for sale | 475.5 | 427.7 | ||
| Other receivables and current assets | 719.3 | 689.5 | ||
| Total Current Assets | 4,963.5 | 5,825.8 | ||
| Investment in net assets of and advances to equity affiliates | 5,577.4 | 5,366.1 | ||
| Plant and equipment, at cost | 43,120.4 | 42,754.8 | ||
| Less: accumulated depreciation | 18,125.3 | 17,417.0 | ||
| Plant and equipment, net | 24,995.1 | 25,337.8 | ||
| Goodwill, net | 957.4 | 963.9 | ||
| Intangible assets, net | 278.4 | 293.5 | ||
| Operating lease right-of-use assets, net | 790.6 | 944.0 | ||
| Noncurrent lease receivables | 283.0 | 307.1 | ||
| Financing receivables | 946.4 | 1,000.0 | ||
| Other noncurrent assets | 1,653.8 | 1,021.3 | ||
| Total Noncurrent Assets | 35,482.1 | 35,233.7 | ||
| Total Assets | [1] | 40,445.6 | 41,059.5 | |
| Current Liabilities | ||||
| Payables and accrued liabilities | 3,529.6 | 3,237.7 | ||
| Accrued income taxes | 98.0 | 179.4 | ||
| Short-term borrowings | 126.7 | 34.7 | ||
| Current portion of long-term debt | 769.5 | 716.3 | ||
| Liabilities held for sale | 51.5 | 50.5 | ||
| Total Current Liabilities | 4,575.3 | 4,218.6 | ||
| Noncurrent Liabilities | ||||
| Noncurrent operating lease liabilities | 489.8 | 616.0 | ||
| Other noncurrent liabilities | 1,374.4 | 1,348.1 | ||
| Deferred income taxes | 638.4 | 579.6 | ||
| Total Noncurrent Liabilities | 19,273.9 | 19,491.1 | ||
| Total Liabilities | [1] | 23,849.2 | 23,709.7 | |
| Commitments and Contingencies - See Note 12 | ||||
| Air Products Shareholders’ Equity | ||||
| Common stock (par value $1 per share; issued 2026 and 2025 - 249,455,584 shares) | 249.4 | 249.4 | ||
| Capital in excess of par value | 1,328.3 | 1,306.5 | ||
| Retained earnings | 16,299.5 | 17,558.6 | ||
| Accumulated other comprehensive loss | (1,990.1) | (2,087.8) | ||
| Treasury stock, at cost (2026 - 26,770,054 shares; 2025 - 26,867,328 shares) | (2,003.3) | (2,001.8) | ||
| Total Air Products Shareholders’ Equity | 13,883.8 | 15,024.9 | ||
| Noncontrolling interests | [1] | 2,712.6 | 2,324.9 | |
| Total Equity | 16,596.4 | 17,349.8 | ||
| Total Liabilities and Equity | 40,445.6 | 41,059.5 | ||
| Nonrelated Party | ||||
| Noncurrent Liabilities | ||||
| Long-term debt | 16,585.1 | 16,769.9 | ||
| Related Party | ||||
| Current Assets | ||||
| Trade receivables, net | 200.0 | 105.0 | ||
| Current Liabilities | ||||
| Current portion of long-term debt | 29.5 | 59.0 | ||
| Noncurrent Liabilities | ||||
| Long-term debt | $ 186.2 | $ 177.5 | ||
| ||||