For the quarter ending 2025-12-31, APD had -$829,600K decrease in cash & cash equivalents over the period. -$350,500K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Net income (loss) from continuing operations attributable to air products | - | 4,900 | -391,400 | - |
| Net income attributable to air products | 1,396,600 | - | - | -718,400 |
| Depreciation and amortization | 370,700 | 412,800 | 401,000 | 383,600 |
| Deferred income taxes | 78,200 | -57,600 | 42,900 | -533,800 |
| Tax reform repatriation | - | 0 | 0 | -34,900 |
| Gain on sale of business | - | 0 | 67,300 | - |
| Business and asset actions | 22,000 | 795,000 | 24,100 | 2,927,900 |
| Undistributed earnings of equity method investments | 28,500 | 132,000 | 8,400 | 81,000 |
| Gain on sale of assets and investments | 2,200 | 19,500 | 34,600 | 2,200 |
| Share-based compensation | 10,600 | 10,700 | 11,000 | 38,300 |
| Noncurrent lease receivables | -12,000 | -12,400 | -12,100 | -13,000 |
| Other adjustments | -25,200 | 16,600 | 119,200 | 34,800 |
| Trade receivables | -6,100 | -55,100 | 24,500 | 19,100 |
| Inventories | 11,000 | 200 | 11,200 | 30,800 |
| Other receivables | 27,800 | -109,900 | 109,300 | 2,500 |
| Payables and accrued liabilities | -191,300 | -8,900 | -167,400 | -78,200 |
| Other working capital | -8,900 | -62,000 | 53,600 | 556,400 |
| Cash provided by operating activities | 900,700 | 1,261,200 | 855,800 | 328,100 |
| Additions to plant and equipment, including long-term deposits | 1,251,200 | 1,517,700 | 1,495,800 | 1,891,500 |
| Acquisitions, less cash acquired | - | 0 | 59,900 | - |
| Investments in and advances to unconsolidated affiliates | 20,000 | 25,000 | 0 | 365,400 |
| Investments in financing receivables | 0 | 8,100 | 18,000 | 20,500 |
| Proceeds from sale of assets and investments | 26,100 | 60,400 | 148,900 | 2,100 |
| Purchases of short-term investments | 0 | 0 | 0 | 0 |
| Proceeds from short-term investments | 0 | 0 | 111,400 | 6,100 |
| Proceeds from other investing activities | -2,200 | -2,700 | -51,800 | -31,900 |
| Cash used for investing activities | -1,242,900 | -1,487,700 | -1,261,600 | -2,237,300 |
| Long-term debt proceeds | 382,500 | 408,500 | 1,975,700 | 1,543,300 |
| Payments on long-term debt | 569,600 | 49,800 | 47,800 | 320,200 |
| Net increase (decrease) in commercial paper and short-term borrowings | 67,300 | -289,400 | -430,900 | 667,100 |
| Dividends paid to shareholders | 398,400 | 398,400 | 398,300 | 393,800 |
| Proceeds from stock option exercises | - | 0 | 0 | 0 |
| Investments by noncontrolling interests | 61,000 | 108,700 | 130,200 | 74,800 |
| Distributions to noncontrolling interests | - | 7,200 | - | - |
| Other financing activities | -32,900 | -11,500 | -19,700 | -20,300 |
| Cash provided by financing activities | - | 2,795,200 | - | - |
| Cash provided by operating activities | - | 0 | - | - |
| Cash provided by investing activities | - | 0 | - | - |
| Cash provided by financing activities | - | 0 | - | - |
| Cash provided by discontinued operations | - | 0 | - | - |
| Cash (used for) provided by financing activities | -5,919,600 | - | 1,839,900 | 3,589,600 |
| Effect of exchange rate changes on cash | 2,700 | -2,700 | 29,500 | 4,200 |
| Decrease in cash and cash items | -829,600 | -468,300 | 832,900 | -354,100 |
| Cash and cash equivalents at beginning of period | 1,856,000 | 2,324,300 | 1,491,400 | 1,845,500 |
| Cash and cash equivalents at end of period | 1,026,400 | 1,856,000 | 2,324,300 | 1,491,400 |
Air Products & Chemicals, Inc. (APD)
Air Products & Chemicals, Inc. (APD)