Air Products and Chemicals, Inc. (APD)

APD Cash Flow Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Net Income	-312.8	-354.4	3,862	2,339	2,267	2,115
Depreciation & Amortization	1,568	1,564	1,451	1,358	1,338	1,321
Stock-Based Compensation	70.6	76.4	61.8	59.9	48.4	44.5
Other Adjustments	3,104	2,770	-1,662	-205.9	-460.7	-261
Change in Receivables	-12.1	-29.2	-76.6	36.9	-477	-55
Changes in Inventories	-53.2	-35.8	-137.8	-129.4	-94.3	-47.2
Changes in Accounts Payable	-445.8	-224	-338.7	-213.3	532.5	187.9
Changes in Other Operating Activities	-516.95	-550.2	452.1	-77.2	66.2	20.7
Operating Cash Flow	3,346	3,257	3,647	3,206	3,171	3,335
Operating Cash Flow Growth	-12.68%	-10.69%	13.76%	1.11%	-4.93%	2.16%
Capital Expenditures	-6,156	-7,023	-6,797	-4,626	-2,927	-2,464
Purchases of Investments	-481.7	-508	-141.4	-1,552	-3,296	-2,177
Proceeds from Sale of Investments	173.2	122.5	470.7	897	2,377	1,875
Payments for Business Acquisitions	-	-59.9	-	-	-65.1	-10.5
Other Investing Activities	279.5	299.3	1,548	-634.9	53.2	43.3
Investing Cash Flow	-6,230	-7,169	-4,919	-5,916	-3,857	-2,733
Short-Term Debt Issued	14.1	-74.7	-289.9	268.2	17.9	1
Net Short-Term Debt Issued (Repaid)	14.1	-74.7	-289.9	268.2	17.9	1
Long-Term Debt Issued	4,310	4,387	4,678	3,516	766.2	178.9
Long-Term Debt Repaid	-987.4	-429.9	-486.2	-615.4	-400	-462.9
Net Long-Term Debt Issued (Repaid)	3,323	3,957	4,192	2,901	366.2	-284
Issuance of Common Stock	0.55	1.1	7.9	24	19.3	10.6
Net Common Stock Issued (Repurchased)	0.55	1.1	7.9	24	19.3	10.6
Common Dividends Paid	-1,589	-1,584	-1,565	-1,497	-1,383	-1,257
Other Financing Activities	289.2	496.1	270.2	-86.8	-20.7	108.2
Financing Cash Flow	2,031	2,795	2,615	1,610	-1,001	-1,421
Effect of Exchange Rate Changes on Cash and Cash Equivalents	33.7	-7	19.8	6.5	-130.3	27.8
Net Cash Flow	-819.1	-1,124	1,363	-1,094	-1,758	-784.1
Free Cash Flow	-2,810	-3,766	-3,150	-1,421	244.1	871
Free Cash Flow Growth	-	-	-	-	-71.97%	15.26%
FCF Margin	-23.02%	-31.28%	-26.03%	-11.28%	1.92%	8.44%
Free Cash Flow Per Share	-12.61	-16.91	-14.14	-6.38	1.10	3.91
Levered Free Cash Flow	-3,284	-2,781	2,360	1,781	1,556	834.6
Unlevered Free Cash Flow	-6,234	-6,958	-1,779	-1,670	829.71	878.81

Updated Jan 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q