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Air Products & Chemicals Inc (NYSE:APD)
Cash Flow from Operations
$2,186 Mil (TTM As of Sep. 2014)

Cash flow from operations refers to the cash brought in through a company’'s normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.

For the three months ended in Sep. 2014, Air Products & Chemicals Inc's Net Income From Continuing Operations was $103 Mil. Its DDA was $255 Mil. Its Change In Working Capital was $-63 Mil. Its cash flow from deferred tax was $56 Mil. Its Cash Flow from Discontinued Operations was $-157 Mil. And its Cash Flow from Others was $410 Mil. In all, Air Products & Chemicals Inc's Cash Flow from Operations for the three months ended in Sep. 2014 was $602 Mil.


Definition

Cash flow from operations refers to the cash brought in through a company’'s normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.

Air Products & Chemicals Inc's Cash Flow from Operations for the fiscal year that ended in Sep. 2014 is calculated as:

Air Products & Chemicals Inc's Cash Flow from Operations for the quarter that ended in Sep. 2014 is

Air Products & Chemicals Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2014 was 546.9 (Dec. 2013 ) + 477.8 (Mar. 2014 ) + 559.3 (Jun. 2014 ) + 602.4 (Sep. 2014 ) = $2,186 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Cash flow from operations contains six items:

1. Net Income From Continuing Operations:
Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.

Air Products & Chemicals Inc's net income from continuing operations for the three months ended in Sep. 2014 was $103 Mil.

2. Depreciation, Depletion and Amortization:
Depreciation is a present expense that accounts for the past cost of an asset that is now providing benefits.
Depletion and amortization are synonyms for depreciation.
Generally:
• The term “depreciation” is used when discussing man made tangible assets
• The term “depletion” is used when discussing natural tangible assets
• The term “amortization” is used when discussing intangible assets

Air Products & Chemicals Inc's depreciation, depletion and amortization for the three months ended in Sep. 2014 was $255 Mil.

3. Change In Working Capital:
Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities. Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow.

Air Products & Chemicals Inc's change in working capital for the three months ended in Sep. 2014 was $-63 Mil. It means Air Products & Chemicals Inc's working capital declined by $63 Mil from Jun. 2014 to Sep. 2014 .

4. Deferred Tax:
It is the cash flow generated from deferred tax.

Air Products & Chemicals Inc's cash flow from deferred tax for the three months ended in Sep. 2014 was $56 Mil.

5. Cash Flow from Discontinued Operations:
Cash received by a company that comes from the sale of part of business.

Air Products & Chemicals Inc's cash flow from discontinued operations for the three months ended in Sep. 2014 was $-157 Mil.

6. Cash Flow from Others:
These are cash differences caused by the change of inventory, accounts payable, accounts receivable etc. For instance, if a company pays its suppliers slower, its cash position will build up faster. If a company receives payments from its customers slower, its account receivables will rise, and its cash position will grow more slowly (or even shrink).

Air Products & Chemicals Inc's cash flow from others for the three months ended in Sep. 2014 was $410 Mil.


Related Terms

Net Income From Continuing Operations, Depreciation, Depletion and Amortization, Change In Working Capital, Cash Flow from Discontinued Operations, Cash Flow from Others, Cash Flow from Investing


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Air Products & Chemicals Inc Annual Data

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
NetIncomeFromContinuingOperations 7127231,0369106311,0291,1349991,004987
CF_DDA 706757840869840863874841907957
ChangeInWorkingCapital -133-163-357-139-47-443-205100-208-247
CF_DeferredTax 4381437-5296186713126
Cash Flow from Disc. Op. 000000179913-147
Cash Flow from Others 4821-353-50-24-237-981-176510
Cash Flow from Operations 1,3761,3461,4971,6801,3231,5221,7531,7651,5532,186

Air Products & Chemicals Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
NetIncomeFromContinuingOperations 357137277289288150287284314103
CF_DDA 212220219226230233234229239255
ChangeInWorkingCapital 73139-2-171-7842-24-102-57-63
CF_DeferredTax 60-10637-5-2443333356
Cash Flow from Disc. Op. 786145311100-157
Cash Flow from Others -96398-257-25347266430410
Cash Flow from Operations 526488278320453502547478559602
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