Operating CF
$4.12B
Capex
−$3.01B
Free Cash Flow
$1.11B
FCF Margin
+26.9%
Cash flow waterfall for Air Products and Chemicals (APD) — TTM through Q1 2026
Free cash flow: $1.11B
Note: Other Investing is large — driven mainly by acquisitions and investment activity.
Cash flow breakdown for Air Products and Chemicals (APD) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $4.12B | $4.12B |
| Capital Expenditure | −$3.01B | $1.11B |
| Free Cash Flow | $1.11B | $1.11B |
| Other Investing | −$2.05B | −$946.70M |
| Dividends Paid | −$1.59B | −$2.54B |
| Net Debt Change | $1.69B | −$853.90M |
| Other Financing & FX | $313.50M | −$540.40M |
| Net Cash Decrease | −$540.40M | −$540.40M |
- Operating Cash Flow$4.12B
- Capital Expenditure−$3.01B
- Free Cash Flow$1.11B
- Other Investing−$2.05B
- Dividends Paid−$1.59B
- Net Debt Change$1.69B
- Other Financing & FX$313.50M
- Net Cash Decrease−$540.40M
Want to see what drove the FCF change?Free Cash Flow Bridge
Frequently asked questions
Data & methodology
Air Products and Chemicals (APD) Key Financials
Charts, filings, and peer comparison for every metric
Income Statement
Balance Sheet
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
Overview
Income Statement