Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Johnson Controls International plc, consolidated cash flow statement

US$ in millions

12 months ended:	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018
Net income attributable to Johnson Controls	1,849)	1,532)	1,513)	631)	1,100)	2,162)
Income attributable to noncontrolling interests	184)	191)	233)	164)	189)	221)
Net income	2,033)	1,723)	1,746)	795)	1,289)	2,383)
Depreciation and amortization	848)	830)	845)	822)	825)	1,085)
Pension and postretirement benefit (income) expense	61)	(216)	(551)	118)	515)	(156)
Pension and postretirement contributions	(57)	(96)	(68)	(61)	(53)	(57)
Equity in earnings of partially-owned affiliates, net of dividends received	(98)	30)	(117)	(36)	(34)	(166)
Deferred income taxes	(676)	(141)	36)	(537)	612)	(636)
Non-cash restructuring and impairment charges	827)	555)	98)	582)	235)	42)
Gain on Scott Safety business divestiture	—)	—)	—)	—)	—)	(114)
Equity-based compensation expense	111)	102)	76)	74)	95)	115)
Other, net	(123)	(58)	(85)	(90)	29)	(48)
Accounts receivable	(168)	(427)	(143)	534)	(312)	(513)
Inventories	(81)	(773)	(219)	45)	(72)	(92)
Other assets	(216)	(362)	(164)	(52)	(99)	26)
Restructuring reserves	59)	(7)	(44)	(29)	(121)	(8)
Accounts payable and accrued liabilities	(222)	1,270)	813)	(717)	56)	15)
Accrued income taxes	(77)	(440)	328)	1,031)	(1,222)	637)
Changes in assets and liabilities, excluding acquisitions and divestitures	(705)	(739)	571)	812)	(1,770)	65)
Adjustments to reconcile net income to cash provided by operating activities	188)	267)	805)	1,684)	454)	130)
Cash provided by operating activities from continuing operations	2,221)	1,990)	2,551)	2,479)	1,743)	2,513)
Capital expenditures	(539)	(592)	(552)	(443)	(586)	(1,030)
Sale of property, plant and equipment	32)	127)	124)	127)	27)	48)
Acquisition of businesses, net of cash acquired	(726)	(269)	(725)	(77)	(25)	(21)
Other, net	49)	41)	63)	135)	51)	2,218)
Cash (used) provided by investing activities from continuing operations	(1,184)	(693)	(1,090)	(258)	(533)	1,215)
Net proceeds (payments) from borrowings with maturities less than three months	(51)	379)	(18)	(33)	(1,296)	107)
Proceeds from debt	1,173)	1,771)	734)	1,804)	—)	1,136)
Repayments of debt	(1,555)	(184)	(744)	(1,386)	(2,333)	(3,729)
Stock repurchases and retirements	(625)	(1,441)	(1,307)	(2,204)	(5,983)	(300)
Payment of cash dividends	(980)	(916)	(762)	(790)	(920)	(954)
Proceeds from the exercise of stock options	42)	17)	178)	75)	171)	66)
Dividends paid to noncontrolling interests	(149)	(121)	(142)	(114)	(132)	(46)
Employee equity-based compensation withholding taxes	(37)	(51)	(33)	(34)	(31)	(43)
Other, net	8)	30)	(37)	(142)	5)	11)
Cash used by financing activities from continuing operations	(2,174)	(516)	(2,131)	(2,824)	(10,519)	(3,752)
Cash used by operating activities	—)	(4)	(64)	(260)	(541)	—)
Cash provided by investing activities	—)	—)	—)	—)	12,611)	—)
Cash used by financing activities	—)	—)	—)	(113)	(35)	—)
Cash provided (used) by discontinued operations	—)	(4)	(64)	(373)	12,035)	—)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(5)	(53)	116)	115)	(120)	(106)
Change in cash, cash equivalents and restricted cash held for sale	—)	—)	—)	—)	15)	9)
Increase (decrease) in cash, cash equivalents and restricted cash	(1,142)	724)	(618)	(861)	2,621)	(121)
Cash, cash equivalents and restricted cash at beginning of period	2,066)	1,342)	1,960)	2,821)	200)	321)
Cash, cash equivalents and restricted cash at end of period	924)	2,066)	1,342)	1,960)	2,821)	200)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30).

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Cash flow statement item	Description	The company
Cash provided by operating activities from continuing operations	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Johnson Controls International plc cash provided by operating activities from continuing operations decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Cash (used) provided by investing activities from continuing operations	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Johnson Controls International plc cash (used) provided by investing activities from continuing operations increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Cash used by financing activities from continuing operations	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Johnson Controls International plc cash used by financing activities from continuing operations increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Johnson Controls International plc (NYSE:JCI)

Cash Flow Statement