XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net earnings $ 117,691 $ 131,392
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 49,921 55,754
Net gain on sales of assets (4,188) (766)
Stock-based compensation 13,267 11,086
Deferred income taxes (87,338) 1,623
Loss on derivatives reclassified from accumulated comprehensive earnings into earnings 39 74
Proceeds from formation of joint venture (Note 4) 250,000 0
Changes in operating assets and liabilities:    
Accounts receivable 40,012 65,345
Inventories (56,187) (44,630)
Accounts payable and accrued liabilities (6,548) (41,868)
Current income taxes 58,184 (10,897)
Retirement benefit obligations (2,903) (3,365)
Other (9,469) 7,742
Net cash provided by operating activities 362,481 171,490
Cash flows from investing activities:    
Payments for purchase of property, plant and equipment (128,628) (190,865)
Proceeds from sale of assets 5,747 2,486
Net cash used in investing activities (122,881) (188,379)
Cash flows from financing activities:    
Cash dividends paid (19,841) (18,285)
Proceeds from sales of treasury stock 12,532 7,936
Payments for repurchases of common stock (125,542) (157,118)
Borrowings on revolving lines of credit and short-term borrowings 560,000 869,970
Payments on revolving lines of credit and short-term borrowings (520,596) (701,610)
Payments of long-term debt and capital lease obligations 107,188 0
Payments of debt financing costs 0 (2,359)
Net cash used in financing activities (200,635) (1,466)
Effect of exchange rate changes on cash and cash equivalents (3,048) (9,548)
Net change in cash and cash equivalents 35,917 (27,903)
Cash and cash equivalents at beginning of period 82,202 115,287
Cash and cash equivalents at end of period $ 118,119 $ 87,384