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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:        
Net income (loss) $ 20,344 $ 4,410 $ (1,039) $ (7,387)
Net (income) loss from discontinued operations 202 (5,380) 1,541 (8,364)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 15,351 10,642 48,949 34,133
Share-based compensation expense 4,402 2,603 10,760 5,100
Change in fair value of contingent consideration 1,163 (6) 1,833 446
Gain on sale of property, plant and equipment (32,563)   (32,563)  
Gain on sale of investment in real estate       (1,474)
Deferred income taxes (948) (10,013) (6,773) (10,198)
Changes in operating assets and liabilities, net of effects from acquisitions: (6,897) (35,026) (105,364) (44,047)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES FROM CONTINUING OPERATIONS 1,054 (32,770) (82,656) (31,791)
NET CASH PROVIDED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS   8,364   14,497
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 1,054 (24,406) (82,656) (17,294)
Investing Activities:        
Acquisition of businesses, net of cash acquired     (395,854) (9,534)
Proceeds from sale of property, plant and equipment 44,891   44,891  
Purchases of property, plant and equipment (13,114) (9,334) (35,291) (21,120)
Proceeds from sale of investment in real estate       2,400
Purchase of non-marketable debt and equity securities (52,997) (222) (52,997) (1,472)
NET CASH USED IN INVESTING ACTIVITIES FROM CONTINUING OPERATIONS (21,220) (9,556) (439,251) (29,726)
NET CASH PROVIDED BY INVESTING ACTIVITIES FROM DISCONTINUED OPERATIONS   133,795   133,795
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (21,220) 124,239 (439,251) 104,069
Financing Activities:        
Proceeds from short-term borrowings 168,000 79,700 782,500 198,820
Principal payments on short-term borrowings (146,000) (156,700) (551,500) (253,820)
Deferred financing fees (1,854)   (1,854)  
Proceeds from stock issued under employee stock purchase plan   (88) 783 710
Purchase of common stock   (31) (3,419) (2,355)
Dividends paid     (4,205) (3,676)
Contingent consideration payments related to acquisitions of businesses     (820) (656)
Proceeds from equity offering, net     215,832  
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 39,774 (50,921) 472,443 (34,779)
Effect of exchange rates on cash (1,574) 342 (234) (190)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 18,034 49,254 (49,698) 51,806
Cash and cash equivalents at the beginning of the period 71,876 71,129 139,608 68,577
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 89,910 120,383 89,910 120,383
Trafficware        
Supplemental disclosure of non-cash investing and financing activities:        
Receivable recognized in connection with the acquisition of net     1,588  
Shield Aviation        
Adjustments to reconcile net loss to net cash used in operating activities:        
Change in fair value of contingent consideration (700)   (400)  
Gridsmart        
Supplemental disclosure of non-cash investing and financing activities:        
Receivable recognized in connection with the acquisition of net     442  
Nuvotronics        
Supplemental disclosure of non-cash investing and financing activities:        
Liability recognized in connection with the acquisition of Nuvotronics, net     5,300  
OpCo.        
Financing Activities:        
Proceeds from long-term borrowings 19,841 28,378 35,816 28,378
Deferred financing fees $ (213) $ (2,180) $ (690) $ (2,180)