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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Activities:        
Net income (loss) $ 8,214 $ 20,344 $ (60,672) $ (1,039)
Net income (loss) from discontinued operations (252) 202 203 1,541
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Depreciation and amortization 23,394 15,351 63,758 48,949
Share-based compensation expense 5,412 4,402 15,271 10,760
Change in fair value of contingent consideration (74) 1,163 (4,552) 1,833
Gain on sale of property, plant and equipment (40) (32,563) (170) (32,563)
Deferred income taxes (2,622) (948) (14,457) (6,773)
Loss on extinguishment of debt     16,090 0
Other items (5,020)   (712)  
Changes in operating assets and liabilities, net of effects from acquisitions: (65,170) (6,897) (136,478) (105,364)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES FROM CONTINUING OPERATIONS (29,230) 1,054 (103,349) (82,656)
NET CASH PROVIDED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS 2,693   2,778  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (26,537) 1,054 (100,571) (82,656)
Investing Activities:        
Acquisition of businesses, net of cash acquired     (234,788) (395,854)
Proceeds from sale of property, plant and equipment   44,891   44,891
Purchases of property, plant and equipment (10,741) (13,114) (35,802) (35,291)
Purchase of non-marketable debt and equity securities   (52,997)   (52,997)
Receipt of withheld proceeds from sale of trade receivables     5,521  
NET CASH USED IN INVESTING ACTIVITIES (10,741) (21,220) (265,069) (439,251)
Financing Activities:        
Proceeds from short-term borrowings 110,000 168,000 994,500 782,500
Principal payments on short-term borrowings (170,000) (146,000) (913,000) (551,500)
Debt extinguishment make whole payment     (15,856)  
Proceeds from stock issued under employee stock purchase plan     1,169 783
Purchase of common stock     (3,660) (3,419)
Dividends paid     (4,225) (4,205)
Contingent consideration payments related to acquisitions of businesses       (820)
Proceeds from equity offering, net       215,832
NET CASH PROVIDED BY FINANCING ACTIVITIES 12,529 39,774 402,329 472,443
Effect of exchange rates on cash 8,634 (1,574) 1,431 (234)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (16,115) 18,034 38,120 (49,698)
Cash, cash equivalents and restricted cash at the beginning of the period 149,856 71,876 95,621 139,608
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT THE END OF THE PERIOD 133,741 89,910 133,741 89,910
Delerrok Inc.        
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Change in fair value of contingent consideration (1,100)   (1,100)  
Supplemental disclosure of non-cash investing and financing activities:        
Contingent consideration liability incurred with the acquisition     1,600  
Trafficware        
Supplemental disclosure of non-cash investing and financing activities:        
Receivable recognized in connection with the acquisition of net       1,588
GRIDSMART        
Supplemental disclosure of non-cash investing and financing activities:        
Receivable recognized in connection with the acquisition of net       442
Nuvotronics        
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Change in fair value of contingent consideration     (4,200)  
Supplemental disclosure of non-cash investing and financing activities:        
Contingent consideration liability incurred with the acquisition       5,300
Cubic Corporation Excluding VIE        
Financing Activities:        
Proceeds from long-term borrowings     450,000  
Principal payments on long-term debt (3,088)   (202,921)  
Deferred financing fees   (1,854) (2,517) (1,854)
VIE        
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Change in fair value of interest rate swap in VIE 6,888   18,370  
Financing Activities:        
Proceeds from long-term borrowings 174,938 19,841 198,160 35,816
Principal payments on long-term debt (92,575)   (92,575)  
Deferred financing fees (8,638) $ (213) (8,638) $ (690)
Equity contribution from Boston VIE partner $ 1,892   $ 1,892