XML 29 R9.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:      
Net income (loss) $ (494,497) $ (33,656) $ 482,672
Adjustment for (income) loss from discontinued operations (1,895) 1,146 10,338
Income (loss) from continuing operations (496,392) (32,510) 493,010
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 481,885 562,803 583,802
Asset impairment charges 563,234 224,327 23,128
Amortization of debt discount and debt issuance costs 1,817 1,732 1,067
Provision for bad debt 2,203 2,321 2,193
Stock-based compensation 36,329 34,292 31,687
Loss (gain) on investment securities 8,720 54,488 (1)
Gain on sale of assets (46,775) (39,691) (22,660)
Gain on sale of subsidiary (14,963) 0 0
Deferred income tax benefit (157,555) (44,554) (486,758)
Other (200) (3,295) 7,623
Change in assets and liabilities:      
Accounts receivable 300,807 70,323 (85,202)
Inventories of materials and supplies 7,197 1,821 (22,427)
Prepaid expenses and other (5,506) (176) (3,827)
Other noncurrent assets 2,820 (10,430) 5,568
Accounts payable (9,414) (9,147) (4,461)
Accrued liabilities (138,414) 40,887 43,798
Deferred income tax liability 908 371 2,268
Other noncurrent liabilities 2,227 2,251 (10,787)
Net cash provided by operating activities from continuing operations 538,928 855,813 558,021
Net cash used in operating activities from discontinued operations (47) (62) (169)
Net cash provided by operating activities 538,881 855,751 557,852
Cash flows from investing activities:      
Capital expenditures (140,795) (458,402) (466,584)
Purchase of short-term investments (134,641) (97,652) (71,049)
Payment for acquisition of business, net of cash acquired 0 (16,163) (47,886)
Proceeds from sale of short-term investments 94,646 86,765 68,776
Proceeds from sale of subsidiary 15,056 0 0
Proceeds from sale of marketable securities 0 11,999 0
Proceeds from asset sales 78,399 50,817 44,381
Other (550) 0 0
Net cash used in investing activities (87,885) (422,636) (472,362)
Cash flows from financing activities:      
Dividends paid (260,335) (313,421) (308,430)
Debt issuance costs 0 (3,912) 0
Proceeds from stock option exercises 4,100 3,053 6,355
Payments for employee taxes on net settlement of equity awards (3,784) (6,418) (7,114)
Payment of contingent consideration from acquisition of business (8,250) 0 (10,625)
Payments for early extinguishment of long-term debt 0 (12,852) 0
Share repurchases (28,505) (42,779) 0
Other (446) 0 0
Net cash used in financing activities (297,220) (376,329) (319,814)
Net increase (decrease) in cash and cash equivalents and restricted cash 153,776 56,786 (234,324)
Cash and cash equivalents and restricted cash, beginning of period 382,971 326,185 560,509
Cash and cash equivalents and restricted cash, end of period 536,747 382,971 326,185
Cash paid during the period:      
Interest paid 22,928 26,739 20,502
Income tax paid (refund), net 46,700 16,218 (38,400)
Payments for operating leases 18,646    
Changes in accounts payable and accrued liabilities related to purchases of property, plant and equipment $ 3,123 $ 17,771 $ (2,245)