XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net income $ 16,007 $ 448,023
Adjustment for loss from discontinued operations 3,872 41
Income (loss) from continuing operations 19,879 448,064
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 422,336 433,445
Asset impairment charge 6,250  
Amortization of debt discount and debt issuance costs 879 485
Recovery of bad debt (3,067)  
Stock-based compensation 19,661 19,120
Pension settlement charge 3,343 1,200
Other 255  
Income from asset sales (7,820) (8,819)
Deferred income tax expense 77,886 145,986
Change in assets and liabilities:    
Accounts receivable 97,698 229,837
Inventories (344) (22,026)
Prepaid expenses and other (6,537) (30,362)
Accounts payable (13,643) (41,134)
Accrued liabilities 14,632 (64,975)
Deferred income taxes 2,673 317
Other noncurrent liabilities (18,741) 40,459
Net cash provided by operating activities from continuing operations 615,340 1,151,597
Net cash provided by (used in) operating activities from discontinued operations 70 (41)
Net cash provided by operating activities 615,410 1,151,556
INVESTING ACTIVITIES:    
Capital expenditures (219,549) (971,602)
Purchase of short-term investments (36,958)  
Proceeds from sales of short-term investments 32,681  
Proceeds from asset sales 12,804 17,757
Net cash used in investing activities (211,022) (953,845)
FINANCING ACTIVITIES:    
Proceeds from senior notes, net of discount   497,125
Debt issuance costs (32) (5,202)
Net increase in bank overdraft   10,824
Proceeds on short-term debt   1,002
Payments on short-term debt   (1,002)
Dividends paid (224,040) (223,827)
Repurchase of common stock   (59,654)
Exercise of stock options, net of tax withholding 483 (609)
Tax withholdings related to net share settlements of restricted stock (3,912) (5,104)
Excess tax benefit from stock-based compensation 761 2,969
Net cash provided by (used in) financing activities (226,740) 216,522
Net increase in cash and cash equivalents 177,648 414,233
Cash and cash equivalents, beginning of period 729,384 360,307
Cash and cash equivalents, end of period $ 907,032 $ 774,540