XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 127,096 $ 26,863
Net (income) from discontinued operations (94,872) (13,417)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 40,318 36,356
Stock-based compensation 7,372 7,200
Provision (recovery) for losses on accounts receivable 49 (70)
Amortization of debt discounts and issuance costs 3,981 3,705
Deferred income taxes (24,612) 1,675
(Gain) loss on sale of assets and investments 136 (98)
Change in assets and liabilities, net of assets and liabilities acquired:    
(Increase) decrease in accounts receivable and contract costs and recognized income not yet billed (16,290) 7,555
Increase in inventories (49,474) (29,400)
Decrease in prepaid and other assets 5,777 543
Decrease in accounts payable, accrued liabilities and income taxes payable (4,088) (18,215)
Other changes, net 7,398 2,705
Net cash provided by operating activities - continuing operations 2,791 25,402
CASH FLOWS FROM INVESTING ACTIVITIES - CONTINUING OPERATIONS:    
Acquisition of property, plant and equipment (33,148) (22,575)
Acquired businesses, net of cash acquired (429,545) (6,051)
Proceeds from sale of business 473,977 0
Proceeds from sale of assets 482 146
Net cash provided by (used in) investing activities - continuing operations 11,766 (28,480)
CASH FLOWS FROM FINANCING ACTIVITIES - CONTINUING OPERATIONS:    
Dividends paid (46,816) (7,766)
Purchase of shares for treasury (45,588) (15,796)
Proceeds from long-term debt 419,645 211,097
Payments of long-term debt (262,031) (147,729)
Share premium payment on settled debt 0 (24,997)
Financing costs (7,671) (363)
Purchase of ESOP shares 0 (10,908)
Other, net 139 (112)
Net cash provided by financing activities - continuing operations 57,678 3,426
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash provided by (used in) operating activities (28,970) 38,867
Net cash used in investing activities (10,762) (36,559)
Net cash used in financing activities (22,541) (5,689)
Net cash used in discontinued operations (62,273) (3,381)
Effect of exchange rate changes on cash and equivalents 6,123 (72)
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS 16,085 (3,105)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 47,681 72,553
CASH AND EQUIVALENTS AT END OF PERIOD $ 63,766 $ 69,448