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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 225,274 $ 63,319
Net income from discontinued operations (97,628) (5,641)
Adjustments to reconcile net income to net cash (used in) provided by operating activities of continuing operations:    
Depreciation and amortization 47,021 39,118
Stock-based compensation 15,978 15,091
Asset impairment charges - restructuring 2,494 3,882
Provision for losses on accounts receivable 1,008 173
Amortization of debt discounts and issuance costs 2,753 1,984
Debt extinguishment, net 5,287 0
Fair value step-up of acquired inventory sold 5,401 0
Deferred income taxes 1,465 7,232
(Gain) loss on sale of assets and investments (303) 155
Change in assets and liabilities, net of assets and liabilities acquired:    
Increase in accounts receivable (81,825) (34,914)
Increase in inventories (135,473) (101,553)
Increase in prepaid and other assets (13,388) (4,359)
Increase (decrease) in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities (44,864) 27,180
Other changes, net 1,799 1,647
Net cash (used in) provided by operating activities - continuing operations (65,001) 13,314
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property, plant and equipment (33,516) (24,949)
Acquired businesses, net of cash acquired (851,464) (2,242)
Proceeds from sale of business, net 295,712 0
Proceeds (payments) from investments 14,923 (4,658)
Proceeds from the sale of property, plant and equipment 89 116
Other, net 0 28
Net cash used in investing activities - continuing operations (574,256) (31,705)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (14,906) (12,907)
Purchase of shares for treasury (10,886) (2,909)
Proceeds from long-term debt 984,314 20,587
Payments of long-term debt (427,883) (18,255)
Financing costs (17,065) (571)
Other, net 188 (272)
Net cash provided by (used in) financing activities - continuing operations 513,762 (14,327)
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash provided by operating activities 26,889 27,035
Net cash provided by (used in) investing activities (2,627) 8,155
Net cash provided by discontinued operations 24,262 35,190
Effect of exchange rate changes on cash and equivalents (2,733) 136
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS (103,966) 2,608
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 248,653 218,089
CASH AND EQUIVALENTS AT END OF PERIOD $ 144,687 $ 220,697