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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash flows from operating activities    
Net income $ 188.5 $ 181.6
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 91.3 82.4
Deferred income taxes (2.0) 39.7
Share-based compensation expense 22.2 24.4
Provision for/(Recovery of) bad debt 0.6 (2.0)
Amortization of accumulated other comprehensive gain on interest rate swaps 0.0 (4.3)
Discount accretion on insurance claims 0.3 0.0
Loss/(Gain) on sale of assets 0.1 (0.8)
Change in fair value of contingent consideration (45.6) 0.0
Income from unconsolidated affiliates (3.0) (1.8)
Distributions from unconsolidated affiliates 1.9 1.8
Changes in operating assets and liabilities    
Trade accounts receivable and costs incurred in excess of amounts billed (125.1) (129.4)
Prepaid expenses and other current assets (22.3) (8.0)
Right-of-use assets 8.0 10.0
Other noncurrent assets 25.0 (6.6)
Trade accounts payable and other accrued liabilities (45.9) (178.0)
Long-term lease liabilities (10.8) (10.1)
Insurance claims 18.7 (18.8)
Income taxes payable, net 4.4 (10.3)
Other noncurrent liabilities (2.2) (66.5)
Total adjustments (84.4) (278.3)
Net cash provided by (used in) operating activities 104.1 (96.7)
Cash flows from investing activities    
Additions to property, plant and equipment (34.6) (37.7)
Proceeds from sale of assets 2.0 4.1
Purchase of businesses, net of cash acquired 0.0 (56.7)
Investments in equity securities (12.4) (3.0)
Net cash used in investing activities (45.0) (93.3)
Cash flows from financing activities    
Taxes withheld from issuance of share-based compensation awards, net (11.3) (10.7)
Repurchases of common stock (27.1) (74.5)
Dividends paid (43.5) (39.0)
Borrowings from debt 794.0 990.1
Repayment of borrowings from debt (738.4) (684.5)
Changes in book cash overdrafts (10.5) 5.4
Financing of energy savings performance contracts 0.5 8.7
Repayment of finance lease obligations (2.2) (1.2)
Net cash (used in) provided by financing activities (38.4) 194.2
Effect of exchange rate changes on cash and cash equivalents 3.9 (3.2)
Net increase in cash and cash equivalents 24.7 1.0
Cash and cash equivalents at beginning of year 73.0 62.8
Cash and cash equivalents at end of period $ 97.7 $ 63.9