Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2013
Operating Activities      
Consolidated net income $ 113.2 $ 111.2 $ 65.4
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 54.3 58.4 89.4
Pension settlement charge 17.7 0.0 0.0
Deferred income taxes (0.5) (8.2) (23.6)
Net (gain) loss on disposal or impairment of property (2.1) (1.1) 1.4
Net gain on investments 0.0 (5.2) (0.3)
Equity in net (income) loss from affiliates 2.1 (2.8) 1.3
Share-based compensation 12.0 7.5 6.4
Trade accounts receivable and receivables on long-term manufacturing contracts (15.4) 1.0 (38.9)
Inventories 5.2 3.3 26.5
Prepaid expenses and other current assets (8.5) (0.6) (4.5)
Trade accounts payable (76.6) 18.3 0.1
Accrued expenses and other current liabilities 1.0 29.1 (24.8)
Income taxes payable 13.5 (23.3) 27.9
Defined benefit plan funding (15.4) (20.1) (20.8)
Defined benefit plan expense 14.5 14.5 17.7
Other, net (10.0) (2.4) 4.0
Net cash provided by operating activities 105.0 179.6 127.2
Investing Activities      
Capital expenditures (31.0) (23.6) (29.9)
Proceeds from sales of property, plant, and equipment 2.8 7.5 1.6
Acquisitions of businesses, net of cash acquired 0.0 0.0 (415.7)
Proceeds from investments 0.0 5.8 1.7
Return of investment capital from affiliates 1.5 2.0 1.3
Other (2.8) 0.0 0.0
Net cash used in investing activities (29.5) (8.3) (441.0)
Financing Activities      
Proceeds from term loan 0.0 0.0 200.0
Repayments on term loan (9.0) (10.0) (10.0)
Proceeds from revolving credit facilities 430.2 316.6 710.3
Repayments on revolving credit facilities (547.0) (410.7) (514.7)
Proceeds from unsecured Series A Notes, net of financing costs 99.6 0.0 0.0
Payment of dividends on common stock (50.4) (49.7) (48.7)
Repurchases of common stock (11.2) (16.5) 0.0
Net proceeds (payments) on stock plans 3.4 14.6 (0.4)
Other, net 1.2 0.2 0.0
Net cash (used in) provided by financing activities (83.2) (155.5) 336.5
Effect of exchange rate changes on cash and cash equivalents (2.0) (0.5) (0.2)
Net cash flows (9.7) 15.3 22.5
Cash and cash equivalents:      
At beginning of period 58.0 42.7 20.2
At end of period 48.3 58.0 42.7
Cash paid for interest 20.0 21.0 21.7
Cash paid for income taxes $ 36.4 $ 80.2 $ 24.4