Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flow

v3.3.1.900
Consolidated Statements of Cash Flow - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating Activities    
Consolidated net income $ 21.0 $ 29.7
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 16.0 15.0
Deferred income taxes 0.5 0.5
Share-based compensation 0.6 2.2
Trade accounts receivable and receivables on long-term manufacturing contracts 34.6 5.5
Inventories (7.6) (11.7)
Prepaid expenses and other current assets 4.4 0.3
Trade accounts payable (1.6) (48.7)
Accrued expenses and other current liabilities (33.5) (37.9)
Income taxes payable (5.0) 8.4
Defined benefit plan and postretirement funding (3.1) (2.7)
Defined benefit plan and postretirement expense 3.1 3.6
Other, net 6.3 (6.1)
Net cash provided by (used in) operating activities 35.7 (41.9)
Investing Activities    
Capital expenditures (6.5) (5.7)
Proceeds from sales of property, plant, and equipment 0.1 0.5
Payments to Acquire Businesses, Net of Cash Acquired (105.7) 0.0
Other, net 0.0 (2.6)
Net cash used in investing activities (112.1) (7.8)
Financing Activities    
Repayments on term loan (3.4) (2.3)
Proceeds from revolving credit facilities 182.3 149.3
Repayments on revolving credit facilities (81.5) (187.2)
Proceeds from unsecured Series A Notes, net of financing costs 0.0 99.7
Payments of dividends on common stock (12.7) (12.6)
Repurchases of common stock (3.0) (6.8)
Net proceeds (payments) on stock plans (0.8) 1.2
Other, net 0.8 1.0
Net cash provided by financing activities 81.7 42.3
Effect of exchange rates on cash and cash equivalents 1.5 1.4
Net cash flows 6.8 (6.0)
Cash and cash equivalents:    
At beginning of period 48.3 58.0
At end of period $ 55.1 $ 52.0