Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Operating Activities      
Consolidated net income $ 128.4 $ 116.8 $ 113.2
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 56.6 60.4 54.3
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 0.0 2.2 0.0
Pension settlement charge 0.0 0.0 17.7
Deferred income taxes 37.1 (4.7) (0.5)
Net loss (gain) on disposal or impairment of property (4.6) 0.3 (2.1)
Equity in net (income) loss from affiliates 0.4 (0.3) 2.1
Share-based compensation 10.5 8.5 12.0
Trade accounts receivable and receivables on long-term manufacturing contracts 10.7 9.7 (15.4)
Inventories 5.4 11.3 5.2
Prepaid expenses and other current assets (6.2) 5.5 (8.5)
Trade accounts payable 17.2 30.2 (76.6)
Accrued expenses and other current liabilities 64.6 (10.7) 1.0
Income taxes payable 4.8 3.8 13.5
Defined benefit plan funding (90.6) (15.5) (15.4)
Defined benefit plan expense 6.4 11.9 14.5
Other, net 5.5 8.8 (10.0)
Net cash provided by operating activities 246.2 238.2 105.0
Investing Activities      
Capital expenditures (22.0) (21.2) (31.0)
Proceeds from sales of property, plant, and equipment 5.7 2.0 2.8
Acquisitions of businesses, net of cash acquired 0.0 (235.4) 0.0
Return of investment capital from affiliates 3.2 1.1 1.5
Other, net (0.4) 0.0 (2.8)
Net cash used in investing activities (13.5) (253.5) (29.5)
Financing Activities      
Repayments on term loan (13.5) (9.0) (9.0)
Proceeds from revolving credit facility 819.3 719.8 430.2
Repayments on revolving credit facility (953.0) (627.2) (547.0)
Proceeds from unsecured Series A Notes, net of financing costs 0.0 0.0 99.6
Payment of dividends on common stock (51.9) (51.1) (50.4)
Repurchases of common stock (28.0) (21.2) (11.2)
Net proceeds on stock plans 13.7 11.1 3.4
Other, net (1.7) (0.8) 1.2
Net cash provided by (used in) financing activities (215.1) 21.6 (83.2)
Effect of exchange rate changes on cash and cash equivalents (3.6) (2.6) (2.0)
Net cash flows 14.0 3.7 (9.7)
Cash and cash equivalents:      
At beginning of period 52.0 48.3 58.0
At end of period 66.0 52.0 48.3
Cash paid for interest 20.3 22.7 20.0
Cash paid for income taxes $ 18.2 $ 48.0 $ 36.4