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, 2018
Sep. 30, 2017
Sep. 30, 2016
Operating Activities      
Consolidated net income $ 81.2 $ 128.4 $ 116.8
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 56.5 56.6 60.4
Goodwill and Intangible Asset Impairment 63.4 0.0 0.0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)   0.0 2.2
Deferred income taxes 3.7 37.1 (4.7)
Net loss (gain) on disposal or impairment of property 0.7 (4.6) 0.3
Equity in net loss (income) from affiliates 0.0 0.4 (0.3)
Share-based compensation 12.1 10.5 8.5
Trade accounts receivable and receivables on long-term manufacturing contracts (13.0) 10.7 9.7
Inventories (24.0) 5.4 11.3
Prepaid expenses and other current assets (0.1) (6.2) 5.5
Trade accounts payable 41.6 17.2 30.2
Accrued expenses and other current liabilities 5.8 64.6 (10.7)
Income taxes payable 23.0 4.8 3.8
Defined benefit plan funding (10.9) (90.6) (15.5)
Defined benefit plan expense 3.6 6.4 11.9
Other, net 4.7 5.5 8.8
Net cash provided by operating activities 248.3 246.2 238.2
Investing Activities      
Capital expenditures (27.0) (22.0) (21.2)
Proceeds from sales of property, plant, and equipment 3.7 5.7 2.0
Acquisitions of businesses, net of cash acquired 0.0 0.0 (235.4)
Return of investment capital from affiliates 0.0 3.2 1.1
Other, net 0.2 (0.4) 0.0
Net cash used in investing activities (23.1) (13.5) (253.5)
Financing Activities      
Repayments on term loan (148.5) (13.5) (9.0)
Proceeds from revolving credit facility, net of financing costs 1,094.0 819.3 719.8
Repayments on revolving credit facility (1,065.7) (953.0) (627.2)
Payment of dividends on common stock (52.1) (51.9) (51.1)
Repurchases of common stock (61.0) (28.0) (21.2)
Net proceeds on stock plans 7.1 13.7 11.1
Other, net (6.3) (1.7) (0.8)
Net cash (used in) provided by financing activities (232.5) (215.1) 21.6
Effect of exchange rate changes on cash and cash equivalents (2.7) (3.6) (2.6)
Net cash flows (10.0) 14.0 3.7
Cash and cash equivalents:      
At beginning of period 66.0 52.0 48.3
At end of period 56.0 66.0 52.0
Cash paid for interest 20.7 20.3 22.7
Cash paid for income taxes $ 38.9 $ 18.2 $ 48.0