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, 2019
Sep. 30, 2018
Sep. 30, 2017
Operating Activities      
Consolidated net income $ 126.2 $ 81.2 $ 128.4
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 58.5 56.5 56.6
Impairment charges 0.0 63.4 0.0
Deferred income taxes 6.7 3.7 37.1
Net loss (gain) on disposal or impairment of property 0.0 0.7 (4.6)
Equity in net loss (income) from affiliates 0.0 0.0 0.4
Share-based compensation 12.0 12.1 10.5
Trade accounts receivable and receivables on long-term manufacturing contracts (66.2) (13.0) 10.7
Inventories (8.6) (24.0) 5.4
Prepaid expenses and other current assets (7.6) (0.1) (6.2)
Trade accounts payable 46.4 41.6 17.2
Liabilities from long-term manufacturing contracts and advances, accrued compensation, and other current liabilities 36.0 5.8 64.6
Income taxes payable (9.6) 23.0 4.8
Defined benefit plan funding (10.3) (10.9) (90.6)
Defined benefit plan expense 3.5 3.6 6.4
Settlement of interest rate swaps, net (13.8) 0.0 0.0
Amortization of deferred financing costs 6.8 0.9 0.3
Other, net (1.1) 3.8 5.2
Net cash provided by operating activities 178.9 248.3 246.2
Investing Activities      
Capital expenditures (25.5) (27.0) (22.0)
Proceeds from sales of property, plant, and equipment 0.2 3.7 5.7
Acquisitions of businesses, net of cash acquired (25.9) 0.0 0.0
Return of investment capital from affiliates 0.0 0.0 3.2
Other, net 0.0 (0.1) (0.4)
Net cash used in investing activities (51.2) (23.4) (13.5)
Financing Activities      
Proceeds from long-term debt, net of discount 374.4 0.0 0.0
Repayments of long-term debt 0.0 (148.5) (13.5)
Proceeds from revolving credit facility 897.3 1,096.8 819.3
Repayments on revolving credit facility (990.4) (1,065.7) (953.0)
Payment of deferred financing costs (7.5) (2.8) 0.0
Payment of dividends on common stock (52.6) (52.1) (51.9)
Repurchases of common stock 0.0 (61.0) (28.0)
Proceeds from stock option exercises and other 2.6 11.2 16.3
Payments for employee taxes on net settlement equity awards (4.2) (4.1) (2.6)
Other, net (2.1) (6.3) (1.7)
Net cash provided by (used in) financing activities 217.5 (232.5) (215.1)
Effect of exchange rate changes on cash and cash equivalents (2.3) (2.7) (3.6)
Net cash flows 342.9 (10.3) 14.0
Cash, cash equivalents, and restricted cash:      
At end of period 399.0 56.0  
Restricted Cash 0.4 0.5  
Cash paid for interest 19.9 20.7 20.3
Cash paid for income taxes 53.3 38.9 18.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
At Beginning of Period 56.5 66.8 52.8
At End of Period $ 399.4 $ 56.5 $ 66.8