Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Operating Activities      
Consolidated net (loss) income $ (53.4) $ 126.2 $ 81.2
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Depreciation and amortization 130.6 58.5 56.5
Impairment charges 144.8 0.0 63.4
Deferred income taxes (19.5) 6.7 3.7
Amortization of deferred financing costs 3.9 6.8 0.9
Settlement of interest rate swaps, net 0.0 (13.8) 0.0
Share-based compensation 14.0 12.0 12.1
Settlement of Milacron share-based equity awards 5.9 0.0 0.0
Net loss on divestitures 3.5 0.0 0.0
Trade accounts receivable and receivables on long-term manufacturing contracts 91.7 (66.2) (13.0)
Inventories 58.5 (8.6) (24.0)
Prepaid expenses and other current assets 19.0 (7.6) (0.1)
Trade accounts payable (68.2) 46.4 41.6
Liabilities from long-term manufacturing contracts and advances, accrued compensation, and other current liabilities (2.5) 36.0 5.8
Income taxes payable 16.4 (9.6) 23.0
Defined benefit plan funding (12.4) (10.3) (10.9)
Defined benefit plan expense 6.8 3.5 3.6
Other, net 15.7 (1.1) 4.5
Net cash provided by operating activities 354.8 178.9 248.3
Investing Activities      
Capital expenditures (35.9) (25.5) (27.0)
Proceeds from sales of property, plant, and equipment 21.2 0.2 3.7
Acquisitions of businesses, net of cash acquired (1,503.1) (25.9) 0.0
Proceeds from divestiture, net of cash divested 221.9 0.0 0.0
Other, net 0.0 0.0 (0.1)
Net cash used in investing activities (1,295.9) (51.2) (23.4)
Financing Activities      
Proceeds from long-term debt, net of discount 1,125.2 374.4 0.0
Repayments of long-term debt (186.3) 0.0 (148.5)
Proceeds from revolving credit facility 1,351.7 897.3 1,096.8
Repayments on revolving credit facility (1,353.9) (990.4) (1,065.7)
Payment of deferred financing costs (14.7) (7.5) (2.8)
Payment of dividends on common stock (63.4) (52.6) (52.1)
Repurchases of common stock 0.0 0.0 (61.0)
Proceeds from stock option exercises and other 1.2 2.6 11.2
Payments for employee taxes on net settlement equity awards (1.9) (4.2) (4.1)
Other, net (3.0) (2.1) (6.3)
Net cash provided by (used in) financing activities 854.9 217.5 (232.5)
Effect of exchange rate changes on cash and cash equivalents (1.4) (2.3) (2.7)
Net cash flows (87.6) 342.9 (10.3)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
At Beginning of Period 399.4 56.5 66.8
At End of Period 311.8 399.4 56.5
Cash paid for interest 56.7 19.9 20.7
Cash paid for income taxes 39.2 53.3 $ 38.9
Cash, cash equivalents, and restricted cash:      
At end of period 302.2 399.0  
Restricted Cash $ 9.6 $ 0.4