Cash Flow

v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 18,178 $ 53,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40,276 36,986
Stock-based compensation expense 5,013 8,132
Deferred tax benefit (3,176) (38,429)
Gain on sale of assets (128) (813)
Loss on divestiture   0
Unrealized loss (gain) on investments 806 (199)
Changes in working capital items (17,552) (7,818)
Increase in other assets (406) (8,192)
Increase in other liabilities 937 9,628
Other operating activities, net (3,124) 3,745
Net cash provided by operating activities 45,289 56,270
Cash flows from investing activities:    
Capital expenditures (19,170) (21,854)
Acquisitions, net of cash acquired (11,525) (119,689)
Proceeds from sale of assets 462 1,731
Proceeds from divestiture 8,254 0
Investments and advances (11,488) (11,746)
Net cash used in investing activities (33,467) (151,558)
Cash flows from financing activities:    
Proceeds from long-term debt 181,594 627,192
Payments on long-term debt (167,327) (495,109)
Purchases of treasury stock (13,286) (18,305)
Dividends (12,860) (12,110)
Payment of acquisition holdback (2,050) 0
Other financing activities (1,436) 0
Net cash (used in) provided by financing activities (15,365) 101,668
Effect of exchange rate changes on cash (299) 936
Net change in cash and cash equivalents (3,842) 7,316
Non-cash investing and financing activities:    
Acquisition of long-term asset under financing arrangement $ 0 $ 14,544

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