Cash Flow

v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 32,602 $ 77,575
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60,759 57,052
Stock-based compensation expense 6,169 10,531
Deferred tax benefit (4,031) (43,272)
Gain on sale of assets (210) (925)
Loss on divestiture 4,465 0
Unrealized loss (gain) on investments 680 (771)
Changes in working capital items (14,543) (5,897)
Increase in other assets (379) (11,932)
Increase in other liabilities 3,042 8,932
Other operating activities, net 860 (8,487)
Net cash provided by operating activities 89,414 82,806
Cash flows from investing activities:    
Capital expenditures (31,963) (32,150)
Acquisitions, net of cash acquired (11,525) (119,953)
Proceeds from sale of assets 1,508 3,358
Proceeds from divestiture 8,254 0
Purchases of investments (33,073) (11,871)
Net cash used in investing activities (66,799) (160,616)
Cash flows from financing activities:    
Proceeds from long-term debt 424,842 681,297
Payments on long-term debt (408,447) (566,891)
Purchases of treasury stock (21,815) (20,091)
Dividends (19,254) (18,528)
Acquisition holdback and contingent consideration payments (3,350) 0
Other financing activities (2,139) 0
Net cash (used in) provided by financing activities (30,163) 75,787
Effect of exchange rate changes on cash (421) (1,777)
Net change in cash and cash equivalents (7,969) (3,800)
Non-cash investing and financing activities:    
Acquisition of long-term asset under financing arrangement $ 0 $ 14,544

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