XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net earnings $ 65,117 $ 78,211
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 59,257 61,331
Net loss (gain) on sales of assets and businesses 890 (1,541)
Stock-based compensation 15,538 13,957
Deferred income taxes 545 (55)
Changes in operating assets and liabilities:    
Trade accounts receivable (26,467) (1,562)
Unbilled receivables (contract assets) (18,015) (48,742)
Costs to fulfill a contract (4,193) (10,884)
Inventories (42,408) (67,263)
Accounts payable and accrued liabilities 5,426 15,454
Contract liabilities 9,769 9,779
Income taxes (34,886) (725)
Retirement benefit obligations (615) (2,495)
Other 10,192 4,643
Net cash provided by operating activities 40,150 50,108
Cash flows from investing activities:    
Payments for purchase of property, plant, and equipment (44,046) (24,150)
Proceeds from sale of assets 199 5
Business acquisition, net of cash acquired 878  
Payments for short-term investments   (8)
Proceeds from sales of short-term investments 7,733 11,305
Net cash (used in) investing activities (35,236) (12,848)
Cash flows from financing activities:    
Cash dividends paid (24,537) (22,134)
Proceeds from sales of treasury stock 14,067 19,399
Payments for repurchases of common stock (26,369) (273,535)
Borrowings on revolving lines of credit and short-term borrowings 1,031,800 11,500
Payments on revolving lines of credit and short-term borrowings (968,100) (11,500)
Payments of debt financing costs (2,236)  
Payments of long-term debt and finance lease obligations (288) (564)
Net cash provided by (used in) financing activities 24,337 (276,834)
Effect of exchange rate changes on cash and cash equivalents (7,668) (533)
Net change in cash and cash equivalents 21,583 (240,107)
Cash and cash equivalents, including restricted cash, at beginning of year 107,844 448,462
Cash and cash equivalents, including restricted cash, at end of period $ 129,427 $ 208,355