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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income (loss) [1] $ (150.3) $ (152.8)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization [1] 134.9 330.5
Stock-based compensation [1] 17.6 13.3
Certain interest expense and other financing costs [1] 7.5 8.6
Loss on debt extinguishment [1] 60.2 14.7
Gain on sale of fixed assets and other [1] (2.7) (2.0)
Deferred income taxes [1] (163.9) (41.2)
Loss on sale of Interior Products [1],[2] 362.0 0.0
338(h)(10) election refund [1] 0.0 (5.3)
Changes in operating assets and liabilities:    
Accounts receivable [1] (67.0) 113.3
Inventories [1] (310.1) 65.8
Prepaid expenses and other current assets [1] (1.3) 4.8
Accounts payable and accrued expenses [1],[3] 91.3 (102.5)
Other assets and liabilities [1] 1.4 3.2
Net cash provided by (used in) operating activities [1] (20.4) 250.4
Investing Activities    
Purchases of property and equipment [1] (47.4) (31.4)
Acquisition of businesses, net [1] 0.0 5.3
Proceeds from sale of Interior Products [1],[2] 837.4 0.0
Proceeds from the sale of assets [1] 3.1 2.4
Net cash provided by (used in) investing activities [1] 793.1 (23.7)
Financing Activities    
Borrowings under revolving lines of credit [1] 252.3 2,037.2
Payments under revolving lines of credit [1] (509.3) (1,271.2)
Borrowings under term loan [1] 1,000.0 0.0
Payments under term loan [1] (945.8) (7.3)
Borrowings under senior notes [1] 350.0 300.0
Payment under senior notes [1] (1,300.0) (309.6)
Payment of debt issuance costs [1] (20.3) (3.9)
Payment of call premium [1] (31.7) 0.0
Payments under equipment financing facilities and finance leases [1] (4.9) (6.4)
Payment of dividends on Preferred Stock [1] (18.0) (18.0)
Proceeds from issuance of common stock related to equity awards [1] 24.8 1.6
Payment of taxes related to net share settlement of equity awards [1] (4.5) (2.8)
Net cash provided by (used in) financing activities [1] (1,207.4) 719.6
Effect of exchange rate changes on cash and cash equivalents [1] (1.0) (0.2)
Net increase (decrease) in cash and cash equivalents [1] (435.7) 946.1
Cash and cash equivalents, beginning of period [1] 624.6 72.3
Cash and cash equivalents, end of period [1] 188.9 1,018.4
Supplemental Cash Flow Information    
Operating cash flows provided by (used in) discontinued operations [1] (28.2) 84.3
Investing cash flows provided by (used in) discontinued operations [1] (2.5) (6.9)
Cash paid during the period for:    
Interest [1] 105.7 116.2
Income taxes paid (received), net of refunds [1],[4] 54.6 (0.4)
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Finance lease liabilities arising from obtaining right-of-use assets [1] $ 19.5 $ 4.1
[1] Unless otherwise noted, amounts include both continuing and discontinued operations.
[2] See Note 3 for additional information.
[3] Nine months ended June 30, 2021 amount includes $48.1 million of cash collected on behalf of, and due to, Foundation Building Materials Holding Company LLC as part of an ongoing transaction services agreement. For additional information see Note 1.
[4] Nine months ended June 30, 2021 amount includes $46.6 million related to the Interior Products divestiture.