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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income $ 81.9 $ 87.0
Adjustments to reconcile to cash flows from operations    
Income from discontinued operations (54.9) (52.8)
Depreciation and amortization 18.5 16.9
Deferred income taxes (26.5) 7.5
Stock-based compensation expense 2.9 3.2
Other, net 0.6 0.6
Change in assets and liabilities    
Receivables 13.4 (4.7)
Inventories (1.0) 3.1
Payables and accrued liabilities (17.2) (22.3)
Other assets and liabilities 30.8 (0.8)
Operating cash flows from continuing operations 48.5 37.7
Operating cash flows from discontinued operations (57.2) (5.9)
Total cash (used in) provided by operating activities (8.7) 31.8
Cash flows from investing activities    
Additions to property, plant and equipment (39.9) (32.0)
Notes receivable, net of repayments (0.5) 3.0
Acquisitions of businesses, net of cash acquired (9.6) (13.6)
Other investing activities, net 1.6 (0.1)
Investing cash flows from continuing operations (48.4) (42.7)
Investing cash flows from discontinued operations (8.4) (3.1)
Total cash used in investing activities (56.8) (45.8)
Cash flows from financing activities    
Proceeds from borrowings, net of issuance costs 250.0 0.0
Repayments on borrowings (119.4) 0.0
Repurchases of common stock (87.4) (31.5)
Cash dividends paid (21.8) (22.5)
Other financing activities (8.9) (8.9)
Financing cash flows from continuing operations 12.5 (62.9)
Financing cash flows from discontinued operations 60.0 (0.9)
Total cash provided by (used in) financing activities 72.5 (63.8)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash 2.1 0.1
Increase (decrease) in cash, cash equivalents, and restricted cash 9.1 (77.7)
Cash, cash equivalents, and restricted cash - beginning of period 83.9 231.4
Cash, cash equivalents, and restricted cash - end of period $ 93.0 $ 153.7