XML 20 R8.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net (loss) $ (24.1) $ (1.3)
Adjustments to reconcile net (loss) to net cash provided by operating activities:    
Depreciation 80.9 71.5
Amortization of intangible assets 33.7 38.7
Amortization of financing costs and original issue discount 2.7 2.8
Loss on debt extinguishment [1] 0.0 12.6
Deferred taxes (23.0) (12.7)
Equity-based compensation 15.7 14.0
Realized (gain) loss on hedges (6.9) 0.2
Other non-cash activities, net 0.1 (2.5)
Change in operating assets and liabilities:    
Accounts receivable (53.3) (28.8)
Unbilled and deferred revenue 11.0 16.0
Other operating assets 17.3 (7.6)
Accounts payable and other operating liabilities 35.2 (37.2)
Net cash provided by operating activities 89.3 65.7
Cash flows from investing activities:    
Purchase of property and equipment (57.9) (88.1)
Proceeds from sale of property and equipment 6.8 5.4
Business acquisitions, net of cash acquired (13.8) (89.4)
Other investing activities, net 1.9 0.0
Net cash (used) by investing activities (63.0) (172.1)
Cash flows from financing activities:    
Repayments of finance lease obligations (20.9) (18.1)
Repayments of term loan (9.0) (1,003.3)
Repayments of receivables financing agreement (448.0) (203.0)
Repayments of revolving credit facility (33.5) (165.0)
Proceeds from term loan, net of issuance costs 0.0 1,180.1
Proceeds from receivables financing agreement, net of issuance costs 460.0 223.7
Proceeds from revolving credit facility 33.5 165.0
Debt issuance costs 0.0 (4.6)
Proceeds from issuance of common stock, net of share issuance costs 1.0 1.3
Repurchase of common stock and distributions (1.3) (163.7)
Contingent business acquisition payments (18.5) 0.0
Other financing activities, net (0.1) (3.4)
Net cash (used) provided by financing activities (36.8) 9.0
Net change in cash and cash equivalents (10.5) (97.4)
Cash and cash equivalents, beginning of period 20.1 123.7
Cash and cash equivalents, end of period 9.6 26.3
Supplemental Cash Flow Information    
Cash (received) paid for income taxes, net (18.4) 16.5
Cash paid for interest $ 62.9 $ 31.1
[1] Represents losses on the extinguishment of debt related to Amendment No. 6 to the Credit Agreement and includes the write-off of deferred finance fees and original issue discount.