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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:      
Net income (loss) $ 66.4 $ (7.7) $ 14.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 108.4 105.2 98.9
Amortization of intangible assets 35.8 44.5 51.5
Amortization of financing costs and original issue discount 2.8 3.5 3.7
Loss on debt extinguishment [1] 0.6 8.3 12.6
Deferred taxes 1.7 (21.5) (6.6)
Equity-based compensation 20.2 22.1 18.9
Realized gain on hedges (11.1) (15.2) (1.0)
Gain on divestiture (43.6) 0.0 0.0
Other non-cash activities (8.6) (5.3) (1.7)
Change in operating assets and liabilities:      
Accounts receivable 19.9 (52.6) (6.3)
Unbilled and deferred revenue 22.1 (5.4) (6.9)
Other operating assets 11.4 17.1 (10.5)
Accounts payable and other operating liabilities (20.4) 36.9 (59.7)
Net cash provided by operating activities 205.6 129.9 106.9
Cash flows from investing activities:      
Purchase of property and equipment (78.4) (71.3) (107.3)
Proceeds from sale of property and equipment 18.1 21.6 7.1
Business acquisitions, net of cash acquired 0.0 (13.8) (93.1)
Proceeds from divestiture 51.0 0.0 0.0
Other investing activities 3.7 2.1 (0.4)
Net cash (used) by investing activities (5.6) (61.4) (193.7)
Cash flows from financing activities:      
Repayments of finance lease obligations (36.3) (27.6) (27.0)
Repayments of term loan 0.0 (459.0) (1,006.3)
Repayments of receivables financing agreement (87.3) (554.5) (374.4)
Repayments of revolving credit facility 0.0 (33.5) (165.0)
Proceeds from term loan, net of issuance costs 0.0 0.0 1,180.1
Proceeds from receivables financing agreement, net of issuance costs 0.5 549.5 391.7
Proceeds from revolving credit facility 0.0 33.5 165.0
Debt issuance and prepayment costs (2.5) (1.8) (4.6)
Series A preferred stock dividend (17.8) 0.0 0.0
Proceeds from issuance of Series A preferred stock, net of issuance costs 0.0 495.0 0.0
Proceeds from issuance of common stock, net of share issuance costs 3.0 1.2 1.6
Repurchase of common stock and distributions (3.1) (2.2) (163.8)
Contingent business acquisition payments (5.1) (22.1) 0.0
Increase in book overdrafts 20.1 0.0 0.0
Other financing activities 1.9 (0.1) (14.1)
Net cash (used) by financing activities (126.6) (21.6) (16.8)
Net change in cash and cash equivalents 73.4 46.9 (103.6)
Cash and cash equivalents, beginning of period 67.0 20.1 123.7
Cash and cash equivalents, end of period 140.4 67.0 20.1
Supplemental Cash Flow Information:      
Cash (received) paid for income taxes, net 34.4 (9.8) 17.3
Cash paid for interest 67.7 82.1 48.7
Accrual for property and equipment 50.7 0.0 0.0
Series A Convertible Preferred Stock      
Supplemental Cash Flow Information:      
Non-cash Series A Preferred Stock dividends $ 8.9 $ 3.2 $ 0.0
[1] Represents losses on the extinguishment of debt related to Amendments No. 6, No. 7, and No. 8 to the Credit Agreement, in the fiscal years ended September 30, 2022, 2023, and 2024 respectively, and includes accelerated amortization of deferred financing fees and original issue discount as well as fees paid to lenders and third parties.