XML 17 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net Earnings Including Redeemable Noncontrolling Interest $ 35.4 $ 50.4
Adjustments to reconcile net earnings including redeemable noncontrolling interest to net cash provided by (used in) operating activities:    
Depreciation and amortization 30.6 12.8
Unrealized gain on interest rate swaps (1.4) 0.0
Loss on refinancing of debt 1.5 0.0
Non-cash stock-based compensation expense 2.2 1.1
Deferred income taxes (0.7) (3.4)
Other, net 2.8 2.5
Other changes in operating assets and liabilities:    
Increase in receivables (34.4) (42.7)
Decrease (increase) in inventories 2.2 (12.9)
Increase in prepaid expenses and other current assets (1.0) (2.7)
Decrease in other assets 1.4 1.2
Increase (decrease) in accounts payable and other current liabilities 34.8 (11.4)
Increase in non-current liabilities 0.4 0.0
Net Cash Provided by (Used in) Operating Activities 73.8 (5.1)
Cash Flows from Investing Activities:    
Additions to property (0.5) (1.2)
Net Cash Used in Investing Activities (0.5) (1.2)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 20.0 871.0
Proceeds from issuance of common stock, net of issuance costs 0.0 524.4
Repayments of long-term debt (96.3) (1,298.7)
Payments of debt issuance costs and deferred financing fees 0.0 (9.6)
Payment of debt refinancing fees (1.5) 0.0
Distributions to Post Holdings, Inc., net (10.7) (9.5)
Other, net (0.9) 0.0
Net Cash (Used in) Provided by Financing Activities (89.4) 77.6
Effect of Exchange Rate Changes on Cash and Cash Equivalents 0.6 (0.1)
Net (Decrease) Increase in Cash and Cash Equivalents (15.5) 71.2
Cash and Cash Equivalents, Beginning of Year 48.7 5.5
Cash and Cash Equivalents, End of Period $ 33.2 $ 76.7