XML 28 R7.htm IDEA: XBRL DOCUMENT v3.21.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2019
Cash flows from operating activities      
Net income $ 126.3 $ 0.3 $ 127.4
(Income) loss from discontinued operations, net of taxes 0.0 (0.1) 0.1
Income from continuing operations 126.3 0.2 127.5
Adjustments to reconcile income from continuing operations to net cash provided by operating activities of continuing operations      
Depreciation and amortization 89.9 96.4 107.4
Impairment loss of goodwill and other intangibles 0.0 172.8 0.0
Impairment loss on fixed assets 9.1 0.0 0.0
Deferred income taxes (48.0) (36.6) 9.7
Share-based compensation expense 33.5 20.3 17.5
Provision for bad debt 0.6 19.6 6.7
Amortization of accumulated other comprehensive gain on interest rate swaps (6.4) (6.7) (5.7)
Discount accretion on insurance claims 0.1 0.8 0.8
Loss (gain) on sale of assets 0.2 2.1 (0.6)
Reserves on other assets 0.0 17.6 0.0
Income from unconsolidated affiliates (2.1) (2.2) (3.0)
Distributions from unconsolidated affiliates 1.9 0.1 5.4
Changes in operating assets and liabilities, net of effects of acquisitions      
Trade accounts receivable and costs incurred in excess of amounts billed (124.5) 141.4 (78.3)
Prepaid expenses and other current assets 6.8 (15.5) (13.2)
Right-of-use assets 19.3 24.4 0.0
Other noncurrent assets 13.8 (10.4) 4.5
Trade accounts payable and other accrued liabilities 265.7 (53.5) 85.8
Long-term lease liabilities (16.3) (22.9) 0.0
Insurance claims (28.4) 5.7 3.9
Income taxes payable 8.3 7.6 3.2
Other noncurrent liabilities (35.4) 96.2 (8.7)
Total adjustments 188.0 457.2 135.3
Net cash provided by operating activities of continuing operations 314.3 457.4 262.8
Net cash provided by (used in) operating activities of discontinued operations 0.0 0.1 (0.1)
Net cash provided by operating activities 314.3 457.5 262.7
Cash flows from investing activities      
Additions to property, plant and equipment (34.3) (38.0) (59.6)
Proceeds from sale of assets 4.4 5.5 1.3
Proceeds from redemption of auction rate security 0.0 5.0 0.0
Purchase of business, net of cash acquired (710.2) 0.0 0.0
Net cash used in investing activities (740.0) (27.5) (58.3)
Cash flows from financing activities      
Taxes withheld from issuance of share-based compensation awards, net (8.1) (0.9) (1.3)
Repurchases of common stock 0.0 (5.1) 0.0
Dividends paid (51.0) (49.3) (47.7)
Deferred financing costs paid (6.4) (4.4) 0.0
Borrowings from credit facility 357.7 1,058.5 1,755.9
Repayment of borrowings from credit facility (194.2) (1,141.6) (1,896.5)
Changes in book cash overdrafts (17.9) 41.2 (0.2)
Financing of energy savings performance contracts 15.1 11.1 8.1
Repayment of finance lease obligations (2.8) (3.4) (3.1)
Net cash provided by (used in) financing activities 92.4 (94.1) (184.8)
Effect of exchange rate changes on cash and cash equivalents 1.9 (0.2) (0.2)
Net (decrease) increase in cash and cash equivalents (331.4) 335.7 19.4
Cash and cash equivalents at beginning of year 394.2 58.5 39.1
Cash and cash equivalents at end of year 62.8 394.2 58.5
Supplemental cash flow information      
Income tax payments, net 93.5 82.2 20.6
Interest paid on credit facility $ 14.3 $ 32.9 $ 39.9