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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Cash flows from operating activities      
Net income $ 251.3 $ 230.4 $ 126.3
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 120.7 112.4 89.9
Impairment loss on fixed assets 0.0 0.0 9.1
Deferred income taxes (4.9) 67.7 (48.0)
Share-based compensation expense 30.5 30.5 33.5
Provision for/(Recovery of) bad debt 3.0 (7.7) 0.6
Amortization of accumulated other comprehensive gain on interest rate swaps 0.0 (4.8) (6.4)
Discount accretion on insurance claims 0.4 0.1 0.1
(Gain)/Loss on sale of assets (0.1) (0.8) 0.2
Income from unconsolidated affiliates (3.9) (2.4) (2.1)
Distributions from unconsolidated affiliates 1.9 1.9 1.9
Change in fair value of contingent consideration (45.6) 0.0 0.0
Changes in operating assets and liabilities, net of effects of acquisitions      
Trade accounts receivable and costs incurred in excess of amounts billed (152.7) (143.8) (124.5)
Prepaid expenses and other current assets (7.4) 19.7 6.8
Right-of-use assets 1.8 14.7 19.3
Other noncurrent assets 33.8 (21.2) 13.8
Trade accounts payable and other accrued liabilities (3.8) (143.0) 265.7
Long-term lease liabilities (5.7) (15.2) (16.3)
Insurance claims 5.0 (17.4) (28.4)
Income taxes payable 15.1 (31.8) 8.3
Other noncurrent liabilities 3.8 (69.0) (35.4)
Total adjustments (8.0) (210.0) 188.0
Net cash provided by operating activities 243.3 20.4 314.3
Cash flows from investing activities      
Additions to property, plant and equipment (52.6) (50.8) (34.3)
Proceeds from sale of assets 2.9 6.0 4.4
Investments in equity securities (12.4) (2.1) 0.0
Purchase of business, net of cash acquired 0.0 (194.6) (710.2)
Net cash used in investing activities (62.1) (241.5) (740.0)
Cash flows from financing activities      
Taxes withheld from issuance of share-based compensation awards, net (10.5) (9.9) (8.1)
Repurchases of common stock, including excise taxes (138.1) (97.5) 0.0
Dividends paid (57.5) (51.9) (51.0)
Deferred financing costs paid 0.0 0.0 (6.4)
Borrowings from debt 1,178.5 1,479.4 357.7
Repayment of borrowings from debt (1,136.0) (1,096.9) (194.2)
Changes in book cash overdrafts (20.3) 4.3 (17.9)
Financing of energy savings performance contracts 0.5 9.9 15.1
Repayment of finance lease obligations (3.0) (1.9) (2.8)
Net cash (used in) provided by financing activities (186.3) 235.5 92.4
Effect of exchange rate changes on cash and cash equivalents 1.6 (4.2) 1.9
Net (decrease) increase in cash and cash equivalents (3.5) 10.2 (331.4)
Cash and cash equivalents at beginning of year 73.0 62.8 394.2
Cash and cash equivalents at end of year 69.5 73.0 62.8
Supplemental cash flow information      
Income tax payments, net 69.1 46.4 93.5
Interest paid on credit facility $ 89.4 $ 28.9 $ 14.3