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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Operating activities:      
Net income $ 324.5 $ 579.4 $ 471.9
Depreciation and amortization 104.2 115.2 120.5
Stock-based compensation expense 29.3 29.0 26.7
Deferred income taxes 22.4 10.4 (3.1)
(Gain) loss on sale of assets (11.8) (3.3) 1.1
Foreign currency transaction (gains) losses (0.6) 0.8 1.4
Debt extinguishment 8.5   10.3
Other non-cash adjustments (0.6) 0.3 2.3
Changes in operating assets and liabilities:      
Receivables, net 266.7 173.2 (129.5)
Unbilled receivables, net 65.8 (239.8) (97.5)
Inventories, net (246.7) (111.0) (38.6)
Other current assets (17.4) (5.8) 11.2
Accounts payable (222.5) 12.8 124.3
Customer advances 112.3 (90.2) (68.4)
Payroll-related obligations (32.3) (7.6) 1.7
Income taxes payable (52.1) 36.2 26.2
Other current liabilities (37.1) 45.6 (33.9)
Other long-term assets and liabilities 14.7 23.1 9.7
Total changes in operating assets and liabilities (148.6) (163.5) (194.8)
Net cash provided by operating activities 327.3 568.3 436.3
Investing activities:      
Additions to property, plant and equipment (112.3) (147.6) (95.3)
Additions to equipment held for rental (17.9) (26.6) (4.8)
Proceeds from sale of property, plant and equipment 2.4 3.1 5.7
Proceeds from sale of equipment held for rental 38.8 12.0 5.8
Other investing activities 11.4 6.1 (1.8)
Net cash used by investing activities (77.6) (153.0) (90.4)
Financing activities:      
Proceeds from issuance of debt (original maturities greater than three months) 303.9   639.4
Repayments of debt (original maturities greater than three months) (300.0)   (653.8)
Debt issuance costs (9.6)   (12.9)
Repurchases of Common Stock (51.5) (357.4) (257.0)
Dividends paid (81.8) (75.5) (71.2)
Proceeds from exercise of stock options 26.1 11.3 16.6
Other financing activities (2.6)    
Net cash used by financing activities (115.5) (421.6) (338.9)
Effect of exchange rate changes on cash 0.3 0.1 0.6
Increase (decrease) in cash and cash equivalents 134.5 (6.2) 7.6
Cash and cash equivalents at beginning of year 448.4 454.6 447.0
Cash and cash equivalents at end of year 582.9 448.4 454.6
Supplemental disclosures:      
Cash paid for interest 55.9 53.6 55.7
Cash paid for income taxes 157.2 $ 117.6 $ 100.3
Cash paid for operating lease liabilities 55.8    
Operating right-of-use assets obtained $ 23.3