Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 77,575 $ 54,384
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57,052 50,810
Stock-based compensation expense 10,531 11,854
Deferred tax benefit (43,272) (4,836)
Gain on sale of assets (925) (332)
Unrealized gain on investments (771) (1,953)
Changes in working capital items (5,897) (2,908)
Increase in other assets (11,932) (11,227)
Increase (decrease) in other liabilities 10,405 (5,012)
(Decrease) increase in pension and postretirement benefits (1,473) 6,115
Other operating activities, net (8,487) (1,133)
Net cash provided by operating activities 82,806 95,762
Cash flows from investing activities:    
Capital expenditures (32,150) (32,215)
Acquisitions, net of cash acquired (119,953) (96,320)
Proceeds from sale of assets 3,358 1,515
Purchases of investments (11,871) 0
Other investing activities, net 0 (681)
Net cash used in investing activities (160,616) (127,701)
Cash flows from financing activities:    
Proceeds from long-term debt 681,297 372,768
Payments on long-term debt (566,891) (311,718)
Proceeds from the exercise of stock options 0 14
Purchases of treasury stock (20,091) (11,651)
Dividends (18,528) (16,193)
Net cash provided by financing activities 75,787 33,220
Effect of exchange rate changes on cash (1,777) (240)
Net change in cash and cash equivalents (3,800) 1,041
Non-cash investing and financing activities:    
Acquisition of long-term asset under financing arrangement $ 14,544 $ 0