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, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 53,150 $ 42,561
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,810 49,278
Stock-based compensation expense 11,854 7,940
Change in deferred taxes (3,602) (995)
Gain on sale of assets (332) (176)
Unrealized gain on investments (1,953) (819)
Changes in working capital items (2,908) 6,585
Increase in other assets (11,227) (4,443)
Decrease in other liabilities (5,012) (1,573)
Increase in pension and postretirement benefits 6,115 9,778
Other operating activities, net (1,133) (9,731)
Net cash provided by operating activities 95,762 98,405
Cash flows from investing activities:    
Capital expenditures (32,215) (32,697)
Acquisitions, net of cash acquired (96,320) (6,936)
Proceeds from sale of assets 1,515 1,344
Other investing activities, net (681) 0
Net cash used in investing activities (127,701) (38,289)
Cash flows from financing activities:    
Proceeds from long-term debt 372,768 77,713
Payments on long-term debt (311,718) (61,295)
Proceeds from the exercise of stock options 14 5,181
Purchases of treasury stock (11,651) (57,903)
Dividends (16,193) (14,375)
Transactions with noncontrolling interests 0 (4,228)
Other financing activities 0 (2,318)
Net cash provided by (used in) financing activities 33,220 (57,225)
Effect of exchange rate changes on cash (240) (604)
Net change in cash and cash equivalents $ 1,041 $ 2,287