Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:      
Net (loss) income $ (87,652) $ (38,889) $ 107,111
Adjustments to reconcile net (loss) income to net cash   provided by operating activities:      
Depreciation and amortization 119,058 90,793 76,974
Stock-based compensation expense 8,096 7,729 13,460
Deferred tax benefit (16,607) (6,783) (23,125)
Gain on sale of assets, net (348) (8,567) (2,190)
(Gain) loss on sale of ownership interests in subsidiaries   6,469 0
Unrealized gain on investments (2,066) (305) (1,304)
Losses from equity-method investments 3,498 2,050 0
Realized loss (gain) on cost-method investments 0 4,731 (3,771)
Goodwill write-downs 90,408 77,572 0
Changes in working capital items 46,367 (12,482) (9,934)
Decrease (increase) in other assets 16,392 4,677 (9,872)
Increase in other liabilities 4,886 7,540 5,406
Other operating activities, net 9,623 (3,452) (5,181)
Net cash provided by operating activities 180,447 131,083 147,574
Cash flows from investing activities:      
Capital expenditures (34,849) (37,688) (43,200)
Acquisitions, net of cash acquired (1,000) (11,504) (121,065)
Proceeds from sale of assets 624 13,253 4,705
Proceeds from sale of cost-method investments 0 0 9,158
Proceeds from sale of ownership interests in subsidiaries   8,254 0
Investments and advances (9,703) (33,074) (11,934)
Net cash used in investing activities (2,718) (60,759) (162,336)
Cash flows from financing activities:      
Proceeds from long-term debt 1,154,809 503,693 704,188
Payments on long-term debt (1,281,092) (519,731) (651,166)
Purchases of treasury stock (4,428) (26,127) (21,181)
Dividends (26,437) (25,620) (24,637)
Acquisition holdback and contingent consideration payments (10,215) (4,421) 0
Other financing activities (4,889) (2,836) (6,303)
Net cash (used in) provided by financing activities (172,252) (75,042) 901
Effect of exchange rate changes on cash 555 (1,552) (2,082)
Net change in cash and cash equivalents 6,032 (6,270) (15,943)
Cash and cash equivalents at beginning of year 35,302 41,572 57,515
Cash and cash equivalents at end of year 41,334 35,302 41,572
Cash paid during the year for:      
Interest 35,269 41,453 37,232
Income taxes 20,734 15,467 11,014
Non-cash investing and financing activities:      
Acquisition of long-term asset under financing arrangement 0 0 14,544
Contribution of treasury stock to principal retirement plan $ 14,983 $ 0 $ 0