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, 2018
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:      
Net income $ 107,111 $ 73,933 $ 66,161
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 76,974 67,981 65,480
Stock-based compensation expense 13,460 14,562 10,612
Deferred tax (benefit) provision (23,125) 9,725 (3,971)
Gain on sale of assets (2,190) (776) (73)
Gain on sale of investments (3,771) 0 0
Unrealized gain on investments (1,304) (2,660) (1,426)
Changes in working capital items (9,934) 5,784 13,715
Increase in other assets (9,872) (17,256) (5,591)
Increase (decrease) in other liabilities 6,510 (7,150) 5,397
(Decrease) increase in pension and postretirement benefit obligations (1,104) 9,689 (2,465)
Other operating activities, net (5,181) (4,533) (7,565)
Net cash provided by operating activities 147,574 149,299 140,274
Cash flows from investing activities:      
Capital expenditures (43,200) (44,935) (41,682)
Acquisitions, net of cash acquired (121,065) (98,235) (6,937)
Proceeds from sale of assets 4,705 3,764 1,478
Proceeds from sale of investments 9,158 0 0
Purchases of investments (11,934) (2,211) 0
Net cash used in investing activities (162,336) (141,617) (47,141)
Cash flows from financing activities:      
Proceeds from long-term debt 704,188 417,043 90,421
Payments on long-term debt (651,166) (388,447) (120,380)
Purchases of treasury stock (21,181) (14,025) (57,998)
Proceeds from the exercise of stock options 0 14 6,406
Dividends (24,637) (21,762) (19,413)
Transactions with noncontrolling interests 0 0 (5,566)
Other financing activities (6,303) 0 (2,318)
Net cash provided by (used in) financing activities 901 (7,177) (108,848)
Effect of exchange rate changes on cash (2,082) 1,299 (770)
Net change in cash and cash equivalents (15,943) 1,804 (16,485)
Cash and cash equivalents at beginning of year 57,515 55,711 72,196
Cash and cash equivalents at end of year 41,572 57,515 55,711
Cash paid during the year for:      
Interest 37,232 26,271 24,133
Income taxes 11,014 8,472 11,855
Non-cash investing and financing activities:      
Acquisition of long-term asset under financing arrangement $ 14,544 $ 0 $ 0