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, 2023
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:      
Net income (loss) $ 39,136 $ (99,828) $ 2,858
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Depreciation and amortization 96,530 104,056 133,512
Stock-based compensation expense 17,308 17,432 15,581
Deferred tax (benefit) provision (21,626) (32,962) 4,158
Gain on divestitures and sale of assets, net (2,980) (3,390) (412)
Asset write-downs 0 10,050 0
Goodwill write-downs 0 82,454 0
Defined benefit plan settlement losses 1,271 30,856 0
Defined benefit plan settlement payments (24,242) (35,706) 0
Proceeds from the settlement of cash flow hedges 10,474 0 0
Changes in working capital items (35,503) 29,590 12,982
Decrease in other assets 9,339 20,093 15,115
Decrease in other liabilities (8,863) (9,699) (16,346)
Other operating activities, net (1,320) 13,914 (4,637)
Net cash provided by operating activities 79,524 126,860 162,811
Cash flows from investing activities:      
Capital expenditures (50,598) (61,321) (34,313)
Acquisitions, net of cash acquired (15,341) (44,469) (15,623)
Purchases of investments (1,606) (2,198) 0
Proceeds from sale of assets 2,120 4,955 2,776
Proceeds from divestitures 6,700 344 0
Proceeds from sale of investments 0 8,771 34,167
Proceeds from the settlement of net investment hedges 0 13,066 0
Net cash used in investing activities (58,725) (80,852) (12,993)
Cash flows from financing activities:      
Proceeds from long-term debt 865,747 777,809 625,628
Payments on long-term debt (883,971) (742,121) (702,395)
Purchases of treasury stock (2,857) (41,717) (11,858)
Dividends (28,202) (27,685) (27,704)
Acquisition holdback and contingent consideration payments 0 (725) (1,781)
Transactions with noncontrolling interests 0 0 (1,760)
Other financing activities (912) (2,774) (2,982)
Net cash used in financing activities (50,195) (37,213) (122,852)
Effect of exchange rate changes on cash 83 (5,724) 43
Net change in cash, cash equivalents and restricted cash (29,313) 3,071 27,009
Cash, cash equivalents and restricted cash at beginning of year 71,414 68,343 41,334
Cash, cash equivalents and restricted cash at end of year 42,101 71,414 68,343
Cash paid during the year for:      
Interest 43,525 27,411 28,824
Income taxes $ 18,014 $ 13,647 $ 9,166