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, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 8,501 $ 21,443
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 70,441 71,813
Stock-based compensation expense 14,309 13,635
Deferred tax (benefit) provision (24,269) 680
(Gain) loss on sale of assets, net (453) 594
Defined benefit plan settlement losses 0 1,271
Defined benefit plan settlement payments 0 (24,242)
Proceeds from the settlement of cash flow hedges 0 10,474
Changes in working capital items (29,154) (16,131)
Decrease in other assets 14,490 4,313
Decrease in other liabilities (12,334) (4,748)
Other operating activities, net 1,805 (2,196)
Net cash provided by operating activities 43,336 76,906
Cash flows from investing activities:    
Capital expenditures (33,180) (37,107)
Acquisitions, net of cash acquired (5,825) (15,341)
Purchases of investments (825) (1,536)
Other investing activities, net 1,199 267
Net cash used in investing activities (38,631) (53,717)
Cash flows from financing activities:    
Proceeds from long-term debt 714,414 612,052
Payments on long-term debt (686,634) (643,494)
Purchases of treasury stock (20,525) (2,818)
Dividends (24,063) (21,184)
Payments of debt issuance costs (4,704) 0
Proceeds from net investment hedge 17,416 0
Other financing activities 0 (913)
Net cash used in financing activities (4,096) (56,357)
Effect of exchange rate changes on cash 35 1,049
Net change in cash and cash equivalents 644 (32,119)
Cash and cash equivalents at beginning of year 42,101 71,414
Cash and cash equivalents at end of period $ 42,745 $ 39,295