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, 2024
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:      
Net (loss) income $ (59,660) $ 39,136 $ (99,828)
Adjustments to reconcile net (loss) income to net cash flows from operating activities:      
Depreciation and amortization 94,770 96,530 104,056
Stock-based compensation expense 18,478 17,308 17,432
Deferred tax benefit (25,223) (21,626) (32,962)
Gain on divestitures and sale of assets, net (1,428) (2,980) (3,390)
Asset write-downs 16,847 0 10,050
Goodwill write-downs 16,727 0 82,454
Defined benefit plan settlement losses 0 1,271 30,856
Defined benefit plan settlement payments 0 (24,242) (35,706)
Proceeds from the settlement of cash flow hedges 0 10,474 0
Changes in working capital items 14,696 (35,503) 29,590
Decrease in other assets 20,613 9,339 20,093
Decrease in other liabilities (17,196) (8,863) (9,699)
Other operating activities, net 658 (1,320) 13,914
Net cash provided by operating activities 79,282 79,524 126,860
Cash flows from investing activities:      
Capital expenditures (45,218) (50,598) (61,321)
Acquisitions, net of cash acquired (5,825) (15,341) (44,469)
Purchases of investments (825) (1,606) (2,198)
Proceeds from sale of assets 4,156 2,120 4,955
Proceeds from divestitures 544 6,700 344
Proceeds from sale of investments 200 0 8,771
Proceeds from the settlement of net investment hedges 0 0 13,066
Net cash used in investing activities (46,968) (58,725) (80,852)
Cash flows from financing activities:      
Proceeds from long-term debt 1,244,737 865,747 777,809
Payments on long-term debt (1,276,075) (883,971) (742,121)
Purchases of treasury stock (20,574) (2,857) (41,717)
Dividends (31,409) (28,202) (27,685)
Acquisition holdback and contingent consideration payments 0 0 (725)
Payments of debt issuance costs (10,154) 0 0
Proceeds from net investment hedges 58,432 0 0
Other financing activities 0 (912) (2,774)
Net cash used in financing activities (35,043) (50,195) (37,213)
Effect of exchange rate changes on cash 1,444 83 (5,724)
Net change in cash, cash equivalents and restricted cash (1,285) (29,313) 3,071
Cash, cash equivalents and restricted cash at beginning of year 42,101 71,414 68,343
Cash, cash equivalents and restricted cash at end of year 40,816 42,101 71,414
Cash paid during the year for:      
Interest 50,337 43,525 27,411
Income taxes $ 19,246 $ 18,014 $ 13,647