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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net income $ 69.5 $ 75.7
Depreciation and amortization 26.6 28.0
Stock-based compensation expense 6.6 9.4
Deferred income taxes 0.2 0.8
(Gain) loss on sale of assets 2.7 (8.6)
Foreign currency transaction (gains) losses 0.5 (1.3)
Other non-cash adjustments 2.6 0.4
Changes in operating assets and liabilities 259.4 (254.3)
Net cash provided (used) by operating activities 368.1 (149.9)
Investing activities:    
Additions to property, plant and equipment (21.6) (33.7)
Additions to equipment held for rental (1.9) (7.5)
Proceeds from sale of equipment held for rental 2.7 29.0
Other investing activities (2.5) (1.0)
Net cash used by investing activities (23.3) (13.2)
Financing activities:    
Repayments of debt (original maturities greater than three months) (5.2)  
Repurchases of Common Stock (8.0) (17.9)
Dividends paid (22.5) (20.4)
Proceeds from exercise of stock options 4.6 14.8
Other financing activities (1.2) (0.3)
Net cash used by financing activities (32.3) (23.8)
Effect of exchange rate changes on cash 3.2 2.5
Increase (decrease) in cash and cash equivalents 315.7 (184.4)
Cash and cash equivalents at beginning of period 582.9 448.4
Cash and cash equivalents at end of period 898.6 264.0
Supplemental disclosures:    
Cash paid for interest 10.6 14.6
Cash paid for income taxes 1.9 58.0
Cash paid for operating lease liabilities 13.4 13.8
Operating right-of-use assets obtained $ 6.1 $ 5.9