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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income $ 383.0 $ 224.5
Depreciation and amortization 77.6 73.4
Stock-based compensation expense 20.3 24.3
Deferred income taxes 22.8 17.5
Gain on sale of assets (1.7) (10.4)
Foreign currency transaction gains (2.6) (2.7)
Debt extinguishment expense   8.5
Other non-cash adjustments 2.9 1.0
Changes in operating assets and liabilities 314.5 (299.7)
Net cash provided by operating activities 816.8 36.4
Investing activities:    
Additions to property, plant and equipment (60.8) (73.2)
Additions to equipment held for rental (7.4) (14.7)
Acquisition of business, net of cash acquired (112.6)  
Proceeds from sale of equipment held for rental 9.3 34.3
Other investing activities (5.5) (4.9)
Net cash used by investing activities (177.0) (58.5)
Financing activities:    
Proceeds from issuance of debt (original maturities greater than three months)   303.9
Repayments of debt (original maturities greater than three months) (5.2) (300.0)
Debt extinguishment and issuance costs   (9.6)
Repurchases of Common Stock (22.6) (50.7)
Dividends paid (67.9) (61.4)
Proceeds from exercise of stock options 42.1 24.2
Other financing activities (3.7) (1.5)
Net cash used by financing activities (57.3) (95.1)
Effect of exchange rate changes on cash 0.9 0.4
Increase (decrease) in cash and cash equivalents 583.4 (116.8)
Cash and cash equivalents at beginning of period 582.9 448.4
Cash and cash equivalents at end of period 1,166.3 331.6
Supplemental disclosures:    
Cash paid for interest 35.4 46.5
Cash paid for income taxes 148.3 88.6
Cash paid for operating lease liabilities 39.4 41.5
Operating right-of-use assets obtained $ 86.1 $ 19.9