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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2017
GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION |
Schedule of Consolidated Condensed Statements of Operations | CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (in thousands)
|  | Year Ended September 30, 2017 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 1,575,787 |  | $ | 229,021 |  | $ | (67) |  | $ | 1,804,741 |
Operating costs and other |  |  | 16,566 |  |  | 1,707,473 |  |  | 254,125 |  |  | (882) |  |  | 1,977,282 |
Operating income (loss) from continuing operations |  |  | (16,566) |  |  | (131,686) |  |  | (25,104) |  |  | 815 |  |  | (172,541) |
Other income (expense), net |  |  | (240) |  |  | 7,342 |  |  | 1,403 |  |  | (815) |  |  | 7,690 |
Interest expense |  |  | (398) |  |  | (20,136) |  |  | 787 |  |  | — |  |  | (19,747) |
Equity in net income (loss) of subsidiaries |  |  | (116,212) |  |  | (8,012) |  |  | — |  |  | 124,224 |  |  | — |
Loss from continuing operations before income taxes |  |  | (133,416) |  |  | (152,492) |  |  | (22,914) |  |  | 124,224 |  |  | (184,598) |
Income tax benefit |  |  | (5,204) |  |  | (38,600) |  |  | (12,931) |  |  | — |  |  | (56,735) |
Loss from continuing operations |  |  | (128,212) |  |  | (113,892) |  |  | (9,983) |  |  | 124,224 |  |  | (127,863) |
Income from discontinued operations before income taxes |  |  | — |  |  | — |  |  | 3,285 |  |  | — |  |  | 3,285 |
Income tax provision |  |  | — |  |  | — |  |  | 3,634 |  |  | — |  |  | 3,634 |
Loss from discontinued operations |  |  | — |  |  | — |  |  | (349) |  |  | — |  |  | (349) |
Net loss |  | $ | (128,212) |  | $ | (113,892) |  | $ | (10,332) |  | $ | 124,224 |  | $ | (128,212) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (in thousands)
|  | Year Ended September 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 1,373,511 |  | $ | 250,791 |  | $ | (70) |  | $ | 1,624,232 |
Operating costs and other |  |  | 13,145 |  |  | 1,358,269 |  |  | 280,107 |  |  | (1,323) |  |  | 1,650,198 |
Operating income (loss) from continuing operations |  |  | (13,145) |  |  | 15,242 |  |  | (29,316) |  |  | 1,253 |  |  | (25,966) |
Other expense, net |  |  | (194) |  |  | (22,243) |  |  | (98) |  |  | (1,253) |  |  | (23,788) |
Interest expense |  |  | (375) |  |  | (20,256) |  |  | (2,282) |  |  | — |  |  | (22,913) |
Equity in net income (loss) of subsidiaries |  |  | (47,166) |  |  | (14,472) |  |  | — |  |  | 61,638 |  |  | — |
Loss from continuing operations before income taxes |  |  | (60,880) |  |  | (41,729) |  |  | (31,696) |  |  | 61,638 |  |  | (72,667) |
Income tax provision (benefit) |  |  | (4,052) |  |  | 5,127 |  |  | (20,752) |  |  | — |  |  | (19,677) |
Loss from continuing operations |  |  | (56,828) |  |  | (46,856) |  |  | (10,944) |  |  | 61,638 |  |  | (52,990) |
Income from discontinued operations before income taxes |  |  | — |  |  | — |  |  | 2,360 |  |  | — |  |  | 2,360 |
Income tax provision |  |  | — |  |  | — |  |  | 6,198 |  |  | — |  |  | 6,198 |
Loss from discontinued operations |  |  | — |  |  | — |  |  | (3,838) |  |  | — |  |  | (3,838) |
Net loss |  | $ | (56,828) |  | $ | (46,856) |  | $ | (14,782) |  | $ | 61,638 |  | $ | (56,828) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (in thousands)
|  | Year Ended September 30, 2015 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 2,735,863 |  | $ | 425,914 |  | $ | (75) |  | $ | 3,161,702 |
Operating costs and other |  |  | 10,875 |  |  | 2,037,465 |  |  | 444,503 |  |  | (3,104) |  |  | 2,489,739 |
Operating income (loss) from continuing operations |  |  | (10,875) |  |  | 698,398 |  |  | (18,589) |  |  | 3,029 |  |  | 671,963 |
Other income (expense), net |  |  | (91) |  |  | 7,523 |  |  | 536 |  |  | (3,029) |  |  | 4,939 |
Interest expense |  |  | (159) |  |  | (8,955) |  |  | (5,909) |  |  | — |  |  | (15,023) |
Equity in net income of subsidiaries |  |  | 427,342 |  |  | (13,128) |  |  | — |  |  | (414,214) |  |  | — |
Income (loss) from continuing operations before income taxes |  |  | 416,217 |  |  | 683,838 |  |  | (23,962) |  |  | (414,214) |  |  | 661,879 |
Income tax provision |  |  | (4,210) |  |  | 258,536 |  |  | (12,921) |  |  | — |  |  | 241,405 |
Income (loss) from continuing operations |  |  | 420,427 |  |  | 425,302 |  |  | (11,041) |  |  | (414,214) |  |  | 420,474 |
Loss from discontinued operations before income taxes |  |  | — |  |  | — |  |  | (124) |  |  | — |  |  | (124) |
Income tax benefit |  |  | — |  |  | — |  |  | (77) |  |  | — |  |  | (77) |
Loss from discontinued operations |  |  | — |  |  | — |  |  | (47) |  |  | — |  |  | (47) |
Net income (loss) |  | $ | 420,427 |  | $ | 425,302 |  | $ | (11,088) |  | $ | (414,214) |  | $ | 420,427 |
Schedule of Consolidated Condensed Statements of Comprehensive Income | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in thousands)
|  | Year Ended September 30, 2017 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net loss |  | $ | (128,212) |  | $ | (113,892) |  | $ | (10,332) |  | $ | 124,224 |  | $ | (128,212) |
Other comprehensive income, net of income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  |  | — |  |  | (829) |  |  | — |  |  | — |  |  | (829) |
Minimum pension liability adjustments, net |  |  | 860 |  |  | 2,473 |  |  | — |  |  | — |  |  | 3,333 |
Other comprehensive income |  |  | 860 |  |  | 1,644 |  |  | — |  |  | — |  |  | 2,504 |
Comprehensive loss |  | $ | (127,352) |  | $ | (112,248) |  | $ | (10,332) |  | $ | 124,224 |  | $ | (125,708) |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Year Ended September 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net loss |  | $ | (56,828) |  | $ | (46,856) |  | $ | (14,782) |  | $ | 61,638 |  | $ | (56,828) |
Other comprehensive loss, net of income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized appreciation on securities, net |  |  | — |  |  | 2,772 |  |  | — |  |  | — |  |  | 2,772 |
Reclassification of realized losses in net income, net |  |  | — |  |  | 926 |  |  | — |  |  | — |  |  | 926 |
Minimum pension liability adjustments, net |  |  | (63) |  |  | (2,462) |  |  | — |  |  | — |  |  | (2,525) |
Other comprehensive income (loss) |  |  | (63) |  |  | 1,236 |  |  | — |  |  | — |  |  | 1,173 |
Comprehensive loss |  | $ | (56,891) |  | $ | (45,620) |  | $ | (14,782) |  | $ | 61,638 |  | $ | (55,655) |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Year Ended September 30, 2015 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net income (loss) |  | $ | 420,427 |  | $ | 425,302 |  | $ | (11,088) |  | $ | (414,214) |  | $ | 420,427 |
Other comprehensive loss, net of income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  |  | — |  |  | (80,217) |  |  | — |  |  | — |  |  | (80,217) |
Minimum pension liability adjustments, net |  |  | (666) |  |  | (3,620) |  |  | — |  |  | — |  |  | (4,286) |
Other comprehensive loss |  |  | (666) |  |  | (83,837) |  |  | — |  |  | — |  |  | (84,503) |
Comprehensive income (loss) |  | $ | 419,761 |  | $ | 341,465 |  | $ | (11,088) |  | $ | (414,214) |  | $ | 335,924 |
Schedule of Consolidated Condensed Balance Sheets | CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands)
|  | September 30, 2017 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | (587) |  | $ | 508,091 |  | $ | 13,871 |  | $ | — |  | $ | 521,375 |
Short-term investments |  |  | — |  |  | 44,491 |  |  | — |  |  | — |  |  | 44,491 |
Accounts receivable, net of reserve |  |  | 766 |  |  | 411,599 |  |  | 64,714 |  |  | (5) |  |  | 477,074 |
Inventories |  |  | — |  |  | 102,470 |  |  | 34,734 |  |  | — |  |  | 137,204 |
Prepaid expenses and other |  |  | 12,200 |  |  | 6,383 |  |  | 36,979 |  |  | (442) |  |  | 55,120 |
Current assets of discontinued operations |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Total current assets |  |  | 12,379 |  |  | 1,073,034 |  |  | 150,301 |  |  | (447) |  |  | 1,235,267 |
Investments |  |  | 13,853 |  |  | 70,173 |  |  | — |  |  | — |  |  | 84,026 |
Property, plant and equipment, net |  |  | 49,851 |  |  | 4,609,144 |  |  | 342,056 |  |  | — |  |  | 5,001,051 |
Intercompany |  |  | 90,885 |  |  | 1,746,662 |  |  | 248,540 |  |  | (2,086,087) |  |  | — |
Goodwill |  |  | — |  |  | — |  |  | 51,705 |  |  | — |  |  | 51,705 |
Intangible assets, net of amortization |  |  | — |  |  | — |  |  | 50,785 |  |  | — |  |  | 50,785 |
Other assets |  |  | 4,955 |  |  | 3,839 |  |  | 8,360 |  |  | — |  |  | 17,154 |
Investment in subsidiaries |  |  | 5,470,050 |  |  | 183,382 |  |  | — |  |  | (5,653,432) |  |  | — |
Total assets |  | $ | 5,641,973 |  | $ | 7,686,234 |  | $ | 851,747 |  | $ | (7,739,966) |  | $ | 6,439,988 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 82,360 |  | $ | 48,679 |  | $ | 4,589 |  | $ | — |  | $ | 135,628 |
Accrued liabilities |  |  | 26,698 |  |  | 148,491 |  |  | 33,941 |  |  | (447) |  |  | 208,683 |
Current liabilities of discontinued operations |  |  | — |  |  | — |  |  | 74 |  |  | — |  |  | 74 |
Total current liabilities |  |  | 109,058 |  |  | 197,170 |  |  | 38,604 |  |  | (447) |  |  | 344,385 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  |  | — |  |  | 492,902 |  |  | — |  |  | — |  |  | 492,902 |
Deferred income taxes |  |  | (11,201) |  |  | 1,286,381 |  |  | 57,509 |  |  | — |  |  | 1,332,689 |
Intercompany |  |  | 1,354,068 |  |  | 210,823 |  |  | 521,096 |  |  | (2,085,987) |  |  | — |
Other |  |  | 25,457 |  |  | 43,471 |  |  | 32,481 |  |  | — |  |  | 101,409 |
Noncurrent liabilities of discontinued operations |  |  | — |  |  | — |  |  | 4,012 |  |  | — |  |  | 4,012 |
Total noncurrent liabilities |  |  | 1,368,324 |  |  | 2,033,577 |  |  | 615,098 |  |  | (2,085,987) |  |  | 1,931,012 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 11,196 |  |  | 100 |  |  | — |  |  | (100) |  |  | 11,196 |
Additional paid-in capital |  |  | 487,248 |  |  | 52,437 |  |  | 1,039 |  |  | (53,476) |  |  | 487,248 |
Retained earnings |  |  | 3,855,686 |  |  | 5,396,212 |  |  | 197,006 |  |  | (5,593,218) |  |  | 3,855,686 |
Accumulated other comprehensive income |  |  | 2,300 |  |  | 6,738 |  |  | — |  |  | (6,738) |  |  | 2,300 |
Treasury stock, at cost |  |  | (191,839) |  |  | — |  |  | — |  |  | — |  |  | (191,839) |
Total shareholders’ equity |  |  | 4,164,591 |  |  | 5,455,487 |  |  | 198,045 |  |  | (5,653,532) |  |  | 4,164,591 |
Total liabilities and shareholders’ equity |  | $ | 5,641,973 |  | $ | 7,686,234 |  | $ | 851,747 |  | $ | (7,739,966) |  | $ | 6,439,988 |
CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands)
|  | September 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | (955) |  | $ | 899,028 |  | $ | 7,488 |  | $ | — |  | $ | 905,561 |
Short-term investments |  |  | — |  |  | 44,148 |  |  | — |  |  | — |  |  | 44,148 |
Accounts receivable, net of reserve |  |  | 2 |  |  | 325,325 |  |  | 51,121 |  |  | (1,279) |  |  | 375,169 |
Inventories |  |  | — |  |  | 87,946 |  |  | 36,379 |  |  | — |  |  | 124,325 |
Prepaid expenses and other |  |  | 6,928 |  |  | 20,625 |  |  | 71,753 |  |  | (21,239) |  |  | 78,067 |
Assets held for sale |  |  | — |  |  | 18,471 |  |  | 26,881 |  |  | — |  |  | 45,352 |
Current assets of discontinued operations |  |  | — |  |  | — |  |  | 64 |  |  | — |  |  | 64 |
Total current assets |  |  | 5,975 |  |  | 1,395,543 |  |  | 193,686 |  |  | (22,518) |  |  | 1,572,686 |
Investments |  |  | 13,431 |  |  | 71,524 |  |  | — |  |  | — |  |  | 84,955 |
Property, plant and equipment, net |  |  | 59,173 |  |  | 4,716,736 |  |  | 368,824 |  |  | — |  |  | 5,144,733 |
Intercompany |  |  | 16,147 |  |  | 1,399,323 |  |  | 260,939 |  |  | (1,676,409) |  |  | — |
Goodwill |  |  | — |  |  | — |  |  | 4,718 |  |  | — |  |  | 4,718 |
Intangible assets, net of amortization |  |  | — |  |  | — |  |  | 919 |  |  | — |  |  | 919 |
Other assets |  |  | 233 |  |  | 267 |  |  | 23,508 |  |  | — |  |  | 24,008 |
Investment in subsidiaries |  |  | 5,579,713 |  |  | 208,118 |  |  | — |  |  | (5,787,831) |  |  | — |
Total assets |  | $ | 5,674,672 |  | $ | 7,791,511 |  | $ | 852,594 |  | $ | (7,486,758) |  | $ | 6,832,019 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 80,000 |  | $ | 10,868 |  | $ | 5,828 |  | $ | (1,274) |  | $ | 95,422 |
Accrued liabilities |  |  | 1,822 |  |  | 176,985 |  |  | 35,598 |  |  | 20,234 |  |  | 234,639 |
Current liabilities of discontinued operations |  |  | — |  |  | — |  |  | 59 |  |  | — |  |  | 59 |
Total current liabilities |  |  | 81,822 |  |  | 187,853 |  |  | 41,485 |  |  | 18,960 |  |  | 330,120 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  |  | — |  |  | 491,847 |  |  | — |  |  | — |  |  | 491,847 |
Deferred income taxes |  |  | (5,930) |  |  | 1,303,324 |  |  | 45,062 |  |  | — |  |  | 1,342,456 |
Intercompany |  |  | 1,016,673 |  |  | 209,276 |  |  | 491,838 |  |  | (1,717,787) |  |  | — |
Other |  |  | 21,182 |  |  | 36,379 |  |  | 45,220 |  |  | — |  |  | 102,781 |
Noncurrent liabilities of discontinued operations |  |  | — |  |  | — |  |  | 3,890 |  |  | — |  |  | 3,890 |
Total noncurrent liabilities |  |  | 1,031,925 |  |  | 2,040,826 |  |  | 586,010 |  |  | (1,717,787) |  |  | 1,940,974 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 11,140 |  |  | 100 |  |  | — |  |  | (100) |  |  | 11,140 |
Additional paid-in capital |  |  | 448,452 |  |  | 47,533 |  |  | 549 |  |  | (48,082) |  |  | 448,452 |
Retained earnings |  |  | 4,289,807 |  |  | 5,510,105 |  |  | 224,550 |  |  | (5,734,655) |  |  | 4,289,807 |
Accumulated other comprehensive income (loss) |  |  | (204) |  |  | 5,094 |  |  | — |  |  | (5,094) |  |  | (204) |
Treasury stock, at cost |  |  | (188,270) |  |  | — |  |  | — |  |  | — |  |  | (188,270) |
Total shareholders’ equity |  |  | 4,560,925 |  |  | 5,562,832 |  |  | 225,099 |  |  | (5,787,931) |  |  | 4,560,925 |
Total liabilities and shareholders’ equity |  | $ | 5,674,672 |  | $ | 7,791,511 |  | $ | 852,594 |  | $ | (7,486,758) |  | $ | 6,832,019 |
Schedule of Consolidated Condensed Statements of Cash Flows | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands)
|  | September 30, 2017 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (3,828) |  | $ | 349,929 |  | $ | 11,116 |  | $ | — |  | $ | 357,217 |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | (4,264) |  |  | (387,392) |  |  | (5,911) |  |  | — |  |  | (397,567) |
Purchase of short-term investments |  |  | — |  |  | (69,866) |  |  | — |  |  | — |  |  | (69,866) |
Acquisition of business, net cash received |  |  | (70,416) |  |  | — |  |  | — |  |  | — |  |  | (70,416) |
Proceeds from sale of short-term investments |  |  | — |  |  | 69,449 |  |  | — |  |  | — |  |  | 69,449 |
Intercompany transfers |  |  | 74,680 |  |  | (74,680) |  |  | — |  |  | — |  |  | — |
Proceeds from asset sales |  |  | — |  |  | 22,724 |  |  | 688 |  |  | — |  |  | 23,412 |
Net cash used in investing activities |  |  | — |  |  | (439,765) |  |  | (5,223) |  |  | — |  |  | (444,988) |
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany transfers |  |  | 305,515 |  |  | (305,515) |  |  | — |  |  | — |  |  | — |
Dividends paid |  |  | (305,515) |  |  | — |  |  | — |  |  | — |  |  | (305,515) |
Exercise of stock options, net of tax withholding |  |  | 10,534 |  |  | — |  |  | — |  |  | — |  |  | 10,534 |
Tax withholdings related to net share settlements of restricted stock |  |  | (5,848) |  |  | — |  |  | — |  |  | — |  |  | (5,848) |
Excess tax benefit from stock-based compensation |  |  | (490) |  |  | 4,414 |  |  | 490 |  |  | — |  |  | 4,414 |
Net cash provided by (used in) financing activities |  |  | 4,196 |  |  | (301,101) |  |  | 490 |  |  | — |  |  | (296,415) |
Net increase (decrease) in cash and cash equivalents |  |  | 368 |  |  | (390,937) |  |  | 6,383 |  |  | — |  |  | (384,186) |
Cash and cash equivalents, beginning of period |  |  | (955) |  |  | 899,028 |  |  | 7,488 |  |  | — |  |  | 905,561 |
Cash and cash equivalents, end of period |  | $ | (587) |  | $ | 508,091 |  | $ | 13,871 |  | $ | — |  | $ | 521,375 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands)
|  | September 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | 3,521 |  | $ | 776,364 |  | $ | (26,288) |  | $ | — |  | $ | 753,597 |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | (16,119) |  |  | (235,078) |  |  | (5,972) |  |  | — |  |  | (257,169) |
Purchase of short-term investments |  |  | — |  |  | (57,276) |  |  | — |  |  | — |  |  | (57,276) |
Proceeds from sale of short-term investments |  |  | — |  |  | 58,381 |  |  | — |  |  | — |  |  | 58,381 |
Intercompany transfers |  |  | 16,119 |  |  | (16,119) |  |  | — |  |  | — |  |  | — |
Proceeds from asset sales |  |  | 9 |  |  | 19,237 |  |  | 2,599 |  |  | — |  |  | 21,845 |
Net cash provided by (used in) investing activities |  |  | 9 |  |  | (230,855) |  |  | (3,373) |  |  | — |  |  | (234,219) |
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments on long-term debt |  |  | — |  |  | (40,000) |  |  | — |  |  | — |  |  | (40,000) |
Debt issuance costs |  |  | — |  |  | (1,111) |  |  | — |  |  | — |  |  | (1,111) |
Intercompany transfers |  |  | 300,152 |  |  | (300,152) |  |  | — |  |  | — |  |  | — |
Dividends paid |  |  | (300,152) |  |  | — |  |  | — |  |  | — |  |  | (300,152) |
Exercise of stock options, net of tax withholding |  |  | 1,040 |  |  | — |  |  | — |  |  | — |  |  | 1,040 |
Tax withholdings related to net share settlements of restricted stock |  |  | (3,912) |  |  | — |  |  | — |  |  | — |  |  | (3,912) |
Excess tax benefit from stock-based compensation |  |  | (775) |  |  | 1,509 |  |  | 200 |  |  | — |  |  | 934 |
Net cash provided by (used in) financing activities |  |  | (3,647) |  |  | (339,754) |  |  | 200 |  |  | — |  |  | (343,201) |
Net increase (decrease) in cash and cash equivalents |  |  | (117) |  |  | 205,755 |  |  | (29,461) |  |  | — |  |  | 176,177 |
Cash and cash equivalents, beginning of period |  |  | (838) |  |  | 693,273 |  |  | 36,949 |  |  | — |  |  | 729,384 |
Cash and cash equivalents, end of period |  | $ | (955) |  | $ | 899,028 |  | $ | 7,488 |  | $ | — |  | $ | 905,561 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands)
|  | September 30, 2015 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net cash provided by operating activities |  | $ | 3,623 |  | $ | 1,379,707 |  | $ | 45,244 |  | $ | — |  | $ | 1,428,574 |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | (24,818) |  |  | (1,064,288) |  |  | (42,339) |  |  | — |  |  | (1,131,445) |
Purchase of short-term investments |  |  | — |  |  | (45,607) |  |  | — |  |  | — |  |  | (45,607) |
Intercompany transfers |  |  | 24,818 |  |  | (24,818) |  |  | — |  |  | — |  |  | — |
Proceeds from asset sales |  |  | 1 |  |  | 21,329 |  |  | 1,313 |  |  | — |  |  | 22,643 |
Net cash provided by (used in) investing activities |  |  | 1 |  |  | (1,113,384) |  |  | (41,026) |  |  | — |  |  | (1,154,409) |
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments on long-term debt |  |  | — |  |  | (40,000) |  |  | — |  |  | — |  |  | (40,000) |
Proceeds from senior notes, net of discount |  |  | — |  |  | 497,125 |  |  | — |  |  | — |  |  | 497,125 |
Debt issuance costs |  |  | — |  |  | (5,474) |  |  | — |  |  | — |  |  | (5,474) |
Proceeds on short-term debt |  |  | — |  |  | — |  |  | 1,002 |  |  | — |  |  | 1,002 |
Payments on short-term debt |  |  | — |  |  | — |  |  | (1,002) |  |  | — |  |  | (1,002) |
Repurchase of common stock |  |  | (59,654) |  |  | — |  |  | — |  |  | — |  |  | (59,654) |
Intercompany transfers |  |  | 358,021 |  |  | (358,021) |  |  | — |  |  | — |  |  | — |
Dividends paid |  |  | (298,367) |  |  | — |  |  | — |  |  | — |  |  | (298,367) |
Exercise of stock options, net of tax withholding |  |  | 2,650 |  |  | — |  |  | — |  |  | — |  |  | 2,650 |
Tax withholdings related to net share settlements of restricted stock |  |  | (5,140) |  |  | — |  |  | — |  |  | — |  |  | (5,140) |
Excess tax benefit from stock-based compensation |  |  | 78 |  |  | 3,665 |  |  | 29 |  |  | — |  |  | 3,772 |
Net cash provided by (used in) financing activities |  |  | (2,412) |  |  | 97,295 |  |  | 29 |  |  | — |  |  | 94,912 |
Net increase in cash and cash equivalents |  |  | 1,212 |  |  | 363,618 |  |  | 4,247 |  |  | — |  |  | 369,077 |
Cash and cash equivalents, beginning of period |  |  | (2,050) |  |  | 329,655 |  |  | 32,702 |  |  | — |  |  | 360,307 |
Cash and cash equivalents, end of period |  | $ | (838) |  | $ | 693,273 |  | $ | 36,949 |  | $ | — |  | $ | 729,384 |

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