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Condensed Consolidated Financial Statements (Tables) | 12 Months Ended
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Sep. 30, 2014
Condensed Consolidating Financial Information |
Condensed Consolidating Balance Sheets | Condensed Consolidating Balance Sheets (in millions) September 30, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total |
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |
Total cash and cash equivalents |  | $ | 33.4 |  | $ | 85.8 |  | $ | 455.0 |  | $ | — |  | $ | 574.2 |
Accounts receivable—net |  | — |  | 907.4 |  | 1,747.6 |  | — |  | 2,655.0 |
Intercompany receivable |  | 363.8 |  | 107.8 |  | 211.1 |  | (682.7 | ) | — |
Prepaid expenses and other current assets |  | 19.7 |  | 20.5 |  | 137.3 |  | — |  | 177.5 |
Income taxes receivable |  | — |  | — |  | 1.7 |  | (0.2 | ) | 1.5 |
Deferred tax assets—net |  | 42.0 |  | — |  | 45.1 |  | (61.2 | ) | 25.9 |
TOTAL CURRENT ASSETS |  | 458.9 |  | 1,121.5 |  | 2,597.8 |  | (744.1 | ) | 3,434.1 |
PROPERTY AND EQUIPMENT—NET |  | 53.6 |  | 90.6 |  | 137.8 |  | — |  | 282.0 |
DEFERRED TAX ASSETS—NET |  | 36.1 |  | 42.3 |  | 64.1 |  | (24.5 | ) | 118.0 |
INVESTMENTS IN CONSOLIDATED SUBS |  | 3,001.3 |  | 440.8 |  | — |  | (3,442.1 | ) | — |
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES |  | — |  | 31.9 |  | 111.0 |  | — |  | 142.9 |
GOODWILL |  | — |  | 1,011.8 |  | 925.5 |  | — |  | 1,937.3 |
INTANGIBLE ASSETS—NET |  | — |  | 29.0 |  | 61.2 |  | — |  | 90.2 |
OTHER NON-CURRENT ASSETS |  | 15.6 |  | 3.0 |  | 100.3 |  | — |  | 118.9 |
TOTAL ASSETS |  | $ | 3,565.5 |  | $ | 2,770.9 |  | $ | 3,997.7 |  | $ | (4,210.7 | ) | $ | 6,123.4 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |
Short-term debt |  | $ | 9.9 |  | $ | 1.0 |  | $ | 13.0 |  | $ | — |  | $ | 23.9 |
Accounts payable |  | 26.3 |  | 405.1 |  | 615.8 |  | — |  | 1,047.2 |
Accrued expenses and other current liabilities |  | 136.2 |  | 265.8 |  | 562.8 |  | (0.2 | ) | 964.6 |
Intercompany payables and notes |  | 157.7 |  | 460.0 |  | 73.1 |  | (690.8 | ) | — |
Billings in excess of costs on uncompleted contracts |  | — |  | 87.0 |  | 292.6 |  | — |  | 379.6 |
Deferred tax liability — net |  | — |  | 61.2 |  | — |  | (61.2 | ) | — |
Current portion of long-term debt |  | 37.5 |  | — |  | 3.0 |  | — |  | 40.5 |
TOTAL CURRENT LIABILITIES |  | 367.6 |  | 1,280.1 |  | 1,560.3 |  | (752.2 | ) | 2,455.8 |
OTHER LONG-TERM LIABILITIES |  | 80.5 |  | 48.0 |  | 327.0 |  | — |  | 455.5 |
DEFERRED TAX LIABILITY — NET |  | — |  | — |  | 24.5 |  | (24.5 | ) | — |
LONG-TERM DEBT |  | 938.9 |  | — |  | 0.7 |  | — |  | 939.6 |
TOTAL LIABILITIES |  | 1,387.0 |  | 1,328.1 |  | 1,912.5 |  | (776.7 | ) | 3,850.9 |
TOTAL AECOM STOCKHOLDERS’ EQUITY |  | 2,178.5 |  | 1,442.8 |  | 1,999.2 |  | (3,434.0 | ) | 2,186.5 |
Noncontrolling interests |  | — |  | — |  | 86.0 |  | — |  | 86.0 |
TOTAL STOCKHOLDERS’ EQUITY |  | 2,178.5 |  | 1,442.8 |  | 2,085.2 |  | (3,434.0 | ) | 2,272.5 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |  | $ | 3,565.5 |  | $ | 2,770.9 |  | $ | 3,997.7 |  | $ | (4,210.7 | ) | $ | 6,123.4 |
Condensed Consolidating Balance Sheets (in millions) September 30, 2013
|  | Parent |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total |
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |
Total cash and cash equivalents |  | $ | 4.4 |  | $ | 80.2 |  | $ | 516.1 |  | $ | — |  | $ | 600.7 |
Accounts receivable—net |  | — |  | 976.6 |  | 1,365.7 |  | — |  | 2,342.3 |
Intercompany receivable |  | 321.1 |  | 142.0 |  | 258.4 |  | (721.5 | ) | — |
Prepaid expenses and other current assets |  | 7.8 |  | 18.6 |  | 142.3 |  | — |  | 168.7 |
Deferred tax assets—net |  | 51.5 |  | — |  | 34.3 |  | (65.9 | ) | 19.9 |
TOTAL CURRENT ASSETS |  | 384.8 |  | 1,217.4 |  | 2,316.8 |  | (787.4 | ) | 3,131.6 |
PROPERTY AND EQUIPMENT—NET |  | 42.3 |  | 96.4 |  | 132.0 |  | — |  | 270.7 |
DEFERRED TAX ASSETS—NET |  | 29.1 |  | 44.1 |  | 70.3 |  | — |  | 143.5 |
INVESTMENTS IN CONSOLIDATED SUBS |  | 3,136.8 |  | 521.8 |  | — |  | (3,658.6 | ) | — |
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES |  | — |  | 47.7 |  | 58.7 |  | — |  | 106.4 |
GOODWILL |  | — |  | 1,011.8 |  | 800.0 |  | — |  | 1,811.8 |
INTANGIBLE ASSETS—NET |  | — |  | 39.5 |  | 43.6 |  | — |  | 83.1 |
OTHER NON-CURRENT ASSETS |  | 9.0 |  | 4.1 |  | 105.4 |  | — |  | 118.5 |
TOTAL ASSETS |  | $ | 3,602.0 |  | $ | 2,982.8 |  | $ | 3,526.8 |  | $ | (4,446.0 | ) | $ | 5,665.6 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |
Short-term debt |  | $ | 29.4 |  | $ | 0.2 |  | $ | — |  | $ | — |  | $ | 29.6 |
Accounts payable |  | 11.3 |  | 394.5 |  | 319.6 |  | — |  | 725.4 |
Accrued expenses and other current liabilities |  | 173.0 |  | 250.3 |  | 498.0 |  | — |  | 921.3 |
Intercompany payables and notes |  | 192.6 |  | 400.9 |  | 140.0 |  | (733.5 | ) | — |
Billings in excess of costs on uncompleted contracts |  | — |  | 89.3 |  | 233.2 |  | — |  | 322.5 |
Deferred tax liability - net |  | — |  | 65.9 |  | — |  | (65.9 | ) | — |
Current portion of long-term debt |  | 37.5 |  | 15.8 |  | 1.4 |  | — |  | 54.7 |
TOTAL CURRENT LIABILITIES |  | 443.8 |  | 1,216.9 |  | 1,192.2 |  | (799.4 | ) | 2,053.5 |
OTHER LONG-TERM LIABILITIES |  | 61.4 |  | 52.8 |  | 334.7 |  | — |  | 448.9 |
LONG-TERM DEBT |  | 1,087.4 |  | — |  | 1.7 |  | — |  | 1,089.1 |
TOTAL LIABILITIES |  | 1,592.6 |  | 1,269.7 |  | 1,528.6 |  | (799.4 | ) | 3,591.5 |
TOTAL AECOM STOCKHOLDERS’ EQUITY |  | 2,009.4 |  | 1,713.1 |  | 1,945.5 |  | (3,646.6 | ) | 2,021.4 |
Noncontrolling interests |  | — |  | — |  | 52.7 |  | — |  | 52.7 |
TOTAL STOCKHOLDERS’ EQUITY |  | 2,009.4 |  | 1,713.1 |  | 1,998.2 |  | (3,646.6 | ) | 2,074.1 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |  | $ | 3,602.0 |  | $ | 2,982.8 |  | $ | 3,526.8 |  | $ | (4,446.0 | ) | $ | 5,665.6 |
Condensed Consolidating Statements of Income | Condensed Consolidating Statements of Income (in millions)
|  | For the Fiscal Year Ended September 30, 2014 |
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total |
Revenue |  | $ | — |  | $ | 3,609.4 |  | $ | 4,781.9 |  | $ | (34.5 | ) | $ | 8,356.8 |
Cost of revenue |  | — |  | 3,451.6 |  | 4,536.5 |  | (34.5 | ) | 7,953.6 |
Gross profit |  | — |  | 157.8 |  | 245.4 |  | — |  | 403.2 |
Equity in earnings from subsidiaries |  | 346.7 |  | 40.9 |  | — |  | (387.6 | ) | — |
Equity in earnings of joint ventures |  | — |  | 15.0 |  | 42.9 |  | — |  | 57.9 |
General and administrative expenses |  | (80.9 | ) | — |  | — |  | — |  | (80.9 | )
Acquisition and integration expenses |  | (27.3 | ) | — |  | — |  | — |  | (27.3 | )
Income from operations |  | 238.5 |  | 213.7 |  | 288.3 |  | (387.6 | ) | 352.9 |
Other income |  | 0.5 |  | 0.9 |  | 2.0 |  | (0.7 | ) | 2.7 |
Interest expense |  | (37.7 | ) | (0.7 | ) | (3.1 | ) | 0.7 |  | (40.8 | )
Income before income tax expense |  | 201.3 |  | 213.9 |  | 287.2 |  | (387.6 | ) | 314.8 |
Income tax (benefit) expense |  | (28.6 | ) | 34.3 |  | 69.5 |  | 6.8 |  | 82.0 |
Net income |  | 229.9 |  | 179.6 |  | 217.7 |  | (394.4 | ) | 232.8 |
Noncontrolling interests in income of consolidated subsidiaries, net of tax |  | — |  | — |  | (2.9 | ) | — |  | (2.9 | )
Net income attributable to AECOM |  | $ | 229.9 |  | $ | 179.6 |  | $ | 214.8 |  | $ | (394.4 | ) | $ | 229.9 |
|  | For the Fiscal Year Ended September 30, 2013 |
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total |
Revenue |  | $ | — |  | $ | 3,784.1 |  | $ | 4,410.5 |  | $ | (41.1 | ) | $ | 8,153.5 |
Cost of revenue |  | — |  | 3,617.5 |  | 4,127.1 |  | (41.1 | ) | 7,703.5 |
Gross profit |  | — |  | 166.6 |  | 283.4 |  | — |  | 450.0 |
Equity in earnings from subsidiaries |  | 334.3 |  | 51.1 |  | — |  | (385.4 | ) | — |
Equity in earnings of joint ventures |  | — |  | 12.7 |  | 11.6 |  | — |  | 24.3 |
General and administrative expenses |  | (97.3 | ) | — |  | — |  | — |  | (97.3 | )
Income from operations |  | 237.0 |  | 230.4 |  | 295.0 |  | (385.4 | ) | 377.0 |
Other income |  | 1.4 |  | — |  | 2.4 |  | (0.3 | ) | 3.5 |
Interest expense |  | (43.2 | ) | (0.1 | ) | (1.7 | ) | 0.3 |  | (44.7 | )
Income before income tax expense |  | 195.2 |  | 230.3 |  | 295.7 |  | (385.4 | ) | 335.8 |
Income tax (benefit) expense |  | (44.1 | ) | 51.5 |  | 78.4 |  | 6.8 |  | 92.6 |
Net income |  | 239.3 |  | 178.8 |  | 217.3 |  | (392.2 | ) | 243.2 |
Noncontrolling interests in income of consolidated subsidiaries, net of tax |  | — |  | — |  | (4.0 | ) | — |  | (4.0 | )
Net income attributable to AECOM |  | $ | 239.3 |  | $ | 178.8 |  | $ | 213.3 |  | $ | (392.2 | ) | $ | 239.2 |
Condensed Consolidating Statements of Income (in millions)
|  | For the Fiscal Year Ended September 30, 2012 |
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total |
Revenue |  | $ | — |  | $ | 3,959.4 |  | $ | 4,310.0 |  | $ | (51.2 | ) | $ | 8,218.2 |
Cost of revenue |  | — |  | 3,850.8 |  | 3,996.7 |  | (51.2 | ) | 7,796.3 |
Gross profit |  | — |  | 108.6 |  | 313.3 |  | — |  | 421.9 |
Equity in earnings from subsidiaries |  | 42.4 |  | 57.6 |  | — |  | (100.0 | ) | — |
Equity in earnings of joint ventures |  | — |  | 32.5 |  | 16.1 |  | — |  | 48.6 |
General and administrative expenses |  | (80.9 | ) | — |  | — |  | — |  | (80.9 | )
Goodwill impairment |  | — |  | (181.0 | ) | (155.0 | ) | — |  | (336.0 | )
(Loss) income from operations |  | (38.5 | ) | 17.7 |  | 174.4 |  | (100.0 | ) | 53.6 |
Other income |  | 2.0 |  | 0.8 |  | 9.7 |  | (1.9 | ) | 10.6 |
Interest expense |  | (44.4 | ) | (0.4 | ) | (3.8 | ) | 1.9 |  | (46.7 | )
(Loss) income before income tax expense |  | (80.9 | ) | 18.1 |  | 180.3 |  | (100.0 | ) | 17.5 |
Income tax (benefit) expense |  | (22.4 | ) | 4.9 |  | 82.2 |  | 9.7 |  | 74.4 |
Net (loss) income |  | (58.5 | ) | 13.2 |  | 98.1 |  | (109.7 | ) | (56.9 | )
Noncontrolling interests in income of consolidated subsidiaries, net of tax |  | — |  | — |  | (1.7 | ) | — |  | (1.7 | )
Net (loss) income attributable to AECOM |  | $ | (58.5 | ) | $ | 13.2 |  | $ | 96.4 |  | $ | (109.7 | ) | $ | (58.6 | )
Consolidating Statements of Comprehensive Income (Loss) | Consolidating Statements of Comprehensive Income (Loss) (in millions)
|  | For the Fiscal Year Ended September 30, 2014 |
|  | Parent |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total |
Net income |  | $ | 229.9 |  | $ | 179.6 |  | $ | 217.7 |  | $ | (394.4 | ) | $ | 232.8 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |
Net unrealized gain on derivatives, net of tax |  | 0.3 |  | — |  | — |  | — |  | 0.3 |
Foreign currency translation adjustments |  | — |  | — |  | (72.7 | ) | — |  | (72.7 | )
Pension adjustments, net of tax |  | (9.9 | ) | — |  | (14.3 | ) | — |  | (24.2 | )
Other comprehensive loss, net of tax |  | (9.6 | ) | — |  | (87.0 | ) | — |  | (96.6 | )
Comprehensive income, net of tax |  | 220.3 |  | 179.6 |  | 130.7 |  | (394.4 | ) | 136.2 |
Noncontrolling interests in comprehensive income of consolidated subsidiaries, net of tax |  | — |  | — |  | (1.6 | ) | — |  | (1.6 | )
Comprehensive income attributable to AECOM, net of tax |  | $ | 220.3 |  | $ | 179.6 |  | $ | 129.1 |  | $ | (394.4 | ) | $ | 134.6 |
|  | For the Fiscal Year Ended September 30, 2013 |
|  | Parent |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total |
Net income |  | $ | 239.3 |  | $ | 178.8 |  | $ | 217.3 |  | $ | (392.2 | ) | $ | 243.2 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |
Net unrealized gain on derivatives, net of tax |  | 1.6 |  | — |  | — |  | — |  | 1.6 |
Foreign currency translation adjustments |  | — |  | — |  | (70.5 | ) | — |  | (70.5 | )
Pension adjustments, net of tax |  | 19.1 |  | — |  | (33.7 | ) | — |  | (14.6 | )
Other comprehensive income (loss), net of tax |  | 20.7 |  | — |  | (104.2 | ) | — |  | (83.5 | )
Comprehensive income, net of tax |  | 260.0 |  | 178.8 |  | 113.1 |  | (392.2 | ) | 159.7 |
Noncontrolling interests in comprehensive income of consolidated subsidiaries, net of tax |  | — |  | — |  | (2.6 | ) | — |  | (2.6 | )
Comprehensive income attributable to AECOM, net of tax |  | $ | 260.0 |  | $ | 178.8 |  | $ | 110.5 |  | $ | (392.2 | ) | $ | 157.1 |
Consolidating Statements of Comprehensive Income (Loss) (in millions)
|  | For the Fiscal Year Ended September 30, 2012 |
|  | Parent |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total |
Net income (loss) |  | $ | (58.5 | ) | $ | 13.2 |  | $ | 98.1 |  | $ | (109.7 | ) | $ | (56.9 | )
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |
Net unrealized loss on derivatives, net of tax |  | (3.7 | ) | — |  | — |  | — |  | (3.7 | )
Foreign currency translation adjustments |  | — |  | — |  | 53.9 |  | — |  | 53.9 |
Pension adjustments, net of tax |  | (9.8 | ) | — |  | (32.0 | ) | — |  | (41.8 | )
Other comprehensive income (loss), net of tax |  | (13.5 | ) | — |  | 21.9 |  | — |  | 8.4 |
Comprehensive income (loss), net of tax |  | (72.0 | ) | 13.2 |  | 120.0 |  | (109.7 | ) | (48.5 | )
Noncontrolling interests in comprehensive income of consolidated subsidiaries, net of tax |  | — |  | — |  | (1.7 | ) | — |  | (1.7 | )
Comprehensive income (loss) attributable to AECOM, net of tax |  | $ | (72.0 | ) | $ | 13.2 |  | $ | 118.3 |  | $ | (109.7 | ) | $ | (50.2 | )
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows (in millions)
|  | For the Fiscal Year Ended September 30, 2014 |
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total |
CASH FLOWS FROM OPERATING ACTIVITIES |  | $ | (33.3 | ) | $ | 206.5 |  | $ | 187.4 |  | $ | — |  | $ | 360.6 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Payments for business acquisitions, net of cash acquired |  | — |  | (55.0 | ) | 1.9 |  | — |  | (53.1 | )
Cash acquired from consolidation of joint venture |  | — |  | — |  | 19.0 |  | — |  | 19.0 |
Proceeds from disposal of businesses and property |  | — |  | — |  | 3.6 |  | — |  | 3.6 |
Net investment in unconsolidated joint ventures |  | — |  | 9.4 |  | (61.6 | ) | — |  | (52.2 | )
Sales (purchases) of investments |  | — |  | — |  | 2.7 |  | — |  | 2.7 |
Payments for capital expenditures |  | (14.3 | ) | (17.8 | ) | (30.7 | ) | — |  | (62.8 | )
Receipts from intercompany notes receivable |  | 146.7 |  | — |  | — |  | (146.7 | ) | — |
Other intercompany investing activities |  | 116.7 |  | 55.7 |  | — |  | (172.4 | ) | — |
Net cash provided by (used in) investing activities |  | 249.1 |  | (7.7 | ) | (65.1 | ) | (319.1 | ) | (142.8 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under credit agreements |  | 1,769.3 |  | — |  | 39.9 |  | — |  | 1,809.2 |
Repayments of borrowings under credit agreements |  | (1,918.6 | ) | (15.8 | ) | (42.0 | ) | — |  | (1,976.4 | )
Cash paid for debt and equity issuance costs |  | (8.1 | ) | — |  | — |  | — |  | (8.1 | )
Net change in overdrafts |  | (22.5 | ) | 0.8 |  | 0.3 |  | — |  | (21.4 | )
Proceeds from issuance of common stock |  | 13.9 |  | — |  | — |  | — |  | 13.9 |
Proceeds from exercise of stock options |  | 13.4 |  | — |  | — |  | — |  | 13.4 |
Payments to repurchase common stock |  | (34.9 | ) | — |  | — |  | — |  | (34.9 | )
Excess tax benefit from share-based payment |  | 0.7 |  | — |  | — |  | — |  | 0.7 |
Net distributions to noncontrolling interests |  | — |  | — |  | (30.2 | ) | — |  | (30.2 | )
Intercompany notes repayments |  | — |  | — |  | (146.7 | ) | 146.7 |  | — |
Other intercompany financing activities |  | — |  | (178.2 | ) | 5.8 |  | 172.4 |  | — |
Net cash used in financing activities |  | (186.8 | ) | (193.2 | ) | (172.9 | ) | 319.1 |  | (233.8 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH |  | — |  | — |  | (10.5 | ) | — |  | (10.5 | )
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |  | 29.0 |  | 5.6 |  | (61.1 | ) | — |  | (26.5 | )
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |  | 4.4 |  | 80.2 |  | 516.1 |  | — |  | 600.7 |
CASH AND CASH EQUIVALENTS AT END OF YEAR |  | $ | 33.4 |  | $ | 85.8 |  | $ | 455.0 |  | $ | — |  | $ | 574.2 |
Condensed Consolidating Statements of Cash Flows (in millions)
|  | For the Fiscal Year Ended September 30, 2013 |
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total |
CASH FLOWS FROM OPERATING ACTIVITIES |  | $ | (25.8 | ) | $ | 134.0 |  | $ | 300.4 |  | $ | — |  | $ | 408.6 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Payments for business acquisitions, net of cash acquired |  | — |  | — |  | (42.0 | ) | — |  | (42.0 | )
Cash acquired from consolidation of joint venture |  | — |  | — |  | — |  | — |  | — |
Proceeds from disposal of businesses and property |  | — |  | — |  | 2.7 |  | — |  | 2.7 |
Net investment in unconsolidated joint ventures |  | — |  | 2.6 |  | (26.4 | ) | — |  | (23.8 | )
Sales (purchases) of investments |  | — |  | — |  | (24.3 | ) | — |  | (24.3 | )
Payments for capital expenditures |  | (9.8 | ) | (17.5 | ) | (24.8 | ) | — |  | (52.1 | )
Receipts from intercompany notes receivable |  | 116.2 |  | — |  | — |  | (116.2 | ) | — |
Other intercompany investing activities |  | 120.9 |  | 48.7 |  | — |  | (169.6 | ) | — |
Net cash provided by (used in) investing activities |  | 227.3 |  | 33.8 |  | (114.8 | ) | (285.8 | ) | (139.5 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under credit agreements |  | 2,234.5 |  | 15.8 |  | 0.4 |  | — |  | 2,250.7 |
Repayments of borrowings under credit agreements |  | (2,145.7 | ) | (2.5 | ) | (7.1 | ) | — |  | (2,155.3 | )
Cash paid for debt and equity issuance costs |  | (1.6 | ) | — |  | — |  | — |  | (1.6 | )
Net change in overdrafts |  | 29.4 |  | (0.5 | ) | (0.6 | ) | — |  | 28.3 |
Proceeds from issuance of common stock |  | 14.0 |  | — |  | — |  | — |  | 14.0 |
Proceeds from exercise of stock options |  | 14.4 |  | — |  | — |  | — |  | 14.4 |
Payments to repurchase common stock |  | (388.1 | ) | — |  | — |  | — |  | (388.1 | )
Excess tax benefit from share-based payment |  | 1.7 |  | — |  | — |  | — |  | 1.7 |
Net distributions to noncontrolling interests |  | — |  | — |  | (18.5 | ) | — |  | (18.5 | )
Intercompany notes repayments |  | — |  | — |  | (116.2 | ) | 116.2 |  | — |
Other intercompany financing activities |  | — |  | (147.8 | ) | (21.8 | ) | 169.6 |  | — |
Net cash used in financing activities |  | (241.4 | ) | (135.0 | ) | (163.8 | ) | 285.8 |  | (254.4 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH |  | — |  | — |  | (7.8 | ) | — |  | (7.8 | )
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |  | (39.9 | ) | 32.8 |  | 14.0 |  | — |  | 6.9 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |  | 44.3 |  | 47.4 |  | 502.1 |  | — |  | 593.8 |
CASH AND CASH EQUIVALENTS AT END OF YEAR |  | $ | 4.4 |  | $ | 80.2 |  | $ | 516.1 |  | $ | — |  | $ | 600.7 |
|  | For the Fiscal Year Ended September 30, 2012 |
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total |
CASH FLOWS FROM OPERATING ACTIVITIES |  | $ | (82.3 | ) | $ | 246.3 |  | $ | 269.4 |  | $ | — |  | $ | 433.4 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Payments for business acquisitions, net of cash acquired |  | — |  | — |  | (12.6 | ) | — |  | (12.6 | )
Cash acquired from consolidation of joint venture |  | — |  | — |  | — |  | — |  | — |
Proceeds from disposal of businesses and property |  | — |  | 2.6 |  | — |  | — |  | 2.6 |
Net investment in unconsolidated joint ventures |  | — |  | (0.7 | ) | (2.1 | ) | — |  | (2.8 | )
Sales (purchases) of investments |  | 2.0 |  |  |  | (0.1 | ) | — |  | 1.9 |
Payments for capital expenditures |  | (11.7 | ) | (20.3 | ) | (30.9 | ) | — |  | (62.9 | )
Receipts from intercompany notes receivable |  | 137.2 |  | — |  | — |  | (137.2 | ) | — |
Other intercompany investing activities |  | 210.3 |  | (5.7 | ) | — |  | (204.6 | ) | — |
Net cash provided by (used in) investing activities |  | 337.8 |  | (24.1 | ) | (45.7 | ) | (341.8 | ) | (73.8 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under credit agreements |  | 1,435.2 |  | 2.5 |  | 8.7 |  | — |  | 1,446.4 |
Repayments of borrowings under credit agreements |  | (1,513.6 | ) | (11.7 | ) | (12.0 | ) | — |  | (1,537.3 | )
Cash paid for debt and equity issuance costs |  | — |  | — |  | — |  | — |  | — |
Net change in overdrafts |  | (5.2 | ) | (0.2 | ) | 0.2 |  | — |  | (5.2 | )
Proceeds from issuance of common stock |  | 13.8 |  | — |  | — |  | — |  | 13.8 |
Proceeds from exercise of stock options |  | 4.5 |  | — |  | — |  | — |  | 4.5 |
Payments to repurchase common stock |  | (159.8 | ) | — |  | — |  | — |  | (159.8 | )
Excess tax benefit from share-based payment |  | 1.3 |  | — |  | — |  | — |  | 1.3 |
Net distributions to noncontrolling interests |  | — |  | — |  | (1.3 | ) | — |  | (1.3 | )
Intercompany notes repayments |  | — |  | — |  | (137.2 | ) | 137.2 |  | — |
Other intercompany financing activities |  | — |  | (210.3 | ) | 5.7 |  | 204.6 |  | — |
Net cash used in financing activities |  | (223.8 | ) | (219.7 | ) | (135.9 | ) | 341.8 |  | (237.6 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH |  | — |  | — |  | 14.9 |  | — |  | 14.9 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |  | 31.7 |  | 2.5 |  | 102.7 |  | — |  | 136.9 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |  | 12.6 |  | 44.9 |  | 399.4 |  | — |  | 456.9 |
CASH AND CASH EQUIVALENTS AT END OF YEAR |  | $ | 44.3 |  | $ | 47.4 |  | $ | 502.1 |  | $ | — |  | $ | 593.8 |

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