XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 96,673 $ 70,250
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 129,288 181,440
Equity in earnings of unconsolidated joint ventures (28,294) (4,084)
Distribution of earnings from unconsolidated joint ventures 26,554 47,675
Non-cash stock compensation 36,213 37,037
Prepayment premium on redemption of unsecured notes 117,500  
Impairment of long-lived assets 105,194 89,288
Loss (gain) on sale of discontinued operations 56,222 (161,900)
Foreign currency translation (33,318) 40,618
Other 11,162 14,265
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable and contract assets 373,248 (315,983)
Prepaid expenses and other assets (290,039) (51,033)
Accounts payable (271,947) (385,479)
Accrued expenses and other current liabilities 58,901 (4,427)
Contract liabilities 134,815 82,212
Other long-term liabilities (135,584) 40,391
Net cash provided by (used in) operating activities 386,588 (319,730)
CASH FLOWS FROM INVESTING ACTIVITIES:    
(Payment for) proceeds from sale of discontinued operations, net of cash disposed (265,876) 2,218,866
Investment in unconsolidated joint ventures (51,852) (89,283)
Return of investment in unconsolidated joint ventures 2,868 17,042
Proceeds from sale of investments 15,507 8,277
Proceeds from disposal of property and equipment 10,284 2,510
Payments for capital expenditures (112,603) (83,266)
Net cash (used in) provided by investing activities (401,672) 2,074,146
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under credit agreements 2,848,244 4,203,556
Repayments of borrowings under credit agreements (1,929,251) (5,547,055)
Redemption of unsecured senior notes (797,252)  
Prepayment premium on redemption of unsecured senior notes (117,500)  
Cash paid for debt issuance costs (10,284) (3,179)
Proceeds from issuance of common stock 19,347 17,231
Proceeds from exercise of stock options 4,038  
Payments to repurchase common stock (749,847) (50,479)
Net distributions to noncontrolling interests (8,502) (38,519)
Other financing activities (13,882) 12,909
Net cash used in financing activities (754,889) (1,405,536)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 6,591 (4,885)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (763,382) 343,995
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,818,249 1,080,354
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,054,867 1,424,349
LESS CASH AND CASH EQUIVALENTS INCLUDED IN CURRENT ASSETS HELD FOR SALE (5,837) (93,081)
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS AT END OF PERIOD $ 1,049,030 $ 1,331,268