XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 96,763 $ 61,277
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 43,597 41,373
Equity in earnings of unconsolidated joint ventures (8,089) (4,600)
Distribution of earnings from unconsolidated joint ventures 20,711 10,287
Non-cash stock compensation 11,893 9,814
Loss on sale of discontinued operations   42,095
Foreign currency translation 10,588 280
Other 1,237 2,254
Changes in operating assets and liabilities:    
Accounts receivable and contract assets (215,776) 88,131
Prepaid expenses and other assets (21,956) 30,377
Accounts payable (52,192) (54,711)
Accrued expenses and other current liabilities 34,092 89,260
Contract liabilities 171,100 (46,832)
Other long-term liabilities 28,046 (74,150)
Net cash provided by operating activities 120,014 194,855
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for sale of discontinued operations, including cash disposed   (18,149)
Investment in unconsolidated joint ventures (12,198) (6,027)
Return of investment in unconsolidated joint ventures 718 1,602
Proceeds from sale of investments 2,526 6,122
Proceeds from disposal of property and equipment 85 546
Payments for capital expenditures (36,369) (32,665)
Net cash used in investing activities (45,238) (48,571)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under credit agreements 735,301 441,013
Repayments of borrowings under credit agreements (746,428) (459,675)
Dividends paid (20,796)  
Proceeds from issuance of common stock 8,620 8,366
Payments to repurchase common stock (70,010) (262,308)
Net distributions to noncontrolling interests (430) (996)
Other financing activities 2,363 (15,303)
Net cash used in financing activities (91,380) (288,903)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 2,513 (790)
NET DECREASE IN CASH AND CASH EQUIVALENTS (14,091) (143,409)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,176,772 1,234,792
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,162,681 1,091,383
LESS CASH AND CASH EQUIVALENTS INCLUDED IN CURRENT ASSETS HELD FOR SALE (2,331) (8,990)
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS AT END OF PERIOD $ 1,160,350 $ 1,082,393