XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 59,947 $ 221,699
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 131,047 126,605
Equity in losses (earnings) of unconsolidated joint ventures 287,958 (21,921)
Distribution of earnings from unconsolidated joint ventures 31,878 18,807
Non-cash stock compensation 40,880 27,411
Loss on sale of discontinued operations 40,160 50,940
Foreign currency translation 7,188 (30,208)
Other 4,644 10,921
Changes in operating assets and liabilities:    
Accounts receivable and contract assets (452,702) 72,140
Prepaid expenses and other assets (4,127) 132,695
Accounts payable 96,033 (181,718)
Accrued expenses and other current liabilities 32,109 123,336
Contract liabilities 171,892 (7,375)
Other long-term liabilities (36,111) (145,264)
Net cash provided by operating activities 410,796 398,068
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for sale of discontinued operations, including cash disposed   (42,261)
Investment in unconsolidated joint ventures (44,844) (20,205)
Return of investment in unconsolidated joint ventures 15,419 1,731
Proceeds from sale of investments 5,977 9,032
Proceeds from disposal of property and equipment 288 637
Payments for capital expenditures (83,293) (70,494)
Net cash used in investing activities (106,453) (121,560)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under credit agreements 2,500,070 2,628,971
Repayments of borrowings under credit agreements (2,534,373) (2,662,513)
Cash paid for debt issuance costs   (155)
Dividends paid (71,248) (42,353)
Proceeds from issuance of common stock 21,975 20,589
Proceeds from exercise of stock options 4,112  
Payments to repurchase common stock (145,209) (417,898)
Net contributions (distributions) to noncontrolling interests 8,652 (6,415)
Other financing activities 12,048 (16,081)
Net cash used in financing activities (203,973) (495,855)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 3,001 (3,535)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 103,371 (222,882)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,176,772 1,234,792
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,280,143 1,011,910
LESS CASH AND CASH EQUIVALENTS INCLUDED IN CURRENT ASSETS HELD FOR SALE (22,412) (1,188)
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS AT END OF PERIOD $ 1,257,731 $ 1,010,722