XML 31 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net earnings $ 105,866 $ 138,279
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 72,137 59,587
Loss (gain) due to settlements or curtailments of postretirement plan (330) 0
Net (gain) loss on sales of assets (404) (3,598)
Stock-based compensation 16,292 15,580
Deferred income taxes (25,521) (1,585)
(Gain) loss on derivatives reclassified from accumulated comprehensive earnings into earnings 4,919 (54)
Changes in operating assets and liabilities:    
Accounts receivable 42,322 26,052
Inventories (46,002) (48,075)
Accounts payable and accrued liabilities (29,587) 2,345
Income taxes 39,966 8,066
Retirement benefit obligations (3,883) (2,321)
Other (13,692) (10,478)
Net cash provided by operating activities 162,083 183,798
Cash flows from investing activities:    
Payments for purchase of property, plant and equipment (89,597) (65,075)
Proceeds from sale of assets 1,213 3,697
Proceeds from sales of short-term investments 8,970 5,002
Payments for purchases of short-term investments (824) (7,344)
Business acquisitions, net of cash acquired (771,069)  
Net cash used in investing activities (851,307) (63,720)
Cash flows from financing activities:    
Cash dividends paid (25,206) (22,076)
Proceeds from sales of treasury stock 7,102 12,554
Payments for repurchases of common stock 0 (61,782)
Borrowings on revolving lines of credit and short-term borrowings 1,769,105 1,106,000
Payments on revolving lines of credit and short-term borrowings (1,422,624) (1,145,800)
Proceeds from issuance of long-term debt 400,000  
Payments of long-term debt and capital lease obligations (315) (307)
Payments of debt financing costs (1,325)  
Payment for forward option derivative instrument (5,543)  
Net cash used in financing activities 721,194 (111,411)
Effect of exchange rate changes on cash and cash equivalents (5,123) (755)
Net change in cash and cash equivalents 26,847 7,912
Cash and cash equivalents, including restricted cash at beginning of year 87,552 81,090
Cash and cash equivalents, including restricted cash at end of period $ 114,399 $ 89,002