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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities      
Net income $ 1,801.9 $ 72.7 $ 189.6
Income from discontinued operations, net of tax 2,035.6 149.7 174.3
Net (loss) income from continuing operations (233.7) (77.0) 15.3
Adjustments to reconcile net (loss) income to net cash from operating activities:      
Depreciation 48.9 49.0 51.9
Amortization 42.3 50.3 65.1
Share based compensation 17.2 10.2 28.9
Impairment of goodwill 111.1 0.0 0.0
Impairment of intangible assets 120.7 0.0 0.0
Impairment of property plant and equipment and operating leases 10.8 0.0 0.0
Gain on sale of property plant and equipment (2.7) 0.0 0.0
Gain on debt repurchase (7.9) 0.0 0.0
Amortization of debt issuance costs and debt discount 6.9 7.1 5.6
Write-off of unamortized discount and debt issuance costs 10.9 0.0 7.9
Non-cash interest on short term investment (11.3) 0.0 0.0
Gain from remeasurement of contingent consideration liability (1.5) (28.5) 0.0
Non-cash purchase accounting adjustments 1.9 8.3 7.3
Gain on Energizer investment 0.0 0.0 (6.9)
Deferred tax benefit (182.8) (44.6) (64.4)
Net changes in operating assets and liabilities      
Receivables (224.2) (12.2) 65.9
Inventories 328.3 (153.7) (219.6)
Prepaid expenses and other current assets 26.1 (34.8) (9.7)
Accounts payable and accrued liabilities (154.5) (15.0) 116.0
Income tax and other 101.5 9.4 25.9
Net cash provided (used) by operating activities from continuing operations 8.0 (231.5) 89.2
Net cash (used) provided by operating activities from discontinued operations (417.7) 177.7 199.2
Net cash (used) provided by operating activities (409.7) (53.8) 288.4
Cash flows from investing activities      
Purchases of property, plant and equipment (59.0) (64.0) (43.6)
Proceeds from disposal of property, plant and equipment 8.4 0.2 0.1
Proceeds from sale of discontinued operations, net of cash 4,334.7 0.0 0.0
Business acquisitions, net of cash acquired 0.0 (272.1) (429.9)
Purchase of short term investments (1,092.0) 0.0 0.0
Proceeds from sale of equity investment 0.0 0.0 73.1
Other investing activity (0.2) 0.0 (0.4)
Net cash provided (used) by investing activities from continuing operations 3,191.9 (335.9) (400.7)
Net cash used by investing activities from discontinued operations (11.8) (23.9) (22.8)
Net cash provided (used) by investing activities 3,180.1 (359.8) (423.5)
Cash flows from financing activities      
Payment of debt, including premium on extinguishment (1,646.8) (12.7) (891.2)
Proceeds from issuance of debt 0.0 740.0 899.0
Payment of debt issuance costs (2.3) (7.6) (12.6)
Treasury stock purchases (34.7) (134.0) (125.8)
Accelerated share repurchase (500.0) 0.0 0.0
Dividends paid to shareholders (66.5) (68.6) (71.5)
Share based award tax withholding payments, net of proceeds upon vesting (13.0) (24.5) (8.3)
Payment of contingent consideration 0.0 (1.9) 0.0
Other financing activities, net 0.0 0.0 3.5
Net cash (used) provided by financing activities from continuing operations (2,263.3) 490.7 (206.9)
Net cash used by financing activities from discontinued operations (0.8) (3.1) (3.0)
Net cash (used) provided by financing activities (2,264.1) 487.6 (209.9)
Effect of exchange rate changes on cash and cash equivalents 3.7 (20.1) 1.3
Net change in cash, cash equivalents and restricted cash 510.0 53.9 (343.7)
Cash, cash equivalents, and restricted cash, beginning of period 243.9 190.0 533.7
Cash, cash equivalents, and restricted cash, end of period 753.9 243.9 190.0
Non cash investing activities      
Acquisition of property, plant and equipment through capital leases 3.2 1.4 9.4
Non cash financing activities      
Issuance of shares through stock compensation plan 32.6 33.4 17.9
Continuing Operations      
Supplemental disclosure of cash flow information      
Cash paid for interest 123.1 92.1 86.4
Cash paid for taxes 25.5 32.6 23.5
Discontinued Operations      
Supplemental disclosure of cash flow information      
Cash paid for interest 45.3 53.6 50.0
Cash paid for taxes $ 449.2 $ 12.9 $ 11.5