| Sep'19 | Sep'18 | Sep'17 | Sep'16 | |||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income (loss) | ||||||
-8,471 | 7,884 | 6,410 | 13,031 | |||
Reconciliation of net income (loss) to cash flows provided by operating activities: | ||||||
Depreciation and amortization | ||||||
98,236 | 85,860 | 77,886 | 69,289 | |||
Amortization of debt related costs (includes $1,795 and $0 write off of deferred financing fees) | ||||||
2,612 | 8,073 | 8,511 | 4,121 | |||
Deferred income taxes | ||||||
1,948 | -6,232 | 1,273 | -21,215 | |||
Share-based compensation | ||||||
19,903 | 15,742 | 2,251 | 1,999 | |||
Loss (gain) on sale of property, plant and equipment | ||||||
932 | 6,750 | -1,230 | 11,120 | |||
Foreign currency exchange losses on intercompany loans and other non-cash items | ||||||
-10,713 | -5,766 | 5,625 | -51 | |||
Changes in assets and liabilities | ||||||
Accounts receivable | ||||||
13,235 | 3,139 | 44,047 | 3,973 | |||
Inventories | ||||||
1,469 | 12,051 | 5,948 | -2,484 | |||
Contract assets | ||||||
23,827 | 3,544 | 17,296 | 15,258 | |||
Prepaids and other current assets | ||||||
-9,447 | 3,773 | 2,971 | -1,326 | |||
Accounts payable | ||||||
9,408 | 24,945 | 4,707 | 15,682 | |||
Accrued expenses and other liabilities | ||||||
-9,159 | -22,851 | -2,243 | -31,446 | |||
Contract liabilities | ||||||
21,311 | -9,254 | 1,301 | -13,389 | |||
Income taxes | ||||||
-3,651 | 2,777 | 6,656 | 4,329 | |||
Other non‑current assets and liabilities | ||||||
-12,362 | 2,436 | 3,593 | -16,008 | |||
Net cash provided by operating activities | ||||||
125,196 | 81,017 | 28,502 | 31,919 | |||
Investing activities | ||||||
Payments to Acquire Property, Plant, and Equipment | ||||||
88,869 | 80,713 | 57,775 | 47,728 | |||
Purchase of intangibles | ||||||
6,426 | 1,950 | 4,914 | 248 | |||
Proceeds from sale of property, plant and equipment | ||||||
3,636 | 21,641 | 5,422 | 5,191 | |||
Proceeds from sale of business | ||||||
0 | 430 | 0 | 4,547 | |||
Acquisitions, net of $0 cash received | ||||||
2,873 | 146,443 | 77,628 | 306,372 | |||
Net cash provided by (used in) investing activities | ||||||
-94,532 | -207,035 | -134,895 | -344,610 | |||
Financing activities | ||||||
Issuance of debt, net of deferred issuance costs | ||||||
38,381 | 155,270 | 415,602 | 178,704 | |||
Borrowings under credit facility | ||||||
292,825 | 129,000 | 131,000 | 81,000 | |||
Repayment of debt | ||||||
307,809 | 242,470 | 423,418 | 74,461 | |||
Repayment of capital lease obligation | ||||||
12,900 | 10,474 | 7,962 | 7,683 | |||
Payment of earn-out related to previous acquisitions | ||||||
461 | 5,528 | 0 | 0 | |||
Proceeds from capital contribution | ||||||
- | - | - | 6,895 | |||
Proceeds from issuance of common stock | ||||||
363 | 137,605 | 5,521 | 10,282 | |||
Taxes paid related to net share settlements of share-based compensation awards | ||||||
1,270 | 8,807 | 0 | 0 | |||
Stock repurchases | ||||||
0 | 230 | 1,474 | 723 | |||
Cash paid for interest rate cap | ||||||
2,235 | 0 | 0 | - | |||
Distribution to non‑controlling interest | ||||||
1,150 | 3,725 | 4,750 | 2,625 | |||
Net cash used in financing activities | ||||||
5,744 | 150,641 | 114,519 | 191,389 | |||
Effect of exchange rate changes on cash | ||||||
-1,601 | -1,512 | 766 | 2,637 | |||
Cash and cash equivalents classified as held for sale | ||||||
-7,291 | 0 | 0 | - | |||
Change in cash and cash equivalents | ||||||
27,516 | 23,111 | 8,892 | -118,665 | |||
Supplemental disclosure of cash flow information | ||||||
Cash paid for taxes | ||||||
10,340 | 4,450 | 3,017 | 3,964 | |||
Cash paid for interest | ||||||
52,786 | 43,596 | 43,426 | 36,750 | |||
Non‑cash investing and financing activities | ||||||
Accrued earn-out related to acquisitions | ||||||
0 | 1,570 | 7,479 | 650 | |||
Finance lease transactions | ||||||
18,640 | 10,595 | 15,513 | 8,378 | |||
Landlord incentives | ||||||
1,000 | 0 | 1,700 | 0 | |||
Cloud computing related intangible transaction | ||||||
0 | 0 | 5,544 | 0 | |||