| Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 | Sep'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||||
Net income | |||||||||||
1,032,000 | 705,000 | 728,000 | 686,000 | 604,000 | 632,000 | 609,000 | 634,000 | 561,000 | 594,000 | 678,000 | 585,000 |
Income from discontinued operations, net of taxes | |||||||||||
0 | 0 | 1,000 | -8,000 | -14,000 | 2,000 | 20,000 | - | - | - | - | - |
Income from continuing operations | |||||||||||
1,032,000 | 705,000 | 727,000 | 694,000 | 618,000 | 630,000 | 589,000 | - | - | - | - | - |
Adjustments to arrive at cash (used for) provided by operating activities: | |||||||||||
Non-cash restructuring and impairment charges and settlement of a contract matter | |||||||||||
34,000 | 0 | 6,000 | 0 | 9,000 | 0 | 65,000 | 27,000 | -1,000 | -21,000 | - | -5,000 |
Gain on sale of business | |||||||||||
- | - | - | - | 10,000 | 0 | 0 | 27,000 | 0 | 0 | - | - |
Restructuring and asset impairment charge (adjustment) | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - |
Depreciation | |||||||||||
204,000 | 168,000 | 144,000 | 152,000 | 141,000 | 124,000 | 116,000 | 108,000 | 115,000 | 114,000 | 106,000 | 96,000 |
Amortization of intangible assets, pre-production engineering costs and other | |||||||||||
386,000 | 226,000 | 109,000 | 100,000 | 84,000 | 53,000 | 54,000 | 51,000 | 52,000 | - | - | - |
Amortization of acquired contract liability | |||||||||||
141,000 | 69,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Amortization of inventory fair value adjustment | |||||||||||
0 | 74,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Amortization of Intangible Assets | |||||||||||
- | - | - | - | - | - | - | - | - | 30,000 | 23,000 | 22,000 |
Stock-based compensation expense | |||||||||||
35,000 | 31,000 | 27,000 | 24,000 | 24,000 | 20,000 | 24,000 | 24,000 | 24,000 | 18,000 | 19,000 | 17,000 |
Compensation and benefits paid in common stock | |||||||||||
58,000 | 67,000 | 59,000 | 50,000 | 50,000 | 53,000 | 69,000 | 68,000 | 64,000 | 63,000 | 65,000 | 58,000 |
Tax benefit from stock-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | 8,000 | 34,000 |
Excess tax benefit from stock-based compensation (see Note 2) | |||||||||||
- | - | - | 13,000 | 6,000 | 9,000 | 9,000 | 7,000 | 17,000 | 2,000 | 8,000 | 33,000 |
Deferred income taxes | |||||||||||
-13,000 | 43,000 | 48,000 | 50,000 | 113,000 | 55,000 | 102,000 | 93,000 | 86,000 | 88,000 | 73,000 | 43,000 |
Pension plan contributions | |||||||||||
467,000 | 68,000 | 69,000 | 69,000 | 75,000 | 122,000 | 126,000 | 113,000 | 110,000 | 139,000 | 14,000 | 90,000 |
Fair value of acquisition-related contingent consideration | |||||||||||
0 | 0 | 1,000 | 0 | 0 | - | - | - | - | - | - | - |
Changes in assets and liabilities, excluding effects of acquisitions and foreign currency adjustments: | |||||||||||
Receivables | |||||||||||
680,000 | -121,000 | 91,000 | 46,000 | -67,000 | 97,000 | 27,000 | -49,000 | 32,000 | -39,000 | -68,000 | -126,000 |
Production inventory | |||||||||||
255,000 | 50,000 | 18,000 | 23,000 | 84,000 | 96,000 | 70,000 | 121,000 | 16,000 | - | - | - |
Pre-production engineering costs | |||||||||||
85,000 | 94,000 | 177,000 | 183,000 | 198,000 | 170,000 | 141,000 | 141,000 | 95,000 | - | - | - |
Inventories | |||||||||||
- | - | - | - | - | - | - | - | - | -12,000 | -176,000 | -128,000 |
Accounts payable | |||||||||||
-102,000 | 141,000 | 38,000 | -29,000 | 23,000 | 14,000 | -27,000 | 58,000 | 43,000 | -63,000 | 26,000 | -55,000 |
Compensation and benefits | |||||||||||
-109,000 | 39,000 | -4,000 | 24,000 | -60,000 | 33,000 | -75,000 | 61,000 | 64,000 | -122,000 | 10,000 | -41,000 |
Advance payments from customers | |||||||||||
17,000 | 10,000 | -82,000 | 16,000 | -11,000 | 32,000 | 23,000 | -55,000 | -25,000 | 15,000 | 4,000 | 61,000 |
Accrued customer incentives | |||||||||||
-7,000 | -8,000 | 14,000 | 30,000 | 18,000 | 10,000 | 46,000 | -4,000 | 10,000 | - | - | - |
Product warranty costs | |||||||||||
10,000 | -21,000 | -2,000 | -14,000 | -14,000 | -5,000 | -21,000 | -35,000 | -34,000 | -10,000 | 12,000 | - |
Income taxes | |||||||||||
64,000 | -45,000 | 25,000 | 50,000 | -21,000 | 70,000 | -63,000 | 59,000 | 48,000 | 2,000 | -67,000 | -23,000 |
Other assets and liabilities | |||||||||||
291,000 | 6,000 | 32,000 | 64,000 | 8,000 | 2,000 | 16,000 | 72,000 | 26,000 | 27,000 | -51,000 | 0 |
Cash (Used for) Provided by Operating Activities from Continuing Operations | |||||||||||
-310,000 | 1,264,000 | 723,000 | 749,000 | 660,000 | 593,000 | 513,000 | 657,000 | 711,000 | 633,000 | 620,000 | 607,000 |
Investing Activities: | |||||||||||
Property additions | |||||||||||
257,000 | 240,000 | 193,000 | 210,000 | 163,000 | 120,000 | 138,000 | 152,000 | 109,000 | 153,000 | -171,000 | 125,000 |
Acquisition of business, net of cash acquired | |||||||||||
0 | 3,429,000 | 17,000 | 74,000 | 1,405,000 | 0 | 0 | 17,000 | 96,000 | 146,000 | -105,000 | 32,000 |
Proceeds from the disposition of property | |||||||||||
- | - | - | - | - | -3,000 | -17,000 | -14,000 | -1,000 | 0 | 1,000 | 0 |
Acquisition of intangible assets | |||||||||||
- | - | - | - | 1,000 | 1,000 | 4,000 | 4,000 | 7,000 | 2,000 | -8,000 | 8,000 |
Proceeds from business divestitures | |||||||||||
- | - | - | - | 24,000 | 0 | -3,000 | 44,000 | 0 | 0 | - | - |
Cash provided to customer | |||||||||||
- | - | - | - | - | - | - | 237,000 | 0 | 0 | - | - |
Collection of cash provided to customer | |||||||||||
- | - | - | - | - | - | - | 237,000 | 0 | 0 | - | - |
Purchase of short-term investements | |||||||||||
- | - | - | - | - | - | - | - | 21,000 | 0 | 0 | - |
Proceeds from sale of short-term investments | |||||||||||
- | - | - | - | - | - | - | 20,000 | 0 | 0 | - | - |
Proceeds from settlement of discontinued license agreement | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 14,000 |
Other investing activities | |||||||||||
-1,000 | 5,000 | -1,000 | 10,000 | -8,000 | 0 | 1,000 | -3,000 | 0 | 1,000 | -1,000 | 2,000 |
Cash (Used for) Investing Activities from Continuing Operations | |||||||||||
-256,000 | -3,674,000 | -209,000 | -294,000 | -1,537,000 | -118,000 | -129,000 | -92,000 | -232,000 | -302,000 | -284,000 | -153,000 |
Financing Activities: | |||||||||||
Repayment of long-term debt, including current portion | |||||||||||
389,000 | 930,000 | 0 | 0 | 200,000 | 0 | 0 | 24,000 | 0 | 287,000 | - | - |
Repayment of acquired long-term debt | |||||||||||
0 | 2,119,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchases of treasury stock | |||||||||||
12,000 | 46,000 | 261,000 | 330,000 | 211,000 | 589,000 | 714,000 | 328,000 | 183,000 | 153,000 | -576,000 | 333,000 |
Cash dividends | |||||||||||
216,000 | 194,000 | 172,000 | 167,000 | 162,000 | 164,000 | 157,000 | 148,000 | 151,000 | 152,000 | -129,000 | 107,000 |
Increase in long-term borrowings | |||||||||||
0 | 6,099,000 | 0 | 0 | 1,089,000 | 0 | 247,000 | 0 | 0 | 296,000 | 0 | - |
Increase in short-term commercial paper borrowings, net | |||||||||||
- | - | - | - | - | - | 0 | 0 | - | - | - | - |
Increase (decrease) in short-term commercial paper borrowings, net | |||||||||||
1,170,000 | -110,000 | -8,000 | -56,000 | 269,000 | 235,000 | - | - | - | - | 287,000 | 0 |
Gross borrowings of commercial paper with maturities greater than three months | |||||||||||
- | - | - | - | 265,000 | 0 | - | - | - | - | - | - |
Gross payments of commercial paper with maturities greater than three months | |||||||||||
- | - | - | - | 265,000 | 0 | - | - | - | - | - | - |
Net borrowings of commercial paper with maturities greater than three months | |||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - | - |
Increase (decrease) in long-term borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -27,000 |
Proceeds from the exercise of stock options | |||||||||||
63,000 | 64,000 | 21,000 | 49,000 | 37,000 | 61,000 | 21,000 | 22,000 | 38,000 | 19,000 | 17,000 | 61,000 |
Excess tax benefit from stock-based compensation (see Note 2) | |||||||||||
- | - | - | 13,000 | 6,000 | 9,000 | 9,000 | 7,000 | 17,000 | 2,000 | 8,000 | 33,000 |
Other financing activities | |||||||||||
-6,000 | -5,000 | -2,000 | -1,000 | -1,000 | 0 | 0 | - | - | - | - | - |
Cash Provided by (Used for) Financing Activities from Continuing Operations | |||||||||||
610,000 | 2,759,000 | -422,000 | -492,000 | 827,000 | -448,000 | -594,000 | -471,000 | -279,000 | -275,000 | -393,000 | -373,000 |
Operating activities | |||||||||||
- | - | - | -14,000 | -16,000 | 24,000 | 21,000 | - | - | - | - | - |
Investing activities | |||||||||||
- | - | - | 3,000 | 10,000 | 0 | 0 | - | - | - | - | - |
Cash (Used For) Discontinued Operations | |||||||||||
- | - | - | -11,000 | -6,000 | 24,000 | 21,000 | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-9,000 | 14,000 | -4,000 | -23,000 | -12,000 | 5,000 | - | 1,000 | 0 | 4,000 | 1,000 | 6,000 |
Net Change in Cash and Cash Equivalents | |||||||||||
35,000 | 363,000 | 88,000 | -71,000 | -68,000 | 56,000 | - | 95,000 | 200,000 | 60,000 | -56,000 | 87,000 |