| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | ||||||||||
Net income from discontinued operations | ||||||||||
-1,423 | 4,243 | - | 13,815 | 12,744 | - | - | - | - | - | - |
Net loss | ||||||||||
39,883 | 12,036 | -11,209 | 1,735 | 22,914 | 69,580 | 25,269 | 92,104 | 83,904 | 72,094 | 63,145 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
64,700 | 46,600 | 51,099 | 40,323 | 29,185 | 30,440 | 25,359 | 22,857 | 22,341 | 14,469 | 15,586 |
Share-based compensation expense | ||||||||||
15,488 | 7,515 | 5,269 | 7,748 | 7,407 | 5,625 | 3,251 | - | - | - | - |
Change in fair value of contingent consideration | ||||||||||
-1,005 | 1,029 | -3,878 | 1,274 | 3,607 | - | - | - | - | - | - |
Inventory write-down | ||||||||||
- | - | - | - | - | 598 | 2,760 | - | - | - | - |
Impairment of goodwill | ||||||||||
- | - | - | - | - | - | 50,865 | - | - | - | - |
(Gain) loss on sale of property, plant and equipment | ||||||||||
32,510 | - | - | - | - | - | - | - | - | - | - |
Gain on sale of investment in real estate | ||||||||||
- | 1,474 | - | - | - | - | - | - | - | - | - |
Loss on disposal of assets | ||||||||||
- | - | -405 | - | - | - | - | - | - | - | - |
Net pension benefit | ||||||||||
-1,337 | -2,770 | -1,046 | 1,102 | -3,224 | -1,626 | - | - | - | - | - |
Excess tax benefits from equity incentive plans | ||||||||||
- | - | 35 | -3 | -33 | 310 | - | - | - | - | - |
Provision for doubtful accounts | ||||||||||
- | - | - | - | - | - | - | - | - | -3,889 | 3,038 |
Deferred income taxes | ||||||||||
3,363 | 6,860 | 5,540 | 27,709 | 27,485 | 2,684 | -7,508 | -1,486 | 2,512 | 1,130 | 5,320 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ||||||||||
Accounts receivable | ||||||||||
-44,473 | 34,762 | 40,015 | 184 | -9,961 | 4,300 | 18,991 | 118,164 | -3,566 | -25,225 | -41,077 |
Contract assets | ||||||||||
83,697 | - | - | - | - | - | - | - | - | - | - |
Inventories | ||||||||||
31,544 | -3,023 | 18,867 | 62 | 21,669 | -20,590 | 19,890 | 13,636 | -2,442 | -17,304 | 7,734 |
Prepaid expenses and other current assets | ||||||||||
-5,317 | 15,455 | -7,763 | -4,494 | 14,942 | 6,488 | -3,867 | -7,574 | -5,122 | -4,167 | -5,751 |
Long-term financing receivables | ||||||||||
56,575 | - | - | - | - | - | - | - | - | - | - |
Long-term capitalized contract costs | ||||||||||
- | -29,552 | 8,911 | 7,635 | 3,192 | -7,246 | -42,088 | -26,875 | - | - | - |
Accounts payable and other current liabilities | ||||||||||
27,792 | 30,423 | 10,919 | 25,613 | 33,338 | 6,505 | -25,637 | 8,525 | -1,547 | -24,141 | 15,083 |
Contract liabilities | ||||||||||
-15,359 | 21,566 | - | - | - | - | - | - | - | - | - |
Customer advances | ||||||||||
- | - | 7,364 | -24,908 | -10,337 | 7,304 | 8,990 | -37,999 | 37,143 | 18,462 | 34,619 |
Income taxes | ||||||||||
-17,268 | -361 | 8,240 | -5,519 | 8,847 | -9,768 | -19,114 | 11,929 | -23,713 | -13,628 | -675 |
Other items, net | ||||||||||
-11,689 | 18,126 | 5,724 | -6,294 | 1,805 | -1,222 | 409 | -494 | 2,676 | -3,799 | -1,614 |
NET CASH USED IN OPERATING ACTIVITIES FROM CONTINUING OPERATIONS | ||||||||||
-31,851 | 8,589 | - | 24,024 | 81,248 | 114,810 | -13,276 | -54,677 | 129,094 | 114,992 | 176,824 |
NET CASH PROVIDED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS | ||||||||||
- | 10,376 | - | 20,578 | 8,441 | - | - | - | - | - | - |
NET CASH USED IN OPERATING ACTIVITIES | ||||||||||
-31,851 | 18,965 | 24,736 | 44,602 | 89,689 | - | - | - | - | - | - |
Investing Activities: | ||||||||||
Acquisition of businesses, net of cash acquired | ||||||||||
393,908 | 16,322 | 16,830 | 243,459 | 92,178 | 83,456 | 63,691 | - | 126,825 | 8,250 | 19,965 |
Purchases of marketable securities | ||||||||||
- | - | 19,121 | 28,470 | 58,855 | 25,557 | 4,050 | - | - | - | - |
Consolidation of variable interest entity | ||||||||||
- | - | - | - | - | - | - | - | - | -38,264 | - |
Proceeds from sales or maturities of marketable securities | ||||||||||
- | - | 31,868 | 43,456 | 51,173 | 4,050 | - | 25,829 | 58,252 | 82,992 | - |
Proceeds from sale of property, plant and equipment | ||||||||||
44,891 | - | 1,233 | - | - | - | - | - | - | - | - |
Purchases of short-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | 158,946 | 8,127 |
Purchases of property, plant and equipment | ||||||||||
49,100 | 31,700 | 36,932 | 32,093 | 22,164 | 16,620 | 9,052 | 14,226 | 8,728 | 6,878 | 5,332 |
Proceeds from sale of investment in real estate | ||||||||||
- | 2,400 | - | - | - | - | - | - | - | - | - |
Purchase of non-marketable debt and equity securities | ||||||||||
60,694 | 1,500 | 2,700 | - | - | - | - | - | - | - | - |
Purchases of other assets | ||||||||||
- | - | - | - | 2,993 | - | - | - | - | - | - |
Other items - net | ||||||||||
- | - | - | - | - | - | - | - | - | - | -41 |
NET CASH USED IN INVESTING ACTIVITIES FROM CONTINUING OPERATIONS | ||||||||||
-458,795 | -47,118 | - | -260,566 | -125,017 | -121,583 | -76,793 | 11,603 | -77,301 | -52,818 | -33,383 |
NET CASH PROVIDED BY INVESTING ACTIVITIES FROM DISCONTINUED OPERATIONS | ||||||||||
- | 133,795 | - | - | -38 | - | - | - | - | - | - |
NET CASH USED IN INVESTING ACTIVITIES | ||||||||||
-458,795 | 86,677 | -42,482 | -260,566 | -125,055 | - | - | - | - | - | - |
Financing Activities: | ||||||||||
Proceeds from short-term borrowings | ||||||||||
898,000 | 269,770 | 130,780 | 288,900 | 111,300 | 38,000 | 70,000 | - | - | - | - |
Principal payments on short-term borrowings | ||||||||||
702,500 | 324,770 | 315,780 | 108,900 | 51,300 | 38,000 | 70,000 | - | - | - | - |
Proceeds from long-term borrowings | ||||||||||
- | - | - | - | 25,000 | - | 100,000 | - | - | - | - |
Principal payments on long-term debt | ||||||||||
- | - | 978 | 494 | 537 | 573 | 8,543 | 4,549 | 4,555 | 4,541 | 5,970 |
Stock issued under employee stock purchase plan | ||||||||||
1,832 | 1,517 | 2,234 | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock | ||||||||||
- | - | - | - | - | 113 | - | - | - | 44 | 45 |
Purchase of common stock | ||||||||||
3,688 | 2,449 | 2,444 | 1,563 | 2,652 | 1,204 | - | - | 4 | 3 | - |
Dividends paid | ||||||||||
8,414 | 7,355 | 7,341 | 7,285 | 7,256 | 6,429 | 6,417 | 6,417 | 7,486 | 4,812 | 4,811 |
Excess tax benefits from equity incentive plans | ||||||||||
- | - | 35 | -3 | -33 | 310 | - | - | - | - | - |
Contingent consideration payments related to acquisitions of businesses | ||||||||||
820 | 1,156 | 2,625 | 2,479 | - | 2,368 | 7,842 | - | - | - | - |
Equity contribution from Boston VIE partner | ||||||||||
- | 24,349 | - | - | - | - | - | - | - | - | - |
Proceeds from equity offering, net | ||||||||||
215,832 | - | - | - | - | - | - | - | - | - | - |
Purchase of noncontrolling interest | ||||||||||
- | - | - | - | 1,029 | - | - | - | - | - | - |
Net change in restricted cash | ||||||||||
- | - | 66,293 | -6,403 | -189 | 325 | -158 | -68,584 | - | - | - |
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||||||
448,497 | -31,676 | -129,826 | 233,126 | 73,304 | -9,826 | 77,040 | -79,550 | -12,045 | -9,312 | -10,736 |
Effect of exchange rates on cash | ||||||||||
-1,838 | -2,935 | 10,588 | -38,511 | -10,950 | 4,195 | 4,654 | 5,743 | -6,034 | -1,502 | -1,327 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||||
-43,987 | 71,031 | -136,984 | -21,349 | 26,988 | -12,404 | -8,375 | -116,881 | 33,714 | 51,360 | 131,378 |
Supplemental disclosure of non-cash investing and financing activities: | ||||||||||
Shield Aviation | ||||||||||
Change in fair value of contingent consideration | ||||||||||
-1,800 | 200 | - | - | - | - | - | - | - | - | - |
Liability recognized in connection with the acquisition, net | ||||||||||
- | 6,248 | - | - | - | - | - | - | - | - | - |
OpCo. | ||||||||||
Proceeds from long-term borrowings | ||||||||||
50,162 | 13,196 | - | - | - | - | - | - | - | - | - |
Deferred financing fees | ||||||||||
- | 4,778 | - | - | - | - | - | - | - | - | - |
Cubic Corporation Excluding VIE | ||||||||||
Deferred financing fees | ||||||||||
1,907 | - | - | - | - | - | - | - | - | - | - |
Nuvotronics | ||||||||||
Contingent consideration liability incurred with the acquisition | ||||||||||
4,900 | - | - | - | - | - | - | - | - | - | - |
Deltenna | ||||||||||
Liability recognized in connection with the acquisition, net | ||||||||||
- | - | 1,327 | - | - | - | - | - | - | - | - |
Vocality | ||||||||||
Liability incurred to acquire, net | ||||||||||
- | - | 271 | - | - | - | - | - | - | - | - |