| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
68,632 | 76,534 | 37,995 | 14,440 | 84,352 | 94,509 | 78,798 | 638 | 114,966 | 115,316 | 165,238 | 154,880 |
Adjustments to reconcile net income to net cash provided by operations: | |||||||||||
Depreciation and amortization | |||||||||||
120,872 | 125,222 | 127,938 | 129,616 | 133,294 | 136,399 | 130,384 | 47,034 | 35,628 | 30,834 | 30,343 | 28,394 |
Loss on sale of business | |||||||||||
0 | -4,823 | 0 | 9,769 | 0 | 0 | - | - | - | - | - | - |
Loss on debt extinguishment | |||||||||||
0 | 0 | -1,567 | -292 | -15,072 | -11,589 | -2,144 | -2,249 | 0 | -9,473 | -4,624 | 0 |
Compensation costs recognized under Restricted Unit Plans | |||||||||||
10,521 | 8,198 | 7,286 | - | - | - | - | - | - | - | - | - |
Pension settlement charge | |||||||||||
0 | 0 | -6,100 | -2,000 | 2,000 | 0 | 0 | - | - | 2,818 | 0 | 0 |
Deferred tax provision | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,385 | 1,277 |
Other, net | |||||||||||
-1,688 | -1,150 | -1,975 | -9,181 | -11,605 | -5,664 | 2,796 | -6,424 | -3,316 | -6,120 | -3,895 | 1,466 |
Gain on disposal of discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 43,707 |
Changes in assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
-11,821 | 5,183 | 11,881 | -6,258 | -36,986 | 2,061 | 5,910 | -13,762 | 6,247 | 7,709 | -42,898 | -9,663 |
Inventories | |||||||||||
-14,353 | 5,729 | 7,916 | -2,415 | -43,279 | 13,342 | -10,553 | -8,189 | 4,721 | -9,555 | -9,664 | 1,424 |
Other current and noncurrent assets | |||||||||||
-8,209 | 5,362 | 9,613 | -2,037 | -3,223 | -266 | -5,436 | 754 | -2,470 | -1,479 | -19,121 | -24,125 |
Accounts payable | |||||||||||
-6,960 | 809 | 7,088 | -1,885 | -14,761 | -3,513 | -375 | 15,669 | -2,134 | 3,376 | -22,402 | 1,080 |
Accrued employment and benefit costs | |||||||||||
2,284 | 5,000 | 10,907 | -12,742 | 5,203 | 474 | 7,045 | -8,586 | -5,673 | -12,251 | 13,822 | -10,587 |
Accrued insurance | |||||||||||
-3,288 | 1,986 | 8,905 | 2,593 | -5,367 | 4,298 | 3,601 | -4,451 | -2,604 | 3,127 | -20,785 | 27,240 |
Customer deposits and advances | |||||||||||
2,371 | -1,540 | -9,132 | 1,163 | -2,239 | -176 | -16,735 | 18,352 | -6,103 | -6,328 | -5,437 | -4,188 |
Contributions to defined benefit pension plan | |||||||||||
5,350 | 4,764 | 11,523 | 715 | 0 | 0 | - | - | - | - | - | - |
Other current and noncurrent liabilities | |||||||||||
1,628 | 9,268 | 4,125 | 12,537 | 11,562 | -8,556 | 2,161 | 12,447 | 3,888 | -13 | 4,185 | -2,974 |
Net cash provided by operating activities | |||||||||||
226,781 | 210,412 | 163,821 | 157,421 | 324,209 | 225,551 | 214,306 | 110,973 | 132,786 | 155,797 | 246,551 | 120,517 |
Cash flows from investing activities: | |||||||||||
Capital expenditures | |||||||||||
34,978 | 32,902 | 28,168 | 38,375 | 41,213 | 30,052 | 27,823 | 17,476 | 22,284 | 19,131 | 21,837 | 21,819 |
Acquisitions of businesses | |||||||||||
19,300 | 4,251 | 0 | 42,945 | 6,500 | 0 | 0 | 223,731 | 3,195 | 14,500 | 0 | 0 |
Proceeds from sale of property, plant and equipment | |||||||||||
5,763 | 5,885 | 5,180 | 5,950 | 11,741 | 13,520 | 7,310 | 1,449 | 5,974 | 3,520 | 4,985 | 4,734 |
Proceeds from sale of business | |||||||||||
0 | 2,800 | 0 | 21,465 | 0 | 0 | - | - | - | - | - | 53,715 |
Adjustment to purchase price for Inergy Propane | |||||||||||
- | - | - | - | - | - | 5,850 | 0 | 0 | - | - | - |
Net cash (used in) investing activities | |||||||||||
-48,515 | -39,090 | -22,988 | -53,905 | -35,972 | -16,532 | -14,663 | -239,758 | -19,505 | -30,111 | -16,852 | 36,630 |
Cash flows from financing activities: | |||||||||||
Proceeds from long-term borrowings | |||||||||||
0 | 0 | 350,000 | 0 | 250,000 | 525,000 | 0 | 100,000 | 0 | 247,840 | 100,000 | 0 |
Repayments of long-term borrowings (includes premium and fees) | |||||||||||
0 | 0 | 360,931 | 0 | 260,852 | 528,077 | 168,915 | 100,000 | 0 | 256,510 | 177,821 | 15,000 |
Proceeds from borrowings under revolving credit facility | |||||||||||
370,700 | 350,100 | 374,845 | 100,000 | 0 | 61,700 | 0 | 0 | - | - | - | - |
Repayments of borrowings under revolving credit facility | |||||||||||
400,800 | 369,145 | 312,200 | 100,000 | 0 | 61,700 | 0 | 0 | - | - | - | - |
Proceeds from short-term borrowings | |||||||||||
- | - | - | - | - | - | - | 225,000 | 0 | 0 | - | - |
Repayments of short-term borrowings | |||||||||||
- | - | - | - | - | - | - | 225,000 | 0 | 0 | 110,000 | 0 |
Issuance costs associated with long-term borrowings | |||||||||||
0 | 0 | 7,064 | 2,678 | 4,568 | 9,515 | 0 | 25,199 | 0 | 5,018 | 5,543 | 0 |
Net proceeds from issuance of Common Units | |||||||||||
- | - | - | - | - | - | 143,444 | 259,842 | 0 | 0 | 95,880 | 0 |
Partnership distributions | |||||||||||
147,882 | 147,185 | 216,576 | 215,522 | 213,118 | 211,020 | 201,257 | 121,094 | 120,636 | 118,263 | 106,740 | 101,035 |
Other, net | |||||||||||
-3,007 | -2,717 | -3,459 | -313 | - | - | - | - | - | - | - | - |
Net cash (used in) financing activities | |||||||||||
-180,989 | -168,947 | -175,385 | -218,513 | -228,538 | -223,612 | -226,728 | 113,549 | -120,636 | -131,951 | -204,224 | -116,035 |
Net increase in cash and cash equivalents | |||||||||||
-2,723 | 2,375 | -34,552 | -114,997 | 59,699 | -14,593 | -27,085 | -15,236 | -7,355 | -6,265 | 25,475 | 41,112 |
Cash paid for interest | |||||||||||
73,221 | 74,121 | 76,606 | 74,289 | 75,597 | 91,836 | 86,583 | 38,294 | 24,584 | 28,362 | 39,153 | 35,217 |
Supplemental disclosure of non-cash investing and financing activities for the Inergy Propane Acquisition (see Note 3): | |||||||||||
Issuance of long-term debt | |||||||||||
- | - | - | - | - | - | - | 1,075,043 | 0 | 0 | - | - |
Issuance of equity | |||||||||||
- | - | - | - | - | - | - | 590,027 | 0 | 0 | - | - |