| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
208,000 | 166,000 | 304,000 | 273,000 | 196,000 | ||
Adjustments to reconcile net income to cash flows from operating activities | ||||||
Debt issuance cost and discount amortization | ||||||
- | - | - | 4,000 | 0 | ||
Depreciation and amortization | ||||||
61,000 | 54,000 | 42,000 | 38,000 | 38,000 | ||
Deferred income taxes | ||||||
-23,000 | -145,000 | -117,000 | -13,000 | 9,000 | ||
Equity income from unconsolidated affiliates, net of distributions | ||||||
3,000 | 4,000 | 4,000 | -4,000 | 12,000 | ||
Distributions from equity affiliates | ||||||
- | - | - | - | 18,000 | ||
Net loss on acquisition and divestiture | ||||||
- | - | - | - | 26,000 | ||
Impairment of equity investment | ||||||
- | - | - | - | 14,000 | ||
Pension contributions | ||||||
10,000 | 16,000 | 412,000 | 2,000 | 0 | ||
Loss (gain) on pension and other postretirement plan remeasurements | ||||||
-69,000 | -38,000 | 68,000 | 42,000 | -2,000 | ||
Stock-based compensation expense | ||||||
9,000 | 12,000 | 9,000 | 0 | 0 | ||
Other, net | ||||||
2,000 | -4,000 | -3,000 | -1,000 | - | ||
Change in assets and liabilities | ||||||
Accounts receivable | ||||||
30,000 | 38,000 | 22,000 | 17,000 | -53,000 | ||
Inventories | ||||||
10,000 | 4,000 | 35,000 | 4,000 | 6,000 | ||
Payables and accrued liabilities | ||||||
37,000 | -2,000 | 0 | 5,000 | 2,000 | ||
Other assets and liabilities | ||||||
27,000 | 35,000 | 64,000 | -38,000 | -8,000 | ||
Total cash provided by operating activities | ||||||
325,000 | 320,000 | -130,000 | 311,000 | 330,000 | ||
Cash flows from investing activities | ||||||
Additions to property, plant and equipment | ||||||
108,000 | 93,000 | 68,000 | 66,000 | 45,000 | ||
Proceeds from disposal of property, plant and equipment | ||||||
- | - | - | - | 1,000 | ||
Acquisitions, net of cash acquired | ||||||
78,000 | 125,000 | 68,000 | 83,000 | 5,000 | ||
Proceeds from sale of operations | ||||||
- | - | - | - | 23,000 | ||
Other investing activities, net | ||||||
2,000 | -5,000 | -1,000 | -1,000 | - | ||
Total cash used in investing activities | ||||||
-188,000 | -213,000 | -135,000 | -148,000 | -26,000 | ||
Cash flows from financing activities | ||||||
Net transfers from Ashland | ||||||
0 | 0 | -5,000 | 1,504,000 | 304,000 | ||
Cash contributions from Ashland | ||||||
- | - | - | 60,000 | 0 | ||
Proceeds from initial public offering, net of offering costs of $40 | ||||||
- | - | - | 719,000 | 0 | ||
Proceeds from borrowings, net of issuance costs | ||||||
750,000 | 304,000 | 470,000 | 1,372,000 | 0 | ||
Repayments on borrowings | ||||||
734,000 | 108,000 | 90,000 | 637,000 | 0 | ||
Repurchases of common stock | ||||||
0 | 325,000 | 50,000 | 0 | 0 | ||
Payments for purchase of additional ownership in subsidiary | ||||||
1,000 | 15,000 | 0 | 0 | - | ||
Cash dividends paid | ||||||
80,000 | 58,000 | 40,000 | 0 | 0 | ||
Other financing activities | ||||||
-6,000 | -7,000 | 0 | 0 | - | ||
Total cash provided by (used in) financing activities | ||||||
-71,000 | -209,000 | 295,000 | 10,000 | -304,000 | ||
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | ||||||
-3,000 | -3,000 | -1,000 | -1,000 | 0 | ||
Increase (decrease) in cash, cash equivalents, and restricted cash | ||||||
63,000 | -105,000 | 29,000 | 172,000 | 0 | ||
Interest paid | ||||||
67,000 | 53,000 | 35,000 | 0 | 0 | ||
Income taxes paid | ||||||
25,000 | 26,000 | 26,000 | 17,000 | 0 | ||