| 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 earnings | |||||||||||
259,602 | 180,378 | 200,507 | 180,838 | 181,452 | 165,844 | 145,942 | 141,589 | 132,235 | 111,162 | 94,416 | 122,555 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
142,004 | 116,131 | 80,917 | 69,036 | 75,235 | 77,353 | 74,233 | 68,617 | 75,393 | 75,616 | 63,948 | 35,450 |
Gain due to curtailment of postretirement plan | |||||||||||
- | 330 | - | 47 | - | -7,539 | 37 | 56 | - | - | - | - |
Impairment of long-lived asset held for sale (Note 9) | |||||||||||
- | - | - | - | - | 3,138 | 0 | 0 | - | - | - | - |
Net (gain) loss on sales of assets | |||||||||||
-1,925 | 1,106 | 3,604 | 4,431 | 626 | -166 | 100 | -16 | -644 | 131 | 188 | -1,229 |
Stock-based compensation | |||||||||||
18,146 | 18,229 | 17,282 | 15,122 | 14,255 | 11,241 | 9,414 | 8,628 | 6,590 | 6,686 | 5,499 | 4,588 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | - | - | - | 5,154 | 3,990 | 3,558 | 5,115 | 2,695 | 15,355 |
Deferred income taxes | |||||||||||
-10,065 | -30,177 | 22,772 | -52,744 | 15,504 | -6,704 | 8,348 | -3,730 | -10,321 | 16,358 | 17,233 | 10,960 |
(Gain) loss on derivatives reclassified from accumulated comprehensive earnings into earnings | |||||||||||
- | - | - | -21 | -99 | -99 | -171 | -174 | -229 | -282 | -237 | - |
Proceeds from formation of joint venture (Note 4) | |||||||||||
- | - | - | 250,000 | 0 | 0 | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||
Reclassification of unrecognized losses to earnings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -204 |
Trade accounts receivable | |||||||||||
-841 | 6,494 | 53,151 | 9,190 | -14,845 | -30,880 | 9,774 | 59,061 | 49,393 | 40,688 | -37,760 | 26,470 |
Unbilled receivables (contract assets) | |||||||||||
31,353 | - | - | - | - | - | - | - | - | - | - | - |
Costs to fulfill a contract | |||||||||||
20,656 | - | - | - | - | - | - | - | - | - | - | - |
Inventories | |||||||||||
49,185 | 7,660 | 10,857 | 17,658 | 8,824 | 27,788 | 1,485 | 18,702 | 76,643 | -5,896 | -52,586 | 36,661 |
Accounts payable and accrued liabilities | |||||||||||
48,004 | -2,284 | 64,659 | 17,461 | 3,029 | 25,804 | 16,062 | 11,688 | 27,679 | 34,426 | -44,834 | 6,078 |
Contract liabilities | |||||||||||
29,082 | -1,596 | -1,292 | - | - | - | - | - | - | - | - | - |
Income taxes | |||||||||||
2,083 | 35,641 | 3,323 | -834 | -7,487 | 9,378 | -9,020 | 7,594 | 19,064 | 998 | -4,034 | - |
Current income taxes | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 27,089 |
Retirement benefit obligations | |||||||||||
-3,705 | -4,653 | -2,932 | -3,416 | -4,537 | -2,788 | -15,974 | 745 | -8,322 | -13,672 | -3,343 | -5,146 |
Other | |||||||||||
-3,885 | -3,213 | 10,087 | 8,873 | -13,045 | 5,514 | -9,892 | 9,511 | -1,026 | 7,246 | -2,642 | -1,502 |
Net cash provided by operating activities | |||||||||||
390,608 | 299,292 | 307,537 | 435,379 | 295,990 | 273,570 | 222,592 | 144,113 | 114,623 | 184,572 | 219,227 | 126,023 |
Cash flows from investing activities: | |||||||||||
Payments for purchase of property, plant, and equipment | |||||||||||
99,066 | 127,140 | 92,336 | 175,692 | 286,612 | 207,106 | 141,600 | 64,900 | 48,255 | 28,104 | 28,947 | 37,516 |
Proceeds from sale of assets | |||||||||||
1,010 | 1,923 | 3,743 | 6,664 | 2,529 | 1,277 | 418 | 283 | 59 | 312 | 16,637 | 1,607 |
Proceeds from sales of short-term investments | |||||||||||
22,252 | 9,088 | 5,313 | - | 0 | - | - | - | - | - | - | - |
Payments for purchases of short-term investments | |||||||||||
26,723 | 9,323 | 8,586 | 4,918 | 0 | 0 | - | - | - | - | - | - |
Business acquisitions, net of cash acquired | |||||||||||
- | 771,115 | - | - | - | - | 198,860 | 0 | 38,698 | 25,000 | 749,820 | - |
Business acquisitions, marketable securities acquired | |||||||||||
- | - | - | - | - | - | - | - | 8,463 | 0 | 0 | - |
Proceeds from the sale of marketable securities | |||||||||||
- | - | - | - | - | - | - | - | 8,217 | 0 | 0 | - |
Proceeds from disposal of Fuel & Pneumatics product line | |||||||||||
- | - | - | - | - | - | - | - | - | 660 | 48,000 | - |
Net cash used in investing activities | |||||||||||
-102,527 | -896,567 | -91,866 | -173,946 | -284,083 | -205,829 | -340,042 | -64,617 | -87,140 | -52,132 | -714,130 | -35,909 |
Cash flows from financing activities: | |||||||||||
Cash dividends paid | |||||||||||
39,066 | 34,003 | 29,745 | 26,606 | 24,646 | 21,263 | 21,866 | 21,351 | 18,581 | 17,085 | 16,864 | 16,541 |
Proceeds from sales of treasury stock | |||||||||||
36,044 | 9,132 | 14,195 | 15,892 | 8,400 | 9,772 | 8,370 | 6,286 | 2,482 | 1,999 | 4,631 | 9,440 |
Payments for repurchases of common stock | |||||||||||
110,311 | - | 71,751 | 125,541 | 158,762 | 143,224 | 45,754 | 44,110 | 6,837 | 4,513 | 866 | 39,801 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | - | - | - | 5,154 | 3,990 | 3,558 | 5,115 | 2,695 | 15,355 |
Borrowings on revolving lines of credit and short-term borrowings | |||||||||||
1,683,542 | 1,930,261 | 1,506,000 | 695,000 | 999,971 | 431,071 | 179,072 | 187,865 | 164,557 | 106,019 | 145,702 | 45,791 |
Payments on revolving lines of credit and short-term borrowings | |||||||||||
1,690,035 | 1,691,934 | 1,630,100 | 890,896 | 856,610 | 221,069 | 179,484 | 187,591 | 182,728 | 83,980 | 149,731 | 47,256 |
Purchase of noncontrolling interest | |||||||||||
- | - | - | - | - | - | - | - | - | 8,120 | 0 | - |
Proceeds from issuance of long-term debt | |||||||||||
- | 400,000 | - | 179,308 | - | 250,000 | 200,000 | 0 | 0 | - | 620,000 | - |
Payments of long-term debt and finance lease obligations | |||||||||||
143,535 | 421 | 412 | 107,287 | - | 300,000 | - | - | - | - | - | - |
Proceeds from cash flow hedge | |||||||||||
- | - | - | - | - | - | 507 | 0 | 0 | - | - | - |
Payments of long-term debt assumed in MPC acquisition | |||||||||||
- | - | - | - | - | - | - | - | - | - | 18,610 | - |
Payments for cash flow hedge | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,308 | -108 |
Payments of debt financing costs | |||||||||||
2,238 | 1,494 | - | 863 | 2,359 | 1,297 | 1,651 | 2,185 | 0 | 0 | 5,892 | 412 |
Payment for forward option derivative instrument | |||||||||||
- | 5,543 | - | - | - | - | - | - | - | - | - | - |
Payments of long-term debt | |||||||||||
- | - | - | - | - | - | 41,875 | 33,365 | 18,430 | 128,420 | 92,392 | 16,257 |
Net cash used in financing activities | |||||||||||
-265,599 | 605,998 | -211,813 | -260,993 | -34,006 | 3,990 | 102,473 | -90,461 | -55,979 | -128,985 | 487,365 | -49,573 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-7,003 | -12,681 | 2,604 | -1,552 | -10,986 | -5,000 | 1,704 | -1,745 | -2,544 | 1,261 | -1,432 | -2,343 |
Net change in cash and cash equivalents | |||||||||||
15,479 | -3,958 | 6,462 | -1,112 | -33,085 | 66,731 | -13,273 | -12,710 | -31,040 | 4,716 | -8,970 | 38,198 |