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Condensed Financial Information of Registrant
 12 Months Ended
Sep. 30, 2017
Condensed Financial Information of Registrant

Schedule I

STAR GROUP, L.P. (PARENT COMPANY)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

 

     September 30,  

(in thousands)

    2017      2016  

Balance Sheets

      

ASSETS

      

Current assets

      

Cash and cash equivalents

    $ 54      $ 324  

Prepaid expenses and other current assets

      207        199  
  

 

 

     

 

 

  

Total current assets

      261        523  
  

 

 

     

 

 

  

Investment in subsidiaries (a)

      306,016        301,368  
  

 

 

     

 

 

  

Total Assets

    $ 306,277      $ 301,891  
  

 

 

     

 

 

  

LIABILITIES AND PARTNERS’ CAPITAL

      

Current liabilities

      

Accrued expenses

    $ 209      $ 398  
  

 

 

     

 

 

  

Total current liabilities

      209        398  
  

 

 

     

 

 

  

Partners’ capital

      306,068        301,493  
  

 

 

     

 

 

  

Total Liabilities and Partners’ Capital

    $ 306,277      $ 301,891  
  

 

 

     

 

 

  

 

(a) Investments in Star Acquisitions, Inc. and subsidiaries are recorded in accordance with the equity method of accounting.

 

Schedule I

STAR GROUP, L.P. (PARENT COMPANY)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

 

     Years Ended September 30,  

(in thousands)

    2017     2016     2015  

Statements of Operations

       

Revenues

    $ —       $ —       $ —    

General and administrative expenses

      2,116       1,363       1,314  
  

 

 

    

 

 

    

 

 

  

Operating loss

      (2,116 )      (1,363 )      (1,314 ) 

Net interest expense

      —         —         (10,342 ) 

Amortization of debt issuance costs

      —         —         (521 ) 

Loss on redemption of debt

      —         —         (7,345 ) 
  

 

 

    

 

 

    

 

 

  

Net loss before equity income

      (2,116 )      (1,363 )      (19,522 ) 

Equity income of Star Petro Inc. and subs

      29,016       46,297       57,078  
  

 

 

    

 

 

    

 

 

  

Net income

    $ 26,900     $ 44,934     $ 37,556  
  

 

 

    

 

 

    

 

 

  

 

Schedule I

STAR GROUP, L.P. (PARENT COMPANY)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

 

     Years Ended September 30,  

(in thousands)

    2017     2016     2015  

Statements of Cash Flows

       

Cash flows provided by operating activities:

       
  

 

 

    

 

 

    

 

 

  

Net cash provided by operating activities (a)

    $ 24,052     $ 35,109     $ 152,537  
  

 

 

    

 

 

    

 

 

  

Cash flows provided by investing activities:

       
  

 

 

    

 

 

    

 

 

  

Net cash provided by investing activities

      —         —         —    
  

 

 

    

 

 

    

 

 

  

Cash flows used in financing activities:

       

Distributions

      (24,322 )      (23,092 )      (21,298 ) 

Redemption of debt

      —         —         (130,548 ) 

Unit repurchase

      —         (12,017 )      (691 ) 
  

 

 

    

 

 

    

 

 

  

Net cash used in financing activities

      (24,322 )      (35,109 )      (152,537 ) 
  

 

 

    

 

 

    

 

 

  

Net decrease in cash

      (270 )      —         —    

Cash and cash equivalents at beginning of period

      324       324       324  
  

 

 

    

 

 

    

 

 

  

Cash and cash equivalents at end of period

    $ 54     $ 324     $ 324  
  

 

 

    

 

 

    

 

 

  
      
  

 

 

    

 

 

    

 

 

  

(a) Includes distributions from subsidiaries

    $ 24,052     $ 35,109     $ 152,537