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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities      
Net income $ 122,361 $ 77,421 $ 10,293
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 1,768 2,117 2,446
Straight line office rent amortization 328 48 70
Amortization expense related to other asset 9,416 2,999 0
Deferred income taxes 795 0 0
Unrealized losses attributable to changes in fair value of stock accounted for under the fair value option 0 290 4,556
Dividend income 0 (1,259) (421)
Revenues paid in common shares of Managed REITs 0 (6,564) (11,809)
Gain on sale of shares 0 (15) (123)
Equity in earnings of investee 0 (115) (160)
Loss on disposition of assets 0 0 136
Operating expenses paid in RMR Inc. common shares 933 0 0
Changes in assets and liabilities:      
Due from related parties (6,298) 29,166 70,098
Accounts receivable 0 26,229 (19,486)
Prepaid and other current assets (1,401) 3,755 (951)
Accounts payable, accrued expenses and deposits (2,467) 287 5,483
Incentive fee allocable to ABP Trust (26,611) 0 0
Due to related parties 0 (32,279) (28,451)
Net cash from operating activities 98,824 102,080 31,681
Cash Flows from Investing Activities      
Purchase of property and equipment (1,070) (1,404) (1,417)
Purchase of SIR shares 0 0 (16,018)
Acquisitions (2,479) 0 0
Purchase of equity investment interest 0 0 (825)
Proceeds from sale of shares 0 2,369 2,895
Proceeds from disposal of assets 0 1,335 25
Dividends received from investment in REITs 0 1,237 380
Purchase of investment in RMR LLC 0 (46,386) 0
Net cash used in investing activities (3,549) (42,849) (14,960)
Cash Flows from Financing Activities      
Loan from Member 0 0 57,000
Payments to Member 0 0 (57,000)
Proceeds from issuance of common shares 0 57,906 0
Repurchase of Common Shares (91) 0 0
Distribution to noncontrolling interest (46,662) 0 0
Members contribution 0 0 110,577
Members distribution 0 (224,336) 0
Distribution to common shareholders (17,209) 0 0
Net cash (used in) provided by financing activities (63,962) (166,430) 110,577
Effect of exchange rate fluctuations on cash and cash equivalents 23 (35) (132)
Increase (decrease) in cash and cash equivalents 31,336 (107,234) 127,166
Cash and cash equivalents at beginning of year 34,497 141,731 14,565
Cash and cash equivalents at end of year 65,833 34,497 141,731
Supplemental cash flow information      
Interest paid 0 0 144
Income taxes paid 25,811 217 104
Supplemental schedule of non-cash activities      
Fair value of share based payments recorded 7,997 5,931 11,444
Establishment of deferred taxes, net of amounts payable under tax receivable agreement 0 14,407 0
Non-cash equity activity 0 60,343 0
Establishment of other asset 0 193,806 0
Proceeds from the issuance of common shares received in Managed REIT shares 0 121,378 0
Purchase of investment in RMR LLC in Managed REIT shares $ 0 $ (121,378) $ 0