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v3.8.0.1

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016
Cash Flows from Operating Activities: |  |
Net income | $ 159,324 | $ 60,200
Adjustments to reconcile net income to net cash from operating activities: |  |
Depreciation and amortization | 380 | 555
Straight line office rent | 52 | 72
Amortization expense related to other assets | 2,354 | 2,354
Deferred income taxes | 20,150 | 1,858
Operating expenses paid in RMR Inc. common shares | 566 | 138
Contingent consideration liability | (425) | (100)
Tax receivable agreement remeasurement | (24,710) | 0
Distribution from equity method investments | 50 | 0
Equity in losses of investees | 222 | 0
Changes in assets and liabilities: |  |
Due from related parties | (156,798) | (50,716)
Prepaid and other current assets | 3,722 | (1,194)
Accounts payable and accrued expenses | 35,571 | 10,861
Due to related parties | 0 | 360
Net cash from operating activities | 40,458 | 24,388
Cash Flows from Investing Activities: |  |
Purchase of property and equipment | (186) | (34)
Net cash used in investing activities | (186) | (34)
Cash Flows from Financing Activities: |  |
Distributions to noncontrolling interest | (18,905) | (11,327)
Distributions to common shareholders | (4,041) | (4,021)
Net cash used in financing activities | (22,946) | (15,348)
Effect of exchange rate fluctuations on cash and cash equivalents | 0 | (10)
Increase in cash and cash equivalents | 17,326 | 8,996
Cash and cash equivalents at beginning of period | 108,640 | 65,833
Cash and cash equivalents at end of period | 125,966 | 74,829
Supplemental cash flow information: |  |
Income taxes paid | $ 28 | $ 7,518

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