XML 19 R6.htm IDEA: XBRL DOCUMENT 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