XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows provided by (used in) operating activities:    
Net income $ 2,315 $ 30,182
Adjustment to reconcile net income to net cash provided by (used in) operating activities:    
(Increase) decrease in the fair value of derivative instruments [1] 31,039 (11,400)
Depreciation and amortization 8,004 8,050
Provision for losses on accounts receivable 1,529 311
Change in deferred taxes (616) (2,740)
Changes in operating assets and liabilities:    
Increase in receivables (95,743) (96,193)
Increase in inventories (20,187) (11,886)
Increase in other assets (3,235) (12,411)
Increase in accounts payable 8,206 27,158
Decrease in customer credit balances (14,120) (14,294)
Increase in other current and long-term liabilities 19,917 19,987
Net cash used in operating activities (62,891) (63,236)
Cash flows provided by (used in) investing activities:    
Capital expenditures (4,025) (3,604)
Proceeds from sales of fixed assets 644 88
Purchase of investments [2] (4,456) (34,151)
Acquisitions (275) (224)
Net cash used in investing activities (8,112) (37,891)
Cash flows provided by (used in) financing activities:    
Revolving credit facility borrowings 92,500 79,149
Term loan repayments   (2,500)
Distributions (6,413) (6,302)
Unit repurchases (5,735)  
Customer retainage payments (57) (539)
Payments of debt issue costs (34)  
Net cash provided by financing activities 80,261 69,808
Net increase (decrease) in cash, cash equivalents, and restricted cash 9,258 (31,319)
Cash, cash equivalents, and restricted cash at beginning of period 14,781 52,708
Cash, cash equivalents, and restricted cash at end of period $ 24,039 $ 21,389
[1] Represents the change in value of unrealized open positions and expired options.
[2] See Note 2 – Investments.