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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:      
Net income $ 66,333 $ 169,044 $ 217,426
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 968 1,017 1,248
Straight line office rent 154 391 201
Amortization expense related to other assets 9,416 9,416 9,416
Deferred income taxes 1,829 (3) 19,815
Operating expenses paid in The RMR Group Inc. common shares 3,785 4,948 4,348
Contingent consideration liability 0 0 (491)
Tax receivable agreement remeasurement 0 0 (24,710)
Distributions from equity method investments 736 549 174
Equity in (earnings) losses of investees (1,545) (719) 578
Impairment loss on Tremont Mortgage Trust investment 0 6,213 4,359
Unrealized (gain) loss on equity method investment accounted for under the fair value option (3,151) 4,700 0
Changes in assets and liabilities:      
Due from related parties 10,400 (64,849) (3,736)
Prepaid and other current assets 1,971 (845) 318
Other client company reimbursable expenses (9,830) 65,909 0
Accounts payable and accrued expenses (3,569) 2,443 (476)
Net cash from operating activities 77,497 198,214 228,470
Cash Flows from Investing Activities:      
Purchase of property and equipment (601) (702) (648)
Equity method investment in TravelCenters of America Inc. (5,319) (8,382) 0
Equity method investment in Tremont Mortgage Trust 0 (5,650) 0
Advances to Tremont Mortgage Trust under the credit agreement 0 (14,220) 0
Repayments from Tremont Mortgage Trust under the credit agreement 0 14,220 0
Net cash used in investing activities (5,920) (14,734) (648)
Cash Flows from Financing Activities:      
Distributions to noncontrolling interest (32,939) (55,975) (59,490)
Distributions to common shareholders (24,789) (22,727) (16,169)
Repurchase of common shares (523) (827) (987)
Payments under tax receivable agreement (2,111) (2,266) (2,962)
Net cash used in financing activities (60,362) (81,795) (79,608)
Effect of exchange rate fluctuations on cash and cash equivalents 0 (85) (6)
Increase in cash and cash equivalents 11,215 101,600 148,208
Cash and cash equivalents at beginning of period 358,448 256,848 108,640
Cash and cash equivalents at end of period 369,663 358,448 256,848
Supplemental Cash Flow Information and Non-Cash Activities:      
Income taxes paid 10,189 29,620 37,653
Fair value of share based payments recorded 4,912 6,461 7,421
Recognition of right of use assets and related lease liabilities $ 40,765 $ 0 $ 0