XML 39 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Variable Interest Entities (Tables)
9 Months Ended
Jun. 30, 2020
Variable Interest Entities  
Schedule of summary of the consolidated net assets and liabilities

The assets and liabilities of Boston OpCo that are included in our condensed consolidated balance sheets are as follows:

June 30,

September 30,

 

    

2020

    

2019

 

(in thousands)

Cash

$

743

$

347

Restricted cash

1,669

9,967

Other current assets

99

33

Long-term contracts financing receivable

191,042

115,508

Other noncurrent assets

1,419

Total assets

$

193,553

$

127,274

Trade accounts payable

$

175

$

25

Accrued compensation and other current liabilities

150

191

Due to Cubic

11,754

25,143

Other noncurrent liabilities

5,572

21,605

Long-term debt

155,493

61,994

Total liabilities

$

173,144

$

108,958

Total Cubic equity

(583)

(603)

Noncontrolling interests

20,992

18,919

Total liabilities and owners' equity

$

193,553

$

127,274

Schedule of revenue, operating profit, and other income/(expense), net

Boston OpCo’s results of operations included in our Condensed Consolidated Statements of Operations are as follows (in thousands):

Three Months Ended

Nine Months Ended

 

June 30,

June 30,

2020

    

2019

2020

    

2019

Revenue

$

17,585

$

3,233

$

20,632

$

7,519

Operating income

 

17,344

 

2,823

 

19,832

 

6,521

Other income (expense), net

 

(6,888)

 

(7,031)

(19,636)

(16,884)

Interest income

 

1,663

 

1,075

4,871

2,335

Interest expense

 

(1,710)

 

(829)

 

(4,864)

 

(1,939)