XML 13 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows provided by (used in) operating activities:    
Net income $ 12,979 $ 13,539
Adjustment to reconcile net income to net cash provided by (used in) operating activities:    
(Increase) decrease in the fair value of derivative instruments [1] 19,030 17,636
Depreciation and amortization 8,636 8,166
Provision for losses on accounts receivable 649 1,046
Change in deferred taxes (1,591) (1,224)
Change in weather hedge contracts (980) 350
Changes in operating assets and liabilities:    
Increase in receivables (73,590) (115,164)
Increase in inventories (26,805) (28,717)
Decrease (increase) in other assets 704 (2,005)
Increase in accounts payable 11,095 22,366
Decrease in customer credit balances (21,852) (14,700)
Increase in other current and long-term liabilities 11,417 5,966
Net cash used in operating activities (60,308) (92,741)
Cash flows provided by (used in) investing activities:    
Capital expenditures (3,174) (3,095)
Proceeds from sales of fixed assets 185 215
Proceeds from sale of certain assets 0 2,202
Purchase of investments (409) (215)
Acquisitions (2,477) (1,193)
Net cash used in investing activities (5,875) (2,086)
Cash flows provided by (used in) financing activities:    
Revolving credit facility borrowings 51,637 116,298
Term loan repayments (4,000) (4,125)
Distributions (6,118) (5,774)
Unit repurchases (150) (3,596)
Customer retainage payments (452) (5)
Net cash provided by financing activities 40,917 102,798
Net (decrease) increase in cash, cash equivalents, and restricted cash (25,266) 7,971
Cash, cash equivalents, and restricted cash at beginning of period 45,441 14,870
Cash, cash equivalents, and restricted cash at end of period $ 20,175 $ 22,841
[1] Represents the change in value of unrealized open positions and expired options.