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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows provided by (used in) operating activities:    
Net income $ 84,960 $ 57,979
Adjustment to reconcile net income to net cash provided by (used in) operating activities:    
(Increase) decrease in the fair value of derivative instruments [1] 209 3,891
Depreciation and amortization 16,060 13,923
Provision for losses on accounts receivable 3,465 1,525
Change in deferred taxes 27,254 7,121
Changes in operating assets and liabilities:    
Increase in receivables (170,530) (111,631)
(Increase) decrease in inventories (108) 642
(Increase) decrease in other assets (4,486) 796
Increase in accounts payable 8,118 6,797
Decrease in customer credit balances (42,184) (53,873)
Increase in other current and long-term liabilities 16,967 36,954
Net cash used in operating activities (60,275) (35,876)
Cash flows provided by (used in) investing activities:    
Capital expenditures (6,583) (7,786)
Proceeds from sales of fixed assets 132 132
Purchase of investments [2] (34,542) (11,474)
Acquisitions (224) (7,651)
Net cash used in investing activities (41,217) (26,779)
Cash flows provided by (used in) financing activities:    
Revolving credit facility borrowings 160,104  
Revolving credit facility repayments (45,102)  
Term loan repayments (5,000) (11,200)
Distributions (12,604) (11,719)
Unit repurchases (12,023)  
Customer retainage payments (912) (409)
Payments of debt issue costs   (60)
Net cash provided by (used in) financing activities 84,463 (23,388)
Net decrease in cash, cash equivalents, and restricted cash (17,029) (86,043)
Cash, cash equivalents, and restricted cash at beginning of period 52,708 139,188
Cash, cash equivalents, and restricted cash at end of period $ 35,679 $ 53,145
[1] Represents the change in value of unrealized open positions and expired options.
[2] See Note 2 – Captive insurance collateral