XML 20 R7.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows provided by (used in) operating activities:    
Net income $ 37,860 $ 27,755
Adjustment to reconcile net income to net cash provided by (used in) operating activities:    
(Increase) decrease in the fair value of derivative instruments [1] (17,395) (6,417)
Depreciation and amortization 8,204 9,285
(Recovery) provision for losses on accounts receivable (476) 1,010
Change in deferred taxes 3,601 1,336
Change in weather hedge contracts (3,955) 3,045
Changes in operating assets and liabilities:    
Increase in receivables (62,989) (85,745)
Increase in inventories (7,177) (15,427)
Increase in other assets (5,651) (2,394)
Increase in accounts payable 12,325 14,375
Decrease in customer credit balances (8,987) (15,898)
Increase in other current and long-term liabilities 17,639 17,484
Net cash used in operating activities (27,001) (51,591)
Cash flows provided by (used in) investing activities:    
Capital expenditures (4,680) (3,024)
Proceeds from sales of fixed assets 60 63
Proceeds from sale of propane assets 6,093  
Purchase of investments (303) (4,206)
Acquisitions (37,073) (496)
Net cash used in investing activities (35,903) (7,663)
Cash flows provided by (used in) financing activities:    
Revolving credit facility borrowings 59,341 90,202
Revolving credit facility repayments   (39,014)
Loan issuance   130,000
Term loan repayments (3,250) (92,500)
Distributions (5,939) (6,155)
Unit repurchases (25,272) (12,064)
Customer retainage payments (29) (299)
Payments of debt issue costs (11) (1,273)
Net cash provided by financing activities 24,840 68,897
Net (decrease) increase in cash, cash equivalents, and restricted cash (38,064) 9,643
Cash, cash equivalents, and restricted cash at beginning of period 57,161 5,149
Cash, cash equivalents, and restricted cash at end of period $ 19,097 $ 14,792
[1] Represents the change in value of unrealized open positions and expired options.