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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Cash flows provided by (used in) operating activities:      
Net income $ 87,737 $ 55,918 $ 17,637
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
(Increase) decrease in the fair value of derivative instruments [1] (36,138) 2,755 25,113
Depreciation and amortization 34,457 35,622 33,933
(Recovery) provision for losses on accounts receivable (248) 3,441 9,541
Change in deferred taxes 11,361 (3,544) (5,126)
Other loss, net 0 5,724 0
Changes in operating assets and liabilities net of amounts related to acquisitions:      
(Increase) decrease in receivables (15,171) 34,366 10,137
(Increase) decrease in inventories (11,472) 14,588 (6,306)
Decrease in other assets 1,529 11,627 10,146
Increase (decrease) in accounts payable 6,939 (3,199) (2,918)
Increase in customer credit balances 3,054 14,775 3,615
(Decrease) increase in other current and long-term liabilities (13,171) 3,595 1,610
Net cash provided by operating activities 68,877 175,668 97,382
Cash flows provided by (used in) investing activities:      
Capital expenditures (15,083) (14,127) (11,301)
Proceeds from sales of fixed assets 424 631 1,097
Proceeds from sale of propane assets 6,093 0 0
Purchase of investments (1,052) (10,417) (11,058)
Acquisitions (40,708) (4,228) (60,904)
Net cash used in investing activities (50,326) (28,141) (82,166)
Cash flows provided by (used in) financing activities:      
Revolving credit facility borrowings 75,154 90,202 139,331
Revolving credit facility repayments (66,536) (151,702) (79,331)
Proceeds from term loan 0 130,000 0
Loan repayments (13,000) (99,000) (7,500)
Distributions (23,448) (24,451) (25,593)
Unit repurchases (42,824) (38,431) (51,353)
Customer retainage payments (29) (514) (357)
Payments of debt issuance costs (12) (1,619) (45)
Net cash used in financing activities (70,695) (95,515) (24,848)
Net (decrease) increase in cash, cash equivalents and restricted cash (52,144) 52,012 (9,632)
Cash, cash equivalents and restricted cash at beginning of period 57,161 5,149 14,781
Cash, cash equivalents and restricted cash at end of period $ 5,017 $ 57,161 $ 5,149
[1] Represents the change in value of unrealized open positions and expired options.