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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 31,233 $ 36,545
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 489 502
Straight line office rent 47 72
Amortization expense related to other assets 4,708 4,708
Deferred income taxes 1,434 465
Operating expenses paid in The RMR Group Inc. common shares 2,329 2,000
Equity in earnings of investees (727) (579)
Distributions from equity method investment 864 705
Unrealized (gain) loss on equity method investment accounted for under the fair value option (4,720) 762
Changes in assets and liabilities:    
Due from related parties (419) 16,223
Prepaid and other current assets (4,677) 802
Other reimbursable expenses (5,492) (15,332)
Accounts payable and accrued expenses 11,036 1,863
Net cash from operating activities 36,105 48,736
Cash Flows from Investing Activities:    
Purchase of property and equipment (758) (352)
Net cash used in investing activities (758) (352)
Cash Flows from Financing Activities:    
Distributions to noncontrolling interest (16,279) (16,986)
Distributions to common shareholders (12,460) (12,389)
Repurchase of common shares (19) (95)
Net cash used in financing activities (28,758) (29,470)
Increase in cash and cash equivalents 6,589 18,914
Cash and cash equivalents at beginning of period 369,663 358,448
Cash and cash equivalents at end of period 376,252 377,362
Supplemental Cash Flow Information and Non-Cash Activities:    
Income taxes paid 6,266 6,320
Supplemental Schedule of Non-Cash Activities:    
Fair value of share based payments recorded 4,209 658
Recognition of right of use assets and related lease liabilities $ 1,669 $ 39,746