XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 32,881 $ 31,233
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 478 489
Straight line office rent (151) 47
Amortization expense related to other assets 4,708 4,708
Deferred income taxes 277 1,434
Operating expenses paid in The RMR Group Inc. common shares 1,789 2,329
Equity in earnings of investees 0 (727)
Distributions from equity method investments 208 864
Unrealized loss (gain) on equity method investments accounted for under the fair value option 3,364 (4,720)
Changes in assets and liabilities:    
Due from related parties (10,241) (419)
Prepaid and other current assets (30) (4,677)
Reimbursable accounts payable and accrued expenses 9,782 (5,492)
Accounts payable and accrued expenses 7,266 11,036
Net cash from operating activities 50,331 36,105
Cash Flows from Investing Activities:    
Purchase of property and equipment (610) (758)
Net cash used in investing activities (610) (758)
Cash Flows from Financing Activities:    
Distributions to noncontrolling interest (15,256) (16,279)
Distributions to common shareholders (12,529) (12,460)
Repurchase of common shares (31) (19)
Net cash used in financing activities (27,816) (28,758)
Increase in cash and cash equivalents 21,905 6,589
Cash and cash equivalents at beginning of period 159,835 369,663
Cash and cash equivalents at end of period 181,740 376,252
Supplemental Cash Flow Information and Non-Cash Activities:    
Income taxes paid 4,486 6,266
Fair value of share based payments recorded 2,965 4,209
Recognition of right of use assets and related lease liabilities $ 783 $ 1,669