| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | |
|---|---|---|---|---|---|---|
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
169,044 | 217,426 | 108,669 | 122,361 | 77,421 | 10,293 | |
Adjustments to reconcile net income to net cash from operating activities: | ||||||
Depreciation and amortization | ||||||
1,017 | 1,248 | 2,038 | 1,768 | 2,117 | 2,446 | |
Straight line office rent | ||||||
-391 | -201 | -250 | -328 | -48 | 70 | |
Amortization expense related to other assets | ||||||
9,416 | 9,416 | 9,416 | 9,416 | 2,999 | 0 | |
Deferred income taxes | ||||||
-3 | 19,815 | 278 | 795 | 0 | 0 | |
Loss on disposition of assets | ||||||
- | - | - | - | - | -136 | |
Operating expenses paid in The RMR Group Inc. common shares | ||||||
4,948 | 4,348 | 1,970 | 933 | 0 | 0 | |
Income (Loss) from Equity Method Investments | ||||||
719 | -578 | -206 | 0 | 115 | 160 | |
Contingent consideration liability | ||||||
0 | -491 | -578 | 0 | 0 | - | |
Tax Receivable Agreement Revaluation | ||||||
0 | 24,710 | 0 | 0 | - | - | |
Dividend income | ||||||
- | - | - | - | 1,259 | 421 | |
Unrealized losses attributable to changes in fair value of stock accounted for under the fair value option | ||||||
- | - | - | - | -290 | -4,556 | |
Distributions from equity method investments | ||||||
549 | 174 | 70 | 0 | 0 | - | |
Equity Method Investment, Other than Temporary Impairment | ||||||
6,213 | 4,359 | 0 | 0 | - | - | |
Unrealized Gain (Loss) On Equity Method Investments, Fair Value Option | ||||||
-4,700 | 0 | 0 | - | - | - | |
Revenues paid in common shares of Managed Equity REITs | ||||||
- | - | - | - | 6,564 | 11,809 | |
Gain on sale of shares | ||||||
- | - | - | - | 15 | 123 | |
Changes in assets and liabilities: | ||||||
Due from related parties | ||||||
64,849 | 3,736 | 366 | 6,298 | -29,166 | -70,098 | |
Account receivable | ||||||
- | - | - | - | -26,229 | 19,486 | |
Prepaid and other current assets | ||||||
2,496 | 3,300 | 2,402 | 1,401 | -3,755 | 951 | |
Other client company reimbursable expenses | ||||||
- | - | - | -26,611 | 0 | 0 | |
Accounts payable and accrued expenses | ||||||
70,003 | 3,142 | 6,385 | -1,562 | 287 | 5,483 | |
Due to related parties | ||||||
- | - | - | - | -32,279 | -28,451 | |
Net cash from operating activities | ||||||
198,214 | 228,470 | 125,936 | 99,729 | 102,080 | 31,681 | |
Purchase of property and equipment | ||||||
702 | 648 | 827 | 1,070 | 1,404 | 1,417 | |
Equity method investment in TravelCenters of America Inc. | ||||||
8,382 | 0 | 0 | 0 | 0 | 825 | |
Equity method investment in Tremont Mortgage Trust | ||||||
5,650 | 0 | 12,002 | - | - | - | |
Advances to Tremont Mortgage Trust under the Credit Agreement | ||||||
14,220 | 0 | 0 | - | - | - | |
Repayments from Tremont Mortgage Trust under the Credit Agreement | ||||||
14,220 | 0 | 0 | - | - | - | |
Purchase of SIR shares | ||||||
- | - | - | - | - | 16,018 | |
Acquisitions | ||||||
- | - | - | 2,479 | 0 | 0 | |
Proceeds from sale of shares | ||||||
- | - | - | - | 2,369 | 2,895 | |
Proceeds from disposal of assets | ||||||
- | - | - | - | 1,335 | 25 | |
Dividends received from investment in REITs | ||||||
- | - | - | - | 1,237 | 380 | |
Purchase of investment in RMR LLC | ||||||
- | - | - | - | 46,386 | 0 | |
Net cash used in investing activities | ||||||
-14,734 | -648 | -12,829 | -3,549 | -42,849 | -14,960 | |
Distributions to noncontrolling interest | ||||||
55,975 | 59,490 | 50,921 | 46,662 | 0 | 0 | |
Distributions to common shareholders | ||||||
22,727 | 16,169 | 16,089 | 17,209 | 0 | 0 | |
Repurchase of common shares | ||||||
827 | 987 | 358 | 91 | 0 | 0 | |
Payments to Related Party, Tax Receivable Agreement | ||||||
2,266 | 2,962 | 2,931 | 905 | 0 | - | |
Loan from Member | ||||||
- | - | - | - | - | 57,000 | |
Payments to Member | ||||||
- | - | - | - | - | 57,000 | |
Proceeds from issuance of common shares | ||||||
- | - | - | - | 57,906 | 0 | |
Members contribution | ||||||
- | - | - | - | - | 110,577 | |
Members distribution | ||||||
- | - | - | - | 224,336 | 0 | |
Net cash used in financing activities | ||||||
-81,795 | -79,608 | -70,299 | -64,867 | -166,430 | 110,577 | |
Effect of exchange rate fluctuations on cash and cash equivalents | ||||||
-85 | -6 | -1 | 23 | -35 | -132 | |
Increase in cash and cash equivalents | ||||||
101,600 | 148,208 | 42,807 | 31,336 | -107,234 | 127,166 | |
Supplemental Cash Flow Information: | ||||||
Interest paid | ||||||
- | - | - | - | - | 144 | |
Income taxes paid | ||||||
29,620 | 37,653 | 27,765 | 25,811 | 217 | 104 | |
Supplemental Schedule of Non-Cash Activities: | ||||||
Fair value of share based payments recorded | ||||||
6,461 | 7,421 | 5,761 | 7,997 | 5,931 | 11,444 | |
Establishment of deferred taxes, net of amounts payable under tax receivable agreement | ||||||
- | - | - | - | 14,407 | 0 | |
Non-cash equity activity | ||||||
- | - | - | - | 60,343 | 0 | |
Establishment of other asset | ||||||
- | - | - | - | 193,806 | 0 | |
Proceeds from the issuance of common shares received in Managed Equity REIT shares | ||||||
- | - | - | - | 121,378 | 0 | |
Purchase of investment in RMR LLC in Managed REIT shares | ||||||
- | - | - | - | -121,378 | 0 | |