Annual report pursuant to Section 13 and 15(d)

Condensed Financial Statements of Parent Company - Cash Flow Statement (Details)

v3.21.2
Condensed Financial Statements of Parent Company - Cash Flow Statement (Details) - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:      
Net income $ 20,177 $ 40,297 $ 43,121
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation, depletion, accretion and amortization 49,806 39,301 31,231
Gain on sale of equipment (2,043) (1,616) (1,909)
Unrealized loss (gain) on derivative instruments (3,209) 1,900 565
Equity-based compensation expense 3,549 1,570 957
Equity in net income of subsidiaries (10) (603) (1,337)
Deferred income tax (benefit) expense 3,745 3,310 2,997
Other non-cash adjustments (46) (5) 0
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (1,759) 8,103 993
Other assets (2,928) 500 7,986
Accrued expenses and other current liabilities 3,848 3,086 2,117
Net cash (used in) provided by operating activities 48,500 105,173 55,274
Cash flows from investing activities:      
Purchases of property, plant and equipment (56,332) (52,574) (42,479)
Proceeds from sale of equipment 3,654 3,041 4,456
Net cash used in investing activities (263,412) (79,363) (60,225)
Cash flows from financing activities:      
Payment of treasury stock purchase obligation 0 0 (569)
Proceeds from sale of stock 0 0 3
Net cash provided by (used in) financing activities 123,847 41,887 (13,567)
Net change in cash and cash equivalents (91,065) 67,697 (18,518)
Cash and cash equivalents:      
Beginning of year 148,316 80,619 99,137
End of year 57,251 148,316 80,619
Construction Partners Inc | Parent Company      
Cash flows from operating activities:      
Net income 20,177 40,297 43,121
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation, depletion, accretion and amortization 475 463 179
Gain on sale of equipment 0 0 (1)
Unrealized loss (gain) on derivative instruments (894) 1,397 565
Equity-based compensation expense 3,549 1,570 957
Equity in net income of subsidiaries (25,505) (43,712) (45,679)
Deferred income tax (benefit) expense (451) (425) 99
Other non-cash adjustments 9
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (135) (183) 771
Other assets (2,008) (6) 257
Accrued expenses and other current liabilities 1,001 (965) 1,662
Other liabilities (97) 0 (254)
Net cash (used in) provided by operating activities (3,879) (1,564) 1,677
Cash flows from investing activities:      
Purchases of property, plant and equipment (2,641) (1,189) (755)
Proceeds from sale of equipment 0 0 1
Investment in subsidiary 0 (17,303) (19,703)
Net cash used in investing activities (2,641) (18,492) (20,457)
Cash flows from financing activities:      
Change in amounts due to (from) subsidiaries, net (6,296) 34,150 16,959
Payment of treasury stock purchase obligation 0 0 (569)
Proceeds from sale of stock 0 0 3
Net cash provided by (used in) financing activities (6,296) 34,150 16,393
Net change in cash and cash equivalents (12,816) 14,094 (2,387)
Cash and cash equivalents:      
Beginning of year 78,041 63,947 66,334
End of year $ 65,225 $ 78,041 $ 63,947