Annual report pursuant to Section 13 and 15(d)

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

v3.24.3
Condensed Financial Statements of Parent Company - Cash Flow Statement (Details) - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:      
Net income $ 68,935 $ 49,001 $ 21,376
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, accretion and amortization 92,920 79,100 65,730
Loss (gain) on sale of equipment (4,483) (7,048) (3,673)
Loss (gain) on derivative instruments 184 342 (382)
Share-based compensation expense 14,412 10,759 8,000
Deferred income tax benefit 22,681 11,165 5,966
Other non-cash adjustments (300) (263) 40
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (13,015) 3,650 (4,912)
Other assets (522) (129) (955)
Accrued expenses and other current liabilities 4,828 2,340 (11,559)
Net cash provided by operating activities 209,079 157,157 16,498
Cash flows from investing activities:      
Purchases of property, plant and equipment (87,930) (97,810) (68,851)
Proceeds from sale of property, plant and equipment 14,059 17,698 7,525
Net cash used in investing activities (307,585) (143,372) (197,326)
Cash flows from financing activities:      
Principal payments on long-term debt (72,813) (103,125) (8,125)
Net cash provided by (used in) financing activities 126,110 (264) 159,136
Net change in cash, cash equivalents and restricted cash 27,604 13,521 (21,692)
Cash, cash equivalents and restricted cash:      
Beginning of year 49,080 35,559 57,251
End of year 76,684 49,080 35,559
Construction Partners Inc | Parent Company      
Cash flows from operating activities:      
Net income 68,935 49,001 21,376
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, accretion and amortization 834 757 757
Loss (gain) on sale of equipment 4 0 (6)
Loss (gain) on derivative instruments 0 0 (1,668)
Share-based compensation expense 14,412 10,759 8,000
Equity in net income of subsidiaries (72,602) (50,899) (24,690)
Deferred income tax benefit 0 0 (248)
Other non-cash adjustments (417) (417) (73)
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 322 1,584 (1,932)
Other assets (517) (256) (593)
Accrued expenses and other current liabilities (666) 646 507
Other liabilities 0 0 (748)
Net cash provided by operating activities 10,305 11,175 682
Cash flows from investing activities:      
Purchases of property, plant and equipment (626) (737) (243)
Proceeds from sale of property, plant and equipment 143 0 6
Investment in subsidiary 0 (29,317) (10,986)
Net cash used in investing activities (483) (30,054) (11,223)
Cash flows from financing activities:      
Change in amounts due to (from) subsidiaries, net 28,171 32,126 (65,622)
Purchase of treasury stock (11,312) (139) (39)
Principal payments on long-term debt (100) (1,828) (420)
Proceeds from issuance of long-term debt, net of debt issuance costs and discount 0 0 54,527
Net cash provided by (used in) financing activities 16,759 30,159 (11,554)
Net change in cash, cash equivalents and restricted cash 26,581 11,280 (22,095)
Cash, cash equivalents and restricted cash:      
Beginning of year 54,410 43,130 65,225
End of year $ 80,991 $ 54,410 $ 43,130