Annual report pursuant to Section 13 and 15(d)

Condensed Financial Statements of Registrant - Cash Flow Statement (Detail)

v3.20.2
Condensed Financial Statements of Registrant - Cash Flow Statement (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 40,297 $ 43,121
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation, depletion and amortization of long-lived assets 39,301 31,231
Gain on sale of equipment (1,616) (1,909)
Equity-based compensation expense 1,570 957
Equity in net income of subsidiaries (603) (1,337)
Deferred income taxes 3,310 2,997
Changes in operating assets and liabilities:    
Other assets 500 7,986
Accrued expenses and other current liabilities 3,086 2,117
Net cash provided by operating activities, net of acquisitions 105,173 55,274
Cash flows from investing activities:    
Purchases of property, plant and equipment (52,574) (42,479)
Net cash used in investing activities (79,363) (60,225)
Cash flows from financing activities:    
Payment of treasury stock purchase obligation 0 (569)
Proceeds from sale of stock 0 3
Net cash provided by (used in) financing activities 41,887 (13,567)
Net change in cash and cash equivalents 67,697 (18,518)
Cash and cash equivalents:    
Beginning of period 80,619 99,137
End of period 148,316 80,619
Construction Partners Inc    
Cash flows from operating activities:    
Net income 40,297 43,121
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation, depletion and amortization of long-lived assets 463 179
Gain on sale of equipment 0 (1)
Equity-based compensation expense 1,570 957
Equity in net income of subsidiaries (43,712) (45,679)
Deferred income taxes (425) 99
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (183) 771
Other assets (6) 257
Accrued expenses and other current liabilities (965) 1,662
Other liabilities 1,397 311
Net cash provided by operating activities, net of acquisitions (1,564) 1,677
Cash flows from investing activities:    
Purchases of property, plant and equipment (1,189) (755)
Proceeds from sale of equipment 0 1
Investment in subsidiary (17,303) (19,703)
Net cash used in investing activities (18,492) (20,457)
Cash flows from financing activities:    
Change in amounts due to (from) subsidiaries, net 34,150 16,959
Payment of treasury stock purchase obligation 0 (569)
Proceeds from sale of stock 0 3
Net cash provided by (used in) financing activities 34,150 16,393
Net change in cash and cash equivalents 14,094 (2,387)
Cash and cash equivalents:    
Beginning of period 63,947 66,334
End of period $ 78,041 $ 63,947