We have been through succession processes for our clients and also collaborate with external advisors whenever necessary. Net income decreased $5 million compared to the prior-year quarter, driven by lower international demand that resulted in lower international soda ash pricing and volume sold.
Through playing sports and games, Right to Play teach children essential life skills that will help them overcome the effects of poverty, conflict and disease so that they can create better futures and drive lasting social change in their communities and beyond. I don't know how that's going to react with the resumption of operations in a number of our properties. And with that, I'll turn the call back over to the operator for questions. So other than what we can glean from talking with our operators. Our employees engaged in financial management outsourcing possess adequate experience from previous executive positions within business administration and audit. And at this time, we can't be certain that Foresight's bankruptcy restructuring plan as currently proposed will be implemented and ultimately approved by the bankruptcy court. And with that, I'll turn the call over to Chris to cover our financial results. Thank you for standing by. Great. Who will be in charge after the process? Great Britain is announcing plans to reopen. We do not believe the amendments to our agreements with Foresight will have a material adverse effect on our financial condition or results of operations. It has familiarized us with telecommuting, contact tracing, and zooming.
The soda ash market has been hit by a significant drop in demand for flat glass, specifically glass used in automobile manufacturing and global soda ash prices have declined approximately 20% since the fall. Good morning all. Good morning. Great. Great Lakes, Midwestern US; 501-1000; Private; nrpgroup.com ; 203,822 ; Recent News & Activity. In addition, NRP Procurator AS can assist real estate owners with financial statements and tax assessments for holding companies, board meetings, budgeting and company documentations. NRP Procurator AS is responsible for business management and company related administration of these funds.As business manager, NRP Procurator AS conducts a wide range of tasks, such as accounting, budgeting, investor relations, arranging board meetings, financial statements and tax returns, dialogue with external accountants, lawyers, lenders and public services, tax and tax assessments, establishing of new entities, capital changes, restructuring, liquidation etc. I'd also like to note that our largest lessee Foresight Energy continues to operate despite filing for bankruptcy in March of 2020. In its bankruptcy filings, Foresight announced its intention to continue to operate the Sugar Camp, Williamson and Hillsboro mining complexes. Now, I would like to turn the call over to Craig Nunez, our President and Chief Operating Officer. Christopher J. Zolas -- Chief Financial Officer and Treasurer. In NRP, the identification and management of ESG considerations are therefore an integral part of delivering investment performance to our investors.We understand responsible investment as an approach to investing that incorporates ESG factors into investment decisions, to better manage risk and to generate sustainable, long-term returns. Thank you, Craig, and good morning, everyone. She has been with NRP since 2011, and has extensive experience as a business manager for a broad range of investment companies. And as I said in the prepared remarks, we would like to reinstate the common distribution in August. Stay safe and healthy. Future generations may be involved in the family business. This requires substantial additional expertise. The company has a long and solid history as AS Procurator was founded in 1983, and NRP in 2000.The company currently consists of more than 60 employees with broad experience and competence within the above-mentioned areas. Frokost serveres fra kl 08:00. NRP Procurator AS was January 28th appointed as a depositary for certain AIFs by the Norwegian FSA. We render what we know best - Financial management services. Our cash flow cushion which is the free cash flow remaining after paying our private placement debt amortizations and distributions on our common and preferred units was $35 million over the same period. GRESB is the global standard for ESG benchmarking and reporting for listed property companies, private property funds, developers and investors that invest directly in real estate. We've seen that China is ahead of us and see how that reopening continues to play out. The services rendered are adjusted to the needs, size and activities of our clients. Their involvement could be implemented by thorough planning. Will Natural Resource Partners Beat These Analyst Estimates? Have a good day. All employees are well qualified within accounting procedures and possess comprehensive and relevant work experience from various business activities. NRP Procurator AS currently holds 10 depositary assignments for different AIF, mainly within shipping and real estate.We have established excellent routines and frameworks to execute these assignments, as well as routines for reporting to the Norwegian FSA.Head of depositary in NRP Procurator AS is Anne Aspelin. We are interested to see what happens to volumes and pricing on the met and thermal side as we get into later this month and end of June and July to see if the reopening of the American -- the US economy. The service includes bookkeeping, remittances, billing of rent and joint costs, settlement of joint costs, running updates on tenants, adjustment of rentals, tax assessments for tenants etc. We remain focused on those things we can control in protecting our business with a clear priority on cash and liquidity in this uncertain industry and global environment. We want to see what happens with our trend in cash flows. We have robust liquidity, consisting of $107 million of cash and $100 million of available borrowing capacity.
Stock Advisor launched in February of 2002.
The company is the result of a merger between NRP Business Management AS and AS Procurator that took place in August 2017. Our corporate and financing segment costs declined $4 million in the first quarter of 2020 compared to the prior-year quarter, primarily due to lower interest expense, as a result of the $93 million of debt we've repaid over the last 12 months. I hope you and your loved ones are safe and healthy. I will now like to turn the conference over to our speaker today, Tiffany Sammis, Investor Relations. In addition, NRP Asset Management AS is a proud participating member of GRESB. NRP's responsible investment policy can be found here In addition, NRP Asset Management AS is a proud participating member of GRESB. We are firmly convinced that the value creation for our investors and the development of a sustainable strategy for our group companies require the introduction of Environmental, Social and Governance ("ESG") guidelines into all the phases of our investment activities (investment, management and divestment). We don't know exactly how deep the trough is going to be or how long the duration is going to be.
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