|
STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
| Operating activities: |
|
|
|
|
| Net income |
$ 506 |
$ 695 |
$ 928 |
$ 799 |
| Adjustment to reconcile net income to cash provided by operating activities: |
|
|
|
|
| Gain on sales of assets |
(20) |
(21) |
(23) |
(211) |
| Depreciation of operating lease assets |
259 |
361 |
571 |
692 |
| Reversal of provision for doubtful accounts |
(18) |
|
(22) |
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Accounts receivable |
54 |
(65) |
29 |
(141) |
| Prepaid expenses and other assets |
(6) |
3 |
(11) |
6 |
| Accounts payable, Managing Member |
(29) |
(71) |
(298) |
118 |
| Accounts payable, affiliates |
|
(2) |
|
(2) |
| Accounts payable, other |
18 |
(377) |
|
(130) |
| Unearned operating lease income |
25 |
(20) |
(9) |
(26) |
| Net cash provided by operating activities |
789 |
503 |
1,165 |
1,105 |
| Investing activities: |
|
|
|
|
| Proceeds from sales of lease assets |
49 |
42 |
61 |
299 |
| Principal payments received on direct financing leases |
41 |
28 |
86 |
55 |
| Purchases and additions to equipment on operating leases |
|
|
|
(460) |
| Net cash provided by (used in) investing activities |
90 |
70 |
147 |
(106) |
| Financing activities: |
|
|
|
|
| Net cash used in financing activities |
|
|
|
|
| Net increase in cash and cash equivalents |
879 |
573 |
1,312 |
999 |
| Cash and cash equivalents at beginning of period |
1,358 |
2,244 |
925 |
1,818 |
| Cash and cash equivalents at end of period |
2,237 |
2,817 |
2,237 |
2,817 |
| Supplemental disclosures of cash flow information: |
|
|
|
|
| Cash paid during the period for taxes |
$ 31 |
$ 32 |
$ 33 |
$ 34 |