ATEL CAPITAL EQUIPMENT FUND VII LP

CIK:0001019542|SEC Filings

Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Statements of Operations - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Leasing activities:
Operating leases	$ 572	$ 618	$ 1,723	$ 1,831
(Loss) gain on sales of assets	(1)	3	5	48
Other	49	3	49	4
Total revenues	620	624	1,777	1,883
Expenses:
Depreciation of operating lease assets	42	33	126	101
Cost reimbursements to General Partner	96	43	321	138
Equipment and incentive management fees to General Partner	23	15	66	43
Railcar and equipment maintenance	170	260	653	638
Professional fees	15	42	99	122
Insurance	27	47	87	113
Outside services	23	19	76	70
Other management fees	24	25	72	73
Equipment storage	22	8	62	16
Franchise fees and state taxes		19		76
Freight and shipping	4	6	16	15
(Reversal of) provision for credit losses	(2)	1	(8)	(4)
Property taxes		1	6	8
Postage	2		10	7
Printing and photocopying	5		16	16
Other	(125)	29	(74)	87
Total expenses	326	548	1,528	1,519
Net income	$ 294	$ 76	$ 249	$ 364
Net income:
General Partner
Limited Partners	$ 294	$ 76	$ 249	$ 364
Net income	$ 294	$ 76	$ 249	$ 364
Net income per Limited Partnership Unit	$ 0.02	$ 0.01	$ 0.02	$ 0.02
Weighted average number of Units outstanding	14,985,550	14,985,550	14,985,550	14,985,550

Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Statements of Cash Flows - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net income	$ 294	$ 76	$ 249	$ 364
Adjustments to reconcile net (loss) income to cash provided by operating activities:
Loss (gain) on sales of assets	1	(3)	(5)	(48)
Depreciation of operating lease assets	42	33	126	101
(Reversal of) provision for credit losses	(2)	1	(8)	(4)
Changes in operating assets and liabilities:
Accounts receivable	(1)	(2)	36	11
Prepaid expenses and other assets	(39)	(4)	(38)	1
Accounts payable, General Partner	(76)	(43)	(58)	(147)
Accounts payable, Other	(215)	23	(237)	(45)
Unearned lease income	10	7	10	6
Net cash provided by operating activities	14	88	75	239
Investing activities:
Proceeds from sales of lease assets	6	9	18	147
Net cash provided by investing activities	$ 6	$ 9	$ 18	$ 147
Financing activities:
Net cash provided by financing activities
Net increase in cash and cash equivalents	$ 20	$ 97	$ 93	$ 386
Cash and cash equivalents at beginning of period	334	1,951	261	1,662
Cash and cash equivalents at end of period	354	$ 2,048	354	2,048
Supplemental disclosures of cash flow information:
Cash paid during the period for taxes	$ 1		$ 27	$ 74

Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 354	$ 261
Accounts receivable, net of allowance for doubtful accounts of $0 as of September 30, 2015 and $8 as of December 31, 2014	158	186
Investments in equipment and leases, net of accumulated depreciation of $32,916 as of September 30, 2015 and $32,996 as of December 31, 2014	5,239	5,378
Prepaid expenses and other assets	55	17
Total assets	5,806	5,842
Accounts payable and accrued liabilities:
General Partner	56	114
Other	89	326
Unearned operating lease income	36	26
Total liabilities	$ 181	$ 466
Commitments and contingencies
Partners' capital:
General Partner
Limited Partners	$ 5,625	$ 5,376
Total Partners' capital	5,625	5,376
Total liabilities and Partners' capital	$ 5,806	$ 5,842