ATEL CAPITAL EQUIPMENT FUND VIII LLC

CIK:0001069152|SEC Filings

Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Statements of Income - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Leasing activities:
Operating leases	$ 804	$ 900	$ 2,455	$ 2,619
Direct financing leases				3
Gain on sales of lease assets	61	112	140	184
Other revenue			1
Total revenues	865	1,012	2,596	2,806
Expenses:
Depreciation of operating lease assets	14	71	90	222
Amortization of initial direct costs	1	1	2	1
Asset management fees to Managing Member	33	36	101	100
Vessel maintenance	1		1	21
Railcar maintenance	63	118	280	403
Cost reimbursements to Managing Member and/or affiliates	104	65	337	198
Other management fees	22	34	71	83
Railcar storage fees	(5)	6	9	25
Professional fees	13	21	99	93
Outside services	23	15	94	67
Insurance	11	10	31	31
Provision for credit losses	47	7	41	7
Taxes on income and franchise fees	2	5	3	15
Printing and photocopying	5	4	19	8
Freight and shipping		3	5	18
Brokerage fees	1	2	5	6
Bank charges	2	3	6	6
Dues & subscriptions	2		5
Property taxes	1		7	1
Other	17	19	59	58
Total expenses	357	420	1,265	1,363
Net income	508	592	1,331	1,443
Net income:
Managing Member
Other Members	508	592	1,331	1,443
Net income	$ 508	$ 592	$ 1,331	$ 1,443
Net income per Limited Liability Company Unit (Other Members)	$ 0.04	$ 0.04	$ 0.10	$ 0.11
Weighted average number of Units outstanding	13,560,188	13,560,188	13,560,188	13,560,188

Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Statements of Cash Flows - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Operating activities:
Net income	$ 508	$ 592	$ 1,331	$ 1,443
Adjustment to reconcile net income to cash provided by operating activities:
Gain on sales of lease assets	(61)	(112)	(140)	(184)
Depreciation of operating lease assets	14	71	90	222
Amortization of initial direct costs	1	1	2	1
Provision for credit losses	47	7	41	7
Changes in operating assets and liabilities:
Accounts receivable	(48)	5	24	(6)
Prepaid expenses and other assets	(22)	(22)	(10)	(8)
Accounts payable, Managing Member		43	(163)	(95)
Accounts payable, other	1	9	(3)	(85)
Unearned operating lease income	(14)		(12)	5
Net cash provided by operating activities	426	594	1,160	1,300
Investing activities:
Proceeds from sales of lease assets	124	176	255	322
Principal payments received on direct financing leases				3
Payments of initial direct costs		(15)		(15)
Net cash provided by investing activities	124	161	255	310
Net increase in cash and cash equivalents	550	755	1,415	1,610
Cash and cash equivalents at beginning of period	1,830	866	965	11
Cash and cash equivalents at end of period	$ 2,380	$ 1,621	2,380	1,621
Supplemental disclosures of cash flow information:
Cash paid during the period for taxes			$ 9	$ 13

Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 2,380	$ 965
Accounts receivable, net	347	412
Prepaid expenses and other assets	42	32
Investments in equipment and leases, net	3,259	3,466
Total assets	6,028	4,875
Accounts payable and accrued liabilities:
Managing Member	37	200
Other	53	56
Unearned operating lease income	57	69
Total liabilities	147	325
Commitments and contingencies
Members' capital:
Managing Member
Other Members	5,881	4,550
Total Members' capital	5,881	4,550
Total liabilities and Members' capital	$ 6,028	$ 4,875