ATEL CAPITAL EQUIPMENT FUND IX LLC

CIK:0001125264|SEC Filings

Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Statements of Income - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Leasing activities:
Operating leases	$ 566	$ 666	$ 1,642	$ 1,628
Gain (loss) on sales of equipment under operating leases	55	(58)	87	39
Other revenue	4		20	17
Total revenues	625	608	1,749	1,684
Expenses:
Depreciation of operating lease assets	82	99	242	269
Asset management fees to Managing Member and/or affiliates	18	18	62	46
Cost reimbursements to Managing Member and/or affiliates	30	29	125	248
Provision for (reversal of) credit losses	27	(21)	89	45
Impairment losses on equipment			239
Amortization of initial direct costs	2	1	3	2
Other management fees	23	27	41	39
Professional fees	38	14	131	87
Outside services	27	28	72	88
Insurance	24	11	48	34
Marine vessel maintenance and other operating costs	256	205	420	220
Railcar and equipment maintenance	26	16	88	88
Income taxes and franchise fees	14	10	51	(3)
Storage fees	5	6	16	26
Postage			4
Printing and photocopying	3	6	12	10
Other	11	27	38	53
Total operating expenses	586	476	1,681	1,252
Other income (loss), net		(1)	1	1
Net income	39	131	69	433
Net income (loss):
Managing Member			73
Other Members	39	131	(4)	433
Net income	$ 39	$ 131	$ 69	$ 433
Net income per Limited Liability Company Unit (Other Members)		$ 0.01		$ 0.04
Weighted average number of Units outstanding	12,055,016	12,055,016	12,055,016	12,055,016

Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Statements of Cash Flows - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Operating activities:
Net income	$ 39	$ 131	$ 69	$ 433
Adjustment to reconcile net income to cash (used in) provided by operating activities:
(Gain) loss on sales of equipment under operating leases	(55)	58	(87)	(39)
Depreciation of operating lease assets	82	99	242	269
Amortization of initial direct costs	2	1	3	2
Provision for (reversal of) credit losses	27	(21)	89	45
Impairment losses on equipment			239
Changes in operating assets and liabilities:
Accounts receivable	46	(230)	(51)	(290)
Due from Managing Member and affiliates	34	(100)	21	(100)
Prepaid expenses and other assets	(100)	(25)	(80)	(20)
Accounts payable, Managing Member and affiliates	12	63	12	21
Other accounts payable and accruals	(168)	18	13	(7)
Unearned operating lease income	32	(9)	39	6
Net cash (used in) provided by operating activities	(49)	(15)	509	320
Investing activities:
Purchases and improvements to operating leases		(162)		(162)
Proceeds from sales of equipment under operating leases	131	44	175	288
Net cash provided by (used in) investing activities	131	(118)	175	126
Financing activities:
Net cash used in financing activities			(977)
Net increase (decrease) in cash and cash equivalents	82	(133)	(293)	446
Cash and cash equivalents at beginning of period	908	1,020	1,283	441
Cash and cash equivalents at end of period	990	887	990	887
Supplemental disclosures of cash flow information:
Cash paid during the year for taxes			51	17
Other Members [Member}
Operating activities:
Net income	$ 39	$ 131	(4)	$ 433
Financing activities:
Distributions to Members			(904)
Managing Member [Member]
Operating activities:
Net income			73
Financing activities:
Distributions to Members			$ (73)

Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 990	$ 1,283
Accounts receivable, net	238	276
Due from Managing Member and affiliates		21
Investment in securities	5	5
Equipment under operating leases, net	2,624	3,198
Prepaid expenses and other assets	159	77
Total assets	4,016	4,860
Accounts payable and accrued liabilities:
Due to Managing Member and affiliates	12
Other	156	143
Deposits due lessees	1	1
Unearned operating lease income	83	44
Total liabilities	252	188
Commitments and contingencies
Members' capital:
Managing Member
Other Members	3,764	4,672
Total Members' capital	3,764	4,672
Total liabilities and Members' capital	$ 4,016	$ 4,860