ATEL CAPITAL EQUIPMENT FUND X LLC

CIK:0001186258|SEC Filings

Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Statements of Operations - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Leasing activities:
Operating leases revenues, net	$ 297	$ 259	$ 880	$ 803
Gain on sales of equipment under operating leases	26	0	148	32
Other revenue	28	1	47	1
Total operating revenues	351	260	1,075	836
Operating expenses:
Depreciation of operating lease assets	34	55	110	133
Asset management fees to Managing Member and/or affiliates	0	19	7	54
Costs reimbursed to Managing Member and/or affiliates	36	37	112	119
Amortization of initial direct costs	1	1	2	2
Impairment losses on equipment	0	0	58	0
Railcar maintenance	113	29	311	85
Professional fees	12	19	153	132
Franchise fees and taxes	3	1	11	6
Outside services	29	31	65	64
Insurance	30	4	33	20
Storage fees	25	35	114	103
Freight and shipping	314	1	333	7
Other expenses	20	22	59	73
Total operating expenses	617	254	1,368	798
(Loss) income from operations	(266)	6	(293)	38
Other (loss) income:
Loss on sales of investment securities	(4)	0	(4)	0
Unrealized (loss) gain on fair value adjustment for investment securities	(262)	0	247	0
Total other (loss) income	(266)	0	243	0
Net (loss) income	(532)	6	(50)	38
Net (loss) income:
Managing Member	0	0	85	119
Other Members	(532)	6	(135)	(81)
Net (loss) income	$ (532)	$ 6	$ (50)	$ 38
Net (loss) income per Limited Liability Company Unit (Other Members)	$ (0.04)	$ 0	$ (0.01)	$ (0.01)
Weighted average number of Units outstanding	13,971,486	13,971,486	13,971,486	13,971,486

Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
Statements of Cash Flows - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Operating activities:
Net (loss) income	$ (50)	$ 38
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:
Gain on sales of equipment under operating leases	(148)	(32)
Loss on sales of investment in securities	4	0
Unrealized gains on fair value adjustment for investment securities	(247)	0
Depreciation of operating lease assets	110	133
Amortization of initial direct costs	2	2
Impairment losses on equipment	58	0
Provision for credit losses	0	141
Changes in operating assets and liabilities:
Accounts receivable	12	(111)
Prepaid expenses and other assets	(40)	69
Accounts payable, Managing Member and affiliates	10	(2)
Accounts payable, other	146	(27)
Unearned operating lease income	9	142
Net cash (used in) provided by operating activities	(134)	353
Investing activities:
Proceeds from sales of investment securities	107	0
Proceeds from sales of equipment under operating leases	942	64
Net cash provided by investing activities	1,049	64
Financing activities:
Net cash used in financing activities	(1,133)	(1,586)
Net decrease in cash and cash equivalents	(218)	(1,169)
Cash and cash equivalents at beginning of period	1,401	2,041
Cash and cash equivalents at end of period	1,183	872
Supplemental disclosures of cash flow information:
Cash paid during the period for taxes	6	12
Managing Member [Member]
Operating activities:
Net (loss) income	85	119
Financing activities:
Distributions to Members	(85)	(119)
Other Members [Member]
Operating activities:
Net (loss) income	(135)	(81)
Financing activities:
Distributions to Members	$ (1,048)	$ (1,467)

Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 1,183	$ 1,401
Accounts receivable, net	21	33
Investment in securities	336	200
Equipment under operating leases, net	2,223	3,222
Prepaid expenses and other assets	81	6
Total assets	3,844	4,862
Accounts payable and accrued liabilities:
Due to Managing Member and/or affiliates	22	12
Other	196	50
Deposits due lessees	1	1
Unearned operating lease income	51	42
Total liabilities	270	105
Commitments and contingencies
Members' capital:
Managing Member	0	0
Other Members	3,574	4,757
Total Members' capital	3,574	4,757
Total liabilities and Members' capital	$ 3,844	$ 4,862