America first multifamily investors, l.p. (ATAX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

30,492

41,139

30,662

23,783

26,606

15,029

17,976

4,996

-1,673

-604

-

Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (loss)

-

-

-

-

-

-

-

-

-

-

23,827

Depreciation and amortization expense

3,091

3,556

5,212

6,862

6,505

-

-

-

-

-

6,067

Depreciation and amortization expense

-

-

-

-

-

5,837

6,742

6,386

5,691

5,062

-

Provision for credit loss

-

-

295

-

-

75

168

0

952

0

1,401

Gain on sale of real estate assets, net

-

4,051

17,753

14,072

4,599

-

-

-

-

-

-

Gain on sale of investment in an unconsolidated entity

16,141

2,904

-

-

-

-

-

-

-

-

-

Gain on mortgage revenue bonds - redemption

-

-

-

-

-

3,701

-

680

-

-

-

Provision for loss from receivables

-

-

-

-

-

-

241

452

-

2,528

0

Bond discount accretion

-

-

-

-

-

-

-

399

481

464

0

Gain on sale of MF Property

-

-

-

-

-

-

-

-

-

0

-

Gain on the sale of bonds

-

-

-

-

-

-

-

-

0

0

-

Gain on the sale of discontinued operations

-

-

-

-

3,212

-

3,177

1,406

0

-

-

Contingent interest realized on investing activities

3,045

9,322

2,927

1,379

4,756

40

-

-

-

-

-

Gain on sale of securities

-

-

-

8

-

-

-

-

-

-

-

Contingent interest realized from Consolidated VIEs in 2015, Ashley Square in 2014 and upon the sale of the Iona Lakes mortgage revenue bond in 2013

-

-

-

-

-

-

6,497

0

309

-

-

Note interest income realized from the sale of Fairmont Oaks, Consolidated VIE

-

-

-

-

1,454

-

-

-

-

-

-

Gain on sale of securities

-

-

-

-

-

3,701

-

-

-

-

-

Impairment of securities

-

1,141

761

-

-

-

-

-

-

-

-

Impairment charge on real estate assets

75

150

-

61

-

-

-

-

-

-

-

Provision for loan loss

-

-

-

-

-

-

-

0

4,242

562

0

(Gain) loss on derivatives, net of cash paid

-615

856

170

17

-1,802

-1,282

-283

-944

-2,083

571

-830

Restricted unit compensation expense

3,636

1,822

1,615

833

-

-

-

-

-

-

-

Bond premium/discount amortization

-135

-67

-

-

-

-

-

-

-

-

-

Debt premium amortization

-18

-

-320

-153

238

-181

-332

-

-

-

-

Amortization of deferred financing costs

1,713

1,673

2,324

1,862

1,622

1,183

-

-

-

-

-

Deferred income tax expense & income tax payable/receivable

-29

-957

-400

366

-

-

-

-

-

-

-

Change in preferred return receivable from unconsolidated entities, net

2,246

3,498

2,922

718

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Realized loss on taxable property loan

-

-

-

-

-

-

-4,557

-

-

-

-

Mortgage Loans on Real Estate, Write-down or Reserve, Amt

-

-

-

-

-

-

-

0

0

-

-

Gain on bond retirement and asset sold

-

-

-

-

-

-

-

-

463

0

862

Gain on asset sold

-

-

-

-

-

-

-

-

-

-

0

Debt forgiveness

-

-

-

-

-

-

-

-

-

-

0

Gains (Losses) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

435

0

Gain on foreclosure

-

-

-

-

-

-

-

-

104

0

-

Gain on sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-26,514

Increase in interest receivable

420

470

-442

1,762

2,452

1,074

2,464

1,090

1,265

2,740

223

(Increase) decrease in other assets

-672

870

-245

112

416

24

2,257

1,506

-1,137

1,213

3,902

Increase (decrease) in accounts payable and accrued expenses

-264

-818

73

-251

-496

-942

-1,009

-214

419

76

-961

Net cash provided by operating activities

17,994

25,665

17,139

15,231

19,387

17,444

14,232

7,482

10,229

2,200

-339

Cash flows from investing activities:
Capital expenditures

126

532

441

635

3,282

23,798

13,007

8,029

14,081

1,641

1,989

Assets purchased - held for sale

-

-

-

-

-

-

-

-

-

-

-2,649

Decrease (increase) in restricted cash

-

-

-

-

-

-

-

-

-

-

-22

Restricted cash - debt collateral released (paid)

-

-

-

-

-

-

-

7,247

6,677

-15,409

7,870

Restricted cash - 2014 TEBS financing facility

-

-

-

-

-

-

-

0

-

-

-

Cash released upon foreclosure

-

-

-

-

-

-

-

-

2,235

0

0

Acquisition of partnerships, net of cash acquired

-

-

-

-

-

-

-

5,500

24,779

0

7,886

Acquisition of public housing capital fund trust certificates

-

-

-

-

-

-

-

65,985

0

0

-

Increase in notes receivable

-

-

-

-

-

-

-

-

0

0

-

Restructure and acquisition of interest rate derivative

-

-

-

-

562

1,382

793

0

0

-

-

Proceeds from sale of MF Properties

-

13,450

46,525

45,850

16,196

-

-

7,265

0

16,192

0

Proceeds from sale of land held for development

-

-

3,000

-

-

-

-

-

-

-

-

Proceeds from sale of discontinued operations

-

-

-

-

22,900

-

22,610

10,825

0

0

-

Change in restricted cash - Ohio sale

-

-

-

-

-

-

-

-

2,684

-2,684

-

Change in restricted cash - Greens sale

-

-

-

-

-

-

-

-2,459

0

0

-

Proceeds from sale of mortgage revenue bond

-

-

-

9,295

-

31,791

-

-

11,067

0

-

Proceeds from the sale of MBS Securities

-

-

-

14,997

-

28,606

21,935

31,872

-

-

-

Proceeds from sale of investment in an unconsolidated entity

33,215

11,002

-

-

-

-

-

-

-

-

-

Acquisition of mortgage revenue bonds

19,250

41,708

121,347

130,620

-

-

-

-

-

-

-

Contributions to unconsolidated entities

25,274

38,646

-

-

-

-

-

-

-

-

-

Investment in bonds due to the sale recognition of discontinued operations

-

-

-

-

-

-

-

0

0

-

-

Cash realized from the bond exchange for the Suites on Paseo property

-

-

-

-

514

-

-

0

0

-

0

Acquisition of mortgage revenue bonds

-

-

-

-

188,572

142,794

148,624

28,561

20,917

28,195

19,271

Contributions to unconsolidated entities

-

-

14,096

18,751

-

-

-

-

-

-

-

Acquisition of MF Property

-

-

-

9,867

-

-

-

-

-

-

-

Restricted cash - debt collateral paid

-

-

-

-

-4,815

-6,252

-3,992

-

-

-

-

Restricted cash - debt collateral released

-

-

-

-

7,522

1,699

-

-

-

-

-

Acquisition of taxable bonds

-

-

-

-

-

-

-

0

0

-

-

Proceeds from bond retirement

-

-

-

-

-

-

-

-

-

0

0

Increase (decrease) in restricted cash

-

-

-

-

16

475

-94

70

281

-36

0

Acquisition of taxable mortgage revenue bonds

-

-

-

-

500

-

-

-

-

-

-

Transfer of cash from consolidated VIE upon consolidation

-

-

-

-

-

-

-

-

-

1

0

Principal payments received on taxable loans

-

-

-

-

-

-

-

-

-

0

-

Principal payments received

-

-

-

-

-

-

2,764

970

1,023

547

-

Principal payments received on taxable mortgage revenue bonds

53

979

1,565

551

153

-

-

-

-

-

-

Principal payments received on taxable bonds

-

-

-

-

-

145

-

-

-

-

-

Investment in bonds due to the sale recognition of discontinued operations

-

-

-

-

-

-

27,778

-

-

-

-

Cash received from taxable property loans receivable - Ohio Properties

-

-

-

-

-

-

4,064

-

-

-

-

Change in restricted cash - Greens Property sale

-

-

-

-

-

-

2,546

-

-

-

-

Acquisition of MBS securities

-

-

-

-

-

-

12,629

37,573

0

0

-

Acquisition of taxable bonds

-

-

-

-

-

-

2,918

-

-

-

-

Cash paid for land held for development and deposits on potential purchases

-

2,764

381

100

2,889

-

-

0

0

-

-

Principal payments received on MBSs

-

-

-

-

-

85

-

-

-

-

-

Principal payments received on taxable loans

-

-

-

-

-

-

-

160

4,528

-

-

Cash paid for land held for development and deposits on potentail purchases

-

-

-

-

-

-

1,090

-

-

-

-

Advances on property loans

405

66

2,712

8,414

11,208

710

-

-

-

-

-

Principal payments received on property loans

-

-

-

-

2,958

-

-

-

-

-

-

Principal payments received on property loans and contingent interest

11,413

18,696

2,667

2,806

-

68

-

-

-

-

-

Increase in notes receivable

-

-

-

-

-

-

1,603

191

0

-

-

Proceeds from assets sold

-

-

-

-

-

-

-

-

36

0

0

Transfer of cash to deconsolidated VIE upon deconsolidation

-

-

-

-

-

-

-

-

-5

-88

0

Proceeds from assets held for sale

-

-

-

-

-

-

-

-

-

-

3,512

Proceeds from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

32,000

Investments in other assets

-

-

-

-

-

-

-

-

-

1,115

0

Principal payments received on tax-exempt mortgage revenue bonds

-

-

-

-

-

-

-

-

-

-

212

Net cash provided by investing activities

23,192

49,118

-26,277

-85,245

-138,703

-105,887

-158,421

-97,296

-31,811

-48,549

11,822

Cash flows from financing activities:
Distributions paid

35,336

36,161

33,465

34,245

31,556

30,168

22,238

18,987

15,277

13,574

10,538

Proceeds from the sale of redeemable Series A Preferred Units

-

-

53,631

40,869

-

-

-

-

-

-

-

Payment of offering costs related to the sale of redeemable Series A Preferred Units

-

-

8

86

-

-

-

-

-

-

-

Acquisition of interest rate derivatives

-

-

556

-

-

-

-

-

-

-

-

Repurchase of BUCs

-

1,697

1,466

1,603

-

-

-

-

-

-

-

Proceeds from the sale of BUCs

-

2,033

978

-

-

54,740

51,750

64,009

-

-

-

Proceeds from Issuance of Common Stock

-

2,033

978

-

-

-

-

64,009

-

-

-

Payment of offering costs related to the sale of BUCs

-

40

101

-

-

3,451

3,536

4,005

-

-

-

Payment of tax withholding related to restricted unit awards

1,581

363

400

-

-

-

-

-

-

-

-

Distribution to noncontrolling interest

-

-

76

-

-

-

-

-

-

-

-

Proceeds from debt financing

122,921

238,920

144,100

173,302

293,205

186,815

81,490

74,110

58,599

95,810

55,500

Proceeds from sale of beneficial unit certificates

-

-

-

-

-

-

-

-

0

41,591

-

Principal payments on debt financing

92,811

292,601

81,773

129,465

182,132

98,730

2,164

8,835

14,675

18,858

83,993

Principal payments on other secured financing

-

-

-

7,500

-

-

-

-

-

-

-

Principal borrowing on mortgages payable

-

-

-

7,500

-

22,622

20,697

3,769

0

-

-

Principal payments on mortgages payable

739

8,215

15,952

17,997

8,415

3,056

372

10,893

186

55,742

-

Principal borrowing on unsecured lines of credit

23,200

52,708

80,560

87,487

74,071

-

16,065

0

0

-

-

Principal payments on unsecured lines of credit

45,659

67,048

90,560

44,984

55,149

-

16,065

0

0

-

-

Decrease in security deposit liability related to restricted cash

-22

19

-227

-44

16

475

-94

-

-

-

-

Deferred costs related to future equity raises

-

-

-

-

169

-

-

-

-

-

-

Decrease in liabilities related to restricted cash

-

-

-

-

-

-

-

70

281

-36

-22

Debt financing and other deferred costs

1,240

649

1,467

1,697

2,709

2,927

355

264

338

3,903

550

Sale of LP Interests

-

-

-

-

-

-

-

959

115

0

-

Sale of LP interests - Ohio Properties

-

-

-

-

-

-

-

-

-

-

0

Loan extension payment

-

-

-

-

-

-

-

-

-

246

0

Derivative settlements

-

-

-

-

-

-

-

-

-

-

-238

Acquisition of interest rate cap agreements

-

-

-

-

-

-

-

-

-

2,694

605

Sale of Beneficial Unit Certificates

-

-

-

-

-

-

-

-

-

-

38,887

Net cash used in financing activities

-31,269

-113,098

53,214

71,533

87,158

126,318

125,175

99,932

28,518

42,345

-1,563

Net increase (decrease) in cash, cash equivalents and restricted cash

9,917

-38,314

44,077

1,520

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-32,157

37,875

-19,013

10,118

6,936

-4,003

9,919

Supplemental disclosure of cash flow information:
Cash paid during the period for interest

22,084

23,534

21,558

15,175

-

-

-

-

-

-

-

Cash paid during the period for interest

-

-

-

-

12,866

9,112

6,621

4,437

3,580

2,487

4,431

Cash paid during the period for income taxes

340

180

5,890

4,615

-

-

-

-

-

-

-

Supplemental disclosure of noncash investing and financing activities:
Distributions declared but not paid for BUCs and General Partner

7,607

7,576

8,423

8,017

8,759

7,617

-

-

-

-

-

Distributions declared but not paid for Series A Preferred Units

708

708

692

271

-

-

-

-

-

-

-

Land contributed as investment in an unconsolidated entity

-

2,879

3,091

-

-

-

-

-

-

-

-

Distributions declared but not paid

-

-

-

-

-

-

6,446

5,566

3,911

3,803

2,757

Capital expenditures financed through accounts payable

-

43

72

46

26

137

1,758

2,584

8,949

95

51

Deferred financing costs financed through accounts payable

73

-

90

234

-

-

-

-

-

-

-

Liabilities assumed in the acquisition of MF Property

-

-

-

135

-

-

-

-

-

-

6,506

BUCs surrendered for tax withholding liabilities on restricted units

-

-

-

153

-

-

-

-

-

-

-

Exchange of Suites on Paseo assets held for the Suites on Paseo property

-

-

-

-

42,665

-

-

-

-

-

-

Conversion of Woodland Park mortgage revenue bond to MF Property

-

-

-

-

-

-

15,662

0

0

-

-

Restricted cash released to pay down mortgages payable

-

-

-

-

-

-

2,356

0

0

-

-

Foreclosure of Woodland Park bond

-

-

-

-

-

-

-

0

0

-

-

Deconsolidation of the discontinued operations - noncontrolling interest

-

-

-

-

-

-

2,326

0

0

-

-

Recognition of taxable property loans receivable - discontinued operations

-

-

-

-

-

-

2,086

0

-

-

-

Cash paid for purchase of tax exempt mortgage revenue bond eliminated in consolidation

-

-

-

-

-

-

-

-9,465

0

-

-

Cash paid for purchase of tax exempt mortgage revenue bond eliminated in consolidation

-

-

-

-

-

-

-

-

-

-18,313

0

Cash paid for taxable loan eliminated in consolidation

-

-

-

-

-

-

-

-850

0

-1,236

0

Mortgage Revenue Bonds and Contingent Interest [Member]
Principal payments received

17,268

88,006

52,964

7,630

-

-

-

-

-

-

-

Public housing capital fund trusts [Member]
Principal payments received

6,300

701

5,979

2,014

-

-

-

-

-

-

-