America first multifamily investors, l.p. (ATAX)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Investment income

50,222

51,479

48,225

36,892

34,409

26,606

22,651

11,078

9,187

6,881

4,253

Property revenues

8,081

9,074

13,499

17,404

17,789

14,250

13,115

9,686

10,976

9,106

15,667

Contingent interest income

3,045

9,322

3,147

2,021

4,756

40

6,497

0

309

-

-

Other interest income

851

7,636

4,681

2,660

2,624

856

1,772

150

485

455

106

Gain on sale of MF Properties

-

-

-

-

-

-

-

-

-

-

862

Gain on mortgage revenue bonds - sale and redemption

-

-

-

-

-

-

-

680

445

0

-

Other income

117

3,842

828

-

373

188

250

555

294

0

0

Gains (Losses) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

435

0

Total revenues

62,318

81,355

70,381

58,978

59,953

41,941

44,286

22,151

21,698

16,878

20,889

Expenses:
Real estate operating (exclusive of items shown below)

4,473

5,300

8,228

9,223

10,052

7,796

7,622

6,022

6,758

6,060

10,127

Impairment of securities

-

1,141

761

-

-

-

-

-

-

-

-

Impairment charge on real estate assets

75

150

-

61

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-4,557

0

0

-

-

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

-

-

-

-

-

-

-

0

0

-

-

Provision for loan loss

-

-

-

-

-

-

-

-

4,242

-

-

Provision for credit loss (Note 6)

-

-

-

-

-

75

168

0

952

0

1,401

Provision for loan loss

-

-

-

-

-

-

-

-

-

562

0

Impairment charge

-

-

-

-

-

-

241

452

-

2,528

0

Depreciation and amortization

3,091

3,556

5,212

6,862

6,505

4,897

5,823

4,056

3,963

3,590

6,067

Amortization of deferred financing costs

-

-

2,324

1,862

1,622

1,183

-

-

-

-

-

Interest expense

-24,717

-24,863

-22,155

-15,469

-

-

-

-

-

-

-

Interest expense

-

-

-

-

14,826

11,165

6,990

5,275

5,441

1,887

4,202

General and administrative

15,564

13,082

12,769

10,837

8,660

5,547

4,237

3,512

2,764

2,383

1,997

Total expenses

47,921

48,092

51,452

44,316

41,667

30,666

29,641

19,319

24,124

17,013

23,796

Other Income:
Gain on sales of real estate assets, net

-

4,051

17,753

14,072

4,599

-

-

-

-

-

-

Gain on sale of securities

-

-

-

8

-

-

-

-

-

-

-

Gain on sale of investments in unconsolidated entities

16,141

2,904

-

-

-

-

-

-

-

-

-

Gain on sale of securities

-

-

-

-

-

3,701

-

-

-

-

-

Income before income taxes

30,538

40,218

36,681

28,742

22,884

14,976

-

-

-

-

-

Income tax expense

45

-921

6,019

4,959

-

0

-

-

-

-

-

Income from continuing operations

-

-

-

-

22,884

14,976

14,645

2,832

-2,425

-134

-2,907

Income from discontinued operations (including gain on sale of VIEs of approximately $3.2 million in 2015)

-

-

-

-

3,721

52

3,331

-

-

-

-

Income (loss) from discontinued operations

-

-

-

-

-

-

-

2,163

752

-469

26,734

Net income

-

-

30,662

23,783

26,606

15,029

17,976

4,996

-1,673

-604

23,827

Net income (loss) attributable to noncontrolling interest

-

-

71

-0

-2

-4

261

549

570

-203

-11

Net income

30,492

41,139

30,591

23,784

26,609

15,033

17,714

-

-

-

-

Net income

-

-

30,662

23,783

26,606

-

-

4,996

-1,673

-604

23,827

Redeemable Series A Preferred Unit distributions and accretion

2,871

2,871

1,982

583

-

-

-

-

-

-

-

Net income available to Partners

27,621

38,268

28,608

23,201

26,609

15,033

-

-

-

-

-

Net income (loss) available to Partners allocated to:
Net (loss) income - America First Tax Exempt Investors, L.P.

-

-

-

-

-

-

-

4,446

-2,243

-400

23,838

General Partner

2,102

2,285

2,140

2,992

2,474

1,056

1,416

691

152

28

804

Limited Partners

-

-

-

-

-

-

17,414

5,278

-1,106

2,037

2,538

Unallocated gain of Consolidated VIEs

-

-

-

-

3,721

-635

-1,116

-

-

-

-

Unallocated gain (loss) of Consolidated Property VIEs

-

-

-

-

-

-

-

-1,522

-1,289

-2,466

20,495

Net income (loss) attributable to noncontrolling interest

-

-

71

-0

-2

-4

261

549

570

-203

-11

Net income available to Partners and noncontrolling interest

27,621

38,268

28,680

23,200

26,606

15,029

-

-

-

-

-

Net income available to Partners and noncontrolling interest

27,621

38,268

28,608

23,201

26,609

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

0.34

0.25

0.32

0.09

-0.06

0.09

0.15

Income from discontinued operations (Note 2)

-

-

-

-

-

-

0.08

0.05

0.02

-0.02

0.00

BUC holders' interest in net income per BUC, basic and diluted

0.42

0.60

0.44

0.34

0.34

0.25

0.40

0.14

-0.04

0.07

0.15

Distributions declared, per BUC

-

-

0.50

0.50

0.50

0.50

0.50

-

-

-

-

Weighted average number of BUCs outstanding, basic

60,551

60,028

59,895

60,182

60,252

59,431

-

-

-

-

-

Weighted average number of BUCs outstanding, diluted

60,551

60,028

59,895

60,182

60,252

59,431

-

-

-

-

-

Weighted average number of units outstanding, basic and diluted

-

-

-

-

-

-

43,453

37,367

30,122

27,493

16,661

Beneficial Unit Certificate Holders [Member]
Limited Partners

25,423

35,755

26,293

20,176

-

-

-

-

-

-

-

Restricted Unitholders [Member]
Limited Partners

94

226

174

32

-

-

-

-

-

-

-