2019 Q4 Form 10-K Financial Statement

#000156459020006591 Filed on February 26, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $21.11M $26.02M $30.05M
YoY Change -18.87% -19.88% 85.11%
Cost Of Revenue $5.606M $6.772M $6.395M
YoY Change -17.21% 20.92% 1.66%
Gross Profit $15.50M $19.24M $23.66M
YoY Change -19.45% -28.38% 138.01%
Gross Profit Margin 73.44% 73.97% 78.72%
Selling, General & Admin $4.292M $4.583M $5.260M
YoY Change -6.35% -16.06% -2.95%
% of Gross Profit 27.69% 23.82% 22.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $707.3K $863.5K $849.5K
YoY Change -18.09% -20.78% -32.37%
% of Gross Profit 4.56% 4.49% 3.59%
Operating Expenses $4.999M $5.447M $6.585M
YoY Change -8.22% -16.97% -1.43%
Operating Profit $10.45M $13.91M $17.88M
YoY Change -24.92% -11.08% 404.39%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $10.50M $13.80M $17.07M
YoY Change -23.88% -29.46% 423.64%
Income Tax $55.22K -$117.3K -$809.8K
% Of Pretax Income 0.53% -0.85% -4.74%
Net Earnings $10.45M $13.91M $17.88M
YoY Change -24.92% -11.09% 404.39%
Net Earnings / Revenue 49.49% 53.48% 59.51%
Basic Earnings Per Share
Diluted Earnings Per Share $171.7K $231.3K $298.5K
COMMON SHARES
Basic Shares Outstanding 0.000 0.000
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.31M $32.00M $24.97M
YoY Change 32.2% -54.02% -29.86%
Cash & Equivalents $42.31M $32.00M $24.97M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $49.70M $39.00M $32.90M
YoY Change 27.44% -48.75% -23.31%
LONG-TERM ASSETS
Property, Plant & Equipment $61.56M $64.60M $65.34M
YoY Change -4.7% -15.77% -33.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $86.98M $76.53M $871.5M
YoY Change 13.65% 93.22% 2438.18%
Other Assets $1.232M $1.665M $1.187M
YoY Change -26.0% -30.65% -59.06%
Total Long-Term Assets $979.5M $943.7M $968.3M
YoY Change 3.79% -5.03% -4.16%
TOTAL ASSETS
Total Short-Term Assets $49.70M $39.00M $32.90M
Total Long-Term Assets $979.5M $943.7M $968.3M
Total Assets $1.029B $982.7M $1.001B
YoY Change 4.73% -8.14% -4.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.83K $0.00 $0.00
YoY Change -100.0% -100.0%
Accrued Expenses $7.359M $0.00 $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $161.1M $0.00 $0.00
YoY Change
Total Short-Term Liabilities $149.4M $193.8M $36.00M
YoY Change -22.91% 1046.75% 126.42%
LONG-TERM LIABILITIES
Long-Term Debt $415.1M $568.8M $600.9M
YoY Change -27.02% -11.67% -8.64%
Other Long-Term Liabilities $1.600M $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $415.1M $568.8M $600.9M
YoY Change -27.02% -11.78% -8.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.4M $193.8M $36.00M
Total Long-Term Liabilities $415.1M $568.8M $600.9M
Total Liabilities $592.8M $583.9M $618.4M
YoY Change 1.53% -11.75% -8.36%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $436.3M $398.8M $382.8M
YoY Change
Total Liabilities & Shareholders Equity $1.029B $982.7M $1.001B
YoY Change 4.73% -8.14% -4.94%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $10.45M $13.91M $17.88M
YoY Change -24.92% -11.09% 404.39%
Depreciation, Depletion And Amortization $707.3K $863.5K $849.5K
YoY Change -18.09% -20.78% -32.37%
Cash From Operating Activities $5.167M $7.668M $10.08M
YoY Change -32.63% 93.16% 103.17%
INVESTING ACTIVITIES
Capital Expenditures -$38.62K -$36.64K -$66.34K
YoY Change 5.4% -75.57% -39.69%
Acquisitions
YoY Change
Other Investing Activities $9.367M $41.70M $22.51M
YoY Change -77.54% 22.33% -334.23%
Cash From Investing Activities $9.329M $41.66M $22.45M
YoY Change -77.61% 22.76% -331.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.66M -41.74M -34.68M
YoY Change -69.66% 859.47% -266.98%
NET CHANGE
Cash From Operating Activities 5.167M 7.668M 10.08M
Cash From Investing Activities 9.329M 41.66M 22.45M
Cash From Financing Activities -12.66M -41.74M -34.68M
Net Change In Cash 1.832M 7.596M -2.151M
YoY Change -75.88% -77.36% -113.44%
FREE CASH FLOW
Cash From Operating Activities $5.167M $7.668M $10.08M
Capital Expenditures -$38.62K -$36.64K -$66.34K
Free Cash Flow $5.205M $7.705M $10.14M
YoY Change -32.44% 87.02% 100.07%

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49118433
CY2019 atax Payment Of Distributions To Partners
PaymentOfDistributionsToPartners
35336852
CY2018 atax Payment Of Distributions To Partners
PaymentOfDistributionsToPartners
36161829
CY2018 atax Repurchase Of Beneficial Unit Certificates
RepurchaseOfBeneficialUnitCertificates
1697613
CY2018 atax Proceeds From Issuance Of Common Stock Gross
ProceedsFromIssuanceOfCommonStockGross
2033731
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
40703
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1581423
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
363987
CY2018 us-gaap Interest Paid Net
InterestPaidNet
23534203
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
340374
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
180476
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
8215176
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
23200000
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
52708000
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
45659200
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
67048800
CY2019 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-22199
CY2018 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
19213
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1240095
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
649561
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31269802
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-113098572
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
9917370
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-38314718
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33268611
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
71583329
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
43185981
CY2019 us-gaap Interest Paid Net
InterestPaidNet
22084197
CY2019 atax Distributions Declared But Not Paid For Beneficial Unit Certificates And General Partner
DistributionsDeclaredButNotPaidForBeneficialUnitCertificatesAndGeneralPartner
7607984
CY2018 atax Distributions Declared But Not Paid For Beneficial Unit Certificates And General Partner
DistributionsDeclaredButNotPaidForBeneficialUnitCertificatesAndGeneralPartner
7576167
CY2019 atax Distributions Declared But Not Paid For Series A Preferred Units
DistributionsDeclaredButNotPaidForSeriesAPreferredUnits
708750
CY2018 atax Distributions Declared But Not Paid For Series A Preferred Units
DistributionsDeclaredButNotPaidForSeriesAPreferredUnits
708750
CY2018 us-gaap Contribution Of Property
ContributionOfProperty
2879473
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
43673
CY2019 atax Deferred Financing Costs Financed Through Accounts Payable
DeferredFinancingCostsFinancedThroughAccountsPayable
73724
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43185981
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33268611
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates in Preparation of Consolidated Financial Statements</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the accompanying consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires the Partnership to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.&nbsp;&nbsp;The most significant estimates and assumptions include those used in determining: (i) the fair value of MRBs and Public Housing Capital Fund Trusts Certificates (&#8220;PHC Certificates&#8221;); (ii) investment impairments; (iii) impairment of real estate assets; and (iv) allowances for loan losses.</p>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Partnership maintains the majority of its unrestricted cash balances at three financial institutions.&#160;&#160;The balances insured by the Federal Deposit Insurance Corporation are equal to $250,000 at each institution.&#160;&#160;At various times the cash balances have exceeded the $250,000 limit.&#160;&#160;The Partnership is also exposed to risk on its short-term investments in the event of non-performance by counterparties.&#160;&#160;The Partnership does not anticipate any non-performance.&#160;&#160;This risk is minimized significantly by the Partnership&#8217;s short-term investment portfolio being restricted to investment grade securities.</p>
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Reclassification</p> <p style="text-align:justify;Background-color:#FFFFFF;margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain prior year amounts have been reclassified for consistency with the current period presentation. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="text-align:justify;margin-top:2pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the year ended December 31, 2019, the Partnership is reporting the amortization of deferred financing costs within &#8220;Interest expense&#8221; on the Partnership&#8217;s consolidated statements of operations.&nbsp;&nbsp;Previously, &#8220;Amortization of deferred financing costs&#8221; had been reported as a separate expense line item on the Partnership&#8217;s consolidated statement of operations.&nbsp;&nbsp;Accordingly, for the year ended December 31, 2018, the Partnership has included the amortization of deferred financing costs expense within &#8220;Interest expense&#8221; in conformity with the current reporting period presented herein. This reclassification has no effect on the Partnership&#8217;s reported &#8220;Net income&#8221; or &#8220;Partners&#8217; capital&#8221; in the Partnership&#8217;s consolidated financial statements for the periods presented.</p>
CY2019Q4 atax Remaining Commitments To Equity Investment Maximum
RemainingCommitmentsToEquityInvestmentMaximum
5414338
CY2019 us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
12541852
CY2018 us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
9262127
CY2019 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
35871041
CY2018 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
7424879
CY2019 us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
32662003
CY2018 us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
5001702
CY2019Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2019Q4 atax Partners Capital Account Fixed Rate
PartnersCapitalAccountFixedRate
0.030
CY2019 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.5000
CY2018 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.5000
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2019Q4 atax Number Of Variable Interest Entities
NumberOfVariableInterestEntities
17
CY2018Q4 atax Number Of Variable Interest Entities
NumberOfVariableInterestEntities
17
CY2019Q4 atax Available For Sale Security And Property Loan Receivable Maximum Exposure
AvailableForSaleSecurityAndPropertyLoanReceivableMaximumExposure
117436864
CY2018Q4 atax Available For Sale Security And Property Loan Receivable Maximum Exposure
AvailableForSaleSecurityAndPropertyLoanReceivableMaximumExposure
136692941
CY2019Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
19250000
CY2018Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
41708000
CY2019Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
679679604
CY2018Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
677698116
CY2019Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
3174
CY2019Q4 atax Property Loan Receivable Gross
PropertyLoanReceivableGross
15392908
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7393814
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
7999094
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7393814
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2019Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2690076
CY2018Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
353862
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
397823
CY2019Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
10911
CY2018Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
626633
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1383237
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1409895
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1673242
CY2019Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1641099
CY2018Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2081258
CY2019Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
93834
CY2018Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
230631
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2529982
CY2018Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2956368
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2270348
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2138783
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
1583492
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
2086475
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
135812
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
136366
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
139091
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
141871
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
144706
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4517273
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5215119
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3076336
CY2018 atax Number Of Unscheduled Paydowns
NumberOfUnscheduledPaydowns
3
CY2019Q4 atax Debt Financing Current Maturities
DebtFinancingCurrentMaturities
121117504
CY2019Q4 atax Debt Financing Maturities Repayment Of Principal In Year Two
DebtFinancingMaturitiesRepaymentOfPrincipalInYearTwo
5326861
CY2019Q4 atax Debt Financing Maturities Repayments Of Principal In Year Three
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearThree
18496986
CY2019Q4 atax Debt Financing Maturities Repayments Of Principal In Year Four
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearFour
5896946
CY2019Q4 atax Debt Financing Maturities Repayments Of Principal In Year Five
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearFive
15472867
CY2019Q4 atax Debt Financing Maturities Repayments Of Principal After Year Five
DebtFinancingMaturitiesRepaymentsOfPrincipalAfterYearFive
372276815
CY2019Q4 atax Debt Financing Carrying Value
DebtFinancingCarryingValue
538587979
CY2019Q4 atax Debt Unamortized Deferred Financing Costs And Premium
DebtUnamortizedDeferredFinancingCostsAndPremium
2390558
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
26802246
CY2019Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0474
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
27454375
CY2018Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0496
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
10911
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
626633
CY2019Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
34900000
CY2016Q1 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1000000
CY2016Q2 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1386900
CY2016Q3 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1000000
CY2016Q4 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
700000
CY2017Q1 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1613100
CY2017Q3 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
2000000
CY2017Q4 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1750000
CY2019 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
9450000
CY2018 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
9450000
CY2016Q1 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
10000000
CY2016Q2 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
13869000
CY2016Q3 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
10000000
CY2016Q4 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
7000000
CY2017Q1 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
16131000
CY2017Q3 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
20000000
CY2017Q4 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
17500000
CY2019 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
94500000
CY2018 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
94500000
CY2016Q1 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q2 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q3 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q4 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2017Q1 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2017Q3 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2017Q4 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q2 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q3 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2017Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2017Q3 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2017Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q1 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-03
CY2016Q2 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-05
CY2016Q3 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-09
CY2016Q4 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-12
CY2017Q1 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2023-03
CY2017Q3 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2023-08
CY2017Q4 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2023-10
CY2019 atax Reimbursement Of Franchise Margin Taxes Paid On Behalf Of Unconsolidated Entities
ReimbursementOfFranchiseMarginTaxesPaidOnBehalfOfUnconsolidatedEntities
131000
CY2018 atax Reimbursement Of Franchise Margin Taxes Paid On Behalf Of Unconsolidated Entities
ReimbursementOfFranchiseMarginTaxesPaidOnBehalfOfUnconsolidatedEntities
77000
CY2019 atax Rate For Administration Fees
RateForAdministrationFees
0.0045
CY2019Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
116000
CY2018Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
77000
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
301000
CY2018Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
330000
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
818340970
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
782862049
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2019 us-gaap Depreciation
Depreciation
3088117
CY2018 us-gaap Depreciation
Depreciation
3488058
CY2019Q1 atax Revenue And Other Income
RevenueAndOtherIncome
17664598
CY2019Q2 atax Revenue And Other Income
RevenueAndOtherIncome
14346334
CY2019Q3 atax Revenue And Other Income
RevenueAndOtherIncome
25341629
CY2019Q4 atax Revenue And Other Income
RevenueAndOtherIncome
21107249
CY2019Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6451813
CY2019Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3886190
CY2019Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
9707903
CY2019Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
10446245
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6451813
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3886190
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
9707903
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
10446245
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.08
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.05
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.13
CY2019Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.16
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.05
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.13
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.16
CY2018Q1 atax Revenue And Other Income
RevenueAndOtherIncome
16458034
CY2018Q2 atax Revenue And Other Income
RevenueAndOtherIncome
15785165
CY2018Q3 atax Revenue And Other Income
RevenueAndOtherIncome
30052544
CY2018Q4 atax Revenue And Other Income
RevenueAndOtherIncome
26015349
CY2018Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6004304
CY2018Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3338121
CY2018Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
17883055
CY2018Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
13914049
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6004304
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3338121
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
17883055
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
13914049
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.09
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.04
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.25
CY2018Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.22
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.25
CY2018Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.22

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