| Quarter Ended December 31
|
| 1997
| 1996
|
Cash Flows from Operating Activities:
Net income | $3,951 | $2,285 |
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization | 508 | 379 |
| Amortization of discount on senior notes and
deferred finance costs | 208 | 24 |
| Provision for possible losses | 318 | 10 |
| Accretion of discount | (1,666) | (793) |
| Deferred income taxes | 826 | 382 |
| Gain on asset dispositions | (4,740) | (785) |
Change in operating assets and liabilities net of effects from purchase of subsidiaries:
(Increase) decrease in accounts receivable | (3,086) | 316 |
| (Increase) decrease in prepaid expenses and other current assets | (372) | 236 |
| Increase in accounts payable | 367 | 377 |
| Increase in other current liabilities | 1,043
| 409
|
| Net Cash Provided by (Used In) Operating Activities | (2,643) | 2,840 |
Investing Activities:
Acquisition of business, less cash acquired | (997) | - |
| Cost of equipment acquired for lease | (15,972) | (4,411) |
| Capital expenditures | (1,811) | (130) |
| Proceeds from sales or refinancings of assets | 56,305 | 2,323 |
| Increase in notes receivable | (355) | - |
| Payments received in excess of revenue recognized on leases and mortgages | 437 | 76 |
| Increase in other assets | (974) | (1,536) |
| Increase in other long-term liabilities | 1,168 | - |
| Investments in real estate loans | (79,232)
| (28,881)
|
| Net Cash Used In Investing Activities | (41,431) | (32,559) |
