SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549-1004
FORM 10-Q
QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended March 31, 2002
Commission File Number 0
Registrant
's telephone number, including area code (727) 573-3800YES X NO
Number of Units at
Title of Each Class March 31, 2002
Units of Limited Partnership
Interest: $1,000 per unit 36,469
DOCUMENTS INCORPORATED BY REFERENCE
Parts I and II, 2001 Form 10
PART I - Financial Information
Item 1. Financial Statements
CYPRESS EQUIPMENT FUND II, LTD.
(a Limited Partnership)
BALANCE SHEETS
March 31, |
December 31, |
|
|
(Unaudited) |
(Audited) |
The accompanying notes are an integral
part of these financial statements.
CYPRESS EQUIPMENT FUND II, LTD.
STATEMENTS OF OPERATIONS
(Unaudited)
FOR THE THREE MONTHS ENDED MARCH 31,
2002 |
2001 |
|
Revenues: Incentive Fees-General Partners General and Administrative: Affiliates Other Interest Expense Depreciation and Amortization Total Operating Expenses Net Income(Loss) Allocation of Net Income(Loss): Limited Partners General Partners Net Income per $1,000 Limited Partnership Unit Outstanding Number of Limited Partnership Units Outstanding |
|
|
The accompanying notes are an integral
part of these financial statements.
CYPRESS EQUIPMENT FUND II, LTD.
STATEMENTS OF CASH FLOWS
(Unaudited)
FOR THE THREE MONTHS ENDED MARCH 31,
2002 |
2001 |
|
Cash Flows from Operating Activities: Increase (Decrease) in Payable to: General Partners Other Net Cash Used In Operating Activities Cash Flows from Investing Activities: Distributions Received Net Cash Provided By Investing Activities Cash Flows from Financing Activities: Distributions to Limited Partners Distributions to General Partners Net Cash Used In Financing Activities Decrease in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Period Cash and Cash Equivalents at End of Period |
|
|
Non-Cash Activities:
Notes Payable in 2002 were increased by $29,623, the amount of Deferred Interest
on Notes Payable.
Notes Payable in 2001 were increased by $27,653, the amount of Deferred Interest
on Notes Payable.
The accompanying notes are an integral
part of these financial statements.
CYPRESS EQUIPMENT FUND II, LTD.
(a Limited Partnership)
NOTES TO FINANCIAL STATEMENTS
(Unaudited)
March 31, 2002
NOTE 1 - ORGANIZATION
Cypress Equipment Fund II, Ltd., (the "Partnership"), a Florida limited partnership, was formed November 13, 1991, for the purpose of acquiring and leasing transportation, manufacturing, industrial and other capital equipment. The Partnership was funded with limited partner capital contributions and commenced operations on June 22, 1992. The Partnership will terminate on December 31, 2015, or sooner, in accordance with the terms of the Limited Partnership Agreement. The Partnership has received Limited and General Partner capital contributions of $36,469,000 and $2,000, respectively.
Cypress Equipment Management Corporation II, a California corporation and a wholly
NOTE 4 - BASIS OF PREPARATION
The unaudited financial statements presented herein have been prepared in accordance with the instructions to Form 10
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
CYPRESS EQUIPMENT FUND II, LTD.
(a Limited Partnership)
March 31, 2002
PART II - Other Information
Item 6. Exhibits and Reports on Form 8
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Cypress Equipment Fund II, Ltd.
RJ Leasing