ATLO FY 2007 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2007 Earnings

Reported March 14, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$55M	—	$51M	—	7.5%
Op. Income	$15M	—	$14M	—	1.5%
Gross Margin	57.2%	—	58.6%	—	-1.4pp
Net Margin	20.1%	—	21.5%	—	-1.4pp
EPS (Diluted)	$1.17	—	$1.16	—	0.9%
Free Cash Flow	$9M	—	$8M	—	4.2%

Revenue Flow

Item	Amount
REVENUE	$55M
Cost of Revenue	$23M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$7M
Operating Expenses	$17M
Cost & Expenses	$40M
OPERATING INCOME	$15M
Interest Income	$48M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$4M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$842.3K
EBIT	$15M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$55M
Cost of Revenue	$23M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$7M
Operating Expenses	$17M
Cost & Expenses	$40M
OPERATING INCOME	$15M
Interest Income	$48M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$4M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$842.3K
EBIT	$15M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$842.3K
Stock-Based Compensation	$0
Deferred Income Tax	$131.0K
Other Non-Cash Items	-$2M
Change in Working Capital	$342.1K
OPERATING CASH FLOW	$11M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$89M
Sales/Maturities of Investments	$107M
Other Investing Activities	-$34M
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	$17M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	$10M
NET CASH FROM FINANCING	$16M
FREE CASH FLOW	$9M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$0
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$35M
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$804M
Tax Assets	$0
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$827M
TOTAL ASSETS	$862M
Account Payables	$0
Short-Term Debt	$31M
Deferred Revenue	$0
Other Current Liabilities	$690M
TOTAL CURRENT LIABILITIES	$721M
Long-Term Debt	$24M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$31M
TOTAL LIABILITIES	$752M
Common Stock	$19M
Additional Paid-In Capital	$23M
Retained Earnings	$67M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$110M
Minority Interest	$0
TOTAL EQUITY	$110M
TOTAL LIABILITIES & EQUITY	$862M
Total Debt	$55M
Net Debt	$28M