ATLO FY 2008 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2008 Earnings

Reported March 13, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$55M	—	$55M	—	-0.4%
Op. Income	$7M	—	$15M	—	-50.5%
Gross Margin	67.5%	—	57.2%	—	10.3pp
Net Margin	11.6%	—	20.1%	—	-8.5pp
EPS (Diluted)	$0.67	—	$1.17	—	-42.7%
Free Cash Flow	$13M	—	$9M	—	41.3%

Revenue Flow

Item	Amount
REVENUE	$55M
Cost of Revenue	$18M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$16M
Operating Expenses	$30M
Cost & Expenses	$47M
OPERATING INCOME	$7M
Interest Income	$46M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$845.0K
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$7M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$55M
Cost of Revenue	$18M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$16M
Operating Expenses	$30M
Cost & Expenses	$47M
OPERATING INCOME	$7M
Interest Income	$46M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$845.0K
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$7M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$10M
Change in Working Capital	-$632.1K
OPERATING CASH FLOW	$13M
Capital Expenditure	-$220.1K
Acquisitions (Net)	$0
Purchases of Investments	-$141M
Sales/Maturities of Investments	$156M
Other Investing Activities	-$22M
NET CASH FROM INVESTING	-$7M
Net Debt Issuance	$20M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	-$17M
NET CASH FROM FINANCING	-$7M
FREE CASH FLOW	$13M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$0
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$42M
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$767M
Tax Assets	$6M
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$816M
TOTAL ASSETS	$858M
Account Payables	$0
Short-Term Debt	$40M
Deferred Revenue	$0
Other Current Liabilities	$665M
TOTAL CURRENT LIABILITIES	$708M
Long-Term Debt	$44M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$46M
TOTAL LIABILITIES	$754M
Common Stock	$19M
Additional Paid-In Capital	$23M
Retained Earnings	$62M
Treasury Stock	$0
Accum. Other Comp. Income	-$151.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$104M
Minority Interest	$0
TOTAL EQUITY	$104M
TOTAL LIABILITIES & EQUITY	$858M
Total Debt	$83M
Net Debt	$48M