ATLO FY 2009 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2009 Earnings

Reported March 10, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$46M	—	$55M	—	-16.0%
Op. Income	$11M	—	$7M	—	57.0%
Gross Margin	74.3%	—	67.5%	—	6.8pp
Net Margin	19.6%	—	11.6%	—	8.0pp
EPS (Diluted)	$0.95	—	$0.67	—	41.8%
Free Cash Flow	$11M	—	$13M	—	-10.4%

Revenue Flow

Item	Amount
REVENUE	$46M
Cost of Revenue	$12M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$4M
Operating Expenses	$23M
Cost & Expenses	$35M
OPERATING INCOME	$11M
Interest Income	$39M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$46M
Cost of Revenue	$12M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$4M
Operating Expenses	$23M
Cost & Expenses	$35M
OPERATING INCOME	$11M
Interest Income	$39M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$50.2K
Other Non-Cash Items	$4M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$11M
Capital Expenditure	-$203.0K
Acquisitions (Net)	$0
Purchases of Investments	-$252M
Sales/Maturities of Investments	$152M
Other Investing Activities	$37M
NET CASH FROM INVESTING	-$63M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	$59M
NET CASH FROM FINANCING	$46M
FREE CASH FLOW	$11M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$44M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$49M
PP&E (Net)	$12M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$818M
Tax Assets	$4M
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$866M
TOTAL ASSETS	$916M
Account Payables	$0
Short-Term Debt	$41M
Deferred Revenue	$0
Other Current Liabilities	$722M
TOTAL CURRENT LIABILITIES	$766M
Long-Term Debt	$17M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$37M
TOTAL LIABILITIES	$803M
Common Stock	$19M
Additional Paid-In Capital	$23M
Retained Earnings	$68M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$112M
Minority Interest	$0
TOTAL EQUITY	$112M
TOTAL LIABILITIES & EQUITY	$916M
Total Debt	$57M
Net Debt	$14M