ATLO FY 2010 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2010 Earnings

Reported March 10, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$44M	—	$46M	—	-3.7%
Op. Income	$17M	—	$11M	—	54.6%
Gross Margin	80.9%	—	74.3%	—	6.6pp
Net Margin	29.4%	—	19.6%	—	9.7pp
EPS (Diluted)	$1.37	—	$0.95	—	44.2%
Free Cash Flow	$16M	—	$11M	—	47.0%

Revenue Flow

Item	Amount
REVENUE	$44M
Cost of Revenue	$8M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$6M
Operating Expenses	$18M
Cost & Expenses	$27M
OPERATING INCOME	$17M
Interest Income	$37M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$5M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$748.0K
EBIT	$17M
EBITDA	$18M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$44M
Cost of Revenue	$8M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$6M
Operating Expenses	$18M
Cost & Expenses	$27M
OPERATING INCOME	$17M
Interest Income	$37M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$5M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$748.0K
EBIT	$17M
EBITDA	$18M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$748.0K
Stock-Based Compensation	$0
Deferred Income Tax	$439.8K
Other Non-Cash Items	$3M
Change in Working Capital	-$192.3K
OPERATING CASH FLOW	$17M
Capital Expenditure	-$362.5K
Acquisitions (Net)	$0
Purchases of Investments	-$208M
Sales/Maturities of Investments	$155M
Other Investing Activities	-$786.2K
NET CASH FROM INVESTING	-$54M
Net Debt Issuance	$2M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$36M
NET CASH FROM FINANCING	$34M
FREE CASH FLOW	$16M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$41M
PP&E (Net)	$12M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$875M
Tax Assets	$3M
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$922M
TOTAL ASSETS	$963M
Account Payables	$0
Short-Term Debt	$57M
Deferred Revenue	$0
Other Current Liabilities	$744M
TOTAL CURRENT LIABILITIES	$804M
Long-Term Debt	$17M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$842M
Common Stock	$19M
Additional Paid-In Capital	$23M
Retained Earnings	$77M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$121M
Minority Interest	$0
TOTAL EQUITY	$121M
TOTAL LIABILITIES & EQUITY	$963M
Total Debt	$74M
Net Debt	$39M