ATLO FY 2011 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2011 Earnings

Reported March 12, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$45M	—	$44M	—	1.0%
Op. Income	$18M	—	$17M	—	5.7%
Gross Margin	83.7%	—	80.9%	—	2.8pp
Net Margin	31.2%	—	29.4%	—	1.8pp
EPS (Diluted)	$1.48	—	$1.37	—	8.0%
Free Cash Flow	$21M	—	$16M	—	25.9%

Revenue Flow

Item	Amount
REVENUE	$45M
Cost of Revenue	$7M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$6M
Operating Expenses	$19M
Cost & Expenses	$26M
OPERATING INCOME	$18M
Interest Income	$38M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$5M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$741.7K
EBIT	$18M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$45M
Cost of Revenue	$7M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$6M
Operating Expenses	$19M
Cost & Expenses	$26M
OPERATING INCOME	$18M
Interest Income	$38M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$5M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$741.7K
EBIT	$18M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$741.7K
Stock-Based Compensation	$0
Deferred Income Tax	$570.0K
Other Non-Cash Items	$5M
Change in Working Capital	$1M
OPERATING CASH FLOW	$21M
Capital Expenditure	-$554.1K
Acquisitions (Net)	$0
Purchases of Investments	-$197M
Sales/Maturities of Investments	$164M
Other Investing Activities	-$32M
NET CASH FROM INVESTING	-$65M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$5M
Other Financing Activities	$62M
NET CASH FROM FINANCING	$51M
FREE CASH FLOW	$21M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$57M
Short-Term Investments	$509M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$572M
PP&E (Net)	$11M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$440M
Tax Assets	$0
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$464M
TOTAL ASSETS	$1.0B
Account Payables	$0
Short-Term Debt	$42M
Deferred Revenue	$0
Other Current Liabilities	$819M
TOTAL CURRENT LIABILITIES	$864M
Long-Term Debt	$35M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$885.4K
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$37M
TOTAL LIABILITIES	$901M
Common Stock	$19M
Additional Paid-In Capital	$23M
Retained Earnings	$86M
Treasury Stock	-$2M
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$135M
Minority Interest	$0
TOTAL EQUITY	$135M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$77M
Net Debt	$20M