ATLO FY 2012 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2012 Earnings

Reported March 12, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$46M	—	$45M	—	2.1%
Op. Income	$19M	—	$18M	—	2.5%
Gross Margin	87.3%	—	83.7%	—	3.6pp
Net Margin	31.2%	—	31.2%	—	-0.1pp
EPS (Diluted)	$1.52	—	$1.48	—	2.7%
Free Cash Flow	$21M	—	$21M	—	2.1%

Revenue Flow

Item	Amount
REVENUE	$46M
Cost of Revenue	$6M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$8M
Operating Expenses	$21M
Cost & Expenses	$27M
OPERATING INCOME	$19M
Interest Income	$38M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
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	$984.6K
EBIT	$19M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$46M
Cost of Revenue	$6M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$8M
Operating Expenses	$21M
Cost & Expenses	$27M
OPERATING INCOME	$19M
Interest Income	$38M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
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	$984.6K
EBIT	$19M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$984.6K
Stock-Based Compensation	$0
Deferred Income Tax	-$182.3K
Other Non-Cash Items	$6M
Change in Working Capital	$671.1K
OPERATING CASH FLOW	$22M
Capital Expenditure	-$863.4K
Acquisitions (Net)	$44M
Purchases of Investments	-$224M
Sales/Maturities of Investments	$140M
Other Investing Activities	-$37M
NET CASH FROM INVESTING	-$77M
Net Debt Issuance	-$568.3K
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	$73M
NET CASH FROM FINANCING	$67M
FREE CASH FLOW	$21M
Net Change in Cash	$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$79M
Short-Term Investments	$588M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$675M
PP&E (Net)	$12M
Goodwill	$6M
Intangible Assets	$1M
Long-Term Investments	$511M
Tax Assets	$0
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$543M
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$27M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$35M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$1.1B
Common Stock	$19M
Additional Paid-In Capital	$23M
Retained Earnings	$94M
Treasury Stock	-$2M
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$145M
Minority Interest	$0
TOTAL EQUITY	$145M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$62M
Net Debt	-$18M