ATLO FY 2013 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2013 Earnings

Reported March 12, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$46M	—	$46M	—	1.4%
Op. Income	$19M	—	$19M	—	-1.7%
Gross Margin	87.3%	—	87.3%	—	-0.0pp
Net Margin	30.2%	—	31.2%	—	-0.9pp
EPS (Diluted)	$1.50	—	$1.52	—	-1.3%
Free Cash Flow	$23M	—	$21M	—	9.1%

Revenue Flow

Item	Amount
REVENUE	$46M
Cost of Revenue	$6M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$8M
Operating Expenses	$22M
Cost & Expenses	$28M
OPERATING INCOME	$19M
Interest Income	$38M
Interest Expense	$5M
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	$1M
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	$14M
SG&A Expenses	$14M
Other Expenses	$8M
Operating Expenses	$22M
Cost & Expenses	$28M
OPERATING INCOME	$19M
Interest Income	$38M
Interest Expense	$5M
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	$1M
EBIT	$19M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	-$420.1K
Other Non-Cash Items	$7M
Change in Working Capital	$2M
OPERATING CASH FLOW	$24M
Capital Expenditure	-$445.8K
Acquisitions (Net)	$0
Purchases of Investments	-$165M
Sales/Maturities of Investments	$151M
Other Investing Activities	-$33M
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	-$70.5K
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	$20M
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	$23M
Net Change in Cash	-$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$48M
Short-Term Investments	$580M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$635M
PP&E (Net)	$12M
Goodwill	$6M
Intangible Assets	$1M
Long-Term Investments	$565M
Tax Assets	$5M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$599M
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$40M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$35M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$36M
TOTAL LIABILITIES	$1.1B
Common Stock	$19M
Additional Paid-In Capital	$23M
Retained Earnings	$102M
Treasury Stock	-$2M
Accum. Other Comp. Income	$451.1K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$142M
Minority Interest	$0
TOTAL EQUITY	$142M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$74M
Net Debt	$26M