ATLO FY 2014 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2014 Earnings

Reported March 12, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$49M	—	$46M	—	6.1%
Op. Income	$21M	—	$19M	—	12.1%
Gross Margin	89.8%	—	87.3%	—	2.5pp
Net Margin	31.1%	—	30.2%	—	0.9pp
EPS (Diluted)	$1.64	—	$1.50	—	9.3%
Free Cash Flow	$18M	—	$23M	—	-22.4%

Revenue Flow

Item	Amount
REVENUE	$49M
Cost of Revenue	$5M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$8M
Operating Expenses	$23M
Cost & Expenses	$28M
OPERATING INCOME	$21M
Interest Income	$41M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$6M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$1M
EBIT	$21M
EBITDA	$22M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$49M
Cost of Revenue	$5M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$8M
Operating Expenses	$23M
Cost & Expenses	$28M
OPERATING INCOME	$21M
Interest Income	$41M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$6M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$1M
EBIT	$21M
EBITDA	$22M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	$32.5K
Other Non-Cash Items	$3M
Change in Working Capital	-$441.3K
OPERATING CASH FLOW	$20M
Capital Expenditure	-$2M
Acquisitions (Net)	$16M
Purchases of Investments	-$66M
Sales/Maturities of Investments	$117M
Other Investing Activities	-$50M
NET CASH FROM INVESTING	$16M
Net Debt Issuance	$3M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	-$33M
NET CASH FROM FINANCING	-$36M
FREE CASH FLOW	$18M
Net Change in Cash	-$539.8K

Balance Sheet

Item	Amount
Cash & Equivalents	$55M
Short-Term Investments	$543M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$605M
PP&E (Net)	$16M
Goodwill	$7M
Intangible Assets	$2M
Long-Term Investments	$659M
Tax Assets	$3M
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$696M
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$51M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$37M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$39M
TOTAL LIABILITIES	$1.1B
Common Stock	$19M
Additional Paid-In Capital	$21M
Retained Earnings	$111M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$155M
Minority Interest	$0
TOTAL EQUITY	$155M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$89M
Net Debt	$34M