ATLO FY 2017 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2017 Earnings

Reported March 12, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$54M	—	$52M	—	3.2%
Op. Income	$21M	—	$23M	—	-5.6%
Gross Margin	86.8%	—	91.1%	—	-4.3pp
Net Margin	25.5%	—	30.2%	—	-4.7pp
EPS (Diluted)	$1.47	—	$1.69	—	-13.0%
Free Cash Flow	$18M	—	$21M	—	-12.1%

Revenue Flow

Item	Amount
REVENUE	$54M
Cost of Revenue	$7M
GROSS PROFIT	$47M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$9M
Operating Expenses	$25M
Cost & Expenses	$33M
OPERATING INCOME	$21M
Interest Income	$46M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$8M
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	$2M
EBIT	$21M
EBITDA	$23M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$54M
Cost of Revenue	$7M
GROSS PROFIT	$47M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$9M
Operating Expenses	$25M
Cost & Expenses	$33M
OPERATING INCOME	$21M
Interest Income	$46M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$8M
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	$2M
EBIT	$21M
EBITDA	$23M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$858.4K
Other Non-Cash Items	$4M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$19M
Capital Expenditure	-$626.4K
Acquisitions (Net)	$0
Purchases of Investments	-$64M
Sales/Maturities of Investments	$80M
Other Investing Activities	-$32M
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	-$1M
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$5M
FREE CASH FLOW	$18M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$69M
Short-Term Investments	$495M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$573M
PP&E (Net)	$15M
Goodwill	$7M
Intangible Assets	$1M
Long-Term Investments	$772M
Tax Assets	$3M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$802M
TOTAL ASSETS	$1.4B
Account Payables	$0
Short-Term Debt	$37M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$27M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$29M
TOTAL LIABILITIES	$1.2B
Common Stock	$19M
Additional Paid-In Capital	$21M
Retained Earnings	$132M
Treasury Stock	$0
Accum. Other Comp. Income	-$432.4K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$171M
Minority Interest	$0
TOTAL EQUITY	$171M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$64M
Net Debt	-$5M