ATLO FY 2019 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2019 Earnings

Reported March 10, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$65M	—	$58M	—	12.5%
Op. Income	$21M	—	$21M	—	-1.8%
Gross Margin	81.1%	—	85.7%	—	-4.6pp
Net Margin	26.5%	—	29.5%	—	-3.0pp
EPS (Diluted)	$1.86	—	$1.83	—	1.6%
Free Cash Flow	$19M	—	$20M	—	-3.4%

Revenue Flow

Item	Amount
REVENUE	$65M
Cost of Revenue	$12M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$12M
Operating Expenses	$32M
Cost & Expenses	$44M
OPERATING INCOME	$21M
Interest Income	$56M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$4M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$2M
EBIT	$21M
EBITDA	$23M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$65M
Cost of Revenue	$12M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$12M
Operating Expenses	$32M
Cost & Expenses	$44M
OPERATING INCOME	$21M
Interest Income	$56M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$4M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$2M
EBIT	$21M
EBITDA	$23M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$549.3K
Other Non-Cash Items	-$30.1K
Change in Working Capital	$621.3K
OPERATING CASH FLOW	$20M
Capital Expenditure	-$780.4K
Acquisitions (Net)	-$19M
Purchases of Investments	-$87M
Sales/Maturities of Investments	$107M
Other Investing Activities	-$79M
NET CASH FROM INVESTING	-$79M
Net Debt Issuance	-$10M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$9M
Other Financing Activities	$83M
NET CASH FROM FINANCING	$63M
FREE CASH FLOW	$19M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$144M
Short-Term Investments	$480M
Net Receivables	$12M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$635M
PP&E (Net)	$18M
Goodwill	$12M
Intangible Assets	$4M
Long-Term Investments	$1.1B
Tax Assets	$1M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.7B
Account Payables	$0
Short-Term Debt	$42M
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$5M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$7M
TOTAL LIABILITIES	$1.5B
Common Stock	$18M
Additional Paid-In Capital	$19M
Retained Earnings	$146M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$188M
Minority Interest	$0
TOTAL EQUITY	$188M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$47M
Net Debt	-$97M