ATLO FY 2020 Earnings Report — Ames National Corporation Revenue & Financial Results | Market Cap Arena

Ames National CorporationATLO

FY 2020 Earnings

Reported March 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$74M	—	$65M	—	13.5%
Op. Income	$23M	—	$21M	—	10.4%
Gross Margin	81.3%	—	81.1%	—	0.2pp
Net Margin	25.6%	—	26.5%	—	-0.9pp
EPS (Diluted)	$2.06	—	$1.86	—	10.8%
Free Cash Flow	$28M	—	$19M	—	46.7%

Revenue Flow

Item	Amount
REVENUE	$74M
Cost of Revenue	$14M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	$13M
Operating Expenses	$37M
Cost & Expenses	$50M
OPERATING INCOME	$23M
Interest Income	$63M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$2M
EBIT	$23M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$74M
Cost of Revenue	$14M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	$13M
Operating Expenses	$37M
Cost & Expenses	$50M
OPERATING INCOME	$23M
Interest Income	$63M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$2M
EBIT	$23M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	-$448.0K
Other Non-Cash Items	$8M
Change in Working Capital	$2M
OPERATING CASH FLOW	$30M
Capital Expenditure	-$1M
Acquisitions (Net)	-$310.0K
Purchases of Investments	-$239M
Sales/Maturities of Investments	$135M
Other Investing Activities	-$79M
NET CASH FROM INVESTING	-$184M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$9M
Other Financing Activities	$219M
NET CASH FROM FINANCING	$206M
FREE CASH FLOW	$28M
Net Change in Cash	$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$192M
Short-Term Investments	$597M
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$800M
PP&E (Net)	$17M
Goodwill	$12M
Intangible Assets	$3M
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.0B
Account Payables	$0
Short-Term Debt	$37M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$3M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$1.8B
Common Stock	$18M
Additional Paid-In Capital	$17M
Retained Earnings	$158M
Treasury Stock	$0
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$209M
Minority Interest	$0
TOTAL EQUITY	$209M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$40M
Net Debt	-$151M