Ames National Corporation (ATLO)

Ames National Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	53.05	63.81	67.29	59.78	52.56
Revenue Growth (YoY)	-16.85%	-5.18%	12.56%	13.73%	6.44%
Gross Profit	53.05	63.81	67.29	59.78	52.56
Selling, General & Admin	35.72	34.82	33.11	33.24	28.38
Other Operating Expenses	4.45	3.83	3.51	3.32	3.14
Operating Expenses	40.16	38.64	36.62	36.55	31.52
Operating Income	12.89	25.16	30.67	23.23	21.04
Pretax Income	12.89	25.16	30.67	23.23	21.04
Income Tax	2.07	5.87	6.76	4.38	3.85
Net Income	10.82	19.29	23.91	18.85	17.19
Net Income Growth	-43.93%	-19.32%	26.86%	9.63%	1.06%
Shares Outstanding (Basic)	9	9	9	9	9
Shares Change	-	-1.10%	-0.34%	-1.08%	-0.95%
EPS (Basic)	1.20	2.14	2.62	2.06	1.86
EPS (Diluted)	1.20	2.14	2.62	2.06	1.86
EPS Growth	-43.93%	-18.32%	27.18%	10.75%	1.64%
Free Cash Flow	14.31	18.5	28.6	28.46	19.4
Free Cash Flow Per Share	1.59	2.06	3.15	3.12	2.10
Dividend Per Share	1.080	1.070	1.030	0.990	0.950
Dividend Growth	0.93%	3.88%	4.04%	4.21%	-18.10%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	24.30%	39.43%	45.58%	38.86%	40.03%
Profit Margin	20.39%	30.24%	35.54%	31.53%	32.71%
Free Cash Flow Margin	26.98%	28.99%	42.50%	47.61%	36.91%
Effective Tax Rate	16.08%	23.32%	22.04%	18.86%	18.29%
EBITDA	14.64	27.16	32.7	25.5	22.89
EBITDA Margin	27.60%	42.57%	48.59%	42.66%	43.54%
Depreciation & Amortization	1.75	2	2.03	2.27	1.85
EBIT	12.89	25.16	30.67	23.23	21.04
EBIT Margin	24.30%	39.43%	45.58%	38.86%	40.03%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).