Financial Statements

Ames National Corporation (ATLO)

$18.3

+0.26 (+1.44%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands , Years are calendar years not fiscal years

Retained Earning Schedule

Year 2022 2021 2020 2019 2018
Retained Earnings (Previous Year) 170158146138-
Net Income 1924191717
Stock Dividends -0-22-0132
Dividend Paid -10-9-9-9-11
Retained Earnings 180170158146138

PPE Schedule

Year 2022 2021 2020 2019 2018
Gross PPE 18171816-
Annual Depreciation 421316
Capital Expenditure -3-2-1-1-1
Net PPE 1918171816

Intangible and Goodwill Schedule

Year 2022 2021 2020 2019 2018
Intangible and Goodwill (Previous Year) -10121212
New Purchases -26-87-239-375-141
Intangible and Goodwill 1012121212

Ames National Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Ames National Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.