AMES NATIONAL CORPORATION
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $13.7M | $15.7M | $15.0M | $15.3M | $14.0M | $14.2M | $13.9M | $13.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $1.1M | $1.2M | $1.1M | $892.4K | $797.7K | $787.8K | $741.7K | $748.0K |
| Amortization | $369.6K | $368.3K | $421.5K | $317.0K | $273.7K | $196.7K | $0 | $0 |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $18.8M | $21.4M | $22.6M | $19.5M | $23.5M | $22.0M | $21.3M | $16.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $518.2K | $267.8K | $2.2M | $1.6M | $445.8K | $863.4K | $554.1K | $362.5K |
| Business Acquisitions | — | — | — | $-16.4M | — | — | — | — |
| Net Cash from Investing Activities | $-16.9M | $-43.5M | $-34.4M | $16.2M | $-47.9M | $-77.0M | $-65.3M | $-54.3M |
| Financing Activities | ||||||||
| Dividends Paid | $8.1M | $7.7M | $7.3M | $6.5M | $5.9M | $5.4M | $4.7M | $4.1M |
| Stock Repurchases | — | — | — | — | $0 | $0 | $2.0M | $0 |
| Net Cash from Financing Activities | $-5.0M | $27.5M | $12.0M | $-36.2M | $13.9M | $66.9M | $51.3M | $34.2M |
| Net Change in Cash | $-3.1M | $5.5M | $275.5K | $-539.8K | $-10.5M | $12.0M | $7.4M | $-3.3M |
| Free Cash Flow | $18.3M | $21.1M | $20.4M | $17.9M | $23.1M | $21.1M | $20.7M | $16.5M |