Ames National Corporation
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.2M | $2.3M | $2.1M | $2.9M | $2.6M | $3.2M | $4.4M | $5.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $328.0K | $326.0K | $332.0K | $329.0K | $299.0K | $290.0K | $360.0K | $382.0K |
| Amortization | $86.0K | $87.0K | $114.0K | $130.0K | $128.0K | $130.0K | $136.0K | $145.0K |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $3.9M | $1.4M | $6.4M | $2.3M | $4.0M | $6.5M | $6.2M | $3.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $100.0K | $64.0K | $1.1M | $1.3M | $1.0M | $1.6M | $1.1M | $315.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $18.3M | $18.3M | $-19.8M | $10.0M | $17.4M | $11.4M | $-41.4M | $-22.5M |
| Financing Activities | ||||||||
| Dividends Paid | $2.4M | $2.4M | $2.4M | $2.4M | $2.4M | $2.4M | $2.4M | $2.4M |
| Stock Repurchases | $0 | $0 | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-70.2M | $36.6M | $-21.6M | $-15.6M | $-15.2M | $41.4M | $33.8M | $-26.7M |
| Net Change in Cash | $-48.0M | $56.3M | $-35.0M | $-3.2M | $6.1M | $59.3M | $-1.4M | $-45.4M |
| Free Cash Flow | $3.8M | $1.3M | $5.3M | $1.1M | $3.0M | $4.9M | $5.1M | $3.4M |