AMES NATIONAL CORPORATION
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $19.0M | $10.2M | $10.8M | $19.3M | $23.9M | $18.9M | $17.2M | $17.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $1.3M | $1.4M | $1.3M | $1.4M | $1.4M | $1.4M | $1.2M | $1.1M |
| Amortization | $301.0K | $337.0K | $502.0K | $574.0K | $628.0K | $826.0K | $609.6K | $430.5K |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $21.3M | $14.3M | $19.2M | $21.2M | $30.5M | $29.7M | $20.2M | $20.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $642.0K | $298.0K | $4.9M | $2.9M | $1.9M | $1.2M | $780.4K | $616.5K |
| Business Acquisitions | — | — | — | — | $0 | $310.0K | $19.1M | $13.4M |
| Net Cash from Investing Activities | $44.2M | $72.0M | $19.1M | $-127.4M | $-268.6M | $-184.3M | $-79.0M | $8.6M |
| Financing Activities | ||||||||
| Dividends Paid | $7.1M | $9.1M | $9.7M | $9.7M | $9.4M | $9.1M | $8.8M | $10.8M |
| Stock Repurchases | $1.7M | $704.0K | $0 | $2.3M | $710.0K | $2.0M | $1.8M | $452.2K |
| Net Cash from Financing Activities | $-40.0M | $-40.2M | $-11.1M | $44.9M | $154.1M | $205.8M | $63.0M | $-25.4M |
| Net Change in Cash | $25.5M | $46.1M | $27.2M | $-61.2M | $-84.0M | $51.3M | $4.2M | $4.0M |
| Free Cash Flow | $20.7M | $14.0M | $14.3M | $18.4M | $28.6M | $28.5M | $19.4M | $20.1M |