Ames National (ATLO) Cash Flow: Operating & Free Cash Flow

Ames National (ATLO) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Ames National generated $21.34M of operating cash flow and spent $642.00K on capital expenditures. That left free cash flow of $20.70M, up 47.8% from $14.00M a year earlier, or 31.8% of revenue. It returned $8.80M to shareholders through $7.11M in dividends and $1.68M in share buybacks.

Ames National Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Ames National Corporation (ATLO) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	19.03	10.22	10.82	19.29	23.91	18.85	17.19	17.01	13.70
Depreciation & Amortization	1.55	1.69	1.75	4.13	2.03	2.27	1.85	1.56	1.50
Deferred Income Tax	-0.05	0.76	1.53	1.99	1.37	-0.45	0.55	-0.07	0.86
Change in Working Capital	-0.37	0.35	2.87	-3.08	0.00	1.51	0.62	0.19	-1.25
Change in Accounts Receivable	-0.20	-0.91	-1.68	-1.15	1.02	0.65	0.51	-0.17	-0.61
Change in Accounts Payable	-0.65	-1.50	4.04	0.31	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	-0.31	2.76	0.51	-1.44	3.02	0.87	0.11	0.36	-0.64
Other Operating Activities	-0.32	1.29	2.23	1.20	3.02	7.53	-0.03	2.01	4.04
Net Cash from Operating Activities	21.34	14.30	19.21	21.23	30.47	29.71	20.18	20.71	18.85
Investing Activities
Capital Expenditures	-0.64	-0.30	-4.89	-2.86	-1.87	-1.25	-0.78	-0.63	-0.63
Acquisitions	0.00	0.00	0.00	0.00	0.00	-0.31	-19.14	-13.44	0.00
Purchases of Investments	-119.13	-15.34	-6.42	-141.32	-375.40	-238.62	-86.92	-25.98	-64.20
Sales/Maturities of Investments	142.50	112.36	75.99	96.13	120.63	135.17	106.73	72.33	79.75
Other Investing Activities	3.13	-24.74	-45.61	-79.34	0.76	-79.25	-78.84	-23.66	-31.95
Net Cash from Investing Activities	44.21	71.98	19.06	-127.38	-268.57	-184.26	-78.96	8.64	-16.90
Financing Activities
Debt Repayment	-22.40	-63.64	71.47	-3.30	0.00	-2.00	-9.60	-11.90	-1.00
Common Stock Repurchased	-1.68	-0.70	0.00	-2.30	-0.71	-1.99	-1.81	-0.45	0.00
Dividends Paid	-7.11	-9.08	-9.71	-9.68	-9.39	-9.07	-8.78	-10.80	-8.10
Other Financing Activities	7.99	33.27	-72.81	20.76	164.23	218.90	83.21	-2.20	4.07
Net Cash from Financing Activities	-40.03	-40.15	-11.05	44.91	154.13	205.83	63.01	-25.35	-5.03
Summary
Net Change in Cash	25.53	46.13	27.22	-61.25	-83.97	51.28	4.23	3.99	-3.08
Cash at Beginning of Period	101.23	55.10	27.88	89.13	173.10	121.82	30.38	26.40	29.48
Cash at End of Period	126.75	101.23	55.10	27.88	89.13	173.10	34.62	30.38	26.40
Free Cash Flow	20.70	14.00	14.31	18.37	28.60	28.46	19.40	20.07	18.22
Supplemental Disclosures
Interest Paid	-	39.13	25.63	8.56	5.06	-	-	-	-
Income Taxes Paid	-	0.63	1.81	4.97	6.30	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Ames National Cash Flow

What is Ames National's free cash flow?

Ames National generated free cash flow of $20.70M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $21.34M minus $642.00K of capital expenditures. That was up 47.8% from $14.00M a year earlier. Free cash flow equaled 31.8% of revenue.

How much does Ames National spend on capital expenditures?

Ames National spent $642.00K on capital expenditures in fiscal 2025, compared with $298.00K a year earlier. That equals 3.0% of operating cash flow.

Does Ames National pay dividends or buy back shares?

Yes. In fiscal 2025 Ames National returned $7.11M in dividends and $1.68M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition