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UTAH MEDICAL PRODUCTS, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net income $ 3,319 $ 2,994
Depreciation and amortization 1,121 299
Gain on investments (6) (24)
Provision for losses on accounts receivable 8 3
(Gain)/Loss on disposal of assets   0
Deferred income taxes (174)  
Stock-based compensation expense 49 44
Accounts receivable - trade 429 372
Accrued interest and other receivables (40) (20)
Inventories (531) 140
Prepaid expenses and other current assets 43 18
Accounts payable (174) 56
Accrued expenses (26)  
Deferred revenue (21)  
Other liability 449 (214)
Total adjustments 1,128 675
Net cash provided by operating activities 4,447 3,669
Capital expenditures for property and equipment (158) (762)
Capital expenditures for intangible assets (7)  
Purchases of investments (500) (1,200)
Proceeds from sale of investments 15,155 2,134
Net cash paid in acquisition (41,084)  
Net cash (used in) provided by investing activities (26,594) 173
Proceeds from issuance of common stock - options 375 375
Common stock purchased and retired   (134)
Tax benefit attributable to exercise of stock options 23 26
Proceeds from note payable 26,934  
Repayments of note payable (1,927) (180)
Payment of dividends (851) (853)
Net cash used in financing activities 24,555 (766)
Effect of exchange rate changes on cash 41 (53)
NET INCREASE IN CASH 2,449 3,022
CASH AT BEGINNING OF PERIOD 3,818 410
CASH AT END OF PERIOD 6,267 3,432
Cash paid during the period for income taxes 1,470 1,385
Cash paid during the period for interest $ 354 $ 13