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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 11,843 $ 11,378 $ 11,406
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 619 637 611
Amortization 2,528 2,719 2,584
Provision for (recovery of) losses on accounts receivable (10) (27) 10
Loss on disposal of assets 1 35 6
Deferred income taxes (901) (500) (1,399)
Stock-based compensation expense 87 74 28
(Increase) decrease in accounts receivable 137 (365) 213
(Increase) decrease in accrued interest and other receivables (91) (100) (241)
(Increase) decrease in inventories 422 (141) (249)
(Increase) decrease in prepaid expenses and other current assets 28 (19) 6
Increase (decrease) in accounts payable (265) 188 (216)
Increase (decrease) in accrued expenses (597) 1,508 (28)
Increase (decrease) in deferred revenue 0 0 (83)
Increase (decrease) in other liability 0 0 (340)
Net cash provided by operating activities 13,801 15,387 12,308
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures for property and equipment (176) (1,110) (339)
Capital expenditures for intangible assets (70) (22) (5)
Net cash provided by (used in) investing activities (246) (1,132) (344)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock - options 343 491 787
Common stock purchased and retired (683) (1,055) 0
Payment of taxes for exchange of stock options (42)   (85)
Tax benefit attributable to exercise of stock options 114 103 281
Repayments of notes payable (4,777) (4,035) (3,908)
Dividends paid (3,846) (3,765) (3,675)
Net cash provided by (used in) financing activities (8,891) (8,261) (6,600)
Effect of exchange rate changes on cash (660) (1,115) 160
NET INCREASE IN CASH AND CASH EQUIVALENTS 4,004 4,879 5,524
CASH AT BEGINNING OF YEAR 19,274 14,395 8,871
CASH AT END OF YEAR 23,278 19,274 14,395
Cash paid during the year for income taxes 5,341 3,094 3,971
Cash paid during the year for interest $ 65 $ 296 $ 439