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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 12,128 $ 11,843 $ 11,378
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 610 619 637
Amortization 2,223 2,528 2,719
Provision for (recovery of) losses on accounts receivable 0 (10) (27)
Loss on disposal of assets 5 1 35
Deferred income taxes (484) (901) (500)
Stock-based compensation expense 92 87 74
(Increase) decrease in accounts receivable 295 137 (365)
(Increase) decrease in income tax and other receivables 897 (91) (100)
(Increase) decrease in inventories (360) 422 (141)
(Increase) decrease in prepaid expenses and other current assets 23 28 (19)
Increase (decrease) in accounts payable 286 (265) 188
Increase (decrease) in accrued expenses (1,187) (597) 1,508
Net cash provided by operating activities 14,528 13,801 15,387
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures for property and equipment (3,293) (176) (1,110)
Capital expenditures for intangible assets (9) (70) (22)
Net cash provided by (used in) investing activities (3,302) (246) (1,132)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock - options 376 343 491
Common stock purchased and retired (2,850) (683) (1,055)
Payment of taxes for exchange of stock options   (42)  
Tax benefit attributable to exercise of stock options 50 114 103
Repayments of notes payable   (4,777) (4,035)
Dividends paid (3,916) (3,846) (3,765)
Net cash provided by (used in) financing activities (6,340) (8,891) (8,261)
Effect of exchange rate changes on cash (1,868) (660) (1,115)
NET INCREASE IN CASH AND CASH EQUIVALENTS 3,018 4,004 4,879
CASH AT BEGINNING OF YEAR 23,278 19,274 14,395
CASH AT END OF YEAR 26,296 23,278 19,274
Cash paid during the year for income taxes 4,846 5,341 3,094
Cash paid during the year for interest $ 0 $ 65 $ 296