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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,536 $ 3,217
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 166 149
Amortization 508 592
Provision for (recovery of) losses on accounts receivable (1) (13)
Deferred income taxes (118) (117)
Stock-based compensation expense 36 21
Tax benefit attributable to exercise of stock options 10 19
Changes in operating assets and liabilities:    
Accounts receivable (934) (782)
Accrued interest and other receivables (5) (16)
Inventories (154) (133)
Prepaid expenses and other current assets (56) (45)
Accounts payable 117 337
Accrued expenses 1,202 923
Total adjustments 771 935
Net cash provided by operating activities 4,307 4,152
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures for property and equipment (65) (48)
Capital expenditures for intangible assets   (4)
Net cash provided by (used in) investing activities (65) (52)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 53 148
Payment of dividends 0 0
Net cash provided by (used in) financing activities 53 148
Effect of exchange rate changes on cash 88 (10)
Net increase (decrease) in cash and cash equivalents 4,383 4,238
Cash at beginning of period 26,296 23,278
Cash at end of period 30,679 27,516
Cash paid during the period for income taxes 442 345
Cash paid during the period for interest $ 0 $ 0