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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,405 $ 6,476
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 330 298
Amortization 1,031 1,179
Provision for (recovery of) losses on accounts receivable (1) (7)
(Gain) loss on disposal of assets 0 0
Deferred income taxes (182) (237)
Stock-based compensation expense 69 42
Tax benefit attributable to exercise of stock options 21 35
Changes in operating assets and liabilities:    
Accounts receivable (1,157) (450)
Accrued interest and other receivables (5) (34)
Inventories (100) 196
Prepaid expenses and other current assets 60 61
Accounts payable 68 427
Accrued expenses 203 (222)
Total adjustments 337 1,288
Net cash provided by operating activities 7,742 7,764
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures for property and equipment (114) (90)
Capital expenditures for intangible assets 0 (9)
Net cash provided by (used in) investing activities (114) (99)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 168 257
Payment of dividends (984) (976)
Net cash provided by (used in) financing activities (816) (719)
Effect of exchange rate changes on cash 629 (829)
Net increase (decrease) in cash and cash equivalents 7,441 6,117
Cash at beginning of period 26,296 23,278
Cash at end of period 33,737 29,395
Cash paid during the period for income taxes 2,676 2,422
Cash paid during the period for interest $ 0 $ 0