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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 11,027 $ 9,411
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 489 452
Amortization 1,568 1,714
Provision for (recovery of) losses on accounts receivable (2) 0
(Gain) loss on disposal of assets 0 5
Deferred income taxes (281) (351)
Stock-based compensation expense 99 62
Tax benefit attributable to exercise of stock options 25 37
Changes in operating assets and liabilities:    
Accounts receivable - trade (1,340) (510)
Accrued interest and other receivables (5) (35)
Inventories (301) (222)
Prepaid expenses and other current assets 40 36
Accounts payable 201 316
Accrued expenses 803 228
Total adjustments 1,296 1,732
Net cash provided by operating activities 12,323 11,143
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures for property and equipment (174) (237)
Capital expenditures for intangible assets 0 (9)
Net cash provided by (used in) investing activities (174) (246)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 224 306
Payment of dividends (1,969) (1,954)
Net cash provided by (used in) financing activities (1,745) (1,648)
Effect of exchange rate changes on cash 738 (971)
Net increase in cash and cash equivalents 11,142 8,278
Cash at beginning of period 26,296 23,278
Cash at end of period 37,438 31,556
Cash paid during the period for income taxes 3,753 3,342
Cash paid during the period for interest $ 0 $ 0