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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 8,505 $ 12,128 $ 11,843
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 660 610 619
Amortization 2,113 2,223 2,528
Provision for (recovery of) losses on accounts receivable 4 0 (10)
Loss on disposal of assets 17 5 1
Deferred income taxes (658) (484) (901)
Stock-based compensation expense 129 92 87
(Increase) decrease in accounts receivable (242) 295 137
(Increase) decrease in other receivables 2 897 (91)
(Increase) decrease in inventories (467) (360) 422
(Increase) decrease in prepaid expenses and other current assets 24 23 28
Increase (decrease) in accounts payable 9 286 (265)
Increase (decrease) in accrued expenses 1,027 (1,187) (597)
Increase (decrease) in Long-term repatriation tax payable 5,785    
Net cash provided by operating activities 16,908 14,528 13,801
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures for property and equipment (1,597) (3,293) (176)
Capital expenditures for intangible assets   (9) (70)
Net cash provided by (used in) investing activities (1,597) (3,302) (246)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock - options 302 376 343
Common stock purchased and retired   (2,850) (683)
Payment of taxes for exchange of stock options     (42)
Tax benefit attributable to exercise of stock options   50 114
Repayments of notes payable     (4,777)
Dividends paid (2,955) (3,916) (3,846)
Net cash provided by (used in) financing activities (2,653) (6,340) (8,891)
Effect of exchange rate changes on cash 921 (1,868) (660)
NET INCREASE IN CASH AND CASH EQUIVALENTS 13,579 3,018 4,004
CASH AT BEGINNING OF YEAR 26,296 23,278 19,274
CASH AT END OF YEAR 39,875 26,296 23,278
Cash paid during the year for income taxes $ 5,151 $ 4,846 5,341
Cash paid during the year for interest     $ 65