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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,092 $ 3,536
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 200 166
Amortization 570 508
Provision for (recovery of) losses on accounts receivable 1 (1)
Deferred income taxes (76) (118)
Stock-based compensation expense 30 36
Tax benefit attributable to exercise of stock options 16 10
Changes in operating assets and liabilities:    
Accounts receivable (560) (934)
Accrued interest and other receivables 0 (5)
Inventories (303) (154)
Prepaid expenses and other current assets (53) (56)
Accounts payable 142 117
Accrued expenses (293) 1,202
Total adjustments (326) 771
Net cash provided by operating activities 3,766 4,307
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures for property and equipment (173) (65)
Net cash provided by (used in) investing activities (173) (65)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 147 53
Payment of dividends (1,005) 0
Net cash provided by (used in) financing activities (858) 53
Effect of exchange rate changes on cash 243 88
Net increase (decrease) in cash and cash equivalents 2,978 4,383
Cash at beginning of period 39,875 26,296
Cash at end of period 42,853 30,679
Cash paid during the period for income taxes 788 442
Cash paid during the period for interest $ 0 $ 0