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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,162 $ 11,027
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 577 489
Amortization 1,663 1,568
Gain on Investments (32) 0
Provision for (recovery of) losses on accounts receivable (1) (2)
(Gain) loss on disposal of assets (409) 0
Deferred income taxes (352) (281)
Stock-based compensation expense 53 99
Tax benefit attributable to exercise of stock options 44 25
Changes in operating assets and liabilities:    
Accounts receivable (948) (1,340)
Accrued interest and other receivables 0 (5)
Inventories 255 (301)
Prepaid expenses and other current assets 52 40
Accounts payable (258) 201
Accrued expenses (3,455) 803
Total adjustments (2,811) 1,296
Net cash provided by operating activities 12,351 12,323
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment (255) (174)
Intangible assets 0 0
Purchases of investments 0 0
Proceeds from sale of investments 74 0
Proceeds from sale of property and equipment 862 0
Net cash provided by (used in) investing activities 681 (174)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 436 224
Payment of dividends (3,018) (1,969)
Net cash provided by (used in) financing activities (2,582) (1,745)
Effect of exchange rate changes on cash (973) 738
Net increase (decrease) in cash and cash equivalents 9,477 11,142
Cash at beginning of period 39,875 26,296
Cash at end of period 49,352 37,438
Cash paid during the period for income taxes 3,820 3,753
Cash paid during the period for interest $ 0 $ 0