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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 18,555 $ 8,505 $ 12,128
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 765 660 610
Amortization 2,191 2,113 2,223
Gain on Investments (32) 0 0
Provision for (recovery of) losses on accounts receivable 20 4 0
Loss/(Gain) on disposal of assets (410) 17 5
Deferred income taxes (326) (658) (484)
Stock-based compensation expense 64 129 92
Tax benefit attributable to exercise of stock options 49 0 0
Accounts receivable (496) (242) 295
Other receivables 0 2 897
Inventories (244) (467) (360)
Prepaid expenses and other current assets (68) 24 23
Accounts payable 52 9 286
Accrued expenses (558) 1,027 (1,187)
Long-term repatriation tax payable (2,728) 5,785 0
Net cash provided by operating activities 16,834 16,908 14,528
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property and equipment (402) (1,597) (3,293)
Intangible assets 0 0 (9)
Proceeds from the sale of investments 74 0 0
Proceeds from the sale of property and equipment 862 0 0
Net cash provided by (used in) investing activities 534 (1,597) (3,302)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock - options 454 302 376
Common stock purchased and retired (1,205) 0 (2,850)
Tax benefit attributable to exercise of stock options 0 0 50
Dividends paid (4,026) (2,955) (3,916)
Net cash (used in) financing activities (4,777) (2,653) (6,340)
Effect of exchange rate changes on cash (1,354) 921 (1,868)
Net increase in cash and cash equivalents 11,237 13,579 3,018
Cash at beginning of year 39,875 26,296 23,278
Cash at end of year 51,112 39,875 26,296
Cash paid during the period for income taxes 4,851 5,151 4,846
Cash paid during the period for interest $ 0 $ 0 $ 0