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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 6,664 $ 8,400
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 355 395
Amortization 2,902 1,128
Gain on Investments 0 (32)
Provision for (recovery of) losses on accounts receivable (2) 1
Amortization of Right of Use Assets 19 0
(Gain) loss on disposal of assets 0 (418)
Deferred income taxes (278) (225)
Stock-based compensation expense 56 42
Tax benefit attributable to exercise of stock options 15 39
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (1,256) (992)
Inventories (2,322) (45)
Prepaid expenses and other current assets 24 (3)
Accounts payable (123) 51
Accrued expenses (1,011) (594)
Total adjustments (1,621) (653)
Net cash provided by operating activities 5,043 7,747
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment (130) (201)
Intangible assets (21,000) 0
Proceeds from sale of investments 0 74
Proceeds from sale of property and equipment 0 862
Net cash provided by (used in) investing activities (21,130) 735
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 171 347
Common stock purchased and retired (398) 0
Payment of dividends (2,055) (2,011)
Net cash provided by (used in) financing activities (2,282) (1,664)
Effect of exchange rate changes on cash 137 (820)
Net increase (decrease) in cash and cash equivalents (18,232) 5,998
Cash at beginning of period 51,112 39,875
Cash at end of period 32,880 45,873
Cash paid during the period for income taxes 2,937 3,016
Cash paid during the period for interest $ 0 $ 0