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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,369 $ 15,162
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 526 577
Amortization 4,512 1,663
Gain on Investments 0 (32)
Provision for (recovery of) losses on accounts receivable (2) (1)
Amortization of Right of Use Assets 29 0
(Gain) loss on disposal of assets 0 (409)
Deferred income taxes (398) (352)
Stock-based compensation expense 85 53
Tax benefit attributable to exercise of stock options 20 44
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (1,139) (948)
Inventories (1,449) 255
Prepaid expenses and other current assets 73 52
Accounts payable (188) (258)
Accrued expenses (1,023) (3,455)
Total adjustments 1,046 (2,811)
Net cash provided by operating activities 11,415 12,351
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment (252) (255)
Intangible assets (21,000) 0
Purchases of investments 0 0
Proceeds from sale of investments 0 74
Proceeds from sale of property and equipment 0 862
Net cash (used in) provided by investing activities (21,252) 681
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 223 436
Common stock purchased and retired (398) 0
Payment of dividends (3,083) (3,018)
Net cash used in financing activities (3,258) (2,582)
Effect of exchange rate changes on cash (624) (973)
Net increase (decrease) in cash and cash equivalents (13,719) 9,477
Cash at beginning of period 51,112 39,875
Cash at end of period 37,393 49,352
Cash paid during the period for income taxes 3,957 3,820
Cash paid during the period for interest $ 0 $ 0