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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 14,727 $ 18,555 $ 8,505
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 700 765 660
Amortization 6,144 2,191 2,113
Gain on Investments 0 (32) 0
Provision for losses on accounts receivable 14 20 4
Amortization of Right of Use Assets 38 0 0
Loss/(Gain) on disposal of assets 16 (410) 17
Deferred income taxes (396) (326) (658)
Stock-based compensation expense 113 64 129
Tax benefit attributable to exercise of stock options 23 49 0
Accounts receivable (738) (496) (242)
Other receivables (16) 0 2
Inventories (1,686) (244) (467)
Prepaid expenses and other current assets (16) (68) 24
Accounts payable 114 52 9
Accrued expenses (1,651) (558) 1,027
Long-term repatriation tax payable (330) (2,728) 5,785
Net cash provided by operating activities 17,056 16,834 16,908
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property and equipment (540) (402) (1,597)
Intangible assets (21,000) 0 0
Proceeds from the sale of investments 0 74 0
Proceeds from the sale of property and equipment 0 862 0
Net cash provided by (used in) investing activities (21,540) 534 (1,597)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock - options 283 454 302
Common stock purchased and retired (398) (1,205) 0
Tax benefit attributable to exercise of stock options 0 0 0
Dividends paid (4,112) (4,026) (2,955)
Net cash (used in) financing activities (4,227) (4,777) (2,653)
Effect of exchange rate changes on cash 386 (1,354) 921
Net increase in cash and cash equivalents (8,325) 11,237 13,579
Cash at beginning of year 51,112 39,875 26,296
Cash at end of year 42,787 51,112 39,875
Cash paid during the period for income taxes 5,304 4,851 5,151
Cash paid during the period for interest $ 0 $ 0 $ 0