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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,140 $ 3,139
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 175 179
Amortization 1,630 1,271
Provision for (recovery of) losses on accounts receivable (14) 0
Amortization of Right of Use Assets 9 10
Deferred income taxes (97) (142)
Stock-based compensation expense 23 28
Tax benefit attributable to exercise of stock options 3 13
Changes in operating assets and liabilities:    
Accounts receivable and other receivables 261 (940)
Inventories 158 (2,255)
Prepaid expenses and other current assets (12) (23)
Accounts payable (31) 1,868
Accrued expenses 429 212
Total adjustments 2,534 221
Net cash provided by operating activities 5,674 3,360
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment (454) (12)
Intangible assets 0 (21,000)
Net cash used in investing activities (454) (21,012)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 48 97
Common stock purchased and retired (6,426) 0
Payment of dividends (1,042) (1,027)
Net cash used in financing activities (7,420) (930)
Effect of exchange rate changes on cash (974) 135
Net decrease in cash and cash equivalents (3,174) (18,447)
Cash at beginning of period 42,787 51,112
Cash at end of period 39,613 32,665
Cash paid during the period for income taxes 285 406
Cash paid during the period for interest $ 0 $ 0