XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,452 $ 6,664
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 335 355
Amortization 3,242 2,902
Provision for (recovery of) losses on accounts receivable (14) (2)
Amortization of Right of Use Assets 19 19
Deferred income taxes 51 (278)
Stock-based compensation expense 72 56
Tax benefit attributable to exercise of stock options 7 15
Changes in operating assets and liabilities:    
Accounts receivable and other receivables 903 (1,256)
Inventories 387 (2,322)
Prepaid expenses and other current assets 40 24
Accounts payable (528) (123)
Accrued expenses 385 (1,011)
Total adjustments 4,899 (1,621)
Net cash provided by operating activities 9,351 5,043
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment (711) (130)
Intangible assets 0 (21,000)
Net cash used in investing activities (711) (21,130)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 79 171
Common stock purchased and retired (6,426) (398)
Payment of dividends (2,077) (2,055)
Net cash used in financing activities (8,424) (2,282)
Effect of exchange rate changes on cash (651) 137
Net decrease in cash and cash equivalents (435) (18,232)
Cash at beginning of period 42,787 51,112
Cash at end of period 42,352 32,880
Cash paid during the period for income taxes 786 2,937
Cash paid during the period for interest $ 0 $ 0