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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,386 $ 10,369
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 495 526
Amortization 4,875 4,512
Provision for (recovery of) losses on accounts receivable (4) (2)
Amortization of Right of Use Assets 29 29
(Gain) loss on disposal of assets 1 0
Deferred income taxes (20) (398)
Stock-based compensation expense 121 85
Tax benefit attributable to exercise of stock options 7 20
Changes in operating assets and liabilities:    
Accounts receivable and other receivables 442 (1,139)
Inventories 757 (1,449)
Prepaid expenses and other current assets 58 73
Accounts payable (439) (188)
Accrued expenses 651 (1,023)
Total adjustments 6,973 1,046
Net cash provided by operating activities 14,359 11,415
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment (806) (252)
Intangible assets 0 (21,000)
Net cash used in investing activities (806) (21,252)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 282 223
Common stock purchased and retired (6,977) (398)
Payment of dividends (3,097) (3,083)
Net cash used in financing activities (9,792) (3,258)
Effect of exchange rate changes on cash (254) (624)
Net decrease in cash and cash equivalents 3,507 (13,719)
Cash at beginning of period 42,787 51,112
Cash at end of period 46,294 37,393
Cash paid during the period for income taxes 2,153 3,957
Cash paid during the period for interest $ 0 $ 0