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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 10,798 $ 14,727 $ 18,555
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 655 700 765
Amortization 6,515 6,144 2,191
Gain on investments 0 0 (32)
Provision for losses on accounts receivable (5) 14 20
Amortization of Right of Use Assets 39 38 0
Loss/(Gain) on disposal of assets 1 16 (410)
Deferred income taxes (26) (396) (326)
Stock-based compensation expense 160 113 64
Tax benefit attributable to exercise of stock options 7 23 49
Accounts receivable 617 (738) (496)
Other receivables 45 (16) 0
Inventories 924 (1,686) (244)
Prepaid expenses and other current assets 108 (16) (68)
Accounts payable (308) 114 52
Accrued expenses 607 (1,651) (558)
Long-term repatriation tax payable 0 (330) (2,728)
Net cash provided by operating activities 20,137 17,056 16,834
Cash flows from investing activities:      
Property and equipment (860) (540) (402)
Intangible assets 0 (21,000) 0
Proceeds from the sale of investments 0 0 74
Proceeds from the sale of property and equipment 0 0 862
Net cash provided by (used in) investing activities (860) (21,540) 534
Cash flows from financing activities:      
Proceeds from issuance of common stock - options 358 283 454
Common stock purchased and retired (6,976) (398) (1,205)
Dividends paid (4,116) (4,112) (4,026)
Net cash (used in) financing activities (10,734) (4,227) (4,777)
Effect of exchange rate changes on cash 260 386 (1,354)
Net increase (decrease) in cash and cash equivalents 8,803 (8,325) 11,237
Cash at beginning of year 42,787 51,112 39,875
Cash at end of year 51,590 42,787 51,112
Cash paid during the period for income taxes 3,186 5,304 4,851
Cash paid during the period for interest $ 0 $ 0 $ 0