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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,024 $ 3,140
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 163 175
Amortization 1,664 1,630
Provision for (recovery of) losses on accounts receivable 2 (14)
Amortization of Right of Use Assets 10 9
Deferred income taxes (208) (97)
Stock-based compensation expense 41 23
Tax benefit attributable to exercise of stock options 5 3
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (71) 261
Inventories 207 158
Prepaid expenses and other current assets (109) (12)
Accounts payable 51 (31)
Accrued expenses 754 429
Total adjustments 2,509 2,534
Net cash provided by operating activities 5,533 5,674
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment (10) (454)
Net cash used in investing activities (10) (454)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 89 48
Common stock purchased and retired 0 (6,426)
Payment of dividends (1,038) (1,042)
Net cash used in financing activities (949) (7,420)
Effect of exchange rate changes on cash (131) (974)
Net increase (decrease) in cash and cash equivalents 4,443 (3,174)
Cash at beginning of period 51,590 42,787
Cash at end of period 56,033 39,613
Cash paid during the period for income taxes 153 285
Cash paid during the period for interest $ 0 $ 0