XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,656 $ 7,386
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 483 495
Amortization 4,996 4,875
Provision for (recovery of) losses on accounts receivable 20 (4)
Amortization of Right of Use Assets 32 29
(Gain) loss on disposal of assets 0 1
Deferred income taxes (160) (20)
Stock-based compensation expense 123 121
Tax benefit attributable to exercise of stock options 11 7
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (802) 442
Inventories (161) 757
Prepaid expenses and other current assets (35) 58
Accounts payable 242 (439)
Accrued expenses 811 651
Total adjustments 5,560 6,973
Net cash provided by operating activities 16,216 14,359
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment (299) (806)
Net cash used in investing activities (299) (806)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock - options 281 282
Common stock purchased and retired 0 (6,977)
Payment of dividends (3,116) (3,097)
Net cash used in financing activities (2,835) (9,792)
Effect of exchange rate changes on cash (351) (254)
Net increase in cash and cash equivalents 12,731 3,507
Cash at beginning of period 51,590 42,787
Cash at end of period 64,321 46,294
Cash paid during the period for income taxes 3,094 2,153
Cash paid during the period for interest $ 0 $ 0