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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 14,788 $ 10,798 $ 14,727
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 636 655 700
Amortization 6,645 6,515 6,144
Provision for losses on accounts receivable 24 (5) 14
Amortization of operating lease assets 3 39 38
Loss/(Gain) on disposal of assets 0 1 16
Deferred income taxes (92) (26) (396)
Stock-based compensation expense 166 160 113
Tax benefit attributable to exercise of stock options 39 7 23
Accounts receivable (1,088) 617 (738)
Other receivables (42) 45 (16)
Inventories (485) 924 (1,686)
Prepaid expenses and other current assets (81) 108 (16)
Accounts payable (23) (308) 114
Accrued expenses 713 607 (1,651)
Long-term repatriation tax payable 0 0 (330)
Net cash provided by operating activities 21,203 20,137 17,056
Cash flows from investing activities      
Property and equipment (552) (860) (540)
Intangible assets 0 0 (21,000)
Net cash (used in) investing activities (552) (860) (21,540)
Cash flows from financing activities      
Proceeds from issuance of common stock - options 560 358 283
Common stock purchased and retired 0 (6,976) (398)
Dividends paid (11,465) (4,116) (4,112)
Net cash (used in) financing activities (10,905) (10,734) (4,227)
Effect of exchange rate changes on cash (362) 260 386
Net increase (decrease) in cash and cash equivalents 9,384 8,803 (8,325)
Cash at beginning of year 51,590 42,787 51,112
Cash at end of year 60,974 51,590 42,787
Cash paid during the period for income taxes 4,617 3,186 5,304
Cash paid during the period for interest $ 0 $ 0 $ 0