XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2
UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,638 $ 6,450
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 302 325
Amortization 3,257 3,335
Provision for (recovery of) losses on accounts receivable 26 8
Amortization of Right of Use Assets 26 21
Deferred income taxes (286) 22
Stock-based compensation expense 83 82
Tax benefit attributable to exercise of stock options 0 5
Changes in operating assets and liabilities    
Accounts receivable and other receivables 102 (517)
Inventories (930) 75
Prepaid expenses and other current assets (47) (14)
Accounts payable 64 399
Accrued expenses (357) 34
Total adjustments 2,240 3,775
Net cash provided by operating activities 9,878 10,225
CASH FLOWS FROM INVESTING ACTIVITIES    
Property and equipment (450) (222)
Intangible assets (9) 0
Net cash used in investing activities (459) (222)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock - options 23 92
Common stock purchased and retired (2,495) 0
Payment of dividends (1,060) (2,077)
Net cash used in financing activities (3,532) (1,985)
Effect of exchange rate changes on cash (637) (102)
Net increase in cash and cash equivalents 5,250 7,916
Cash at beginning of period 60,974 51,590
Cash at end of period 66,224 59,506
Cash paid during the period for income taxes 2,467 2,279
Cash paid during the period for interest $ 0 $ 0