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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 11,918 $ 10,656
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 454 483
Amortization 4,837 4,996
Provision for (recovery of) losses on accounts receivable 21 20
Amortization of Right of Use Assets 39 32
Deferred income taxes (409) (160)
Stock-based compensation expense 121 123
Tax benefit attributable to exercise of stock options 0 11
Changes in operating assets and liabilities    
Accounts receivable and other receivables (1,059) (802)
Inventories (2,065) (161)
Prepaid expenses and other current assets (5) (35)
Accounts payable 540 242
Accrued expenses 1,075 811
Total adjustments 3,549 5,560
Net cash provided by operating activities 15,467 16,216
CASH FLOWS FROM INVESTING ACTIVITIES    
Property and equipment (771) (299)
Intangible assets (9) 0
Net cash used in investing activities (780) (299)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock - options 43 281
Common stock purchased and retired (2,495) 0
Payment of dividends (2,112) (3,116)
Net cash used in financing activities (4,564) (2,835)
Effect of exchange rate changes on cash (1,586) (351)
Net increase in cash and cash equivalents 8,537 12,731
Cash at beginning of period 60,974 51,590
Cash at end of period 69,511 64,321
Cash paid during the period for income taxes 3,502 3,094
Cash paid during the period for interest $ 0 $ 0