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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 16,473 $ 14,788 $ 10,798
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 612 636 655
Amortization 6,417 6,645 6,515
Provision for losses on accounts receivable 30 24 (5)
Amortization of operating lease assets 53 3 39
Loss/(Gain) on disposal of assets 0 0 1
Deferred income taxes (401) (92) (26)
Stock-based compensation expense 183 166 160
Tax benefit attributable to exercise of stock options 6 39 7
Accounts receivable (511) (1,088) 617
Other receivables (14) (42) 45
Inventories (2,353) (485) 924
Prepaid expenses and other current assets (64) (81) 108
Accounts payable 464 (23) (308)
Accrued expenses 252 713 607
Net cash provided by operating activities 21,147 21,203 20,137
Cash flows from investing activities      
Property and equipment (809) (552) (860)
Intangible assets (9) 0 0
Net cash (used in) investing activities (818) (552) (860)
Cash flows from financing activities      
Proceeds from issuance of common stock - options 174 560 358
Common stock purchased and retired (2,495) 0 (6,976)
Dividends paid (3,163) (11,465) (4,116)
Net cash (used in) financing activities (5,484) (10,905) (10,734)
Effect of exchange rate changes on cash (767) (362) 260
Net increase in cash and cash equivalents 14,078 9,384 8,803
Cash at beginning of year 60,974 51,590 42,787
Cash at end of year 75,052 60,974 51,590
Cash paid during the period for income taxes 4,970 4,617 3,186
Cash paid during the period for interest $ 0 $ 0 $ 0