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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,214 $ 3,534
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 155 149
Amortization 1,596 1,646
Provision for losses on accounts receivable 1 8
Operating Lease, Right-of-Use Asset, Amortization Expense 13 14
Deferred income taxes (3) (144)
Stock-based compensation expense 50 43
Tax benefit attributable to exercise of stock options 2 0
Changes in operating assets and liabilities    
Accounts receivable and other receivables 1,789 (578)
Inventories (1,084) (809)
Prepaid expenses and other current assets 25 (109)
Accounts payable (193) 695
Accrued expenses 350 597
Total adjustments 2,701 1,512
Net cash provided by operating activities 6,915 5,046
CASH FLOWS FROM INVESTING ACTIVITIES    
Property and equipment (43) (237)
Net cash used in investing activities (43) (237)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock - options 21 19
Payment of dividends (1,070) 0
Net cash provided by/(used in) financing activities (1,049) 19
Effect of exchange rate changes on cash 37 71
Net increase in cash and cash equivalents 5,860 4,899
Cash at beginning of period 75,052 60,974
Cash at end of period 80,912 65,873
Cash paid during the period for income taxes 129 82
Cash paid during the period for interest $ 0 $ 0