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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,414 $ 7,638
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 310 302
Amortization 3,207 3,257
Provision for (recovery of) losses on accounts receivable (26) 26
Amortization of Right of Use Assets 26 26
Deferred income taxes (137) (286)
Stock-based compensation expense 100 83
Tax benefit attributable to exercise of stock options 9 0
Changes in operating assets and liabilities    
Accounts receivable and other receivables 2,044 102
Inventories (1,245) (930)
Prepaid expenses and other current assets 3 (47)
Accounts payable 114 64
Accrued expenses (991) (357)
Total adjustments 3,414 2,240
Net cash provided by operating activities 11,828 9,878
CASH FLOWS FROM INVESTING ACTIVITIES    
Property and equipment (363) (450)
Intangible assets 0 (9)
Net cash used in investing activities (363) (459)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock - options 81 23
Common stock purchased and retired 0 (2,495)
Payment of dividends (2,140) (1,060)
Net cash used in financing activities (2,059) (3,532)
Effect of exchange rate changes on cash 161 (637)
Net increase in cash and cash equivalents 9,567 5,250
Cash at beginning of period 75,052 60,974
Cash at end of period 84,619 66,224
Cash paid during the period for income taxes 2,546 2,467
Cash paid during the period for interest $ 0 $ 0