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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 16,635 $ 16,473 $ 14,788
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 623 612 636
Amortization 5,692 6,417 6,645
Provision for losses on accounts receivable (33) 30 24
Amortization of operating lease assets 53 53 3
Deferred income taxes (693) (401) (92)
Stock-based compensation expense 225 183 166
Tax benefit attributable to exercise of stock options 12 6 39
Accounts receivable 2,270 (511) (1,088)
Other receivables 0 (14) (42)
Inventories (670) (2,353) (485)
Prepaid expenses and other current assets 45 (64) (81)
Accounts payable (456) 464 (23)
Accrued expenses (1,422) 252 713
Net cash provided by operating activities 22,281 21,147 21,203
Cash flows from investing activities      
Property and equipment (639) (809) (552)
Intangible assets 0 (9) 0
Net cash (used in) investing activities (639) (818) (552)
Cash flows from financing activities      
Proceeds from issuance of common stock - options 117 174 560
Common stock purchased and retired 0 (2,495) 0
Dividends paid (4,282) (3,163) (11,465)
Net cash (used in) financing activities (4,165) (5,484) (10,905)
Effect of exchange rate changes on cash 339 (767) (362)
Net increase in cash and cash equivalents 17,816 14,078 9,384
Cash at beginning of year 75,052 60,974 51,590
Cash at end of year 92,868 75,052 60,974
Cash paid during the year for income taxes 4,827 4,970 4,617
Cash paid during the year for interest $ 0 $ 0 $ 0