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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,956 $ 4,214
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 156 155
Amortization 513 1,596
Provision for losses on/(recovery of) accounts receivable (8) 1
Operating Lease, Right-of-Use Asset, Amortization Expense 14 13
Deferred income taxes (192) (3)
Stock-based compensation expense 79 50
Tax benefit attributable to exercise of stock options 9 2
Changes in operating assets and liabilities    
Accounts receivable and other receivables (214) 1,789
Inventories 271 (1,084)
Prepaid expenses and other current assets (87) 25
Accounts payable 230 (193)
Accrued expenses 549 350
Total adjustments 1,320 2,701
Net cash provided by operating activities 5,276 6,915
CASH FLOWS FROM INVESTING ACTIVITIES    
Property and equipment (22) (43)
Proceeds from sale of equipment 27 0
Net cash provided by/(used in) investing activities 5 (43)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock - options 96 21
Common stock purchased and retired (2,990) 0
Payment of dividends (1,089) (1,070)
Net cash used in financing activities (3,983) (1,049)
Effect of exchange rate changes on cash (358) 37
Net increase in cash and cash equivalents 940 5,860
Cash at beginning of period 92,868 75,052
Cash at end of period 93,808 80,912
Cash paid during the period for income taxes 105 129
Cash paid during the period for interest $ 0 $ 0