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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 13,874 $ 16,635 $ 16,473
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 730 623 612
Amortization 2,065 5,692 6,417
Provision for losses on accounts receivable (4) (33) 30
Amortization of operating lease assets 51 53 53
Deferred income taxes (359) (693) (401)
Stock-based compensation expense 256 225 183
Tax benefit attributable to exercise of stock options 21 12 6
Accounts receivable (835) 2,270 (511)
Other receivables 54 0 (14)
Inventories 587 (670) (2,353)
Prepaid expenses and other current assets (32) 45 (64)
Accounts payable (73) (456) 464
Accrued expenses (1,504) (1,422) 252
Net cash provided by operating activities 14,831 22,281 21,147
Cash flows from investing activities      
Property and equipment (230) (639) (809)
Intangible assets (5) 0 (9)
Proceeds from the sale of property and equipment 27 0 0
Net cash (used in) investing activities (208) (639) (818)
Cash flows from financing activities      
Proceeds from issuance of common stock - options 390 117 174
Common stock purchased and retired (19,968) 0 (2,495)
Dividends paid (4,260) (4,282) (3,163)
Net cash (used in) financing activities (23,838) (4,165) (5,484)
Effect of exchange rate changes on cash (677) 339 (767)
Net increase in cash and cash equivalents (9,892) 17,816 14,078
Cash at beginning of year 92,868 75,052 60,974
Cash at end of year 82,976 92,868 75,052
Income taxes 4,638 4,827 4,970
Interest $ 0 $ 0 $ 0