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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,409 $ 8,414
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 327 310
Amortization 1,023 3,207
Provision for (recovery of) losses on accounts receivable (6) (26)
Amortization of Right of Use Assets 26 26
Deferred income taxes (364) (137)
Stock-based compensation expense 131 100
Tax benefit attributable to exercise of stock options 20 9
Changes in operating assets and liabilities    
Accounts receivable and other receivables (297) 2,044
Inventories 441 (1,245)
Prepaid expenses and other current assets 45 3
Accounts payable 66 114
Accrued expenses (783) (991)
Total adjustments 629 3,414
Net cash provided by operating activities 8,038 11,828
CASH FLOWS FROM INVESTING ACTIVITIES    
Property and equipment (132) (363)
Intangible assets (5) 0
Proceeds from sale of property and equipment 27 0
Net cash used in investing activities (110) (363)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock - options 390 81
Common stock purchased and retired (9,393) 0
Payment of dividends (2,170) (2,140)
Net cash used in financing activities (11,173) (2,059)
Effect of exchange rate changes on cash (404) 161
Net increase in cash and cash equivalents (3,649) 9,567
Cash at beginning of period 92,868 75,052
Cash at end of period 89,219 84,619
Cash paid during the period for income taxes 2,791 2,546
Cash paid during the period for interest $ 0 $ 0