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UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED CONDENSED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 10,972 $ 12,349
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 530 465
Amortization 1,548 4,824
Provision for (recovery of) losses on accounts receivable (6) (31)
Amortization of Right of Use Assets 38 39
Deferred income taxes (417) (284)
Stock-based compensation expense 184 153
Tax benefit attributable to exercise of stock options 20 12
Changes in operating assets and liabilities    
Accounts receivable and other receivables (306) 2,133
Inventories 508 (925)
Prepaid expenses and other current assets 54 19
Accounts payable 229 (712)
Accrued expenses (1,460) (1,093)
Total adjustments 922 4,600
Net cash provided by operating activities 11,894 16,949
CASH FLOWS FROM INVESTING ACTIVITIES    
Property and equipment (221) (549)
Intangible assets (5) 0
Proceeds from sale of property and equipment 27 0
Net cash used in investing activities (199) (549)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock - options 390 117
Common stock purchased and retired (13,259) 0
Payment of dividends (3,222) (3,211)
Net cash used in financing activities (16,091) (3,094)
Effect of exchange rate changes on cash (20) (149)
Net increase/(decrease) in cash and cash equivalents (4,416) 13,157
Cash at beginning of period 92,868 75,052
Cash at end of period 88,452 88,209
Cash paid during the period for income taxes 3,713 3,489
Cash paid during the period for interest $ 0 $ 0