UTAH MEDICAL PRODUCTS, INC. CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
| Net income |
$ 11,843
|
$ 11,378
|
$ 11,406
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation |
619
|
637
|
611
|
| Amortization |
2,528
|
2,719
|
2,584
|
| Provision for (recovery of) losses on accounts receivable |
(10)
|
(27)
|
10
|
| Loss on disposal of assets |
1
|
35
|
6
|
| Deferred income taxes |
(901)
|
(500)
|
(1,399)
|
| Stock-based compensation expense |
87
|
74
|
28
|
| (Increase) decrease in accounts receivable |
137
|
(365)
|
213
|
| (Increase) decrease in accrued interest and other receivables |
(91)
|
(100)
|
(241)
|
| (Increase) decrease in inventories |
422
|
(141)
|
(249)
|
| (Increase) decrease in prepaid expenses and other current assets |
28
|
(19)
|
6
|
| Increase (decrease) in accounts payable |
(265)
|
188
|
(216)
|
| Increase (decrease) in accrued expenses |
(597)
|
1,508
|
(28)
|
| Increase (decrease) in deferred revenue |
0
|
0
|
(83)
|
| Increase (decrease) in other liability |
0
|
0
|
(340)
|
| Net cash provided by operating activities |
13,801
|
15,387
|
12,308
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
| Capital expenditures for property and equipment |
(176)
|
(1,110)
|
(339)
|
| Capital expenditures for intangible assets |
(70)
|
(22)
|
(5)
|
| Net cash provided by (used in) investing activities |
(246)
|
(1,132)
|
(344)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
| Proceeds from issuance of common stock - options |
343
|
491
|
787
|
| Common stock purchased and retired |
(683)
|
(1,055)
|
0
|
| Payment of taxes for exchange of stock options |
(42)
|
|
(85)
|
| Tax benefit attributable to exercise of stock options |
114
|
103
|
281
|
| Repayments of notes payable |
(4,777)
|
(4,035)
|
(3,908)
|
| Dividends paid |
(3,846)
|
(3,765)
|
(3,675)
|
| Net cash provided by (used in) financing activities |
(8,891)
|
(8,261)
|
(6,600)
|
| Effect of exchange rate changes on cash |
(660)
|
(1,115)
|
160
|
| NET INCREASE IN CASH AND CASH EQUIVALENTS |
4,004
|
4,879
|
5,524
|
| CASH AT BEGINNING OF YEAR |
19,274
|
14,395
|
8,871
|
| CASH AT END OF YEAR |
23,278
|
19,274
|
14,395
|
| Cash paid during the year for income taxes |
5,341
|
3,094
|
3,971
|
| Cash paid during the year for interest |
$ 65
|
$ 296
|
$ 439
|