Atrion corp (ATRI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

36,761

34,255

36,593

27,581

28,925

27,808

26,582

23,629

26,038

20,952

16,843

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

10,853

9,123

8,677

8,953

8,823

8,723

8,592

7,610

6,544

7,041

7,163

Deferred income taxes

1,809

-625

-1,374

-247

-1,431

2

-923

1,462

2,584

309

608

Stock-based compensation

1,682

1,659

1,602

1,566

1,841

2,209

1,586

1,482

1,047

606

668

Net change in unrealized gains and losses on investments

135

1,399

-

-345

-2,413

0

0

-

-

-

-

Net change in accrued interest, premiums, and discounts on investments

-281

47

-195

-

-

-

-

-

-

-

155

Net change in accrued interest, premiums, and discounts on investments

-6

-18

49

-37

100

340

556

817

824

-183

-

Other

-

-

-

0

-17

-29

-30

0

-

-

-

Total adjustments

50,683

45,840

45,352

38,161

40,688

39,111

36,423

35,000

37,037

28,725

26,271

Pension charge

-

-

-

-

-

-

-

-

-

-

989

Changes in operating assets and liabilities:
Accounts receivable

1,872

62

88

546

-371

2,798

1,110

1,831

-298

495

151

Inventories

8,521

4,218

339

-756

1,749

1,756

2,487

-803

7,182

-1,275

-1,494

Prepaid expenses and other current assets

697

43

18

247

-1,786

3,117

-1,507

797

1,263

69

262

Other non-current assets

425

87

75

673

103

22

17

77

-18

57

-434

Accounts payable and accrued liabilities

1,254

725

213

-324

-492

968

1,768

-2,465

2,008

1,075

643

Accrued income and other taxes

-200

-127

336

81

-128

-396

388

-370

283

-5

-174

Other non-current liabilities

849

1,084

1,330

195

54

-767

104

-894

341

609

144

Cash flows from investing activities:
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total

42,465

43,236

47,037

37,403

40,427

31,223

36,576

29,369

31,540

31,058

28,399

Property, plant and equipment additions

20,446

17,507

9,677

10,639

9,323

12,671

7,503

10,347

11,999

4,293

6,591

Purchase of patents

-

-

-

-

-

-

2,150

0

-

-

-

Purchase of investments

83,721

28,472

69,193

30,799

168

33,115

0

26,566

14,723

19,117

15,485

Proceeds from sale of investments

-

-

-

210

0

0

-

-

-

-

-

Proceeds from maturities of investments

59,331

40,898

58,000

5,000

13,400

35,975

7,639

19,750

14,290

4,000

4,625

Net Cash Provided by (Used in) Investing Activities, Continuing Operations, Total

-44,836

-5,081

-20,870

-36,228

3,909

-9,811

-2,014

-17,163

-12,432

-19,410

-17,606

Cash flows from financing activities:
Exercise of stock options

-

-

-

-

-

-

-

731

-

542

459

Shares tendered for employees’ withholding taxes on stock-based compensation

579

90

7,735

1,112

154

376

0

1,136

78

725

122

Tax benefit related to stock-based compensation

-

-

-

-

156

168

15

1,412

79

1,239

121

Purchase of treasury stock

-

-

-

1,276

30,698

23,556

9,196

5,344

1,513

1,407

-

Dividends paid

10,755

9,448

8,318

7,111

6,069

5,432

4,821

24,460

3,676

21,321

2,613

Net Cash Provided by (Used in) Financing Activities, Continuing Operations, Total

-11,334

-9,538

-16,053

-9,499

-36,765

-29,196

-14,002

-28,797

-5,188

-21,672

-2,155

Net change in cash and cash equivalents

-13,705

28,617

10,114

-8,324

7,571

-7,784

20,560

-16,591

13,920

-10,024

8,638

Cash paid for:
Income taxes

4,178

9,858

4,959

10,750

12,900

17,475

8,036

10,357

11,921

9,080

8,170

Non-cash financing activities:
Non-cash effect of stock option exercises

-

-

10,237

0

0

-

-

-

-

-

-