Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 314

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 314
---
 may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ DELOITTE & TOUCHE LLP

Costa Mesa, California

February 27, 2025 

61

ICU MEDICAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except par value data and treasury shares) 

December 31,20242023ASSETSCURRENT ASSETS:Cash and cash equivalents$308,566 $254,222 Short-term investment securities— 501 TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENT SECURITIES308,566 254,723 Accounts receivable, net of allowance of $12,977 and $11,064 at December 31, 2024 and 2023, respectively182,828 161,566 Inventories584,676 709,360 Prepaid income taxes11,244 21,983 Prepaid expenses and other current assets70,287 73,640 Assets held for sale284,382 — TOTAL CURRENT ASSETS1,441,983 1,221,272 PROPERTY, PLANT AND EQUIPMENT, net442,746 612,909 OPERATING LEASE RIGHT-OF-USE ASSETS53,295 69,909 GOODWILL1,432,772 1,472,446 INTANGIBLE ASSETS, net740,789 870,588 DEFERRED INCOME TAXES24,211 37,295 OTHER ASSETS68,135 94,020 TOTAL ASSETS$4,203,931 $4,378,439 LIABILITIES AND STOCKHOLDERS’ EQUITY  CURRENT LIABILITIES:  Accounts payable$148,020 $150,030 Accrued liabilities306,923 268,215 Current portion of long-term debt51,000 51,000 Income tax payable17,328 7,714 Contingent earn-out liability— 4,879 Liabilities held for sale32,911 — TOTAL CURRENT LIABILITIES556,182 481,838 CONTINGENT EARN-OUT LIABILITY— 3,