Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 56

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 56
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OLIDATED FINANCIAL STATEMENTS(Continued)

Three months ended June 30,Six months ended June 30,2025202420252024Operating lease cost$5,103 $5,638 $10,129 $11,452 Finance lease cost — interest107 47 161 80 Finance lease cost — reduction of ROU asset623 301 812 555 Short-term lease cost5 — 7 — Total lease cost $5,838 $5,986 $11,109 $12,087     Interest expense on our finance leases is included in interest expense, net in our condensed consolidated statements of operations. The reduction of the operating and finance ROU assets is included as noncash lease expense in costs of goods sold and selling, general and administrative expenses in our condensed consolidated statements of operations.    The following table presents the supplemental cash flow information related to our leases (in thousands):Six months ended June 30,20252024Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$8,906 $11,730 Operating cash flows from finance leases$161 $80 Right-of-use assets obtained in exchange for lease obligations:Operating leases$11,654 $8,650 Finance leases$1,713 $1,202     The following table presents the supplemental balance sheet information related to our operating leases (in thousands, except lease term and discount rate):As ofJune 30, 2025December 31, 2024Operating leasesOperating lease right-of-use assets$58,888$53,295Accrued liabilities$13,201$15,695Other long-term liabilities49,43140,777Total operating lease liabilities$62,632$56,472Weighted-Average Remaining Lease TermOperating leases6.6 years5.8 yearsWeighted-Average Discount RateOperating leases5.31 %4.90 %    The following table presents the supplemental balance sheet information related to our finance leases (in thousands, except lease term and discount rate):

18

ICU MEDICAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Continued)

As ofJune 30, 2025December 31, 2024Finance leasesFinance lease right-of-use assets$4,372$3,259Accrued liabilities$1,535$1