Company: ICUI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000883984-25-000016
Chunk: 31

Company: ICU MEDICAL INC/DE
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 31
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Item1.Financial Statements (Unaudited)

ICU MEDICAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value data and treasury shares) 

 March 31,2025December 31,2024 (Unaudited)(1)ASSETS  CURRENT ASSETS:  Cash and cash equivalents$289,704 $308,566 Accounts receivable, net of allowance for doubtful accounts $13,403 at March 31, 2025 and $12,977 at December 31, 2024170,928 182,828 Inventories590,326 584,676 Prepaid income taxes11,471 11,244 Prepaid expenses and other current assets75,364 70,287 Assets held for sale286,122 284,382 TOTAL CURRENT ASSETS1,423,915 1,441,983 PROPERTY, PLANT AND EQUIPMENT, net441,983 442,746 OPERATING LEASE RIGHT-OF-USE ASSETS58,025 53,295 GOODWILL1,455,113 1,432,772 INTANGIBLE ASSETS, net716,667 740,789 DEFERRED INCOME TAXES24,247 24,211 OTHER ASSETS64,631 68,135 TOTAL ASSETS$4,184,581 $4,203,931 LIABILITIES AND STOCKHOLDERS’ EQUITY  CURRENT LIABILITIES:  Accounts payable$180,409 $148,020 Accrued liabilities278,892 306,923 Current portion of long-term debt47,813 51,000 Income tax payable12,246 17,328 Liabilities held for sale29,664 32,911 TOTAL CURRENT LIABILITIES549,024 556,182 LONG-TERM DEBT1,488,565 1,531,858 OTHER LONG-TERM LIABILITIES77,637 66,745 DEFERRED INCOME TAXES45,493 48,814 INCOME TAX LIABILITY36,173 35,097 COMMITMENTS AND CONTINGENCIES (Note 20)STOCKHOLDERS’ EQUITY:  Convertible preferred stock, $1.00 par value; Authorized — 500 shares; Issued and outstanding —