Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 121

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 121
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forecast processes. The measure of segment assets is reported on the consolidated balance sheets as total assets. Expenditures for additions to long-lived assets were $22.0 million and $38.9 million for the three and six months ended June 30, 2025 and $21.9 million and $40.7 million for the three and six months ended June 30, 2024, respectively. The following table presents information about our segment revenue, segment profit or loss, and significant segment expenses (in thousands):Three months ended June 30,Six months ended June 30,2025202420252024REVENUES$548,866 $596,455 $1,153,568 $1,163,110 Less:Standard COGS(1)249,816 298,429 543,224 581,430 Quality remediation/recall(2)5,706 3,924 15,686 11,422 Other COGS(3)85,280 86,674 176,485 177,586 Selling, general and administrative159,392 159,549 316,625 317,206 Research and development21,867 23,390 45,158 45,232 Restructuring and integration16,218 17,136 32,915 33,241 Other segment items(4)(46,157)238 (47,626)228 Interest expense23,065 26,648 48,328 53,066 Income tax provision1,178 1,873 5,748 4,576   Equity in earnings of unconsolidated affiliates(2,837)— (2,837)— Consolidated net income (loss)$35,338 $(21,406)$19,862 $(60,877)_______________(1) Represents the average annual budgeted cost of producing each good sold in the period.(2) Represents significant labor and material costs to replace or repair a product outside the scope of standard warranty and compliance costs related to quality systems and manufacturing operations. (3) Includes costs related to capitalized manufacturing variances to standard COGS, supply chain and logistics costs including freight, inventory management and reserves, hardware service, quality and regulatory, and operations and supply chain management costs.(4) Includes changes in fair value of contingent earn-out, interest income, gain/loss on disposition of assets