Company: ICUI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000883984-25-000016
Chunk: 115

Company: ICU MEDICAL INC/DE
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 115
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 2025 and December 31, 2024, inventory account balances that are part of a disposal group that met the criteria for assets held for sale during the fourth quarter of 2024 were combined with other disposal group assets and presented as a separate line item "Assets Held For Sale" in our consolidated balance sheets (See Note 4:Assets Held For Sale).

Note 14:      Property, Plant and Equipment

Property, plant and equipment consists of the following (in thousands): As of March 31, 2025December 31, 2024Machinery and equipment(1)$410,681 $400,861 Land, building and building improvements(1)174,125 177,089 Molds99,480 96,318 Computer equipment and software(1)122,237 122,208 Furniture and fixtures(1)27,329 27,871 Instruments placed with customers(2)131,248 124,290 Construction in progress(1)84,790 87,006 Total property, plant and equipment, cost(1)1,049,890 1,035,643 Accumulated depreciation(1)(607,907)(592,897)Property, plant and equipment, net(1)$441,983 $442,746 ______________________________ (1)      As of March 31, 2025 and December 31, 2024, certain property, plant and equipment category account balances that are part of a disposal group that met the criteria for assets held for sale during the fourth quarter of 2024 were combined with other disposal group assets and presented as a separate line item "Assets held For Sale" in our consolidated balance sheets. (2)    Instruments placed with customers consist of drug-delivery and monitoring systems placed with customers under operating leases.Depreciation expense was $16.9 million and $22.4 million for the three months ended March 31, 2025 and 2024, respectively, of which $14.8 million and $19.4 million, respectively, are included in cost of goods sold.

Note 15:  Goodwill and Intangible Assets, Net

Goodwill    The following table presents the changes in the carrying amount of our goodwill (in thousands):TotalBalance as of January 1, 2025$1,432,772 Currency translation22,341 Balance as of