Company: ICUI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000883984-25-000016
Chunk: 58

Company: ICU MEDICAL INC/DE
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 58
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 of March 31, 2025$1,455,113 Intangible Assets, Net

26

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

    Intangible assets, carried at cost less accumulated amortization and amortized on a straight-line basis, were as follows (in thousands): Weighted-Average Amortization Life in YearsMarch 31, 2025 CostAccumulatedAmortizationNetPatents10$37,697 $23,519 $14,178 Customer contracts129,770 7,050 2,720 Non-contractual customer relationships8549,630 251,139 298,491 Trademarks15,425 5,425 — Trade name1518,240 8,659 9,581 Developed technology(1) 10622,438 244,464 377,974 Non-compete39,100 9,100 — Total amortized intangible assets $1,252,300 $549,356 $702,944 Internally developed software(1) $13,723 $13,723 Total intangible assets$1,266,023 $549,356 $716,667 ______________________________ (1) Internally developed software will be amortized when the projects are complete and the assets are ready for their intended use. Weighted-Average Amortization Life in YearsDecember 31, 2024 CostAccumulatedAmortizationNetPatents10$36,811 $22,913 $13,898 Customer contracts129,818 6,994 2,824 Non-contractual customer relationships8546,404 236,267 310,137 Trademarks15,425 5,425 — Trade name1518,239 8,357 9,882 Developed technology(1) 10619,540 227,869 391,671 Non-compete39,100 9,100 — Total amortized intangible assets $1,245,337 $516,925 $728,412 Internally developed software(2) $12,377 $12,377 Total intangible assets$1,257,714 $516,925 $740