Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 66

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 66
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 30, 2025December 31, 2024Other prepaid expenses and receivables*$29,645 $17,312 Prepaid insurance and property taxes*6,358 10,284 VAT/GST receivable10,031 4,445 Interest rate contracts**— 11,038 Prepaid income taxes14,810 11,244 Other*23,277 27,208  $84,121 $81,531 ____________________________*As of December 31, 2024, certain prepaid expense 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 sheet (See Note 4:Assets Held For Sale and Disposal of Business).**See Note 9: Derivatives and Hedging Activities

Note 13:  Inventories

     Inventories are stated at the lower of cost or net realizable value with cost determined using the first-in, first-out method. Inventory costs include material, labor and overhead related to the manufacturing of our products. Inventories consist of the following (in thousands): As of June 30, 2025December 31, 2024Raw materials$283,874 $265,275 Work in process48,317 37,528 Finished goods284,283 281,873 Total inventories$616,474 $584,676 

25

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

_____________________________As of 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 and Disposal of Business).

Note 14:      Property, Plant and Equipment

Property, plant and equipment consists of the following (in thousands): As of June 30, 2025December 31, 2024Machinery and equipment(1)$421,294 $400,861 Land, building and building improvements(1)178,