Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 197

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 197
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 — (117,688)— (117,688)Balance, December 31, 202424,518 $2,452 $1,412,118 $(92)$690,158 $(139,401)$1,965,235 

 The accompanying notes are an integral part of these consolidated financial statements.

65

ICU MEDICAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

 Year ended December 31, 202420232022CASH FLOWS FROM OPERATING ACTIVITIES:  Net Loss$(117,688)$(29,655)$(74,286)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:  Depreciation and amortization219,512 228,774 235,151 Noncash expense for inventory step-up— — 26,519 Noncash lease expense21,344 21,910 23,651 Provision for doubtful accounts5,800 838 1,036 Provision for warranty and returns1,130 21,582 4,902 Stock compensation46,883 40,563 36,025 Loss on disposal or write-off of property, plant and equipment2,522 2,109 2,010 Debt issuance cost amortization6,807 6,814 6,972 Change in fair value of contingent earn-out(5,399)(16,247)(32,091)Usage of spare parts18,298 17,050 11,924 Other7,393 8,066 (213)Changes in operating assets and liabilities, net of amounts acquired:  Accounts receivable(46,844)48,635 (19,151)Inventories16,829 (6,079)(201,095)Prepaid expenses and other current assets(8,829)11,672 22,903 Other assets(23,154)(24,695)(21,290)Accounts payable12,531 (68,301)37,472 Accrued liabilities20,668 (14,479)(55,834)Income taxes, including excess tax benefits and deferred income taxes26,230 (82,356)(66,734)Net cash provided by (used in) operating activities204,033 166,201