Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 133

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 133
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 Business for more information.

24

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

We also own approximately 20% non-marketable equity interest in a nonpublic company and entered into a three-year distribution agreement where we have the exclusive rights to market, sell and distribute the company's products in exchange for a cash payment of $3.3 million. In addition, we were granted an exclusive license for all of the seller's intellectual property. At the expiration of the distribution agreement we have the right but not the obligation to acquire the remaining interest in the business.Our investment in unconsolidated affiliates consist of the following (in thousands):As ofJune 30, 2025December 31, 2024Otsuka ICU Medical LLC$128,662 $— Other equity method investment2,963 3,038 $131,625 $3,038  Our recorded share of our investees' income was $2.8 million for the three and six months ended June 30, 2025. There were no such balances in 2024. We did not receive any dividend distributions from these investments during the three and six months ended June 30, 2025 and 2024.

Note 12:      Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands): As of June 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