Company: ICUI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000883984-25-000035
Chunk: 133

Company: ICU MEDICAL INC/DE
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 133
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 Revenue, were determined to be a single operating segment as discrete financial information by product-line is limited to revenue and standard cost. Other cost of sale expenses, which include above-site manufacturing costs, manufacturing variances and supply chain costs including freight and warehousing are not allocated to individual product lines. Similarly, quality, regulatory and other operating expenses are only provided to our chief operating decision maker ("CODM") at the consolidated level.For information on disaggregation of revenues by product-line and geography, see Note 5: Revenue.Our chief executive officer is our CODM. Our CODM uses net profit (loss) to manage our business activities on a consolidated basis and to evaluate and assess the performance of the Company when determining how to allocate capital resources. Our segment performance is monitored and resource allocation is determined during the consolidated annual budget/forecast processes. The measure of segment assets is reported on the consolidated balance sheets as total assets. Expenditures for additions to long-lived assets were $31.7 million and $70.6 million for the three and nine months ended September 30, 2025 and $22.9 million and $63.6 million for the three and nine months ended September 30, 2024, respectively. The following table presents information about our segment revenue, segment profit or loss, and significant segment expenses (in thousands):Three months ended September 30,Nine months ended September 30,2025202420252024REVENUES$536,990 $589,131 $1,690,558 $1,752,241 Less:Standard COGS(1)230,728 296,622 773,952 878,052 Quality remediation/recall(2)13,797 7,737 29,483 19,159 Other COGS(3)91,584 79,920 268,069 257,506 Selling, general and administrative152,773 162,707 469,398 479,913 Research and development21,251 21,028 66,409 66,260 Restructuring and integration13,138 16,828 46,053 50,069 Other segment items(4)(5,997)(5,070)(53,623)(4,842)Interest expense22,229 27,287 70,557 80,353 Income tax provision(658)15,055 5,090 19,631