Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 36

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 36
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Item1.Financial Statements (Unaudited)

ICU MEDICAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value data and treasury shares) 

 June 30,2025December 31,2024 (Unaudited)(1)ASSETS  CURRENT ASSETS:  Cash and cash equivalents$300,025 $308,566 Accounts receivable, net of allowance for doubtful accounts $13,541 at June 30, 2025 and $12,977 at December 31, 2024179,495 182,828 Inventories616,474 584,676 Prepaid expenses and other current assets84,121 81,531 Assets held for sale— 284,382 TOTAL CURRENT ASSETS1,180,115 1,441,983 PROPERTY, PLANT AND EQUIPMENT, net452,442 442,746 OPERATING LEASE RIGHT-OF-USE ASSETS58,888 53,295 GOODWILL1,501,920 1,432,772 INTANGIBLE ASSETS, net698,009 740,789 DEFERRED INCOME TAXES23,068 24,211 OTHER ASSETS61,322 65,097 INVESTMENTS IN UNCONSOLIDATED AFFILIATES131,625 3,038 TOTAL ASSETS$4,107,389 $4,203,931 LIABILITIES AND STOCKHOLDERS’ EQUITY  CURRENT LIABILITIES:  Accounts payable$168,820 $148,020 Accrued liabilities313,798 306,923 Current portion of long-term debt— 51,000 Income tax payable159 17,328 Liabilities held for sale— 32,911 TOTAL CURRENT LIABILITIES482,777 556,182 LONG-TERM DEBT1,337,731 1,531,858 OTHER LONG-TERM LIABILITIES96,289 66,745 DEFERRED INCOME TAXES43,220 48,814 INCOME TAX LIABILITY31,596 35,097 COMMITMENTS AND CONTINGENCIES (Note 20)STOCKHOLDERS’ EQUITY:  Convertible preferred stock, $1.00 par value; Authorized — 500 shares; Issued and outstanding — none