Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 193

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 193
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 may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ DELOITTE & TOUCHE LLP

Costa Mesa, California

February 27, 2025 

61

ICU MEDICAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except par value data and treasury shares) 

December 31,20242023ASSETSCURRENT ASSETS:Cash and cash equivalents$308,566 $254,222 Short-term investment securities— 501 TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENT SECURITIES308,566 254,723 Accounts receivable, net of allowance of $12,977 and $11,064 at December 31, 2024 and 2023, respectively182,828 161,566 Inventories584,676 709,360 Prepaid income taxes11,244 21,983 Prepaid expenses and other current assets70,287 73,640 Assets held for sale284,382 — TOTAL CURRENT ASSETS1,441,983 1,221,272 PROPERTY, PLANT AND EQUIPMENT, net442,746 612,909 OPERATING LEASE RIGHT-OF-USE ASSETS53,295 69,909 GOODWILL1,432,772 1,472,446 INTANGIBLE ASSETS, net740,789 870,588 DEFERRED INCOME TAXES24,211 37,295 OTHER ASSETS68,135 94,020 TOTAL ASSETS$4,203,931 $4,378,439 LIABILITIES AND STOCKHOLDERS’ EQUITY  CURRENT LIABILITIES:  Accounts payable$148,020 $150,030 Accrued liabilities306,923 268,215 Current portion of long-term debt51,000 51,000 Income tax payable17,328 7,714 Contingent earn-out liability— 4,879 Liabilities held for sale32,911 — TOTAL CURRENT LIABILITIES556,182 481,838 CONTINGENT EARN-OUT LIABILITY— 3,991 LONG-TERM DEBT1,531,858 1,577,770 OTHER LONG-TERM LIABILITIES