Company: ICUI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000883984-25-000035
Chunk: 62

Company: ICU MEDICAL INC/DE
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 62
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 expense22,229 27,287 70,557 80,353 Income tax provision(658)15,055 5,090 19,631   Equity in losses (earnings) of unconsolidated affiliates1,541 — (1,296)— Consolidated net income (loss)$(3,396)$(32,983)$16,466 $(93,860)_______________(1) Represents the average annual budgeted cost of producing each good sold in the period.(2) Represents significant labor and material costs to replace or repair a product outside the scope of standard warranty and compliance costs related to quality systems and manufacturing operations. (3) Includes costs related to capitalized manufacturing variances to standard COGS, supply chain and logistics costs including freight, inventory management and reserves, hardware service, quality and regulatory, and operations and supply chain management costs.(4) Includes changes in fair value of contingent earn-out, interest income, gain/loss on disposition of assets, gain/loss on foreign exchange, other miscellaneous income/expense, and gain on sale of business. For information on depreciation expense, see Note 14: Property, Plant, & Equipment. For information on amortization expense, see Note 15: Goodwill and Intangible Assets, Net.Significant Customers We sell products worldwide, on credit terms on an unsecured basis, as an OEM supplier, to independent medical supply distributors and directly to end customers. The manufacturers and distributors, in turn, sell our products to healthcare providers. For the three and nine months ended September 30, 2025, our consolidated worldwide net sales to a single distributor were 17%, and 17%, respectively, and for the three and nine months ended September 30, 2024, were 18% and 17%.

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

Geographic InformationThe table below presents our gross long-lived assets, consisting of property, plant and equipment, by country or region (in thousands): As of September 30, 2025December 31, 2024Costa Rica163,685 156,149 Mexico122,523 111,043 Other LATAM67,330 55,451 Canada1,903 5,284 Italy34,979 29,124 Spain20,048 17,141