Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 134

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 134
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     Inventories are stated at the lower of cost or net realizable value with cost determined using the first-in, first-out method. Inventory costs include material, labor and overhead related to the manufacturing of our products. Inventories consist of the following (in thousands): As of June 30, 2025December 31, 2024Raw materials$283,874 $265,275 Work in process48,317 37,528 Finished goods284,283 281,873 Total inventories$616,474 $584,676 

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

_____________________________As of December 31, 2024, inventory 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 sheets (See Note 4:Assets Held For Sale and Disposal of Business).

Note 14:      Property, Plant and Equipment

Property, plant and equipment consists of the following (in thousands): As of June 30, 2025December 31, 2024Machinery and equipment(1)$421,294 $400,861 Land, building and building improvements(1)178,951 177,089 Molds101,730 96,318 Computer equipment and software(1)122,202 122,208 Furniture and fixtures(1)27,866 27,871 Instruments placed with customers(2)142,010 124,290 Construction in progress(1)88,719 87,006 Total property, plant and equipment, cost(1)1,082,772 1,035,643 Accumulated depreciation(1)(630,330)(592,897)Property, plant and equipment, net(1)$452,442 $442,746 ______________________________ (1)      As of December 31, 2024, certain property, plant and equipment category 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