Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 347

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 347
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 do not include optional periods of extension in our current lease terms because we determined the exercise of options to extend is not reasonably certain.        The following table presents the components of our lease cost (in thousands):

87

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

Year ended December 31,202420232022Operating lease cost$22,037 $24,024 $22,038 Finance lease cost — interest182 125 112 Finance lease cost — reduction of ROU asset1,158 1,035 712 Short-term lease cost9 29 7 Total lease cost $23,386 $25,213 $22,869 Interest expense on our finance leases is included in interest expense, net in our consolidated statements of operations. The reduction of the operating and finance ROU assets is included as noncash lease expense in costs of goods sold and selling, general and administrative expenses in our consolidated statements of operations.The following table presents the supplemental cash flow information related to our leases (in thousands):Year ended December 31,202420232022Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$24,251 $24,604 $25,225 Operating cash flows from finance leases$182 $125 $112 Right-of-use assets obtained in exchange for lease obligations:Operating leases$12,580 $15,873 $5,994 Finance leases$1,809 $1,028 $715 The following table presents the supplemental balance sheet information related to our operating leases (in thousands, except lease term and discount rate):As of December 31,20242023Operating leasesOperating lease right-of-use assets$53,295$69,909Accrued liabilities$15,695$20,161Other long-term liabilities40,77752,972Total operating lease liabilities$56,472$73,133Weighted-Average Remaining Lease TermOperating leases5.8 years5.6 yearsWeighted-Average Discount RateOperating leases4.90 %4.31 %The following table presents the supplemental balance sheet information related to our finance leases (in thousands, except lease term and discount rate):

88

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

As of December 31,202