Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 221

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 221
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 judgments related to these arrangements include: •Identifying the various performance obligations of these arrangements.•Estimating the relative standalone selling price of each performance obligation, typically using a directly observable method or calculated on a cost plus margin basis method. Revenue disaggregatedThe following table represents our revenues disaggregated by product line (in thousands) and our disaggregated product line revenue as a percentage of total revenue:Year ended December 31,202420232022Product lineRevenue% of RevenueRevenue% of RevenueRevenue% of RevenueConsumables$1,038,869 44 %$969,129 43 %$974,993 43 %Infusion Systems652,410 27 %629,043 28 %617,435 27 %Vital Care690,767 29 %660,954 29 %687,569 30 %Total Revenues$2,382,046 100 %$2,259,126 100 %$2,279,997 100 %    We report revenue on a "where sold" basis, which reflects the revenue within the country or region in which the ultimate sale is made to our external customer.        The following table represents our revenues disaggregated by geography (in thousands):

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

Year ended December 31,Geography202420232022United States$1,532,104 $1,440,017 $1,460,069 Europe, the Middle East and Africa393,530 373,571 367,411 Asia-Pacific232,820 241,699 257,208 Other Foreign223,592 203,839 195,309 Total Revenues$2,382,046 $2,259,126 $2,279,997 Domestic sales accounted for 64%, 64% and 64% of total revenue in 2024, 2023 and 2022, respectively. International sales accounted for 36%, 36% and 36% of total revenue in 2024, 2023 and 2022, respectively.Contract balancesOur contract balances (deferred revenue) are recorded in accrued liabilities and other long-term liabilities in our consolidated balance sheet (see Note 12: Accrued Liabilities and Other Long-term Liabilities). The following table presents the changes in our