Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 359

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 359
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716 $16,762 $23,478 Accrued liabilities$7,391 $— $7,391 Total liabilities$7,391 $— $7,391 Derivatives Designated as Cash Flow Hedging InstrumentsAs of December 31, 2023Foreign Exchange Forward ContractsForward-Starting Interest Rate SwapsGross DerivativesPrepaid expenses and other current assets$6,785 $23,065 $29,850 Other assets673 4,876 5,549 Total assets$7,458 $27,941 $35,399 Accrued liabilities$2,590 $— $2,590 Other long-term liabilities240 — 240 Total liabilities$2,830 $— $2,830     The following table presents the effects of our derivative instruments designated as cash flow hedges on the Consolidated Statements of Operations (in thousands):

95

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

Gain Reclassified From Accumulated Other Comprehensive (Loss) Income into IncomeLocation of Gain in the Consolidated Statements of OperationsYear Ended December 31,202420232022Derivatives designated as cash flow hedging instruments:Foreign exchange forward contractsTotal revenues$2,981 $296 $3,829 Foreign exchange forward contractsCost of goods sold91 7,852 7,751 Foreign exchange forward contractsOther expense, net(1)— 229 — Foreign exchange forward contractsInterest expense(2)— 13 717 Interest rate swapsInterest expense27,132 32,444 6,122 Total derivatives designated as cash flow hedging instruments$30,204 $40,834 $18,419 _______________________________(1)    Represents location of gain reclassified from accumulated other comprehensive (loss) income into other expense, net as a result of ineffectiveness.(2)    Represents location of gain reclassified from accumulated other comprehensive (loss) income into interest expense as a result of a forecasted transaction being no longer probable of occurring.We recognized the following (losses) gains on our derivative instruments designated as cash flow hedges in other comprehensive loss before reclassifications to income (in thousands):Amount of Gain Recognized in Other Comprehensive Loss Year Ended December 31,202420232022Derivatives designated as cash flow