Company: ICUI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000883984-25-000035
Chunk: 146

Company: ICU MEDICAL INC/DE
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 146
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2 million for the three and nine months ended September 30, 2025, respectively. There were no such balances in 2024. We did not receive any dividend distributions from these investments during the three and nine months ended September 30, 2025 and 2024.

26

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

Note 12:      Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands): As of September 30, 2025December 31, 2024Other prepaid expenses and receivables*$25,691 $17,312 Deferred costs11,488 9,060 Prepaid insurance and property taxes*3,024 10,284 Interest rate contracts**3,977 11,038 Prepaid income taxes26,311 11,244 Other*23,083 22,593  $93,574 $81,531 ____________________________*As of December 31, 2024, certain prepaid expense 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 sheet (See Note 4:Assets Held For Sale and Disposal of Business).**See Note 9: Derivatives and Hedging Activities

Note 13:  Inventories

     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 September 30, 2025December 31, 2024Raw materials$293,690 $265,275 Work in process44,401 37,528 Finished goods284,352 281,873 Total inventories$622,443 $584,676 _____________________________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