Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 41

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 41
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ITIES:  Net income (loss)$19,862 $(60,877)Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization99,110 110,844 Noncash lease expense9,308 10,524 Stock compensation26,636 22,596 Loss (gain) on disposal of property, plant and equipment and other assets1,753 (78)Debt issuance costs amortization3,482 3,411 Change in fair value of contingent earn-out liability— (44)Undistributed equity in earnings of unconsolidated affiliates(2,837)— Net gain on sale of business(41,823)— Other8,037 12,781 Changes in operating assets and liabilities, net of amounts acquired: Accounts receivable16,691 6,715 Inventories(29,213)21,095 Prepaid expenses and other current assets(9,208)(12,638)Other assets(5,682)(11,124)Accounts payable14,382 9,432 Accrued liabilities(19,835)20,245 Income taxes, including excess tax benefits and deferred income taxes(28,125)(5,138)Net cash provided by operating activities62,538 127,744 CASH FLOWS FROM INVESTING ACTIVITIES:  Purchases of property, plant and equipment(34,317)(35,382)Proceeds from sale of business209,464 — Proceeds from sale of assets42 692 Intangible asset additions(4,541)(5,364)Proceeds from sale and maturities of investment securities— 500 Net cash provided by (used in) investing activities170,648 (39,554)CASH FLOWS FROM FINANCING ACTIVITIES:  Principal repayments of long-term debt(247,750)(25,500)Proceeds from exercise of stock options5,972 3,074 Payments on finance leases(885)(518)Payments of contingent earn-out liability— (2,600)Tax withholding payments related to net share settlement of equity awards(8,688)(11,685)Net cash used in financing activities(251,351)(37,229)Effect of exchange rate changes on cash9,624 (2,535)NET (DECREASE) INCREASE IN CASH AND C