Company: ICUI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000883984-25-000016
Chunk: 109

Company: ICU MEDICAL INC/DE
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 109
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IESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Continued)

Derivatives Designated as Cash Flow Hedging InstrumentsCondensed Consolidated Balance Sheet LocationForeign Exchange ContractsInterest Rate SwapsGross DerivativesAs of March 31, 2025Prepaid expenses and other current assets$3,560 $8,403 $11,963 Other assets— 512 512 Total assets$3,560 $8,915 $12,475 Accrued liabilities$4,335 $— $4,335 Total liabilities$4,335 $— $4,335 As of December 31, 2024Prepaid expenses and other current assets$6,716 $11,038 $17,754 Other assets— 5,724 5,724 Total assets$6,716 $16,762 $23,478 Accrued liabilities$7,391 $— $7,391 Total liabilities$7,391 $— $7,391 We recognized the following (losses) gains on our derivative instruments designated as cash flow hedges in other comprehensive income before reclassifications to net loss (in thousands):(Losses) Gains Recognized in Other Comprehensive Income (Loss)Three months ended March 31,20252024Derivatives designated as cash flow hedging instruments:Foreign exchange forward contracts$(174)$4,940 Interest rate swaps(4,091)13,393 Total derivatives designated as cash flow hedging instruments$(4,265)$18,333 The following table presents the effects of our derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Operations (in thousands):Gains (Losses) Reclassified From Accumulated Other Comprehensive Income (Loss) into IncomeThree months ended March 31,Location of Gains (Losses)  Recognized in Net Loss20252024Derivatives designated as cash flow hedging instruments:Foreign exchange forward contractsTotal revenues$709 $700 Foreign exchange forward contractsCost of goods sold(1,014)1,280 Interest rate swapsInterest expense3,756 7,964 Total derivatives designated as cash flow hedging instruments$3,451 $9,944 

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ICU MEDICAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FIN