Company: ICUI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000883984-25-000035
Chunk: 64

Company: ICU MEDICAL INC/DE
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 64
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 CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Continued)

Three months ended September 30,Nine months ended September 30,2025202420252024Operating lease cost$4,648 $5,786 $14,778 $17,239 Finance lease cost — interest136 45 296 126 Finance lease cost — reduction of ROU asset617 292 1,429 847 Short-term lease cost— 3 7 3 Total lease cost $5,401 $6,126 $16,510 $18,215     Interest expense on our finance leases is included in interest expense, net in our condensed consolidated statements of operations. The reduction of the operating and finance ROU assets is included as noncash lease expense in costs of goods sold and selling, general and administrative expenses in our condensed consolidated statements of operations.    The following table presents the supplemental cash flow information related to our leases (in thousands):Nine months ended September 30,20252024Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$13,531 $19,175 Operating cash flows from finance leases$296 $126 Right-of-use assets obtained in exchange for lease obligations:Operating leases$12,195 $10,340 Finance leases$3,728 $1,257     The following table presents the supplemental balance sheet information related to our operating leases (in thousands, except lease term and discount rate):As ofSeptember 30, 2025December 31, 2024Operating leasesOperating lease right-of-use assets$56,598$53,295Accrued liabilities$13,552$15,695Other long-term liabilities46,62440,777Total operating lease liabilities$60,176$56,472Weighted-Average Remaining Lease TermOperating leases6.4 years5.8 yearsWeighted-Average Discount RateOperating leases5.34 %4.90 %    The following table presents the supplemental balance sheet information related to our finance leases (in thousands, except lease term and discount rate):

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

As ofSeptember 30, 2025December 31, 2024Finance leasesFinance lease right-of-use assets$5,804$3,259Accrued