Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 54

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 54
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228 Interest expense23,065 26,648 48,328 53,066 Income tax provision1,178 1,873 5,748 4,576   Equity in earnings of unconsolidated affiliates(2,837)— (2,837)— Consolidated net income (loss)$35,338 $(21,406)$19,862 $(60,877)_______________(1) Represents the average annual budgeted cost of producing each good sold in the period.(2) Represents significant labor and material costs to replace or repair a product outside the scope of standard warranty and compliance costs related to quality systems and manufacturing operations. (3) Includes costs related to capitalized manufacturing variances to standard COGS, supply chain and logistics costs including freight, inventory management and reserves, hardware service, quality and regulatory, and operations and supply chain management costs.(4) Includes changes in fair value of contingent earn-out, interest income, gain/loss on disposition of assets, gain/loss on foreign exchange, other miscellaneous income/expense, and gain on sale of business. For information on depreciation expense, see Note 14: Property, Plant, & Equipment. For information on amortization expense, see Note 15: Goodwill and Intangible Assets, Net.Significant Customers We sell products worldwide, on credit terms on an unsecured basis, as an OEM supplier, to independent medical supply distributors and directly to end customers. The manufacturers and distributors, in turn, sell our products to healthcare providers. For the three and six months ended June 30, 2025, our consolidated worldwide net sales to a single distributor were 19%, and 18%, respectively, and for the three and six months ended June 30, 2024, were 17%.

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

Geographic InformationThe table below presents our gross long-lived assets, consisting of property, plant and equipment, by country or region (in thousands): As of June 30, 2025December 31, 2024Costa Rica160,676 156,149 Mexico117,835 111,043 Other LATAM64,060 55,451 Canada1,918 5,284 Italy34,560 29,124 Spain19,914 17,141 Czech Republic13,