v3.24.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 288,332 $ 167,486
Marketable investments 51,363 121,701
Accounts receivable, net of allowance for credit losses of $3,075 and $3,169 at June 30, 2024 and December 31, 2023, respectively 200,831 201,768
Inventories 373,799 388,023
Prepaid expenses and other current assets 29,470 36,424
Total current assets 943,795 915,402
Property and equipment, net 57,709 72,691
Operating lease right-of-use assets 183,316 188,756
Finance lease right-of-use assets 29,366 31,092
Intangible assets, net 6,955 71,056
Goodwill 166,050 166,270
Deferred taxes 108,852 85,158
Other non-current assets 38,518 25,880
Total assets 1,534,561 1,556,305
Current liabilities:    
Accounts payable 32,822 27,155
Accrued liabilities 104,071 110,555
Current operating lease liabilities 11,776 11,203
Current finance lease liabilities 2,325 2,231
Total current liabilities 150,994 151,144
Non-current operating lease liabilities 192,216 197,229
Non-current finance lease liabilities 22,501 23,680
Other non-current liabilities 7,619 5,308
Total liabilities 373,330 377,361
Commitments and contingencies
Stockholders’ equity:    
Common stock 39 39
Additional paid-in capital 1,080,580 1,047,198
Accumulated other comprehensive loss (5,048) (3,151)
Retained earnings 85,660 134,858
Total Penumbra, Inc. stockholders’ equity 1,161,231 1,178,944
Total liabilities and stockholders’ equity $ 1,534,561 $ 1,556,305