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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 223,114 $ 167,486
Marketable investments 90,360 121,701
Accounts receivable, net of allowance for credit losses of $3,020 and $3,169 at March 31, 2024 and December 31, 2023, respectively 191,989 201,768
Inventories 398,366 388,023
Prepaid expenses and other current assets 31,194 36,424
Total current assets 935,023 915,402
Property and equipment, net 75,744 72,691
Operating lease right-of-use assets 185,845 188,756
Finance lease right-of-use assets 30,234 31,092
Intangible assets, net 68,421 71,056
Goodwill 166,103 166,270
Deferred taxes 84,661 85,158
Other non-current assets 33,814 25,880
Total assets 1,579,845 1,556,305
Current liabilities:    
Accounts payable 32,454 27,155
Accrued liabilities 106,549 110,555
Current operating lease liabilities 11,520 11,203
Current finance lease liabilities 2,280 2,231
Total current liabilities 152,803 151,144
Non-current operating lease liabilities 194,537 197,229
Non-current finance lease liabilities 23,098 23,680
Other non-current liabilities 5,876 5,308
Total liabilities 376,314 377,361
Commitments and contingencies
Stockholders’ equity:    
Common stock 39 39
Additional paid-in capital 1,062,470 1,047,198
Accumulated other comprehensive loss (4,838) (3,151)
Retained earnings 145,860 134,858
Total Penumbra, Inc. stockholders’ equity 1,203,531 1,178,944
Total liabilities and stockholders’ equity $ 1,579,845 $ 1,556,305