PTC Inc.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

September 30,

September 30,

2023

2022

ASSETS

Cash and cash equivalents

$

288,103

$

272,182

Accounts receivable, net

811,398

636,556

Property and equipment, net

88,391

98,101

Goodwill and acquired intangible assets, net

4,299,761

2,736,372

Lease assets, net

143,028

137,780

Other assets

658,161

806,277

Total assets

$

6,288,842

$

4,687,268

LIABILITIES AND STOCKHOLDERS' EQUITY

Deferred revenue

$

681,550

$

520,333

Debt, net of deferred issuance costs

1,695,785

1,350,628

Deferred acquisition payments ⁽¹⁾

620,040

-

Lease obligations

193,192

189,575

Other liabilities

420,985

330,698

Stockholders' equity

2,677,290

2,296,034

Total liabilities and stockholders' equity

$

6,288,842

$

4,687,268

(1) Deferred acquisition payments represent the fair value of the $650 million payment to be made in Q1'24 associated with
the ServiceMax, Inc. acquisition.