PTC Inc.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

March 31,

September 30,

2024

2023

ASSETS

Cash and cash equivalents

$

248,971

$

288,103

Accounts receivable, net

705,493

811,398

Property and equipment, net

81,811

88,391

Goodwill and acquired intangible assets, net

4,377,844

4,299,760

Lease assets, net

135,262

143,028

Other assets

655,882

658,162

Total assets

$

6,205,263

$

6,288,842

LIABILITIES AND STOCKHOLDERS' EQUITY

Deferred revenue

$

724,571

$

681,550

Debt, net of deferred issuance costs

2,005,741

1,695,785

Deferred acquisition payments ⁽¹⁾

-

620,040

Lease obligations

183,789

193,192

Other liabilities

348,030

420,985

Stockholders' equity

2,943,132

2,677,290

Total liabilities and stockholders' equity

$

6,205,263

$

6,288,842

(1) FY'23 Deferred acquisition payments represented the fair value of the $650 million payment associated with the ServiceMax,
Inc. acquisition, which was paid in Q1'24.