Penumbra Inc. Files Q3 2024 10-Q Report

TL;DR

Penumbra's Q3 10-Q is in: check financials for latest performance.

AI Summary

Penumbra Inc. filed its 10-Q for the period ending September 30, 2024. The company reported its financial performance for the third quarter and the first nine months of 2024. Key financial data and operational details are presented in this filing, which is standard for public companies to disclose their quarterly results.

Why It Matters

This filing provides investors and analysts with the latest financial performance data for Penumbra Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Players & Entities

• Penumbra Inc. (company) — Filer of the 10-Q report
• 2024-09-30 (date) — End of the reporting period
• 2024-10-30 (date) — Date of filing

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, Par value $0.001 per share PEN The New York Stock Exchan

Filing Documents

• pen-20240930.htm (10-Q) — 1519KB
• pen-93024xexhibit311.htm (EX-31.1) — 10KB
• pen-93024xexhibit312.htm (EX-31.2) — 10KB
• pen-93024xexhibit321.htm (EX-32.1) — 6KB
• 0001321732-24-000118.txt ( ) — 7569KB
• pen-20240930.xsd (EX-101.SCH) — 38KB
• pen-20240930_cal.xml (EX-101.CAL) — 72KB
• pen-20240930_def.xml (EX-101.DEF) — 139KB
• pen-20240930_lab.xml (EX-101.LAB) — 537KB
• pen-20240930_pre.xml (EX-101.PRE) — 382KB
• pen-20240930_htm.xml (XML) — 1354KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements (Unaudited) 2 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Operations 3 Condensed Consolidated Statements of Comprehensive Income (Loss) 4 Condensed Consolidated Statements of Stockholders' Equity 5 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3. Quantitative and Qualitative Disclosure about Market Risk 38 Item 4.

Controls and Procedures

Controls and Procedures 39

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 40 Item 1A.

Risk Factors

Risk Factors 40 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40 Item 3. Defaults Upon Senior Securities 40 Item 4. Mine Safety Disclosure 40 Item 5. Other Information 40 Item 6. Exhibits 42

Signatures

Signatures Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. Penumbra, Inc. Condensed Consolidated Balance Sheets (unaudited) (in thousands) September 30, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 280,476 $ 167,486 Marketable investments 10,548 121,701 Accounts receivable, net of allowance for credit losses of $ 3,329 and $ 3,169 at September 30, 2024 and December 31, 2023, respectively 176,051 201,768 Inventories 393,413 388,023 Prepaid expenses and other current assets 31,265 36,424 Total current assets 891,753 915,402 Property and equipment, net 59,919 72,691 Operating lease right-of-use assets 180,923 188,756 Finance lease right-of-use assets 28,888 31,092 Intangible assets, net 6,920 71,056 Goodwill 166,355 166,270 Deferred taxes 105,851 85,158 Other non-current assets 38,514 25,880 Total assets $ 1,479,123 $ 1,556,305 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 33,151 $ 27,155 Accrued liabilities 105,550 110,555 Current operating lease liabilities 12,068 11,203 Current finance lease liabilities 2,416 2,231 Total current liabilities 153,185 151,144 Non-current operating lease liabilities 189,960 197,229 Non-current finance lease liabilities 22,245 23,680 Other non-current liabilities 9,453 5,308 Total liabilities 374,843 377,361 Commitments and contingencies (Note 9) Stockholders' equity: Common stock 38 39 Additional paid-in capital 1,079,193 1,047,198 Accumulated other comprehensive loss ( 963 ) ( 3,151 ) Retained earnings 26,012 134,858 Total stockholders' equity 1,104,280 1,178,944 Total liabilities and stockholders' equity $ 1,479,123 $ 1,556,305 See accompanying notes to the unaudited condensed consolidated financial statements 2 Table of Contents Penumbra, Inc. Condensed Consolidated Statements of Operations (unaudited) (in thousands, except share and per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2024

View Full Filing

View this 10-Q filing on SEC EDGAR