PTC Inc.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

June 30,

September 30,

2023

2022

ASSETS

Cash and cash equivalents

$

281,513

$

272,182

Accounts receivable, net

625,471

636,556

Property and equipment, net

89,180

98,101

Goodwill and acquired intangible assets, net

4,336,439

2,736,372

Lease assets, net

144,860

137,780

Other assets

730,186

806,277

Total assets

$

6,207,649

$

4,687,268

LIABILITIES AND STOCKHOLDERS' EQUITY

Deferred revenue

$

650,427

$

520,333

Debt, net of deferred issuance costs

1,738,241

1,350,628

Deferred acquisition payments ⁽¹⁾

620,040

-

Lease obligations

194,819

189,575

Other liabilities

405,458

330,698

Stockholders' equity

2,598,664

2,296,034

Total liabilities and stockholders' equity

$

6,207,649

$

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.