Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 72,779	$ 67,850
Marketable investments	116,610	133,039
Accounts receivable, net of doubtful accounts of $2,946 and $2,782 at December 31, 2019 and December 31, 2018, respectively	105,901	81,896
Inventories	152,992	115,741
Prepaid expenses and other current assets	14,852	12,200
Total current assets	463,134	410,726
Property and equipment, net	51,812	35,407
Operating lease right-of-use assets	43,717
Finance lease right-of-use assets	39,924
Intangible assets, net	25,407	27,245
Goodwill	7,656	7,813
Deferred taxes	31,305	32,940
Other non-current assets	2,946	875
Total assets	665,901	515,006
Current liabilities:
Accounts payable	15,111	8,176
Accrued liabilities	67,630	57,886
Current operating lease liabilities	4,142
Current finance lease liabilities	4,165
Total current liabilities	91,048	66,062
Deferred rent	0	7,586
Non-current operating lease liabilities	47,242
Non-current finance lease liabilities	26,748
Other non-current liabilities	15,250	18,943
Total liabilities	180,288	92,591
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $.001 par value per share - 5,000,000 shares authorized, none issued and outstanding at December 31, 2019 and December 31, 2018	0	0
Common stock, $.001 par value per share - 300,000,000 shares authorized, 35,001,581 issued and outstanding at December 31, 2019; 300,000,000 shares authorized, 34,437,339 issued and outstanding at December 31, 2018	35	34
Additional paid-in capital	430,659	415,084
Accumulated other comprehensive loss	(2,324)	(1,942)
Retained earnings	57,522	9,064
Total Penumbra, Inc. stockholders’ equity	485,892	422,240
Non-controlling interest	(279)	175
Total stockholders’ equity	485,613	422,415
Total liabilities and stockholders’ equity	$ 665,901	$ 515,006