3D Systems Reports First Quarter 2016 Financial Results
3D Systems Corporation
Unaudited Condensed Consolidated Balance Sheets
March 31, 2016 and December 31, 2015 |
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March 31, |
|
December 31, |
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(in thousands, except par value) |
|
2016 |
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2015 |
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|
ASSETS |
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| Current assets: |
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| Cash and cash equivalents |
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$ |
|
169,774 |
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|
$ |
|
155,643 |
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| Accounts receivable, net of reserves — $15,126 (2016) and $14,139 (2015) |
|
|
|
134,793 |
|
|
|
|
157,406 |
|
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| Inventories, net of reserves — $28,768 (2016) and $28,225 (2015) |
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|
|
113,953 |
|
|
|
|
105,877 |
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| Prepaid expenses and other current assets |
|
|
|
13,995 |
|
|
|
|
13,541 |
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| Total current assets |
|
|
|
432,515 |
|
|
|
|
432,467 |
|
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| Property and equipment, net |
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|
|
92,300 |
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|
|
|
85,995 |
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| Intangible assets, net |
|
|
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151,366 |
|
|
|
|
157,466 |
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| Goodwill |
|
|
|
191,641 |
|
|
|
|
187,875 |
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| Long term deferred income tax asset |
|
|
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3,299 |
|
|
|
|
3,216 |
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| Other assets, net |
|
|
|
25,593 |
|
|
|
|
26,256 |
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| Total assets |
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$ |
|
896,714 |
|
|
$ |
|
893,275 |
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|
|
LIABILITIES AND EQUITY |
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| Current liabilities: |
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|
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|
|
|
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| Current portion of capitalized lease obligations |
|
$ |
|
555 |
|
|
$ |
|
529 |
|
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| Accounts payable |
|
|
|
41,229 |
|
|
|
|
46,869 |
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| Accrued and other liabilities |
|
|
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52,179 |
|
|
|
|
54,699 |
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| Customer deposits |
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|
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7,313 |
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|
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|
8,229 |
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| Deferred revenue |
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46,709 |
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|
|
|
35,145 |
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| Total current liabilities |
|
|
|
147,985 |
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|
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|
145,471 |
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| Long term portion of capitalized lease obligations |
|
|
|
8,090 |
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|
|
|
8,187 |
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| Long term deferred income tax liability |
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|
|
16,851 |
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|
|
|
17,944 |
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| Other liabilities |
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|
|
59,317 |
|
|
|
|
58,155 |
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| Total liabilities |
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|
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232,243 |
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|
|
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229,757 |
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| Redeemable noncontrolling interests |
|
|
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8,872 |
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8,872 |
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| |
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|
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| Stockholders’ equity: |
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| Common stock, $0.001 par value, authorized 220,000 shares; issued 113,140 (2016) and 113,115 (2015) |
|
|
|
113 |
|
|
|
|
113 |
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| Additional paid-in capital |
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|
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1,291,405 |
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1,279,738 |
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| Treasury stock, at cost — 1,159 shares (2016) and 892 shares (2015) |
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|
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(1,836 |
) |
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|
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(1,026 |
) |
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| Accumulated deficit |
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|
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(601,156 |
) |
|
|
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(583,368 |
) |
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| Accumulated other comprehensive loss |
|
|
|
(31,729 |
) |
|
|
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(39,548 |
) |
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| Total 3D Systems Corporation stockholders' equity |
|
|
|
656,797 |
|
|
|
|
655,909 |
|
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| Noncontrolling interests |
|
|
|
(1,198 |
) |
|
|
|
(1,263 |
) |
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| Total stockholders’ equity |
|
|
|
655,599 |
|
|
|
|
654,646 |
|
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| Total liabilities, redeemable noncontrolling interests and stockholders’ equity |
|
$ |
|
896,714 |
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|
$ |
|
893,275 |
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