3D Systems Reports First Quarter 2016 Financial Results

3D Systems Corporation Unaudited Condensed Consolidated Balance Sheets March 31, 2016 and December 31, 2015

	March 31,			December 31,
*(in thousands, except par value)*	2016			2015
ASSETS
Current assets:
Cash and cash equivalents	$	169,774		$	155,643
Accounts receivable, net of reserves — $15,126 (2016) and $14,139 (2015)		134,793			157,406
Inventories, net of reserves — $28,768 (2016) and $28,225 (2015)		113,953			105,877
Prepaid expenses and other current assets		13,995			13,541
Total current assets		432,515			432,467
Property and equipment, net		92,300			85,995
Intangible assets, net		151,366			157,466
Goodwill		191,641			187,875
Long term deferred income tax asset		3,299			3,216
Other assets, net		25,593			26,256
Total assets	$	896,714		$	893,275
LIABILITIES AND EQUITY
Current liabilities:
Current portion of capitalized lease obligations	$	555		$	529
Accounts payable		41,229			46,869
Accrued and other liabilities		52,179			54,699
Customer deposits		7,313			8,229
Deferred revenue		46,709			35,145
Total current liabilities		147,985			145,471
Long term portion of capitalized lease obligations		8,090			8,187
Long term deferred income tax liability		16,851			17,944
Other liabilities		59,317			58,155
Total liabilities		232,243			229,757
Redeemable noncontrolling interests		8,872			8,872

Stockholders’ equity:
Common stock, $0.001 par value, authorized 220,000 shares; issued 113,140 (2016) and 113,115 (2015)		113			113
Additional paid-in capital		1,291,405			1,279,738
Treasury stock, at cost — 1,159 shares (2016) and 892 shares (2015)		(1,836	)		(1,026	)
Accumulated deficit		(601,156	)		(583,368	)
Accumulated other comprehensive loss		(31,729	)		(39,548	)
Total 3D Systems Corporation stockholders' equity		656,797			655,909
Noncontrolling interests		(1,198	)		(1,263	)
Total stockholders’ equity		655,599			654,646
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$	896,714		$	893,275

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