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investor.relations@3dsystems.com
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3D Systems Corporation
Unaudited Condensed Consolidated Balance Sheets
September 30, 2020 and December 31, 2019
| (In thousands, except par value) |
September 30,
2020 |
December 31,
2019 | |||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 75,264 | $ | 133,665 | |||
| Accounts receivable, net of reserves — $8,243 and $8,762 | 98,755 | 109,408 | |||||
| Inventories | 126,882 | 111,106 | |||||
| Prepaid expenses and other current assets | 34,671 | 18,991 | |||||
| Total current assets | 335,572 | 373,170 | |||||
| Property and equipment, net | 81,433 | 92,940 | |||||
| Intangible assets, net | 36,888 | 48,338 | |||||
| Goodwill | 179,536 | 223,176 | |||||
| Right of use assets | 44,366 | 36,890 | |||||
| Deferred income tax asset | 6,502 | 5,408 | |||||
| Other assets, net | 22,985 | 27,390 | |||||
| Total assets | $ | 707,282 | $ | 807,312 | |||
| LIABILITIES AND EQUITY | |||||||
| Current liabilities: | |||||||
| Current portion of long-term debt | $ | 1,758 | $ | 2,506 | |||
| Current right of use liabilities | 9,431 | 9,569 | |||||
| Accounts payable | 41,674 | 49,851 | |||||
| Accrued and other liabilities | 66,749 | 63,095 | |||||
| Customer deposits | 4,463 | 5,712 | |||||
| Deferred revenue | 36,353 | 32,231 | |||||
| Total current liabilities | 160,428 | 162,964 | |||||
| Long-term debt, net of deferred financing costs | 19,804 | 45,215 | |||||
| Long-term right of use liabilities | 44,521 | 35,402 | |||||
| Deferred income tax liability | 5,121 | 4,027 | |||||
| Other liabilities | 48,890 | 45,808 | |||||
| Total liabilities | 278,764 | 293,416 | |||||
| Commitments and contingencies | |||||||
| Stockholders’ equity: | |||||||
| Common stock, $0.001 par value, authorized 220,000 shares; issued 127,664 and 121,266 | 128 | 120 | |||||
| Additional paid-in capital | 1,404,265 | 1,371,564 | |||||
| Treasury stock, at cost — 3,456 shares and 3,670 shares | (22,590 | ) | (18,769 | ) | |||
| Accumulated deficit | (923,473 | ) | (793,709 | ) | |||
| Accumulated other comprehensive loss | (29,812 | ) | (37,047 | ) | |||
| Total 3D Systems Corporation stockholders' equity | 428,518 | 522,159 | |||||
| Noncontrolling interests | — | (8,263 | ) | ||||
| Total stockholders’ equity | 428,518 | 513,896 | |||||
| Total liabilities, redeemable noncontrolling interests and stockholders’ equity | $ | 707,282 | $ | 807,312 | |||
3D Systems Corporation
