3D Systems Corporation
Unaudited Condensed Consolidated Statements of Operations
Year Ended December 31, 2021, 2020 and 2019
| Year Ended December 31, | |||||||||||
| (in thousands, except per share amounts) | 2021 | 2020 | 2019 | ||||||||
| Revenue: | |||||||||||
| Products | $ | 428,742 | $ | 332,799 | $ | 389,337 | |||||
| Services | 186,897 | 224,441 | 247,017 | ||||||||
| Total revenue | 615,639 | 557,240 | 636,354 | ||||||||
| Cost of sales: | |||||||||||
| Products | 245,169 | 220,415 | 234,581 | ||||||||
| Services | 106,692 | 113,450 | 121,232 | ||||||||
| Total cost of sales | 351,861 | 333,865 | 355,813 | ||||||||
| Gross profit | 263,778 | 223,375 | 280,541 | ||||||||
| Operating expenses: | |||||||||||
| Selling, general and administrative | 227,697 | 219,895 | 254,355 | ||||||||
| Research and development | 69,150 | 74,143 | 83,290 | ||||||||
| Impairment of goodwill | — | 48,300 | — | ||||||||
| Total operating expenses | 296,847 | 342,338 | 337,645 | ||||||||
| Loss from operations | (33,069 | ) | (118,963 | ) | (57,104 | ) | |||||
| Interest and other income (expense), net | 352,609 | (24,447 | ) | (7,996 | ) | ||||||
| Income (loss) before income taxes | 319,540 | (143,410 | ) | (65,100 | ) | ||||||
| Benefit (provision) for income taxes | 2,512 | (6,184 | ) | (4,532 | ) | ||||||
| Net income (loss) | 322,052 | (149,594 | ) | (69,632 | ) | ||||||
| Less: net income attributable to noncontrolling interests | — | — | 248 | ||||||||
| Net income (loss) attributable to 3D Systems Corporation | $ | 322,052 | $ | (149,594 | ) | $ | (69,880 | ) | |||
| Net income (loss) per share available to 3D Systems Corporation common stockholders | |||||||||||
| Basic | $ | 2.62 | $ | (1.27 | ) | $ | (0.61 | ) | |||
| Diluted | $ | 2.55 | $ | (1.27 | ) | $ | (0.61 | ) | |||
