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3D Systems Corporation
Unaudited Consolidated Balance Sheets
March 31, 2023
and
December 31, 2022
| (in thousands, except par value) |
March 31,
2023 |
December 31,
2022 | |||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 525,898 | $ | 388,134 | |||
| Short-term investments | 4,027 | 180,603 | |||||
| Accounts receivable, net of reserves — $2,922 and $3,114 | 94,677 | 93,886 | |||||
| Inventories | 147,365 | 137,832 | |||||
| Prepaid expenses and other current assets | 38,242 | 33,790 | |||||
| Total current assets | 810,209 | 834,245 | |||||
| Property and equipment, net | 62,150 | 58,072 | |||||
| Intangible assets, net | 88,064 | 90,230 | |||||
| Goodwill | 385,754 | 385,312 | |||||
| Right-of-use assets | 57,090 | 42,746 | |||||
| Deferred income tax asset | 7,214 | 7,038 | |||||
| Other assets | 31,813 | 28,970 | |||||
| Total assets | $ | 1,442,294 | $ | 1,446,613 | |||
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY | |||||||
| Current liabilities: | |||||||
| Current lease liabilities | $ | 10,542 | $ | 9,036 | |||
| Accounts payable | 51,415 | 53,826 | |||||
| Accrued and other liabilities | 54,159 | 55,571 | |||||
| Customer deposits | 6,321 | 6,911 | |||||
| Deferred revenue | 31,575 | 26,464 | |||||
| Total current liabilities | 154,012 | 151,808 | |||||
| Long-term debt, net of deferred financing costs | 450,179 | 449,510 | |||||
| Long-term lease liabilities | 55,231 | 41,779 | |||||
| Deferred income tax liability | 7,680 | 7,631 | |||||
| Other liabilities | 43,744 | 44,181 | |||||
| Total liabilities | 710,846 | 694,909 | |||||
| Redeemable non-controlling interest | 1,762 | 1,760 | |||||
| Stockholders’ equity: | |||||||
| Common stock, $0.001 par value, authorized 220,000 shares; shares issued 131,164 and 131,207 as of March 31, 2023 and December 31, 2022, respectively | 131 | 131 | |||||
| Additional paid-in capital | 1,553,038 | 1,547,597 | |||||
| Accumulated deficit | (773,383 | ) | (743,962 | ) | |||
| Accumulated other comprehensive loss | (50,100 | ) | (53,822 | ) | |||
| Total stockholders’ equity | 729,686 | 749,944 | |||||
| Total liabilities, redeemable non-controlling interest and stockholders’ equity | $ | 1,442,294 | $ | 1,446,613 | |||
