3D Systems Reports Fourth Quarter and Full Year 2023 Financial

3D Systems Reports Fourth Quarter and Full Year 2023 Financial Results (Unaudited)

About 3D Systems

More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in Healthcare and Industrial Solutions markets such as medical and dental, aerospace & defense, automotive and durable goods. More information on the company is available at www.3dsystems.com

Tables Follow

3D Systems Corporation Unaudited Consolidated Balance Sheets December 31, 2023 and December 31, 2022

*(in thousands, except par value)*	December 31, 2023			December 31, 2022
ASSETS
Current assets:
Cash and cash equivalents	$	331,525		$	388,134
Short-term investments		—			180,603
Accounts receivable, net of reserves — $3,389 and $3,114		102,104			93,886
Inventories		152,412			137,832
Prepaid expenses and other current assets		36,701			33,790
Total current assets		622,742			834,245
Property and equipment, net		64,461			58,072
Intangible assets, net		62,724			90,230
Goodwill		107,200			385,312
Operating lease right-of-use assets		58,406			39,502
Finance lease right-of-use assets		12,174			3,244
Long-term deferred income tax assets		4,230			7,038
Other assets		48,251			28,970
Total assets	$	980,188		$	1,446,613
LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY
Current liabilities:
Current operating lease liabilities	$	9,924		$	8,343
Accounts payable		49,757			53,826
Accrued and other liabilities		46,631			56,264
Customer deposits		8,206			6,911
Deferred revenue		30,448			26,464
Total current liabilities		144,966			151,808
Long-term debt, net of deferred financing costs		319,356			449,510
Long-term operating lease liabilities		56,795			38,499
Long-term deferred income tax liabilities		5,162			7,631
Other liabilities		33,399			47,461
Total liabilities		559,678			694,909
Commitments and contingencies (Note 23)
Redeemable non-controlling interest		2,006			1,760
Stockholders’ equity:
Common stock, $0.001 par value, authorized 220,000 shares; shares issued 133,619 and 131,207 as of December 31, 2023 and 2022, respectively		134			131
Additional paid-in capital		1,577,382			1,547,597
Accumulated deficit		(1,114,394	)		(743,962	)
Accumulated other comprehensive loss		(44,618	)		(53,822	)
Total stockholders’ equity		418,504			749,944
Total liabilities, redeemable non-controlling interest and stockholders’ equity	$	980,188		$	1,446,613

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