3D Systems Reports Third Quarter 2024 Financial Results

Tables Follow


3D Systems Corporation Unaudited Condensed Consolidated Balance Sheets September 30, 2024 and December 31, 2023

*(in thousands, except par value)*	September 30, 2024			December 31, 2023
ASSETS
Current assets:
Cash and cash equivalents	$	190,005		$	331,525
Accounts receivable, net of reserves — $2,137 and $3,389		99,224			101,497
Inventories		134,926			152,188
Prepaid expenses and other current assets		35,858			42,612
Total current assets		460,013			627,822
Property and equipment, net		53,907			64,461
Intangible assets, net		20,961			62,724
Goodwill		14,967			116,082
Operating lease right-of-use assets		49,384			58,406
Finance lease right-of-use assets		9,185			12,174
Long-term deferred income tax assets		4,041			4,230
Other assets		45,818			44,761
Total assets	$	658,276		$	990,660
LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY
Current liabilities:
Current operating lease liabilities	$	9,628		$	9,924
Accounts payable		42,414			49,757
Accrued and other liabilities		44,882			49,460
Customer deposits		8,655			7,599
Deferred revenue		33,336			30,448
Total current liabilities		138,915			147,188
Long-term debt, net of deferred financing costs		211,682			319,356
Long-term operating lease liabilities		51,000			56,795
Long-term deferred income tax liabilities		5,214			5,162
Other liabilities		31,340			33,400
Total liabilities		438,151			561,901
Commitments and contingencies
Redeemable non-controlling interest		2,093			2,006
Stockholders’ equity:
Common stock, $0.001 par value, authorized 220,000 shares; shares issued 134,826 and 133,619 as of September 30, 2024 and December 31, 2023, respectively		135			134
Additional paid-in capital		1,588,911			1,577,519
Accumulated deficit		(1,328,536	)		(1,106,650	)
Accumulated other comprehensive loss		(42,478	)		(44,250	)
Total stockholders’ equity		218,032			426,753
Total liabilities, redeemable non-controlling interest and stockholders’ equity	$	658,276		$	990,660

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