3D Systems Reports Third Quarter 2021 Financial Results

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3D Systems Corporation
Unaudited Condensed Consolidated Balance Sheets
September 30, 2021 and December 31, 2020

(In thousands, except par value) September 30, 2021 (unaudited)  December 31, 2020
ASSETS   
Current assets:   
Cash and cash equivalents$502,752   $75,010  
Accounts receivable, net of reserves — $3,470 and $4,39289,926   114,254  
Inventories89,325   116,667  
Prepaid expenses and other current assets25,963   33,145  
Current assets held for sale   18,439  
Total current assets707,966   357,515  
Property and equipment, net57,720   75,356  
Intangible assets, net30,251   28,083  
Goodwill139,906   161,765  
Right of use assets44,514   48,620  
Deferred income tax asset 3,475       6,247    
Assets held for sale       31,684    
Other assets 21,271       23,785    
Total assets $ 1,005,103       $ 733,055    
LIABILITIES AND EQUITY      
Current liabilities:      
Current portion of long-term debt $       $ 2,051    
Current right of use liabilities 8,176       9,534    
Accounts payable 44,946       45,174    
Accrued and other liabilities 78,152       69,812    
Customer deposits 9,405       7,750    
Deferred revenue 27,509       30,302    
Current liabilities held for sale       11,107    
Total current liabilities 168,188       175,730    
Long-term debt, net of deferred financing costs       19,218    
Long-term right of use liabilities 45,533       48,469    
Deferred income tax liability 3,142       4,716    
Liabilities held for sale       2,952    
Other liabilities 39,090       51,247    
Total liabilities 255,953       302,332    
       
Commitments and contingencies (Note 14)      
       
Stockholders’ equity:      
Common stock, $0.001 par value, authorized 220,000 shares; issued 126,758 and 127,626 127       128    
Additional paid-in capital 1,410,576       1,404,964    
Treasury stock, at cost — 1,623 shares and 3,494 shares (10,492 )     (22,590 )  
Accumulated deficit (615,051 )     (943,303 )  
Accumulated other comprehensive loss (36,010 )     (8,476 )  
Total stockholders’ equity 749,150       430,723    
Total liabilities and stockholders’ equity $ 1,005,103       $ 733,055    

3D Systems Corporation

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