3D Systems Reports Second Quarter 2023 Financial Results

3D Systems Corporation
Unaudited Consolidated Statements of Cash Flows
Six Months Ended June 30, 2023, 2022

  Six Months Ended
(in thousands) June 30, 2023  June 30, 2022
Cash flows from operating activities:   
Net (loss) income before redeemable non-controlling interest$(58,408) $(59,797)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:   
Depreciation, amortization and accretion of debt discount 18,442   18,198 
Stock-based compensation 18,282   20,061 
Loss on short-term investments 6    
Non-cash operating lease expense 4,025    
Provision for inventory obsolescence and revaluation 4,550   97 
Provision for bad debts 100   1,042 
Loss (gain) on the disposition of businesses, property, equipment and other assets 57    
Benefit for deferred income taxes and reserve adjustments    628 
Loss on equity method investment   142        
Asset impairment   1,187       24  
Changes in operating accounts:      
Accounts receivable   (2,597 )     (6,173 )
Inventories   (24,469 )     (16,609 )
Prepaid expenses and other current assets   (4,556 )     (2,981 )
Accounts payable   4,381       6,168  
Deferred revenue and customer deposits   1,870       (704 )
Accrued and other liabilities   (6,836 )     1,618  
All other operating activities   (2,445 )     217  
Net cash (used in) provided by operating activities   (46,269 )     (38,211 )
Cash flows from investing activities:      
Purchases of property and equipment   (13,549 )     (10,368 )
Purchases of short-term investments         (384,450 )
Sales and maturities of short-term investments   179,790       41,044  
Acquisitions and other investments, net of cash acquired   (15,654 )     (83,312 )
Net cash provided by (used in) investing activities   150,587       (437,086 )
Cash flows from financing activities:      
Debt issuance costs         (16 )
Purchase of non-controlling interests         (2,300 )
Taxes paid related to net-share settlement of equity awards   (4,564 )     (10,047 )
Other financing activities   (362 )     (324 )
Net cash (used in) provided by financing activities   (4,926 )     (12,687 )
Effect of exchange rate changes on cash, cash equivalents and restricted cash   645       (2,047 )
Net (decrease) increase in cash, cash equivalents and restricted cash   100,037       (490,031 )
Cash, cash equivalents and restricted cash at the beginning of the year (a)   391,975       789,970  
Cash, cash equivalents and restricted cash at the end of the period (a) $ 492,012     $ 299,939  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise