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
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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 | |||
