3D Systems Announces Final 2023 Financial Results and Dates for Q1 and Q2 2024 Earnings Releases


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 $3,114 101,497   93,886 
Inventories 152,188   137,832 
Prepaid expenses and other current assets 42,612   33,790 
Total current assets 627,822   834,245 
Property and equipment, net 64,461   58,072 
Intangible assets, net 62,724   90,230 
Goodwill 116,082   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   44,761       28,970  
Total assets $ 990,660     $ 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   49,460       56,264  
Customer deposits   7,599       6,911  
Deferred revenue   30,448       26,464  
Total current liabilities   147,188       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   33,400       47,461  
Total liabilities   561,901       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   1,577,519       1,547,597  
Accumulated deficit   (1,106,650 )     (743,962 )
Accumulated other comprehensive loss   (44,250 )     (53,822 )
Total stockholders’ equity   426,753       749,944  
Total liabilities, redeemable non-controlling interest and stockholders’ equity $ 990,660     $ 1,446,613  



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