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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 | 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 | |||
