3D Systems Reports Second Quarter and Six Months 2016 Financial

3D Systems Reports Second Quarter and Six Months 2016 Financial Results

3D Systems Corporation
Unaudited Condensed Consolidated Balance Sheets
June 30, 2016 and December 31, 2015

	June 30,			December 31,
*(in thousands, except par value)*	2016			2015
ASSETS
Current assets:
Cash and cash equivalents	$	176,248		$	155,643
Accounts receivable, net of reserves — $16,151 (2016) and $14,139 (2015)		125,095			157,406
Inventories, net of reserves — $22,281 (2016) and $28,225 (2015)		123,157			105,877
Prepaid expenses and other current assets		15,997			13,541
Total current assets		440,497			432,467
Property and equipment, net		87,258			85,995
Intangible assets, net		141,081			157,466
Goodwill		187,569			187,875
Long term deferred income tax asset		2,789			3,216
Other assets, net		25,117			26,256
Total assets	$	884,311		$	893,275
LIABILITIES AND EQUITY
Current liabilities:
Current portion of capitalized lease obligations	$	564		$	529
Accounts payable		42,356			46,869
Accrued and other liabilities		50,756			54,699
Customer deposits		6,005			8,229
Deferred revenue		43,706			35,145
Total current liabilities		143,387			145,471
Long term portion of capitalized lease obligations		7,917			8,187
Long term deferred income tax liability		15,526			17,944
Other liabilities		58,077			58,155
Total liabilities		224,907			229,757
Redeemable noncontrolling interests		8,872			8,872

Stockholders’ equity:
Common stock, $0.001 par value, authorized 220,000 shares; issued 113,559 (2016) and 113,115 (2015)		113			113
Additional paid-in capital		1,298,631			1,279,738
Treasury stock, at cost — 1,384 shares (2016) and 892 shares (2015)		(2,333	)		(1,026	)
Accumulated deficit		(605,804	)		(583,368	)
Accumulated other comprehensive loss		(38,273	)		(39,548	)
Total 3D Systems Corporation stockholders' equity		652,334			655,909
Noncontrolling interests		(1,802	)		(1,263	)
Total stockholders’ equity		650,532			654,646
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$	884,311		$	893,275

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