3D Systems Reports Third Quarter 2021 Financial Results

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3D Systems Corporation
Unaudited Condensed Consolidated Balance Sheets
September 30, 2021 and December 31, 2020

*(In thousands, except par value)*	September 30, 2021 (unaudited)			December 31, 2020
ASSETS
Current assets:
Cash and cash equivalents	$	502,752		$	75,010
Accounts receivable, net of reserves — $3,470 and $4,392	89,926			114,254
Inventories	89,325			116,667
Prepaid expenses and other current assets	25,963			33,145
Current assets held for sale	—			18,439
Total current assets	707,966			357,515
Property and equipment, net	57,720			75,356
Intangible assets, net	30,251			28,083
Goodwill	139,906			161,765
Right of use assets	44,514			48,620
Deferred income tax asset	3,475			6,247
Assets held for sale	—			31,684
Other assets	21,271			23,785
Total assets	$	1,005,103		$	733,055
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	$	—		$	2,051
Current right of use liabilities	8,176			9,534
Accounts payable	44,946			45,174
Accrued and other liabilities	78,152			69,812
Customer deposits	9,405			7,750
Deferred revenue	27,509			30,302
Current liabilities held for sale	—			11,107
Total current liabilities	168,188			175,730
Long-term debt, net of deferred financing costs	—			19,218
Long-term right of use liabilities	45,533			48,469
Deferred income tax liability	3,142			4,716
Liabilities held for sale	—			2,952
Other liabilities	39,090			51,247
Total liabilities	255,953			302,332

Commitments and contingencies (Note 14)

Stockholders’ equity:
Common stock, $0.001 par value, authorized 220,000 shares; issued 126,758 and 127,626	127			128
Additional paid-in capital	1,410,576			1,404,964
Treasury stock, at cost — 1,623 shares and 3,494 shares	(10,492		)	(22,590		)
Accumulated deficit	(615,051		)	(943,303		)
Accumulated other comprehensive loss	(36,010		)	(8,476		)
Total stockholders’ equity	749,150			430,723
Total liabilities and stockholders’ equity	$	1,005,103		$	733,055

3D Systems Corporation

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