3D Systems Announces Final 2023 Financial Results and Dates for

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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