3D Systems Reports Fourth Quarter and Full Year 2015 Financial Results
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3D Systems Corporation |
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Unaudited Condensed Consolidated Balance Sheets |
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December 31, 2015 and December 31, 2014 |
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December 31, |
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December 31, |
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|
(in thousands, except par value) |
|
2015 |
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2014 |
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|
ASSETS |
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| Current assets: |
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|
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| Cash and cash equivalents |
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$ |
|
155,643 |
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|
$ |
|
284,862 |
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| Accounts receivable, net of reserves of $14,139 (2015) and $10,300 (2014) |
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|
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157,406 |
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|
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|
168,441 |
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| Inventories, net of reserves of $28,225 (2015) and $6,675 (2014) |
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|
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105,877 |
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|
|
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96,645 |
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| Prepaid expenses and other current assets |
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13,541 |
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|
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15,769 |
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| Current deferred income tax asset |
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— |
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14,973 |
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| Total current assets |
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|
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432,467 |
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|
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580,690 |
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| Property and equipment, net |
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|
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85,995 |
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|
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81,881 |
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| Intangible assets, net |
|
|
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157,466 |
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|
|
|
251,561 |
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| Goodwill |
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187,875 |
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589,537 |
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| Long term deferred income tax asset |
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3,216 |
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|
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|
816 |
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| Other assets, net |
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26,256 |
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|
|
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25,825 |
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| Total assets |
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$ |
|
893,275 |
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|
$ |
|
1,530,310 |
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|
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LIABILITIES AND EQUITY |
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| Current liabilities: |
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|
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| Current portion of debt and capitalized lease obligations |
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$ |
|
529 |
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|
$ |
|
684 |
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| Accounts payable |
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|
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46,869 |
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|
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|
64,378 |
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| Accrued and other liabilities |
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|
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54,699 |
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43,554 |
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| Customer deposits |
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8,229 |
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6,946 |
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| Deferred revenue |
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35,145 |
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32,264 |
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| Total current liabilities |
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145,471 |
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|
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147,826 |
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| Long term portion of capitalized lease obligations |
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8,187 |
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8,905 |
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| Long term deferred income tax liability |
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17,944 |
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30,679 |
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| Other liabilities |
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58,155 |
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39,903 |
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| Total liabilities |
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229,757 |
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227,313 |
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| Redeemable noncontrolling interests |
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|
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8,872 |
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8,872 |
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| Stockholders’ equity: |
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| Common stock, $0.001 par value, authorized 220,000 shares; issued 113,115 (2015) and 112,233 (2014) |
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|
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113 |
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|
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|
112 |
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| Additional paid-in capital |
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1,279,738 |
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1,245,462 |
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| Treasury stock, at cost: 892 shares (2015) and 709 shares (2014) |
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|
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(1,026 |
) |
|
|
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(374 |
) |
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| Accumulated earnings (deficit) |
|
|
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(583,368 |
) |
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72,124 |
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| Accumulated other comprehensive loss |
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|
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(39,548 |
) |
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|
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(24,406 |
) |
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| Total 3D Systems Corporation stockholders' equity |
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|
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655,909 |
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|
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1,292,918 |
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| Noncontrolling interests |
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(1,263 |
) |
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|
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1,207 |
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| Total stockholders’ equity |
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|
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654,646 |
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|
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1,294,125 |
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| Total liabilities, redeemable noncontrolling interests and stockholders’ equity |
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$ |
|
893,275 |
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$ |
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1,530,310 |
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