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