3D Systems Reports Fourth Quarter and Full Year 2016 Financial Results
|
3D Systems Corporation |
|
Unaudited Condensed Consolidated Balance Sheets |
|
December 31, 2016 and 2015 |
| |
|
|
|
December 31, |
|
December 31, |
|
(in thousands, except par value) |
|
2016 |
|
|
2015 |
|
|
ASSETS |
|
|
|
|
|
|
| Current assets: |
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
184,947 |
|
|
$ |
155,643 |
|
| Accounts receivable, net of reserves — $12,920 (2016) and $14,139 (2015) |
|
|
127,114 |
|
|
|
157,406 |
|
| Inventories, net of reserves — $14,770 (2016) and $28,225 (2015) |
|
|
103,331 |
|
|
|
105,877 |
|
| Prepaid expenses and other current assets |
|
|
17,558 |
|
|
|
13,541 |
|
| Total current assets |
|
|
432,950 |
|
|
|
432,467 |
|
| Property and equipment, net |
|
|
79,978 |
|
|
|
85,995 |
|
| Intangible assets, net |
|
|
121,501 |
|
|
|
157,466 |
|
| Goodwill |
|
|
181,230 |
|
|
|
187,875 |
|
| Long term deferred income tax asset |
|
|
8,123 |
|
|
|
1,900 |
|
| Other assets, net |
|
|
25,371 |
|
|
|
26,256 |
|
| Total assets |
|
$ |
849,153 |
|
|
$ |
891,959 |
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
| Current liabilities: |
|
|
|
|
|
|
| Current portion of capitalized lease obligations |
|
$ |
572 |
|
|
$ |
529 |
|
| Accounts payable |
|
|
40,514 |
|
|
|
46,869 |
|
| Accrued and other liabilities |
|
|
49,968 |
|
|
|
54,699 |
|
| Customer deposits |
|
|
5,857 |
|
|
|
8,229 |
|
| Deferred revenue |
|
|
33,494 |
|
|
|
35,145 |
|
| Total current liabilities |
|
|
130,405 |
|
|
|
145,471 |
|
| Long term portion of capitalized lease obligations |
|
|
7,587 |
|
|
|
8,187 |
|
| Long term deferred income tax liability |
|
|
17,601 |
|
|
|
17,944 |
|
| Other liabilities |
|
|
57,988 |
|
|
|
56,839 |
|
| Total liabilities |
|
|
213,581 |
|
|
|
228,441 |
|
| Redeemable noncontrolling interests |
|
|
8,872 |
|
|
|
8,872 |
|
| Commitments and contingencies (Note 22) |
|
|
|
|
|
|
| Stockholders’ equity: |
|
|
|
|
|
|
| Common stock, $0.001 par value, authorized 220,000 shares; issued 115,113 (2016) and 113,115 (2015) |
|
|
115 |
|
|
|
113 |
|
| Additional paid-in capital |
|
|
1,307,428 |
|
|
|
1,279,738 |
|
| Treasury stock, at cost — 1,498 shares (2016) and 892 shares (2015) |
|
|
(2,658 |
) |
|
|
(1,026 |
) |
| Accumulated deficit |
|
|
(621,787 |
) |
|
|
(583,368 |
) |
| Accumulated other comprehensive loss |
|
|
(53,225 |
) |
|
|
(39,548 |
) |
| Total 3D Systems Corporation stockholders' equity |
|
|
629,873 |
|
|
|
655,909 |
|
| Noncontrolling interests |
|
|
(3,173 |
) |
|
|
(1,263 |
) |
| Total stockholders’ equity |
|
|
626,700 |
|
|
|
654,646 |
|
| Total liabilities, redeemable noncontrolling interests and stockholders’ equity |
|
$ |
849,153 |
|
|
$ |
891,959 |
|
| |
|
|
|
|
|
|
|
