3D Systems Reports Fourth Quarter and Full Year 2016 Financial

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

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