3D Systems Reports Third Quarter 2020 Financial Results

Investor Contact: investor.relations@3dsystems.com
Media Contact: press@3dsystems.com

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3D Systems Corporation
Unaudited Condensed Consolidated Balance Sheets
September 30, 2020 and December 31, 2019

*(In thousands, except par value)*	September 30, 2020			December 31, 2019
ASSETS
Current assets:
Cash and cash equivalents	$	75,264		$	133,665
Accounts receivable, net of reserves — $8,243 and $8,762	98,755			109,408
Inventories	126,882			111,106
Prepaid expenses and other current assets	34,671			18,991
Total current assets	335,572			373,170
Property and equipment, net	81,433			92,940
Intangible assets, net	36,888			48,338
Goodwill	179,536			223,176
Right of use assets	44,366			36,890
Deferred income tax asset	6,502			5,408
Other assets, net	22,985			27,390
Total assets	$	707,282		$	807,312
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	$	1,758		$	2,506
Current right of use liabilities	9,431			9,569
Accounts payable	41,674			49,851
Accrued and other liabilities	66,749			63,095
Customer deposits	4,463			5,712
Deferred revenue	36,353			32,231
Total current liabilities	160,428			162,964
Long-term debt, net of deferred financing costs	19,804			45,215
Long-term right of use liabilities	44,521			35,402
Deferred income tax liability	5,121			4,027
Other liabilities	48,890			45,808
Total liabilities	278,764			293,416
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.001 par value, authorized 220,000 shares; issued 127,664 and 121,266	128			120
Additional paid-in capital	1,404,265			1,371,564
Treasury stock, at cost — 3,456 shares and 3,670 shares	(22,590		)	(18,769		)
Accumulated deficit	(923,473		)	(793,709		)
Accumulated other comprehensive loss	(29,812		)	(37,047		)
Total 3D Systems Corporation stockholders' equity	428,518			522,159
Noncontrolling interests	—			(8,263		)
Total stockholders’ equity	428,518			513,896
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$	707,282		$	807,312

3D Systems Corporation

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