3D Systems Reports First Quarter 2023 Financial Results

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3D Systems Corporation
Unaudited Consolidated Balance Sheets
March 31, 2023 and December 31, 2022

*(in thousands, except par value)*	March 31, 2023			December 31, 2022
ASSETS
Current assets:
Cash and cash equivalents	$	525,898		$	388,134
Short-term investments		4,027			180,603
Accounts receivable, net of reserves — $2,922 and $3,114		94,677			93,886
Inventories		147,365			137,832
Prepaid expenses and other current assets		38,242			33,790
Total current assets		810,209			834,245
Property and equipment, net		62,150			58,072
Intangible assets, net		88,064			90,230
Goodwill		385,754			385,312
Right-of-use assets		57,090			42,746
Deferred income tax asset		7,214			7,038
Other assets		31,813			28,970
Total assets	$	1,442,294		$	1,446,613
LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY
Current liabilities:
Current lease liabilities	$	10,542		$	9,036
Accounts payable		51,415			53,826
Accrued and other liabilities		54,159			55,571
Customer deposits		6,321			6,911
Deferred revenue		31,575			26,464
Total current liabilities		154,012			151,808
Long-term debt, net of deferred financing costs		450,179			449,510
Long-term lease liabilities		55,231			41,779
Deferred income tax liability		7,680			7,631
Other liabilities		43,744			44,181
Total liabilities		710,846			694,909
Redeemable non-controlling interest		1,762			1,760
Stockholders’ equity:
Common stock, $0.001 par value, authorized 220,000 shares; shares issued 131,164 and 131,207 as of March 31, 2023 and December 31, 2022, respectively		131			131
Additional paid-in capital		1,553,038			1,547,597
Accumulated deficit		(773,383	)		(743,962	)
Accumulated other comprehensive loss		(50,100	)		(53,822	)
Total stockholders’ equity		729,686			749,944
Total liabilities, redeemable non-controlling interest and stockholders’ equity	$	1,442,294		$	1,446,613

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