3D SYSTEMS CORP
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flow
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| (in thousands) | September 30, 2025 | September 30, 2024 |
| OPERATING ACTIVITIES | ||
| Net income (loss) before redeemable non-controlling interest | $49,397 | $(222,138) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 16,280 | 27,774 |
| Accretion of debt discount | 993 | 1,063 |
| Stock-based compensation | 1,805 | 17,339 |
| Non-cash operating lease expense | 7,382 | 7,370 |
| Provision for inventory obsolescence | 5,158 | 10,332 |
| Provision for bad debts | 1,458 | 148 |
| (Gain) loss on the disposition of businesses, property, equipment and other assets | (126,251) | 1,649 |
| Gain on debt extinguishment | (8,203) | (21,518) |
| Provision (benefit) for deferred income taxes and reserve adjustments | (1,154) | 451 |
| Loss on equity method investment, net of taxes | 3,560 | 2,403 |
| Asset impairment charges | — | 143,733 |
| Changes in operating accounts: | ||
| Accounts receivable | 18,288 | 2,594 |
| Inventories | (15,474) | 5,972 |
| Prepaid expenses and other current assets | (6,422) | 6,831 |
| Accounts payable | (4,844) | (7,201) |
| Deferred revenue and customer deposits | (809) | 4,533 |
| Accrued and other liabilities | (2,645) | (9,843) |
| All other operating activities | (11,650) | (8,601) |
| Net cash used in operating activities | (73,131) | (37,109) |
| INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (7,995) | (10,798) |
| Proceeds from sale of assets and businesses, net of cash sold | 119,400 | 96 |
| Acquisitions and other investments, net of cash acquired | (3,400) | (2,450) |
| Other investing activities | 271 | — |
| Net cash provided by (used in) investing activities | 108,276 | (13,152) |
| FINANCING ACTIVITIES | ||
| Proceeds from borrowings | 92,030 | — |
| Debt issuance costs | (3,425) | — |
| Repayment of borrowings and long-term debt | (169,987) | (87,218) |
| Stock repurchases | (14,960) | — |
| Taxes paid related to net-share settlement of equity awards | (830) | (2,526) |
| Other financing activities | (1,168) | (1,003) |
| Net cash used in financing activities | (98,340) | (90,747) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 4,553 | (530) |
| Net decrease in cash, cash equivalents and restricted cash | (58,642) | (141,538) |
| Cash, cash equivalents and restricted cash at the beginning of the year | 172,881 | 333,111 |
| Cash, cash equivalents and restricted cash at the end of the period | $114,239 | $191,573 |
| Balances per Condensed Consolidated Balance Sheets: | ||
| Cash and cash equivalents | $95,542 | $190,005 |
| Restricted cash included in prepaid expenses and other current assets | 126 | 122 |
| Restricted cash included in other assets (a) | 18,571 | 1,446 |
| Total cash, cash equivalents and restricted cash | $114,239 | $191,573 |
Continued on next page
Condensed Consolidated Statements of Cash Flows
| (in thousands) | Nine Months Ended | |
|---|---|---|
| Supplemental cash flow information | September 30, 2025 | September 30, 2024 |
| Lease assets obtained in exchange for new lease liabilities | $3,155 | $1,955 |
| Cash interest payments | 715 | 766 |
| Cash income tax payments, net | 3,820 | 4,580 |
| Transfer of equipment from inventory to property and equipment, net (b) | 3,199 | 1,655 |
| Exchange of assets for investment | 1,016 | — |
(a)The balance in restricted cash as of September 30, 2025 includes (1) $16.8 million of restricted cash as required by the indenture for the Convertible senior secured notes due 2030 and (2) guarantees in the form of a standby letter of credit as security for a long-term real estate lease. The balance in restricted cash as of September 30, 2024 primarily relates to guarantees in the form of a standby letter of credit as security for a long-term real estate lease. Refer to Note 6 and Note 12 for further information.
(b)Inventory is transferred to property and equipment at cost when we require additional machines for training or demonstration or for placement into on demand manufacturing services locations.
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