XML 58 R45.htm IDEA: XBRL DOCUMENT
v3.24.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Segment | The following tables set forth our operating results by segment for the three and nine months ended September 30, 2024 and September 30, 2023:
| Revenue |  | Adjusted EBITDA
| Three Months Ended September 30, |  | Three Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Healthcare Solutions | $ | 55,056 |  |  | $ | 52,429 |  |  | $ | 12,032 |  |  | $ | 13,869 |
Industrial Solutions | 57,884 |  |  | 71,362 |  |  | (2,617) |  |  | 7,662 |
Total Reportable segments | $ | 112,940 |  |  | $ | 123,791 |  |  | $ | 9,415 |  |  | $ | 21,531 |
| Revenue |  | Adjusted EBITDA
| Nine Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Healthcare Solutions | $ | 149,369 |  |  | $ | 162,028 |  |  | $ | 24,524 |  |  | $ | 30,328 |
Industrial Solutions | 179,728 |  |  | 211,193 |  |  | 2,823 |  |  | 16,828 |
Total Reportable segments | $ | 329,097 |  |  | $ | 373,221 |  |  | $ | 27,347 |  |  | $ | 47,156 |
The following table provides a reconciliation of our reportable segment Adjusted EBITDA to our reported Net loss attributable to 3D Systems Corporation for the three and nine months ended September 30, 2024 and September 30, 2023:
|  | Three Months Ended |  | Nine Months Ended
(in thousands) |  | September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023
Total segment adjusted EBITDA |  | $ | 9,415 |  |  | $ | 21,531 |  |  | $ | 27,347 |  |  | $ | 47,156 |
Less items to reconcile segment adjusted EBITDA to net loss attributable to 3D Systems: |  |  |  |  |  |  |  |
Corporate expense not allocated to segments |  | (23,757) |  |  | (16,805) |  |  | (74,659) |  |  | (59,422) |
Interest income (expense), net |  | 944 |  |  | 4,909 |  |  | 3,856 |  |  | 13,118 |
Provision for income taxes |  | 4,343 |  |  | (174) |  |  | 2,496 |  |  | (404) |
Depreciation expense |  | (4,644) |  |  | (5,084) |  |  | (14,514) |  |  | (15,690) |
Amortization expense |  | (8,357) |  |  | (3,179) |  |  | (13,260) |  |  | (9,676) |
Stock-based compensation expense |  | (5,796) |  |  | 3,142 |  |  | (17,370) |  |  | (15,140) |
Acquisition and divestiture-related expense |  | (577) |  |  | 4,055 |  |  | (815) |  |  | (134) |
Legal and other related costs |  | (2,619) |  |  | (2,145) |  |  | (9,200) |  |  | (4,880) |
Restructuring expense |  | (690) |  |  | (1,504) |  |  | (828) |  |  | (6,712) |
Net loss attributable to redeemable non-controlling interest |  | 109 |  |  | 57 |  |  | 252 |  |  | 149 |
Loss on equity method investments, net of tax |  | (1,254) |  |  | (605) |  |  | (2,403) |  |  | (747) |
Gain on repurchase of debt |  | — |  |  | — |  |  | 21,518 |  |  | — |
Asset impairment charges |  | (143,733) |  |  | (13,595) |  |  | (143,733) |  |  | (14,211) |
Other non-operating income (expense) |  | (2,011) |  |  | (2,307) |  |  | (573) |  |  | (3,427) |
Net loss attributable to 3D Systems Corporation |  | $ | (178,627) |  |  | $ | (11,704) |  |  | $ | (221,886) |  |  | $ | (70,020) |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration