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6-K Filing

STRATASYS LTD. CIK: 1517396 Q1 2016
Filing Information
Form Type 6-K
Accession Number 0001206774-16-005888
Period End Date 20160331
Filing Date 20160509
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance ssys-20160331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 line items
Line Item Tag Value Unit Period
Common stock, par value (in NIS per share) CommonStockParOrStatedValuePerShare 0.01 ILS Point-in-time
Common stock, par value (in NIS per share) CommonStockParOrStatedValuePerShare 0.01 ILS Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 180.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 180.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 52.08M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 52.11M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $423.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $257.59M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $213.18M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $442.14M USD Point-in-time
Short-term bank deposits ShortTermBankDeposits $571.00K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 52.11M shares Point-in-time
Short-term bank deposits ShortTermBankDeposits $67.00M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 52.08M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $123.22M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $109.13M USD Point-in-time
Inventories InventoryNet $123.66M USD Point-in-time
Inventories InventoryNet $124.48M USD Point-in-time
Net investment in sales-type leases CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesCurrent $12.83M USD Point-in-time
Net investment in sales-type leases CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesCurrent $11.70M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $8.47M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $7.36M USD Point-in-time
Other current assets OtherAssetsCurrent $21.86M USD Point-in-time
Other current assets OtherAssetsCurrent $20.24M USD Point-in-time
Total current assets AssetsCurrent $547.07M USD Point-in-time
Total current assets AssetsCurrent $554.23M USD Point-in-time
Goodwill Goodwill $383.85M USD Point-in-time
Goodwill Goodwill $386.56M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $252.47M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $238.43M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $200.70M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $201.93M USD Point-in-time
Net investment in sales-type leases - long-term CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesNoncurrent $18.57M USD Point-in-time
Net investment in sales-type leases - long-term CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesNoncurrent $17.79M USD Point-in-time
Deferred income taxes and other non-current assets DeferredTaxAssetsAndOtherAssetsNoncurrent $14.31M USD Point-in-time
Deferred income taxes and other non-current assets DeferredTaxAssetsAndOtherAssetsNoncurrent $11.24M USD Point-in-time
Total non-current assets AssetsNoncurrent $867.28M USD Point-in-time
Total non-current assets AssetsNoncurrent $858.58M USD Point-in-time
Total assets Assets $1.41B USD Point-in-time
Total assets Assets $1.41B USD Point-in-time
Accounts payable AccountsPayableCurrent $37.55M USD Point-in-time
Accounts payable AccountsPayableCurrent $39.02M USD Point-in-time
Accrued expenses and other current liabilities AccountsPayableAndOtherAccruedLiabilitiesCurrent $31.31M USD Point-in-time
Accrued expenses and other current liabilities AccountsPayableAndOtherAccruedLiabilitiesCurrent $34.51M USD Point-in-time
Accrued compensation and related benefits EmployeeRelatedLiabilitiesCurrent $41.38M USD Point-in-time
Accrued compensation and related benefits EmployeeRelatedLiabilitiesCurrent $34.05M USD Point-in-time
Income taxes payable TaxesPayableCurrent $11.39M USD Point-in-time
Income taxes payable TaxesPayableCurrent $11.95M USD Point-in-time
Obligations in connection with acquisitions ObligationsInConnectionWithAcquisitionsCurrent $4.64M USD Point-in-time
Obligations in connection with acquisitions ObligationsInConnectionWithAcquisitionsCurrent $5.06M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $52.31M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $52.03M USD Point-in-time
Total current liabilities LiabilitiesCurrent $172.73M USD Point-in-time
Total current liabilities LiabilitiesCurrent $182.48M USD Point-in-time
Obligations in connection with acquisitions - long-term ObligationsInConnectionWithAcquisitionsNoncurrent $4.35M USD Point-in-time
Obligations in connection with acquisitions - long-term ObligationsInConnectionWithAcquisitionsNoncurrent $4.66M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesGrossNoncurrent $14.69M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesGrossNoncurrent $16.04M USD Point-in-time
Deferred revenues - long-term DeferredRevenueNoncurrent $7.63M USD Point-in-time
Deferred revenues - long-term DeferredRevenueNoncurrent $8.46M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $24.57M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $22.43M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $50.45M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $52.39M USD Point-in-time
Total liabilities Liabilities $223.18M USD Point-in-time
Total liabilities Liabilities $234.87M USD Point-in-time
Contingencies, see note 9 CommitmentsAndContingencies - USD Point-in-time
Contingencies, see note 9 CommitmentsAndContingencies - USD Point-in-time
Redeemable non-controlling interests RedeemableNoncontrollingInterestEquityCarryingAmount $2.38M USD Point-in-time
Redeemable non-controlling interests RedeemableNoncontrollingInterestEquityCarryingAmount $2.28M USD Point-in-time
Ordinary shares, NIS 0.01 nominal value, authorized 180,000 thousands shares; 52,107 thousands shares and 52,082 thousands shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively CommonStockValue $141.00K USD Point-in-time
Ordinary shares, NIS 0.01 nominal value, authorized 180,000 thousands shares; 52,107 thousands shares and 52,082 thousands shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively CommonStockValue $141.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.61B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.61B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.65M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.68M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.50M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-10.77M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.41B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.43B USD Point-in-time
Equity attributable to Stratasys Ltd. StockholdersEquity $1.18B USD Point-in-time
Equity attributable to Stratasys Ltd. StockholdersEquity $1.19B USD Point-in-time
Non-controlling interests MinorityInterest $183.00K USD Point-in-time
Non-controlling interests MinorityInterest $251.00K USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.18B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.19B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.41B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.41B USD Point-in-time
Income Statement 60 line items
Line Item Tag Value Unit Period
Products SalesRevenueGoodsNet $118.63M USD 1 Quarter
Products SalesRevenueGoodsNet $126.67M USD 1 Quarter
Services SalesRevenueServicesNet $46.06M USD 1 Quarter
Services SalesRevenueServicesNet $49.27M USD 1 Quarter
Total net sales SalesRevenueNet $167.91M USD 1 Quarter
Total net sales SalesRevenueNet $172.73M USD 1 Quarter
Products CostOfGoodsSold $56.94M USD 1 Quarter
Products CostOfGoodsSold $98.37M USD 1 Quarter
Services CostOfServices $29.80M USD 1 Quarter
Services CostOfServices $28.27M USD 1 Quarter
Total cost of sales CostOfGoodsAndServicesSold $126.64M USD 1 Quarter
Total cost of sales CostOfGoodsAndServicesSold $86.74M USD 1 Quarter
Gross profit GrossProfit $46.09M USD 1 Quarter
Gross profit GrossProfit $81.17M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $25.11M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $27.24M USD 1 Quarter
Selling, general and administrative SellingAndMarketingExpense $76.39M USD 1 Quarter
Selling, general and administrative SellingAndMarketingExpense $102.61M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $150.40M USD 1 Quarter
Change in fair value of obligations in connection with acquisitions ChangeInFairValueOfObligationsInConnectionWithAcquisitions $-13.26M USD 1 Quarter
Change in fair value of obligations in connection with acquisitions ChangeInFairValueOfObligationsInConnectionWithAcquisitions $727.00K USD 1 Quarter
Total operating expenses OperatingExpenses $102.23M USD 1 Quarter
Total operating expenses OperatingExpenses $266.99M USD 1 Quarter
Operating loss OperatingIncomeLoss $-220.90M USD 1 Quarter
Operating loss OperatingIncomeLoss $-21.06M USD 1 Quarter
Financial income (expenses), net NonoperatingIncomeExpense $180.00K USD 1 Quarter
Financial income (expenses), net NonoperatingIncomeExpense $-5.12M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-20.88M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-226.03M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $2.29M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $-9.62M USD 1 Quarter
Net loss ProfitLoss $-23.17M USD 1 Quarter
Net loss ProfitLoss $-216.40M USD 1 Quarter
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-30.00K USD 1 Quarter
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-116.00K USD 1 Quarter
Net loss attributable to Stratasys Ltd. NetIncomeLoss $-23.14M USD 1 Quarter
Net loss attributable to Stratasys Ltd. NetIncomeLoss $-216.29M USD 1 Quarter
Basic EarningsPerShareBasic $-0.44 USD 1 Quarter
Basic EarningsPerShareBasic $-4.24 USD 1 Quarter
Diluted EarningsPerShareDiluted $-4.24 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.44 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 50.96M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 52.10M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 50.96M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 52.10M shares 1 Quarter
Net loss ProfitLoss $-23.17M USD 1 Quarter
Net loss ProfitLoss $-216.40M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-6.41M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $3.34M USD 1 Quarter
Unrealized gains on derivatives designated as cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $380.00K USD 1 Quarter
Unrealized gains on derivatives designated as cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $931.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $4.27M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-6.03M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-18.90M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-222.43M USD 1 Quarter
Less: comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-116.00K USD 1 Quarter
Less: comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-30.00K USD 1 Quarter
Comprehensive loss attributable to Stratasys Ltd. ComprehensiveIncomeNetOfTax $-222.32M USD 1 Quarter
Comprehensive loss attributable to Stratasys Ltd. ComprehensiveIncomeNetOfTax $-18.87M USD 1 Quarter
Cash Flow Statement 76 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-23.17M USD 1 Quarter
Net loss ProfitLoss $-216.40M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $28.91M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $23.50M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $5.62M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $9.76M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $150.40M USD 1 Quarter
Impairment of other intangible assets ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $43.20M USD 1 Quarter
Impairment of other intangible assets ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 1 Quarter
Foreign currency translation loss (gain) ForeignCurrencyTransactionGainLossBeforeTax $-8.71M USD 1 Quarter
Foreign currency translation loss (gain) ForeignCurrencyTransactionGainLossBeforeTax $4.19M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $13.83M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $889.00K USD 1 Quarter
Change in fair value of obligations in connection with acquisitions ChangeInFairValueOfObligationsInConnectionWithAcquisitions $-13.26M USD 1 Quarter
Change in fair value of obligations in connection with acquisitions ChangeInFairValueOfObligationsInConnectionWithAcquisitions $727.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-47.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-614.00K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-15.56M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-4.56M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $15.35M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-363.00K USD 1 Quarter
Net investment in sales-type leases IncreaseDecreaseInNetInvestmentInSalesTypeLeases $1.82M USD 1 Quarter
Net investment in sales-type leases IncreaseDecreaseInNetInvestmentInSalesTypeLeases $1.91M USD 1 Quarter
Other receivables and prepaid expenses IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-8.92M USD 1 Quarter
Other receivables and prepaid expenses IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.09M USD 1 Quarter
Other non-current assets IncreaseDecreaseInOtherOperatingAssets $-287.00K USD 1 Quarter
Other non-current assets IncreaseDecreaseInOtherOperatingAssets $1.10M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $10.09M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-951.00K USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $11.66M USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $-5.59M USD 1 Quarter
Deferred revenues IncreaseDecreaseInDeferredRevenue $2.75M USD 1 Quarter
Deferred revenues IncreaseDecreaseInDeferredRevenue $-79.00K USD 1 Quarter
Other non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $3.91M USD 1 Quarter
Other non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $2.36M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $31.58M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $3.90M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.58M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.41M USD 1 Quarter
Investment in short-term bank deposits PaymentsToAcquireShortTermBankDeposits $1.71M USD 1 Quarter
Investment in short-term bank deposits PaymentsToAcquireShortTermBankDeposits $67.26M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments - USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $4.00M USD 1 Quarter
Proceeds from maturities of short-term bank deposits ProceedsFromSaleOfShortTermBankDeposits $1.56M USD 1 Quarter
Proceeds from maturities of short-term bank deposits ProceedsFromSaleOfShortTermBankDeposits $8.72M USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireNetOfCashAcquired $3.80M USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireNetOfCashAcquired - USD 1 Quarter
Acquisition of intangible assets PaymentsToAcquireIntangibleAssets $245.00K USD 1 Quarter
Acquisition of intangible assets PaymentsToAcquireIntangibleAssets $376.00K USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $99.00K USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $70.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-11.67M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-77.61M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.97M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $122.00K USD 1 Quarter
Payments of obligations in connection with acquisitions PaymentsForEarnOutObligation $11.62M USD 1 Quarter
Payments of obligations in connection with acquisitions PaymentsForEarnOutObligation - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $122.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-9.65M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-1.69M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.48M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-19.11M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-44.42M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $423.03M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $257.59M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $213.18M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $442.14M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $423.03M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $257.59M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $213.18M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $442.14M USD Point-in-time
Transfer of fixed assets to inventory TransferOfFixedAssetsToInventory $2.50M USD 1 Quarter
Transfer of fixed assets to inventory TransferOfFixedAssetsToInventory $503.00K USD 1 Quarter
Transfer of inventory to fixed assets TransferOfInventoryToFixedAssets $939.00K USD 1 Quarter
Transfer of inventory to fixed assets TransferOfInventoryToFixedAssets $4.58M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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