6-K Filing

STRATASYS LTD. CIK: 1517396 Q1 2018

Filing Information

Form Type	6-K
Accession Number	`0001206774-18-001539`
Period End Date	20180331
Filing Date	20180502
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ssys-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 46 Cash Flow Statement 68

Balance Sheet 82 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`	53.63M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$346.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$328.76M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.71M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$132.67M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$119.84M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	53.63M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	53.71M	shares	Point-in-time
Inventories	`InventoryNet`	$115.72M	USD	Point-in-time
Inventories	`InventoryNet`	$120.06M	USD	Point-in-time
Net investment in sales-type leases	`CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesCurrent`	$5.98M	USD	Point-in-time
Net investment in sales-type leases	`CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesCurrent`	$7.21M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.70M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.26M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.86M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$614.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$619.98M	USD	Point-in-time
Net investment in sales-type leases - long-term	`LongTermInvestments`	$4.44M	USD	Point-in-time
Net investment in sales-type leases - long-term	`LongTermInvestments`	$3.42M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$197.55M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$199.95M	USD	Point-in-time
Goodwill	`Goodwill`	$387.42M	USD	Point-in-time
Goodwill	`Goodwill`	$387.11M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$142.12M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$132.81M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$31.22M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$34.48M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$755.68M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$764.84M	USD	Point-in-time
Total assets	`Assets`	$1.38B	USD	Point-in-time
Total assets	`Assets`	$1.38B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.85M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$5.14M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$5.14M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$33.39M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$30.04M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$35.54M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$35.36M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$55.06M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$52.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$169.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$163.30M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$25.86M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$27.14M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesGrossNoncurrent`	$7.07M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesGrossNoncurrent`	$4.14M	USD	Point-in-time
Deferred revenues - long-term	`DeferredRevenueNoncurrent`	$15.20M	USD	Point-in-time
Deferred revenues - long-term	`DeferredRevenueNoncurrent`	$15.14M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$32.90M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$30.79M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$75.92M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$82.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$245.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$245.66M	USD	Point-in-time
Contingencies (see note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.64M	USD	Point-in-time
Redeemable non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.58M	USD	Point-in-time
Ordinary shares, NIS 0.01 nominal value, authorized 180,000 thousands shares; 53,710 thousands shares and 53,631 thousands shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$145.00K	USD	Point-in-time
Ordinary shares, NIS 0.01 nominal value, authorized 180,000 thousands shares; 53,710 thousands shares and 53,631 thousands shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$145.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.66B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.67B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.48M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.24M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.02M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.52B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.53B	USD	Point-in-time
Equity attributable to Stratasys Ltd.	`StockholdersEquity`	$1.13B	USD	Point-in-time
Equity attributable to Stratasys Ltd.	`StockholdersEquity`	$1.13B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-17.00K	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$17.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.13B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.13B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.38B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.38B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`Revenues`	$163.16M	USD	1 Quarter
Total net sales	`Revenues`	$153.83M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$78.18M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$86.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$76.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$75.65M	USD	1 Quarter
Research and development, net	`ResearchAndDevelopmentExpense`	$24.63M	USD	1 Quarter
Research and development, net	`ResearchAndDevelopmentExpense`	$25.11M	USD	1 Quarter
Selling, general and administrative	`SellingAndMarketingExpense`	$64.88M	USD	1 Quarter
Selling, general and administrative	`SellingAndMarketingExpense`	$57.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$89.51M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$82.11M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-12.63M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.46M	USD	1 Quarter
Financial income, net	`NonoperatingIncomeExpense`	$256.00K	USD	1 Quarter
Financial income, net	`NonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.37M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.46M	USD	1 Quarter
Income tax expenses	`IncomeTaxExpenseBenefit`	$1.33M	USD	1 Quarter
Income tax expenses	`IncomeTaxExpenseBenefit`	$601.00K	USD	1 Quarter
Share in losses of associated companies	`IncomeLossFromEquityMethodInvestments`	$-6.07M	USD	1 Quarter
Share in losses of associated companies	`IncomeLossFromEquityMethodInvestments`	$-288.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.99M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.13M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-130.00K	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-90.00K	USD	1 Quarter
Net loss attributable to Stratasys Ltd.	`NetIncomeLoss`	$-13.04M	USD	1 Quarter
Net loss attributable to Stratasys Ltd.	`NetIncomeLoss`	$-13.86M	USD	1 Quarter
Net loss per ordinary share attributable to Stratasys Ltd. - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	1 Quarter
Net loss per ordinary share attributable to Stratasys Ltd. - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	1 Quarter
Weighted average ordinary shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	52.69M	shares	1 Quarter
Weighted average ordinary shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	53.66M	shares	1 Quarter
Net loss	`ProfitLoss`	$-13.99M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.13M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.01M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$713.00K	USD	1 Quarter
Unrealized gains (losses) on derivatives designated as cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-325.00K	USD	1 Quarter
Unrealized gains (losses) on derivatives designated as cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$523.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.69M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.24M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-12.75M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-11.45M	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-90.00K	USD	1 Quarter
Less: comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-130.00K	USD	1 Quarter
Comprehensive loss attributable to Stratasys Ltd.	`ComprehensiveIncomeNetOfTax`	$-11.36M	USD	1 Quarter
Comprehensive loss attributable to Stratasys Ltd.	`ComprehensiveIncomeNetOfTax`	$-12.62M	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-13.99M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.57M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.42M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.90M	USD	1 Quarter
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.68M	USD	1 Quarter
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.74M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$791.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$922.00K	USD	1 Quarter
Share in losses of associated companies	`LossOnSaleOfInvestments`	$288.00K	USD	1 Quarter
Share in losses of associated companies	`LossOnSaleOfInvestments`	$6.07M	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$-1.67M	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$-709.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-13.99M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-6.14M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.57M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.03M	USD	1 Quarter
Net investment in sales-type leases	`IncreaseDecreaseInNetInvestmentInSalesTypeLeases`	$-2.24M	USD	1 Quarter
Net investment in sales-type leases	`IncreaseDecreaseInNetInvestmentInSalesTypeLeases`	$-3.34M	USD	1 Quarter
Other current assets and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$280.00K	USD	1 Quarter
Other current assets and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-266.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-275.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$304.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.85M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$981.00K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$4.11M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$4.04M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.59M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$333.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-2.09M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.04M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.05M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.68M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.32M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.61M	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireLongtermInvestments`	$5.00M	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireLongtermInvestments`	$2.55M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$515.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$271.00K	USD	1 Quarter
Proceeds from sale of plant and property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.77M	USD	1 Quarter
Proceeds from sale of plant and property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$162.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$80.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.46M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.27M	USD	1 Quarter
Repayment of current portion of long-term debt	`RepaymentsOfLongTermDebt`	$929.00K	USD	1 Quarter
Repayment of current portion of long-term debt	`RepaymentsOfLongTermDebt`	$1.29M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$528.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-284.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-401.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$296.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.42M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.79M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.24M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$297.86M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$329.36M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$280.62M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$347.15M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$297.86M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$329.36M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$280.62M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$347.15M	USD	Point-in-time
Transfer of fixed assets to inventory	`TransferOfFixedAssetsToInventory`	$109.00K	USD	1 Quarter
Transfer of fixed assets to inventory	`TransferOfFixedAssetsToInventory`	$129.00K	USD	1 Quarter
Transfer of inventory to fixed assets	`TransferOfInventoryToFixedAssets`	$320.00K	USD	1 Quarter
Transfer of inventory to fixed assets	`TransferOfInventoryToFixedAssets`	$1.36M	USD	1 Quarter

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