Desktop Metal, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of other lease related balances

Information about other lease-related balances is as follows (in thousands):


		Years Ended December 31,
		2023			2022
Lease cost
Operating lease cost		$	7,421		$	5,718
Short‑term lease cost			104			292
Variable lease cost			235			245
Finance lease cost			141			92
Total lease cost		$	7,901		$	6,347
Other Information
Operating cash flows used in operating leases		$	8,073		$	6,352
Operating cash flows used in finance leases			25			81
Weighted‑average remaining lease term—operating leases (years)			4.3			5.0
Weighted‑average remaining lease term—finance leases (years)			6.3			7.8
Weighted‑average discount rate—operating leases			6	%		4.3	%
Weighted‑average discount rate—finance leases			3.1	%		3.1	%

Schedule of future minimum operating lease payments

Future minimum lease payments under noncancelable operating leases as of December 31, 2023, are as follows (in thousands):


		Operating Leases			Finance Leases
2024		$	9,117		$	79
2025			8,613			78
2026			6,818			78
2027			4,992			78
2028			3,285			78
2029 and after			1,695			243
Total lease payments			34,520			634
Less amount representing interest			(4,114)			(70)
Total lease liability			30,406			564
Less current portion of lease liability			(7,341)			(63)
Lease liability, net of current portion		$	23,065		$	501