Stratasys Ltd. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Revenues (Tables)

Revenues (Tables)

12 Months Ended

Dec. 31, 2019

The following table present the Company’s revenues disaggregated by geographical region (based on the Company's customers’ location) and revenue type for the years ended December 31, 2019, 2018 and 2017:

	Year ended December 31,
	2019		2018		2017
	(U.S. $ in thousands)
Americas
Products	$	257,119		251,589	$	263,212
Service		158,743		158,152		150,114
Total Americas		415,862		409,741		413,326

EMEA
Products		98,693		119,151		123,616
Service		26,274		28,011		24,663
Total EMEA		124,967		147,162		148,279

Asia Pacific
Products		74,934		85,764		87,458
Service		20,317		20,570		19,299
Total Asia Pacific		95,251		106,334		106,757

Total Revenues	$	636,080	$	663,237	$	668,362

F-21

Table of Contents

STRATASYS LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table present the Company’s revenues disaggregated based on the timing of revenue recognize for the years ended December 31, 2019, 2018 and 2017:

	Year ended December 31,
	2019		2018		2017
Revenues recognized in point in time from:
Products	$	430,746	$	456,504	$	474,286
Services		43,885		130,973		120,531
Total revenues recognized in point in time		474,631		587,477		594,817

Revenues recognized over time from:
Services		161,449		75,760		73,545
Total revenues recognized over time		161,449		75,760		73,545

Total Revenues	$	636,080	$	663,237	$	668,362

Schedule of Changes in Deferred Revenue

Contract liabilities include advance payments and billings in excess of revenue recognized. Contract liabilities are presented under deferred revenues. The Company's deferred revenues as of December 31, 2019 and 2018 were as follows:

	December 31,	December 31,
	2019	2018
	U. S. $ in thousands
Deferred revenue*	68,307	72,387

*Includes $16.0 million and $18.4 million under long term deferred revenue in the Company's consolidated balance sheets as of December 31, 2019 and December 31, 2018, respectively.