3D Systems Reports Third Quarter 2019 Financial Results

(a)      The amounts for cash and cash equivalents shown above include restricted cash of $931 and $934 as of September 30, 2019 and 2018, respectively, and $921 and $487 as of December 31, 2017, and 2016, respectively, which were included in other assets, net in the condensed consolidated balance sheets.

3D Systems Corporation
Schedule 1
Loss Per Share
Quarter and Nine Months Ended September 30, 2019 and 2018

  Quarter Ended September 30,   Nine Months Ended September 30,
(in thousands, except per share amounts) 2019    2018    2019    2018 
Numerator for basic and diluted net loss per share:              
Net loss attributable to 3D Systems Corporation $ (16,843)   $ (11,550)   $ (65,167)   $ (41,369)
               
Denominator for basic and diluted net loss per share:              
Weighted average shares 114,053    112,534    113,587    112,095 
               
Net loss per share - basic and diluted $ (0.15)   $ (0.10)   $ (0.57)   $ (0.37)

3D Systems Corporation
Schedule 2
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Quarter and Nine Months Ended September 30, 2019 and 2018

  Quarter Ended September 30,   Nine Months Ended September 30,
(in millions, except per share amounts) 2019   2018    2019   2018
GAAP Net loss attributable to 3D Systems Corporation $ (16.8)   $ (11.6)   $ (65.2)   $ (41.4)
Adjustments:              
Amortization, stock-based compensation & other 1 10.9    15.2    35.7    44.8 
Legal, acquisition and divestiture related 2 (0.2)   (2.1)   7.0    (2.1)
Cost optimization plan, including severance costs 3 1.4    0.9    7.1    2.4 
Impairment of cost-method investments 4 0.3    —    0.3    1.4 
Non-GAAP net income attributable to 3D Systems Corporation $ (4.5)   $ 2.4    $ (15.1)   $ 5.1 
Non-GAAP net income per share available to 3D Systems common stock holders - basic and diluted 5 $ (0.04)   $ 0.02    $ (0.13)   $ 0.05 
               

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