← IPG PHOTONICS CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $260.8m |
$347.6m
+33.31%
|
$404.0m
+16.23%
|
$180.2m
-55.39%
|
$159.6m
-11.46%
|
$278.4m
+74.48%
|
$109.9m
-60.52%
|
$218.9m
+99.14%
|
($181.5m)
-182.93%
|
$31.1m
+117.13%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $260.8m |
$347.6m
+33.31%
|
$404.0m
+16.23%
|
$180.2m
-55.39%
|
$159.6m
-11.46%
|
$277.9m
+74.13%
|
$110.8m
-60.14%
|
$218.9m
+97.61%
|
($181.5m)
-182.93%
|
$31.1m
+117.13%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $260.7m | $347.6m | $404.2m | $180.3m | $160.3m | $277.9m | $110.8m | $218.9m | ($181.5m) | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($36k) | ($26k) | $142k | $27k | $766k | ($550k) | $853k | $0 | $0 | — | — | |
| Depreciation, Depletion and Amortization | $51.5m | $64.6m | $80.3m | $96.3m | $94.6m | $96.3m | $90.6m | $69.6m | $61.4m | $66.9m | $67.1m | |
| Depreciation | $44.8m | $54.9m | $68.2m | $79.0m | $78.4m | $78.6m | $76.1m | $58.2m | $52.4m | $52.8m | $52.8m | |
| Amortization of Intangible Assets | $3.8m | $5.9m | $8.2m | $12.9m | $12.0m | $12.4m | $10.5m | $7.9m | $5.9m | $9.8m | — | |
| Deferred Income Tax Expense (Benefit) | ($12.9m) | $22.9m | ($4.6m) | ($15.5m) | ($12.8m) | ($6.9m) | ($27.6m) | ($13.8m) | ($25.7m) | ($13.7m) | ($6.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $21.7m | $23.0m | $28.0m | $33.4m | $35.5m | $37.9m | $38.3m | $39.5m | $37.1m | $42.9m | $41.4m | |
| Share-based Payment Arrangement, Expense | $21.7m | $23.0m | $28.0m | $33.6m | $35.7m | $38.0m | $38.3m | $39.6m | $37.1m | $43.0m | $41.4m | |
| Goodwill, Impairment Loss | — | — | — | $37.1m | $44.6m | $0 | $0 | — | $0 | $0 | $17.6m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | $7.1m | $1.2m | $0 | $9.7m | ($486k) | $27.0m | $0 | — | |
| Nonoperating Income (Expense) | $2.3m | $759k | $11.0m | $14.6m | $7.0m | ($1.4m) | $13.9m | $42.9m | $46.4m | $32.0m | — | |
| Other Nonoperating Income (Expense) | $948k | $22k | $1.9m | $345k | $763k | $437k | $1.2m | $1.2m | $899k | $2.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $11.4m | $63.2m | $18.8m | ($9.8m) | $13.0m | $2.1m | ($34.1m) | $10.4m | ($46.8m) | $4.8m | $16.5m | |
| Increase (Decrease) in Inventories | $53.6m | $71.1m | $135.4m | $28.1m | $39.9m | $149.8m | $189.0m | ($1.8m) | ($47.7m) | $52.9m | ($71.2m) | |
| Inventory Write-down | $22.8m | $16.9m | $13.0m | $38.9m | $45.4m | $34.3m | $128.0m | $45.5m | $82.5m | $30.1m | — | |
| Increase (Decrease) in Accounts Payable | ($407k) | $2.3m | ($1.4m) | ($10.3m) | ($1.9m) | $31.0m | ($12.2m) | ($16.3m) | ($1.5m) | $4.3m | $942k | |
| Net Cash Provided by (Used in) Operating Activities | $292.3m |
$405.4m
+38.70%
|
$393.3m
-2.98%
|
$323.5m
-17.74%
|
$285.3m
-11.80%
|
$389.7m
+36.58%
|
$212.6m
-45.43%
|
$296.0m
+39.19%
|
$247.9m
-16.25%
|
$75.3m
-69.61%
|
$96.4m
+28.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $127.0m | $126.5m | $160.3m | $133.5m | $87.7m | $123.1m | $110.1m | $110.5m | $98.5m | $78.8m | ($75.6m) | |
| Property, plant and equipment acquisitions funded by liabilities | $127.0m | $126.5m | $160.3m | $133.5m | $87.7m | $123.1m | $110.1m | $110.5m | $98.5m | $78.8m | — | |
| Marketable Securities, Unrealized Gain (Loss) | ($163k) | ($96k) | ($2.7m) | $11.0m | ($19.9m) | ($8.6m) | ($592k) | ($4.3m) | $1.2m | ($822k) | — | |
| Payments to Acquire Investments | — | — | $765.3m | $760.3m | $1.1b | $1.9b | $1.1b | $1.2b | — | $943.3m | ($650.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $47.8m | $60.5m | $109.1m | $15.1m | $429k | $0 | $2.0m | $0 | $66.7m | ($505k) | $0 | |
| Payments for (Proceeds from) Other Investing Activities | ($468k) | $352k | ($415k) | ($237k) | $7k | $1.5m | $43k | ($558k) | ($427k) | ($43k) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($274.4m) | ($170.8m) | ($563.0m) | ($140.0m) | ($99.6m) | ($416.3m) | $297.0m | ($237.6m) | $208.7m | ($265.2m) | ($27.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $2.6m | $19.8m | $3.6m | $3.7m | $3.7m | $3.8m | $18.1m | $16.0m | $0 | $0 | $0 | |
| Proceeds from Issuance of Long-term Debt | $23.8m | $28.0m | $0 | $0 | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $8.9m | $40.0m | $176.1m | $40.7m | $37.9m | $134.9m | $499.5m | $223.5m | $343.8m | $53.1m | — | |
| Net Cash Provided by (Used in) Financing Activities | $32.9m |
($3.4m)
-110.26%
|
($166.6m)
-4842.08%
|
($37.1m)
+77.76%
|
($10.1m)
+72.81%
|
($125.1m)
-1140.73%
|
($514.5m)
-311.42%
|
($236.4m)
+54.06%
|
($339.6m)
-43.68%
|
($54.2m)
+84.04%
|
($30.5m)
+43.74%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($9.4m) | $54.8m | ($29.2m) | $138.6m | $195.6m | ($169.4m) | ($10.9m) | ($183.5m) | $105.4m | ($216.2m) | $398.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $683.0m | $878.6m | $709.1m | $698.2m | $514.7m | $620.0m | $403.8m | $398.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($9.4m) | $54.8m | ($29.2m) | ($7.9m) | $19.9m | ($17.8m) | ($5.9m) | ($5.6m) | ($11.6m) | $27.8m | $1.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $942k | $2.6m | $3.1m | $2.7m | $2.2m | $2.7m | $3.2m | $1.3m | $277k | $226k | — | |
| Income Taxes Paid, Net | $127.0m | $155.6m | $112.8m | $117.0m | $85.9m | $63.0m | $113.2m | $62.9m | $40.6m | $57.0m | — | |
| Non-cash transactions: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($4.5m) | ($14.5m) | $6.2m | ($12.8m) | $12.9m | $15.1m | ($4.1m) | $1.4m | ($5.5m) | ($9.4m) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($2.3m) | ($7.9m) | $2.7m | ($11.0m) | $19.9m | $8.6m | $592k | $4.3m | ($1.2m) | $822k | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $31.8m | $0 | ($190.2m) | $0 | — | |
| General and Administrative Expense | $66.5m | $80.7m | $102.4m | $107.6m | $110.0m | $125.9m | $131.3m | $125.7m | $124.3m | $143.1m | — | |
| Goodwill | $19.8m | $55.8m | $100.7m | $82.1m | $41.4m | $38.6m | $38.3m | $38.5m | $67.2m | $71.7m | $17.6m | |
| Income Tax Expense (Benefit) | $105.8m | $204.3m | $130.2m | $68.1m | $45.4m | $88.6m | $72.6m | $56.0m | $19.6m | $14.0m | — | |
| Operating Expenses | $187.9m | $245.8m | $276.9m | $372.4m | $340.3m | $328.5m | $385.9m | $309.7m | $546.4m | $368.4m | — | |
| Operating Lease, Expense | — | — | — | $8.8m | $7.8m | $8.0m | $8.1m | $4.5m | $6.4m | $6.0m | — | |
| Proceeds from Noncontrolling Interests | — | — | $839k | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | $19.2m | $5.5m | $5.6m | $5.9m | $783k | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.