IPG Photonics Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	403.79	620.04	514.67	698.21	709.11
Short-Term Investments	435.54	310.15	662.81	479.37	805.4
Cash & Short-Term Investments	839.33	930.19	1,177	1,178	1,515
Cash Growth	-9.77%	-21.00%	-0.01%	-22.25%	8.87%
Receivables	181.73	175.87	228.44	219.97	271.47
Inventory	313.42	284.78	453.87	509.36	460.75
Prepaid Expenses	45.77	22.56	28.83	38.43	63.98
Other Current Assets	43.2	17.59	26.04	40.93	36.99
Total Current Assets	1,423	1,431	1,915	1,986	2,348
Property, Plant & Equipment	637.52	602.9	616.2	596.13	656.99
Long-Term Investments	76.53	-	-	0.2	-
Goodwill	71.74	67.24	38.54	38.33	38.61
Other Intangible Assets	49.93	55.38	26.23	34.12	52.68
Long-Term Deferred Tax Assets	123.89	115.03	88.79	75.15	47.76
Other Long-Term Assets	41.23	17.72	14.48	13.09	26.82
Total Assets	2,424	2,289	2,699	2,743	3,171
Accounts Payable	39.29	35.39	28.62	46.23	55.84
Accrued Expenses	184.85	56.57	67.05	78.25	94.86
Current Portion of Long-Term Debt	-	-	-	16.03	18.13
Current Portion of Leases	-	4.84	4.6	5.23	5.45
Current Income Taxes Payable	9.9	17.59	4.89	9.62	8.64
Current Unearned Revenue	-	56.45	69.22	80.07	89.66
Other Current Liabilities	-	34.19	40.48	39.21	40.86
Total Current Liabilities	234.04	205.02	214.86	274.65	313.43
Long-Term Debt	-	-	-	-	16.27
Long-Term Leases	-	13.12	13.66	16.79	18.52
Long-Term Deferred Tax Liabilities	-	14.21	1.51	1.47	1.63
Other Long-Term Liabilities	62.11	32.44	53.48	65.02	73.46
Total Liabilities	296.15	264.79	283.51	357.92	423.32
Common Stock	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,077	1,035	994.02	951.37	908.42
Retained Earnings	2,645	2,614	2,795	2,577	2,467
Treasury Stock	-1,556	-1,505	-1,162	-938.01	-438.5
Comprehensive Income & Other	-38.38	-119.37	-212.53	-204.52	-189.95
Total Common Equity	2,128	2,024	2,415	2,385	2,747
Minority Interest	-	-	-	-	0.64
Shareholders' Equity	2,128	2,024	2,415	2,385	2,747
Total Liabilities & Equity	2,424	2,289	2,699	2,743	3,171
Total Debt	-	17.96	18.26	38.05	58.37
Net Cash (Debt)	839.33	912.23	1,159	1,140	1,456
Net Cash Growth	-7.99%	-21.31%	1.73%	-21.74%	9.63%
Net Cash Per Share	19.68	20.58	24.50	22.38	27.00
Filing Date Shares Outstanding	42.13	42.55	46.1	47.63	52.94
Total Common Shares Outstanding	42.13	42.55	46.32	48.14	53.01
Working Capital	1,189	1,226	1,700	1,712	2,034
Book Value Per Share	50.52	47.58	52.14	49.55	51.81
Tangible Book Value	2,006	1,902	2,351	2,313	2,655
Tangible Book Value Per Share	47.63	44.70	50.75	48.05	50.09
Land	-	40.8	52.51	52.62	51.25
Buildings	-	419.64	446.03	434.7	433.96
Machinery	-	549.68	539.28	497.83	590.73
Construction In Progress	-	152.68	118.34	103.66	106.68
Order Backlog	-	636.2	691.4	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.