IPG Photonics Cash Flow Statement

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
Net Income	31.1	-181.53	218.88	110.76	277.87
Depreciation & Amortization	66.85	61.44	69.62	90.56	96.33
Stock-Based Compensation	42.95	37.07	39.5	38.3	37.86
Other Adjustments	19.76	269.39	22.54	175.24	61.61
Change in Receivables	-4.76	46.83	-10.4	34.1	-2.09
Changes in Inventories	-52.92	47.73	1.82	-189.01	-149.75
Changes in Accounts Payable	4.33	-1.53	-16.32	-12.17	31
Changes in Accrued Expenses	10.27	-37.36	-44.69	-43.55	24.72
Changes in Income Taxes Payable	-31.19	-0.68	17.05	-14.13	35.86
Changes in Other Operating Activities	-11.05	6.53	-2.03	22.55	-23.7
Operating Cash Flow	75.34	247.9	295.99	212.65	389.7
Operating Cash Flow Growth	-69.61%	-16.25%	39.19%	-45.43%	36.58%
Capital Expenditures	-78.8	-98.52	-110.48	-110.14	-123.11
Sale of Property, Plant & Equipment	0.92	28.58	31.24	26.86	1.41
Purchases of Investments	-943.32	-713.15	-1,233	-1,117	-1,941
Proceeds from Sale of Investments	755.42	1,083	1,074	1,446	1,648
Payments for Business Acquisitions	0.51	-66.74	-	-2	-
Proceeds from Business Divestments	-	-25.32	-	52.94	-
Other Investing Activities	0.04	0.43	0.56	-0.04	-1.52
Investing Cash Flow	-265.23	208.73	-237.55	296.95	-416.28
Long-Term Debt Repaid	-	-	-16.03	-18.13	-3.81
Net Long-Term Debt Issued (Repaid)	-	-	-16.03	-18.13	-3.81
Issuance of Common Stock	-1.06	4.2	3.15	5.58	16.26
Repurchase of Common Stock	-53.13	-343.82	-223.5	-499.51	-134.89
Net Common Stock Issued (Repurchased)	-54.19	-339.62	-220.35	-493.92	-118.63
Other Financing Activities	-	-	-	-2.5	-2.63
Financing Cash Flow	-54.19	-339.62	-236.38	-514.55	-125.07
Effect of Exchange Rate Changes on Cash and Cash Equivalents	27.83	-11.64	-5.59	-5.95	-17.8
Net Cash Flow	-216.25	105.37	-183.54	-10.9	-169.45
Free Cash Flow	-3.45	149.37	185.5	102.51	266.59
Free Cash Flow Growth	-	-19.48%	80.96%	-61.55%	34.89%
FCF Margin	-0.34%	15.29%	14.41%	7.17%	18.25%
Free Cash Flow Per Share	-0.08	3.37	3.92	2.01	4.94
Levered Free Cash Flow	-61.4	-203.92	117.82	-164.12	165.95
Unlevered Free Cash Flow	-83.46	-255.91	99.69	-153.5	170.27

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.