IPG Photonics Corporation (IPGP)

IPG Photonics Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	883.87	514.67	698.21	709.11	876.23	680.07
Short-Term Investments	135.44	662.81	479.37	805.4	514.84	502.55
Cash & Short-Term Investments	1,019	1,177	1,178	1,515	1,391	1,183
Cash Growth	-10.07%	-0.01%	-22.25%	8.87%	17.63%	13.19%
Receivables	174.38	228.44	219.97	271.47	273.32	248.12
Inventory	320.72	453.87	509.36	460.75	364.99	380.79
Prepaid Expenses	28.89	28.83	38.43	63.98	46.48	46.23
Restricted Cash	-	-	-	-	2.32	-
Other Current Assets	27.12	26.04	40.93	36.99	69.89	38.87
Total Current Assets	1,570	1,915	1,986	2,348	2,148	1,897
Property, Plant & Equipment	589.56	616.2	596.13	656.99	619.25	623.88
Long-Term Investments	-	-	0.2	-	-	0.61
Goodwill	38.48	38.54	38.33	38.61	41.37	82.09
Other Intangible Assets	22.05	26.23	34.12	52.68	62.11	74.27
Long-Term Deferred Tax Assets	106.25	88.79	75.15	47.76	43.2	31.4
Other Long-Term Assets	28.37	14.48	13.09	26.82	21.7	21.56
Total Assets	2,355	2,699	2,743	3,171	2,936	2,730
Accounts Payable	39.58	28.62	46.23	55.84	25.75	27.33
Accrued Expenses	55.81	67.05	78.25	94.86	62.79	48.88
Current Portion of Long-Term Debt	-	-	16.03	18.13	3.81	3.74
Current Portion of Leases	4.44	4.6	5.23	5.45	5.78	5.3
Current Income Taxes Payable	3.82	4.89	9.62	8.64	8.28	11.05
Current Unearned Revenue	52.27	69.22	80.07	89.66	71.25	59.53
Other Current Liabilities	38.27	40.48	39.21	40.86	36.93	36.07
Total Current Liabilities	194.18	214.86	274.65	313.43	214.58	191.9
Long-Term Debt	-	-	-	16.27	34.76	37.97
Long-Term Leases	12.03	13.66	16.79	18.52	18.45	20.41
Long-Term Unearned Revenue	-	-	-	-	2.19	1.82
Long-Term Deferred Tax Liabilities	0	1.51	1.47	1.63	50.29	50.14
Other Long-Term Liabilities	34.31	53.48	65.02	73.46	21.32	25.75
Total Liabilities	240.52	283.51	357.92	423.32	341.59	327.99
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,025	994.02	951.37	908.42	854.3	785.64
Retained Earnings	2,606	2,795	2,577	2,467	2,188	2,029
Treasury Stock	-1,448	-1,162	-938.01	-438.5	-303.61	-265.73
Comprehensive Income & Other	-68.73	-212.53	-204.52	-189.95	-146.07	-146.92
Total Common Equity	2,115	2,415	2,385	2,747	2,593	2,402
Minority Interest	-	-	-	0.64	1.29	0.72
Shareholders' Equity	2,115	2,415	2,385	2,747	2,594	2,402
Total Liabilities & Equity	2,355	2,699	2,743	3,171	2,936	2,730
Total Debt	16.46	18.26	38.05	58.37	62.8	67.42
Net Cash (Debt)	1,003	1,159	1,140	1,456	1,328	1,115
Net Cash Growth	-10.13%	1.73%	-21.74%	9.63%	19.11%	11.59%
Net Cash Per Share	22.13	24.50	22.38	27.00	24.70	20.71
Filing Date Shares Outstanding	43.25	46.1	47.63	52.94	53.53	53.06
Total Common Shares Outstanding	43.25	46.32	48.14	53.01	53.43	53.01
Working Capital	1,376	1,700	1,712	2,034	1,933	1,705
Book Value Per Share	48.89	52.14	49.55	51.81	48.53	45.31
Tangible Book Value	2,054	2,351	2,313	2,655	2,489	2,245
Tangible Book Value Per Share	47.50	50.75	48.05	50.09	46.59	42.36
Land	-	52.51	52.62	51.25	51.45	45.68
Buildings	-	446.03	434.7	433.96	412.73	400.62
Machinery	-	539.28	497.83	590.73	550.62	519.78
Construction In Progress	-	118.34	103.66	106.68	70.34	44.2
Order Backlog	-	691.4	811	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.