IPG Photonics Corporation (IPGP)

IPG Photonics Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	620.04	514.67	698.21	709.11	876.23
Short-Term Investments	310.15	662.81	479.37	805.4	514.84
Cash & Short-Term Investments	930.19	1,177	1,178	1,515	1,391
Cash Growth	-21.00%	-0.01%	-22.25%	8.87%	17.63%
Receivables	175.87	228.44	219.97	271.47	273.32
Inventory	284.78	453.87	509.36	460.75	364.99
Prepaid Expenses	22.56	28.83	38.43	63.98	46.48
Restricted Cash	-	-	-	-	2.32
Other Current Assets	17.59	26.04	40.93	36.99	69.89
Total Current Assets	1,431	1,915	1,986	2,348	2,148
Property, Plant & Equipment	602.9	616.2	596.13	656.99	619.25
Long-Term Investments	-	-	0.2	-	-
Goodwill	67.24	38.54	38.33	38.61	41.37
Other Intangible Assets	55.38	26.23	34.12	52.68	62.11
Long-Term Deferred Tax Assets	115.03	88.79	75.15	47.76	43.2
Other Long-Term Assets	17.72	14.48	13.09	26.82	21.7
Total Assets	2,289	2,699	2,743	3,171	2,936
Accounts Payable	35.39	28.62	46.23	55.84	25.75
Accrued Expenses	56.57	67.05	78.25	94.86	62.79
Current Portion of Long-Term Debt	-	-	16.03	18.13	3.81
Current Portion of Leases	4.84	4.6	5.23	5.45	5.78
Current Income Taxes Payable	17.59	4.89	9.62	8.64	8.28
Current Unearned Revenue	56.45	69.22	80.07	89.66	71.25
Other Current Liabilities	34.19	40.48	39.21	40.86	36.93
Total Current Liabilities	205.02	214.86	274.65	313.43	214.58
Long-Term Debt	-	-	-	16.27	34.76
Long-Term Leases	13.12	13.66	16.79	18.52	18.45
Long-Term Unearned Revenue	-	-	-	-	2.19
Long-Term Deferred Tax Liabilities	14.21	1.51	1.47	1.63	50.29
Other Long-Term Liabilities	32.44	53.48	65.02	73.46	21.32
Total Liabilities	264.79	283.51	357.92	423.32	341.59
Common Stock	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,035	994.02	951.37	908.42	854.3
Retained Earnings	2,614	2,795	2,577	2,467	2,188
Treasury Stock	-1,505	-1,162	-938.01	-438.5	-303.61
Comprehensive Income & Other	-119.37	-212.53	-204.52	-189.95	-146.07
Total Common Equity	2,024	2,415	2,385	2,747	2,593
Minority Interest	-	-	-	0.64	1.29
Shareholders' Equity	2,024	2,415	2,385	2,747	2,594
Total Liabilities & Equity	2,289	2,699	2,743	3,171	2,936
Total Debt	17.96	18.26	38.05	58.37	62.8
Net Cash (Debt)	912.23	1,159	1,140	1,456	1,328
Net Cash Growth	-21.31%	1.73%	-21.74%	9.63%	19.11%
Net Cash Per Share	20.58	24.50	22.38	27.00	24.70
Filing Date Shares Outstanding	42.55	46.1	47.63	52.94	53.53
Total Common Shares Outstanding	42.55	46.32	48.14	53.01	53.43
Working Capital	1,226	1,700	1,712	2,034	1,933
Book Value Per Share	47.58	52.14	49.55	51.81	48.53
Tangible Book Value	1,902	2,351	2,313	2,655	2,489
Tangible Book Value Per Share	44.70	50.75	48.05	50.09	46.59
Land	40.8	52.51	52.62	51.25	51.45
Buildings	419.64	446.03	434.7	433.96	412.73
Machinery	549.68	539.28	497.83	590.73	550.62
Construction In Progress	152.68	118.34	103.66	106.68	70.34
Order Backlog	636.2	691.4	-	-	-

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q