IPG Photonics Corporation (IPGP)

IPG Photonics Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	363.05	620.04	514.67	698.21	709.11	876.23
Short-Term Investments	563.83	310.15	662.81	479.37	805.4	514.84
Cash & Short-Term Investments	926.88	930.19	1,177	1,178	1,515	1,391
Cash Growth	-18.70%	-21.00%	-0.01%	-22.25%	8.87%	17.63%
Receivables	177.99	175.87	228.44	219.97	271.47	273.32
Inventory	287.62	284.78	453.87	509.36	460.75	364.99
Prepaid Expenses	33.94	22.56	28.83	38.43	63.98	46.48
Restricted Cash	-	-	-	-	-	2.32
Other Current Assets	16.96	17.59	26.04	40.93	36.99	69.89
Total Current Assets	1,443	1,431	1,915	1,986	2,348	2,148
Property, Plant & Equipment	603.27	602.9	616.2	596.13	656.99	619.25
Long-Term Investments	-	-	-	0.2	-	-
Goodwill	68.62	67.24	38.54	38.33	38.61	41.37
Other Intangible Assets	54.3	55.38	26.23	34.12	52.68	62.11
Long-Term Deferred Tax Assets	109.23	115.03	88.79	75.15	47.76	43.2
Other Long-Term Assets	38.54	17.72	14.48	13.09	26.82	21.7
Total Assets	2,317	2,289	2,699	2,743	3,171	2,936
Accounts Payable	37.92	35.39	28.62	46.23	55.84	25.75
Accrued Expenses	53.87	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	4.32	4.84	4.6	5.23	5.45	5.78
Current Income Taxes Payable	6.28	17.59	4.89	9.62	8.64	8.28
Current Unearned Revenue	61.78	56.45	69.22	80.07	89.66	71.25
Other Current Liabilities	32.86	34.19	40.48	39.21	40.86	36.93
Total Current Liabilities	197.03	205.02	214.86	274.65	313.43	214.58
Long-Term Debt	-	-	-	-	16.27	34.76
Long-Term Leases	12	13.12	13.66	16.79	18.52	18.45
Long-Term Unearned Revenue	-	-	-	-	-	2.19
Long-Term Deferred Tax Liabilities	14.21	14.21	1.51	1.47	1.63	50.29
Other Long-Term Liabilities	33.66	32.44	53.48	65.02	73.46	21.32
Total Liabilities	256.91	264.79	283.51	357.92	423.32	341.59
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,040	1,035	994.02	951.37	908.42	854.3
Retained Earnings	2,618	2,614	2,795	2,577	2,467	2,188
Treasury Stock	-1,505	-1,505	-1,162	-938.01	-438.5	-303.61
Comprehensive Income & Other	-92.24	-119.37	-212.53	-204.52	-189.95	-146.07
Total Common Equity	2,060	2,024	2,415	2,385	2,747	2,593
Minority Interest	-	-	-	-	0.64	1.29
Shareholders' Equity	2,060	2,024	2,415	2,385	2,747	2,594
Total Liabilities & Equity	2,317	2,289	2,699	2,743	3,171	2,936
Total Debt	16.32	17.96	18.26	38.05	58.37	62.8
Net Cash (Debt)	910.56	912.23	1,159	1,140	1,456	1,328
Net Cash Growth	-18.79%	-21.31%	1.73%	-21.74%	9.63%	19.11%
Net Cash Per Share	20.93	20.58	24.50	22.38	27.00	24.70
Filing Date Shares Outstanding	42.53	42.55	46.1	47.63	52.94	53.53
Total Common Shares Outstanding	42.73	42.55	46.32	48.14	53.01	53.43
Working Capital	1,246	1,226	1,700	1,712	2,034	1,933
Book Value Per Share	48.22	47.58	52.14	49.55	51.81	48.53
Tangible Book Value	1,938	1,902	2,351	2,313	2,655	2,489
Tangible Book Value Per Share	45.34	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 May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q