IPG Photonics Corporation (IPGP) financial statements (2021 and earlier)

Company profile

Business Address 50 OLD WEBSTER ROAD
OXFORD, MA 01540
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3911,1831,0451,116831689522
Cash and cash equivalents876680544910624583522
Short-term investments515503500206207107 
Restricted cash and investments2      
Receivables334277299282190184143
Inventory, net of allowances, customer advances and progress billings365381404308239204171
Inventory365381404308239204171
Contract with customer, asset91010
Income taxes receivable21
Other undisclosed current assets46464848414637
Total current assets:2,1481,8971,8051,7541,3011,123894
Noncurrent Assets
Property, plant and equipment598601543460379289275
Intangible assets, net (including goodwill)103156188107491210
Goodwill4182101562010
Intangible assets, net (excluding goodwill)6274875129129
Deferred income tax assets4331
Other noncurrent assets43451919192027
Other undisclosed noncurrent assets  19274295
Total noncurrent assets:788834769613489330317
TOTAL ASSETS:2,9362,7302,5742,3671,7901,4531,211
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities211188242195155140135
Accounts payable26273635282617
Accrued liabilities1771501551441027664
Employee-related liabilities      32
Taxes payable8115116253822
Debt44443213
Deferred tax liabilities   33
Other undisclosed current liabilities      (29)
Total current liabilities:215192246199158145122
Noncurrent Liabilities
Long-term debt and lease obligation53584245381820
Long-term debt, excluding current maturities34384245381820
Operating lease, liability1820
Liabilities, other than long-term debt24583022363023
Accounts payable and accrued liabilities21562822   
Deferred revenue22
Contract with customer, liability1
Other liabilities    363023
Other undisclosed noncurrent liabilities51205178   
Total noncurrent liabilities:127136122146744842
Total liabilities:342328368345232193164
Stockholders' equity
Stockholders' equity attributable to parent2,5932,4022,2062,0221,5581,2601,047
Common stock0000000
Treasury stock, value(304)(266)(225)(49)(9)  
Additional paid in capital854786745705651608568
Accumulated other comprehensive loss(146)(147)(163)(77)(179)(181)(112)
Retained earnings2,1882,0291,8491,4441,094833591
Stockholders' equity attributable to noncontrolling interest111 01 
Total stockholders' equity:2,5942,4022,2062,0221,5581,2611,047
TOTAL LIABILITIES AND EQUITY:2,9362,7302,5742,3671,7901,4531,211

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,2011,3151,4601,4091,006901770
Revenue, net1,4091,006901770
Cost of revenue(662)(708)(660)(612)(454)(409)(353)
Gross profit:539606800797552492417
Operating expenses(340)(372)(277)(246)(188)(150)(133)
Operating income:199234523551364342284
Nonoperating income (expense)7151112(0)1
Foreign currency transaction gain, before tax      7
Other nonoperating income (expense)10201(0)1
Income from continuing operations before income taxes:206248534552367342284
Income tax expense(45)(68)(130)(204)(106)(100)(84)
Net income:160180404348261242200
Net income (loss) attributable to noncontrolling interest(1)(0)(0)000 
Net income available to common stockholders, diluted:160180404348261242200

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:160180404348261242200
Other comprehensive income (loss)116(86)1013(69)(111)
Comprehensive income:16119631944926417390
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)(0)(0)00 
Comprehensive income, net of tax, attributable to parent:16019631844926417390

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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