IPG Photonics Corporation (IPGP) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5151,3911,1831,0451,116831689
Cash and cash equivalents709876680544910624583
Short-term investments805515503500206207107
Restricted cash and investments 2     
Receivables299334277299282190184
Inventory, net of allowances, customer advances and progress billings461365381404308239204
Inventory461365381404308239204
Contract with customer, asset991010
Other undisclosed current assets64464648484146
Total current assets:2,3482,1481,8971,8051,7541,3011,123
Noncurrent Assets
Property, plant and equipment635598601543460379289
Intangible assets, net (including goodwill)911031561881074912
Goodwill39418210156201
Intangible assets, net (excluding goodwill)53627487512912
Deferred income tax assets484331
Other noncurrent assets49434519191920
Other undisclosed noncurrent assets   1927429
Total noncurrent assets:823788834769613489330
TOTAL ASSETS:3,1712,9362,7302,5742,3671,7901,453
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities295211188242195155140
Accounts payable56262736352826
Accrued liabilities23117715015514410276
Taxes payable981151162538
Debt18444432
Deferred tax liabilities   3
Total current liabilities:313215192246199158145
Noncurrent Liabilities
Long-term debt and lease obligation35535842453818
Long-term debt, excluding current maturities16343842453818
Operating lease, liability191820
Liabilities, other than long-term debt26245830223630
Accounts payable and accrued liabilities2421562822  
Deferred revenue322
Contract with customer, liability1
Other liabilities     3630
Other undisclosed noncurrent liabilities4951205178  
Total noncurrent liabilities:1101271361221467448
Total liabilities:423342328368345232193
Stockholders' equity
Stockholders' equity attributable to parent2,7472,5932,4022,2062,0221,5581,260
Common stock0000000
Treasury stock, value(439)(304)(266)(225)(49)(9) 
Additional paid in capital908854786745705651608
Accumulated other comprehensive loss(190)(146)(147)(163)(77)(179)(181)
Retained earnings2,4672,1882,0291,8491,4441,094833
Stockholders' equity attributable to noncontrolling interest1111 01
Total stockholders' equity:2,7472,5942,4022,2062,0221,5581,261
TOTAL LIABILITIES AND EQUITY:3,1712,9362,7302,5742,3671,7901,453

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,4611,2011,3151,4601,4091,006901
Revenue, net1,4091,006901
Cost of revenue(764)(662)(708)(660)(612)(454)(409)
Gross profit:696539606800797552492
Operating expenses(329)(340)(372)(277)(246)(188)(150)
Operating income:368199234523551364342
Nonoperating income (expense)(1)7151112(0)
Other nonoperating income (expense)010201(0)
Income from continuing operations before income taxes:366206248534552367342
Income tax expense(89)(45)(68)(130)(204)(106)(100)
Net income:278160180404348261242
Net income (loss) attributable to noncontrolling interest1(1)(0)(0)000
Net income available to common stockholders, diluted:278160180404348261242

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:278160180404348261242
Other comprehensive income (loss)(44)116(86)1013(69)
Comprehensive income:234161196319449264173
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(1)(0)(0)(0)00
Comprehensive income, net of tax, attributable to parent:235160196318449264173

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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