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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1831,0451,116831689522449
Cash and cash equivalents680544910624583522449
Short-term investments503500206207107  
Receivables277299282190184143104
Inventory, net of allowances, customer advances and progress billings381404308239204171173
Inventory381404308239204171173
Contract with customer, asset1010
Income taxes receivable2116
Other undisclosed current assets46484841463745
Total current assets:1,8971,8051,7541,3011,123894786
Noncurrent Assets
Property, plant and equipment601543460379289275252
Intangible assets, net (including goodwill)15618810749121010
Goodwill821015620100
Intangible assets, net (excluding goodwill)7487512912910
Deferred income tax assets31
Other noncurrent assets4519191920278
Other undisclosed noncurrent assets 192742955
Total noncurrent assets:834769613489330317275
TOTAL ASSETS:2,7302,5742,3671,7901,4531,2111,061
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities188242195155140135119
Accounts payable27363528261719
Accrued liabilities150155144102766459
Employee-related liabilities     3226
Taxes payable11511625382215
Debt44432131
Deferred tax liabilities   332
Other undisclosed current liabilities     (29)(22)
Total current liabilities:192246199158145122100
Noncurrent Liabilities
Long-term debt and lease obligation58424538182011
Long-term debt, excluding current maturities38424538182011
Operating lease, liability20
Liabilities, other than long-term debt58302236302322
Accounts payable and accrued liabilities562822    
Deferred revenue2
Contract with customer, liability1
Other liabilities   36302322
Other undisclosed noncurrent liabilities205178    
Total noncurrent liabilities:13612214674484233
Total liabilities:328368345232193164133
Stockholders' equity
Stockholders' equity attributable to parent2,4022,2062,0221,5581,2601,047928
Common stock0000000
Treasury stock, value(266)(225)(49)(9)   
Additional paid in capital786745705651608568539
Accumulated other comprehensive loss(147)(163)(77)(179)(181)(112)(2)
Retained earnings2,0291,8491,4441,094833591391
Stockholders' equity attributable to noncontrolling interest11 01  
Total stockholders' equity:2,4022,2062,0221,5581,2611,047928
TOTAL LIABILITIES AND EQUITY:2,7302,5742,3671,7901,4531,2111,061

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,3151,4601,4091,006901770648
Revenue, net1,4091,006901770648
Cost of revenue(708)(660)(612)(454)(409)(353)(308)
Gross profit:606800797552492417340
Operating expenses(372)(277)(246)(188)(150)(133)(122)
Operating income:234523551364342284218
Nonoperating income (expense)151112(0)10
Foreign currency transaction gain (loss), before tax     7(3)
Other nonoperating income (expense)0201(0)10
Income from continuing operations before income taxes:248534552367342284218
Income tax expense(68)(130)(204)(106)(100)(84)(63)
Net income:180404348261242200156
Net income (loss) attributable to noncontrolling interest(0)(0)000  
Net income available to common stockholders, diluted:180404348261242200156

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:180404348261242200156
Other comprehensive income (loss)16(86)1013(69)(111)1
Comprehensive income:19631944926417390157
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)00  
Comprehensive income, net of tax, attributable to parent:19631844926417390157

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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