$IPGP
IPG PHOTONICS CORP Stock $ipgp

$ipgp Overview Financials Valuation SEC Filings Company Website

2014 Q1 Form 10-Q Financial Statement

#000111192814000024 Filed on May 06, 2014

Income Statement

Concept	2014 Q1	2013 Q1
Revenue	$170.6M	$141.9M
YoY Change	20.25%	15.15%
Cost Of Revenue	$81.29M	$66.21M
YoY Change	22.78%	21.47%
Gross Profit	$89.28M	$75.64M
YoY Change	18.04%	10.13%
Gross Profit Margin	52.34%	53.32%
Selling, General & Admin	$20.08M	$17.68M
YoY Change	13.59%	17.22%
% of Gross Profit	22.49%	23.37%
Research & Development	$12.78M	$8.798M
YoY Change	45.31%	23.22%
% of Gross Profit	14.32%	11.63%
Depreciation & Amortization	$8.102M	$7.217M
YoY Change	12.26%	16.12%
% of Gross Profit	9.07%	9.54%
Operating Expenses	$31.50M	$26.00M
YoY Change	21.16%	10.58%
Operating Profit	$57.79M	$49.65M
YoY Change	16.4%	9.89%
Interest Expense	-$139.0K	-$53.00K
YoY Change	162.26%	-58.91%
% of Operating Profit	-0.24%	-0.11%
Other Income/Expense, Net	$195.0K	$17.00K
YoY Change	1047.06%	-101.39%
Pretax Income	$57.98M	$49.66M
YoY Change	16.75%	12.99%
Income Tax	$17.45M	$14.54M
% Of Pretax Income	30.1%	29.27%
Net Earnings	$40.53M	$35.13M
YoY Change	15.38%	17.42%
Net Earnings / Revenue	23.76%	24.76%
Basic Earnings Per Share	$0.78	$0.68
Diluted Earnings Per Share	$0.77	$0.67
COMMON SHARES
Basic Shares Outstanding	51.97M shares	51.41M shares
Diluted Shares Outstanding	52.72M shares	52.35M shares

Balance Sheet

Concept	2014 Q1	2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$480.6M	$355.7M
YoY Change	35.11%	-10.06%
Cash & Equivalents	$480.6M	$355.7M
Short-Term Investments
Other Short-Term Assets	$66.40M	$48.80M
YoY Change	36.07%	21.09%
Inventory	$170.6M	$142.1M
Prepaid Expenses
Receivables	$107.6M	$102.8M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$825.1M	$649.4M
YoY Change	27.07%	0.26%
LONG-TERM ASSETS
Property, Plant & Equipment	$249.4M	$219.0M
YoY Change	13.87%	28.9%
Goodwill	$455.0K	$3.258M
YoY Change	-86.03%
Intangibles	$9.018M	$11.41M
YoY Change	-20.98%
Long-Term Investments
YoY Change
Other Assets	$7.032M	$6.878M
YoY Change	2.24%	-40.71%
Total Long-Term Assets	$271.9M	$242.9M
YoY Change	11.94%	29.75%
TOTAL ASSETS
Total Short-Term Assets	$825.1M	$649.4M
Total Long-Term Assets	$271.9M	$242.9M
Total Assets	$1.097B	$892.3M
YoY Change	22.95%	6.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.62M	$14.58M
YoY Change	27.75%	7.96%
Accrued Expenses	$63.87M	$50.14M
YoY Change	27.38%	89.2%
Deferred Revenue
YoY Change
Short-Term Debt	$2.300M	$9.800M
YoY Change	-76.53%	1.03%
Long-Term Debt Due	$1.333M	$1.529M
YoY Change	-12.82%	-4.44%
Total Short-Term Liabilities	$103.3M	$88.11M
YoY Change	17.21%	-14.54%
LONG-TERM LIABILITIES
Long-Term Debt	$11.00M	$12.53M
YoY Change	-12.18%	-17.05%
Other Long-Term Liabilities	$21.42M	$18.40M
YoY Change	16.42%
Total Long-Term Liabilities	$32.42M	$30.92M
YoY Change	4.84%	104.79%
TOTAL LIABILITIES
Total Short-Term Liabilities	$103.3M	$88.11M
Total Long-Term Liabilities	$32.42M	$30.92M
Total Liabilities	$135.7M	$119.0M
YoY Change	14.0%	-32.56%
SHAREHOLDERS EQUITY
Retained Earnings	$431.3M	$270.1M
YoY Change	59.67%
Common Stock	$544.4M	$515.8M
YoY Change	5.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$961.3M	$773.2M
YoY Change
Total Liabilities & Shareholders Equity	$1.097B	$892.3M
YoY Change	22.95%	6.87%

Cashflow Statement

Concept	2014 Q1	2013 Q1
OPERATING ACTIVITIES
Net Income	$40.53M	$35.13M
YoY Change	15.38%	17.42%
Depreciation, Depletion And Amortization	$8.102M	$7.217M
YoY Change	12.26%	16.12%
Cash From Operating Activities	$43.39M	-$11.34M
YoY Change	-482.67%	-141.99%
INVESTING ACTIVITIES
Capital Expenditures	$11.46M	$17.75M
YoY Change	-35.44%	28.79%
Acquisitions	$0.00	$5.555M
YoY Change	-100.0%
Other Investing Activities	-$32.00K	-$375.0K
YoY Change	-91.47%	151.68%
Cash From Investing Activities	-$11.31M	-$22.84M
YoY Change	-50.5%	244.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$333.0K	$1.640M
YoY Change	-79.7%	355.56%
Cash From Financing Activities	$871.0K	$8.026M
YoY Change	-89.15%	-95.33%
NET CHANGE
Cash From Operating Activities	$43.39M	-$11.34M
Cash From Investing Activities	-$11.31M	-$22.84M
Cash From Financing Activities	$871.0K	$8.026M
Net Change In Cash	$32.96M	-$26.15M
YoY Change	-226.03%	-113.61%
FREE CASH FLOW
Cash From Operating Activities	$43.39M	-$11.34M
Capital Expenditures	$11.46M	$17.75M
Free Cash Flow	$31.94M	-$29.09M
YoY Change	-209.8%	-319.91%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	18620000	USD
CY2013Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	18787000	USD
CY2013Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	103803000	USD
CY2014Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	107598000	USD
CY2014Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	14054000	USD
CY2013Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	15218000	USD
CY2013Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	59336000	USD
CY2014Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	63867000	USD
CY2014Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-14328000	USD
CY2013Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1701000	USD
CY2014Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	544351000	USD
CY2013Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	538908000	USD
CY2014Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	543000	USD
CY2013Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	463000	USD
CY2013Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	238000	shares
CY2014Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	70000	shares
CY2014Q1	us-gaap	Assets Assets	1097013000	USD
CY2013Q4	us-gaap	Assets Assets	1061216000	USD
CY2013Q4	us-gaap	Assets Current AssetsCurrent	786343000	USD
CY2014Q1	us-gaap	Assets Current AssetsCurrent	825133000	USD
CY2013Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	241279000	USD
CY2014Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	241252000	USD
CY2014Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited consolidated financial statements have been prepared by IPG Photonics Corporation, or “IPG”, “we”, “our”, “its” or “the Company”. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The consolidated financial statements include the Company’s accounts and those of its subsidiaries. All intercompany balances have been eliminated in consolidation. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of the Company’s management, the unaudited financial information for the interim periods presented reflects all adjustments necessary for a fair presentation of the Company’s financial position, results of operations and cash flows. The results reported in these consolidated financial statements are not necessarily indicative of results that may be expected for the entire year.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has evaluated subsequent events through the time of filing this Quarterly Report on Form 10-Q with the SEC.</font></div></div>
CY2013Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1115000	USD
CY2014Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1541000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	448776000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	480609000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	384053000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	355715000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	31833000	USD
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-28338000	USD
CY2014Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	175000000	shares
CY2014Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	175000000	shares
CY2014Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	52020421	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	51930978	shares
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	51930978	shares
CY2014Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	52020421	shares
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	5000	USD
CY2014Q1	us-gaap	Common Stock Value CommonStockValue	5000	USD
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	25582000	USD
CY2014Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	27904000	USD
CY2013Q1	us-gaap	Cost Of Revenue CostOfRevenue	66211000	USD
CY2014Q1	us-gaap	Cost Of Revenue CostOfRevenue	81291000	USD
CY2013Q4	us-gaap	Customer Advances And Deposits Current CustomerAdvancesAndDepositsCurrent	18489000	USD
CY2014Q1	us-gaap	Customer Advances And Deposits Current CustomerAdvancesAndDepositsCurrent	26961000	USD
CY2014Q1	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	15275000	USD
CY2013Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	14232000	USD
CY2014Q1	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	6014000	USD
CY2013Q4	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	4799000	USD
CY2014Q1	us-gaap	Deferred Tax Liabilities Current DeferredTaxLiabilitiesCurrent	3104000	USD
CY2013Q4	us-gaap	Deferred Tax Liabilities Current DeferredTaxLiabilitiesCurrent	2109000	USD
CY2013Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7217000	USD
CY2014Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	8102000	USD
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.68
CY2014Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.78
CY2014Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-1124000	USD
CY2014Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.77
CY2013Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.67
CY2013Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-2188000	USD
CY2013Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	25727000	USD
CY2014Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	21815000	USD
CY2013Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	1464000	USD
CY2014Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	1565000	USD
CY2014Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	1565000	USD
CY2013Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	1464000	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	10549000	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	11047000	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	1568000	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	1604000	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	1389000	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1454000	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1454000	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1549000	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	20065000	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	20113000	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	9018000	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	9564000	USD
CY2013Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	481000	USD
CY2014Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	1370000	USD
CY2014Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	1355000	USD
CY2013Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	481000	USD
CY2014Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12916000	USD
CY2013Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11810000	USD
CY2014Q1	us-gaap	Goodwill Goodwill	455000	USD
CY2013Q4	us-gaap	Goodwill Goodwill	455000	USD
CY2013Q1	us-gaap	Gross Profit GrossProfit	75641000	USD
CY2014Q1	us-gaap	Gross Profit GrossProfit	89284000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	57984000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	49663000	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14536000	USD
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	17453000	USD
CY2013Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	47813000	USD
CY2014Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	20893000	USD
CY2013Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	15996000	USD
CY2014Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	17977000	USD
CY2013Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1936000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	516000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	4373000	USD
CY2013Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	8250000	USD
CY2013Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-40243000	USD
CY2014Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-175000	USD
CY2014Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	3934000	USD
CY2013Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2658000	USD
CY2014Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	2610000	USD
CY2013Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-4324000	USD
CY2014Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3856000	USD
CY2013Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	6984000	USD
CY2014Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	4731000	USD
CY2013Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2212000	USD
CY2013Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	9564000	USD
CY2014Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	9018000	USD
CY2013Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-53000	USD
CY2014Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-139000	USD
CY2014Q1	us-gaap	Interest Paid InterestPaid	102000	USD
CY2013Q1	us-gaap	Interest Paid InterestPaid	88000	USD
CY2013Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	53234000	USD
CY2014Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	57658000	USD
CY2013Q4	us-gaap	Inventory Net InventoryNet	172700000	USD
CY2014Q1	us-gaap	Inventory Net InventoryNet	170556000	USD
CY2014Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	48513000	USD
CY2013Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	54539000	USD
CY2014Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	64385000	USD
CY2013Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	64927000	USD
CY2013Q1	us-gaap	Inventory Write Down InventoryWriteDown	1529000	USD
CY2014Q1	us-gaap	Inventory Write Down InventoryWriteDown	2380000	USD
CY2014Q1	us-gaap	Liabilities Liabilities	135697000	USD
CY2013Q4	us-gaap	Liabilities Liabilities	133247000	USD
CY2014Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1097013000	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1061216000	USD
CY2013Q4	us-gaap	Liabilities Current LiabilitiesCurrent	100079000	USD
CY2014Q1	us-gaap	Liabilities Current LiabilitiesCurrent	103278000	USD
CY2013Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	798000	USD
CY2014Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	727000	USD
CY2013Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	3296000	USD
CY2014Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	2300000	USD
CY2013Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	1333000	USD
CY2014Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	1333000	USD
CY2014Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	11000000	USD
CY2013Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	11333000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	871000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	8026000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-22837000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11305000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	43391000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-11339000	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	35127000	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	40531000	USD
CY2014Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	195000	USD
CY2013Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	17000	USD
CY2013Q1	us-gaap	Operating Expenses OperatingExpenses	25995000	USD
CY2014Q1	us-gaap	Operating Expenses OperatingExpenses	31495000	USD
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	57789000	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	49646000	USD
CY2013Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	7396000	USD
CY2014Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	7550000	USD
CY2013Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7810000	USD
CY2014Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7032000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-9628000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	83000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	39000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-12666000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-9545000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-12627000	USD
CY2013Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	21835000	USD
CY2014Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	21419000	USD
CY2014Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-422000	USD
CY2013Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	16000	USD
CY2014Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	334000	USD
CY2013Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	70000	USD
CY2014Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-32000	USD
CY2013Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-375000	USD
CY2014Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2013Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	5555000	USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	11456000	USD
CY2013Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	17746000	USD
CY2013Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	30836000	USD
CY2014Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	33118000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	611000	USD
CY2013Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	720000	USD
CY2014Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	10889000	USD
CY2013Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	8897000	USD
CY2013Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	89000	USD
CY2014Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	119000	USD
CY2013Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	14997000	USD
CY2014Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	15653000	USD
CY2013Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	11054000	USD
CY2012Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	10714000	USD
CY2014Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	7541000	USD
CY2013Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	7724000	USD
CY2014Q1	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	-107000	USD
CY2013Q1	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	-260000	USD
CY2013Q4	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	7273000	USD
CY2014Q1	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	8112000	USD
CY2014Q1	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	2695000	USD
CY2013Q1	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	2035000	USD
CY2014Q1	us-gaap	Profit Loss ProfitLoss	40531000	USD
CY2013Q1	us-gaap	Profit Loss ProfitLoss	35127000	USD
CY2014Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	249361000	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	252245000	USD
CY2014Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	11861000	USD
CY2013Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1415000	USD
CY2014Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	333000	USD
CY2013Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1640000	USD
CY2013Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	8798000	USD
CY2014Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	12784000	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	390757000	USD
CY2014Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	431288000	USD
CY2014Q1	us-gaap	Sales Revenue Net SalesRevenueNet	170575000	USD
CY2013Q1	us-gaap	Sales Revenue Net SalesRevenueNet	141852000	USD
CY2013Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	5868000	USD
CY2014Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	7165000	USD
CY2013Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2532000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3267000	USD
CY2014Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	1932000	USD
CY2013Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	1435000	USD
CY2014Q1	us-gaap	Stockholders Equity StockholdersEquity	961316000	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	927969000	USD
CY2013Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	5584000	USD
CY2012Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	5392000	USD
CY2014Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	6501000	USD
CY2013Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	6501000	USD
CY2013Q1	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	63000	USD
CY2014Q1	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	0	USD
CY2013Q1	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	255000	USD
CY2014Q1	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	0	USD
CY2014Q1	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	0	USD
CY2013Q1	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	0	USD
CY2014Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	754000	shares
CY2013Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	943000	shares
CY2013Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	52350000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	52724000	shares
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51407000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51970000	shares
CY2014Q1	ipgp	Basic Net Income Per Share Attributable To Parent BasicNetIncomePerShareAttributableToParent	0.78
CY2013Q1	ipgp	Basic Net Income Per Share Attributable To Parent BasicNetIncomePerShareAttributableToParent	0.68
CY2013Q1	ipgp	Demonstration Units Transferred From Inventory To Other Assets DemonstrationUnitsTransferredFromInventoryToOtherAssets	625000	USD
CY2014Q1	ipgp	Demonstration Units Transferred From Inventory To Other Assets DemonstrationUnitsTransferredFromInventoryToOtherAssets	610000	USD
CY2013Q1	ipgp	Diluted Net Income Per Share Attributable To Parent DilutedNetIncomePerShareAttributableToParent	0.67
CY2014Q1	ipgp	Diluted Net Income Per Share Attributable To Parent DilutedNetIncomePerShareAttributableToParent	0.77
CY2013Q1	ipgp	Inventory Transferredto Property Plantand Equipment InventoryTransferredtoPropertyPlantandEquipment	0	USD
CY2014Q1	ipgp	Inventory Transferredto Property Plantand Equipment InventoryTransferredtoPropertyPlantandEquipment	717000	USD
CY2014Q1	ipgp	Provisions For Inventory Product Warranty And Bad Debt ProvisionsForInventoryProductWarrantyAndBadDebt	5284000	USD
CY2013Q1	ipgp	Provisions For Inventory Product Warranty And Bad Debt ProvisionsForInventoryProductWarrantyAndBadDebt	3705000	USD
CY2014Q1	dei	Amendment Flag AmendmentFlag	false
CY2014Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2014Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2014Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2014Q1	dei	Document Period End Date DocumentPeriodEndDate	2014-03-31
CY2014Q1	dei	Document Type DocumentType	10-Q
CY2014Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001111928
CY2014Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	52050512	shares
CY2014Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2014Q1	dei	Entity Registrant Name EntityRegistrantName	IPG PHOTONICS CORP
CY2013Q4	invest	Derivative Notional Amount DerivativeNotionalAmount	12666000	USD
CY2014Q1	invest	Derivative Notional Amount DerivativeNotionalAmount	12333000	USD

Files In Submission

Name	View Source	Status
0001111928-14-000024-index-headers.html	Edgar Link	pending
0001111928-14-000024-index.html	Edgar Link	pending
0001111928-14-000024.txt	Edgar Link	pending
0001111928-14-000024-xbrl.zip	Edgar Link	pending
a20140331-exx121.htm	Edgar Link	pending
a20140331-exx311.htm	Edgar Link	pending
a20140331-exx312.htm	Edgar Link	pending
a20140331-exx32.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
ipgp-20140331.xml	Edgar Link	completed
ipgp-20140331.xsd	Edgar Link	pending
ipgp-20140331x10q.htm	Edgar Link	pending
ipgp-20140331_cal.xml	Edgar Link	unprocessable
ipgp-20140331_def.xml	Edgar Link	unprocessable
ipgp-20140331_lab.xml	Edgar Link	unprocessable
ipgp-20140331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$IPGP
IPG PHOTONICS CORP Stock $ipgp

2014 Q1 Form 10-Q Financial Statement

#000111192814000024 Filed on May 06, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IPGP IPG PHOTONICS CORP Stock $ipgp

2014 Q1 Form 10-Q Financial Statement

#000111192814000024 Filed on May 06, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IPGP
IPG PHOTONICS CORP Stock $ipgp