$IPGP
IPG PHOTONICS CORP

2020 Q4 Form 10-Q Financial Statement

#000111192820000180 Filed on November 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $336.6M $318.4M $329.1M
YoY Change 9.78% -3.25% -7.64%
Cost Of Revenue $189.8M $165.6M $176.3M
YoY Change 4.06% -6.03% 9.38%
Gross Profit $146.9M $152.8M $152.9M
YoY Change 18.26% -0.04% -21.69%
Gross Profit Margin 43.63% 47.98% 46.44%
Selling, General & Admin $44.70M $46.37M $45.75M
YoY Change 1.82% 1.37% 18.13%
% of Gross Profit 30.43% 30.35% 29.93%
Research & Development $31.80M $31.71M $32.16M
YoY Change 4.26% -1.4% 4.05%
% of Gross Profit 21.65% 20.75% 21.04%
Depreciation & Amortization $23.40M $23.80M $25.00M
YoY Change -1.68% -4.8% 23.76%
% of Gross Profit 15.93% 15.58% 16.36%
Operating Expenses $76.40M $111.4M $78.71M
YoY Change 2.69% 41.5% 10.36%
Operating Profit $70.48M $41.41M $74.15M
YoY Change 41.52% -44.15% -40.14%
Interest Expense -$5.000M $1.168M $3.734M
YoY Change 78.57% -68.72% -3.86%
% of Operating Profit -7.09% 2.82% 5.04%
Other Income/Expense, Net $200.0K $1.109M $3.214M
YoY Change 0.0% -65.49% -25.38%
Pretax Income $65.60M $42.52M $77.36M
YoY Change 2086.67% -45.03% -39.64%
Income Tax $15.90M $6.992M $20.23M
% Of Pretax Income 24.24% 16.44% 26.15%
Net Earnings $49.34M $35.60M $57.25M
YoY Change -1208.74% -37.81% -43.04%
Net Earnings / Revenue 14.66% 11.18% 17.39%
Basic Earnings Per Share $0.92 $0.67 $1.08
Diluted Earnings Per Share $0.92 $0.66 $1.07
COMMON SHARES
Basic Shares Outstanding 53.30M shares 53.10M shares 52.93M shares
Diluted Shares Outstanding 53.66M shares 53.62M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.391B $1.302B $1.079B
YoY Change 17.63% 20.65% -3.85%
Cash & Equivalents $876.2M $763.9M $580.3M
Short-Term Investments $514.8M $537.7M $498.5M
Other Short-Term Assets $127.7M $119.3M $116.6M
YoY Change 34.85% 2.32% 4.86%
Inventory $365.0M $370.3M $417.2M
Prepaid Expenses
Receivables $264.3M $240.4M $252.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.148B $2.032B $1.866B
YoY Change 13.26% 8.91% -0.89%
LONG-TERM ASSETS
Property, Plant & Equipment $597.5M $576.4M $596.1M
YoY Change -0.55% -3.31% 12.66%
Goodwill $41.37M $37.73M $110.0M
YoY Change -49.61% -65.68% 93.69%
Intangibles $62.11M $65.00M $85.56M
YoY Change -16.37% -24.03% 86.64%
Long-Term Investments
YoY Change
Other Assets $43.42M $45.54M $50.32M
YoY Change -3.92% -9.51% 79.44%
Total Long-Term Assets $787.6M $763.3M $865.4M
YoY Change -5.54% -11.8% 27.3%
TOTAL ASSETS
Total Short-Term Assets $2.148B $2.032B $1.866B
Total Long-Term Assets $787.6M $763.3M $865.4M
Total Assets $2.936B $2.795B $2.731B
YoY Change 7.52% 2.34% 6.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.75M $37.38M $30.47M
YoY Change -5.79% 22.68% 3.3%
Accrued Expenses $176.7M $156.5M $151.4M
YoY Change 18.0% 3.33% 10.49%
Deferred Revenue $71.25M $57.03M $49.36M
YoY Change 19.68% 15.55% 2.25%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.810M $3.792M $3.722M
YoY Change 1.87% 1.88% 1.86%
Total Short-Term Liabilities $214.6M $201.4M $205.6M
YoY Change 11.82% -2.0% -5.7%
LONG-TERM LIABILITIES
Long-Term Debt $34.16M $35.12M $38.91M
YoY Change -10.04% -9.75% -8.73%
Other Long-Term Liabilities $21.20M
YoY Change
Total Long-Term Liabilities $34.16M $35.12M $38.91M
YoY Change -10.04% -9.75% -8.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $214.6M $201.4M $205.6M
Total Long-Term Liabilities $34.16M $35.12M $38.91M
Total Liabilities $341.6M $323.9M $350.2M
YoY Change 4.15% -7.53% -1.42%
SHAREHOLDERS EQUITY
Retained Earnings $2.188B $2.139B $2.033B
YoY Change 7.86% 5.2% 14.68%
Common Stock $854.3M $828.8M $772.2M
YoY Change 8.74% 7.34% 4.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $303.6M $303.6M $250.9M
YoY Change 14.26% 21.0% 55.99%
Treasury Stock Shares 2.034M shares 2.034M shares 1.627M shares
Shareholders Equity $2.593B $2.470B $2.380B
YoY Change
Total Liabilities & Shareholders Equity $2.936B $2.795B $2.731B
YoY Change 7.52% 2.34% 6.59%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $49.34M $35.60M $57.25M
YoY Change -1208.74% -37.81% -43.04%
Depreciation, Depletion And Amortization $23.40M $23.80M $25.00M
YoY Change -1.68% -4.8% 23.76%
Cash From Operating Activities $85.30M $69.70M $91.80M
YoY Change -34.33% -24.07% 28.03%
INVESTING ACTIVITIES
Capital Expenditures -$25.80M -$24.50M -$21.00M
YoY Change -0.77% 16.67% -43.09%
Acquisitions
YoY Change
Other Investing Activities $22.30M -$36.40M $16.10M
YoY Change -925.93% -326.09% -110.61%
Cash From Investing Activities -$3.500M -$60.90M -$4.900M
YoY Change -87.85% 1142.86% -97.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.50M -2.100M -22.90M
YoY Change -253.47% -90.83% -61.77%
NET CHANGE
Cash From Operating Activities 85.30M 69.70M 91.80M
Cash From Investing Activities -3.500M -60.90M -4.900M
Cash From Financing Activities 15.50M -2.100M -22.90M
Net Change In Cash 97.30M 6.700M 64.00M
YoY Change 6.92% -89.53% -136.2%
FREE CASH FLOW
Cash From Operating Activities $85.30M $69.70M $91.80M
Capital Expenditures -$25.80M -$24.50M -$21.00M
Free Cash Flow $111.1M $94.20M $112.8M
YoY Change -28.74% -16.49% 3.87%

Facts In Submission

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EarningsPerShareBasic
2.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.48
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.43
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53098000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52928000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53136000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53073000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53664000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53622000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53691000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53864000 shares
CY2020Q3 us-gaap Profit Loss
ProfitLoss
35530000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
57127000 USD
us-gaap Profit Loss
ProfitLoss
110662000 USD
us-gaap Profit Loss
ProfitLoss
184564000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-8562000 USD
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-30371000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-46445000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-11413000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
232000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
232000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-551000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
3000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-516000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9345000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-30368000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-47193000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-11415000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
26185000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
26759000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
63469000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
173149000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-93000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-165000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
144000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-138000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26278000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26924000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
63325000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
173287000 USD
us-gaap Profit Loss
ProfitLoss
110662000 USD
us-gaap Profit Loss
ProfitLoss
184564000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
71188000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72531000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
10122000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4214000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
26394000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
25571000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44589000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
671000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
21759000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-7033000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6823000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-854000 USD
ipgp Provisions For Inventory Product Warranty And Bad Debt
ProvisionsForInventoryProductWarrantyAndBadDebt
42559000 USD
ipgp Provisions For Inventory Product Warranty And Bad Debt
ProvisionsForInventoryProductWarrantyAndBadDebt
38748000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2308000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7562000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
34213000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
51032000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2065000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-11087000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8819000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-8137000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-17492000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-26113000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-28345000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-49748000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
200017000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
193582000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
61871000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
107540000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
689000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
348000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
732729000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
557674000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
697816000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
568501000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
15115000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-17000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-243000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-96078000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-111237000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
15000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2798000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2747000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
16767000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1644000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
37884000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25921000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1650000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25565000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27024000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4692000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-16561000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
83066000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
38760000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
682984000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
544358000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
766050000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
583118000 USD
us-gaap Interest Paid Net
InterestPaidNet
1650000 USD
us-gaap Interest Paid Net
InterestPaidNet
1655000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
65895000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
97172000 USD
ipgp Demonstration Units Transferred From Inventory To Other Assets
DemonstrationUnitsTransferredFromInventoryToOtherAssets
6724000 USD
ipgp Demonstration Units Transferred From Inventory To Other Assets
DemonstrationUnitsTransferredFromInventoryToOtherAssets
8892000 USD
ipgp Inventory Transferred To Property Plant And Equipment
InventoryTransferredToPropertyPlantAndEquipment
2362000 USD
ipgp Inventory Transferred To Property Plant And Equipment
InventoryTransferredToPropertyPlantAndEquipment
8250000 USD
ipgp Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
1248000 USD
ipgp Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
2721000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2764000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11944000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2367361000 USD
CY2019Q3 ipgp Stock Issued During Period Value Options And Equity Instruments Other Than Options Exercised
StockIssuedDuringPeriodValueOptionsAndEquityInstrumentsOtherThanOptionsExercised
1676000 USD
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
23637000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8540000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
57127000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-30410000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
3000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2380660000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2437306000 USD
CY2020Q3 ipgp Stock Issued During Period Value Options And Equity Instruments Other Than Options Exercised
StockIssuedDuringPeriodValueOptionsAndEquityInstrumentsOtherThanOptionsExercised
8497000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9654000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8740000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
35530000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8562000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-551000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-232000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2471074000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2206235000 USD
ipgp Stock Issued During Period Value Options And Equity Instruments Other Than Options Exercised
StockIssuedDuringPeriodValueOptionsAndEquityInstrumentsOtherThanOptionsExercised
-2321000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3965000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
25921000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
25571000 USD
us-gaap Profit Loss
ProfitLoss
184564000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-11431000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2380660000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2402443000 USD
ipgp Stock Issued During Period Value Options And Equity Instruments Other Than Options Exercised
StockIssuedDuringPeriodValueOptionsAndEquityInstrumentsOtherThanOptionsExercised
14217000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2550000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
37884000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
26394000 USD
us-gaap Profit Loss
ProfitLoss
110662000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-46445000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-516000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-232000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2471074000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1999000 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2528000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2547000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1799000 USD
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
143000 USD
CY2019Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-27000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-206000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
767000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
72000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
91000 USD
CY2020Q3 ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
80000 USD
CY2019Q3 ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
56000 USD
ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
208000 USD
ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
33000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2061000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2442000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2061000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2442000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
238479000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
31395000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2028734000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
318441000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
329138000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
864094000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1007954000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
318441000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
329138000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
864094000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1007954000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
318441000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
329138000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
864094000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1007954000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
318441000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
329138000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
864094000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1007954000 USD
CY2020Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6771000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
9645000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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CY2019Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
10606000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
10102000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
504000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
57034000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
59531000 USD
ipgp Increase Decrease In Contract With Customer Liability Current
IncreaseDecreaseInContractWithCustomerLiabilityCurrent
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CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
49358000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2020Q3 ipgp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provision Adjustment Provisional Income Tax Expense Benefit
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2641000 USD
CY2019Q3 ipgp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Equity Based Compensation Provisional Income Tax Expense Benefit
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229000 USD
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5326000 USD
ipgp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Equity Based Compensation Provisional Income Tax Expense Benefit
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6590000 USD
ipgp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provision Adjustment Provisional Income Tax Expense Benefit
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3867000 USD
ipgp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provision Adjustment Tax Effect Of Losses In Subsidiaries
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3282000 USD
ipgp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Equity Based Compensation Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingEquityBasedCompensationProvisionalIncomeTaxExpenseBenefit
4271000 USD
ipgp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provision Adjustment Provisional Income Tax Expense Benefit
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5293000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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11416000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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11206000 USD
ipgp Unrecognized Tax Benefits Increase Decrease Resultingfrom Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingfromCurrentPeriodTaxPositions
2000000 USD
ipgp Unrecognized Tax Benefits Increase Decrease Resultingfrom Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingfromCurrentPeriodTaxPositions
3342000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
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us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
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CY2020Q3 us-gaap Unrecognized Tax Benefits
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12478000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits
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CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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35604000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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57253000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
555000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
791000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53664000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53622000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53691000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53864000 shares
CY2020Q3 ipgp Basic Net Income Per Share Attributable To Parent
BasicNetIncomePerShareAttributableToParent
0.67
CY2019Q3 ipgp Basic Net Income Per Share Attributable To Parent
BasicNetIncomePerShareAttributableToParent
1.08
ipgp Basic Net Income Per Share Attributable To Parent
BasicNetIncomePerShareAttributableToParent
2.07
ipgp Basic Net Income Per Share Attributable To Parent
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EarningsPerShareBasic
0.67
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EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.48
CY2020Q3 ipgp Diluted Net Income Per Share Attributable To Parent
DilutedNetIncomePerShareAttributableToParent
0.66
CY2019Q3 ipgp Diluted Net Income Per Share Attributable To Parent
DilutedNetIncomePerShareAttributableToParent
1.07
ipgp Diluted Net Income Per Share Attributable To Parent
DilutedNetIncomePerShareAttributableToParent
2.05
ipgp Diluted Net Income Per Share Attributable To Parent
DilutedNetIncomePerShareAttributableToParent
3.43
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
628200 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
786200 shares
CY2020Q3 ipgp Decrease In Weighted Average Numberof Shares Outstanding Treasury Stock
DecreaseInWeightedAverageNumberofSharesOutstandingTreasuryStock
22842 shares
ipgp Decrease In Weighted Average Numberof Shares Outstanding Treasury Stock
DecreaseInWeightedAverageNumberofSharesOutstandingTreasuryStock
155372 shares

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