$IPGP
IPG PHOTONICS CORP

2021 Q4 Form 10-Q Financial Statement

#000111192821000169 Filed on November 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $364.5M $379.2M $318.4M
YoY Change 8.27% 19.06% -3.25%
Cost Of Revenue $198.5M $193.3M $165.6M
YoY Change 4.56% 16.68% -6.03%
Gross Profit $166.0M $185.9M $152.8M
YoY Change 13.02% 21.65% -0.04%
Gross Profit Margin 45.55% 49.02% 47.98%
Selling, General & Admin $51.58M $53.25M $46.37M
YoY Change 15.4% 14.83% 1.37%
% of Gross Profit 31.07% 28.65% 30.35%
Research & Development $36.77M $34.28M $31.71M
YoY Change 15.62% 8.1% -1.4%
% of Gross Profit 22.15% 18.44% 20.75%
Depreciation & Amortization $24.20M $24.15M $23.80M
YoY Change 3.43% 1.47% -4.8%
% of Gross Profit 14.58% 12.99% 15.58%
Operating Expenses $88.35M $83.89M $111.4M
YoY Change 15.64% -24.68% 41.5%
Operating Profit $77.66M $102.0M $41.41M
YoY Change 10.18% 146.27% -44.15%
Interest Expense $6.498M -$288.0K $1.168M
YoY Change -229.96% -124.66% -68.72%
% of Operating Profit 8.37% -0.28% 2.82%
Other Income/Expense, Net $367.0K -$499.0K $1.109M
YoY Change 83.5% -145.0% -65.49%
Pretax Income $84.52M $101.5M $42.52M
YoY Change 28.84% 138.67% -45.03%
Income Tax $19.25M $26.79M $6.992M
% Of Pretax Income 22.78% 26.4% 16.44%
Net Earnings $65.09M $75.40M $35.60M
YoY Change 31.92% 111.78% -37.81%
Net Earnings / Revenue 17.86% 19.89% 11.18%
Basic Earnings Per Share $1.41 $0.67
Diluted Earnings Per Share $1.215M $1.40 $0.66
COMMON SHARES
Basic Shares Outstanding 53.31M shares 53.39M shares 53.10M shares
Diluted Shares Outstanding 53.83M shares 53.66M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.515B $1.519B $1.302B
YoY Change 8.87% 16.7% 20.65%
Cash & Equivalents $709.1M $794.9M $763.9M
Short-Term Investments $805.4M $724.1M $537.7M
Other Short-Term Assets $101.0M $90.89M $119.3M
YoY Change -20.94% -23.81% 2.32%
Inventory $460.7M $435.1M $370.3M
Prepaid Expenses
Receivables $262.1M $272.7M $240.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.348B $2.325B $2.032B
YoY Change 9.29% 14.45% 8.91%
LONG-TERM ASSETS
Property, Plant & Equipment $635.3M $624.6M $576.4M
YoY Change 6.32% 8.36% -3.31%
Goodwill $38.61M $38.71M $37.73M
YoY Change -6.66% 2.58% -65.68%
Intangibles $52.68M $55.79M $65.00M
YoY Change -15.19% -14.17% -24.03%
Long-Term Investments
YoY Change
Other Assets $48.51M $50.66M $45.54M
YoY Change 11.72% 11.26% -9.51%
Total Long-Term Assets $822.9M $818.7M $763.3M
YoY Change 4.47% 7.27% -11.8%
TOTAL ASSETS
Total Short-Term Assets $2.348B $2.325B $2.032B
Total Long-Term Assets $822.9M $818.7M $763.3M
Total Assets $3.171B $3.144B $2.795B
YoY Change 8.0% 12.49% 2.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.84M $52.43M $37.38M
YoY Change 116.87% 40.28% 22.68%
Accrued Expenses $230.8M $208.9M $156.5M
YoY Change 30.6% 33.52% 3.33%
Deferred Revenue $89.66M $80.69M $57.03M
YoY Change 25.84% 41.48% 15.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $18.13M $18.79M $3.792M
YoY Change 375.75% 395.46% 1.88%
Total Short-Term Liabilities $313.4M $292.8M $201.4M
YoY Change 46.07% 45.37% -2.0%
LONG-TERM LIABILITIES
Long-Term Debt $16.03M $16.33M $35.12M
YoY Change -53.07% -53.5% -9.75%
Other Long-Term Liabilities $21.21M $2.737M
YoY Change
Total Long-Term Liabilities $16.03M $16.33M $35.12M
YoY Change -53.07% -53.5% -9.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $313.4M $292.8M $201.4M
Total Long-Term Liabilities $16.03M $16.33M $35.12M
Total Liabilities $423.3M $404.1M $323.9M
YoY Change 23.93% 24.77% -7.53%
SHAREHOLDERS EQUITY
Retained Earnings $2.467B $2.402B $2.139B
YoY Change 12.72% 12.28% 5.2%
Common Stock $908.4M $894.3M $828.8M
YoY Change 6.34% 7.9% 7.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $438.5M $381.7M $303.6M
YoY Change 44.43% 25.71% 21.0%
Treasury Stock Shares 2.778M shares 2.433M shares 2.034M shares
Shareholders Equity $2.747B $2.739B $2.470B
YoY Change
Total Liabilities & Shareholders Equity $3.171B $3.144B $2.795B
YoY Change 8.0% 12.49% 2.34%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $65.09M $75.40M $35.60M
YoY Change 31.92% 111.78% -37.81%
Depreciation, Depletion And Amortization $24.20M $24.15M $23.80M
YoY Change 3.43% 1.47% -4.8%
Cash From Operating Activities $84.54M $102.0M $69.70M
YoY Change -0.89% 46.29% -24.07%
INVESTING ACTIVITIES
Capital Expenditures -$29.25M -$39.51M -$24.50M
YoY Change 13.38% 61.28% 16.67%
Acquisitions
YoY Change
Other Investing Activities -$82.21M $18.33M -$36.40M
YoY Change -468.64% -150.36% -326.09%
Cash From Investing Activities -$111.5M -$21.18M -$60.90M
YoY Change 3084.51% -65.22% 1142.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -52.95M -36.44M -2.100M
YoY Change -441.59% 1635.0% -90.83%
NET CHANGE
Cash From Operating Activities 84.54M 102.0M 69.70M
Cash From Investing Activities -111.5M -21.18M -60.90M
Cash From Financing Activities -52.95M -36.44M -2.100M
Net Change In Cash -79.86M 44.35M 6.700M
YoY Change -182.08% 561.94% -89.53%
FREE CASH FLOW
Cash From Operating Activities $84.54M $102.0M $69.70M
Capital Expenditures -$29.25M -$39.51M -$24.50M
Free Cash Flow $113.8M $141.5M $94.20M
YoY Change 2.43% 50.19% -16.49%

Facts In Submission

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CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.99
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.07
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.95
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.05
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53387000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53098000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53501000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53136000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53834000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53664000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54053000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53691000 shares
CY2021Q3 us-gaap Profit Loss
ProfitLoss
74699000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
35530000 USD
us-gaap Profit Loss
ProfitLoss
212598000 USD
us-gaap Profit Loss
ProfitLoss
110662000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-15558000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8562000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-28921000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-46445000 USD
CY2021Q3 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 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
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
232000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
46000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-551000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
165000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-516000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15512000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9345000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-28756000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-47193000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
59187000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
26185000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
183842000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
63469000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-869000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-93000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-799000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
144000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
60056000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26278000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
184641000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
63325000 USD
us-gaap Profit Loss
ProfitLoss
212598000 USD
us-gaap Profit Loss
ProfitLoss
110662000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72127000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
71188000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4757000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
10122000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
28536000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
26394000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44589000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
671000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
4313000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
21759000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5828000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6823000 USD
ipgp Provisions For Inventory Product Warranty And Bad Debt
ProvisionsForInventoryProductWarrantyAndBadDebt
50364000 USD
ipgp Provisions For Inventory Product Warranty And Bad Debt
ProvisionsForInventoryProductWarrantyAndBadDebt
42559000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12281000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2308000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
105384000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
34213000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8823000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2065000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
26296000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8819000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7963000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-17492000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
37002000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-28345000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
305156000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
200017000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
93857000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
61871000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
859000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
689000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1437193000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
732729000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1226445000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
697816000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1078000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-17000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-304824000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-96078000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2851000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2798000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
11427000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
16767000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
78071000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
37884000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2624000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1650000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-72119000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25565000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-11862000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4692000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-83649000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
83066000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
878553000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
682984000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
794904000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
766050000 USD
us-gaap Interest Paid Net
InterestPaidNet
1932000 USD
us-gaap Interest Paid Net
InterestPaidNet
1650000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
35982000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
65895000 USD
ipgp Demonstration Units Transferred From Inventory To Other Assets
DemonstrationUnitsTransferredFromInventoryToOtherAssets
4245000 USD
ipgp Demonstration Units Transferred From Inventory To Other Assets
DemonstrationUnitsTransferredFromInventoryToOtherAssets
6724000 USD
ipgp Inventory Transferred To Property Plant And Equipment
InventoryTransferredToPropertyPlantAndEquipment
1965000 USD
ipgp Inventory Transferred To Property Plant And Equipment
InventoryTransferredToPropertyPlantAndEquipment
2362000 USD
ipgp Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
1461000 USD
ipgp Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
1248000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2500000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2764000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2706280000 USD
CY2021Q3 ipgp Stock Issued During Period Value Options And Equity Instruments Other Than Options Exercised
StockIssuedDuringPeriodValueOptionsAndEquityInstrumentsOtherThanOptionsExercised
860000 USD
CY2021Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
36340000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9858000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
74699000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-15558000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
46000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2739845000 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 Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
232000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2471074000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2594111000 USD
ipgp Stock Issued During Period Value Options And Equity Instruments Other Than Options Exercised
StockIssuedDuringPeriodValueOptionsAndEquityInstrumentsOtherThanOptionsExercised
8727000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2700000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
78071000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
28536000 USD
us-gaap Profit Loss
ProfitLoss
212598000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
165000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2739845000 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
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
232000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2471074000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2251000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1999000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2156000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2547000 USD
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-295000 USD
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
143000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-154000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-206000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
59000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
72000 USD
CY2021Q3 ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
15000 USD
CY2020Q3 ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
80000 USD
ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
2000 USD
ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
208000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1941000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2061000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1941000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2061000 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
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
379150000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
318441000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1096393000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
864094000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
379150000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
318441000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1096393000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
864094000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
379150000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
318441000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1096393000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
864094000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
379150000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
318441000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1096393000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
864094000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
7510000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
8999000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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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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CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
80694000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
71246000 USD
ipgp Increase Decrease In Contract With Customer Liability Current
IncreaseDecreaseInContractWithCustomerLiabilityCurrent
9448000 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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CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2737000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2189000 USD
ipgp Increase Decrease In Contract With Customer Liability Non Current
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CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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ipgp Unrecognized Tax Benefits Increase Decrease Resultingfrom Current Period Tax Positions
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ipgp Unrecognized Tax Benefits Increase Decrease Resultingfrom Current Period Tax Positions
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CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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ipgp Basic Net Income Per Share Attributable To Parent
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ipgp Basic Net Income Per Share Attributable To Parent
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CY2021Q3 ipgp Diluted Net Income Per Share Attributable To Parent
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CY2020Q3 ipgp Diluted Net Income Per Share Attributable To Parent
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CY2021Q3 ipgp Decrease In Weighted Average Number Of Shares Outstanding Treasury Stock
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