$IPGP
IPG PHOTONICS CORP

2023 Q3 Form 10-Q Financial Statement

#000111192823000134 Filed on August 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $301.4M $340.0M
YoY Change -13.64% -9.83%
Cost Of Revenue $168.5M $192.3M
YoY Change -15.15% -6.06%
Gross Profit $132.9M $147.7M
YoY Change -11.65% -14.3%
Gross Profit Margin 44.09% 43.44%
Selling, General & Admin $53.20M $49.85M
YoY Change 0.01% -4.91%
% of Gross Profit 40.03% 33.75%
Research & Development $24.71M $23.51M
YoY Change -2.86% -23.18%
% of Gross Profit 18.59% 15.92%
Depreciation & Amortization $17.40M $17.45M
YoY Change -23.51% -26.26%
% of Gross Profit 13.09% 11.82%
Operating Expenses $77.20M $73.36M
YoY Change 34.81% -27.13%
Operating Profit $55.71M $74.33M
YoY Change -40.21% 3.71%
Interest Expense $11.57M $7.958M
YoY Change 219.14% 576.13%
% of Operating Profit 20.77% 10.71%
Other Income/Expense, Net $12.11M $285.0K
YoY Change 208.56% -84.12%
Pretax Income $67.82M $81.61M
YoY Change -30.15% 11.08%
Income Tax $12.83M $19.29M
% Of Pretax Income 18.91% 23.64%
Net Earnings $54.99M $62.32M
YoY Change -27.89% 9.4%
Net Earnings / Revenue 18.25% 18.33%
Basic Earnings Per Share $1.16 $1.32
Diluted Earnings Per Share $1.16 $1.31
COMMON SHARES
Basic Shares Outstanding 47.37M shares 47.31M shares
Diluted Shares Outstanding 47.39M shares 47.45M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.134B $1.096B
YoY Change -8.2% -11.2%
Cash & Equivalents $528.3M $573.1M
Short-Term Investments $605.2M $523.3M
Other Short-Term Assets $71.90M $87.77M
YoY Change -46.21% -27.87%
Inventory $479.8M $491.3M
Prepaid Expenses
Receivables $229.6M $248.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.920B $1.924B
YoY Change -9.37% -11.37%
LONG-TERM ASSETS
Property, Plant & Equipment $582.0M $609.3M
YoY Change -12.02% -10.43%
Goodwill $38.27M $38.49M
YoY Change 0.8% -2.01%
Intangibles $28.06M $30.09M
YoY Change -22.44% -35.8%
Long-Term Investments
YoY Change
Other Assets $24.53M $94.43M
YoY Change -36.23% 85.57%
Total Long-Term Assets $752.4M $772.3M
YoY Change -10.79% -12.02%
TOTAL ASSETS
Total Short-Term Assets $1.920B $1.924B
Total Long-Term Assets $752.4M $772.3M
Total Assets $2.673B $2.696B
YoY Change -9.78% -11.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.13M $37.42M
YoY Change -39.85% -34.67%
Accrued Expenses $174.5M $97.11M
YoY Change -12.58% -53.94%
Deferred Revenue $66.96M $75.79M
YoY Change -18.21% -13.05%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $219.7M $228.2M
YoY Change -25.72% -27.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.900M $3.054M
YoY Change 6.97% 11.95%
Total Long-Term Liabilities $2.900M $3.054M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $219.7M $228.2M
Total Long-Term Liabilities $2.900M $3.054M
Total Liabilities $288.9M $297.9M
YoY Change -24.37% -27.07%
SHAREHOLDERS EQUITY
Retained Earnings $2.754B $2.699B
YoY Change 3.17% 4.08%
Common Stock $978.3M $969.9M
YoY Change 4.18% 4.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.384B $2.399B
YoY Change
Total Liabilities & Shareholders Equity $2.673B $2.696B
YoY Change -9.78% -11.56%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $54.99M $62.32M
YoY Change -27.89% 9.4%
Depreciation, Depletion And Amortization $17.40M $17.45M
YoY Change -23.51% -26.26%
Cash From Operating Activities $86.00M $66.67M
YoY Change 13.36% -15.33%
INVESTING ACTIVITIES
Capital Expenditures $26.20M $25.74M
YoY Change -206.29% -174.11%
Acquisitions
YoY Change
Other Investing Activities -$46.30M $31.21M
YoY Change -130.48% -90.01%
Cash From Investing Activities -$72.50M $5.477M
YoY Change -156.98% -98.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -46.20M -12.56M
YoY Change -48.33% -94.56%
NET CHANGE
Cash From Operating Activities 86.00M 66.67M
Cash From Investing Activities -72.50M 5.477M
Cash From Financing Activities -46.20M -12.56M
Net Change In Cash -32.70M 59.59M
YoY Change -128.76% -52.52%
FREE CASH FLOW
Cash From Operating Activities $86.00M $66.67M
Capital Expenditures $26.20M $25.74M
Free Cash Flow $59.80M $40.93M
YoY Change -40.51% -63.93%

Facts In Submission

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ipgp Share Based Payment Arrangement Expense Tax Detriment
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ipgp Diluted Net Income Per Share Attributable To Parent
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ipgp Decrease In Weighted Average Number Of Shares Outstanding Treasury Stock
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Financial_Report.xlsx Edgar Link pending
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