2024 Q2 Form 10-Q Financial Statement

#000111192824000068 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $257.6M $252.0M
YoY Change -24.22% -27.41%
Cost Of Revenue $161.5M $154.5M
YoY Change -16.03% -22.85%
Gross Profit $96.19M $97.54M
YoY Change -34.87% -33.62%
Gross Profit Margin 37.33% 38.7%
Selling, General & Admin $54.09M $54.16M
YoY Change 8.51% 5.74%
% of Gross Profit 56.23% 55.52%
Research & Development $27.49M $29.38M
YoY Change 16.91% 29.03%
% of Gross Profit 28.58% 30.12%
Depreciation & Amortization $15.29M $16.21M
YoY Change -12.39% -9.36%
% of Gross Profit 15.9% 16.62%
Operating Expenses $84.15M $83.54M
YoY Change 14.7% 16.82%
Operating Profit $12.04M $14.00M
YoY Change -83.8% -81.44%
Interest Expense $12.78M $12.50M
YoY Change 60.57% 65.96%
% of Operating Profit 106.13% 89.31%
Other Income/Expense, Net $12.97M $325.0K
YoY Change 4451.58% -95.87%
Pretax Income $25.01M $33.60M
YoY Change -69.35% -59.66%
Income Tax $4.858M $9.503M
% Of Pretax Income 19.42% 28.28%
Net Earnings $20.15M $24.10M
YoY Change -67.66% -59.93%
Net Earnings / Revenue 7.82% 9.56%
Basic Earnings Per Share $0.45 $0.52
Diluted Earnings Per Share $0.45 $0.52
COMMON SHARES
Basic Shares Outstanding 45.57M shares 46.10M shares
Diluted Shares Outstanding 45.01M shares 46.17M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.064B $1.140B
YoY Change -2.97% 6.59%
Cash & Equivalents $720.5M $496.5M
Short-Term Investments $343.4M $643.7M
Other Short-Term Assets $77.06M $62.61M
YoY Change -12.21% -30.01%
Inventory $400.8M $431.9M
Prepaid Expenses
Receivables $176.2M $195.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.718B $1.830B
YoY Change -10.71% -4.49%
LONG-TERM ASSETS
Property, Plant & Equipment $593.1M $585.8M
YoY Change -2.66% -1.43%
Goodwill $38.28M $38.35M
YoY Change -0.56% -0.1%
Intangibles $23.42M $24.80M
YoY Change -22.15% -22.74%
Long-Term Investments
YoY Change
Other Assets $33.78M $119.9M
YoY Change -64.23% 278.1%
Total Long-Term Assets $777.5M $768.8M
YoY Change 0.66% 1.75%
TOTAL ASSETS
Total Short-Term Assets $1.718B $1.830B
Total Long-Term Assets $777.5M $768.8M
Total Assets $2.495B $2.598B
YoY Change -7.45% -2.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.23M $26.68M
YoY Change -29.89% -34.78%
Accrued Expenses $161.2M $85.81M
YoY Change 66.03% -54.78%
Deferred Revenue $57.45M $60.17M
YoY Change -24.19% -27.42%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $190.5M $192.1M
YoY Change -16.52% -23.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $47.40M $50.03M
YoY Change 1452.19% 1556.49%
Total Long-Term Liabilities $47.40M $50.03M
YoY Change 1452.19% 1556.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $190.5M $192.1M
Total Long-Term Liabilities $47.40M $50.03M
Total Liabilities $242.1M $257.7M
YoY Change -18.74% -22.52%
SHAREHOLDERS EQUITY
Retained Earnings $2.840B $2.819B
YoY Change 5.21% 6.93%
Common Stock $1.014B $1.003B
YoY Change 4.56% 4.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.253B $2.341B
YoY Change
Total Liabilities & Shareholders Equity $2.495B $2.598B
YoY Change -7.45% -2.72%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $20.15M $24.10M
YoY Change -67.66% -59.93%
Depreciation, Depletion And Amortization $15.29M $16.21M
YoY Change -12.39% -9.36%
Cash From Operating Activities $53.46M $54.60M
YoY Change -19.81% 46.45%
INVESTING ACTIVITIES
Capital Expenditures $24.22M $28.05M
YoY Change -5.89% -16.02%
Acquisitions
YoY Change
Other Investing Activities $309.1M $51.79M
YoY Change 890.41% -48500.0%
Cash From Investing Activities $284.9M $23.74M
YoY Change 5101.9% -124.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -119.5M -90.77M
YoY Change 851.29% -22.57%
NET CHANGE
Cash From Operating Activities 53.46M 54.60M
Cash From Investing Activities 284.9M 23.74M
Cash From Financing Activities -119.5M -90.77M
Net Change In Cash 218.9M -12.44M
YoY Change 267.39% -92.97%
FREE CASH FLOW
Cash From Operating Activities $53.46M $54.60M
Capital Expenditures $24.22M $28.05M
Free Cash Flow $29.24M $26.54M
YoY Change -28.56% 584.83%

Facts In Submission

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ipgp-20240331_htm.xml Edgar Link completed