Company: IPGP
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001111928-25-000069
Chunk: 20

Company: IPG PHOTONICS CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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Net income$3,758 $24,099 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Depreciation and amortization15,341 16,214 Deferred income taxes6,476 4,044 Stock-based compensation10,754 9,738 Unrealized loss (gain) on foreign currency transactions42 (708)Provisions for inventory, warranty and bad debt11,876 14,761 Amortization of premium/discount on investments(3,878)(7,218)Other1,402 (5,713)Changes in assets and liabilities that (used) provided cash, net of acquisitions:Accounts receivable(4,113)32,305 Inventories(8,967)1,498 Prepaid expenses and other assets(6,087)(7,343)Accounts payable5,491 274 Accrued expenses and other liabilities(6,965)(26,230)Income and other taxes payable(11,685)(1,125)Net cash provided by operating activities13,445 54,596 Cash flows from investing activities:Purchases of and deposits on property, plant and equipment(24,818)(28,052)Proceeds from sales of property, plant and equipment183 25,262 Purchases of short-term investments(333,009)(226,521)Proceeds from short-term investments83,206 252,890 Other52 157 Net cash (used in) provided by investing activities(274,386)23,736 Cash flows from financing activities:Payments for taxes related to net share settlement of equity awards less proceeds from issuance of common stock under employee stock options(5,775)(1,158)Purchase of treasury stock net of excise tax, at cost105 (89,616)Net cash used in financing activities(5,670)(90,774)Effect of changes in exchange rates on cash and cash equivalents9,617 (5,780)Net decrease in cash and cash equivalents(256,994)(18,222)Cash and cash equivalents — Beginning of period620,040 514,674 Cash and cash equivalents — End of period$363,046 $496,452 Supplemental disclosure of cash flow information:Cash paid for interest$5 $4 Cash paid for income taxes$10,574 $8,005 Non-cash transactions:Demonstration units transferred