Company: IPGP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001111928-25-000168
Chunk: 18

Company: IPG PHOTONICS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 payable7,414 4,272 Accrued expenses and other liabilities(1,024)(36,743)Income and other taxes payable(25,144)(18,705)Net cash provided by operating activities46,535 174,112 Cash flows from investing activities:Purchases of and deposits on property, plant and equipment(60,907)(75,358)Proceeds from sales of property, plant and equipment605 28,538 Purchases of investments(866,402)(423,176)Proceeds from maturities of investments633,731 966,214 Net cash outflow from divestiture— (25,324)Other69 385 Net cash (used in) provided by investing activities(292,904)471,279 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 option and purchase plans(4,316)1,870 Purchase of treasury stock net of excise tax, at cost(46,603)(286,479)Net cash used in financing activities(50,919)(284,609)Effect of changes in exchange rates on cash and cash equivalents23,274 8,415 Net (decrease) increase in cash and cash equivalents(274,014)369,197 Cash and cash equivalents — Beginning of period620,040 514,674 Cash and cash equivalents — End of period$346,026 $883,871 Supplemental disclosure of cash flow information:Cash paid for interest$136 $95 Cash paid for income taxes$44,258 $38,905 Non-cash transactions:Demonstration units transferred from inventory to other assets$5,587 $4,384 Inventory transferred to machinery and equipment$1,595 $1,816 Additions to property, plant and equipment included in accounts payable$1,622 $3,037 Leased assets obtained in exchange for new operating lease liabilities$6,237 $3,077 

See notes to Condensed Consolidated Financial Statements.

4

IPG PHOTONICS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF EQUITYThree Months Ended September 30,Common StockTreasury StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive (Loss) IncomeTotal Stockholders' Equity(In thousands, except share data)SharesAmountSharesAmountBalance, July 1,