Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 17

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 17
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— $2,024,471 

See notes to consolidated financial statements.

F-7

IPG PHOTONICS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended December 31, 202420232022 (In thousands)Cash flows from operating activities:Net (loss) income$(181,526)$218,878 $110,762 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Depreciation and amortization61,443 69,621 90,564 Deferred income taxes(25,660)(13,789)(27,575)Stock-based compensation37,070 39,502 38,302 Impairment of long-lived assets and restructuring (recoveries), net27,006 (486)79,949 Unrealized loss (gain) on foreign currency transactions1,161 (4,334)(592)Net loss (gain) from divestitures and sales of assets190,201 — (31,846)Provisions for inventory, warranty and bad debt90,377 61,058 153,652 Amortization of premium/discount on investments(17,657)(25,102)(4,557)Other3,962 5,194 6,211 Changes in assets and liabilities that provided (used) cash, net of acquisitions:Accounts receivable46,827 (10,395)34,100 Inventories47,725 1,823 (189,013)Prepaid expenses and other current assets6,527 (2,025)22,545 Accounts payable(1,526)(16,319)(12,174)Accrued expenses and other liabilities(37,355)(44,693)(43,547)Income and other taxes payable(679)17,053 (14,132)Net cash provided by operating activities247,896 295,986 212,649 Cash flows from investing activities:Purchases of and deposits on property, plant and equipment(98,524)(110,483)(110,141)Proceeds from sales of property, plant and equipment28,578 31,241 26,862 Purchases of short-term investments(713,151)(1,232,863)(1,117,022)Proceeds from sale of short-term investments1,083,464 1,073,993 1,446,355