Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 32

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 32
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The following table presents fair value information related to the Company's assets and liabilities measured at amortized cost on the Consolidated Balance Sheets: Fair Value Measurements at December 31, 2024 TotalLevel 1Level 2Level 3AssetsCash equivalents:Money market fund deposits$77,855 $77,855 $— $— Commercial paper163,589 — 163,589 — U.S. Treasury and agency obligations47,770 — 47,770 — Term deposits45,079 — 45,079 — Corporate bonds15,777 — 15,777 — Total cash equivalents350,070 77,855 272,215 — Short-term investments:Commercial paper219,355 — 219,355 — Corporate bonds60,306 — 60,306 — U.S. Treasury and agency obligations27,348 — 27,348 — Term deposits3,048 — 3,048 — Total short-term investments310,057 — 310,057 — Total$660,127 $77,855 $582,272 $—   Fair Value Measurements at December 31, 2023 TotalLevel 1Level 2Level 3AssetsCash equivalents:Money market fund deposits$171,632 $171,632 $— $— Term deposits83,965 — 83,965 — Corporate bonds23,516 — 23,516 — Commercial paper6,369 — 6,369 — Total cash equivalents285,482 171,632 113,850 — Short-term investments:Commercial paper244,571 — 244,571 — Corporate bonds243,915 — 243,915 — U.S. Treasury and agency obligations171,316 — 171,316 — Term deposits3,009 — 3,009 — Total short-term investments662,811 — 662,811 — Total$948,293 $171,632 $776,661 $—  There were no impairments for the investments considered held-to-maturity at December 31, 2024 and December 31, 2023. There were no current expected credit loss allowances for the investments considered held-to-maturity at December 31