Company: IPGP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001111928-25-000132
Chunk: 18

Company: IPG PHOTONICS CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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ITEM 1. UNAUDITED INTERIM FINANCIAL STATEMENTS

IPG PHOTONICS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETSJune 30,December 31, 20252024(In thousands, except share and per share data)ASSETSCurrent assets:Cash and cash equivalents$359,184 $620,040 Short-term investments540,414 310,152 Accounts receivable, net201,038 171,131 Inventories303,841 284,780 Prepaid income taxes28,813 17,592 Prepaid expenses and other current assets40,866 27,300 Total current assets1,474,156 1,430,995 Deferred income taxes, net114,268 115,031 Goodwill71,763 67,241 Intangible assets, net54,653 55,376 Property, plant and equipment, net621,352 588,375 Other assets43,256 32,246 Total assets$2,379,448 $2,289,264 LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$41,522 $35,385 Accrued expenses and other current liabilities170,790 152,048 Income taxes payable4,640 17,586 Total current liabilities216,952 205,019 Other long-term liabilities and deferred income taxes57,944 59,774 Total liabilities274,896 264,793 Commitments and contingencies (Note 11)IPG Photonics Corporation equity:Common stock, $0.0001 par value, 175,000,000 shares authorized; 56,905,313 and 42,329,918 shares issued and outstanding, respectively, at June 30, 2025; 56,632,974 and 42,548,561 shares issued and outstanding, respectively, at December 31, 2024.6 6 Treasury stock, at cost, 14,575,395 and 14,084,413 shares held at June 30, 2025 and December 31, 2024, respectively. (1,535,525)(1,505,321)Additional paid-in capital1,053,080 1,035,285 Retained earnings2,624,231 2,613,868 Accumulated other comprehensive loss(37,240)(119,