Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 14

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 14
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Operating expenses:Sales and marketing89,582 85,679 76,643 Research and development109,783 98,704 116,114 General and administrative124,313 125,749 131,253 Net loss (gain) from divestitures and sale of assets190,201 — (31,846)Impairment of long-lived assets27,006 1,237 79,949 Restructuring (recoveries) charges, net— (288)9,697 Loss (gain) on foreign exchange5,524 (1,356)4,103 Total operating expenses546,409 309,725 385,913 Operating (loss) income(208,254)231,973 169,500 Other income, net:Interest income, net45,467 41,735 12,620 Other income, net899 1,167 1,231 Total other income46,366 42,902 13,851 (Loss) income before provision for income taxes(161,888)274,875 183,351 Provision for income taxes19,638 55,997 72,589 Net (loss) income(181,526)218,878 110,762 Less: net income attributable to non-controlling interests— — 853 Net (loss) income attributable to IPG Photonics Corporation common stockholders$(181,526)$218,878 $109,909 Net (loss) income attributable to IPG Photonics Corporation per common share:Basic$(4.09)$4.64 $2.17 Diluted$(4.09)$4.63 $2.16 Weighted average shares outstanding:Basic44,336 47,154 50,761 Diluted44,336 47,320 50,925 

See notes to consolidated financial statements.

F-5

IPG PHOTONICS CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME Year Ended December 31, 202420232022 (In thousands)Net (loss) income$(181,526)$218,878 $110,762 Other comprehensive income (loss), net of tax:Foreign currency translation adjustments and other93,163 (7,854)(14,838)Unrealized (loss) gain on derivatives— (152)336