Company: IPGP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001111928-25-000168
Chunk: 15

Company: IPG PHOTONICS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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ITEM 1. UNAUDITED INTERIM FINANCIAL STATEMENTS

IPG PHOTONICS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETSSeptember 30,December 31, 20252024(In thousands, except share and per share data)ASSETSCurrent assets:Cash and cash equivalents$346,026 $620,040 Short-term investments524,359 310,152 Accounts receivable, net166,384 171,131 Inventories323,934 284,780 Prepaid income taxes27,847 17,592 Prepaid expenses and other current assets45,963 27,300 Total current assets1,434,513 1,430,995 Long-term investments30,166 — Deferred income taxes, net119,552 115,031 Goodwill71,650 67,241 Intangible assets, net52,226 55,376 Property, plant and equipment, net622,122 588,375 Other assets50,734 32,246 Total assets$2,380,963 $2,289,264 LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$40,225 $35,385 Accrued expenses and other current liabilities171,028 152,048 Income taxes payable2,128 17,586 Total current liabilities213,381 205,019 Other long-term liabilities and deferred income taxes62,770 59,774 Total liabilities276,151 264,793 Commitments and contingencies (Note 11)IPG Photonics Corporation equity:Common stock, $0.0001  par value, 175,000,000 shares authorized; 56,909,427 and 42,119,624 shares issued and outstanding, respectively, at September 30, 2025; 56,632,974 and 42,548,561 shares issued and outstanding, respectively, at December 31, 2024.6 6 Treasury stock, at cost, 14,789,803 and 14,084,413 shares held at September 30, 2025 and December 31, 2024, respectively. (1,551,924)(1,505,321)Additional paid-in capital1,063,762 1,035,285 Retained earnings2,631,694 2,613,868