Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 52

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 52
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 operations salaries, bonus, and benefits, including contractor costs258,776 305,324 319,347 Other manufacturing expenses (b)125,163 158,553 198,762 Capitalized labor and overhead(223,136)(320,882)(352,690)Cost of sales638,979 745,741 874,134 Gross profit338,155 541,698 555,413 Sales and marketing, research and development and general and administrative (c)323,678 310,132 324,010 Income before foreign exchange and other segment items14,477 231,566 231,403 Less: Loss (gain) on foreign exchange5,524 (1,356)4,103 Less: Other segment items (d)216,308 (218)57,422 Add: Interest income, net45,467 41,735 12,620 Less: Provision for income taxes19,638 55,997 72,589 Net (loss) income attributable to IPG Photonics Corporation common stockholders$(181,526)$218,878 $109,909 (a) Includes cost materials, shipping costs, scrap, and inventory reserves.(b) Includes depreciation and amortization, service, warranty, and other manufacturing expenses.(c) Sales and marketing, research and development and general and administrative expenses are disclosed by period in the Company's Consolidated Statements of Operations.(d) Other segment items include net loss (gain) on divestiture and sale of assets, impairment of long-lived assets, restructuring charges (recoveries), net, other income, net, and net income attributable to non-controlling interests.

F-31