Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 13

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 13
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1,430,995 1,914,654 Deferred income taxes, net115,031 88,788 Goodwill67,241 38,540 Intangible assets, net55,376 26,234 Property, plant and equipment, net588,375 602,257 Other assets32,246 28,425 Total assets$2,289,264 $2,698,898 LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$35,385 $28,618 Accrued expenses and other liabilities152,048 181,350 Income taxes payable17,586 4,893 Total current liabilities205,019 214,861 Other long-term liabilities and deferred income taxes59,774 68,652 Total liabilities264,793 283,513 Commitments and contingencies (Note 14)IPG Photonics Corporation equity:Common stock, $0.0001 par value, 175,000,000 shares authorized; 56,632,974 and 42,548,561 shares issued and outstanding, respectively, at December 31, 2024; 56,317,438 and 46,320,671 shares issued and outstanding, respectively, at December 31, 2023.6 6 Treasury stock, at cost, 14,084,413 and 9,996,767 shares held at December 31, 2024 and December 31, 2023, respectively.(1,505,321)(1,161,505)Additional paid-in capital1,035,285 994,020 Retained earnings2,613,868 2,795,394 Accumulated other comprehensive loss(119,367)(212,530)Total IPG Photonics Corporation stockholders' equity2,024,471 2,415,385 Total liabilities and equity$2,289,264 $2,698,898 

See notes to consolidated financial statements.

F-4

IPG PHOTONICS CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

  Year Ended December 31, 202420232022 (In thousands, except per share data)Net sales$977,134 $1,287,439 $1,429,547 Cost of sales638,979 745,741 874,134 Gross profit338,155 541,698 555,413