Company: IPGP
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001111928-25-000069
Chunk: 21

Company: IPG PHOTONICS CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 from inventory to other assets$1,532 $1,736 Inventory transferred to machinery and equipment$644 $498 Additions to property, plant and equipment included in accounts payable$2,462 $1,708 Leased assets obtained in exchange for new operating lease liabilities$2,979 $2,418 

See notes to Condensed Consolidated Financial Statements.

4

IPG PHOTONICS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF EQUITYThree Months Ended March 31,Common StockTreasury StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive (Loss) IncomeTotal Stockholders' Equity(In thousands, except share data)SharesAmountSharesAmountBalance, January 1, 202542,548,561 $6 (14,084,413)$(1,505,321)$1,035,285 $2,613,868 $(119,367)$2,024,471 Vesting of RSUs and PSUs, net of shares withheld for taxes180,865 — — — (5,775)— — (5,775)Purchased common stock— — — 105 — — — 105 Stock-based compensation— — — — 10,754 — — 10,754 Net income— — — — — 3,758 — 3,758 Foreign currency translation adjustments and other— — — — — — 27,129 27,129 Balance, March 31, 202542,729,426 $6 (14,084,413)$(1,505,216)$1,040,264 $2,617,626 $(92,238)$2,060,442 Balance, January 1, 202446,320,671 $6 (9,996,767)$(1,161,505)$994,020 $2,795,394 $(212,530)$2,415,385 Vesting of RSUs and PSUs, net of shares withheld for taxes, and exercise of stock options204,000 — — — (1,158)— — (1,158)Purchased common stock(957,925)— (957,925)(89,616)— — — (89,616