Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 18

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 16
Chunk 18
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 Acquisitions of businesses, net of cash acquired(66,738)— (2,000)Net cash (outflow) inflow from divestiture(25,324)— 52,941 Other427 558 (43)Net cash provided (used in) by investing activities208,732 (237,554)296,952 Cash flows from financing activities:Principal payments on long-term borrowings— (16,031)(18,126)Proceeds from issuance of common stock under employee stock option and purchase plans less payments for taxes related to net share settlement of equity awards4,195 3,147 5,583 Purchase of treasury stock, at cost(343,816)(223,496)(499,506)Purchase of non-controlling interests— — (2,500)Net cash used in financing activities(339,621)(236,380)(514,549)Effect of changes in exchange rates on cash and cash equivalents(11,641)(5,587)(5,948)Net increase (decrease) in cash and cash equivalents105,366 (183,535)(10,896)Cash and cash equivalents — Beginning of year514,674 698,209 709,105 Cash and cash equivalents — End of year$620,040 $514,674 $698,209 Supplemental disclosure of cash flow information:Cash paid for interest$277 $1,284 $3,214 Cash paid for income taxes$40,632 $62,916 $113,200 Non-cash transactions:Demonstration units transferred from inventory to other assets$6,720 $5,404 $5,178 Inventory transferred to machinery and equipment$3,158 $2,767 $4,172 Additions to property, plant and equipment included in accounts payable$5,971 $3,251 $1,073 Leased assets obtained in exchange for new operating lease liabilities$6,195 $4,457 $7,566 See notes to consolidated financial statements.

F-8

Table of ContentsIPG PHOTONICS CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(In thousands, except share and per share data)

1. NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business — IPG Photonics Corporation (the "Company" or "IPG") develops, manufactures