IPG PHOTONICS CORP
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
IPGP$69.49-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets: March, 202 and December 31,
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (In thousands, except share and per share data) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $496,452 | $514,674 |
| Short-term investments | 643,655 | 662,807 |
| Accounts receivable, net | 184,012 | 219,053 |
| Inventories | 431,899 | 453,874 |
| Prepaid income taxes | 24,530 | 26,038 |
| Prepaid expenses and other current assets | 49,071 | 38,208 |
| Total current assets | 1,829,619 | 1,914,654 |
| Deferred income taxes, net | 84,452 | 88,788 |
| Goodwill | 38,351 | 38,540 |
| Intangible assets, net | 24,802 | 26,234 |
| Property, plant and equipment, net | 585,751 | 602,257 |
| Other assets | 35,461 | 28,425 |
| Total assets | $2,598,436 | $2,698,898 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $26,675 | $28,618 |
| Accrued expenses and other current liabilities | 163,011 | 181,350 |
| Income taxes payable | 2,441 | 4,893 |
| Total current liabilities | 192,127 | 214,861 |
| Other long-term liabilities and deferred income taxes | 65,589 | 68,652 |
| Total liabilities | 257,716 | 283,513 |
| Commitments and contingencies (Note 10) | ||
| IPG Photonics Corporation equity: | ||
| Common stock, $0.0001 par value, 175,000,000 shares authorized; 56,521,438 and 45,566,746 shares issued and outstanding, respectively, at March 31, 2024; 56,317,438 and 46,320,671 shares issued and outstanding, respectively, at December 31, 2023. | 6 | 6 |
| Treasury stock, at cost, 10,954,692 and 9,996,767 shares held at March 31, 2024 and December 31, 2023, respectively. | (1,251,121) | (1,161,505) |
| Additional paid-in capital | 1,002,600 | 994,020 |
| Retained earnings | 2,819,493 | 2,795,394 |
| Accumulated other comprehensive loss | (230,258) | (212,530) |
| Total IPG Photonics Corporation equity | 2,340,720 | 2,415,385 |
| Total liabilities and equity | $2,598,436 | $2,698,898 |
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