IPG PHOTONICS CORP IPGP Balance Sheet

Ipg photonics corp (IPGP)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Current assets:
Cash and cash equivalents
570	680	580	530	548	544	647	816	969	909	880	808	697	623	645	587	613	582	651	571	541	522	487	483	480	448	398	369	355	384	372	345	377	180	196	188	147
Short-term investments
625	502	498	512	481	500	474	308	206	206	165	122	165	206	126	126	126	106	-	-	-	0	-	-	-	-	-	-	-	-	-	9	18	25	-	-	-
Accounts receivable, net
200	238	252	273	231	255	251	242	235	237	226	237	180	155	162	151	146	150	154	169	149	143	136	124	107	103	120	114	102	96	110	86	88	75	80	73	55
Inventories
363	380	417	425	417	403	397	376	356	307	282	260	261	239	242	241	226	203	197	190	174	171	179	178	170	172	171	154	142	139	135	121	123	116	117	109	72
Prepaid income taxes
50	38	50	49	50	43	61	40	42	44	40	37	41	34	35	32	37	33	32	27	25	20	20	19	17	15	17	16	14	13	13	13	14	13	14	4	2
Prepaid expenses and other current assets
64	55	65	70	61	57	50	51	54	47	46	44	44	41	38	33	24	25	23	24	23	21	23	32	33	30	30	25	23	18	18	14	14	11	13	17	13
Deferred income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	24	22	-	18	18	16	15	15	15	15	14	11	11	11	12	10	11	11	10	9	7	8
Total current assets
1,874	1,896	1,865	1,863	1,792	1,805	1,882	1,836	1,864	1,754	1,642	1,510	1,391	1,300	1,276	1,197	1,197	1,102	1,078	1,002	931	893	863	854	825	786	749	691	649	664	661	602	647	434	431	399	300
Deferred income taxes, net
32	31	23	20	17	19	19	27	24	26	40	47	47	42	15	13	11	29	9	7	5	5	9	8	6	4	6	3	2	2	4	6	5	4	4	4	4
Goodwill
81	82	109	110	110	100	56	59	55	55	51	28	19	19	20	20	0	0	0	0	0	0	0	0	0	0	0	0	3	2	3	-	-	0	-	-	-
Intangible assets, net
70	74	85	89	93	87	45	47	49	51	49	32	27	28	28	29	11	11	12	14	14	9	9	8	9	9	10	10	11	7	7	4	5	6	6	7	7
Property, plant and equipment, net
580	600	596	600	570	543	529	514	483	460	441	389	395	379	367	350	309	288	286	288	274	275	271	268	249	252	236	225	218	210	195	177	169	155	143	141	120
Other assets
39	45	50	51	44	18	28	44	19	19	20	21	20	18	19	18	19	20	21	21	22	26	30	19	7	7	7	7	6	7	6	6	6	7	9	7	8
Total assets
2,680	2,730	2,730	2,737	2,628	2,574	2,562	2,530	2,498	2,367	2,246	2,030	1,902	1,789	1,727	1,629	1,550	1,453	1,408	1,334	1,249	1,210	1,185	1,158	1,097	1,061	1,009	939	892	895	878	798	834	608	596	561	441
LIABILITIES AND EQUITY
Current liabilities:
Revolving line-of-credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	1	0	2	2	2	2	3	1	1	9	2	4	4	9	7	7	7	6
Current portion of long-term debt
3	3	3	3	3	3	3	3	3	3	3	1	3	3	3	3	2	2	2	2	13	13	11	12	1	1	1	1	1	1	1	1	1	1	1	1	1
Accounts payable
39	27	30	38	39	36	29	42	33	35	34	28	25	28	17	20	20	26	20	21	15	17	18	15	18	18	14	18	14	17	14	13	13	11	15	14	9
Accrued expenses and other current liabilities
148	149	151	161	153	154	137	134	135	144	134	116	105	102	96	80	70	75	76	68	62	64	66	63	63	59	59	53	50	51	55	46	44	47	51	50	50
Deferred income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	4	3	-	3	3	5	3	3	3	3	2	2	2	2	9	7	7	9	5	5	8	3
Income taxes payable
3	11	19	19	13	51	47	29	22	15	10	10	23	24	34	26	53	37	45	28	25	21	25	16	14	15	27	17	9	42	37	31	24	21	29	7	11
Total current liabilities
195	191	205	222	209	245	217	210	195	198	182	156	157	158	155	134	150	141	148	125	123	122	128	113	103	100	105	95	88	125	121	103	103	93	110	90	82
Deferred income taxes and other long-term liabilities
91	98	105	107	109	80	94	104	112	100	58	48	41	36	30	31	35	33	25	26	26	22	20	21	21	21	16	16	18	13	13	9	9	8	4	4	1
Long-term debt, net of current portion
37	37	38	39	40	41	42	43	44	45	46	21	36	37	38	39	17	17	18	18	19	19	0	0	11	11	11	12	12	14	14	14	15	15	16	16	15
Total liabilities
324	327	350	370	360	368	355	358	352	344	286	226	236	232	224	206	203	192	192	170	168	164	148	134	135	133	134	123	119	152	148	128	128	118	177	158	100
REDEEMABLE NONCONTROLLING INTERESTS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	46	45	46	24
Commitments and contingencies (Note 12)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
IPG Photonics Corporation equity:
Common stock, $0.0001 par value, 175,000,000 shares authorized; 54,968,352 and 53,127,181 shares issued and outstanding, respectively, at March 31, 2020; 54,743,227 and 53,010,875 shares issued and outstanding, respectively, at December 31, 2019.
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Treasury stock, at cost, 1,841,171 and 1,732,352 shares held at March 31, 2020 and December 31, 2019, respectively.
278	265	250	227	224	224	160	99	69	48	35	33	21	8	3	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
788	785	772	761	746	744	738	729	714	704	693	681	668	650	635	629	616	607	597	591	580	567	556	551	544	538	526	521	515	511	506	499	504	332	329	325	310
Retained earnings
2,065	2,028	2,033	1,975	1,903	1,848	1,772	1,672	1,550	1,443	1,390	1,275	1,171	1,094	1,018	949	882	833	772	709	648	591	534	479	431	390	354	311	270	234	233	190	153	122	91	59	5
Accumulated other comprehensive loss
-220	-146	-174	-143	-157	-162	-144	-129	-50	-77	-89	-119	-151	-178	-148	-156	-152	-181	-155	-139	-150	-112	-54	-7	-14	-1	-4	-16	-12	-3	-10	-21	0	-12	-2	17	0
Total IPG Photonics Corporation equity
2,355	2,401	2,380	2,366	2,267	2,205	2,205	2,172	2,145	2,022	1,959	1,804	1,666	1,557	1,502	1,422	1,345	1,259	1,214	1,162	1,078	1,046	1,036	1,023	961	927	875	815	773	742	729	669	658	443	418	402	316
Non-controlling interests
0	0	0	0	0	0	0	-	-	0	0	0	0	0	0	0	1	1	1	1	1	0	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Total equity
2,355	2,402	2,380	2,367	2,268	2,206	2,206	-	-	2,022	1,959	1,804	1,666	1,557	1,503	1,423	1,346	1,260	1,215	1,163	1,080	1,046	-	-	-	-	-	-	-	-	729	669	658	443	418	402	316
Total liabilities and equity
2,680	2,730	2,730	2,737	2,628	2,574	2,562	2,530	2,498	2,367	2,246	2,030	1,902	1,789	1,727	1,629	1,550	1,453	1,408	1,334	1,249	1,210	1,185	1,158	1,097	1,061	1,009	939	892	895	878	798	834	608	596	561	441