IPG PHOTONICS CORP IPGP Income Statement

Ipg photonics corp (IPGP)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net sales
1,314,581	1,459,874	1,408,889	1,006,173	901,265	769,832	648,034	562,528	474,482	299,256	185,894
Cost of sales
708,372	659,606	611,978	453,933	409,388	353,314	308,136	257,801	217,227	152,798	121,626
Gross profit
606,209	800,268	796,911	552,240	491,877	416,518	339,898	304,727	257,255	146,458	64,268
Operating expenses:
Sales and marketing
77,745	57,815	49,801	38,393	31,868	30,637	26,692	23,845	21,731	19,100	15,157
Research and development
129,997	122,769	100,870	78,552	63,334	53,403	41,660	31,401	25,422	19,160	18,543
General and administrative
107,597	102,429	80,668	66,486	57,192	55,338	50,863	39,231	37,442	28,645	20,489
Goodwill impairment
37,120	0	0	-	-	-	-	-	-	-	-
Impairment of long-lived assets and other restructuring charges
7,130	0	0	-	-	-	-	-	-	-	-
(Gain) loss on foreign exchange
-12,827	6,150	-14,460	-4,496	2,560	6,618	-2,536	-1,362	2,862	848	-1,022
Total operating expenses
372,416	276,863	245,799	187,927	149,834	132,760	121,751	95,839	81,733	66,057	55,211
Operating income
233,793	523,405	551,112	364,313	342,043	283,758	218,147	208,888	175,522	80,401	9,057
Other income, net:
Interest income, net
14,238	9,057	737	1,304	-301	-77	-1	319	-681	-1,188	1,252
Other income (expense), net
345	1,933	22	948	-125	793	155	8	-257	39	-1,288
Total other income
14,583	10,990	759	2,252	-426	716	154	327	-938	-1,149	36
Income before provision for income taxes
248,376	534,395	551,871	366,565	341,617	284,474	218,301	209,215	174,584	79,252	7,769
Provision for income taxes
68,115	130,226	204,283	105,849	99,590	84,029	62,521	61,471	53,575	24,900	2,485
Net income
180,261	404,169	347,588	260,716	242,027	200,445	155,780	147,744	121,009	54,352	5,284
Less: net income (loss) attributable to non-controlling interests
27	142	-26	-36	-127	0	0	2,740	3,250	361	-135
Net income attributable to IPG Photonics Corporation
180,234	404,027	347,614	260,752	242,154	200,445	155,780	145,004	117,759	53,991	5,419
Net income attributable to IPG Photonics Corporation per share:
Basic (in dollars per share)
3.40	7.55	6.50	4.91	4.60	3.85	3.02	2.87	2.48	1.16	0.12
Diluted (in dollars per share)
3.35	7.38	6.36	4.85	4.53	3.79	2.97	2.81	2.41	1.13	0.12
Weighted average shares outstanding:
Basic (in shares)
53,061	53,522	53,495	53,068	52,676	52,104	51,548	50,477	47,365	46,423	45,488
Diluted (in shares)
53,839	54,726	54,699	53,797	53,427	52,824	52,375	51,536	48,685	47,593	46,595