IPG PHOTONICS CORP IPGP Income Statement

Ipg photonics corp (IPGP)

Income statement / 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	Mar'11	Sep'10	Jun'10
Net sales
249,242	306,627	329,138	363,769	315,047	330,051	356,346	413,613	359,864	361,055	392,615	369,373	285,846	280,121	266,017	252,787	207,248	223,626	243,541	235,138	198,960	207,402	199,651	192,204	170,575	165,859	172,152	168,171	141,852	145,030	156,379	137,927	123,192	123,524	129,064	121,936	99,958	79,809	67,258
Cost of sales
146,366	182,424	176,280	183,532	166,136	163,304	161,162	178,638	156,502	152,262	168,060	163,077	128,579	124,785	121,226	115,084	92,838	101,583	110,237	106,435	91,133	93,485	90,561	87,977	81,291	84,337	79,339	78,249	66,211	69,856	70,420	63,017	54,508	57,100	58,605	55,230	46,292	39,878	36,797
Gross profit
102,876	124,203	152,858	180,237	148,911	166,747	195,184	234,975	203,362	208,793	224,555	206,296	157,267	155,336	144,791	137,703	114,410	122,043	133,304	128,703	107,827	113,917	109,090	104,227	89,284	81,522	92,813	89,922	75,641	75,174	85,959	74,910	68,684	66,424	70,459	66,706	53,666	39,931	30,461
Operating expenses:
Sales and marketing
18,683	18,838	18,969	20,663	19,275	16,284	13,479	14,536	13,516	13,454	13,384	12,136	10,827	10,210	10,460	9,689	8,034	8,640	7,717	7,962	7,549	7,929	7,496	8,047	7,165	7,178	6,801	6,845	5,868	7,074	5,785	5,854	5,132	5,280	5,656	5,847	4,948	4,527	4,932
Research and development
31,838	30,469	32,160	34,872	32,496	31,501	30,909	31,813	28,546	26,589	25,541	25,960	22,780	22,108	20,543	18,412	17,489	17,769	16,221	15,114	14,230	13,810	13,447	13,362	12,784	10,878	11,501	10,483	8,798	9,270	7,762	7,229	7,140	6,580	6,501	6,610	5,731	4,981	4,729
General and administrative
27,124	25,071	26,776	28,538	27,212	27,572	25,245	24,117	25,495	21,576	21,491	19,875	17,726	19,637	16,797	16,151	13,901	14,718	14,679	15,017	12,778	15,126	14,172	13,124	12,916	13,049	13,175	12,829	11,810	9,937	10,609	8,736	9,949	9,943	10,997	8,333	8,169	7,800	7,384
(Gain) loss on foreign exchange
19,565	-5,332	-808	-5,074	-1,613	4,661	-1,688	-2,118	5,295	1,093	-3,917	-7,183	-4,453	1,820	-2,905	1,556	-4,967	2,100	-5,125	-3,167	8,752	2,579	3,614	-945	1,370	-1,564	-1,563	110	481	-1,634	-1,796	3,354	-1,286	1,449	1,927	206	-720	-2,078	2,295
Total operating expenses
58,080	123,960	78,713	89,147	80,596	70,696	71,321	72,584	62,262	60,526	64,333	65,154	55,786	50,135	50,705	42,696	44,391	39,027	43,742	41,260	25,805	34,286	31,501	35,478	31,495	32,669	33,040	30,047	25,995	27,915	25,952	18,465	23,507	20,354	21,227	20,584	19,568	19,386	14,750
Operating income
44,796	243	74,145	91,090	68,315	96,051	123,863	162,391	141,100	148,267	160,222	141,142	101,481	105,201	94,086	95,007	70,019	83,016	89,562	87,443	82,022	79,631	77,589	68,749	57,789	48,853	59,773	59,875	49,646	47,259	60,007	56,445	45,177	46,070	49,232	46,122	34,098	20,545	15,711
Other income, net:
Interest income, net
3,073	2,501	3,734	4,051	3,952	4,133	3,884	729	311	86	-125	468	308	469	373	270	192	35	-40	-112	-184	66	-4	0	-139	24	63	-35	-53	-222	55	615	-129	-848	-209	170	206	350	191
Other income (expense), net
191	216	-520	658	-9	681	423	386	443	69	459	23	-529	606	194	141	7	-503	132	161	85	58	162	239	334	106	218	-239	70	989	205	-92	-1,094	208	145	-618	8	-672	-217
Total other income
3,264	2,717	3,214	4,709	3,943	4,814	4,307	1,115	754	155	334	491	-221	1,075	567	411	199	-468	92	49	-99	124	158	239	195	130	281	-274	17	767	260	523	-1,223	-1,860	-64	788	198	322	26
Income before provision for income taxes
48,060	2,960	77,359	95,799	72,258	100,865	128,170	163,506	141,854	148,422	160,556	141,633	101,260	106,276	94,653	95,418	70,218	82,548	89,654	87,492	81,923	79,755	77,747	68,988	57,984	48,983	60,054	59,601	49,663	48,026	60,267	56,968	43,954	46,182	49,168	45,334	33,900	19,873	15,494
Provision for income taxes
11,294	7,263	20,232	23,278	17,342	25,399	27,418	41,889	35,520	95,466	44,959	37,530	26,328	31,146	25,426	28,387	20,890	21,868	26,897	26,248	24,577	23,324	22,547	20,705	17,453	12,388	17,716	17,881	14,536	13,114	17,832	17,119	13,406	14,327	14,899	13,827	10,522	6,558	5,149
Net income
36,766	-4,303	57,127	72,521	54,916	75,466	100,752	121,617	106,334	52,956	115,597	104,103	74,932	75,130	69,227	67,031	49,328	60,680	62,757	61,244	57,346	56,431	55,200	48,283	40,531	-	-	-	-	34,912	42,435	39,849	30,548	31,855	34,269	31,507	23,378	13,315	10,345
Less: net income (loss) attributable to non-controlling interests
363	147	-126	249	-243	-93	235	0	0	0	0	-13	-13	-3	-8	-27	2	-25	-34	-55	-13	0	0	0	0	-	-	-	-	0	0	2,107	633	769	1,400	771	310	89	39
Net income attributable to IPG Photonics Corporation
36,403	-4,450	57,253	72,272	55,159	75,559	100,517	121,617	106,334	52,956	115,597	104,116	74,945	75,133	69,235	67,058	49,326	60,705	62,791	61,299	57,359	56,431	55,200	48,283	40,531	36,595	42,338	41,720	35,127	34,912	42,435	37,742	29,915	31,086	32,869	30,736	23,068	13,226	10,306
Net income attributable to IPG Photonics Corporation per share:
Basic (in dollars per share)
0.69	-0.08	1.08	1.36	1.04	1.42	1.88	2.27	1.98	0.99	2.16	1.95	1.40	1.42	1.30	1.26	0.93	1.16	1.19	1.16	1.09	1.08	1.06	0.93	0.78	0.71	0.82	0.81	0.68	0.67	0.83	0.74	0.63	0.66	0.68	0.65	0.49	0.28	0.22
Diluted (in dollars per share)
0.68	-0.08	1.07	1.34	1.02	1.40	1.84	2.21	1.93	0.96	2.11	1.91	1.38	1.39	1.29	1.25	0.92	1.12	1.18	1.15	1.08	1.05	1.05	0.92	0.77	0.69	0.81	0.80	0.67	0.67	0.81	0.72	0.61	0.65	0.66	0.63	0.47	0.28	0.22
Weighted average shares outstanding:
Basic (in shares)
53,075	53,273	52,928	53,042	53,001	53,161	53,571	53,662	53,694	53,792	53,440	53,380	53,368	53,238	53,071	53,065	52,898	52,886	52,675	52,657	52,486	52,290	52,088	52,068	51,970	51,828	51,495	51,462	51,407	51,383	51,090	50,989	48,446	47,568	47,483	47,310	47,099	46,533	46,220
Diluted (in shares)
53,676	54,012	53,622	53,848	53,874	54,034	54,696	54,992	55,182	55,257	54,698	54,471	54,370	54,018	53,761	53,788	53,621	53,607	53,392	53,442	53,267	53,011	52,792	52,769	52,724	52,398	52,367	52,385	52,350	52,389	52,102	52,071	49,582	48,693	48,747	48,610	48,690	47,700	47,333