IPG PHOTONICS CORP IPGP Income Statement

Ipg photonics corp (IPGP)

Income statement / TTM

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
1,248,776	1,314,581	1,338,005	1,365,213	1,415,057	1,459,874	1,490,878	1,527,147	1,482,907	1,408,889	1,327,955	1,201,357	1,084,771	1,006,173	949,678	927,202	909,553	901,265	885,041	841,151	798,217	769,832	728,289	700,790	676,757	648,034	627,205	611,432	581,188	562,528	541,022	513,707	497,716	474,482	430,767	368,961	0	0	0
Cost of sales
688,602	708,372	689,252	674,134	669,240	659,606	648,564	655,462	639,901	611,978	584,501	537,667	489,674	453,933	430,731	419,742	411,093	409,388	401,290	381,614	363,156	353,314	344,166	332,944	323,216	308,136	293,655	284,736	269,504	257,801	245,045	233,230	225,443	217,227	200,005	178,197	0	0	0
Gross profit
560,174	606,209	648,753	691,079	745,817	800,268	842,314	871,685	843,006	796,911	743,454	663,690	595,097	552,240	518,947	507,460	498,460	491,877	483,751	459,537	435,061	416,518	384,123	367,846	353,541	339,898	333,550	326,696	311,684	304,727	295,977	280,477	272,273	257,255	230,762	190,764	0	0	0
Operating expenses:
Sales and marketing
77,153	77,745	75,191	69,701	63,574	57,815	54,985	54,890	52,490	49,801	46,557	43,633	41,186	38,393	36,823	34,080	32,353	31,868	31,157	30,936	31,021	30,637	29,886	29,191	27,989	26,692	26,588	25,572	24,581	23,845	22,051	21,922	21,915	21,731	20,978	20,254	0	0	0
Research and development
129,339	129,997	131,029	129,778	126,719	122,769	117,857	112,489	106,636	100,870	96,389	91,391	83,843	78,552	74,213	69,891	66,593	63,334	59,375	56,601	54,849	53,403	50,471	48,525	45,646	41,660	40,052	36,313	33,059	31,401	28,711	27,450	26,831	25,422	23,823	22,051	0	0	0
General and administrative
107,509	107,597	110,098	108,567	104,146	102,429	96,433	92,679	88,437	80,668	78,729	74,035	70,311	66,486	61,567	59,449	58,315	57,192	57,600	57,093	55,200	55,338	53,261	52,264	51,969	50,863	47,751	45,185	41,092	39,231	39,237	39,625	39,222	37,442	35,299	31,686	0	0	0
(Gain) loss on foreign exchange
8,351	-12,827	-2,834	-3,714	-758	6,150	2,582	353	-4,712	-14,460	-13,733	-12,721	-3,982	-4,496	-4,216	-6,436	-11,159	2,560	3,039	11,778	14,000	6,618	2,475	-2,702	-1,647	-2,536	-2,606	-2,839	405	-1,362	1,721	5,444	2,296	2,862	-665	-297	0	0	0
Total operating expenses
349,900	372,416	319,152	311,760	295,197	276,863	266,693	259,705	252,275	245,799	235,408	221,780	199,322	187,927	176,819	169,856	168,420	149,834	145,093	132,852	127,070	132,760	131,143	132,682	127,251	121,751	116,997	109,909	98,327	95,839	88,278	83,553	85,672	81,733	80,765	74,288	0	0	0
Operating income
210,274	233,793	329,601	379,319	450,620	523,405	575,621	611,980	590,731	551,112	508,046	441,910	395,775	364,313	342,128	337,604	330,040	342,043	338,658	326,685	307,991	283,758	252,980	235,164	226,290	218,147	216,553	216,787	213,357	208,888	207,699	196,924	186,601	175,522	149,997	116,476	0	0	0
Other income, net:
Interest income, net
13,359	14,238	15,870	16,020	12,698	9,057	5,010	1,001	740	737	1,120	1,618	1,420	1,304	870	457	75	-301	-270	-234	-122	-77	-119	-52	-87	-1	-247	-255	395	319	-307	-571	-1,016	-681	517	917	0	0	0
Other income (expense), net
545	345	810	1,753	1,481	1,933	1,321	1,357	994	22	559	294	412	948	-161	-223	-203	-125	436	466	544	793	841	897	419	155	1,038	1,025	1,172	8	-773	-833	-1,359	-257	-1,137	-1,499	0	0	0
Total other income
13,904	14,583	16,680	17,773	14,179	10,990	6,331	2,358	1,734	759	1,679	1,912	1,832	2,252	709	234	-128	-426	166	232	422	716	722	845	332	154	791	770	1,567	327	-2,300	-2,624	-2,359	-938	1,244	1,334	0	0	0
Income before provision for income taxes
224,178	248,376	346,281	397,092	464,799	534,395	581,952	614,338	592,465	551,871	509,725	443,822	397,607	366,565	342,837	337,838	329,912	341,617	338,824	326,917	308,413	284,474	253,702	236,009	226,622	218,301	217,344	217,557	214,924	209,215	207,371	196,272	184,638	174,584	148,275	114,601	0	0	0
Provision for income taxes
62,067	68,115	86,251	93,437	112,048	130,226	200,293	217,834	213,475	204,283	139,963	120,430	111,287	105,849	96,571	98,042	95,903	99,590	101,046	96,696	91,153	84,029	73,093	68,262	65,438	62,521	63,247	63,363	62,601	61,471	62,684	59,751	56,459	53,575	45,806	36,056	0	0	0
Net income
162,111	180,261	260,030	303,655	352,751	404,169	381,659	396,504	378,990	347,588	369,762	323,392	286,320	260,716	246,266	239,796	234,009	242,027	237,778	230,221	217,260	200,445	0	0	0	-	-	-	-	147,744	144,687	136,521	128,179	121,009	102,469	78,545	0	0	0
Less: net income (loss) attributable to non-controlling interests
633	27	-213	148	-101	142	235	0	-13	-26	-29	-37	-51	-36	-58	-84	-112	-127	-102	-68	-13	0	0	0	0	-	-	-	-	2,740	3,509	4,909	3,573	3,250	2,570	1,209	0	0	0
Net income attributable to IPG Photonics Corporation
161,478	180,234	260,243	303,507	352,852	404,027	381,424	396,504	379,003	347,614	369,791	323,429	286,371	260,752	246,324	239,880	234,121	242,154	237,880	230,289	217,273	200,445	180,609	167,747	161,184	155,780	154,097	154,194	150,216	145,004	141,178	131,612	124,606	117,759	99,899	77,336	0	0	0
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