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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 647,606 $ 909,900
Short-term investments 474,422 206,257
Accounts receivable, net 251,613 237,278
Inventories 397,409 307,712
Prepaid income taxes 61,222 44,944
Prepaid expenses and other current assets 50,013 47,919
Total current assets 1,882,285 1,754,010
DEFERRED INCOME TAXES, NET 19,995 26,976
GOODWILL 56,769 55,831
INTANGIBLE ASSETS, NET 45,844 51,223
PROPERTY, PLANT AND EQUIPMENT, NET 529,163 460,206
OTHER ASSETS 28,043 19,009
TOTAL ASSETS 2,562,099 2,367,255
CURRENT LIABILITIES:    
Current portion of long-term debt 3,654 3,604
Accounts payable 29,494 35,109
Accrued expenses and other liabilities 137,060 144,417
Income taxes payable 47,777 15,773
Total current liabilities 217,985 198,903
DEFERRED INCOME TAXES AND OTHER LONG-TERM LIABILITIES 94,675 100,652
LONG-TERM DEBT, NET OF CURRENT PORTION 42,631 45,378
Total liabilities 355,291 344,933
COMMITMENTS AND CONTINGENCIES (NOTE 11)
IPG PHOTONICS CORPORATION EQUITY:    
Common stock, $0.0001 par value, 175,000,000 shares authorized; 54,362,579 and 53,398,504 shares issued and outstanding, respectively, at June 30, 2018; 54,007,708 and 53,629,439 shares issued and outstanding, respectively, at December 31, 2017 5 5
Treasury stock, at cost (964,075 and 378,269 shares held) (160,859) (48,933)
Additional paid-in capital 738,285 704,727
Retained earnings 1,772,941 1,443,867
Accumulated other comprehensive loss (144,409) (77,344)
Total IPG Photonics Corporation equity 2,205,963 2,022,322
NONCONTROLLING INTERESTS 845 0
Total equity 2,206,808 2,022,322
TOTAL LIABILITIES AND EQUITY $ 2,562,099 $ 2,367,255