XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 763,920 $ 680,070
Short-term investments 537,696 502,546
Accounts receivable, net 240,352 238,479
Inventories 370,344 380,790
Prepaid income taxes 60,436 38,873
Prepaid expenses and other current assets 58,905 55,876
Total current assets 2,031,653 1,896,634
Deferred income taxes, net 38,616 31,395
Goodwill 37,731 82,092
Intangible assets, net 64,999 74,271
Property, plant and equipment, net 576,398 600,852
Other assets 45,535 45,192
Total assets 2,794,932 2,730,436
Current liabilities:    
Current portion of long-term debt 3,792 3,740
Accounts payable 37,375 27,329
Accrued expenses and other current liabilities 156,472 149,782
Income taxes payable 3,806 11,053
Total current liabilities 201,445 191,904
Deferred income taxes and other long-term liabilities 87,296 98,121
Long-term debt, net of current portion 35,117 37,968
Total liabilities 323,858 327,993
Commitments and contingencies (Note 12)
IPG Photonics Corporation equity:    
Common stock, $0.0001 par value, 175,000,000 shares authorized; 55,278,428 and 53,244,416 shares issued and outstanding, respectively, at September 30, 2020; 54,743,227 and 53,010,875 shares issued and outstanding, respectively, at December 31, 2019. 6 5
Treasury stock, at cost, 2,034,012 and 1,732,352 shares held at September 30, 2020 and December 31, 2019, respectively. (303,614) (265,730)
Additional paid-in capital 828,796 785,636
Retained earnings 2,138,852 2,028,734
Accumulated other comprehensive loss (193,827) (146,919)
Total IPG Photonics Corporation equity 2,470,213 2,401,726
Non-controlling interests 861 717
Total equity 2,471,074 2,402,443
Total liabilities and equity $ 2,794,932 $ 2,730,436