IPG Photonics Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $31.1M | $-181.5M | $218.9M | $109.9M | $278.4M | $159.6M | $180.2M | $404.0M |
| Depreciation & Amortization | $66.9M | $61.4M | $69.6M | $90.6M | $96.3M | $94.6M | $96.3M | $80.3M |
| Depreciation | $52.8M | $52.4M | $58.2M | $76.1M | $78.6M | $78.4M | $79.0M | $68.2M |
| Amortization | $9.8M | $5.9M | $7.9M | $10.5M | $12.4M | $12.0M | $12.9M | $8.2M |
| Stock-Based Compensation | $42.9M | $37.1M | $39.5M | $38.3M | $37.9M | $35.5M | $33.4M | $28.0M |
| Net Cash from Operating Activities | $75.3M | $247.9M | $296.0M | $212.6M | $389.7M | $285.3M | $323.5M | $393.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $78.8M | $98.5M | $110.5M | $110.1M | $123.1M | $87.7M | $133.5M | $160.3M |
| Business Acquisitions | $-505.0K | $66.7M | $0 | $2.0M | $0 | $429.0K | $15.1M | $109.1M |
| Net Cash from Investing Activities | $-265.2M | $208.7M | $-237.6M | $297.0M | $-416.3M | $-99.6M | $-140.0M | $-563.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $53.1M | $343.8M | $223.5M | $499.5M | $134.9M | $37.9M | $40.7M | $176.1M |
| Net Cash from Financing Activities | $-54.2M | $-339.6M | $-236.4M | $-514.5M | $-125.1M | $-10.1M | $-37.1M | $-166.6M |
| Net Change in Cash | $-216.3M | $105.4M | $-183.5M | $-10.9M | $-169.4M | $195.6M | $138.6M | $-365.5M |
| Free Cash Flow | $-3.5M | $149.4M | $185.5M | $102.5M | $266.6M | $197.6M | $190.0M | $233.0M |