IPG PHOTONICS CORP
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $347.6M | $260.8M | $242.2M | $200.4M | $155.8M | $145.0M | $117.8M | $54.0M |
| Depreciation & Amortization | $64.6M | $51.5M | $42.4M | $35.6M | $31.5M | $26.1M | $24.0M | $21.8M |
| Depreciation | $54.9M | $44.8M | $37.8M | $31.3M | $26.5M | $21.1M | $18.8M | $16.2M |
| Amortization | $5.9M | $3.8M | $2.3M | $2.2M | $2.3M | $2.1M | $2.2M | $1.8M |
| Stock-Based Compensation | $23.0M | $21.7M | $19.0M | $15.2M | $11.7M | $8.6M | $8.0M | $3.2M |
| Net Cash from Operating Activities | $405.4M | $297.7M | $263.5M | $180.1M | $119.4M | $175.3M | $87.4M | $63.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $126.5M | $127.0M | $70.1M | $88.6M | $70.9M | $68.2M | $53.0M | $28.4M |
| Business Acquisitions | $60.5M | $47.8M | $5.0M | $0 | $5.6M | $11.6M | $750.0K | $4.1M |
| Net Cash from Investing Activities | $-170.8M | $-274.4M | $-181.6M | $-90.1M | $-75.9M | $-55.3M | $-79.1M | $-32.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | $33.4M | — | — |
| Stock Repurchases | $40.0M | $8.9M | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $-3.4M | $27.4M | $-1.5M | $11.5M | $14.1M | $82.1M | $31.9M | $37.8M |
| Net Change in Cash | $286.0M | $41.3M | $60.4M | $73.4M | $64.7M | $203.8M | $32.4M | $64.9M |
| Free Cash Flow | $278.9M | $170.7M | $193.4M | $91.5M | $48.4M | $107.1M | $34.3M | $35.1M |