IPGP FY 2017 Earnings Report — IPG Photonics Corporation Revenue & Financial Results | Market Cap Arena

IPG Photonics CorporationIPGP

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.0B	—	40.0%
Op. Income	$551M	—	$364M	—	51.3%
Gross Margin	56.6%	—	54.9%	—	1.7pp
Net Margin	24.7%	—	25.9%	—	-1.2pp
EPS (Diluted)	$6.36	—	$4.85	—	31.1%
Free Cash Flow	$278M	—	$165M	—	68.2%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$612M
GROSS PROFIT	$797M
R&D Expenses	$101M
Selling & Marketing	$50M
General & Administrative	$81M
SG&A Expenses	$130M
Other Expenses	$14M
Operating Expenses	$246M
Cost & Expenses	$858M
OPERATING INCOME	$551M
Interest Income	$737.0K
Interest Expense	$0
Other Income/Expenses	$759.0K
INCOME BEFORE TAX	$552M
Income Tax Expense	$204M
Net Income from Continuing Ops	$348M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$348M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$348M
D&A	$65M
EBIT	$566M
EBITDA	$630M
EPS	$7
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$612M
GROSS PROFIT	$797M
R&D Expenses	$101M
Selling & Marketing	$50M
General & Administrative	$81M
SG&A Expenses	$130M
Other Expenses	$14M
Operating Expenses	$246M
Cost & Expenses	$858M
OPERATING INCOME	$551M
Interest Income	$737.0K
Interest Expense	$0
Other Income/Expenses	$759.0K
INCOME BEFORE TAX	$552M
Income Tax Expense	$204M
Net Income from Continuing Ops	$348M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$348M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$348M
D&A	$65M
EBIT	$566M
EBITDA	$630M
EPS	$7
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$348M
Depreciation & Amortization	$65M
Stock-Based Compensation	$23M
Deferred Income Tax	$23M
Other Non-Cash Items	$54M
Change in Working Capital	-$108M
OPERATING CASH FLOW	$404M
Capital Expenditure	-$127M
Acquisitions (Net)	-$60M
Purchases of Investments	-$212M
Sales/Maturities of Investments	$213M
Other Investing Activities	$16M
NET CASH FROM INVESTING	-$170M
Net Debt Issuance	$8M
Common Stock Repurchased	-$40M
Common Dividends Paid	$0
Other Financing Activities	$28M
NET CASH FROM FINANCING	-$3M
FREE CASH FLOW	$278M
Net Change in Cash	$286M

Balance Sheet

Item	Amount
Cash & Equivalents	$910M
Short-Term Investments	$206M
Net Receivables	$237M
Inventory	$308M
Other Current Assets	$48M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$460M
Goodwill	$56M
Intangible Assets	$51M
Long-Term Investments	$16.0K
Tax Assets	$32M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$618M
TOTAL ASSETS	$2.4B
Account Payables	$35M
Short-Term Debt	$4M
Deferred Revenue	$47M
Other Current Liabilities	$81M
TOTAL CURRENT LIABILITIES	$199M
Long-Term Debt	$45M
Deferred Revenue NC	-$101M
Deferred Tax Liabilities	$105M
Other Non-Current Liabilities	$101M
TOTAL NON-CURRENT LIABILITIES	$151M
TOTAL LIABILITIES	$350M
Common Stock	$5.0K
Additional Paid-In Capital	$705M
Retained Earnings	$1.4B
Treasury Stock	-$49M
Accum. Other Comp. Income	-$77M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$49M
Net Debt	-$861M