IPG Photonics Corporation (IPGP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 0 | 28.81M | 35.31M | -2.22M | 13.45M | 73.78M | 66.06M | 53.46M | 54.6M | 106.06M | 85.98M | 66.67M | 37.28M | 41.62M | 75.86M | 78.74M | 16.42M | 84.54M | 101.97M | 115.65M |
| Operating CF Margin % | - | 10.5% | 14.08% | -0.88% | 5.9% | 31.49% | 28.33% | 20.75% | 21.66% | 35.48% | 28.53% | 19.61% | 10.74% | 12.48% | 21.74% | 20.88% | 4.44% | 23.2% | 26.89% | 31.12% |
| Operating CF Growth % | -100% | -60.95% | -46.55% | -104.15% | -75.37% | -30.43% | -23.17% | -19.81% | 46.45% | 154.82% | 13.33% | -15.33% | 127% | -50.77% | -25.6% | -31.92% | -81.24% | -0.91% | 46.16% | 57.4% |
| Net Income | 0 | 13.27M | 7.46M | 6.61M | 3.76M | 7.82M | -233.59M | 20.15M | 24.1M | 41.43M | 54.99M | 62.32M | 60.13M | -92.89M | 76.7M | 56.97M | 69.63M | 65.27M | 74.7M | 69.68M |
| Depreciation & Amortization | 0 | 20.05M | 15.63M | 15.83M | 15.34M | 14.82M | 15.12M | 15.29M | 16.21M | 16.94M | 17.34M | 17.45M | 17.89M | 20.71M | 22.75M | 23.67M | 23.43M | 24.2M | 24.15M | 24.16M |
| Stock-Based Compensation | 0 | 0 | -22.05M | 11.29M | 10.75M | 7.69M | 11.1M | 8.54M | 9.74M | 12.11M | 8.14M | 9.67M | 9.58M | 9.1M | 8.76M | 10.45M | 9.99M | 9.33M | 9.86M | 9.86M |
| Deferred Taxes | 0 | -6.44M | 1.96M | -8.44M | 6.48M | -6.9M | -19.48M | -3.32M | 4.04M | -8.95M | -9.9M | -11.04M | 16.11M | -6.03M | -10.35M | -7.81M | -3.4M | -2.13M | -2.9M | -5.8M |
| Other Non-Cash Items | 43.71M | 16.27M | -37.24M | 9.71M | 9.44M | 14.8M | 268.89M | 10.23M | 1.12M | 10.25M | 4.94M | 10.05M | 11.09M | 152.11M | -4.28M | 39.23M | 16.12M | 16.62M | 17.38M | 24.15M |
| Working Capital Changes | -43.71M | -14.34M | 69.54M | -37.22M | -32.33M | 35.55M | 24.03M | 2.56M | -621K | 34.29M | 10.47M | -21.8M | -77.52M | -41.38M | -17.72M | -43.77M | -99.35M | -28.75M | -21.22M | -6.4M |
| Change in Receivables | 0 | -16.13M | 41.79M | -18.89M | -4.11M | -5.06M | 13.42M | 6.16M | 32.3M | 14.63M | -1.15M | 766K | -24.64M | -8.42M | 40.96M | -1.06M | 2.62M | 10.19M | -24.81M | 5.17M |
| Change in Inventory | 0 | -913K | -28.17M | -14.87M | -8.97M | 17.96M | 12.72M | 15.54M | 1.5M | 22.56M | -8.63M | -3.11M | -8.99M | -40.05M | -49.73M | -48.28M | -50.95M | -44.37M | -44.16M | -41.14M |
| Change in Payables | 0 | -3.08M | -1.53M | 3.45M | 5.49M | -5.8M | 3M | 1M | 274K | -6.09M | -2.76M | -2.87M | -4.6M | -9.34M | -5.97M | 11.58M | -8.45M | 4.7M | 1.42M | 5.9M |
| Cash from Investing | 0 | 27.67M | -31.39M | 12.87M | -274.39M | -262.55M | 162.63M | 284.91M | 23.74M | -74.56M | -72.45M | 5.48M | -96.02M | -110.51M | 127.24M | 277.75M | 2.47M | -111.46M | -21.18M | -222.95M |
| Capital Expenditures | 0 | -17.89M | -20.73M | -15.36M | -24.82M | -23.17M | -23.09M | -24.22M | -28.05M | -25.23M | -26.12M | -25.73M | -33.4M | -25.59M | -24.65M | -34.73M | -25.18M | -29.25M | -39.51M | -26.92M |
| CapEx % of Revenue | - | 6.52% | 8.27% | 6.13% | 10.9% | 9.89% | 9.9% | 9.4% | 11.13% | 8.44% | 8.67% | 7.57% | 9.62% | 7.67% | 7.06% | 9.21% | 6.8% | 8.03% | 10.42% | 7.24% |
| Acquisitions | 812K | 822K | 0 | 0 | 0 | -66.74M | 0 | 3.01M | 25.26M | 816K | 28.68M | 140K | 1.6M | 800K | 52.14M | 217K | -2M | 550K | 601K | 128K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -812K | -26K | 59K | 380K | 235K | 82K | -24.86M | 31K | 157K | 112K | 120K | 219K | 107K | 26.23M | 296K | 814K | -736K | -437K | -531K | -545K |
| Cash from Financing | 0 | -3.27M | -16.46M | -28.79M | -5.67M | -55.01M | -74.38M | -119.45M | -90.77M | -60.39M | -46.2M | -12.56M | -117.24M | -113.69M | -89.41M | -231M | -80.44M | -52.95M | -36.44M | -34.05M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15.73M | -298K | -297K | -15.9M | -968K | -964K | -959K | -955K | -950K |
| Equity Issued (Net) | 0 | -3.27M | 28.58M | -28.68M | 105K | -57.34M | -74.46M | -122.4M | -89.62M | -63.97M | -45.77M | 63K | -113.09M | -116.62M | -71.28M | -232.85M | -78.76M | -56.82M | -36.34M | -38.68M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -3.27M | 28.68M | -28.68M | 0 | -57.34M | -74.46M | -122.4M | -89.62M | -63.97M | -46.5M | 63K | -113.09M | -116.62M | -71.28M | -232.85M | -78.76M | -56.82M | -36.34M | -38.68M |
| Other Financing | 0 | 0 | -45.04M | -105K | -5.78M | 2.33M | 78K | 2.95M | -1.16M | 3.58M | -432K | 3.11M | -3.84M | 3.23M | -2.23M | 2.81M | -724K | 4.83M | 860K | 5.59M |
| Net Change in Cash | 76.97M | 57.76M | -13.16M | -3.86M | -256.99M | -263.83M | 163.33M | 224.09M | -18.22M | -13.61M | -44.79M | 51.93M | -177.07M | -171.06M | 97.49M | 129.27M | -66.59M | -85.8M | 40.7M | -142.54M |
| Free Cash Flow | 0 | 10.92M | 14.57M | -17.57M | -11.37M | 50.62M | 42.97M | 29.24M | 26.54M | 80.83M | 59.86M | 40.93M | 3.88M | 16.03M | 51.22M | 44.01M | -8.75M | 55.29M | 62.45M | 88.72M |
| FCF Margin % | - | 3.98% | 5.81% | -7.01% | -4.99% | 21.6% | 18.43% | 11.35% | 10.53% | 27.04% | 19.86% | 12.04% | 1.12% | 4.81% | 14.67% | 11.67% | -2.37% | 15.17% | 16.47% | 23.87% |
| FCF Growth % | 100% | -78.43% | -66.08% | -160.1% | -142.85% | -37.38% | -28.22% | -28.56% | 584.83% | 404.15% | 16.88% | -7% | 144.28% | -71% | -17.99% | -50.39% | -114.56% | -7.06% | 37.99% | 64.59% |
| FCF per Share | - | 0.26 | 0.34 | -0.41 | -0.27 | 1.18 | 0.98 | 0.65 | 0.57 | 1.73 | 1.26 | 0.86 | 0.08 | 0.33 | 0.99 | 0.85 | -0.16 | 1.03 | 1.16 | 1.64 |
| FCF Conversion (FCF/Net Income) | - | 2.17x | 4.73x | -0.34x | 3.58x | 9.44x | -0.28x | 2.65x | 2.27x | 2.56x | 1.56x | 1.07x | 0.62x | -0.45x | 0.99x | 1.38x | 0.24x | 1.30x | 1.35x | 1.66x |
| Interest Paid | 0 | 90K | 128K | 3K | 5K | 182K | 1K | 90K | 4K | 174K | 163K | 422K | 525K | 448K | 1.17M | 743K | 857K | 782K | 544K | 685K |
| Taxes Paid | 0 | 0 | 11.34M | 22.34M | 10.57M | -38.91M | 4.74M | 26.16M | 8.01M | 7.92M | -3.18M | 38.98M | 19.2M | 29.43M | 22.06M | 36.29M | 25.42M | 27.02M | -5.83M | 20.47M |