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IPG PHOTONICS   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Sales1,200.721,314.581,459.871,408.891,006.17901.27769.83648.03562.53474.48
Total Revenues1,200.721,314.581,459.871,408.891,006.17901.27769.83648.03562.53474.48
Cost of sales661.73708.37659.61611.98453.93409.39353.31308.14257.80217.23
Gross Profit539.00606.21800.27796.91552.24491.88416.52339.90304.73257.26
Goodwill impairment44.5937.12----------------
Research and development126.90130.00122.77100.8778.5563.3353.4041.6631.4025.42
General and Administrative110.01107.60102.4380.6766.4957.1955.3450.8639.2337.44
Sales and marketing70.5877.7557.8249.8038.3931.8730.6426.6923.8521.73
Loss (gain)on foreign exchange12.92(12.83)6.15(14.46)(4.50)2.566.62(2.54)(1.36)2.86
Impairment of long-lived assets and other restructuring charges(1.18)(7.13)----------------
Total Operating Expenses340.34372.42276.86245.80187.93149.83132.76121.7595.8481.73
Operating Income (Loss)198.66233.79523.41551.11364.31342.04283.76218.15208.89175.52
Interest expense- net--------------0.00(0.32)--
Interest income (expense), net6.2714.249.060.741.30(0.30)(0.08)----(0.68)
Other (expense)income, net0.760.351.930.020.95(0.13)0.790.160.01(0.26)
Fair value adjustment to SeriesB Warrants--------------------
Total other expense(Non-operating)7.0314.5810.990.76--(0.43)0.720.150.33(0.94)
INCOME BEFORE PROVISION FOR INCOME TAXES AND MINORITY INTERESTS IN CONSOLIDATED SUBSIDIARIES205.69248.38534.40551.87366.57341.62284.47218.30209.22174.58
Current: State----------------(0.31)(0.45)
Current- Foreign----------------(38.94)(38.06)
Deferred- Foreign----------------(3.23)(0.45)
Deferred:Federal----------------(2.17)0.63
Deferred:State----------------(0.14)0.11
Provision for income taxes45.3568.12130.23204.28105.8599.5984.0362.5261.4753.58
Current:U.S----------------(16.68)(15.36)
Deferred:Change in valuation allowance--------------------
Minority interests in consolidated subsidiaries--------------------
Consolidated Net Income (Loss)160.34180.26404.17347.59260.72242.03200.45155.78147.74121.01
Less: Net (loss) income attributable to noncontrolling interests0.770.030.14(0.03)(0.04)(0.13)----2.743.25
Beneficial conversion feature--------------------
Accretion of seriesB preferred stock--------------------
Net Income (Loss) Available to Common Shareholders159.57180.23404.03347.61260.75242.15200.45155.78145.00117.76
Net Earnings Per Share (Basic)3.003.407.556.504.914.603.853.022.872.48
Net Earnings Per Share (Diluted)2.973.357.386.364.854.533.792.972.812.41
Weighted Average Shares Outstanding (Basic)53.1953.0653.5253.5053.0752.6852.1051.5550.4847.37
Weighted Average Shares Outstanding (Diluted)53.7953.8454.7354.7053.8053.4352.8252.3851.5448.69