For IPG Photonic\'s year ended December 31, 2017: DIRECT LINK TO THE FINANCIAL I

Question

For IPG Photonic's year ended December 31, 2017:

DIRECT LINK TO THE FINANCIAL INFORMATION: https://www.sec.gov/Archives/edgar/data/1111928/000111192818000034/ipgp-20171231x10k.htm#sBB98AE063457A096E358C71AC54098B3

Average Long-Term Operating Assets $

Net Income - Preferred Dividends $

Times Interest Earned

Return on Sales (Operating Profit Margin)

Asset Turnover

Return on Total Assets

Detnber 201 2016 Dtbauisadi, wwept thare aod parhre data 909,900 237,278 44 944 623,853 206,179 155,901 239010 34,128 41.259 Fropaid epaeses and otkar curest 26,976 55,831 51,223 DEFERRED INCONE TAKES, NET 42.442 19.528 28,789 379 375 18,603 INIANGIBLE ASSETS, NET PROPERTY, PLANT AND EQUIPMENT, NET LIABILITIES AND EQUIIY 3,804 S 35,109 4441 3,188 102.485 153175 Carret portion of lon -term debt Acerued expenses and other liabilities DEFERRED INCONE TAES AND OTHER LONG TERMLIABILITIES LONG TERIDEBINET OF CURRENT PORTION COMIMENTS AND CONTINGENCIES NOTE 10) PG PHOTONICS CORPORATION EQUIT 54,007.708 and 53.619.439 ha ind andouttdinzrtiay,t Decmber 31. 2017: 53.354.579 aud53 151305 haiund and ctandira. Commmen stock, 50.0001 par ?lua. 175.000.000 har uthoriz repactively, a Daceenbe 31, 2016 Treasury stock, at eost 378,269 nd 102,774 skares bald) 48,933) 650,974 1,094,108 1,443,367 n equuty 558

Explanation / Answer

As per rules I will answer the first 4 sub parts of this question

1. Income before taxes + Interest (net) = 551871+737 = $ 552608

2. Average Long-Term Operating Assets= Opening+ closing/ 2

= (19828+28789+379375) + (55831+51223+460206) /2

=497626

(Long term operating assets are goodwill, intangible assets and PPE)

3. Net Income - Preferred Dividends = 347614 – 0 (Since there is no preference stock)

= $347614

4. Times Interest Earned

= EBIT/ Interest expenses

= 551871/ 2583 (As per statement of cash flows)

= 213.66

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