Harman International Industries Inc (HAR) financial statements (2022 and earlier)

Company profile

Business Address 400 ATLANTIC STREET
STAMFORD, CT 06901
State of Incorp. DE
Fiscal Year End June 30
SIC 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2016
Q2
9/30/2016
Q1
6/30/2016
Q4
3/31/2016
Q3
12/31/2015
Q2
9/30/2015
Q1
6/30/2015
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments683512602360438411650
Cash and cash equivalents683512602360438402650
Short-term investments     9 
Receivables1,1961,1621,1231,0871,0351,0461,024
Inventory, net of allowances, customer advances and progress billings788832706840875846694
Inventory788832706840875846694
Other current assets585527487503531575582
Other undisclosed current assets     (9) 
Total current assets:3,2513,0332,9182,7912,8782,8702,949
Noncurrent Assets
Property, plant and equipment579595593577555547552
Long-term investments and receivables626212543454454
Long-term investments626246434544 
Unbilled change orders, amount expected to be collected after one year  79   54
Intangible assets, net (including goodwill)1,9361,9731,9871,9221,8621,8911,957
Goodwill1,5001,5111,5101,4261,3481,3491,287
Intangible assets, net (excluding goodwill)436462476496514542670
Other noncurrent assets433427416382421431428
Other undisclosed noncurrent assets707315736128(10)
Total noncurrent assets:3,0803,1313,1362,9972,9442,9412,981
TOTAL ASSETS:6,3326,1646,0545,7885,8235,8115,930
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7671,6861,5771,4841,8301,9041,951
Accounts payable1,002940867782882870919
Accrued liabilities725708671673924955956
Employee-related liabilities  10    
Taxes payable41372929237976
Debt5861875656
Other undisclosed current liabilities186185168173165170163
Total current liabilities:2,0111,9321,8321,6632,0002,0792,120
Noncurrent Liabilities
Long-term debt and lease obligation1,2801,2751,3171,2871,0451,0561,081
Long-term debt, excluding current maturities1,2801,2751,3171,2871,0451,0561,081
Liabilities, other than long-term debt464449453364313301336
Liability, pension and other postretirement and postemployment benefits210218216189185187187
Other liabilities254231237175128114149
Total noncurrent liabilities:1,7441,7231,7701,6511,3581,3571,417
Total liabilities:3,7553,6553,6023,3143,3583,4363,537
Stockholders' equity
Stockholders' equity attributable to parent2,5762,5092,4522,4752,4462,3572,375
Common stock1111111
Treasury stock, value(1,428)(1,408)(1,373)(1,307)(1,283)(1,270)(1,233)
Additional paid in capital1,4611,4371,4111,3971,3821,3661,365
Accumulated other comprehensive income (loss)(101)(90)(77)(59)(34)(32)11
Retained earnings2,6432,5692,4912,4432,3792,2912,230
Stockholders' equity attributable to noncontrolling interest   0191918
Total stockholders' equity:2,5762,5092,4522,4752,4642,3762,393
TOTAL LIABILITIES AND EQUITY:6,3326,1646,0545,7885,8235,8115,930

Income statement (P&L) ($ in millions)

12/31/2016
Q2
9/30/2016
Q1
6/30/2016
Q4
3/31/2016
Q3
12/31/2015
Q2
9/30/2015
Q1
6/30/2015
Q4
Revenues
(Revenue, Net)
1,9471,7601,8811,6281,7721,6311,679
Cost of revenue
(Cost of Goods and Services Sold)
(1,340)(1,218)(1,313)(1,135)(1,227)(1,143)(1,187)
Gross profit:608541568493545487491
Operating expenses(434)(390)(414)(358)(386)(378)(870)
Other undisclosed operating income     22492
Operating income:174151154135159131114
Nonoperating expense(4)(2)(2)(6)(5)(2)(6)
Investment income, nonoperating     11
Foreign currency transaction gain (loss), before tax(2)12(4)(1)2(4)
Other nonoperating expense(2)(3)(4)(3)(4)(4)(3)
Interest and debt expense(10)(10)(12)(9)(8)(8)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes114  (1)(1)
Income from continuing operations before equity method investments, income taxes:161140143120146121101
Income (loss) from equity method investments(0)1     
Income from continuing operations before income taxes:160141143120146121101
Income tax expense(61)(37)(70)(31)(33)(34)(27)
Net income:9910373891138874
Net income (loss) attributable to noncontrolling interest  (0)0(0)(0)(0)
Net income available to common stockholders, diluted:9910373891138773

Comprehensive Income ($ in millions)

12/31/2016
Q2
9/30/2016
Q1
6/30/2016
Q4
3/31/2016
Q3
12/31/2015
Q2
9/30/2015
Q1
6/30/2015
Q4
Net income:9910373891138874
Other comprehensive loss(11)(13)(18)(26)(2)(44)(43)
Comprehensive income:899055631124430
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (0)0(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:899055631114330

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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