Harmonic Inc. (HLIT) financial statements (2021 and earlier)

Company profile

Business Address 4300 NORTH FIRST STREET
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments99717872936758
Cash and cash equivalents99717872936758
Receivables6788751019610871
Inventory, net of allowances, customer advances and progress billings35373235292928
Inventory35373235292928
Prepaid expense11334 88
Contract with customer, asset104461474
Capitalized contract cost 221   
Deferred costs 254398
Other undisclosed current assets1699101799
Total current assets:238214208232251237186
Noncurrent Assets
Operating lease, right-of-use asset282525262728 
Property, plant and equipment43424137231919
Intangible assets, net (including goodwill)244243242241244245249
Goodwill244241240239240239240
Intangible assets, net (excluding goodwill)1123479
Regulated entity, other noncurrent assets      1
Other noncurrent assets39364140413943
Other undisclosed noncurrent assets      29
Total noncurrent assets:353345350345336331341
TOTAL ASSETS:592559558576587568527
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities248484981059290
Accounts payable24322745413132
Accrued liabilities 515552635957
Taxes payable 110111
Deferred revenue544348493748 
Debt12191450771
Restructuring reserve    2 3
Other liabilities50      
Other undisclosed current liabilities7   42 44
Total current liabilities:147146145197192146138
Noncurrent Liabilities
Long-term debt and lease obligation, including:166138141100111017
Long-term debt, excluding current maturities14013814110089130118
Operating lease, liability26   2625 
Other undisclosed long-term debt and lease obligation    (104)(145)(101)
Liabilities, other than long-term debt20414142454547
Accounts payable and accrued liabilities 000000
Liability, pension and other postretirement and postemployment benefits     55
Restructuring reserve    300
Other liabilities20414141414041
Other undisclosed noncurrent liabilities    85125113
Total noncurrent liabilities:186179182141141181176
Total liabilities:333325327338332327315
Temporary equity, carrying amount 0 22  
Stockholders' equity
Stockholders' equity attributable to parent258234230236252241212
Common stock0000000
Additional paid in capital2,3542,3492,3432,3362,3272,3242,303
Accumulated other comprehensive income (loss)60(3)(6)(3)(5)(2)
Accumulated deficit(2,101)(2,115)(2,109)(2,094)(2,072)(2,078)(2,089)
Total stockholders' equity:258234230236252241212
TOTAL LIABILITIES AND EQUITY:592559558576587568527

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues13295747812211685
Cost of revenue
(Cost of Goods and Services Sold)
(60)(46)(36)(42)(60)(40)(41)
Gross profit:72493837627644
Operating expenses(55)(51)(47)(55)(55)(53)(52)
Operating income (loss):17(2)(10)(18)723(8)
Nonoperating income (expense)(9)(0)(0)2(13)(2)(0)
Foreign currency transaction gain, before tax   2   
Other nonoperating expense (0)(0)(0) (2)(0)
Interest and debt expense(12)(3)(1)(3) (6)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes18(0)(3)(2)11(3)(0)
Income (loss) from continuing operations before income taxes:13(5)(14)(21)412(11)
Income tax expense (benefit)0(1)(2)(1)2(1)(1)
Net income (loss) available to common stockholders, diluted:13(5)(15)(22)612(12)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):13(5)(15)(22)612(12)
Other comprehensive income (loss)543(3)2(4)1
Comprehensive income (loss):19(2)(12)(25)88(11)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    0 (0)
Comprehensive income (loss), net of tax, attributable to parent:19(2)(12)(25)88(11)

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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