Harman International Industries Inc (HAR) financial statements (2021 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)

6/30/2016
6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments602650584464
Cash and cash equivalents602650581454
Short-term investments  310
Receivables1,1231,024895723
Inventory, net of allowances, customer advances and progress billings706694662550
Inventory706694662550
Other current assets487582321352
Other undisclosed current assets  (3) 
Total current assets:2,9182,9492,4592,089
Noncurrent Assets
Property, plant and equipment593552510425
Long-term investments and receivables1255450 
Long-term investments46   
Unbilled change orders, amount expected to be collected after one year795450
Intangible assets, net (including goodwill)1,9871,957723255
Goodwill1,5101,287541234
Intangible assets, net (excluding goodwill)47667018220
Other noncurrent assets416428445226
Assets held-for-sale, long lived 485
Other undisclosed noncurrent assets15(10)(61)(245)
Total noncurrent assets:3,1362,9811,6671,147
TOTAL ASSETS:6,0545,9304,1263,236
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5771,9511,291914
Accounts payable867919698498
Accrued liabilities671956567403
Employee-related liabilities10   
Taxes payable29762713
Debt8763935
Other undisclosed current liabilities168163155128
Total current liabilities:1,8322,1201,4861,078
Noncurrent Liabilities
Long-term debt and lease obligation1,3171,081219255
Long-term debt, excluding current maturities1,3171,081219255
Liabilities, other than long-term debt453336328258
Pension and other postretirement defined benefit plans, liabilities 168
Liability, pension and other postretirement and postemployment benefits216187186
Other liabilities23714914191
Other undisclosed noncurrent liabilities  (361)(346)
Total noncurrent liabilities:1,7701,417186168
Other undisclosed liabilities  661346
Total liabilities:3,6023,5372,3331,591
Stockholders' equity
Stockholders' equity attributable to parent2,4522,3751,7931,645
Common stock1111
Treasury stock, value(1,373)(1,233)(1,268)(1,177)
Additional paid in capital1,4111,3651,040972
Accumulated other comprehensive income (loss)(77)114022
Retained earnings2,4912,2301,9791,827
Stockholders' equity attributable to noncontrolling interest 180 
Total stockholders' equity:2,4522,3931,7931,645
TOTAL LIABILITIES AND EQUITY:6,0545,9304,1263,236

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

6/30/2016
6/30/2015
6/30/2014
6/30/2013
Revenues
(Revenue, Net)
6,9126,1555,3484,298
Cost of revenue
(Cost of Goods and Services Sold)
(4,819)(4,338)(3,892)(3,194)
Gross profit:2,0931,8171,4571,104
Operating expenses(1,513)(1,904)(1,644)(1,477)
Other undisclosed operating income 556517574
Operating income:580470330201
Nonoperating expense(16)(7)(12)(9)
Investment income, nonoperating 222
Foreign currency transaction gain (loss), before tax(1)1(6) 
Other nonoperating expense(15)(10)(8)(12)
Interest and debt expense(37)(14)(8)(13)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes4(2)(2)(5)
Income from continuing operations before equity method investments, income taxes:531446307174
Loss from equity method investments (0)(0) 
Income from continuing operations before income taxes:531446307174
Income tax expense(168)(103)(73)(32)
Income before gain (loss) on sale of properties:362343235143
Other undisclosed net loss   (0)
Net income:362343235142
Net loss attributable to noncontrolling interest(1)(0)(0) 
Other undisclosed net income attributable to parent  0 
Net income available to common stockholders, diluted:362343235142

Comprehensive Income ($ in millions)

6/30/2016
6/30/2015
6/30/2014
6/30/2013
Net income:362343235142
Other comprehensive income (loss)(89)(28)18(8)
Comprehensive income:274315253134
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(0) 
Other undisclosed comprehensive income, net of tax, attributable to parent  0 
Comprehensive income, net of tax, attributable to parent:273314253134

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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