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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments999366575612673
Cash and cash equivalents999366575612673
Restricted cash and investments   111 
Receivables67968976937074
Inventory, net of allowances, customer advances and progress billings35292626413933
Inventory35292626413933
Prepaid expense11    1913
Contract with customer, asset10144
Deferred costs 34    
Other current assets      1
Other undisclosed current assets1617812273238
Total current assets:238251197172217286233
Noncurrent Assets
Operating lease, right-of-use asset2827
Property, plant and equipment43232229322727
Long-term investments and receivables      9
Long-term investments      9
Intangible assets, net (including goodwill)244244253264267202208
Goodwill244240241243237198198
Intangible assets, net (excluding goodwill)14132129411
Other noncurrent assets39413843391012
Other undisclosed noncurrent assets      (9)
Total noncurrent assets:353336314336337239248
TOTAL ASSETS:592587511508554525481
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities241058882855158
Accounts payable24413433291915
Accrued liabilities 635349553135
Employee-related liabilities      7
Taxes payable 110101
Deferred revenue5437
Debt127787  
Restructuring reserve 23    
Deferred revenue and credits52523439
Other liabilities50      
Other undisclosed current liabilities74238   (7)
Total current liabilities:1471921361421458590
Noncurrent Liabilities
Long-term debt and lease obligation, including:1661113151498 
Long-term debt, excluding current maturities1408911510910398 
Operating lease, liability2626
Other undisclosed long-term debt and lease obligation (104)(102)(93)(89)  
Liabilities, other than long-term debt20452629211429
Deferred revenue and credits   3
Accounts payable and accrued liabilities 0013412
Deferred tax liabilities, net    3
Liability, pension and other postretirement and postemployment benefits  55   
Restructuring reserve 32    
Other liabilities20411823181011
Other undisclosed noncurrent liabilities 85108104103 (10)
Total noncurrent liabilities:18614114614813911219
Total liabilities:333332283290283197109
Temporary equity, carrying amount 2     
Stockholders' equity
Stockholders' equity attributable to parent258252228218271328372
Common stock0000000
Additional paid in capital2,3542,3272,2972,2732,2542,2362,262
Accumulated other comprehensive income (loss)6(3)(1)3(7)(4)(2)
Accumulated deficit(2,101)(2,072)(2,067)(2,058)(1,976)(1,904)(1,888)
Total stockholders' equity:258252228218271328372
TOTAL LIABILITIES AND EQUITY:592587511508554525481

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues379403404358406377434
Revenue, net358406377434
Cost of revenue
(Cost of Goods and Services Sold)
(184)(180)(194)(188)(205)(174)(221)
Gross profit:195223209170201203212
Operating expenses(207)(210)(214)(241)(268)(216)(234)
Operating income (loss):(12)13(5)(71)(67)(13)(22)
Nonoperating expense(12)(14)(12)(14)(13)(3)(0)
Investment income, nonoperating (12)(11)(12)(13)(3)0
Foreign currency transaction gain (loss), before tax(6)02(2)(0)(1)(0)
Other nonoperating expense(1)(2)(1)(2)(0)(0)(0)
Interest and debt expense(13)(6)(11)(11)(10)(0) 
Other undisclosed income from continuing operations before equity method investments, income taxes12 1111100 
Loss from continuing operations before income taxes:(26)(7)(17)(85)(80)(16)(22)
Income tax expense (benefit)(3)1(4)280(24)
Net loss available to common stockholders, diluted:(29)(6)(21)(83)(72)(16)(46)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(29)(6)(21)(83)(72)(16)(46)
Other comprehensive income (loss)9(2)(5)11(3)(2)(2)
Comprehensive loss:(20)(8)(26)(72)(75)(18)(48)
Other undisclosed comprehensive income, net of tax, attributable to parent 0     
Comprehensive loss, net of tax, attributable to parent:(20)(8)(26)(72)(75)(18)(48)

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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