Harmonic Inc. (HLIT) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments936657561267390
Cash and cash equivalents936657561267390
Restricted cash and investments  111  
Receivables96897693707475
Inventory, net of allowances, customer advances and progress billings29262641393337
Inventory29262641393337
Prepaid expense    191318
Contract with customer, asset144
Deferred costs34     
Other current assets     11
Other undisclosed current assets17812273238108
Total current assets:251197172217286233329
Noncurrent Assets
Operating lease, right-of-use asset27
Property, plant and equipment23222932272735
Long-term investments and receivables     9 
Long-term investments     9 
Intangible assets, net (including goodwill)244253264267202208229
Goodwill240241243237198198198
Intangible assets, net (excluding goodwill)413212941131
Other noncurrent assets41384339101213
Other undisclosed noncurrent assets     (9) 
Total noncurrent assets:336314336337239248277
TOTAL ASSETS:587511508554525481606
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities105888285515865
Accounts payable41343329191522
Accrued liabilities63534955313535
Employee-related liabilities     77
Taxes payable1101010
Deferred revenue37
Debt7787   
Restructuring reserve23    
Deferred revenue and credits5252343927
Other undisclosed current liabilities4238   (7)(7)
Total current liabilities:192136142145859085
Noncurrent Liabilities
Long-term debt and lease obligation, including:1113151498  
Long-term debt, excluding current maturities8911510910398  
Operating lease, liability26
Other undisclosed long-term debt and lease obligation(104)(102)(93)(89)   
Liabilities, other than long-term debt45262921142927
Deferred revenue and credits   3 
Accounts payable and accrued liabilities0013412 
Accrued income taxes15
Deferred tax liabilities, net    3 
Liability, pension and other postretirement and postemployment benefits 55   
Restructuring reserve32     
Other liabilities41182318101112
Other undisclosed noncurrent liabilities85108104103 (10) 
Total noncurrent liabilities:1411461481391121927
Total liabilities:332283290283197109112
Temporary equity, carrying amount2      
Stockholders' equity
Stockholders' equity attributable to parent252228218271328372494
Common stock0000000
Additional paid in capital2,3272,2972,2732,2542,2362,2622,336
Accumulated other comprehensive income (loss)(3)(1)3(7)(4)(2)(0)
Accumulated deficit(2,072)(2,067)(2,058)(1,976)(1,904)(1,888)(1,842)
Total stockholders' equity:252228218271328372494
TOTAL LIABILITIES AND EQUITY:587511508554525481606

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues403404358406377434462
Revenue, net358406377434462
Cost of revenue
(Cost of Goods and Services Sold)
(180)(194)(188)(205)(174)(221)(241)
Gross profit:223209170201203212220
Operating expenses(210)(214)(241)(268)(216)(234)(243)
Operating income (loss):13(5)(71)(67)(13)(22)(23)
Nonoperating expense(14)(12)(14)(13)(3)(0)(0)
Investment income, nonoperating(12)(11)(12)(13)(3)00
Foreign currency transaction gain (loss), before tax02(2)(0)(1)(0) 
Other nonoperating expense(2)(1)(2)(0)(0)(0)(0)
Interest and debt expense(6)(11)(11)(10)(0)  
Other undisclosed income from continuing operations before equity method investments, income taxes 1111100  
Loss from continuing operations before income taxes:(7)(17)(85)(80)(16)(22)(23)
Income tax expense (benefit)1(4)280(24)45
Net income (loss):(6)(21)(83)(72)(16)(46)22
Other undisclosed net income attributable to parent      15
Net income (loss) available to common stockholders, diluted:(6)(21)(83)(72)(16)(46)37

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(6)(21)(83)(72)(16)(46)22
Other comprehensive income (loss)(2)(5)11(3)(2)(2)0
Comprehensive income (loss):(8)(26)(72)(75)(18)(48)22
Other undisclosed comprehensive income, net of tax, attributable to parent0     15
Comprehensive income (loss), net of tax, attributable to parent:(8)(26)(72)(75)(18)(48)37

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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