Harmonic Inc. (HLIT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1339993665756126
Cash and cash equivalents1339993665756126
Restricted cash and investments    111
Receivables89679689769370
Inventory, net of allowances, customer advances and progress billings71352926264139
Inventory71352926264139
Prepaid expense811    19
Contract with customer, asset810144
Deferred costs  34   
Other undisclosed current assets1416178122732
Total current assets:323238251197172217286
Noncurrent Assets
Operating lease, right-of-use asset312827
Property, plant and equipment43432322293227
Intangible assets, net (including goodwill)240244244253264267202
Goodwill240244240241243237198
Intangible assets, net (excluding goodwill) 141321294
Other noncurrent assets57394138433910
Total noncurrent assets:371353336314336337239
TOTAL ASSETS:694592587511508554525
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities642410588828551
Accounts payable64244134332919
Accrued liabilities  6353495531
Taxes payable  11010
Deferred revenue575437
Debt42127787 
Restructuring reserve  23   
Deferred revenue and credits525234
Other liabilities5450     
Other undisclosed current liabilities774238   
Total current liabilities:22414719213614214585
Noncurrent Liabilities
Long-term debt and lease obligation, including:1411661113151498
Long-term debt, excluding current maturities1121408911510910398
Operating lease, liability292626
Other undisclosed long-term debt and lease obligation  (104)(102)(93)(89) 
Liabilities, other than long-term debt31204526292114
Accounts payable and accrued liabilities  00134
Liability, pension and other postretirement and postemployment benefits   55  
Restructuring reserve  32   
Other liabilities31204118231810
Other undisclosed noncurrent liabilities  85108104103 
Total noncurrent liabilities:172186141146148139112
Total liabilities:397333332283290283197
Temporary equity, carrying amount1 2    
Stockholders' equity
Stockholders' equity attributable to parent296258252228218271328
Common stock0000000
Additional paid in capital2,3872,3542,3272,2972,2732,2542,236
Accumulated other comprehensive income (loss)(3)6(3)(1)3(7)(4)
Accumulated deficit(2,088)(2,101)(2,072)(2,067)(2,058)(1,976)(1,904)
Total stockholders' equity:296258252228218271328
TOTAL LIABILITIES AND EQUITY:694592587511508554525

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues507379403404358406377
Revenue, net358406377
Cost of revenue
(Cost of Goods and Services Sold)
(247)(184)(180)(194)(188)(205)(174)
Gross profit:260195223209170201203
Operating expenses(241)(207)(210)(214)(241)(268)(216)
Operating income (loss):19(12)13(5)(71)(67)(13)
Nonoperating income (expense)6(12)(14)(12)(14)(13)(3)
Investment income, nonoperating  (12)(11)(12)(13)(3)
Foreign currency transaction gain (loss), before tax5(6)02(2)(0)(1)
Other nonoperating income (expense)1(1)(2)(1)(2)(0)(0)
Interest and debt expense(11)(13)(6)(11)(11)(10)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes 12 1111100
Income (loss) from continuing operations before equity method investments, income taxes:14(26)(7)(17)(85)(80)(16)
Other undisclosed loss from continuing operations before income taxes(5)      
Income (loss) from continuing operations before income taxes:9(26)(7)(17)(85)(80)(16)
Income tax expense (benefit)4(3)1(4)280
Net income (loss) available to common stockholders, diluted:13(29)(6)(21)(83)(72)(16)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):13(29)(6)(21)(83)(72)(16)
Other comprehensive income (loss)(8)9(2)(5)11(3)(2)
Comprehensive income (loss):5(20)(8)(26)(72)(75)(18)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1) 0    
Comprehensive income (loss), net of tax, attributable to parent:4(20)(8)(26)(72)(75)(18)

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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