Harman International

Harman International Industries engages in the development, manufacture and marketing of audio products and electronic systems. The Company's Automotive segment designs, manufactures and markets audio, electronic and infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. Its Consumer segment engages in the design, manufacture and marketing of audio and consumer electronics for home, multimedia and mobile applications. The Company's Professional segment designs, manufactures and markets loudspeakers, power amplifiers, digital signal processors, microphones and mixing consoles used by audio professionals in concert halls, stadiums, houses of worship and other public spaces. Additionally, Harman International Industries offers real-time operating system software, middleware, development tools and consulting services for various markets, including automotive, industrial control and automation, medical, networking and telecommunications, and security and defense.


Type
Subsidiary
Parent Company
Samsung Electronics (UK)
HQ
Stamford, US
Website
harman.com
Harman International is headquartered in Stamford, US

Key People at Harman International

Dinesh  Paliwal

Dinesh Paliwal

Chairman, President and CEO
Sandra  Rowland

Sandra Rowland

EVP & CFO
Paula  Davis

Paula Davis

VP, Corporate Affairs and Communications
Sanjay  Dhawan

Sanjay Dhawan

EVP and President, Connected Services Division
Phil  Eyler

Phil Eyler

EVP and President, Connected Car Division
Ralph  Santana

Ralph Santana

EVP & CMO

Harman International Office Locations

Harman International has an office in Stamford
Stamford, US (HQ)
400 Atlantic Street

Harman International Data and Metrics

Harman International Summary

Harman International is a subsidiary of Samsung Electronics (UK)

Harman International Financial Metrics

Harman International's revenue was reported to be $1.9 b in Q2, 2016
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

5.3 b6.2 b6.9 b

Revenue growth, %

15%12%

Cost of goods sold

3.9 b4.3 b4.8 b

Gross profit

1.5 b1.8 b2.1 b

Gross profit Margin, %

27%30%30%

General and administrative expense

1.5 b

Operating expense total

1.5 b

EBIT

329.7 m469.6 m580 m

EBIT margin, %

6%8%8%

Interest expense

22.6 m20.1 m12.9 m8 m13.9 m33.5 m

Pre tax profit

307.4 m446.3 m530.5 m

Income tax expense

24.3 m(68.4 m)31.7 m72.6 m103.3 m168.1 m

Net Income

234.6 m343 m362.5 m
USDQ3, 2014Q1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016

Revenue

1.4 b1.4 b1.6 b1.5 b1.6 b1.8 b1.6 b1.8 b1.9 b

Cost of goods sold

1 b1 b1.1 b1 b1.1 b1.2 b1.1 b1.2 b1.3 b

Gross profit

364.8 m414.6 m493.2 m418.1 m487.4 m545.1 m492.9 m541.3 m608 m

Gross profit Margin, %

26%29%31%29%30%31%30%31%31%

General and administrative expense

263.3 m298.8 m344.4 m326.6 m355.9 m385.9 m357.5 m390.5 m433.9 m

Operating expense total

263.3 m298.8 m344.4 m326.6 m355.9 m385.9 m357.5 m390.5 m433.9 m

EBIT

101.4 m115.8 m148.8 m91.5 m131.5 m159.2 m135.4 m150.8 m174 m

EBIT margin, %

7%8%9%6%8%9%8%9%9%

Interest expense

2.1 m2.7 m2.2 m3 m8.3 m7.7 m8.6 m9.3 m9.2 m

Pre tax profit

95.9 m110.7 m145.3 m89.6 m121.1 m146.2 m120.2 m139.6 m160.5 m

Net Income

73.4 m82.9 m116.2 m70.2 m87.5 m113.2 m88.8 m103.1 m99.4 m
USDY, 2010Y, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016

Cash

645.6 m603.9 m617.4 m454.3 m581.3 m649.5 m602.3 m

Inventories

662.1 m693.6 m706.1 m

Current Assets

2.5 b2.9 b2.9 b

PP&E

509.9 m552.4 m593.3 m

Goodwill

541 m1.3 b1.5 b

Total Assets

4.1 b5.9 b6.1 b

Accounts Payable

697.6 m918.9 m867.3 m

Total Debt

255 m802.1 m880.1 m

Current Liabilities

1.5 b2.1 b1.8 b

Total Liabilities

3.6 b

Common Stock

984 k1 m1 m

Additional Paid-in Capital

1 b1.4 b1.4 b

Retained Earnings

2 b2.2 b2.5 b

Total Equity

1.8 b2.4 b2.5 b

Debt to Equity Ratio

0.1 x0.3 x0.4 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

2.3 x2.5 x2.5 x
USDQ3, 2014Q1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016

Cash

566.9 m397.8 m510.3 m592.4 m402.2 m437.5 m360.4 m511.7 m683.4 m

Inventories

655 m745.7 m724.2 m726.4 m846.3 m875.4 m840.2 m831.9 m787.6 m

Current Assets

2.5 b2.4 b2.5 b2.7 b2.9 b2.9 b2.8 b3 b3.3 b

PP&E

445.1 m491.1 m475.2 m462.9 m547.1 m555.3 m576.8 m595.3 m579 m

Goodwill

257.6 m526 m530.9 m710.6 m1.3 b1.3 b1.4 b1.5 b1.5 b

Total Assets

3.7 b4.1 b4.2 b4.7 b5.8 b5.8 b5.8 b6.2 b6.3 b

Accounts Payable

664.7 m746.5 m789.9 m809.8 m870.4 m882.4 m782 m940.4 m1 b

Current Liabilities

1.4 b1.5 b1.6 b1.7 b2.1 b2 b1.7 b1.9 b2 b

Common Stock

983 k988 k989 k992 k1 m1 m1 m1 m1 m

Additional Paid-in Capital

1 b1 b1.1 b161.1 m1.4 b1.4 b1.4 b1.4 b1.5 b

Retained Earnings

2 b2 b2.1 b2.2 b2.3 b2.4 b2.4 b2.6 b2.6 b

Total Equity

1.8 b1.9 b2 b2.2 b2.4 b2.5 b2.5 b2.5 b2.6 b

Financial Leverage

2.1 x2.2 x2.1 x2.2 x2.4 x2.4 x2.3 x2.5 x2.5 x
USDFY, 2014FY, 2015FY, 2016

Net Income

234.6 m343 m362.5 m

Inventories

(67.4 m)(89.2 m)

Accounts Payable

148 m273.6 m

Cash From Operating Activities

592.1 m552.6 m

Capital Expenditures

(157.1 m)(192.5 m)

Cash From Investing Activities

(612.1 m)(738.5 m)

Long-term Borrowings

(30 m)(552.3 m)

Cash From Financing Activities

136.6 m305.2 m

Free Cash Flow

749.3 m745.1 m
USDQ3, 2014Q1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016

Net Income

73.4 m82.9 m116.2 m70.2 m87.5 m113.2 m88.8 m103.1 m99.4 m

Inventories

655 m745.7 m724.2 m726.4 m846.3 m875.4 m840.2 m831.9 m787.6 m

Accounts Payable

664.7 m746.5 m789.9 m809.8 m870.4 m882.4 m782 m940.4 m1 b

Harman International Median Salaries

Source: 50 public H-1B filings from Harman International

Traffic Overview of Harman International

Harman International Online and Social Media Presence

Harman International News and Updates

Move to Arrest Samsung Leader Threatens a Carefully Crafted Narrative

Jay Y. Lee, vice president and heir apparent of the conglomerate, had been portrayed by the South Korean company as a transformative executive.

Wheels: Coming From Automakers: Voice Control That Understands You Better

Ford Motor is announcing it will incorporate Amazon’s Alexa into its vehicles, one of many efforts by automakers to improve voice-recognition systems.

BlackBerry opens a research center for self-driving tech in Canada

 A former smartphone powerhouse wants to be an instrumental part of the coming smart car revolution, and BlackBerry is deepening its investment int he field with a new autonomous driving research center opening for business on Monday in Ottawa, Reuters reports. BlackBerry is one of three initial org…

Samsung’s Harman Kardon will release an Alexa competitor with Cortana in 2017

Microsoft today announced that in 2017 Harman Kardon will come out with a smart speaker that draws on Microsoft’s Cortana virtual assistant. It will likely be a competitor to Amazon’s Echo, which uses Alexa, and the Google Home, which employs the Google Assistant. The Harman device doesn’t have a na…

Israeli startups deliver much-needed tech for self-driving cars

GUEST: Israel has no indigenous auto industry, but the country’s startup community is serious about autonomous vehicles and is producing a whole host of technologies to help make self-driving cars ready for market, as the infographic above shows. And the automotive industry is taking note. Five of t…
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Harman International Company Life and Culture

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