Harman International
HARMAN designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, enterprise automation solutions; and connected services. Our talented workforce and innovation strength create value for our stakeholders by enabling rich experiences through the connected car, connected enterprise and connected lifestyle.
Audiophiles from every generation call on HARMAN to deliver the best in sound in the studio and on the stage, at home and on the go. HARMAN’s portfolio of legendary audio brands includes AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon®, Mark Levinson®and Revel®. More than 25 million vehicles on the road today enjoy an enhanced driving experience, thanks to HARMAN audio and infotainment. We extend the same spirit of innovation to the world’s leading performance and sporting venues, providing everyone with the best seats in the house.
HARMAN has reshaped our organization and cost structure to make the Company more agile in a changing world and addressed the rising importance of highly integrated, software-rich products and services. Most importantly, our track record of innovation, which has distinguished HARMAN and its premium audio and infotainment brands for more than 60 years, continues.
Key People at Harman International
Dinesh Paliwal
Sandra Rowland
Marty O’Brien
Paula Davis
Sanjay Dhawan
Phil Eyler
Herbert Parker
Ralph Santana
Chet Simon
Harman International Office Locations
Harman International Data and Metrics
Harman International Summary
Investors | Bessemer Venture Partners |
Harman International Financial Metrics
| $, USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|
Revenue | 5.3 b | 6.2 b | 6.9 b | |||
Revenue growth, % | 15% | 12% | ||||
Cost of goods sold | 3.9 b | 4.3 b | 4.8 b | |||
Gross profit | 1.5 b | 1.8 b | 2.1 b | |||
Gross profit Margin, % | 27% | 30% | 30% | |||
EBIT | 329.7 m | 469.6 m | 580 m | |||
EBIT margin, % | 6% | 8% | 8% | |||
Pre tax profit | 307.4 m | 446.3 m | 530.5 m | |||
Net Income | 234.6 m | 343 m | 362.5 m |
| $, USD | Y, 2010 | Y, 2011 | Y, 2012 | Y, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|
Cash | 645.6 m | 603.9 m | 617.4 m | 454.3 m | 581.3 m | 649.5 m | 602.3 m |
Inventories | 662.1 m | 693.6 m | 706.1 m | ||||
Current Assets | 2.5 b | 2.9 b | 2.9 b | ||||
PP&E | 509.9 m | 552.4 m | 593.3 m | ||||
Goodwill | 541 m | 1.3 b | 1.5 b | ||||
Total Assets | 4.1 b | 5.9 b | 6.1 b | ||||
Accounts Payable | 697.6 m | 918.9 m | 867.3 m | ||||
Total Debt | 255 m | 802.1 m | 880.1 m | ||||
Current Liabilities | 1.5 b | 2.1 b | 1.8 b | ||||
Common Stock | 984 k | 1 m | 1 m | ||||
Additional Paid-in Capital | 1 b | 1.4 b | 1.4 b | ||||
Retained Earnings | 2 b | 2.2 b | 2.5 b | ||||
Total Equity | 1.8 b | 2.4 b | 2.5 b | ||||
Debt to Equity Ratio | 0.1 x | 0.3 x | 0.4 x | ||||
Debt to Assets Ratio | 0.1 x | 0.1 x | 0.1 x | ||||
Financial Leverage | 2.3 x | 2.5 x | 2.5 x |
| $, USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Net Income | 234.6 m | 343 m | 362.5 m |
Inventories | (67.4 m) | (89.2 m) | |
Accounts Payable | 148 m | 273.6 m | |
Cash From Operating Activities | 592.1 m | 552.6 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 m | 305.2 m | |
Free Cash Flow | 749.3 m | 745.1 m |
