Summary - Funding Rounds
Investors | Bessemer Venture Partners |
Harman International is a subsidiary of Samsung Electronics
Harman International Income Statement
Annual
| USD | 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% |
General and administrative expense | 1.5 b | ||
Operating expense total | 1.5 b | ||
EBIT | 329.7 m | 469.6 m | 580 m |
EBIT margin, % | 6% | 8% | 8% |
Interest expense | 8 m | 13.9 m | 33.5 m |
Pre tax profit | 307.4 m | 446.3 m | 530.5 m |
Income tax expense | 72.6 m | 103.3 m | 168.1 m |
Net Income | 234.6 m | 343 m | 362.5 m |
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.2 b | 1.3 b | 1.4 b | 1.4 b | 1.6 b | 1.5 b | 1.6 b | 1.8 b | 1.6 b | 1.8 b | 1.9 b |
Cost of goods sold | 850.2 m | 948.6 m | 1 b | 1 b | 1.1 b | 1 b | 1.1 b | 1.2 b | 1.1 b | 1.2 b | 1.3 b |
Gross profit | 321.6 m | 379.5 m | 364.8 m | 414.6 m | 493.2 m | 418.1 m | 487.4 m | 545.1 m | 492.9 m | 541.3 m | 608 m |
Gross profit Margin, % | 27% | 29% | 26% | 29% | 31% | 29% | 30% | 31% | 30% | 31% | 31% |
General and administrative expense | 252.3 m | 277.6 m | 263.3 m | 298.8 m | 344.4 m | 326.6 m | 355.9 m | 385.9 m | 357.5 m | 390.5 m | 433.9 m |
Operating expense total | 252.3 m | 277.6 m | 263.3 m | 298.8 m | 344.4 m | 326.6 m | 355.9 m | 385.9 m | 357.5 m | 390.5 m | 433.9 m |
EBIT | 69.4 m | 101.9 m | 101.4 m | 115.8 m | 148.8 m | 91.5 m | 131.5 m | 159.2 m | 135.4 m | 150.8 m | 174 m |
EBIT margin, % | 6% | 8% | 7% | 8% | 9% | 6% | 8% | 9% | 8% | 9% | 9% |
Interest expense | 2 m | 1.9 m | 2.1 m | 2.7 m | 2.2 m | 3 m | 8.3 m | 7.7 m | 8.6 m | 9.3 m | 9.2 m |
Pre tax profit | 65.2 m | 95.1 m | 95.9 m | 110.7 m | 145.3 m | 89.6 m | 121.1 m | 146.2 m | 120.2 m | 139.6 m | 160.5 m |
Net Income | 46.5 m | 71.6 m | 73.4 m | 82.9 m | 116.2 m | 70.2 m | 87.5 m | 113.2 m | 88.8 m | 103.1 m | 99.4 m |
Harman International Balance Sheet
Annual
| 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 | ||||
Short-term debt | 35.6 m | 4.6 m | 86.6 m | ||||
Current Liabilities | 1.5 b | 2.1 b | 1.8 b | ||||
Long-term debt | 219.4 m | 797.5 m | 793.5 m | ||||
Total Debt | 255 m | 802.1 m | 880.1 m | ||||
Total Liabilities | 3.6 b | ||||||
Common Stock | 984 k | 1 m | 1 m | ||||
Preferred Stock | |||||||
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 |
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 515.4 m | 518.6 m | 566.9 m | 397.8 m | 510.3 m | 592.4 m | 402.2 m | 437.5 m | 360.4 m | 511.7 m | 683.4 m |
Inventories | 614.3 m | 655.9 m | 655 m | 745.7 m | 724.2 m | 726.4 m | 846.3 m | 875.4 m | 840.2 m | 831.9 m | 787.6 m |
Current Assets | 2.3 b | 2.3 b | 2.5 b | 2.4 b | 2.5 b | 2.7 b | 2.9 b | 2.9 b | 2.8 b | 3 b | 3.3 b |
PP&E | 431.8 m | 437.7 m | 445.1 m | 491.1 m | 475.2 m | 462.9 m | 547.1 m | 555.3 m | 576.8 m | 595.3 m | 579 m |
Goodwill | 237 m | 251.4 m | 257.6 m | 526 m | 530.9 m | 710.6 m | 1.3 b | 1.3 b | 1.4 b | 1.5 b | 1.5 b |
Total Assets | 3.4 b | 3.5 b | 3.7 b | 4.1 b | 4.2 b | 4.7 b | 5.8 b | 5.8 b | 5.8 b | 6.2 b | 6.3 b |
Accounts Payable | 585.4 m | 616.5 m | 664.7 m | 746.5 m | 789.9 m | 809.8 m | 870.4 m | 882.4 m | 782 m | 940.4 m | 1 b |
Short-term debt | 30 m | 30 m | 33.8 m | 37.5 m | 39.4 m | 4.5 m | 4.4 m | 4.2 m | 59.7 m | 55.5 m | |
Current Liabilities | 1.2 b | 1.3 b | 1.4 b | 1.5 b | 1.6 b | 1.7 b | 2.1 b | 2 b | 1.7 b | 1.9 b | 2 b |
Long-term debt | 247.5 m | 240 m | 228.8 m | 210 m | 198.8 m | 25 k | 797.6 m | 786.4 m | 803.8 m | 791.6 m | 766.6 m |
Total Debt | 277.5 m | 270 m | 262.5 m | 247.5 m | 238.2 m | 25 k | 802.1 m | 790.8 m | 808 m | 851.3 m | 822.1 m |
Total Liabilities | 1.8 b | 1.8 b | 1.9 b | 2.2 b | 2.2 b | 2.6 b | 3.4 b | 3.4 b | 3.3 b | 3.7 b | 3.8 b |
Common Stock | 978 k | 980 k | 983 k | 988 k | 989 k | 992 k | 1 m | 1 m | 1 m | 1 m | 1 m |
Preferred Stock | |||||||||||
Additional Paid-in Capital | 984.4 m | 1 b | 1 b | 1 b | 1.1 b | 161.1 m | 1.4 b | 1.4 b | 1.4 b | 1.4 b | 1.5 b |
Retained Earnings | 1.9 b | 1.9 b | 2 b | 2 b | 2.1 b | 2.2 b | 2.3 b | 2.4 b | 2.4 b | 2.6 b | 2.6 b |
Total Equity | 1.7 b | 1.7 b | 1.8 b | 1.9 b | 2 b | 2.2 b | 2.4 b | 2.5 b | 2.5 b | 2.5 b | 2.6 b |
Financial Leverage | 2 x | 2.1 x | 2.1 x | 2.2 x | 2.1 x | 2.2 x | 2.4 x | 2.4 x | 2.3 x | 2.5 x | 2.5 x |
Harman International Cash Flow
Annual
| 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 | |
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 |
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 46.5 m | 71.6 m | 73.4 m | 82.9 m | 116.2 m | 70.2 m | 87.5 m | 113.2 m | 88.8 m | 103.1 m | 99.4 m |
Inventories | 655 m | 745.7 m | 724.2 m | 726.4 m | 846.3 m | 875.4 m | 840.2 m | 831.9 m | 787.6 m | ||
Accounts Payable | 664.7 m | 746.5 m | 789.9 m | 809.8 m | 870.4 m | 882.4 m | 782 m | 940.4 m | 1 b |
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