Harman Revenue
Harman revenue was $6.91 b in FY, 2016 which is a 12.3% year over year increase from the previous period.
Summary - Funding Rounds
Founding Date | 1980 |
Investors | Bessemer Venture Partners |
Harman is a subsidiary of Samsung Electronics
Harman Revenue Breakdown
Harman revenue breakdown by business segment: 14.6% from Professional Solutions, 44.6% from Connected Car, 30.8% from Lifestyle Audio, 10.0% from Connected Services and 0.0% from Other
Harman Income Statement
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Revenue | 5.3b | 6.2b | 6.9b |
Revenue growth, % | 15% | 12% | |
Cost of goods sold | 3.9b | 4.3b | 4.8b |
Gross profit | 1.5b | 1.8b | 2.1b |
Gross profit Margin, % | 27% | 30% | 30% |
General and administrative expense | 1.1b | 1.3b | 1.5b |
Operating expense total | 1.1b | 1.3b | 1.5b |
EBIT | 329.7m | 469.6m | 580.0m |
EBIT margin, % | 6% | 8% | 8% |
Interest expense | 8.0m | 13.9m | 33.5m |
Pre tax profit | 307.4m | 446.3m | 530.5m |
Income tax expense | 72.6m | 103.3m | 168.1m |
Net Income | 234.6m | 343.0m | 362.5m |
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 | 1.2b | 1.3b | 1.4b | 1.4b | 1.6b | 1.5b | 1.6b | 1.8b | 1.6b | 1.8b | 1.9b |
Cost of goods sold | 850.2m | 948.6m | 1.0b | 1.0b | 1.1b | 1.0b | 1.1b | 1.2b | 1.1b | 1.2b | 1.3b |
Gross profit | 321.6m | 379.5m | 364.8m | 414.6m | 493.2m | 418.1m | 487.4m | 545.1m | 492.9m | 541.3m | 608.0m |
Gross profit Margin, % | 27% | 29% | 26% | 29% | 31% | 29% | 30% | 31% | 30% | 31% | 31% |
General and administrative expense | 252.3m | 277.6m | 263.3m | 298.8m | 344.4m | 326.6m | 355.9m | 385.9m | 357.5m | 390.5m | 433.9m |
Operating expense total | 252.3m | 277.6m | 263.3m | 298.8m | 344.4m | 326.6m | 355.9m | 385.9m | 357.5m | 390.5m | 433.9m |
EBIT | 69.4m | 101.9m | 101.4m | 115.8m | 148.8m | 91.5m | 131.5m | 159.2m | 135.4m | 150.8m | 174.0m |
EBIT margin, % | 6% | 8% | 7% | 8% | 9% | 6% | 8% | 9% | 8% | 9% | 9% |
Interest expense | 2.0m | 1.9m | 2.1m | 2.7m | 2.2m | 3.0m | 8.3m | 7.7m | 8.6m | 9.3m | 9.2m |
Pre tax profit | 65.2m | 95.1m | 95.9m | 110.7m | 145.3m | 89.6m | 121.1m | 146.2m | 120.2m | 139.6m | 160.5m |
Income tax expense | 18.7m | 23.5m | 22.4m | 27.8m | 29.1m | 19.3m | 33.5m | 33.1m | 31.4m | 37.4m | 60.9m |
Net Income | 46.5m | 71.6m | 73.4m | 82.9m | 116.2m | 70.2m | 87.5m | 113.2m | 88.8m | 103.1m | 99.4m |
Harman Balance Sheet
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Cash | 581.3m | 649.5m | 602.3m |
Accounts Receivable | 894.6m | 1.0b | 1.1b |
Inventories | 662.1m | 693.6m | 706.1m |
Current Assets | 2.5b | 2.9b | 2.9b |
PP&E | 509.9m | 552.4m | 593.3m |
Goodwill | 541.0m | 1.3b | 1.5b |
Total Assets | 4.1b | 5.9b | 6.1b |
Accounts Payable | 697.6m | 918.9m | 867.3m |
Short-term debt | 39.4m | 5.6m | (86.6m) |
Current Liabilities | 1.5b | 2.1b | 1.8b |
Long-term debt | 519.4m | 1.1b | 1.3b |
Total Debt | 558.8m | 1.1b | 1.2b |
Total Liabilities | 2.3b | 3.5b | 3.6b |
Common Stock | 984.0k | 1.0m | 1.0m |
Additional Paid-in Capital | 1.0b | 1.4b | 1.4b |
Retained Earnings | 2.0b | 2.2b | 2.5b |
Total Equity | 1.8b | 2.4b | 2.5b |
Debt to Equity Ratio | 0.3 x | 0.5 x | 0.5 x |
Debt to Assets Ratio | 0.1 x | 0.2 x | 0.2 x |
Financial Leverage | 2.3 x | 2.5 x | 2.5 x |
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|
Cash | 397.8m | 510.3m | 592.4m | 402.2m | 437.5m | 360.4m | 511.7m | 683.4m |
Accounts Receivable | 907.0m | 908.2m | 952.7m | 1.0b | 1.0b | 1.1b | 1.2b | 1.2b |
Inventories | 745.7m | 724.2m | 726.4m | 846.3m | 875.4m | 840.2m | 831.9m | 787.6m |
Current Assets | 2.4b | 2.5b | 2.7b | 2.9b | 2.9b | 2.8b | 3.0b | 3.3b |
PP&E | 491.1m | 475.2m | 462.9m | 547.1m | 555.3m | 576.8m | 595.3m | 579.0m |
Goodwill | 526.0m | 530.9m | 710.6m | 1.3b | 1.3b | 1.4b | 1.5b | 1.5b |
Total Assets | 4.1b | 4.2b | 4.7b | 5.8b | 5.8b | 5.8b | 6.2b | 6.3b |
Accounts Payable | 746.5m | 789.9m | 809.8m | 870.4m | 882.4m | 782.0m | 940.4m | 1.0b |
Short-term debt | 37.5m | 39.4m | 4.5m | 4.4m | 4.2m | 59.7m | 55.5m | |
Current Liabilities | 1.5b | 1.6b | 1.7b | 2.1b | 2.0b | 1.7b | 1.9b | 2.0b |
Long-term debt | 210.0m | 198.8m | 25.0k | 797.6m | 786.4m | 803.8m | 791.6m | 766.6m |
Total Debt | 247.5m | 238.2m | 25.0k | 802.1m | 790.8m | 808.0m | 851.3m | 822.1m |
Total Liabilities | 2.2b | 2.2b | 2.6b | 3.4b | 3.4b | 3.3b | 3.7b | 3.8b |
Common Stock | 988.0k | 989.0k | 992.0k | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m |
Preferred Stock | ||||||||
Additional Paid-in Capital | 1.0b | 1.1b | 161.1m | 1.4b | 1.4b | 1.4b | 1.4b | 1.5b |
Retained Earnings | 2.0b | 2.1b | 2.2b | 2.3b | 2.4b | 2.4b | 2.6b | 2.6b |
Total Equity | 1.9b | 2.0b | 2.2b | 2.4b | 2.5b | 2.5b | 2.5b | 2.6b |
Debt to Equity Ratio | 0.1 x | 0.1 x | 0 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x |
Debt to Assets Ratio | 0.1 x | 0.1 x | 0 x | 0.1 x | 0.1 x | 0.1 x | 0.1 x | 0.1 x |
Financial Leverage | 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 Cash Flow
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Net Income | 234.6m | 343.0m | 362.5m |
Depreciation and Amortization | 132.3m | 169.2m | 224.0m |
Accounts Receivable | (114.4m) | (138.3m) | (145.7m) |
Inventories | (67.4m) | (89.2m) | (15.2m) |
Accounts Payable | 148.0m | 273.6m | (44.7m) |
Cash From Operating Activities | 592.1m | 552.6m | 446.5m |
Capital Expenditures | (157.1m) | (192.5m) | (198.5m) |
Cash From Investing Activities | (612.1m) | (738.5m) | (425.9m) |
Short-term Borrowings | (1.2m) | (2.6m) | (994.0k) |
Long-term Borrowings | (30.0m) | (673.5m) | (41.1m) |
Dividends Paid | (83.1m) | (92.6m) | (100.7m) |
Cash From Financing Activities | 136.6m | 305.2m | (57.6m) |
Net Change in Cash | 127.1m | 68.2m | (47.2m) |
Free Cash Flow | 435.0m | 360.1m | 248.1m |
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|
Net Income | 82.9m | 199.1m | 269.3m | 87.5m | 200.7m | 289.5m | 103.1m | 202.6m |
Depreciation and Amortization | 37.4m | 74.5m | 114.8m | 56.8m | 114.8m | 165.8m | 51.2m | 103.8m |
Accounts Receivable | (45.0m) | (67.2m) | (142.8m) | (31.1m) | (32.6m) | (63.1m) | (37.7m) | (99.6m) |
Inventories | (110.2m) | (105.7m) | (139.1m) | (160.0m) | (197.8m) | (145.4m) | (122.8m) | (98.7m) |
Accounts Payable | 73.6m | 133.7m | 182.5m | (45.9m) | (21.1m) | (138.8m) | 68.8m | 158.8m |
Cash From Operating Activities | 13.7m | 224.0m | 305.4m | (152.3m) | 19.8m | 81.5m | 69.6m | 310.5m |
Capital Expenditures | (35.0m) | (62.8m) | (108.5m) | (37.8m) | (87.4m) | (139.8m) | (33.5m) | (71.1m) |
Cash From Investing Activities | (30.4m) | (62.1m) | (221.4m) | (34.7m) | (86.9m) | (364.0m) | (49.0m) | (87.3m) |
Long-term Borrowings | (107.5m) | (141.9m) | (543.6m) | (26.1m) | (26.3m) | (35.1m) | (40.5m) | (91.2m) |
Dividends Paid | (22.5m) | (45.9m) | (68.6m) | |||||
Cash From Financing Activities | (143.5m) | (197.1m) | (14.5m) | (97.6m) | (133.1m) | (2.7m) | (113.2m) | (129.1m) |
Net Change in Cash | (183.5m) | (71.0m) | 11.0m | (247.4m) | (212.0m) | (289.1m) | (90.6m) | 81.1m |
Interest Paid | 1.9m | 8.3m | 6.4m | 1.7m | 10.7m | 12.4m | 2.7m | 12.9m |
Income Taxes Paid | 1.4m | 4.3m | 13.3m | 9.3m | 45.9m | 78.0m | 30.9m | 78.0m |
Free Cash Flow | (21.3m) | 161.2m | 196.9m | (190.1m) | (67.6m) | (58.4m) | 36.0m | 239.4m |
