Harman Revenue

Harman revenue was $6.91 b in FY, 2016 which is a 12.3% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

1980

Investors

Harman is a subsidiary of Samsung Electronics

Harman Revenue Breakdown

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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

USDFY, 2014FY, 2015FY, 2016

Revenue

5.3b6.2b6.9b

Revenue growth, %

15%12%

Cost of goods sold

3.9b4.3b4.8b

Gross profit

1.5b1.8b2.1b

Gross profit Margin, %

27%30%30%

General and administrative expense

1.1b1.3b1.5b

Operating expense total

1.1b1.3b1.5b

EBIT

329.7m469.6m580.0m

EBIT margin, %

6%8%8%

Interest expense

8.0m13.9m33.5m

Pre tax profit

307.4m446.3m530.5m

Income tax expense

72.6m103.3m168.1m

Net Income

234.6m343.0m362.5m

Harman Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

581.3m649.5m602.3m

Accounts Receivable

894.6m1.0b1.1b

Inventories

662.1m693.6m706.1m

Current Assets

2.5b2.9b2.9b

PP&E

509.9m552.4m593.3m

Goodwill

541.0m1.3b1.5b

Total Assets

4.1b5.9b6.1b

Accounts Payable

697.6m918.9m867.3m

Short-term debt

39.4m5.6m(86.6m)

Current Liabilities

1.5b2.1b1.8b

Long-term debt

519.4m1.1b1.3b

Total Debt

558.8m1.1b1.2b

Total Liabilities

2.3b3.5b3.6b

Common Stock

984.0k1.0m1.0m

Additional Paid-in Capital

1.0b1.4b1.4b

Retained Earnings

2.0b2.2b2.5b

Total Equity

1.8b2.4b2.5b

Debt to Equity Ratio

0.3 x0.5 x0.5 x

Debt to Assets Ratio

0.1 x0.2 x0.2 x

Financial Leverage

2.3 x2.5 x2.5 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

397.8m510.3m592.4m402.2m437.5m360.4m511.7m683.4m

Accounts Receivable

907.0m908.2m952.7m1.0b1.0b1.1b1.2b1.2b

Inventories

745.7m724.2m726.4m846.3m875.4m840.2m831.9m787.6m

Current Assets

2.4b2.5b2.7b2.9b2.9b2.8b3.0b3.3b

PP&E

491.1m475.2m462.9m547.1m555.3m576.8m595.3m579.0m

Goodwill

526.0m530.9m710.6m1.3b1.3b1.4b1.5b1.5b

Total Assets

4.1b4.2b4.7b5.8b5.8b5.8b6.2b6.3b

Accounts Payable

746.5m789.9m809.8m870.4m882.4m782.0m940.4m1.0b

Short-term debt

37.5m39.4m4.5m4.4m4.2m59.7m55.5m

Current Liabilities

1.5b1.6b1.7b2.1b2.0b1.7b1.9b2.0b

Long-term debt

210.0m198.8m25.0k797.6m786.4m803.8m791.6m766.6m

Total Debt

247.5m238.2m25.0k802.1m790.8m808.0m851.3m822.1m

Total Liabilities

2.2b2.2b2.6b3.4b3.4b3.3b3.7b3.8b

Common Stock

988.0k989.0k992.0k1.0m1.0m1.0m1.0m1.0m

Preferred Stock

Additional Paid-in Capital

1.0b1.1b161.1m1.4b1.4b1.4b1.4b1.5b

Retained Earnings

2.0b2.1b2.2b2.3b2.4b2.4b2.6b2.6b

Total Equity

1.9b2.0b2.2b2.4b2.5b2.5b2.5b2.6b

Debt to Equity Ratio

0.1 x0.1 x0 x0.3 x0.3 x0.3 x0.3 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0 x0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

2.2 x2.1 x2.2 x2.4 x2.4 x2.3 x2.5 x2.5 x

Harman Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

234.6m343.0m362.5m

Depreciation and Amortization

132.3m169.2m224.0m

Accounts Receivable

(114.4m)(138.3m)(145.7m)

Inventories

(67.4m)(89.2m)(15.2m)

Accounts Payable

148.0m273.6m(44.7m)

Cash From Operating Activities

592.1m552.6m446.5m

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

136.6m305.2m(57.6m)

Net Change in Cash

127.1m68.2m(47.2m)

Free Cash Flow

435.0m360.1m248.1m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

82.9m199.1m269.3m87.5m200.7m289.5m103.1m202.6m

Depreciation and Amortization

37.4m74.5m114.8m56.8m114.8m165.8m51.2m103.8m

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

73.6m133.7m182.5m(45.9m)(21.1m)(138.8m)68.8m158.8m

Cash From Operating Activities

13.7m224.0m305.4m(152.3m)19.8m81.5m69.6m310.5m

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

1.9m8.3m6.4m1.7m10.7m12.4m2.7m12.9m

Income Taxes Paid

1.4m4.3m13.3m9.3m45.9m78.0m30.9m78.0m

Free Cash Flow

(21.3m)161.2m196.9m(190.1m)(67.6m)(58.4m)36.0m239.4m

Harman Operating Metrics

FY, 2014FY, 2015FY, 2016Apr, 2019

Automotive Partners

24

Backlog

$30.70 m$79.60 m$197.50 m

Patent Applications

2.01 k2.21 k2.49 k

Patents Issued

3.64 k3.46 k3.67 k

Trademarks

2.20 k2.28 k2.42 k

Trademarks Pending

371 360 477

Vehicles Covered

25 m

Harman Employee Rating

3.61881 votes
Culture & Values
3.5
Work/Life Balance
3.6
Senior Management
3.1
Salary & Benefits
3.4
Career Opportunities
3.3
Source