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 | 5.3b | 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 | 1.5b | ||
Operating expense total | 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 |
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 International Balance Sheet
Annual
| usd | Y, 2010 | Y, 2011 | Y, 2012 | Y, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|
Cash | 645.6m | 603.9m | 617.4m | 454.3m | 581.3m | 649.5m | 602.3m |
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 | 35.6m | 4.6m | 86.6m | ||||
Current Liabilities | 1.5b | 2.1b | 1.8b | ||||
Long-term debt | 219.4m | 797.5m | 793.5m | ||||
Total Debt | 255.0m | 802.1m | 880.1m | ||||
Total Liabilities | 3.6b | ||||||
Common Stock | 984.0k | 1.0m | 1.0m | ||||
Preferred Stock | |||||||
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 | 0.1 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 | 515.4m | 518.6m | 566.9m | 397.8m | 510.3m | 592.4m | 402.2m | 437.5m | 360.4m | 511.7m | 683.4m |
Inventories | 614.3m | 655.9m | 655.0m | 745.7m | 724.2m | 726.4m | 846.3m | 875.4m | 840.2m | 831.9m | 787.6m |
Current Assets | 2.3b | 2.3b | 2.5b | 2.4b | 2.5b | 2.7b | 2.9b | 2.9b | 2.8b | 3.0b | 3.3b |
PP&E | 431.8m | 437.7m | 445.1m | 491.1m | 475.2m | 462.9m | 547.1m | 555.3m | 576.8m | 595.3m | 579.0m |
Goodwill | 237.0m | 251.4m | 257.6m | 526.0m | 530.9m | 710.6m | 1.3b | 1.3b | 1.4b | 1.5b | 1.5b |
Total Assets | 3.4b | 3.5b | 3.7b | 4.1b | 4.2b | 4.7b | 5.8b | 5.8b | 5.8b | 6.2b | 6.3b |
Accounts Payable | 585.4m | 616.5m | 664.7m | 746.5m | 789.9m | 809.8m | 870.4m | 882.4m | 782.0m | 940.4m | 1.0b |
Short-term debt | 30.0m | 30.0m | 33.8m | 37.5m | 39.4m | 4.5m | 4.4m | 4.2m | 59.7m | 55.5m | |
Current Liabilities | 1.2b | 1.3b | 1.4b | 1.5b | 1.6b | 1.7b | 2.1b | 2.0b | 1.7b | 1.9b | 2.0b |
Long-term debt | 247.5m | 240.0m | 228.8m | 210.0m | 198.8m | 25.0k | 797.6m | 786.4m | 803.8m | 791.6m | 766.6m |
Total Debt | 277.5m | 270.0m | 262.5m | 247.5m | 238.2m | 25.0k | 802.1m | 790.8m | 808.0m | 851.3m | 822.1m |
Total Liabilities | 1.8b | 1.8b | 1.9b | 2.2b | 2.2b | 2.6b | 3.4b | 3.4b | 3.3b | 3.7b | 3.8b |
Common Stock | 978.0k | 980.0k | 983.0k | 988.0k | 989.0k | 992.0k | 1.0m | 1.0m | 1.0m | 1.0m | 1.0m |
Preferred Stock | |||||||||||
Additional Paid-in Capital | 984.4m | 1.0b | 1.0b | 1.0b | 1.1b | 161.1m | 1.4b | 1.4b | 1.4b | 1.4b | 1.5b |
Retained Earnings | 1.9b | 1.9b | 2.0b | 2.0b | 2.1b | 2.2b | 2.3b | 2.4b | 2.4b | 2.6b | 2.6b |
Total Equity | 1.7b | 1.7b | 1.8b | 1.9b | 2.0b | 2.2b | 2.4b | 2.5b | 2.5b | 2.5b | 2.6b |
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 | 234.6m | 343.0m | 362.5m |
Inventories | (67.4m) | (89.2m) | |
Accounts Payable | 148.0m | 273.6m | |
Cash From Operating Activities | 592.1m | 552.6m | |
Cash From Investing Activities | (612.1m) | (738.5m) | |
Long-term Borrowings | (30.0m) | (552.3m) | |
Cash From Financing Activities | 136.6m | 305.2m | |
Free Cash Flow | 749.3m | 745.1m |
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 | 46.5m | 71.6m | 73.4m | 82.9m | 116.2m | 70.2m | 87.5m | 113.2m | 88.8m | 103.1m | 99.4m |
Inventories | 655.0m | 745.7m | 724.2m | 726.4m | 846.3m | 875.4m | 840.2m | 831.9m | 787.6m | ||
Accounts Payable | 664.7m | 746.5m | 789.9m | 809.8m | 870.4m | 882.4m | 782.0m | 940.4m | 1.0b |
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