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Harman financials

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	Bessemer Venture Partners

Harman is a subsidiary of Samsung Electronics

Harman Revenue Breakdown

Business Segment

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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

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
EPS	3.4	4.8	5.0

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
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

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

USD	FY, 2014
Debt/Equity	0.3 x
Debt/Assets	0.1 x
Financial Leverage	2.3 x

	FY, 2014	FY, 2015	FY, 2016	Oct, 2020
Automotive Partners				24
Backlog	$30.7 m	$79.6 m	$197.5 m
Patent Applications	2.01 k	2.21 k	2.49 k
Patents Issued	3.64 k	3.46 k	3.67 k
Trademarks	2.2 k	2.28 k	2.42 k
Trademarks Pending	371	360	477
Vehicles Covered				25 m