$513.3 M

HLIT Mkt cap, 09-Nov-2018

$100.6 M

Harmonic Revenue Q3, 2018
Harmonic Gross profit (Q3, 2018)50.1 M
Harmonic Gross profit margin (Q3, 2018), %49.8%
Harmonic Net income (Q3, 2018)-7.8 M
Harmonic EBIT (Q3, 2018)-3.7 M
Harmonic Cash, 28-Sep-201861.7 M

Harmonic Revenue Breakdown

Embed Graph

Harmonic revenue breakdown by business segment: 13.4% from Cable Edge and 86.6% from Video

Harmonic Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

461.9m433.6m377.0m405.9m358.2m

Revenue growth, %

(6%)(13%)8%

Cost of goods sold

241.5m172.3m174.3m205.2m188.4m

Gross profit

220.4m261.3m202.7m200.8m169.8m

Gross profit Margin, %

48%60%54%49%47%

R&D expense

99.9m87.5m98.4m96.0m

General and administrative expense

134.0m121.0m144.4m136.3m

Operating expense total

243.5m215.7m267.8m240.7m

Depreciation and amortization

8.1m5.8m10.4m3.1m

EBIT

(23.0m)(21.6m)(12.9m)(67.0m)(70.9m)

EBIT margin, %

(5%)(5%)(3%)(17%)(20%)

Interest expense

333.0k10.6m11.1m

Interest income

219.0k

Pre tax profit

(23.2m)(21.8m)(16.1m)(80.4m)(84.7m)

Income tax expense

(44.7m)24.5m(407.0k)(8.1m)(1.8m)

Net Income

37.0m(46.2m)(15.7m)(72.3m)(83.0m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

122.9m108.0m109.6m108.1m104.0m103.1m83.3m81.8m109.6m101.4m82.9m82.3m92.0m90.1m99.2m100.6m

Cost of goods sold

66.1m55.7m59.8m54.6m49.0m48.7m37.1m41.2m58.5m50.0m42.5m48.5m45.0m42.9m47.6m50.5m

Gross profit

56.8m52.3m49.8m53.4m55.0m54.4m46.2m40.7m51.0m51.4m40.4m33.8m47.0m47.2m51.6m50.1m

Gross profit Margin, %

46%48%45%49%53%53%55%50%47%51%49%41%51%52%52%50%

R&D expense

24.6m23.9m23.5m22.8m22.3m21.8m21.7m23.6m26.5m24.2m24.9m27.1m21.3m23.5m21.5m22.3m

General and administrative expense

32.5m33.5m33.0m32.1m31.2m31.3m29.0m32.9m36.5m36.1m34.6m32.6m37.1m31.2m28.0m29.7m

Operating expense total

59.3m59.5m58.5m57.0m55.0m54.7m52.5m61.4m69.2m63.3m61.6m61.2m61.2m56.5m51.0m53.8m

Depreciation and amortization

2.0m2.0m1.7m1.7m1.4m1.4m2.4m4.2m3.0m774.0k780.0k793.0k804.0k800.0k792.0k

EBIT

(2.6m)(7.2m)(8.6m)(3.5m)13.0k(343.0k)(6.3m)(18.1m)(11.9m)(21.2m)(27.4m)(14.2m)(9.3m)642.0k(3.7m)

EBIT margin, %

(2%)(7%)(8%)(3%)0%0%(8%)(17%)(12%)(26%)(33%)(15%)(10%)1%(4%)

Interest expense

2.4m2.7m2.7m2.6m2.7m2.8m2.8m2.9m2.9m

Interest income

47.0k77.0k67.0k47.0k17.0k30.0k

Pre tax profit

(2.3m)(7.1m)(8.7m)(3.8m)(2.9m)(267.0k)(6.1m)(24.7m)(20.4m)(16.3m)(24.3m)(30.9m)(17.5m)(12.6m)(2.0m)(6.9m)

Income tax expense

(39.0m)(1.7m)28.4m(4.8m)727.0k(1.3m)518.0k242.0k(242.0k)(232.0k)579.0k(1.9m)1.1m891.0k870.0k

Net Income

36.8m(5.4m)(37.1m)1.1m(2.7m)(994.0k)(4.8m)(25.2m)(20.7m)(16.0m)(24.0m)(31.5m)(15.6m)(13.7m)(2.9m)(7.8m)

Harmonic Balance Sheet

Annual

usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

152.5m96.5m91.0m96.7m90.3m73.0m126.2m55.6m57.0m

Accounts Receivable

75.1m74.1m69.5m86.8m69.8m

Inventories

36.9m32.7m38.8m41.2m26.0m

Current Assets

328.7m232.7m286.1m216.8m171.8m

PP&E

34.9m27.2m27.0m32.2m29.3m

Goodwill

198.0m197.9m197.8m237.3m242.8m

Total Assets

606.1m480.5m525.0m554.1m508.1m

Accounts Payable

22.4m15.3m19.4m28.9m33.1m

Short-term debt

Current Liabilities

85.1m89.9m84.9m144.9m142.1m

Long-term debt

Total Debt

Total Liabilities

111.9m196.8m283.4m289.7m

Additional Paid-in Capital

2.3b2.3b2.2b2.3b2.3b

Retained Earnings

(1.8b)(1.9b)(1.9b)(2.0b)(2.1b)

Total Equity

328.2m270.6m218.3m

Financial Leverage

1.6 x2 x2.3 x

Harmonic Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

37.0m(46.2m)(15.7m)(72.3m)(83.0m)

Depreciation and Amortization

44.0m6.8m19.7m33.7m22.9m

Accounts Receivable

9.9m(1.0m)2.6m(2.6m)12.6m

Inventories

13.3m1.6m(6.0m)(4.1m)11.7m

Accounts Payable

(3.4m)56.0k4.7m5.8m3.4m

Cash From Operating Activities

53.8m47.4m6.4m438.0k3.1m

Purchases of PP&E

(14.6m)(10.1m)(14.4m)(15.1m)(11.4m)

Cash From Investing Activities

51.1m27.8m(10.4m)(70.5m)(4.2m)

Cash From Financing Activities

(111.2m)(92.0m)57.5m(152.0k)895.0k

Harmonic Ratios

USDY, 2018

Financial Leverage

2.3 x
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Harmonic Operating Metrics

Harmonic's Backlog was reported to be $188.4m in FY, 2016.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2016Q2, 2016Q3, 2016FY, 2015Q1, 2017FY, 2016

Backlog

$128.70 m$120.10 m$188.40 m

Patent Applications

22 22 22 23 22 78 90 30 80 78

Patents (US)

53 54 54 55 55 69 69 59 73 71

Patents (foreign)

33 33 33 34 34 42 42 35 44 44

Satellite Operators

100 100 100
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Harmonic Employee Rating

3.0129 votes
Culture & Values
3.2
Work/Life Balance
3.5
Senior Management
2.4
Salary & Benefits
3.3
Career Opportunities
2.5
Source