Harmonic Inc. (NASDAQ:HLIT)

Stock Price: $14.21

-0.14 (-0.98%)

Updated Feb 7, 2023 09:00 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	1.50B
Revenue	616.43M
Gross Profit	308.13M
Shares Out	105.44M
EPS (ttm)	0.3781
PE Ratio	36.1032
Forward PE	19.1589
Dividend Rate (ttm)	0.0000
Dividend Yield	0.0000

Trading Day	Feb 7
Last Price	$14.21
Previous Close	$14.35
Change ($)	-0.14
Change (%)	-0.98%
Day's Open	14.28
Day's Range	13.915 - 14.35
Day's Volume	1.36M
52 Week Range	8.25 - 15.8

About Harmonic Inc.

Harmonic, the worldwide leader in virtualized cable access and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices.

Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen.

News

Little-known Harmonic stock has returned strongly this year. Here is the next level to buy it November 8, 2022

Should you buy Harmonic Inc. after a breakout to a new high? September 29, 2022

Quick info

Country

United States

Industry

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing

Sector

Manufacturing

Employees

1,267

CEO

Patrick Harshman

Address

4300 N 1st St
San Jose
California
95134-1258

Phone

14084906242

Website

www.harmonicinc.com

Ticker Symbol

HLIT

Exchange

NASDAQ Stock Exchange

Reporting Currency

USD

Harmonic Inc. income statements (2022) (USD)

	August 2022	May 2022	February 2022
Total Revenue	157.45M	147.44M	155.80M
Cost of Revenue	75.05M	78.26M	77.87M
Gross Profit	82.40M	69.18M	77.94M
Research & Development	29.92M	28.83M	27.37M
Selling General & Admin	36.77M	36.64M	35.36M
Operating Expense	141.73M	143.73M	140.59M
Operating Income	15.71M	3.71M	15.21M
Other Income Expense Net	0	0	0
EBIT	15.71M	3.71M	15.21M
Interest Income	1.39M	1.43M	2.71M
Pretax Income	17.96M	1.17M	12.47M
Income Tax	3.12M	2.69M	-7.39M
Minority Interest	0	0	0
Net Income	14.84M	-1.53M	19.86M
Net Income Basic	14.84M	-1.53M	19.86M

Harmonic Inc. income statements (2021) (USD)

	November 2021	August 2021	May 2021	March 2021
Total Revenue	126.32M	113.45M	111.58M	131.53M
Cost of Revenue	60.17M	52.94M	56.43M	59.97M
Gross Profit	66.15M	60.51M	55.15M	71.56M
Research & Development	26.55M	24.78M	23.53M	20.67M
Selling General & Admin	34.23M	33.59M	34.91M	32.62M
Operating Expense	120.95M	111.31M	115.38M	114M
Operating Income	5.37M	2.14M	-3.8M	17.53M
Other Income Expense Net	0	0	0	0
EBIT	5.37M	2.14M	-3.8M	17.53M
Interest Income	2.69M	2.63M	2.60M	2.74M
Pretax Income	2.47M	-641K	-5.43M	13.43M
Income Tax	0.94M	1.37M	696K	-39K
Minority Interest	0	0	0	0
Net Income	1.53M	-2.01M	-6.12M	13.47M
Net Income Basic	1.53M	-2.01M	-6.12M	13.47M

Harmonic Inc. income statements (2020) (USD)

	November 2020	September 2020	June 2020	March 2020	March 2020
Total Revenue	94.89M	94.89M	73.99M	78.42M	78.42M
Cost of Revenue	45.97M	46.72M	36.96M	42.52M	42.52M
Gross Profit	48.92M	48.17M	37.03M	35.90M	35.90M
Research & Development	20.21M	20.21M	19.50M	22.12M	22.12M
Selling General & Admin	28.77M	28.77M	27.01M	31.22M	31.22M
Operating Expense	95.70M	95.70M	83.46M	95.86M	95.86M
Operating Income	-807K	-807K	-9.47M	-17.45M	-17.45M
Other Income Expense Net	0	-3.79M	-4.35M	-3.78M	-3.78M
EBIT	-807K	-807K	-9.47M	-17.45M	-17.45M
Interest Income	2.81M	2.81M	3.06M	2.90M	2.90M
Pretax Income	-4.6M	-4.6M	-13.82M	-21.23M	-21.23M
Income Tax	786K	786K	1.58M	729K	729K
Minority Interest	0	0	0	0	0
Net Income	-5.38M	-5.38M	-15.4M	-21.95M	-21.95M
Net Income Basic	-5.38M	-5.38M	-15.4M	-21.95M	-21.95M

Harmonic Inc. income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	122.18M	115.73M	84.87M	80.11M
Cost of Revenue	60.60M	40.64M	41.63M	38.74M
Gross Profit	61.58M	75.09M	43.24M	41.36M
Research & Development	21.70M	20.20M	21.31M	21.40M
Selling General & Admin	30.56M	31.15M	29.32M	28.01M
Operating Expense	112.86M	91.98M	92.26M	88.16M
Operating Income	9.32M	23.74M	-7.4M	-8.05M
Other Income Expense Net	-5.4M	-11.48M	-3.75M	-3.58M
EBIT	9.32M	23.74M	-7.4M	-8.05M
Interest Income	2.79M	3M	2.96M	2.91M
Pretax Income	3.92M	12.26M	-11.15M	-11.63M
Income Tax	-1.65M	603K	697K	-319K
Minority Interest	0	0	0	0
Net Income	5.57M	11.66M	-11.85M	-11.31M
Net Income Basic	5.57M	11.66M	-11.85M	-11.31M

Harmonic Inc. income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	113.66M	100.62M	99.16M	90.13M
Cost of Revenue	54.15M	51.30M	48.24M	42.99M
Gross Profit	59.50M	49.32M	50.92M	47.14M
Research & Development	21.91M	22.25M	21.54M	23.46M
Selling General & Admin	30.08M	29.72M	27.99M	31.16M
Operating Expense	106.14M	103.27M	97.77M	97.61M
Operating Income	7.51M	-2.66M	1.39M	-7.48M
Other Income Expense Net	-2.93M	-4.23M	-3.41M	-5.14M
EBIT	7.51M	-2.66M	1.39M	-7.48M
Interest Income	2.91M	2.87M	2.86M	2.76M
Pretax Income	4.58M	-6.89M	-2.02M	-12.62M
Income Tax	1.25M	870K	891K	1.08M
Minority Interest	0	0	0	0
Net Income	3.33M	-7.76M	-2.91M	-13.69M
Net Income Basic	3.33M	-7.76M	-2.91M	-13.69M

Harmonic Inc. income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	100.97M	92.01M	82.32M
Cost of Revenue	53.25M	45.23M	49M
Gross Profit	47.72M	46.78M	33.31M
Research & Development	22.75M	21.29M	27.06M
Selling General & Admin	29.81M	31M	32.16M
Operating Expense	105.81M	97.53M	108.22M
Operating Income	-4.84M	-5.51M	-25.9M
Other Income Expense Net	-7.19M	-11.99M	-5.02M
EBIT	-4.84M	-5.51M	-25.9M
Interest Income	3.01M	2.79M	2.68M
Pretax Income	-12.03M	-17.5M	-30.92M
Income Tax	-184K	-1.92M	579K
Minority Interest	0	0	0
Net Income	-11.85M	-15.58M	-31.5M
Net Income Basic	-11.85M	-15.58M	-31.5M

Harmonic Inc. balance sheet (2022) (USD)

	August 2022	May 2022	February 2022
Current Cash	121.82M	100.74M	133.43M
Receivables	106.35M	115.59M	88.53M
Inventory	82.64M	81.82M	71.20M
Current Assets	338.43M	325.40M	323.13M
Other Current Assets	27.62M	27.25M	29.97M
Short Term Investments	27.62M	27.25M	29.97M
Long Term Investments	360.03M	375.05M	370.56M
Property/Plant Equipment	41.60M	42.58M	42.72M
Good Will	N.A	N.A	N.A
Intangible Assets	0	0	0
Tangible Assets (Net)	59.91M	45.02M	55.70M
Other Assets	54.32M	63.28M	56.66M
Total Assets	698.46M	700.45M	693.69M
Accounts Payable	38.52M	52.52M	64.43M
Other Current Liabilities	141.16M	135.91M	118.22M
Total Current Liabilities	221.98M	230.86M	224.46M
Total Liabilities	401.62M	415.79M	397.77M
Long Term Debt	124.60M	126.06M	112.81M
Current Long Term Debt	42.31M	42.42M	41.82M
Minority Interest	0	0	0
Common Stock	104.63M	103.99M	102.75M
Treasury Stock	0	0	0
Retained Earnings	-2.06B	-2.07B	-2.09B
Capital Surplus	N.A	N.A	N.A
Shareholder Equity	296.84M	284.65M	295.91M
Other Liabilities	N.A	N.A	N.A

Harmonic Inc. balance sheet (2021) (USD)

	November 2021	August 2021	May 2021	March 2021
Current Cash	128.43M	115.18M	100.78M	98.65M
Receivables	75.44M	100.60M	85.70M	66.23M
Inventory	51.86M	43.03M	35.54M	35.03M
Current Assets	291.18M	301.12M	260.67M	238.04M
Other Current Assets	35.44M	42.31M	38.65M	38.13M
Short Term Investments	35.44M	42.31M	38.65M	38.13M
Long Term Investments	352.69M	350.12M	349.04M	353.49M
Property/Plant Equipment	43.85M	44.37M	43.14M	43.14M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	0	0	0	508K
Tangible Assets (Net)	32.38M	25.08M	17.92M	14.12M
Other Assets	38.33M	33.32M	38.31M	35.01M
Total Assets	643.87M	651.24M	609.71M	591.52M
Accounts Payable	32.35M	37.63M	36.15M	23.54M
Other Current Liabilities	129.77M	143.07M	114.87M	111.98M
Total Current Liabilities	203.74M	186.37M	192.57M	147.30M
Total Liabilities	370.19M	383.92M	349.94M	333.22M
Long Term Debt	112.22M	146.53M	111.86M	139.59M
Current Long Term Debt	41.62M	5.68M	41.55M	11.77M
Minority Interest	0	0	0	0
Common Stock	102.10M	101.22M	99.87M	98.02M
Treasury Stock	0	0	0	0
Retained Earnings	-2.11B	-2.11B	-2.11B	-2.1B
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	273.68M	267.32M	259.77M	258.30M
Other Liabilities	N.A	N.A	N.A	N.A

Harmonic Inc. balance sheet (2020) (USD)

	November 2020	September 2020	June 2020	March 2020	March 2020
Current Cash	70.82M	N.A	77.74M	71.71M	71.71M
Receivables	81.35M	81.35M	79.07M	98.86M	98.86M
Inventory	36.80M	36.80M	32.10M	34.85M	34.85M
Current Assets	214.04M	214.04M	202.81M	227.73M	227.73M
Other Current Assets	25.07M	25.07M	13.89M	15.14M	15.14M
Short Term Investments	25.07M	N.A	N.A	N.A	N.A
Long Term Investments	345.38M	N.A	3.59M	3.59M	3.59M
Property/Plant Equipment	41.92M	66.45M	66.63M	63.37M	63.37M
Good Will	N.A	N.A	N.A	N.A	N.A
Intangible Assets	1.26M	1.26M	1.99M	2.79M	2.79M
Tangible Assets (Net)	-8.22M	-6.97M	-334.85M	-326.26M	-326.26M
Other Assets	22.78M	36.25M	14.88M	29.95M	13.65M
Total Assets	559.42M	559.42M	557.52M	576.28M	576.28M
Accounts Payable	31.56M	31.56M	27.24M	45.16M	45.16M
Other Current Liabilities	94.84M	94.02M	94.98M	92.22M	92.22M
Total Current Liabilities	145.77M	145.77M	145.40M	196.73M	196.73M
Total Liabilities	324.97M	324.97M	327.24M	339.95M	339.95M
Long Term Debt	137.81M	137.81M	165.15M	126.98M	126.98M
Current Long Term Debt	19.37M	19.37M	14.18M	50.35M	50.35M
Minority Interest	0	0	0	0	0
Common Stock	2.35B	97.73M	96.86M	96.57M	96.57M
Treasury Stock	0	N.A	N.A	N.A	N.A
Retained Earnings	-2.11B	-2.11B	-2.11B	-2.09B	-2.09B
Capital Surplus	N.A	2.35B	2.34B	2.34B	2.34B
Shareholder Equity	234.46M	234.46M	230.28M	236.32M	236.32M
Other Liabilities	N.A	N.A	N.A	N.A	N.A

Harmonic Inc. balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	93.06M	66.70M	58.06M	69.92M
Receivables	102.47M	107.68M	74.73M	62.64M
Inventory	29.04M	28.97M	27.66M	29.33M
Current Assets	248.73M	227.60M	177.35M	179.75M
Other Current Assets	16.82M	17.08M	16.89M	10.72M
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	3.59M	3.59M	3.59M	3.59M
Property/Plant Equipment	50.42M	46.60M	49.70M	42.59M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	4.46M	6.52M	8.64M	10.70M
Tangible Assets (Net)	-312.59M	-321.78M	-354.16M	-344.62M
Other Assets	13.87M	21.54M	16.34M	8.29M
Total Assets	587.33M	568.21M	526.72M	514.18M
Accounts Payable	40.93M	31.23M	31.85M	25.44M
Other Current Liabilities	90.77M	97.68M	93.58M	90M
Total Current Liabilities	191.90M	146.45M	138.31M	134.10M
Total Liabilities	334.88M	327.16M	314.66M	293.62M
Long Term Debt	127.32M	166M	161.78M	145.14M
Current Long Term Debt	50.09M	6.96M	1.38M	7.12M
Minority Interest	0	0	0	0
Common Stock	91.88M	90.32M	89.07M	88.78M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	-2.07B	-2.08B	-2.09B	-2.08B
Capital Surplus	2.33B	2.32B	2.30B	2.30B
Shareholder Equity	252.45M	241.05M	212.07M	220.56M
Other Liabilities	N.A	N.A	N.A	N.A

Harmonic Inc. balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	N.A	N.A	54.37M	52.33M
Receivables	85.63M	77.99M	82.64M	74.76M
Inventory	25.64M	23.33M	22.99M	25.07M
Current Assets	193.03M	182.50M	171.42M	174.70M
Other Current Assets	8.47M	11.85M	11.31M	15.79M
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	3.59M	3.59M	3.77M	3.59M
Property/Plant Equipment	22.32M	24.15M	25.63M	27.70M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	12.82M	14.94M	17.01M	19.23M
Tangible Assets (Net)	-338.58M	-345.69M	-347.27M	-347.61M
Other Assets	10.51M	12.27M	13.28M	12.87M
Total Assets	510.84M	506.42M	505.78M	516.23M
Accounts Payable	33.78M	29.35M	28.99M	27.57M
Other Current Liabilities	94.35M	99.41M	107.50M	106.83M
Total Current Liabilities	136.41M	137.27M	138.77M	142.44M
Total Liabilities	282.59M	283.40M	285.05M	290.26M
Long Term Debt	127.49M	126.39M	126.02M	125.63M
Current Long Term Debt	7.18M	7.68M	1.72M	7.55M
Minority Interest	0	0	0	0
Common Stock	87.06M	86.69M	85.44M	85.19M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	-2.07B	-2.07B	-2.06B	-2.06B
Capital Surplus	2.30B	2.29B	2.28B	2.28B
Shareholder Equity	228.25M	223.03M	220.74M	225.97M
Other Liabilities	N.A	N.A	N.A	N.A

Harmonic Inc. balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	57.55M	50.84M	53.69M
Receivables	69.84M	71.58M	60.43M
Inventory	25.98M	31.75M	35.13M
Current Assets	167.34M	169.84M	167.15M
Other Current Assets	7.35M	9.19M	11.62M
Short Term Investments	N.A	N.A	N.A
Long Term Investments	4.80M	5M	4.90M
Property/Plant Equipment	29.27M	30.73M	31.62M
Good Will	N.A	N.A	N.A
Intangible Assets	21.28M	23.32M	25.32M
Tangible Assets (Net)	-353.17M	-348.87M	-339.04M
Other Assets	42.55M	21.14M	20.46M
Total Assets	508.06M	511.96M	508.02M
Accounts Payable	33.11M	31.84M	31.32M
Other Current Liabilities	101.13M	105.64M	105.44M
Total Current Liabilities	142.09M	146.32M	145.24M
Total Liabilities	289.72M	291.36M	280.44M
Long Term Debt	124.08M	122.76M	115.23M
Current Long Term Debt	7.61M	7.43M	7.13M
Minority Interest	0	0	0
Common Stock	82.55M	81.61M	80.67M
Treasury Stock	N.A	N.A	N.A
Retained Earnings	-2.06B	-2.05B	-2.03B
Capital Surplus	2.27B	2.27B	2.26B
Shareholder Equity	218.34M	220.60M	227.58M
Other Liabilities	N.A	N.A	N.A

Harmonic Inc. cash flow (2022) (USD)

	August 2022
Net Income	14.84M
Depreciation	3.02M
Changes in Receivables	106.35M
Changes in Inventories	82.64M
Cash Change	121.82M
Cash Flow	21.83M
Capital Expenditures	-3.07M
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	4.90M
Dividends Paid	N.A
Net Borrowings	17.47M
Other Financing Cash Flows	N.A
Cash Flow Financing	-893K
Exchange Rate Effect	N.A

Harmonic Inc. cash flow (2021) (USD)

	November 2021
Net Income	127.30M
Depreciation	20M
Changes in Receivables	473.80M
Changes in Inventories	263.80M
Cash Change	458.90M
Cash Flow	125.40M
Capital Expenditures	-11.2M
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	-0.96B
Dividends Paid	N.A
Net Borrowings	2B
Other Financing Cash Flows	N.A
Cash Flow Financing	593.10M
Exchange Rate Effect	N.A

Harmonic Inc. cash flow (2020) (USD)

	November 2020	September 2020	June 2020	March 2020
Net Income	-5.38M	-5.38M	-15.4M	-21.95M
Depreciation	11.90M	3.90M	3.50M	4.50M
Changes in Receivables	6.57M	-2.28M	19.79M	3.61M
Changes in Inventories	4.71M	-5.27M	2.25M	-6.28M
Cash Change	-6.93M	-6.93M	6.03M	-21.35M
Cash Flow	-2.42M	-3.31M	11.97M	-11.08M
Capital Expenditures	-26.18M	-5.42M	-9.53M	-11.22M
Investments	N.A	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-26.18M	-5.42M	-9.53M	-11.22M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	61.29M	-637K	3.40M	-406K
Other Financing Cash Flows	N.A	-335K	-220K	-829K
Cash Flow Financing	6.20M	1.26M	3.18M	1.77M
Exchange Rate Effect	N.A	550K	413K	-811K

Harmonic Inc. cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	5.57M	11.66M	-11.85M	-11.31M
Depreciation	4.88M	4.84M	4.95M	4.93M
Changes in Receivables	5.21M	-32.95M	-12.1M	22.99M
Changes in Inventories	-649K	-1.73M	1.72M	-4.16M
Cash Change	26.36M	8.63M	-11.85M	3.93M
Cash Flow	30.15M	5.79M	-8.86M	4.22M
Capital Expenditures	-5.36M	-2.03M	-1.27M	-1.67M
Investments	N.A	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-5.36M	-2.03M	-1.27M	-1.67M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	-1.34M	2.39M	-1.72M	63K
Other Financing Cash Flows	-214K	-450K	-171K	-657K
Cash Flow Financing	1.28M	5.36M	-1.76M	1.42M
Exchange Rate Effect	283K	-486K	33K	-33K

Harmonic Inc. cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	3.33M	-7.76M	-2.91M	-13.69M
Depreciation	5.15M	5.23M	5.41M	5.56M
Changes in Receivables	-7.64M	4.65M	-7.88M	-4.92M
Changes in Inventories	-3.04M	-1M	1.58M	424K
Cash Change	4.11M	7.50M	2.04M	-6.43M
Cash Flow	6.62M	2.42M	9.87M	-6.62M
Capital Expenditures	-2.34M	-1.52M	-1.41M	-1.78M
Investments	N.A	104K	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-2.34M	-1.42M	-1.41M	-1.78M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	-564K	4.67M	-5.73M	-448K
Other Financing Cash Flows	-64K	-112K	-54K	N.A
Cash Flow Financing	20K	6.50M	-5.76M	1.90M
Exchange Rate Effect	-183K	8K	-661K	73K

Harmonic Inc. cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	-11.85M	-15.58M	-31.5M
Depreciation	5.64M	5.99M	5.62M
Changes in Receivables	1.74M	-11.16M	9.34M
Changes in Inventories	5.50M	3.28M	1.97M
Cash Change	6.99M	-2.85M	-2.41M
Cash Flow	9.03M	-8.58M	5.71M
Capital Expenditures	-2.32M	-3.13M	-2.73M
Investments	288K	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	-2.04M	-3.13M	-2.73M
Dividends Paid	N.A	N.A	N.A
Net Borrowings	-400K	5.82M	-5.53M
Other Financing Cash Flows	N.A	-31K	-343K
Cash Flow Financing	-381K	8.37M	-5.87M
Exchange Rate Effect	368K	499K	482K