Harmonic (HLIT) Financials

$9.03 +0.07 (+0.78%)

Closing price 04:00 PM Eastern

Extended Trading

$9.02 -0.01 (-0.11%)

As of 04:22 PM Eastern

Annual Income Statements for Harmonic

This table shows Harmonic's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-46	-16	-72	-83	-21	-5.92	-29	13	28	84	39
Consolidated Net Income / (Loss)	-46	-16	-72	-83	-21	-5.92	-29	13	28	84	39
Net Income / (Loss) Continuing Operations	-46	-16	-72	-83	-21	-5.92	-29	13	28	84	39
Total Pre-Tax Income	-22	-16	-80	-85	-17	-6.60	-26	8.87	44	19	58
Total Operating Income	-22	-13	-67	-71	-5.01	13	-12	19	46	22	63
Total Gross Profit	212	203	201	170	209	223	195	260	316	313	366
Total Revenue	434	377	406	358	404	403	379	507	625	608	679
Operating Revenue	434	377	406	358	404	403	379	507	625	608	679
Total Cost of Revenue	221	174	205	188	194	180	184	247	309	295	313
Operating Cost of Revenue	221	174	205	188	194	180	184	247	309	295	313
Total Operating Expenses	234	216	268	241	214	210	207	241	270	290	303
Selling, General & Admin Expense	131	121	144	136	119	119	120	138	147	163	153
Research & Development Expense	93	88	98	96	89	85	82	102	120	126	121
Impairment Charge	-	-	-	-	-	-	-	-	0.00	0.00	13
Restructuring Charge	2.76	1.37	15	5.31	2.92	3.14	2.32	0.11	3.34	0.81	16
Total Other Income / (Expense), net	-0.22	-3.12	-13	-14	-12	-20	-14	-9.94	-1.03	-3.03	-5.20
Interest Expense	-	-	-	0.00	11	17	13	11	5.04	2.70	7.33
Other Income / (Expense), net	-0.36	-0.28	-0.03	-2.22	-0.54	-2.33	-0.90	0.69	4.01	-0.34	2.12
Income Tax Expense	24	-0.41	-8.12	-1.75	4.09	-0.67	3.05	-4.38	16	-65	19
Basic Earnings per Share	($0.50)	($0.18)	($0.93)	($1.02)	($0.25)	($0.07)	($0.30)	$0.13	$0.27	$0.75	$0.34
Weighted Average Basic Shares Outstanding	92.51M	87.51M	77.71M	80.97M	85.62M	89.58M	96.97M	101.48M	105.08M	111.65M	115.12M
Diluted Earnings per Share	($0.50)	($0.18)	($0.93)	($1.02)	($0.25)	($0.07)	($0.30)	$0.12	$0.25	$0.72	$0.33
Weighted Average Diluted Shares Outstanding	92.51M	87.51M	77.71M	80.97M	85.62M	89.58M	96.97M	106.17M	112.38M	117.36M	117.48M
Weighted Average Basic & Diluted Shares Outstanding	92.51M	87.51M	77.71M	80.97M	85.62M	89.58M	96.97M	103.74M	111.07M	111.91M	117.05M

This table shows Harmonic's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	8.74	6.13	5.09	1.56	-6.50	84	-8.09	-13	22	38
Consolidated Net Income / (Loss)	8.74	6.13	5.09	1.56	-6.50	84	-8.09	-13	22	38
Net Income / (Loss) Continuing Operations	8.74	6.13	5.09	1.56	-6.50	84	-8.09	-13	22	38
Total Pre-Tax Income	10	15	10	9.03	-8.88	8.81	-11	-16	29	56
Total Operating Income	11	16	11	9.96	-8.60	9.63	-9.53	-16	35	53
Total Gross Profit	79	86	84	85	62	82	63	73	105	125
Total Revenue	156	164	158	156	127	167	122	139	196	222
Operating Revenue	156	164	158	156	127	167	122	139	196	222
Total Cost of Revenue	77	79	74	71	66	85	59	65	91	98
Operating Cost of Revenue	77	-	74	71	66	85	59	65	91	98
Total Operating Expenses	67	69	73	75	70	72	73	89	69	72
Selling, General & Admin Expense	36	37	39	43	39	42	39	40	36	39
Research & Development Expense	30	31	34	32	30	30	31	29	30	31
Restructuring Charge	0.34	1.21	0.08	0.00	0.73	-	3.04	11	0.28	1.17
Total Other Income / (Expense), net	-1.40	-1.14	-1.00	-0.94	-0.28	-0.82	-1.01	-0.81	-6.62	3.23
Interest Expense	1.28	0.93	0.71	0.80	0.62	0.57	0.72	1.42	2.69	2.49
Other Income / (Expense), net	-0.12	-0.21	-0.29	-0.14	0.34	-0.25	-0.29	0.62	-3.93	5.73
Income Tax Expense	1.28	9.21	5.09	7.47	-2.38	-75	-2.45	-3.90	7.09	18
Basic Earnings per Share	$0.08	$0.06	$0.05	$0.01	($0.06)	$0.75	($0.07)	($0.11)	$0.19	$0.33
Weighted Average Basic Shares Outstanding	105.23M	105.08M	110.79M	111.46M	112.03M	111.65M	112.35M	115.03M	116.40M	115.12M
Diluted Earnings per Share	$0.08	$0.04	$0.04	$0.01	($0.06)	$0.73	($0.07)	($0.11)	$0.19	$0.32
Weighted Average Diluted Shares Outstanding	113.19M	112.38M	117.76M	119.26M	112.03M	117.36M	112.35M	115.03M	117.36M	117.48M
Weighted Average Basic & Diluted Shares Outstanding	105.44M	111.07M	111.36M	111.91M	112.19M	111.91M	116.54M	116.33M	116.53M	117.05M

This table details how cash moves in and out of Harmonic's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-17	53	-70	1.34	8.00	27	5.59	35	-44	-5.32	18
Net Cash From Operating Activities	47	6.35	0.44	3.06	12	31	39	41	5.48	7.06	62
Net Cash From Continuing Operating Activities	47	6.35	0.44	3.06	12	31	39	41	5.48	7.06	62
Net Income / (Loss) Continuing Operations	-46	-16	-72	-83	-21	-5.92	-29	13	28	84	39
Consolidated Net Income / (Loss)	-46	-16	-72	-83	-21	-5.92	-29	13	28	84	39
Depreciation Expense	16	13	19	15	13	11	12	13	12	12	12
Non-Cash Adjustments To Reconcile Net Income	23	21	25	32	21	34	31	28	24	36	51
Changes in Operating Assets and Liabilities, net	33	-19	8.95	25	-15	-23	15	-20	-59	-125	-41
Net Cash From Investing Activities	28	-10	-70	-4.50	-6.94	-10	-32	-13	-1.29	-8.48	-9.19
Net Cash From Continuing Investing Activities	28	-10	-70	-4.50	-6.94	-10	-32	-13	-1.29	-8.48	-9.19
Purchase of Property, Plant & Equipment	-10	-14	-15	-11	-7.04	-10	-32	-13	-9.25	-8.48	-9.19
Purchase of Investments	-36	-25	-	-	-	-	-	0.00	0.00	-6.31	0.00
Sale and/or Maturity of Investments	74	30	20	6.90	0.10	-	0.00	0.00	7.96	6.31	0.00
Net Cash From Financing Activities	-92	58	-0.15	0.90	2.65	6.31	-2.11	7.94	-43	-4.99	-33
Net Cash From Continuing Financing Activities	-92	58	-0.15	0.90	2.65	6.31	-2.11	7.94	-43	-4.99	-33
Repayment of Debt	0.00	-3.53	-8.92	-7.41	-7.13	-121	-15	-6.17	-42	-5.89	-121
Repurchase of Common Equity	-97	-76	-1.64	-2.76	-0.23	-1.49	0.00	0.00	-5.13	0.00	-30
Issuance of Debt	0.00	128	5.97	6.34	5.07	120	9.40	3.86	3.50	3.84	119
Issuance of Common Equity	4.74	9.22	4.44	4.72	4.95	8.41	5.47	12	7.09	6.56	6.63
Other Financing Activities, net	0.02	-	-	-	-	-	-1.66	-2.06	-6.30	-9.49	-7.51
Other Net Changes in Cash	-	-	-	1.88	-	-0.20	0.74	-1.20	-	-	-1.94
Cash Interest Paid	-	-	5.28	5.52	5.27	4.26	4.22	4.10	3.80	1.63	6.28
Cash Income Taxes Paid	1.93	0.95	-0.05	2.14	2.03	1.14	-0.02	2.53	9.04	18	27

This table details how cash moves in and out of Harmonic's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-17	-16	1.29	-20	4.59	8.65	0.04	-36	9.74	43
Net Cash From Operating Activities	-8.22	19	6.27	-17	11	6.27	27	-22	8.72	49
Net Cash From Continuing Operating Activities	-8.22	19	6.27	-17	11	6.27	27	-22	8.72	49
Net Income / (Loss) Continuing Operations	8.74	6.13	5.09	1.56	-6.50	84	-8.09	-13	22	38
Consolidated Net Income / (Loss)	8.74	6.13	5.09	1.56	-6.50	84	-8.09	-13	22	38
Depreciation Expense	3.10	3.04	3.03	3.06	3.09	3.08	3.09	3.23	2.86	2.97
Non-Cash Adjustments To Reconcile Net Income	4.87	5.85	11	7.12	8.57	9.75	6.57	21	14	10
Changes in Operating Assets and Liabilities, net	-27	6.53	-13	-28	5.88	-90	25	-34	-30	-2.61
Net Cash From Investing Activities	-1.89	-1.86	-2.33	-1.50	-8.22	3.58	-1.91	-1.95	-2.98	-2.35
Net Cash From Continuing Investing Activities	-1.89	-1.86	-2.33	-1.50	-8.22	3.58	-1.91	-1.95	-2.98	-2.35
Purchase of Property, Plant & Equipment	-1.89	-1.86	-2.33	-1.50	-1.92	-2.73	-1.91	-1.95	-2.98	-2.35
Net Cash From Financing Activities	-2.14	-38	-3.42	-2.03	2.47	-2.01	-24	-11	2.94	-1.29
Net Cash From Continuing Financing Activities	-2.14	-38	-3.42	-2.03	2.47	-2.01	-24	-11	2.94	-1.29
Repayment of Debt	-0.09	-38	-0.15	-4.57	-	-1.17	-0.33	-117	-3.46	-0.65
Other Financing Activities, net	-1.93	-1.29	-6.35	-1.29	-1.00	-0.85	-5.41	-0.84	-0.63	-0.64
Cash Interest Paid	-	-	-	-	0.91	-0.30	-	-	2.47	1.92
Cash Income Taxes Paid	-	-	-	-	1.37	12	-	-	1.49	14

This table presents Harmonic's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	481	525	554	508	511	587	592	694	710	768	797
Total Current Assets	233	286	217	172	197	251	238	323	345	331	366
Cash & Equivalents	73	126	56	57	66	93	99	133	90	84	101
Restricted Cash	-	-	-	-	-	-	-	-	-	0.00	0.33
Accounts Receivable	74	70	87	70	82	89	66	89	108	142	178
Inventories, net	33	39	41	26	26	29	35	71	121	84	64
Prepaid Expenses	18	25	26	19	23	41	38	30	26	21	22
Plant, Property, & Equipment, net	27	27	32	29	22	23	43	43	40	37	27
Total Noncurrent Assets	221	212	305	307	292	313	310	328	325	401	404
Goodwill	198	198	237	243	241	240	244	240	238	239	237
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	12	105	121
Other Noncurrent Operating Assets	12	9.94	39	43	38	69	67	88	75	57	46
Total Liabilities & Shareholders' Equity	481	525	554	508	511	587	592	694	710	768	797
Total Liabilities	109	197	283	290	283	332	333	397	386	331	331
Total Current Liabilities	90	85	145	142	136	192	147	224	322	272	168
Short-Term Debt	-	0.00	7.28	7.61	7.18	50	12	42	119	120	7.14
Accounts Payable	15	19	29	33	34	41	24	64	67	39	35
Current Deferred Revenue	39	34	52	52	42	37	54	57	62	46	47
Other Current Liabilities	-	-	-	-	-	64	58	61	73	68	78
Total Noncurrent Liabilities	19	112	139	148	146	141	186	172	63	59	164
Long-Term Debt	0.00	98	117	124	127	99	140	112	11	10	121
Other Noncurrent Operating Liabilities	11	9.73	18	23	18	41	46	60	52	48	43
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	372	328	271	218	228	252	258	296	325	437	465
Total Preferred & Common Equity	372	328	271	218	228	252	258	296	325	437	465
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	372	328	271	218	228	252	258	296	325	437	465
Common Stock	2,262	2,236	2,254	2,273	2,297	2,327	2,354	2,387	2,381	2,405	2,433
Retained Earnings	-1,888	-1,904	-1,976	-2,058	-2,067	-2,072	-2,101	-2,088	-2,047	-1,963	-1,953
Accumulated Other Comprehensive Income / (Loss)	-1.98	-4.42	-7.27	3.38	-1.22	-3.07	5.86	-3.27	-9.69	-5.71	-14

This table presents Harmonic's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	698	704	690	674	741	714	760
Total Current Assets	337	338	332	329	301	285	336
Cash & Equivalents	105	91	71	76	84	46	58
Restricted Cash	-	-	-	-	-	2.83	0.33
Accounts Receivable	106	88	119	110	106	120	174
Inventories, net	99	132	114	104	87	84	74
Prepaid Expenses	27	27	28	33	24	32	30
Plant, Property, & Equipment, net	40	39	38	37	35	30	28
Total Noncurrent Assets	321	327	321	308	405	400	395
Goodwill	234	238	239	237	238	238	240
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	108	113	107
Other Noncurrent Operating Assets	87	88	83	71	58	49	48
Total Liabilities & Shareholders' Equity	698	704	690	674	741	714	760
Total Liabilities	397	368	348	333	332	321	331
Total Current Liabilities	222	306	288	275	275	152	162
Short-Term Debt	42	119	119	119	120	9.29	7.23
Accounts Payable	61	55	37	47	44	30	42
Current Deferred Revenue	58	66	66	56	52	53	51
Other Current Liabilities	61	66	65	52	60	59	61
Total Noncurrent Liabilities	175	62	60	58	57	169	169
Long-Term Debt	124	11	11	9.99	10	119	122
Other Noncurrent Operating Liabilities	51	51	49	48	46	50	47
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	301	336	343	341	409	393	429
Total Preferred & Common Equity	301	336	343	341	409	393	429
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	301	336	343	341	409	393	429
Common Stock	2,376	2,385	2,390	2,399	2,410	2,416	2,424
Retained Earnings	-2,053	-2,041	-2,040	-2,046	-1,992	-2,013	-1,992
Accumulated Other Comprehensive Income / (Loss)	-22	-7.66	-6.96	-12	-8.71	-10	-3.89

This table displays calculated financial ratios and metrics derived from Harmonic's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.14%	-13.04%	7.66%	-11.74%	12.65%	-0.17%	-5.97%	33.87%	23.23%	-2.73%	11.65%
EBITDA Growth	-26.93%	-55.30%	-522.77%	-57.09%	148.90%	69.84%	-74.62%	312.54%	59.01%	-44.82%	127.03%
EBIT Growth	6.18%	39.66%	-406.93%	-8.99%	92.41%	293.80%	-224.15%	246.08%	154.03%	-55.91%	198.85%
NOPAT Growth	6.31%	39.98%	-417.73%	-5.73%	92.93%	361.09%	-195.15%	422.48%	2.62%	237.39%	-56.07%
Net Income Growth	-224.90%	66.14%	-361.75%	-14.72%	74.64%	71.84%	-394.11%	145.28%	112.63%	198.04%	-53.31%
EPS Growth	-247.06%	64.00%	-416.67%	-9.68%	75.49%	72.00%	-328.57%	140.00%	108.33%	188.00%	-54.17%
Operating Cash Flow Growth	-11.89%	-86.59%	-93.10%	599.54%	300.91%	154.76%	25.14%	4.73%	-86.65%	28.91%	777.14%
Free Cash Flow Firm Growth	231.48%	-138.02%	-569.60%	90.46%	26.47%	33.45%	-76.31%	352.74%	-185.73%	-10.15%	264.80%
Invested Capital Growth	-17.51%	2.52%	21.51%	-11.88%	1.34%	4.75%	0.00%	1.96%	15.04%	32.37%	1.76%
Revenue Q/Q Growth	-2.77%	-5.34%	6.98%	-3.27%	3.24%	2.16%	2.53%	5.03%	1.38%	0.46%	8.83%
EBITDA Q/Q Growth	-28.31%	-29.47%	-23.89%	6.42%	250.91%	-2.18%	474.22%	-14.66%	-2.43%	-16.71%	173.51%
EBIT Q/Q Growth	-4.12%	-14.71%	-16.87%	6.44%	74.22%	-6.77%	42.80%	-7.22%	2.25%	-23.96%	306.60%
NOPAT Q/Q Growth	-5.70%	-47.99%	-17.26%	10.30%	75.47%	-4.52%	44.72%	96.95%	-35.19%	1,269.43%	-73.08%
Net Income Q/Q Growth	-5.70%	-17.61%	-4.70%	-1.72%	41.91%	27.44%	21.24%	93.15%	-32.75%	1,236.63%	-53.83%
EPS Q/Q Growth	-2.04%	-20.00%	-3.33%	-2.00%	40.48%	36.36%	21.05%	50.00%	-37.50%	2,300.00%	-55.41%
Operating Cash Flow Q/Q Growth	2.65%	-77.65%	102.95%	-56.88%	-16.44%	303.39%	41.20%	-45.48%	184.07%	-64.96%	215.05%
Free Cash Flow Firm Q/Q Growth	6.66%	-448.24%	12.74%	-297.20%	17.40%	70.75%	40.61%	-38.86%	-6.76%	-4.04%	-27.39%
Invested Capital Q/Q Growth	-5.67%	0.50%	-5.94%	-2.57%	0.50%	-3.38%	-3.05%	6.03%	0.99%	24.35%	-1.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.98%	53.77%	49.46%	47.40%	51.84%	55.36%	51.47%	51.22%	50.54%	51.41%	53.91%
EBITDA Margin	3.47%	1.78%	-7.01%	-12.47%	5.41%	9.21%	2.49%	7.66%	9.89%	5.61%	11.40%
Operating Margin	-4.98%	-3.43%	-16.52%	-19.78%	-1.24%	3.25%	-3.29%	3.71%	7.28%	3.65%	9.30%
EBIT Margin	-5.06%	-3.51%	-16.52%	-20.40%	-1.37%	2.67%	-3.52%	3.84%	7.92%	3.59%	9.62%
Profit (Net Income) Margin	-10.67%	-4.15%	-17.82%	-23.16%	-5.21%	-1.47%	-7.73%	2.61%	4.51%	13.82%	5.78%
Tax Burden Percent	212.20%	97.47%	89.91%	97.93%	124.11%	89.81%	111.65%	149.41%	63.35%	438.82%	67.69%
Interest Burden Percent	99.40%	121.45%	119.92%	115.88%	305.53%	-61.36%	196.44%	45.50%	89.82%	87.65%	88.77%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-49.41%	36.65%	-338.82%	32.31%
Return on Invested Capital (ROIC)	-5.11%	-3.35%	-15.48%	-15.86%	-1.19%	3.01%	-2.80%	8.95%	8.46%	22.95%	8.77%
ROIC Less NNEP Spread (ROIC-NNEP)	17.50%	4.93%	-702.41%	-64.69%	-25.64%	-21.15%	-40.56%	-31.71%	6.30%	-7.86%	-0.99%
Return on Net Nonoperating Assets (RNNOA)	-5.57%	-1.12%	-8.67%	-18.07%	-8.23%	-5.47%	-8.61%	-4.17%	0.61%	-0.89%	-0.08%
Return on Equity (ROE)	-10.68%	-4.47%	-24.15%	-33.93%	-9.42%	-2.45%	-11.41%	4.78%	9.07%	22.06%	8.69%
Cash Return on Invested Capital (CROIC)	14.07%	-5.84%	-34.90%	-3.23%	-2.52%	-1.63%	-2.80%	7.01%	-5.53%	-4.90%	7.03%
Operating Return on Assets (OROA)	-4.04%	-2.63%	-12.43%	-13.76%	-1.09%	1.96%	-2.26%	3.03%	7.06%	2.95%	8.34%
Return on Assets (ROA)	-8.51%	-3.12%	-13.40%	-15.62%	-4.13%	-1.08%	-4.97%	2.06%	4.02%	11.36%	5.01%
Return on Common Equity (ROCE)	-10.68%	-4.47%	-24.15%	-33.93%	-9.42%	-2.44%	-11.35%	4.77%	9.06%	22.06%	8.69%
Return on Equity Simple (ROE_SIMPLE)	-12.44%	-4.77%	-26.72%	-37.99%	-9.22%	-2.35%	-11.33%	4.48%	8.68%	19.23%	8.43%
Net Operating Profit after Tax (NOPAT)	-15	-9.06	-47	-50	-3.51	9.16	-8.71	28	29	97	43
NOPAT Margin	-3.48%	-2.40%	-11.56%	-13.85%	-0.87%	2.27%	-2.30%	5.54%	4.61%	16.00%	6.30%
Net Nonoperating Expense Percent (NNEP)	-22.62%	-8.28%	686.93%	48.83%	24.45%	24.16%	37.76%	40.66%	2.16%	30.81%	9.76%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	6.35%	17.15%	7.21%
Cost of Revenue to Revenue	51.02%	46.23%	50.54%	52.60%	48.16%	44.64%	48.53%	48.78%	49.46%	48.59%	46.09%
SG&A Expenses to Revenue	30.29%	32.08%	35.57%	38.04%	29.48%	29.55%	31.57%	27.23%	23.48%	26.86%	22.56%
R&D to Revenue	21.46%	23.22%	24.24%	26.79%	22.09%	21.00%	21.78%	20.16%	19.25%	20.77%	17.82%
Operating Expenses to Revenue	53.95%	57.20%	65.97%	67.19%	53.08%	52.11%	54.76%	47.51%	43.26%	47.77%	44.61%
Earnings before Interest and Taxes (EBIT)	-22	-13	-67	-73	-5.55	11	-13	19	50	22	65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15	6.73	-28	-45	22	37	9.42	39	62	34	77
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.66	1.08	1.45	1.57	1.79	2.79	2.80	4.08	4.26	3.35	3.31
Price to Tangible Book Value (P/TBV)	3.78	2.81	94.83	0.00	0.00	85.88	49.38	21.66	15.92	7.40	6.75
Price to Revenue (P/Rev)	1.42	0.94	0.97	0.96	1.01	1.75	1.91	2.38	2.21	2.41	2.27
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	91.01	49.01	17.42	39.31
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.10%	2.04%	5.74%	2.54%
Enterprise Value to Invested Capital (EV/IC)	1.92	1.10	1.36	1.42	1.61	2.45	2.49	3.87	3.90	3.12	3.19
Enterprise Value to Revenue (EV/Rev)	1.18	0.80	1.12	1.17	1.18	1.89	2.05	2.42	2.27	2.48	2.31
Enterprise Value to EBITDA (EV/EBITDA)	34.04	44.57	0.00	0.00	21.87	20.57	82.29	31.59	23.01	44.26	20.26
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	71.00	0.00	62.96	28.70	69.10	24.02
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	83.34	0.00	43.68	49.30	15.51	36.68
Enterprise Value to Operating Cash Flow (EV/OCF)	10.82	47.22	1,035.69	136.25	38.90	24.39	19.79	29.92	259.59	213.77	25.32
Enterprise Value to Free Cash Flow (EV/FCFF)	12.33	0.00	0.00	0.00	0.00	0.00	0.00	55.76	0.00	0.00	45.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.30	0.46	0.60	0.59	0.59	0.59	0.52	0.40	0.30	0.27
Long-Term Debt to Equity	0.00	0.30	0.43	0.57	0.56	0.39	0.54	0.38	0.03	0.02	0.26
Financial Leverage	-0.32	-0.23	0.01	0.28	0.32	0.26	0.21	0.13	0.10	0.11	0.08
Leverage Ratio	1.25	1.44	1.80	2.17	2.28	2.27	2.30	2.32	2.26	1.94	1.73
Compound Leverage Factor	1.25	1.74	2.16	2.52	6.97	-1.39	4.51	1.05	2.03	1.70	1.54
Debt to Total Capital	0.00%	23.05%	31.50%	37.62%	37.11%	36.93%	36.95%	34.12%	28.59%	22.97%	21.56%
Short-Term Debt to Total Capital	0.00%	0.00%	1.84%	2.17%	1.98%	12.40%	2.87%	9.28%	26.13%	21.12%	1.20%
Long-Term Debt to Total Capital	0.00%	23.05%	29.66%	35.45%	35.13%	24.53%	34.07%	24.84%	2.46%	1.85%	20.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.60%	0.00%	0.20%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	76.95%	68.50%	62.38%	62.89%	62.47%	63.05%	65.68%	71.41%	77.03%	78.44%
Debt to EBITDA	0.00	14.61	-4.37	-2.95	6.16	4.02	16.07	3.96	2.10	3.82	1.65
Net Debt to EBITDA	0.00	-8.10	-2.18	-1.67	3.14	1.51	5.60	0.52	0.65	1.35	0.34
Long-Term Debt to EBITDA	0.00	14.61	-4.12	-2.78	5.83	2.67	14.82	2.88	0.18	0.31	1.56
Debt to NOPAT	0.00	-10.85	-2.65	-2.65	-38.39	16.29	-17.37	5.47	4.50	1.34	2.99
Net Debt to NOPAT	0.00	6.01	-1.32	-1.51	-19.58	6.13	-6.05	0.72	1.40	0.47	0.61
Long-Term Debt to NOPAT	0.00	-10.85	-2.50	-2.50	-36.35	10.83	-16.02	3.98	0.39	0.11	2.83
Altman Z-Score	-0.99	-2.90	-3.68	-4.66	-3.90	-2.80	-2.92	-1.40	-0.74	0.05	0.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.50%	0.47%	0.16%	0.14%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.59	3.37	1.50	1.21	1.44	1.31	1.62	1.44	1.07	1.21	2.18
Quick Ratio	1.99	2.62	1.03	0.89	1.08	0.95	1.12	0.99	0.61	0.83	1.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	42	-16	-106	-10	-7.42	-4.94	-8.71	22	-19	-21	34
Operating Cash Flow to CapEx	470.63%	44.24%	2.90%	26.88%	174.39%	303.01%	121.61%	316.12%	59.20%	83.29%	674.04%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-0.65	-0.28	-0.68	2.07	-3.74	-7.71	4.68
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	1.08	1.80	3.04	3.86	1.09	2.62	8.45
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.46	1.21	0.54	2.64	-0.75	-0.53	7.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.75	0.75	0.67	0.79	0.73	0.64	0.79	0.89	0.82	0.87
Accounts Receivable Turnover	5.81	5.25	5.19	4.58	5.32	4.73	4.90	6.55	6.35	4.86	4.25
Inventory Turnover	6.35	4.87	5.13	5.61	7.53	6.58	5.74	4.66	3.22	2.88	4.23
Fixed Asset Turnover	13.95	13.90	13.72	11.66	15.65	17.81	11.47	11.81	15.14	15.89	21.38
Accounts Payable Turnover	11.74	10.05	8.50	6.08	5.81	4.81	5.70	5.62	4.69	5.57	8.48
Days Sales Outstanding (DSO)	62.80	69.54	70.26	79.78	68.58	77.14	74.54	55.69	57.52	75.04	85.92
Days Inventory Outstanding (DIO)	57.48	74.93	71.17	65.06	48.47	55.48	63.61	78.36	113.46	126.62	86.34
Days Payable Outstanding (DPO)	31.10	36.31	42.93	60.05	62.81	75.81	64.01	64.89	77.87	65.51	43.06
Cash Conversion Cycle (CCC)	89.18	108.15	98.51	84.78	54.23	56.82	74.14	69.15	93.10	136.16	129.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	267	274	333	293	297	311	311	317	365	483	491
Invested Capital Turnover	1.47	1.39	1.34	1.15	1.37	1.33	1.22	1.61	1.83	1.43	1.39
Increase / (Decrease) in Invested Capital	-57	6.74	59	-40	3.92	14	-0.01	6.09	48	118	8.48
Enterprise Value (EV)	512	300	454	417	478	763	775	1,227	1,422	1,509	1,568
Market Capitalization	617	354	392	343	409	705	722	1,206	1,381	1,463	1,542
Book Value per Share	$4.22	$3.77	$3.45	$2.68	$2.63	$2.79	$2.64	$2.89	$3.08	$3.89	$3.99
Tangible Book Value per Share	$1.85	$1.45	$0.05	($0.56)	($0.29)	$0.09	$0.15	$0.54	$0.82	$1.76	$1.96
Total Capital	372	426	395	350	363	404	410	451	454	567	593
Total Debt	0.00	98	124	132	135	149	151	154	130	130	128
Total Long-Term Debt	0.00	98	117	124	127	99	140	112	11	10	121
Net Debt	-105	-54	62	75	69	56	53	20	40	46	26
Capital Expenditures (CapEx)	10	14	15	11	7.04	10	32	13	9.25	8.48	9.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	38	48	17	-20	1.48	16	3.87	7.05	52	94	104
Debt-free Net Working Capital (DFNWC)	143	201	79	37	67	110	103	140	142	178	206
Net Working Capital (NWC)	143	201	72	30	60	59	91	99	23	58	199
Net Nonoperating Expense (NNE)	31	6.60	25	33	18	15	21	15	0.66	13	3.52
Net Nonoperating Obligations (NNO)	-105	-54	62	75	69	56	53	20	40	46	26
Total Depreciation and Amortization (D&A)	37	20	39	28	27	26	23	19	12	12	12
Debt-free, Cash-free Net Working Capital to Revenue	8.74%	12.85%	4.10%	-5.51%	0.37%	4.09%	1.02%	1.39%	8.38%	15.44%	15.30%
Debt-free Net Working Capital to Revenue	32.93%	53.38%	19.51%	10.41%	16.72%	27.19%	27.06%	27.70%	22.72%	29.30%	30.30%
Net Working Capital to Revenue	32.93%	53.38%	17.72%	8.29%	14.94%	14.76%	23.95%	19.46%	3.72%	9.60%	29.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.50)	($0.18)	($0.93)	($1.02)	($0.25)	($0.07)	($0.30)	$0.13	$0.00	$0.75	$0.34
Adjusted Weighted Average Basic Shares Outstanding	92.51M	87.51M	79.77M	84.10M	88.68M	95.89M	100.85M	101.48M	0.00	111.65M	115.12M
Adjusted Diluted Earnings per Share	($0.50)	($0.18)	($0.93)	($1.02)	($0.25)	($0.07)	($0.30)	$0.12	$0.00	$0.72	$0.33
Adjusted Weighted Average Diluted Shares Outstanding	92.51M	87.51M	79.77M	84.10M	88.68M	95.89M	100.85M	106.17M	0.00	117.36M	117.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($0.93)	($1.02)	($0.25)	($0.07)	($0.30)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	88.64M	77.30M	77.71M	80.97M	85.62M	89.58M	96.97M	103.74M	0.00	111.91M	117.05M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-8.10	-37	-46	-1.47	11	-7.09	13	31	16	62
Normalized NOPAT Margin	-3.04%	-2.15%	-9.04%	-12.81%	-0.36%	2.82%	-1.87%	2.61%	4.95%	2.65%	9.16%
Pre Tax Income Margin	-5.03%	-4.26%	-19.81%	-23.64%	-4.20%	-1.64%	-6.92%	1.75%	7.12%	3.15%	8.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	-0.49	0.62	-1.04	1.83	9.83	8.10	8.91
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	-0.31	0.53	-0.68	2.64	5.72	36.09	5.83
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-1.10	0.02	-3.54	0.61	7.99	4.96	7.65
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-0.93	-0.07	-3.18	1.42	3.89	32.94	4.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-209.23%	-487.91%	-2.27%	-3.32%	-1.09%	-25.19%	0.00%	0.00%	18.21%	0.00%	76.62%

This table displays calculated financial ratios and metrics derived from Harmonic's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.29%	5.47%	6.92%	-0.94%	-18.32%	1.68%	-22.57%	-11.04%	53.89%	32.96%
EBITDA Growth	53.57%	3.51%	116.27%	-42.07%	-132.31%	-35.44%	-148.36%	-191.46%	764.32%	394.03%
EBIT Growth	119.19%	7.19%	319.05%	-49.24%	-173.06%	-42.31%	-190.15%	-252.77%	481.26%	524.39%
NOPAT Growth	199.69%	-72.69%	268.03%	-86.23%	-160.45%	1,291.22%	-219.23%	-737.49%	543.49%	-60.80%
Net Income Growth	471.24%	-69.12%	433.09%	-89.52%	-174.31%	1,267.49%	-258.83%	-905.92%	434.38%	-54.53%
EPS Growth	700.00%	-78.95%	500.00%	-92.86%	-175.00%	1,725.00%	-275.00%	-1,200.00%	416.67%	-56.16%
Operating Cash Flow Growth	-154.01%	162.89%	122.81%	-175.70%	234.37%	-67.61%	327.75%	-34.09%	-21.04%	674.39%
Free Cash Flow Firm Growth	-308.33%	-328.04%	60.41%	-130.79%	36.59%	35.70%	-404.68%	-41.20%	-156.43%	203.79%
Invested Capital Growth	20.79%	15.04%	6.45%	17.45%	7.50%	32.37%	21.30%	17.65%	28.74%	1.76%
Revenue Q/Q Growth	-1.08%	5.52%	-4.07%	-1.07%	-18.44%	31.36%	-26.95%	13.67%	41.10%	13.49%
EBITDA Q/Q Growth	-28.06%	20.61%	-30.45%	-7.42%	-140.13%	340.98%	-153.05%	-75.11%	391.49%	79.21%
EBIT Q/Q Growth	-41.59%	43.86%	-33.06%	-9.75%	-184.06%	213.61%	-204.59%	-52.94%	309.79%	86.06%
NOPAT Q/Q Growth	-20.05%	-33.88%	-15.10%	-69.31%	-450.89%	1,621.76%	-107.28%	-64.08%	344.11%	34.51%
Net Income Q/Q Growth	-41.11%	-29.85%	-16.93%	-69.47%	-517.68%	1,390.85%	-109.65%	-54.93%	273.30%	75.52%
EPS Q/Q Growth	-42.86%	-50.00%	0.00%	-75.00%	-700.00%	1,316.67%	-109.59%	-57.14%	272.73%	68.42%
Operating Cash Flow Q/Q Growth	-137.66%	335.44%	-67.60%	-363.51%	166.84%	-43.25%	327.96%	-182.60%	139.36%	456.55%
Free Cash Flow Firm Q/Q Growth	-107.94%	21.24%	58.29%	-237.85%	42.87%	20.14%	-227.42%	5.47%	-3.75%	132.32%
Invested Capital Q/Q Growth	5.65%	0.99%	2.83%	7.05%	-3.30%	24.35%	-5.77%	3.83%	5.81%	-1.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.47%	52.15%	53.32%	54.46%	48.49%	49.00%	51.68%	52.95%	53.50%	56.11%
EBITDA Margin	10.27%	11.74%	8.83%	8.26%	-4.07%	7.46%	-5.51%	-8.49%	17.55%	27.71%
Operating Margin	7.34%	10.03%	7.09%	6.39%	-6.76%	5.77%	-7.80%	-11.27%	18.10%	23.80%
EBIT Margin	7.26%	9.90%	6.91%	6.30%	-6.49%	5.62%	-8.04%	-10.82%	16.09%	26.37%
Profit (Net Income) Margin	5.61%	3.73%	3.23%	1.00%	-5.11%	50.18%	-6.63%	-9.03%	11.09%	17.16%
Tax Burden Percent	87.21%	39.98%	50.02%	17.23%	73.15%	951.33%	76.76%	76.25%	75.39%	67.95%
Interest Burden Percent	88.64%	94.29%	93.52%	91.86%	107.49%	93.92%	107.37%	109.49%	91.47%	95.75%
Effective Tax Rate	12.79%	60.02%	49.98%	82.77%	0.00%	-851.33%	0.00%	0.00%	24.61%	32.05%
Return on Invested Capital (ROIC)	11.94%	7.35%	6.19%	1.88%	-7.64%	78.66%	-7.53%	-10.02%	19.16%	22.53%
ROIC Less NNEP Spread (ROIC-NNEP)	9.06%	5.84%	5.26%	1.57%	-8.52%	60.59%	-10.87%	-12.31%	10.74%	28.62%
Return on Net Nonoperating Assets (RNNOA)	1.34%	0.57%	0.91%	0.25%	-1.44%	6.87%	-1.24%	-2.32%	1.65%	2.29%
Return on Equity (ROE)	13.28%	7.92%	7.10%	2.13%	-9.08%	85.53%	-8.78%	-12.33%	20.81%	24.82%
Cash Return on Invested Capital (CROIC)	-5.35%	-5.53%	3.43%	-9.68%	-5.33%	-4.90%	-19.00%	-20.08%	10.62%	7.03%
Operating Return on Assets (OROA)	6.67%	8.81%	6.25%	5.75%	-5.73%	4.62%	-6.37%	-8.56%	14.00%	22.88%
Return on Assets (ROA)	5.16%	3.32%	2.92%	0.91%	-4.51%	41.27%	-5.25%	-7.14%	9.65%	14.89%
Return on Common Equity (ROCE)	13.26%	7.91%	7.10%	2.13%	-9.08%	85.53%	-8.78%	-12.33%	20.81%	24.82%
Return on Equity Simple (ROE_SIMPLE)	13.94%	0.00%	10.36%	6.28%	1.84%	0.00%	17.31%	14.44%	19.80%	0.00%
Net Operating Profit after Tax (NOPAT)	9.96	6.59	5.59	1.72	-6.02	92	-6.67	-11	27	36
NOPAT Margin	6.40%	4.01%	3.55%	1.10%	-4.73%	54.85%	-5.46%	-7.89%	13.64%	16.17%
Net Nonoperating Expense Percent (NNEP)	2.88%	1.50%	0.93%	0.31%	0.87%	18.07%	3.33%	2.30%	8.42%	-6.09%
Return On Investment Capital (ROIC_SIMPLE)	-	1.45%	-	-	-	16.16%	-	-	-	6.06%
Cost of Revenue to Revenue	49.53%	47.85%	46.68%	45.54%	51.51%	51.00%	48.32%	47.05%	46.50%	43.89%
SG&A Expenses to Revenue	23.36%	22.47%	24.92%	27.43%	30.85%	25.13%	31.84%	28.70%	18.31%	17.37%
R&D to Revenue	19.56%	18.92%	21.26%	20.65%	23.83%	18.11%	25.16%	20.75%	15.36%	14.14%
Operating Expenses to Revenue	43.14%	42.12%	46.23%	48.07%	55.26%	43.23%	59.48%	64.21%	35.41%	32.31%
Earnings before Interest and Taxes (EBIT)	11	16	11	9.83	-8.26	9.38	-9.82	-15	31	59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	19	14	13	-5.17	12	-6.73	-12	34	62
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.57	4.26	4.83	5.25	3.14	3.35	3.69	3.49	3.93	3.31
Price to Tangible Book Value (P/TBV)	20.57	15.92	16.65	17.30	10.32	7.40	8.82	8.85	8.90	6.75
Price to Revenue (P/Rev)	2.23	2.21	2.55	2.84	1.77	2.41	2.63	2.47	2.70	2.27
Price to Earnings (P/E)	32.77	49.01	46.56	83.68	170.21	17.42	21.29	24.18	19.84	39.31
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.05%	2.04%	2.15%	1.20%	0.59%	5.74%	4.70%	4.14%	5.04%	2.54%
Enterprise Value to Invested Capital (EV/IC)	3.97	3.90	4.42	4.63	2.88	3.12	3.41	3.07	3.51	3.19
Enterprise Value to Revenue (EV/Rev)	2.33	2.27	2.61	2.93	1.85	2.48	2.71	2.61	2.82	2.31
Enterprise Value to EBITDA (EV/EBITDA)	22.64	23.01	23.72	30.73	27.29	44.26	115.56	0.00	62.07	20.26
Enterprise Value to EBIT (EV/EBIT)	29.60	28.70	28.71	38.51	38.90	69.10	1,368.92	0.00	109.44	24.02
Enterprise Value to NOPAT (EV/NOPAT)	32.22	49.30	47.11	78.52	157.24	15.51	1,514.05	0.00	11.06	36.68
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	259.59	42.31	2,112.96	55.46	213.77	56.28	66.04	89.38	25.32
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	132.90	0.00	0.00	0.00	0.00	0.00	37.24	45.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.40	0.39	0.38	0.38	0.30	0.32	0.33	0.30	0.27
Long-Term Debt to Equity	0.41	0.03	0.03	0.03	0.03	0.02	0.03	0.30	0.29	0.26
Financial Leverage	0.15	0.10	0.17	0.16	0.17	0.11	0.11	0.19	0.15	0.08
Leverage Ratio	2.33	2.26	2.26	2.17	2.14	1.94	1.94	1.91	1.86	1.73
Compound Leverage Factor	2.07	2.13	2.12	1.99	2.30	1.82	2.08	2.09	1.70	1.66
Debt to Total Capital	35.56%	28.59%	27.95%	27.47%	27.53%	22.97%	24.14%	24.63%	23.19%	21.56%
Short-Term Debt to Total Capital	9.02%	26.13%	25.51%	25.24%	25.41%	21.12%	22.23%	1.78%	1.29%	1.20%
Long-Term Debt to Total Capital	26.55%	2.46%	2.44%	2.23%	2.12%	1.85%	1.90%	22.84%	21.90%	20.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.44%	71.41%	72.05%	72.53%	72.47%	77.03%	75.86%	75.37%	76.81%	78.44%
Debt to EBITDA	2.62	2.10	1.86	2.15	3.16	3.82	9.68	-11.43	4.58	1.65
Net Debt to EBITDA	0.96	0.65	0.56	0.97	1.16	1.35	3.41	-7.10	2.51	0.34
Long-Term Debt to EBITDA	1.96	0.18	0.16	0.17	0.24	0.31	0.76	-10.61	4.32	1.56
Debt to NOPAT	3.73	4.50	3.70	5.48	18.22	1.34	126.87	-7.60	0.82	2.99
Net Debt to NOPAT	1.36	1.40	1.12	2.48	6.69	0.47	44.72	-4.72	0.45	0.61
Long-Term Debt to NOPAT	2.78	0.39	0.32	0.45	1.41	0.11	10.01	-7.05	0.77	2.83
Altman Z-Score	-0.91	-0.89	-0.41	0.01	-1.37	0.00	-0.27	-0.45	0.62	0.75
Noncontrolling Interest Sharing Ratio	0.19%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.07	1.11	1.15	1.20	1.21	1.09	1.87	2.08	2.18
Quick Ratio	0.95	0.61	0.59	0.66	0.70	0.83	0.69	1.09	1.43	1.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-52	-41	-17	-58	-33	-26	-87	-82	-85	27
Operating Cash Flow to CapEx	-436.02%	1,039.82%	268.98%	-1,100.00%	576.41%	229.90%	1,403.45%	-1,139.02%	292.23%	2,068.67%
Free Cash Flow to Firm to Interest Expense	-40.66	-44.26	-24.30	-72.44	-53.48	-46.30	-119.73	-57.46	-31.61	11.01
Operating Cash Flow to Interest Expense	-6.40	20.83	8.88	-20.65	17.84	10.98	37.10	-15.56	3.25	19.47
Operating Cash Flow Less CapEx to Interest Expense	-7.87	18.83	5.58	-22.53	14.75	6.20	34.45	-16.92	2.14	18.53
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.92	0.89	0.90	0.91	0.88	0.82	0.79	0.79	0.87	0.87
Accounts Receivable Turnover	6.81	6.35	6.24	5.62	5.61	4.86	5.90	4.64	4.39	4.25
Inventory Turnover	4.09	3.22	2.85	3.06	2.85	2.88	2.57	2.78	3.38	4.23
Fixed Asset Turnover	14.63	15.14	15.58	16.00	15.64	15.89	15.43	16.51	19.08	21.38
Accounts Payable Turnover	6.61	4.69	5.64	7.94	5.35	5.57	5.66	8.19	6.71	8.48
Days Sales Outstanding (DSO)	53.59	57.52	58.54	64.96	65.12	75.04	61.86	78.64	83.13	85.92
Days Inventory Outstanding (DIO)	89.31	113.46	127.97	119.21	128.15	126.62	141.89	131.21	107.86	86.34
Days Payable Outstanding (DPO)	55.20	77.87	64.70	45.94	68.26	65.51	64.52	44.55	54.42	43.06
Cash Conversion Cycle (CCC)	87.71	93.10	121.80	138.23	125.00	136.16	139.23	165.31	136.58	129.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	361	365	375	402	388	483	455	472	500	491
Invested Capital Turnover	1.87	1.83	1.75	1.70	1.61	1.43	1.38	1.27	1.40	1.39
Increase / (Decrease) in Invested Capital	62	48	23	60	27	118	80	71	112	8.48
Enterprise Value (EV)	1,434	1,422	1,660	1,859	1,117	1,509	1,554	1,451	1,757	1,568
Market Capitalization	1,373	1,381	1,621	1,801	1,070	1,463	1,508	1,372	1,686	1,542
Book Value per Share	$2.86	$3.08	$3.02	$3.08	$3.05	$3.89	$3.64	$3.37	$3.69	$3.99
Tangible Book Value per Share	$0.64	$0.82	$0.88	$0.93	$0.93	$1.76	$1.52	$1.33	$1.63	$1.96
Total Capital	467	454	466	473	470	567	539	521	558	593
Total Debt	166	130	130	130	129	130	130	128	130	128
Total Long-Term Debt	124	11	11	11	9.99	10	10	119	122	121
Net Debt	61	40	39	59	48	46	46	80	71	26
Capital Expenditures (CapEx)	1.89	1.86	2.33	1.50	1.92	2.73	1.91	1.95	2.98	2.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	52	52	60	92	91	94	62	93	123	104
Debt-free Net Working Capital (DFNWC)	157	142	151	163	173	178	146	142	182	206
Net Working Capital (NWC)	115	23	32	44	54	58	26	133	175	199
Net Nonoperating Expense (NNE)	1.22	0.46	0.50	0.16	0.47	7.80	1.42	1.59	4.99	-2.20
Net Nonoperating Obligations (NNO)	61	40	39	59	48	46	46	80	71	26
Total Depreciation and Amortization (D&A)	4.70	3.04	3.03	3.06	3.09	3.08	3.09	3.23	2.86	2.97
Debt-free, Cash-free Net Working Capital to Revenue	8.36%	8.38%	9.48%	14.53%	15.11%	15.44%	10.76%	16.80%	19.79%	15.30%
Debt-free Net Working Capital to Revenue	25.44%	22.72%	23.79%	25.74%	28.65%	29.30%	25.50%	25.57%	29.17%	30.30%
Net Working Capital to Revenue	18.61%	3.72%	5.07%	6.92%	8.91%	9.60%	4.54%	23.90%	28.01%	29.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.06	$0.05	$0.01	($0.06)	$0.75	($0.07)	($0.11)	$0.19	$0.33
Adjusted Weighted Average Basic Shares Outstanding	105.23M	105.08M	110.79M	111.46M	112.03M	111.65M	112.35M	115.03M	116.40M	115.12M
Adjusted Diluted Earnings per Share	$0.08	$0.04	$0.04	$0.01	($0.06)	$0.73	($0.07)	($0.11)	$0.19	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	113.19M	112.38M	117.76M	119.26M	112.03M	117.36M	112.35M	115.03M	117.36M	117.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	105.44M	111.07M	111.36M	111.91M	112.19M	111.91M	116.54M	116.33M	116.53M	117.05M
Normalized Net Operating Profit after Tax (NOPAT)	10	12	5.63	6.97	-5.51	6.74	-4.54	3.40	29	37
Normalized NOPAT Margin	6.58%	7.53%	3.57%	4.47%	-4.33%	4.04%	-3.72%	2.45%	14.95%	16.53%
Pre Tax Income Margin	6.44%	9.33%	6.46%	5.79%	-6.98%	5.27%	-8.63%	-11.85%	14.72%	25.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.81	17.51	15.42	12.28	-13.34	16.43	-13.58	-10.54	11.72	23.50
NOPAT to Interest Expense	7.76	7.09	7.92	2.15	-9.73	160.49	-9.22	-7.68	9.94	14.41
EBIT Less CapEx to Interest Expense	7.34	15.50	12.12	10.41	-16.44	11.66	-16.22	-11.91	10.61	22.56
NOPAT Less CapEx to Interest Expense	6.29	5.09	4.62	0.27	-12.82	155.72	-11.87	-9.05	8.83	13.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	12.25%	18.21%	8.60%	0.56%	0.00%	0.00%	30.61%	52.97%	35.38%	76.62%

Frequently Asked Questions About Harmonic's Financials

When does Harmonic's financial year end?

According to the most recent income statement we have on file, Harmonic's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Harmonic's net income changed over the last 10 years?

Harmonic's net income appears to be on a downward trend, with a most recent value of $39.22 million in 2024, falling from -$46.25 million in 2014. The previous period was $83.99 million in 2023.

What is Harmonic's operating income?

Harmonic's total operating income in 2024 was $63.14 million, based on the following breakdown:

Total Gross Profit: $365.92 million
Total Operating Expenses: $302.79 million

How has Harmonic revenue changed over the last 10 years?

Over the last 10 years, Harmonic's total revenue changed from $433.56 million in 2014 to $678.72 million in 2024, a change of 56.5%.

How much debt does Harmonic have?

Harmonic's total liabilities were at $331.25 million at the end of 2024, a 0.0% decrease from 2023, and a 204.7% increase since 2014.

How much cash does Harmonic have?

In the past 10 years, Harmonic's cash and equivalents has ranged from $55.64 million in 2016 to $133.43 million in 2021, and is currently $101.46 million as of their latest financial filing in 2024.

How has Harmonic's book value per share changed over the last 10 years?

Over the last 10 years, Harmonic's book value per share changed from 4.22 in 2014 to 3.99 in 2024, a change of -5.4%.

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This page (NASDAQ:HLIT) was last updated on 4/15/2025 by MarketBeat.com Staff

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Harmonic (HLIT) Financials

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Harmonic (HLIT) Financials

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