Harmonic Historical Income Statement

HLIT Stock

USD 11.67 0.04 0.34%

Historical analysis of Harmonic income statement accounts such as Total Revenue of 360.1 M or Gross Profit of 166.2 M can show how well Harmonic performed in making a profits. Evaluating Harmonic income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Harmonic's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Harmonic latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Harmonic is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.

About Harmonic Income Statement Analysis

Harmonic Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Harmonic shareholders. The income statement also shows Harmonic investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Harmonic Income Statement Chart

Harmonic Income Statement is one of the three primary financial statements used for reporting Harmonic's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Harmonic revenue and expense. Harmonic Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Harmonic's Non Operating Income Net Other is comparatively stable compared to the past year. Tax Provision is likely to gain to about 20.3 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 380.4 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Ebit Research Development

Total Revenue

Total revenue comprises all receipts Harmonic generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Harmonic minus its cost of goods sold. It is profit before Harmonic operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Harmonic. It is also known as Harmonic overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Harmonic's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Harmonic current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.At this time, Harmonic's Non Operating Income Net Other is comparatively stable compared to the past year. Tax Provision is likely to gain to about 20.3 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 380.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	259.7M	315.9M	312.5M	166.2M
Total Revenue	507.1M	625.0M	607.9M	360.1M

Gross Profit Total Revenue

Harmonic income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items	Selling And Marketing Expenses
Depreciation And Amortization		-0.32	0.43	0.3	0.53	-0.32	-0.31	0.44	0.18	0.54	0.48	-0.24	0.16	-0.17	0.07	0.45	-0.08	0.05	0.22	0.31	-0.45	-0.23	0.49	-0.27	-0.17
Interest Expense	-0.32		-0.01	0.08	0.02	-0.23	-0.21	0.12	-0.35	-0.1	0.16	-0.4	-0.79	-0.41	0.17	0.22	-0.4	-0.71	0.43	-0.83	0.83	-0.25	-0.24	-0.18	0.46
Total Revenue	0.43	-0.01		0.98	0.98	0.3	0.32	0.96	0.54	0.98	0.92	0.3	0.06	0.27	-0.1	0.89	0.32	0.18	-0.17	0.07	0.19	0.35	-0.4	0.25	-0.1
Gross Profit	0.3	0.08	0.98		0.94	0.34	0.36	0.95	0.54	0.93	0.91	0.31	-0.03	0.27	-0.09	0.89	0.32	0.11	-0.17	-0.04	0.27	0.35	-0.46	0.27	-0.08
Other Operating Expenses	0.53	0.02	0.98	0.94		0.11	0.13	0.98	0.39	0.98	0.97	0.12	0.01	0.16	-0.12	0.95	0.16	0.12	-0.04	0.01	0.19	0.3	-0.3	0.23	-0.11
Operating Income	-0.32	-0.23	0.3	0.34	0.11		1.0	0.04	0.84	0.25	-0.05	0.98	0.32	0.78	-0.15	-0.1	0.87	0.43	-0.76	0.39	0.06	0.54	-0.67	0.34	-0.03
Ebit	-0.31	-0.21	0.32	0.36	0.13	1.0		0.06	0.85	0.26	-0.03	0.98	0.29	0.78	-0.16	-0.08	0.86	0.41	-0.7	0.36	0.1	0.56	-0.69	0.35	-0.05
Research Development	0.44	0.12	0.96	0.95	0.98	0.04	0.06		0.29	0.93	0.99	0.03	-0.07	0.08	-0.1	0.98	0.07	0.02	0.02	-0.11	0.27	0.26	-0.3	0.22	-0.11
Ebitda	0.18	-0.35	0.54	0.54	0.39	0.84	0.85	0.29		0.53	0.2	0.86	0.35	0.58	0.06	0.14	0.84	0.41	-0.59	0.47	-0.18	0.29	-0.37	0.05	-0.04
Cost Of Revenue	0.54	-0.1	0.98	0.93	0.98	0.25	0.26	0.93	0.53		0.9	0.27	0.15	0.26	-0.11	0.86	0.3	0.24	-0.17	0.17	0.1	0.34	-0.33	0.23	-0.13
Total Operating Expenses	0.48	0.16	0.92	0.91	0.97	-0.05	-0.03	0.99	0.2	0.9		-0.07	-0.15	0.02	-0.13	1.0	-0.02	-0.03	0.11	-0.17	0.28	0.23	-0.25	0.21	-0.09
Income Before Tax	-0.24	-0.4	0.3	0.31	0.12	0.98	0.98	0.03	0.86	0.27	-0.07		0.47	0.81	-0.17	-0.13	0.9	0.55	-0.79	0.52	-0.08	0.57	-0.6	0.35	-0.11
Total Other Income Expense Net	0.16	-0.79	0.06	-0.03	0.01	0.32	0.29	-0.07	0.35	0.15	-0.15	0.47		0.42	-0.11	-0.21	0.43	0.67	-0.57	0.79	-0.53	0.33	0.09	0.17	-0.43
Net Income	-0.17	-0.41	0.27	0.27	0.16	0.78	0.78	0.08	0.58	0.26	0.02	0.81	0.42		-0.71	-0.03	0.84	0.52	-0.67	0.52	0.03	0.76	-0.63	0.69	-0.3
Income Tax Expense	0.07	0.17	-0.1	-0.09	-0.12	-0.15	-0.16	-0.1	0.06	-0.11	-0.13	-0.17	-0.11	-0.71		-0.11	-0.31	-0.2	0.17	-0.21	-0.2	-0.64	0.38	-0.8	0.39
Selling General Administrative	0.45	0.22	0.89	0.89	0.95	-0.1	-0.08	0.98	0.14	0.86	1.0	-0.13	-0.21	-0.03	-0.11		-0.08	-0.08	0.15	-0.24	0.32	0.19	-0.25	0.19	-0.05
Net Income From Continuing Ops	-0.08	-0.4	0.32	0.32	0.16	0.87	0.86	0.07	0.84	0.3	-0.02	0.9	0.43	0.84	-0.31	-0.08		0.53	-0.75	0.48	-0.17	0.42	-0.49	0.24	-0.05
Non Operating Income Net Other	0.05	-0.71	0.18	0.11	0.12	0.43	0.41	0.02	0.41	0.24	-0.03	0.55	0.67	0.52	-0.2	-0.08	0.53		-0.55	0.62	-0.49	0.41	-0.29	0.25	0.06
Non Recurring	0.22	0.43	-0.17	-0.17	-0.04	-0.76	-0.7	0.02	-0.59	-0.17	0.11	-0.79	-0.57	-0.67	0.17	0.15	-0.75	-0.55		-0.53	0.22	-0.35	0.43	-0.26	-0.03
Tax Provision	0.31	-0.83	0.07	-0.04	0.01	0.39	0.36	-0.11	0.47	0.17	-0.17	0.52	0.79	0.52	-0.21	-0.24	0.48	0.62	-0.53		-0.59	0.35	0.05	0.26	-0.41
Interest Income	-0.45	0.83	0.19	0.27	0.19	0.06	0.1	0.27	-0.18	0.1	0.28	-0.08	-0.53	0.03	-0.2	0.32	-0.17	-0.49	0.22	-0.59		0.31	-0.6	0.32	0.12
Net Interest Income	-0.23	-0.25	0.35	0.35	0.3	0.54	0.56	0.26	0.29	0.34	0.23	0.57	0.33	0.76	-0.64	0.19	0.42	0.41	-0.35	0.35	0.31		-0.72	0.82	-0.47
Reconciled Depreciation	0.49	-0.24	-0.4	-0.46	-0.3	-0.67	-0.69	-0.3	-0.37	-0.33	-0.25	-0.6	0.09	-0.63	0.38	-0.25	-0.49	-0.29	0.43	0.05	-0.6	-0.72		-0.57	-0.17
Extraordinary Items	-0.27	-0.18	0.25	0.27	0.23	0.34	0.35	0.22	0.05	0.23	0.21	0.35	0.17	0.69	-0.8	0.19	0.24	0.25	-0.26	0.26	0.32	0.82	-0.57		-0.49
Selling And Marketing Expenses	-0.17	0.46	-0.1	-0.08	-0.11	-0.03	-0.05	-0.11	-0.04	-0.13	-0.09	-0.11	-0.43	-0.3	0.39	-0.05	-0.05	0.06	-0.03	-0.41	0.12	-0.47	-0.17	-0.49

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Harmonic Account Relationship Matchups

Harmonic income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	20.4M	15.7M	13.9M	19.6M	12.3M	22.9M
Interest Expense	11.7M	11.5M	10.6M	5.0M	2.7M	3.4M
Total Revenue	402.9M	378.8M	507.1M	625.0M	607.9M	360.1M
Gross Profit	223.0M	195.0M	259.7M	315.9M	312.5M	166.2M
Other Operating Expenses	386.7M	389.0M	488.2M	576.1M	585.7M	380.4M
Operating Income	13.1M	(11.0M)	18.8M	45.5M	22.2M	23.3M
Ebit	13.1M	(11.0M)	18.8M	45.5M	22.2M	24.4M
Research Development	84.6M	82.5M	102.2M	120.3M	126.3M	71.0M
Ebitda	33.5M	4.7M	32.7M	65.1M	22.2M	21.1M
Cost Of Revenue	179.9M	183.8M	247.4M	309.1M	295.4M	193.9M
Total Operating Expenses	206.8M	205.1M	240.8M	267.0M	290.4M	186.5M
Income Before Tax	(6.6M)	(26.2M)	8.9M	44.5M	19.1M	20.1M
Total Other Income Expense Net	(19.7M)	(15.2M)	(9.9M)	(1.0M)	(3.0M)	(3.2M)
Net Income	(5.9M)	(29.3M)	13.3M	28.2M	84.0M	88.2M
Income Tax Expense	(672K)	3.1M	(4.4M)	16.3M	(64.9M)	(61.6M)
Selling General Administrative	118.3M	118.5M	137.1M	146.0M	158.2M	104.1M
Net Income Applicable To Common Shares	(5.9M)	(29.3M)	13.3M	28.2M	25.4M	26.6M
Net Income From Continuing Ops	(5.9M)	(29.3M)	13.3M	28.2M	6.3M	6.6M
Non Operating Income Net Other	(11.9M)	(19.7M)	(2.3M)	687K	618.3K	649.2K
Non Recurring	2.9M	3.1M	2.3M	110K	99K	94.1K
Tax Provision	(672K)	3.1M	(4.4M)	16.3M	19.4M	20.3M
Net Interest Income	(11.7M)	(11.5M)	(10.6M)	(5.0M)	(3.1M)	(3.2M)
Reconciled Depreciation	19.6M	15.7M	13.1M	12.3M	12.2M	13.4M

Pair Trading with Harmonic

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Harmonic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Harmonic will appreciate offsetting losses from the drop in the long position's value.

Moving together with Harmonic Stock

0.75	VIAV	Viavi Solutions Fiscal Year End 8th of August 2024	Pair Corr
0.62	EMKR	EMCORE Fiscal Year End 10th of December 2024	Pair Corr

Moving against Harmonic Stock

0.6

SATS

EchoStar Buyout Trend

Pair Corr

The ability to find closely correlated positions to Harmonic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harmonic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Harmonic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Harmonic to buy it.

The correlation of Harmonic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harmonic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harmonic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Harmonic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Harmonic is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Harmonic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Harmonic Stock. Highlighted below are key reports to facilitate an investment decision about Harmonic Stock:

How To Invest In Harmonic

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Is Harmonic Stock a good investment?

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What is Harmonic's Net Worth?

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For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Harmonic Stock analysis

When running Harmonic's price analysis, check to measure Harmonic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.

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Is Harmonic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harmonic. If investors know Harmonic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harmonic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

13.465

Earnings Share

0.61

Revenue Per Share

5.108

Quarterly Revenue Growth

(0.23)

Return On Assets

0.01

The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harmonic's market value can be influenced by many factors that don't directly affect Harmonic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Harmonic Historical Income Statement

About Harmonic Income Statement Analysis

Harmonic Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Harmonic income statement Correlations

Harmonic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Harmonic income statement Accounts

Pair Trading with Harmonic

Moving together with Harmonic Stock

Moving against Harmonic Stock

Complementary Tools for Harmonic Stock analysis

COMMON DESTINATIONS

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COMPANY

Ebit	+ 1.0	Operating Income
Selling General Administrative	+ 1.0	Total Operating Expenses
Total Operating Expenses	+ 0.99	Research Development
Gross Profit	+ 0.98	Total Revenue
Other Operating Expenses	+ 0.98	Total Revenue
Cost Of Revenue	+ 0.98	Total Revenue

Tax Provision	- 0.83	Interest Expense
Extraordinary Items	- 0.8	Income Tax Expense
Non Recurring	- 0.79	Income Before Tax
Total Other Income Expense Net	- 0.79	Interest Expense
Non Recurring	- 0.76	Operating Income
Non Recurring	- 0.75	Net Income From Continuing Ops