Harmonic Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	124.11	101.46	84.27	89.59	133.43
Cash & Short-Term Investments	124.11	101.46	84.27	89.59	133.43
Cash Growth	22.32%	20.40%	-5.93%	-32.86%	35.26%
Accounts Receivable	85.94	182.3	146.3	114.01	96.63
Receivables	85.94	182.3	146.3	114.01	96.63
Inventory	47.84	64	83.98	120.95	71.2
Prepaid Expenses	12.53	4.22	3.79	5.56	19.96
Restricted Cash	-	0.33	-	-	-
Other Current Assets	223.96	13.76	12.39	15.2	1.91
Total Current Assets	494.37	366.08	330.73	345.3	323.13
Property, Plant & Equipment	39.34	39.23	57.5	65.28	73.69
Goodwill	60.9	236.88	239.15	237.74	240.21
Long-Term Deferred Tax Assets	104.04	121.03	104.71	11.78	-
Long-Term Deferred Charges	-	1.41	1.94	1.34	1.64
Other Long-Term Assets	19.83	31.89	34.17	48.58	55.02
Total Assets	718.48	796.51	768.21	710.02	693.69
Accounts Payable	23.09	35.25	38.56	67.46	64.43
Accrued Expenses	-	25.05	22.78	29.68	26.82
Current Portion of Long-Term Debt	2.94	7.14	119.8	118.74	41.82
Current Portion of Leases	6.43	5.68	6.79	6.77	7.35
Current Income Taxes Payable	-	11.73	4.41	-	-
Current Unearned Revenue	31.52	47.07	46.22	62.38	57.23
Other Current Liabilities	133.96	35.66	33.84	37.05	26.82
Total Current Liabilities	197.95	167.57	272.39	322.07	224.46
Long-Term Debt	109.14	120.78	10.5	11.16	112.81
Long-Term Leases	14.66	14.73	18.97	24.11	29.12
Long-Term Unearned Revenue	-	10.2	13.49	18.09	20.94
Pension & Post-Retirement Benefits	-	4.53	5.56	5.04	5.97
Other Long-Term Liabilities	13.49	13.44	10.43	5.04	4.47
Total Liabilities	335.24	331.25	331.33	385.51	397.77
Common Stock	0.11	0.12	0.11	0.11	0.1
Additional Paid-In Capital	2,466	2,433	2,405	2,381	2,387
Retained Earnings	-2,076	-1,953	-1,963	-2,047	-2,088
Comprehensive Income & Other	-6.64	-14.1	-5.71	-9.69	-3.27
Shareholders' Equity	383.25	465.26	436.87	324.51	295.91
Total Liabilities & Equity	718.48	796.51	768.21	710.02	693.69
Total Debt	133.18	148.32	156.05	160.78	191.1
Net Cash (Debt)	-9.08	-46.86	-71.78	-71.2	-57.66
Net Cash Per Share	-0.08	-0.40	-0.61	-0.63	-0.54
Filing Date Shares Outstanding	111.19	117.05	111.91	111.07	103.74
Total Common Shares Outstanding	111.19	116.74	112.41	109.87	102.96
Working Capital	296.42	198.51	58.34	23.23	98.67
Book Value Per Share	3.45	3.99	3.89	2.95	2.87
Tangible Book Value	322.35	228.38	197.72	86.77	55.7
Tangible Book Value Per Share	2.90	1.96	1.76	0.79	0.54
Machinery	-	80.29	77.21	78.33	81.28
Construction In Progress	-	1.08	1.79	2.69	1.89
Leasehold Improvements	-	25.7	40.93	39.2	40.66
Order Backlog	573.8	496.3	653.2	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.