Harmonic Inc. (HLIT)

Harmonic Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	572.32	607.91	624.96	507.15	378.83	402.87
Revenue Growth (YoY)	-9.89%	-2.73%	23.23%	33.87%	-5.97%	-0.17%
Cost of Revenue	280.75	295.36	309.07	247.41	183.83	179.86
Gross Profit	291.57	312.55	315.88	259.74	195	223.01
Selling, General & Admin	162.87	163.28	146.72	138.09	119.61	119.04
Research & Development	123.48	126.28	120.31	102.23	82.49	84.61
Other Operating Expenses	3.76	0.81	3.34	0.62	5.34	6.28
Operating Expenses	290.11	290.37	270.37	240.93	207.45	209.93
Operating Income	1.47	22.17	45.52	18.81	-12.45	13.08
Interest Expense / Income	2.71	2.7	5.04	10.63	11.51	11.65
Other Expense / Income	0.33	0.34	-4.01	-0.69	2.26	8.03
Pretax Income	-1.58	19.14	44.49	8.87	-26.22	-6.6
Income Tax	-72.39	-64.85	16.3	-4.38	3.05	-0.67
Net Income	70.81	83.99	28.18	13.25	-29.27	-5.92
Net Income Growth	103.46%	198.04%	112.63%	-	-	-
Shares Outstanding (Basic)	112	112	105	101	97	90
Shares Outstanding (Diluted)	112	117	112	106	97	90
Shares Change	-4.59%	4.43%	5.85%	9.49%	8.26%	4.63%
EPS (Basic)	0.63	0.75	0.27	0.13	-0.30	-0.07
EPS (Diluted)	0.60	0.72	0.25	0.12	-0.30	-0.07
EPS Growth	93.55%	188.00%	108.33%	-	-	-
Free Cash Flow	19.55	-1.42	-3.77	28.04	6.96	20.97
Free Cash Flow Per Share	0.17	-0.01	-0.04	0.28	0.07	0.23
Gross Margin	50.95%	51.41%	50.54%	51.22%	51.47%	55.36%
Operating Margin	0.26%	3.65%	7.28%	3.71%	-3.29%	3.25%
Profit Margin	12.37%	13.82%	4.51%	2.61%	-7.73%	-1.47%
Free Cash Flow Margin	3.42%	-0.23%	-0.60%	5.53%	1.84%	5.20%
Effective Tax Rate	-	-338.82%	36.65%	-49.41%	-	-
EBITDA	13.45	34.09	61.79	32.55	1	24.66
EBITDA Margin	2.35%	5.61%	9.89%	6.42%	0.26%	6.12%
Depreciation & Amortization	12.31	12.26	12.26	13.05	15.71	19.61
EBIT	1.14	21.84	49.53	19.5	-14.71	5.06
EBIT Margin	0.20%	3.59%	7.92%	3.84%	-3.88%	1.25%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).