10-Q Filing

HARMAN INTERNATIONAL INDUSTRIES INC /DE/ CIK: 800459 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-097999`
Period End Date	20100331
Filing Date	20100429
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	har-20100331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 66 Cash Flow Statement 77

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$223.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$334.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$586.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$300.59M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$123.77M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$569.18M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$415.84M	USD	Point-in-time
Inventories, net	`InventoryNet`	$361.52M	USD	Point-in-time
Inventories, net	`InventoryNet`	$333.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$170.42M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$151.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.51B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.51B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$436.41M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$518.60M	USD	Point-in-time
Goodwill	`Goodwill`	$88.11M	USD	Point-in-time
Goodwill	`Goodwill`	$81.88M	USD	Point-in-time
Deferred tax assets, long-term	`DeferredTaxAssetsNetNoncurrent`	$274.31M	USD	Point-in-time
Deferred tax assets, long-term	`DeferredTaxAssetsNetNoncurrent`	$269.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$99.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$92.39M	USD	Point-in-time
Total Assets	`Assets`	$2.47B	USD	Point-in-time
Total Assets	`Assets`	$2.40B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$605.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$605.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$241.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$333.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$370.83M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$362.78M	USD	Point-in-time
Accrued warranties	`ProductWarrantyAccrualClassifiedCurrent`	$104.27M	USD	Point-in-time
Accrued warranties	`ProductWarrantyAccrualClassifiedCurrent`	$116.67M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.67M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$22.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$743.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$815.97M	USD	Point-in-time
Borrowings under revolving credit facility	`LongTermLineOfCredit`	$227.32M	USD	Point-in-time
Convertible senior notes	`ConvertibleDebtNoncurrent`	$358.99M	USD	Point-in-time
Convertible senior notes	`ConvertibleDebtNoncurrent`	$347.84M	USD	Point-in-time
Other senior debt	`OtherLongTermDebtNoncurrent`	$1.53M	USD	Point-in-time
Other senior debt	`OtherLongTermDebtNoncurrent`	$1.02M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$175.02M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$145.36M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.47B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.35B	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$949.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$951.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$869.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$887.09M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$57.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$56.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.13B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.15B	USD	Point-in-time
Less: Common stock held in treasury	`TreasuryStockValue`	$1.05B	USD	Point-in-time
Less: Common stock held in treasury	`TreasuryStockValue`	$1.05B	USD	Point-in-time
Total Harman International Industries, Incorporated Shareholders' Equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total Harman International Industries, Incorporated Shareholders' Equity	`StockholdersEquity`	$1.05B	USD	Point-in-time
Noncontrolling Interest	`MinorityInterest`	$786.00K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.01B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.47B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.40B	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$598.28M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.54B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$2.22B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$848.23M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$484.99M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.69B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$621.92M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.86B	USD	3 Qtrs
Gross profit	`GrossProfit`	$684.75M	USD	3 Qtrs
Gross profit	`GrossProfit`	$532.08M	USD	3 Qtrs
Gross profit	`GrossProfit`	$226.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$113.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$590.84M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$203.43M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$195.74M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$630.86M	USD	3 Qtrs
Loss on deconsolidation of variable interest entity	`DeconsolidationGainOrLossAmount`	$-13.12M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$2.34M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$327.79M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$12.29M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-92.48M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$68.50M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$30.57M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-426.57M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$5.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.77M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$23.93M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$11.14M	USD	3 Qtrs
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-723.00K	USD	1 Quarter
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-1.60M	USD	1 Quarter
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-3.84M	USD	3 Qtrs
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-1.75M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$40.72M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.20M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-439.46M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-98.20M	USD	1 Quarter
Income tax expense (benefit), net	`IncomeTaxExpenseBenefit`	$10.54M	USD	3 Qtrs
Income tax expense (benefit), net	`IncomeTaxExpenseBenefit`	$4.94M	USD	1 Quarter
Income tax expense (benefit), net	`IncomeTaxExpenseBenefit`	$-72.52M	USD	3 Qtrs
Income tax expense (benefit), net	`IncomeTaxExpenseBenefit`	$-29.44M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-366.94M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$30.18M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-68.77M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$18.26M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.29M	USD	3 Qtrs
Less: Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-34.00K	USD	3 Qtrs
Net income (loss) attributable to Harman International Industries, Incorporated	`NetIncomeLoss`	$-68.77M	USD	1 Quarter
Net income (loss) attributable to Harman International Industries, Incorporated	`NetIncomeLoss`	$-366.91M	USD	3 Qtrs
Net income (loss) attributable to Harman International Industries, Incorporated	`NetIncomeLoss`	$24.89M	USD	3 Qtrs
Net income (loss) attributable to Harman International Industries, Incorporated	`NetIncomeLoss`	$18.26M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.35	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-6.27	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-6.27	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.35	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.17	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	58.57M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	70.30M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	70.53M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	58.54M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.79M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	58.54M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	58.57M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.28M	shares	1 Quarter

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) attributable to Harman International Industries, Incorporated	`NetIncomeLoss`	$-68.77M	USD	1 Quarter
Net income (loss) attributable to Harman International Industries, Incorporated	`NetIncomeLoss`	$-366.91M	USD	3 Qtrs
Net income (loss) attributable to Harman International Industries, Incorporated	`NetIncomeLoss`	$24.89M	USD	3 Qtrs
Net income (loss) attributable to Harman International Industries, Incorporated	`NetIncomeLoss`	$18.26M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$100.29M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$108.30M	USD	3 Qtrs
Loss on deconsolidation of variable interest entity	`DeconsolidationGainOrLossAmount`	$-13.12M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$2.34M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$327.79M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$12.29M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$16.47M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$4.91M	USD	3 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$10.41M	USD	3 Qtrs
Non-cash interest expense	`PaidInKindInterest`	$13.10M	USD	3 Qtrs
Noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.29M	USD	3 Qtrs
Noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-34.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.61M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-63.49M	USD	3 Qtrs
Loss on disposition of assets	`GainLossOnDispositionOfAssets`	$-119.00K	USD	3 Qtrs
Loss on disposition of assets	`GainLossOnDispositionOfAssets`	$-1.66M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$175.20M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-135.52M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$37.53M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$37.98M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.86M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-26.79M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$113.03M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-112.05M	USD	3 Qtrs
Accrued warranties	`IncreaseDecreaseInAccruedLiabilities`	$-12.40M	USD	3 Qtrs
Accrued warranties	`IncreaseDecreaseInAccruedLiabilities`	$-19.19M	USD	3 Qtrs
Accrued other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-14.06M	USD	3 Qtrs
Accrued other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$13.09M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-74.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-19.16M	USD	3 Qtrs
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-14.08M	USD	3 Qtrs
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.13M	USD	3 Qtrs
Net cash provided by (used in) operating activities, net of deconsolidation of variable interest entity	`NetCashProvidedByUsedInOperatingActivities`	$-14.91M	USD	3 Qtrs
Net cash provided by (used in) operating activities, net of deconsolidation of variable interest entity	`NetCashProvidedByUsedInOperatingActivities`	$105.57M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$238.09M	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$114.32M	USD	3 Qtrs
Contingent purchase price consideration	`OtherPaymentsToAcquireBusinesses`	$8.23M	USD	3 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfProductiveAssets`	$1.20M	USD	3 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfProductiveAssets`	$1.93M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.02M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.55M	USD	3 Qtrs
Deconsolidation of variable interest entity	`CashDivestedFromDeconsolidation`	$11.35M	USD	3 Qtrs
Other items, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.71M	USD	3 Qtrs
Other items, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.83M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-60.86M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-162.03M	USD	3 Qtrs
Net increase in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$1.00K	USD	3 Qtrs
Net (repayments) borrowings under revolving credit facility	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-228.89M	USD	3 Qtrs
Net (repayments) borrowings under revolving credit facility	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$235.00M	USD	3 Qtrs
Increase (decrease) in long-term borrowings	`ProceedsFromRepaymentsOfLongTermDebt`	$-468.00K	USD	3 Qtrs
Increase (decrease) in long-term borrowings	`ProceedsFromRepaymentsOfLongTermDebt`	$4.01M	USD	3 Qtrs
Dividends paid to shareholders	`PaymentsOfDividends`	$2.20M	USD	3 Qtrs
Share-based payment arrangements	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$101.00K	USD	3 Qtrs
Share-based payment arrangements	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.52M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$9.46M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-223.36M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$222.98M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-35.99M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.94M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$111.21M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-285.77M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$223.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$334.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$586.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$300.59M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$223.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$334.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$586.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$300.59M	USD	Point-in-time
Interest paid (received)	`InterestPaidNet`	$-1.53M	USD	3 Qtrs
Interest paid (received)	`InterestPaidNet`	$12.90M	USD	3 Qtrs
Income tax paid (received)	`IncomeTaxesPaidNet`	$-21.50M	USD	3 Qtrs
Income tax paid (received)	`IncomeTaxesPaidNet`	$1.77M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.