10-Q Filing

HARMAN INTERNATIONAL INDUSTRIES INC /DE/ CIK: 800459 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-042945`
Period End Date	20111231
Filing Date	20120207
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	har-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 64 Cash Flow Statement 78

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$544.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$645.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$484.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$603.89M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$223.84M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$317.32M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$579.27M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$634.35M	USD	Point-in-time
Inventories, net	`InventoryNet`	$493.69M	USD	Point-in-time
Inventories, net	`InventoryNet`	$423.14M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$221.84M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$184.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.12B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.11B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$470.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$432.92M	USD	Point-in-time
Goodwill	`Goodwill`	$184.93M	USD	Point-in-time
Goodwill	`Goodwill`	$119.36M	USD	Point-in-time
Deferred tax assets, long-term	`DeferredTaxAssetsNetNoncurrent`	$229.94M	USD	Point-in-time
Deferred tax assets, long-term	`DeferredTaxAssetsNetNoncurrent`	$205.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$130.74M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$145.18M	USD	Point-in-time
Total assets	`Assets`	$3.06B	USD	Point-in-time
Total assets	`Assets`	$3.09B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$387.16M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$386.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$1.78M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$219.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$473.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$485.61M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$436.54M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$377.79M	USD	Point-in-time
Accrued warranties	`ProductWarrantyAccrualClassifiedCurrent`	$122.40M	USD	Point-in-time
Accrued warranties	`ProductWarrantyAccrualClassifiedCurrent`	$113.24M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.99M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$11.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.05B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.38B	USD	Point-in-time
Convertible senior notes	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Convertible senior notes	`ConvertibleDebtNoncurrent`	$378.40M	USD	Point-in-time
Pension liability	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$142.14M	USD	Point-in-time
Pension liability	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$140.62M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$66.72M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$102.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.63B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$956.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$958.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$923.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$915.43M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$77.52M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$136.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.42B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.52B	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 shareholders' equity	`StockholdersEquity`	$1.47B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.13B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.28B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.42B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.09B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.06B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$2.18B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.13B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$956.08M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.79B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$687.34M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$821.49M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.30B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.58B	USD	2 Qtrs
Gross profit	`GrossProfit`	$493.31M	USD	2 Qtrs
Gross profit	`GrossProfit`	$305.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$593.18M	USD	2 Qtrs
Gross profit	`GrossProfit`	$268.74M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$423.93M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$382.75M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$210.17M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$200.92M	USD	1 Quarter
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	$13.00K	USD	1 Quarter
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	-	USD	2 Qtrs
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	$301.00K	USD	2 Qtrs
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$169.56M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$67.82M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$110.56M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$95.38M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$4.06M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.34M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$11.91M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$5.76M	USD	1 Quarter
Foreign exchange losses, net	`ForeignCurrencyTransactionGainLossRealized`	$-11.60M	USD	2 Qtrs
Foreign exchange losses, net	`ForeignCurrencyTransactionGainLossRealized`	$-625.00K	USD	2 Qtrs
Foreign exchange losses, net	`ForeignCurrencyTransactionGainLossRealized`	$-7.37M	USD	1 Quarter
Foreign exchange losses, net	`ForeignCurrencyTransactionGainLossRealized`	$-523.00K	USD	1 Quarter
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-3.31M	USD	2 Qtrs
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-3.40M	USD	2 Qtrs
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-1.96M	USD	1 Quarter
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-1.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.65M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$94.72M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$145.22M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$81.99M	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$22.74M	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$14.28M	USD	2 Qtrs
Income tax expense, net	`IncomeTaxExpenseBenefit`	$6.60M	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$37.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$59.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$107.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$53.05M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.75	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.14	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.51	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.13	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.49	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.74	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	71.46M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	70.97M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	71.27M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	70.82M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.08M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.36M	shares	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$59.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$107.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$53.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.59M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$60.19M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.04M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$53.92M	USD	2 Qtrs
Loss on disposition of assets	`GainLossOnDispositionOfAssets`	$-851.00K	USD	2 Qtrs
Loss on disposition of assets	`GainLossOnDispositionOfAssets`	$-272.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$7.92M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$5.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$9.33M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$5.40M	USD	1 Quarter
Non-cash interest expense	`OtherNoncashIncomeTaxExpense`	$10.13M	USD	2 Qtrs
Non-cash interest expense	`OtherNoncashIncomeTaxExpense`	$9.70M	USD	2 Qtrs
Receivables, net	`IncreaseDecreaseInReceivables`	$-37.23M	USD	2 Qtrs
Receivables, net	`IncreaseDecreaseInReceivables`	$93.78M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$97.24M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$53.64M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.20M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$59.53M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.88M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.63M	USD	2 Qtrs
Accrued warranties	`IncreaseDecreaseInAccruedLiabilities`	$6.48M	USD	2 Qtrs
Accrued warranties	`IncreaseDecreaseInAccruedLiabilities`	$-9.16M	USD	2 Qtrs
Accrued other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$19.57M	USD	2 Qtrs
Accrued other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-30.39M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.23M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-556.00K	USD	2 Qtrs
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$14.57M	USD	2 Qtrs
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.24M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$90.63M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.81M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$302.18M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$327.98M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$80.83M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$395.67M	USD	2 Qtrs
Acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.77M	USD	2 Qtrs
Acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$70.53M	USD	2 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfProductiveAssets`	$2.84M	USD	2 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfProductiveAssets`	$2.25M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.58M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$52.95M	USD	2 Qtrs
Other items, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.86M	USD	2 Qtrs
Other items, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-640.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-278.80M	USD	2 Qtrs
Net decrease in short-term borrowings	`RepaymentsOfShortTermDebt`	$1.35M	USD	2 Qtrs
Net decrease in short-term borrowings	`RepaymentsOfShortTermDebt`	$12.95M	USD	2 Qtrs
Debt issuance costs for revolving credit facility	`PaymentsOfDebtIssuanceCosts`	$7.00M	USD	2 Qtrs
Debt issuance costs for revolving credit facility	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Other (decrease) increase in long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-9.27M	USD	2 Qtrs
Other (decrease) increase in long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$3.25M	USD	2 Qtrs
Dividends to shareholders	`PaymentsOfDividends`	$10.50M	USD	2 Qtrs
Dividends to shareholders	`PaymentsOfDividends`	-	USD	2 Qtrs
Net proceeds (used in) provided by share-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$-26.00K	USD	2 Qtrs
Net proceeds (used in) provided by share-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.33M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.38M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.14M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$41.25M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-31.66M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-161.29M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-59.09M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$544.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$645.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$484.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$603.89M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$544.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$645.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$484.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$603.89M	USD	Point-in-time
Interest paid	`InterestPaid`	$1.43M	USD	2 Qtrs
Interest paid	`InterestPaid`	$3.19M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$6.01M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$2.97M	USD	2 Qtrs
Accrued and contingent acquisition-related liabilities	`AccruedAndContingentAcquisitionRelatedLiabilities`	$1.69M	USD	2 Qtrs
Accrued and contingent acquisition-related liabilities	`AccruedAndContingentAcquisitionRelatedLiabilities`	$28.02M	USD	2 Qtrs

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