10-Q Filing

HARMAN INTERNATIONAL INDUSTRIES INC /DE/ CIK: 800459 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-196242`
Period End Date	20120331
Filing Date	20120430
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	har-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 64 Cash Flow Statement 82

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$640.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$645.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$426.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$603.89M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$127.20M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$317.32M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$689.02M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$579.27M	USD	Point-in-time
Inventories, net	`InventoryNet`	$423.14M	USD	Point-in-time
Inventories, net	`InventoryNet`	$501.07M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$184.53M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$237.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.11B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.20B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$470.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$437.92M	USD	Point-in-time
Goodwill	`Goodwill`	$186.44M	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`	$316.96M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$130.74M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$145.44M	USD	Point-in-time
Total assets	`Assets`	$3.06B	USD	Point-in-time
Total assets	`Assets`	$3.28B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$386.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$391.27M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$1.78M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$246.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$473.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$461.57M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$410.36M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$436.54M	USD	Point-in-time
Accrued warranties	`ProductWarrantyAccrualClassifiedCurrent`	$122.40M	USD	Point-in-time
Accrued warranties	`ProductWarrantyAccrualClassifiedCurrent`	$102.38M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.31M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.99M	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`	$378.40M	USD	Point-in-time
Convertible senior notes	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Pension liability	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$146.54M	USD	Point-in-time
Pension liability	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$142.14M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$66.72M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$101.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.63B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.63B	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`	$961.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$937.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$915.43M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$82.45M	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`	$1.68B	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`	$1.42B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.13B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.66B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.28B	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`	$2.74B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$1.10B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$3.27B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$948.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.39B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.00B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$803.04M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$699.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$742.14M	USD	3 Qtrs
Gross profit	`GrossProfit`	$885.81M	USD	3 Qtrs
Gross profit	`GrossProfit`	$292.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$248.82M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$594.11M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$211.36M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$656.68M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$232.75M	USD	1 Quarter
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	$301.00K	USD	3 Qtrs
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	$16.18M	USD	3 Qtrs
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	-	USD	1 Quarter
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	$16.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$59.88M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$164.21M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$53.65M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$229.43M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$17.17M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$5.39M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$14.73M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$5.26M	USD	1 Quarter
Foreign exchange losses, net	`ForeignCurrencyTransactionGainLossRealized`	$-161.00K	USD	1 Quarter
Foreign exchange losses, net	`ForeignCurrencyTransactionGainLossRealized`	$-109.00K	USD	1 Quarter
Foreign exchange losses, net	`ForeignCurrencyTransactionGainLossRealized`	$-11.71M	USD	3 Qtrs
Foreign exchange losses, net	`ForeignCurrencyTransactionGainLossRealized`	$-786.00K	USD	3 Qtrs
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-841.00K	USD	1 Quarter
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-4.24M	USD	3 Qtrs
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-4.61M	USD	3 Qtrs
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-1.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$53.53M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$141.64M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$198.76M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.92M	USD	1 Quarter
Income tax (benefit) expense, net	`IncomeTaxExpenseBenefit`	$10.32M	USD	1 Quarter
Income tax (benefit) expense, net	`IncomeTaxExpenseBenefit`	$-81.52M	USD	3 Qtrs
Income tax (benefit) expense, net	`IncomeTaxExpenseBenefit`	$-119.12M	USD	1 Quarter
Income tax (benefit) expense, net	`IncomeTaxExpenseBenefit`	$24.60M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$36.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$172.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$280.28M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$2.41	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.65	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$3.93	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.64	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.38	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.88	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	71.62M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	70.92M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	71.12M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	71.39M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.26M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.54M	shares	3 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$36.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$172.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$280.28M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$90.20M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$88.93M	USD	3 Qtrs
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	$301.00K	USD	3 Qtrs
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	$16.18M	USD	3 Qtrs
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	-	USD	1 Quarter
Sale of intellectual property	`GainLossOnSaleOfOtherAssets`	$16.18M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-84.05M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-9.20M	USD	3 Qtrs
Loss on disposition of assets	`GainLossOnDispositionOfAssets`	$-845.00K	USD	3 Qtrs
Loss on disposition of assets	`GainLossOnDispositionOfAssets`	$-1.04M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$5.50M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$13.18M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$3.80M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$13.44M	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashIncomeTaxExpense`	$14.67M	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashIncomeTaxExpense`	$14.46M	USD	3 Qtrs
Receivables, net	`IncreaseDecreaseInReceivables`	$18.66M	USD	3 Qtrs
Receivables, net	`IncreaseDecreaseInReceivables`	$137.92M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$97.87M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$64.20M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.03M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$57.52M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.70M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.61M	USD	3 Qtrs
Accrued warranties	`IncreaseDecreaseInAccruedLiabilities`	$11.44M	USD	3 Qtrs
Accrued warranties	`IncreaseDecreaseInAccruedLiabilities`	$-20.01M	USD	3 Qtrs
Accrued other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$43.59M	USD	3 Qtrs
Accrued other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-25.84M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$316.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.70M	USD	3 Qtrs
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-16.50M	USD	3 Qtrs
Other operating activities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$17.23M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.93M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$135.00M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$370.20M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$484.00M	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$143.22M	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$560.32M	USD	3 Qtrs
Acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.58M	USD	3 Qtrs
Acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$70.53M	USD	3 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfProductiveAssets`	$2.88M	USD	3 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfProductiveAssets`	$2.26M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$77.77M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.18M	USD	3 Qtrs
Other items, net	`PaymentsForProceedsFromOtherInvestingActivities`	$3.54M	USD	3 Qtrs
Other items, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-577.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$40.55M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-405.08M	USD	3 Qtrs
Net decrease in short-term borrowings	`RepaymentsOfShortTermDebt`	$1.31M	USD	3 Qtrs
Net decrease in short-term borrowings	`RepaymentsOfShortTermDebt`	$12.09M	USD	3 Qtrs
Debt issuance costs for revolving credit facility	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Debt issuance costs for revolving credit facility	`PaymentsOfDebtIssuanceCosts`	$7.00M	USD	3 Qtrs
Dividends to shareholders	`PaymentsOfDividends`	$1.75M	USD	3 Qtrs
Dividends to shareholders	`PaymentsOfDividends`	$15.86M	USD	3 Qtrs
Net proceeds provided by share-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.25M	USD	3 Qtrs
Net proceeds provided by share-based compensation	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.84M	USD	3 Qtrs
Other items, net	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$4.66M	USD	3 Qtrs
Other items, net	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-4.05M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.93M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.38M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-24.43M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$59.14M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$36.67M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-218.87M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$640.56M	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`	$426.70M	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`	$640.56M	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`	$426.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$603.89M	USD	Point-in-time
Interest paid	`InterestPaid`	$2.76M	USD	3 Qtrs
Interest paid	`InterestPaid`	$1.27M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$12.48M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$4.11M	USD	3 Qtrs
Accrued and contingent acquisition-related liabilities	`AccruedAndContingentAcquisitionRelatedLiabilities`	$3.75M	USD	3 Qtrs
Accrued and contingent acquisition-related liabilities	`AccruedAndContingentAcquisitionRelatedLiabilities`	$28.02M	USD	3 Qtrs

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