Harmonic Inc. Financial Ratios — HLIT Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	1.21	-1.51	5.59	-8.51	-3.12	-13.4	-15.62	-4.13	-1.08	-4.97	2.06	4.02	11.36	5.01	-5.72
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1.66	- -	-2.42	2.27
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	6.4	- -	10.4	0.41
Gross Margin (%)	48.24	46.25	47.72	48.98	53.77	49.46	47.4	51.84	55.36	51.47	51.22	50.54	45.85	49.18	48.47
EBITDA Margin (%)	9.33	5.55	4.84	4.19	2.17	-4.63	-11.9	4.77	8.89	1.47	6.3	9.78	10.91	20.59	7.8
Operating Margin (%)	0.31	-3.76	-4.68	-4.34	-3.07	-12.92	-18.3	-0.52	4.03	-2.67	3.73	7.82	7.76	18.1	4.72
Incremental Operating Margin (%)	-5.38	- -	- -	- -	- -	- -	- -	- -	-2,677.92	- -	22.64	25.42	7.92	58.39	55.87
Pretax Margin (%)	0.28	-3.71	-5.01	-5.03	-4.26	-19.81	-23.64	-4.2	-1.64	-6.92	1.75	7.12	7.17	14.65	2.46
Profit Margin (%)	1.79	-2.29	8.02	-10.67	-4.15	-17.82	-23.16	-5.21	-1.47	-7.73	2.61	4.51	21.62	8.03	-12.01
Net Income to Common Margin (%)	1.79	-2.29	8.02	-10.67	-4.15	-17.82	-23.16	-5.21	-1.47	-7.73	2.61	4.51	21.62	8.03	-12.01
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	36.65	- -	29.1	86.28
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	- -	- -	- -	98	124	132	135	184	185	190	161	156	135	133
ST Debt	- -	- -	- -	- -	- -	7	8	7	59	19	49	126	127	8	9
LT Debt	- -	- -	- -	- -	98	117	124	127	125	166	141	35	29	127	124
Total Debt/EBITDA	- -	- -	- -	- -	12.04	-6.63	-3.09	7	5.13	33.12	5.95	2.63	3.68	1.34	4.74
Net Debt/EBITDA	-1.99	-3.65	-4.04	-4.02	-3.42	-3.66	-1.75	3.57	1.57	9.45	0.64	0.66	1.09	0.13	-0.43
Total Debt/EBIT	- -	- -	- -	- -	-8.49	-2.37	-2.01	-64.34	11.33	-18.25	10.05	3.29	5.18	1.52	7.82
Net Debt/EBIT	-60.37	5.4	4.18	3.88	2.41	-1.31	-1.14	-32.81	3.46	-5.21	1.07	0.83	1.53	0.15	-0.71
EBITDA to Interest Expense	- -	- -	- -	- -	24.53	-1.77	-3.85	1.69	3.08	0.48	3.01	12.13	20.91	15.55	7.4
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	-18.59	-3.19	-4.88	1.07	2.19	-2.31	1.79	10.29	16.73	14.12	4.48
EBIT to Interest Expense	- -	- -	- -	- -	-34.76	-4.93	-5.92	-0.18	1.39	-0.88	1.78	9.69	14.87	13.67	4.48
Interest Expense	- -	- -	- -	- -	- -	11	11	11	12	12	11	5	2	6	4
Common Equity/Total Assets	-254.43	-261.86	-303.9	-392.94	-362.66	-356.66	-405.02	-404.7	-352.76	-355.2	-300.98	-288.23	-255.46	-245.24	-288.98
Long-Term Debt/Equity (%)	- -	- -	- -	- -	29.95	43.29	56.83	55.86	49.01	64.14	47.52	10.87	6.74	27.26	32.3
Long-Term Debt/Capital (%)	- -	- -	- -	- -	-5.44	-6.33	-6.44	-6.6	-6.62	-8.64	-7.43	-1.87	-1.63	-6.97	-6.37
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	18.72	21.15	24.42	24.96	21.27	28.01	20.33	4.97	3.83	15.92	17.23
Total Debt/Equity (%)	- -	- -	- -	- -	29.95	45.98	60.32	59	72.15	71.54	64.09	49.55	35.72	28.95	34.75
Total Debt/Capital (%)	- -	- -	- -	- -	-5.44	-6.72	-6.84	-6.97	-9.74	-9.64	-10.02	-8.53	-8.64	-7.41	-6.85
Total Debt/Total Assets (%)	- -	- -	- -	- -	18.72	22.46	25.92	26.36	31.31	31.24	27.42	22.64	20.31	16.91	18.54
Net Debt to Equity	-16.12	-17.47	-18.28	-19.64	-8.5	25.43	34.2	30.09	22.04	20.41	6.84	12.42	10.53	2.76	-3.14
Net Debt/Capital (%)	4.64	4.89	4.67	3.72	1.44	-3.61	-3.77	-3.44	-2.84	-2.62	-1	-2.04	-2.43	-0.67	0.58
EBITDA	46	26	22	18	8	-19	-43	19	36	6	32	61	42	101	28
EBITDA-CapEx	29	14	8	8	-6	-34	-54	12	26	-27	19	52	34	91	17
Operating Income (Loss)	2	-18	-22	-19	-12	-52	-66	-2	16	-10	19	49	30	88	17

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	1.43	1.96	2	1.17	1.8	0.43	0.4	0.48	0.48	0.67	0.59	0.28	0.31	0.53	0.63
Current Ratio	3.47	3.86	3.86	2.59	3.37	1.5	1.21	1.44	1.31	1.62	1.44	1.07	1.21	2.94	2.5
Quick Ratio	2.41	2.79	2.89	2.02	2.62	1.07	0.94	1.17	1.02	1.19	1.02	0.63	0.85	1.28	1.07
CFO/Avg Current Liab	0.37	0.66	0.57	0.54	0.07	- -	0.02	0.09	0.19	0.23	0.22	0.02	0.02	0.27	0.55
Common Equity/Total Assets	-254.43	-261.86	-303.9	-392.94	-362.66	-356.66	-405.02	-404.7	-352.76	-355.2	-300.98	-288.23	-255.46	-245.24	-288.98
Long-Term Debt/Equity (%)	- -	- -	- -	- -	29.95	43.29	56.83	55.86	49.01	64.14	47.52	10.87	6.74	27.26	32.3
Long-Term Debt/Capital (%)	- -	- -	- -	- -	-5.44	-6.33	-6.44	-6.6	-6.62	-8.64	-7.43	-1.87	-1.63	-6.97	-6.37
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	18.72	21.15	24.42	24.96	21.27	28.01	20.33	4.97	3.83	15.92	17.23
Total Debt/Equity (%)	- -	- -	- -	- -	29.95	45.98	60.32	59	72.15	71.54	64.09	49.55	35.72	28.95	34.75
Total Debt/Capital (%)	- -	- -	- -	- -	-5.44	-6.72	-6.84	-6.97	-9.74	-9.64	-10.02	-8.53	-8.64	-7.41	-6.85
Total Debt/Total Assets (%)	- -	- -	- -	- -	18.72	22.46	25.92	26.36	31.31	31.24	27.42	22.64	20.31	16.91	18.54
CFO/Total Liabilities	26.6	43.15	48.03	43.58	3.23	0.15	1.06	4.35	9.41	11.75	10.33	1.42	2.13	18.69	32.21
CFO/CapEx	2.62	5.62	3.69	4.71	0.44	0.03	0.27	1.74	3.03	1.22	3.16	0.59	0.83	6.74	9.74
Altman's Z-Score	-2.06	-2.01	-0.81	-4.14	-5.37	-7.69	-10.38	-8.56	-5.66	-5.86	-3.12	-2.2	-1.5	0.71	-1.23

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	4.64	4.87	5.74	5.81	5.25	5.19	4.58	5.32	4.73	4.9	6.55	6.35	3.11	3.42	3.14
Days Sales Outstanding	78.65	74.94	63.6	62.8	69.54	70.26	79.78	68.58	77.14	74.54	55.69	57.52	117.42	106.63	116.26
Inventory Turnover	3.95	3.8	4.77	6.35	4.87	5.13	5.61	7.53	6.58	5.74	4.66	3.22	2.05	3.91	4.09
Days Inventory Outstanding	92.46	96.06	76.47	57.48	74.93	71.17	65.06	48.47	55.48	63.61	78.36	113.46	177.79	93.45	89.3
Accounts Payable Turnover	9.38	8.93	8.96	11.51	10.4	8.6	5.59	5.8	4.91	5.89	6.45	5.44	3.27	6.2	7.41
Accounts Payable Turnover Days	38.9	40.87	40.76	31.7	35.09	42.43	65.33	62.92	74.4	61.99	56.62	67.08	111.58	58.92	49.24
Cash Conversion Cycle	132.21	130.12	99.31	88.58	109.38	99	79.51	54.12	58.23	76.16	77.43	103.89	183.63	141.17	156.31
Inventory to Cash Days	-13.81	-21.12	-12.88	5.32	-5.39	-0.91	14.72	20.11	21.66	10.93	-22.67	-55.94	-60.36	13.18	26.96
Inventories	71	64	37	33	39	41	26	26	29	35	71	121	84	43	48
Raw Materials	14	11	2	1	17	21	15	12	13	11	30	52	35	13	11
Work In Process	4	4	1	1	2	2	1	1	2	2	4	3	5	2	4
Finished Goods	52	49	34	30	20	18	10	12	14	23	38	65	44	27	32
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	580	590	786	648	356	389	340	404	699	717	1,193	1,377	1,456	1,523	1,124
- Cash & Cash Equivalents	91	97	90	73	126	56	57	66	93	99	133	90	84	101	124
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	98	124	132	135	184	185	190	161	156	135	133
Enterprise Value	419	389	616	544	302	450	415	473	790	803	1,250	1,448	1,528	1,556	1,133
Total Capital	-1,868	-1,879	-1,842	-1,888	-1,806	-1,852	-1,926	-1,933	-1,888	-1,916	-1,898	-1,886	-1,806	-1,819	-1,943
Total Debt/Capital (%)	- -	- -	- -	- -	-5.44	-6.72	-6.84	-6.97	-9.74	-9.64	-10.02	-8.53	-8.64	-7.41	-6.85
Total Debt / EV	- -	- -	- -	- -	0.33	0.28	0.32	0.28	0.23	0.23	0.15	0.11	0.1	0.09	0.12
EV/Sales	0.85	0.82	1.33	1.25	0.8	1.11	1.16	1.17	1.96	2.12	2.47	2.32	3.93	3.19	3.14
EV/EBITDA	9.14	14.7	27.52	29.92	36.94	- -	- -	24.57	22.03	143.86	39.1	23.69	36.04	15.48	40.31
EV/EBIT	277.8	- -	- -	- -	- -	- -	- -	- -	48.66	- -	66.08	29.63	50.69	17.61	66.53
EV/Cash Flow to Firm	9.27	5.5	11.45	11.48	45.19	45.07	29.81	17.89	18.91	15.43	21.98	167	113.25	23.4	10.45
EV/Free Cash Flow to Firm	6.7	4.67	9.01	9.46	14.34	17.94	16.39	14.12	15.16	9.53	17.89	80.79	69.55	20.56	9.48
Diluted Market Cap	587	590	796	648	356	389	340	404	699	717	1,249	1,472	1,530	1,554	1,129
Diluted Enterprise Value	496	494	705	575	328	457	415	473	790	803	1,305	1,543	1,602	1,588	1,138
EV per Share	3.63	3.34	5.78	5.88	3.45	5.8	5.12	5.52	8.81	8.28	12.32	13.78	13.68	13.52	9.97
TTM Sales	491	477	462	434	377	406	358	404	403	379	507	625	388	488	361
TTM EBITDA	46	26	22	18	8	-19	-43	19	36	6	32	61	42	101	28
TTM Operating Income	2	-18	-22	-19	-12	-52	-66	-2	16	-10	19	49	30	88	17
TTM Cash Flow to Firm	45	71	54	47	7	10	14	26	42	52	57	9	13	67	108
TTM Free Cash Flow to Firm	62	83	68	57	21	25	25	33	52	84	70	18	22	76	120

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	9.4	7.08	11.64	11.29	17.2	24.99	23.51	20.91	16.79	10.04	23.13	99.97	98.52	21.86	9.49
EV/EBIT	277.8	- -	- -	- -	- -	- -	- -	- -	48.66	- -	66.08	29.63	50.69	17.61	66.53
Enterprise Value	419	389	616	544	302	450	415	473	790	803	1,250	1,448	1,528	1,556	1,133
Low Price	3.85	3.76	4.85	5.6	4.07	2.51	2.8	2.9	4.51	4.44	6.69	8.25	8.8	9.1	7.8
EV/Sales	0.85	0.82	1.33	1.25	0.8	1.11	1.16	1.17	1.96	2.12	2.47	2.32	3.93	3.19	3.14
EV/EBITDA	9.14	14.7	27.52	29.92	36.94	- -	- -	24.57	22.03	143.86	39.1	23.69	36.04	15.48	40.31
Price/Earnings	66.12	- -	21.23	- -	- -	- -	- -	- -	- -	- -	90.04	48.84	17.33	38.84	- -
Price/Earnings Average	89.62	-51.08	18.94	-13.53	-36.18	-4.16	-4.47	-18.34	-95.63	-20.31	66.77	40.63	17.41	37.03	-25.98
Price/Earnings High	131.85	-72.51	23.74	-15.49	-44.59	-6.59	-6.03	-25.72	-126.86	-28.39	93.57	58.91	24.5	45.38	-35.9
Price/Earnings Low	50.51	-40.04	13.95	-11.21	-22.74	-2.7	-2.73	-11.8	-68.19	-14.71	51.22	30.76	11.7	26.71	-20.47
Price/Book Value	-0.31	-0.31	-0.43	-0.34	-0.19	-0.2	-0.17	-0.2	-0.34	-0.34	-0.57	-0.67	-0.74	-0.78	-0.54
Price/Book Value Average	-0.42	-0.3	-0.38	-0.33	-0.3	-0.15	-0.18	-0.19	-0.27	-0.28	-0.42	-0.56	-0.75	-0.74	-0.54
Price/Book Value High	-0.62	-0.42	-0.48	-0.38	-0.37	-0.24	-0.24	-0.26	-0.36	-0.4	-0.59	-0.81	-1.05	-0.91	-0.75
Price/Book Value Low	-0.24	-0.23	-0.28	-0.27	-0.19	-0.1	-0.11	-0.12	-0.19	-0.2	-0.33	-0.42	-0.5	-0.54	-0.43
Price/Tangible Book Value	2.2	2.09	2.97	3.97	2.82	94.05	-7.43	-16.05	65.82	48.99	21.09	15.86	7.36	3.77	3.49
Price/Tangible Book Value Average	2.98	1.98	2.65	3.83	4.49	72.75	-8.1	-15.32	53.37	40.63	15.64	13.2	7.4	3.59	3.49
Price/Tangible Book Value High	4.38	2.81	3.32	4.39	5.53	115.31	-10.93	-21.48	70.8	56.81	21.92	19.13	10.41	4.4	4.82
Price/Tangible Book Value Low	1.68	1.55	1.95	3.17	2.82	47.21	-4.95	-9.86	38.06	29.43	12	9.99	4.97	2.59	2.75
Price/Sales	1.18	1.24	1.7	1.5	0.94	0.96	0.95	1	1.73	1.89	2.35	2.2	3.75	3.12	3.12
Price/Sales Average	1.6	1.17	1.52	1.44	1.5	0.74	1.03	0.96	1.41	1.57	1.74	1.83	3.76	2.97	3.12
Price/Sales High	2.36	1.66	1.9	1.65	1.85	1.17	1.4	1.34	1.87	2.19	2.45	2.66	5.3	3.65	4.31
Price/Sales Low	0.9	0.92	1.12	1.2	0.94	0.48	0.63	0.62	1	1.14	1.34	1.39	2.53	2.15	2.46
Price/Cash Flow	12.85	8.34	14.62	13.69	56.08	887.04	111	32.9	22.33	18.3	29.1	251.38	206.25	24.6	10.41
Price/Cash Flow Average	17.42	7.89	13.05	13.21	89.22	686.17	121.01	31.41	18.1	15.18	21.57	209.13	207.16	23.46	10.42
Price/Cash Flow High	25.62	11.2	16.35	15.13	109.96	1,087.52	163.19	44.05	24.01	21.22	30.23	303.19	291.5	28.74	14.4
Price/Cash Flow Low	9.82	6.18	9.61	10.95	56.08	445.3	74	20.21	12.91	10.99	16.55	158.31	139.19	16.92	8.21
Price/Free Cash Flow Average	12.74	6.7	10.39	10.9	27.37	19.33	25.64	19.96	13.61	8.33	17.15	83.17	98.95	20.84	9.49
Price/Free Cash Flow High	18.74	9.51	13.01	12.47	33.73	30.64	34.57	27.99	18.06	11.64	24.03	120.57	139.24	25.54	13.12
Price/Free Cash Flow Low	7.18	5.25	7.65	9.03	17.2	12.55	15.68	12.85	9.71	6.03	13.16	62.96	66.48	15.04	7.48
EV/Sales Average	1.42	0.97	1.32	1.28	1.43	0.91	1.24	1.13	1.63	1.8	1.86	1.95	3.95	3.04	3.15
EV/Sales High	2.17	1.46	1.71	1.48	1.78	1.34	1.6	1.51	2.09	2.42	2.56	2.77	5.48	3.71	4.34
EV/Sales Low	0.72	0.72	0.92	1.03	0.87	0.65	0.84	0.79	1.23	1.36	1.45	1.5	2.71	2.21	2.48
EV/EBITDA Average	15.19	17.45	27.32	30.43	65.97	-19.67	-10.44	23.62	18.35	121.96	29.45	19.9	36.19	14.78	40.34
EV/EBITDA High	23.29	26.3	35.25	35.41	82.09	-29.03	-13.47	31.68	23.51	164.37	40.56	28.33	50.23	18.04	55.63
EV/EBITDA Low	7.7	12.88	19.06	24.52	40.2	-14.05	-7.07	16.47	13.81	92.6	23.01	15.35	24.87	10.75	31.86
EV/EBIT Average	461.73	-25.79	-28.28	-29.39	-46.54	-7.04	-6.79	-217.16	40.52	-67.2	49.78	24.89	50.9	16.81	66.59
EV/EBIT High	707.71	-38.87	-36.5	-34.21	-57.92	-10.4	-8.76	-291.34	51.92	-90.57	68.55	35.44	70.66	20.52	91.82
EV/EBIT Low	233.87	-19.04	-19.74	-23.68	-28.36	-5.03	-4.6	-151.44	30.5	-51.02	38.89	19.2	34.98	12.23	52.58
Last Price	5.04	5.07	7.38	7.01	4.07	5	4.2	4.72	7.8	7.39	11.76	13.1	13.04	13.23	9.89
High Price	10.05	6.81	8.25	7.74	7.98	6.13	6.18	6.32	8.39	8.57	12.22	15.8	18.43	15.46	13.68
Enterprise Value Average	696	462	611	553	539	369	445	455	657	681	942	1,216	1,534	1,485	1,134
Enterprise Value High	1,067	696	789	643	670	545	575	610	842	917	1,297	1,731	2,130	1,813	1,564
Enterprise Value Low	352	341	426	445	328	264	301	317	495	517	736	938	1,054	1,081	896

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	116	114	99	88	76	78	83	87	92	98	103	110	112	117	111
Diluted Weighted Avg Shares	116	116	108	93	88	78	81	86	90	97	106	112	117	117	114
Basic Weighted Avg Shares	115	116	107	93	88	78	81	86	90	97	101	105	112	115	114
Revenue per Share	4.26	4.09	4.34	4.69	4.31	5.22	4.42	4.71	4.5	3.91	5	5.95	3.48	4.24	3.17
EBITDA per Share	0.4	0.23	0.21	0.2	0.09	-0.24	-0.53	0.22	0.4	0.06	0.32	0.58	0.38	0.87	0.25
Operating Income per Share	0.01	-0.15	-0.2	-0.2	-0.13	-0.67	-0.81	-0.02	0.18	-0.1	0.19	0.46	0.27	0.77	0.15
Basic EPS, GAAP	0.08	-0.09	0.35	-0.5	-0.18	-0.93	-1.02	-0.25	-0.07	-0.3	0.13	0.27	0.75	0.34	-0.38
Basic EPS from Cont Ops	0.02	-0.14	0.2	-0.5	-0.18	-0.93	-1.02	-0.25	-0.07	-0.3	0.13	0.27	0.79	0.44	0.01
Diluted EPS, GAAP	0.08	-0.09	0.34	-0.5	-0.18	-0.93	-1.02	-0.25	-0.07	-0.3	0.12	0.25	0.72	0.33	-0.38
Diluted EPS from Cont Ops	0.02	-0.14	0.2	-0.5	-0.18	-0.93	-1.02	-0.25	-0.07	-0.3	0.12	0.25	0.75	0.43	0.01
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.39	0.61	0.5	0.51	0.07	0.01	0.04	0.14	0.35	0.4	0.4	0.05	0.06	0.54	0.95
Free Cash Flow per Basic Share	0.24	0.5	0.37	0.4	-0.09	-0.19	-0.1	0.06	0.23	0.07	0.28	-0.04	-0.01	0.46	0.85
Cash & Equivalents per Share	1.41	1.73	1.6	1.13	1.75	0.81	0.7	0.77	1.04	1.02	1.31	0.85	0.75	0.88	1.09
Book Value per Share	-16.22	-16.13	-17.29	-20.41	-21.75	-25.43	-25.41	-24.15	-23.13	-21.67	-20.57	-19.48	-17.58	-16.97	-18.27
Tangible Book Value per Share	2.29	2.43	2.49	1.77	1.44	0.05	-0.57	-0.29	0.12	0.15	0.56	0.83	1.77	3.51	2.84

Harmonic Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)