Consolidated Balance Sheets Harman International Industries, Incorporated, and Subsidiaries
	June 30, 2001 and 2000 ($000s omitted except share amounts)
Assets	2001	2000
Current assets
Cash and cash equivalents	$ 2,748	4,365
Receivables (less allowance for doubtful accounts of $11,457 in 2001 and $11,760 in 2000)	315,817	306,596
Inventories (note 2)	317,500	298,273
Other current assets	72,806	61,792
Total current assets	708,871	671,026
Property, plant and equipment, net (notes 3, 5 and 6)	264,136	251,737
Excess of cost over fair value of assets acquired (less accumulated amortization of $40,645 in 2001 and $32,196 in 2000)	145,258	166,647
Other assets	44,120	48,095
Total assets	$1,162,385	1,137,505
Liabilities and Shareholders' Equity
Current liabilities
Short-term borrowings (notes 4 and 5)	$ 19,394	14,969
Current portion of long-term debt (note 5)	5,544	7,537
Accounts payable	151,478	161,333
Accrued liabilities	173,739	177,542
Total current liabilities	350,155	361,381
Borrowings under revolving credit facility (note 5)	108,072	11,835
Senior long-term debt (note 5)	235,750	242,983
Other noncurrent liabilities	44,537	33,918
Minority interest	929	1,055
Shareholders’ equity (notes 5 and 7)
Preferred stock, $.01 par value. Authorized 5,000,000 shares; none issued and outstanding	—	—
Common stock, $.01 par value. Authorized 100,000,000 shares; issued 37,749,931 shares in 2001 and 37,550,608 shares in 2000	377	188
Additional paid-in capital	297,515	292,897
Accumulated other comprehensive income:
Unrealized gains on hedging derivatives	2,785	—
Equity adjustment from foreign currency translation	(92,288)	(59,131)
Retained earnings	351,525	322,383
Less common stock held in treasury (5,689,300 shares in 2001 and 3,488,000 shares in 2000)	(136,972)	(70,004)
Total shareholders’ equity	422,942	486,333
Commitments and contingencies (notes 6, 10 and 12)
Total liabilities and shareholders’ equity	$1,162,385	1,137,505

See accompanying notes to consolidated financial statements.