← HARLEY-DAVIDSON, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $692.2m | $521.8m | $531.5m | $423.6m | $1.3m | $650.0m | $741.4m | $706.6m | $455.4m | $338.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $739.2m | $695.0m | $445.2m | $329.2m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | $423.6m | $1.3m | $650.0m | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($2.2m) | — | ($10.2m) | ($9.6m) | |
| Depreciation, Depletion and Amortization | $209.6m | $222.2m | $264.9m | $232.5m | $185.7m | $165.2m | $151.9m | $158.1m | $160.7m | $172.4m | |
| Amortization of Debt Issuance Costs | $9.3m | $8.0m | $8.4m | $9.8m | $14.4m | $13.8m | $15.1m | $13.2m | $14.0m | $13.6m | |
| Amortization of Intangible Assets | $7.0m | $4.2m | — | — | — | — | $800k | $900k | $1.1m | — | |
| Deferred Income Tax Expense (Benefit) | ($165k) | $50.9m | ($34.0m) | $21.5m | ($44.1m) | ($7.7m) | ($15.9m) | ($30.1m) | ($26.3m) | $84.1m | |
| Share-based Payment Arrangement, Noncash Expense | $32.3m | $32.5m | $35.5m | $33.7m | $23.5m | $42.2m | $54.4m | $82.9m | $49.0m | $31.7m | |
| Share-based Payment Arrangement, Expense | $32.3m | $32.5m | $35.5m | $33.7m | $23.5m | $42.2m | $54.4m | $82.9m | $49.0m | $31.7m | |
| Financing Interest Expense | $173.8m | $180.2m | $193.2m | $210.4m | $246.4m | $192.9m | $217.7m | $332.4m | $371.8m | $388.6m | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $145.1m | $227.2m | $247.2m | ($191.4m) | |
| Gain (Loss) on Extinguishment of Debt | ($118k) | $0 | $0 | — | — | — | — | — | — | ($72.6m) | |
| Income Tax Expense (Benefit) | $331.7m | $342.1m | $155.2m | $133.8m | ($17.0m) | $169.2m | $192.0m | $171.8m | $72.0m | $129.6m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $30.7m | $33.4m | |
| Other Nonoperating Income (Expense) | — | — | $3.0m | $16.5m | ($1.8m) | $20.1m | $48.7m | $71.8m | $72.3m | $61.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $45.9m | $18.1m | ($9.1m) | ($44.9m) | ($127.7m) | $53.5m | $82.4m | $11.4m | ($19.8m) | ($32.6m) | |
| Increase (Decrease) in Inventories | ($85.1m) | $20.6m | $31.1m | $47.6m | ($80.9m) | $207.6m | $254.2m | ($21.3m) | ($164.6m) | ($47.6m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | $18.0m | $3.8m | $22.0m | $26.2m | $14.7m | ($9.4m) | $1.4m | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | — | — | — | — | — | ($11.4m) | |
| Goodwill | $53.4m | $55.9m | $55.0m | $64.2m | $66.0m | $63.2m | $62.1m | $62.7m | $61.7m | $63.9m | |
| Proceeds from Contributed Capital | — | — | — | — | — | — | — | — | — | $46.6m | |
| Provision for Loan, Lease, and Other Losses | $136.6m | $132.4m | $106.9m | $134.5m | $181.9m | $25.0m | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $25.0m | — | — | $247.2m | ($191.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $1.2b | $1.0b | $1.2b | $868.3m | $1.2b | $975.7m | $548.5m | $754.9m | $1.1b | $568.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $256.3m | $206.3m | $213.5m | $181.4m | $131.1m | $120.2m | $151.7m | $207.4m | $196.6m | $153.7m | |
| Payments for (Proceeds from) Other Investing Activities | ($411k) | ($547k) | $11.6m | ($17.9m) | ($21.5m) | ($2.1m) | ($2.5m) | $2.2m | ($12.2m) | ($1.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($392.7m) | ($562.5m) | ($662.3m) | ($508.1m) | ($66.8m) | ($459.4m) | ($773.0m) | ($512.3m) | ($383.3m) | $3.8b | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | $465.3m | $465.3m | $390.6m | $296.5m | $8.0m | $11.6m | $338.6m | $364.0m | $459.8m | $353.3m | |
| Dividends paid | $252.3m | $251.9m | $245.8m | $237.2m | $68.1m | $92.4m | $93.2m | $96.3m | $91.2m | $86.4m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | $2.5m | ($2.0m) | $1.9m | $11k | ($787k) | |
| Net Cash Provided by (Used in) Financing Activities | ($734.4m) | ($541.8m) | ($14.8m) | ($712.2m) | $1.4b | ($1.9b) | ($202.0m) | ($174.6m) | ($572.3m) | ($3.0b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($9.4m) | $26.7m | ($15.4m) | ($2.3m) | $18.7m | ($15.3m) | ($19.5m) | $1.7m | ($16.1m) | $13.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($9.4m) | $26.7m | $513.5m | ($354.4m) | $2.5b | ($1.4b) | ($446.0m) | $69.6m | $92.0m | $1.4b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($9.4m) | $26.7m | $1.3b | $905.4m | $3.4b | $2.0b | $1.6b | $1.6b | $1.7b | $3.1b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $229.7m | $246.0m | $191.7m | $231.7m | $290.5m | $359.0m | $330.8m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $39.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.