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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Key Stats
In Millions of the trading currency, except per share items. Currency: Trading Currency Conversion: Today's Spot Rate
Order: Latest on Right Units: S&P Capital IQ (Defau
Decimals: Capital IQ (Default)
Key Financials
For the Fiscal Period Ending 12 months
Dec-31-2008A
12 months
Dec-31-2009A
12 months
Dec-31-2010A
12 months
Dec-31-2011A
LTM
12 months
Jul-01-2012A
Currency USD USD USD USD USD
Total Revenue 5,955.4 4,781.9 4,859.3 5,311.7 5,740.5
Growth Over Prior Year (3.1%) (19.7%) 1.6% 9.3% 13.1%
Gross Profit 2,131.8 1,444.1 1,744.5 1,958.9 2,158.4
Margin % 35.8% 30.2% 35.9% 36.9% 37.6%
EBITDA 1,292.4 711.1 994.3 1,078.4 1,228.0
Margin % 21.7% 14.9% 20.5% 20.3% 21.4%
EBIT 1,071.6 464.8 739.1 898.0 1,051.1
Margin % 18.0% 9.7% 15.2% 16.9% 18.3%
Earnings from Cont. Ops. 684.2 70.6 259.7 548.1 657.5
Margin % 11.5% 1.5% 5.3% 10.3% 11.5%
Net Income 654.7 (55.1) 146.5 599.1 708.6
Margin % 11.0% (1.2%) 3.0% 11.3% 12.3%
Diluted EPS Excl. Extra Items 2.92 0.3 1.11 2.33 2.82Growth Over Prior Year (21.9%) (89.7%) 270.0% 109.9% 84.2%
All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individual statement pages.
Growth rates for the LTM period are calculated against the LTM period ending 12 months before.
All forward period figures are consensus mean estimates provided by the brokers and may not be on a comparable basis as financials.
Growth rates for forward periods are calculated against prior period estimates or actual pro forma results as disclosed on the Estimates Consensus page.
Current Capitalization (Millions of USD)
Currency USD Share Price as of Sep-26-2012 $41.93
Shares Out. 228.6
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Market Capitalization** 9,583.5
- Cash & Short Term Investments 861.8
+ Total Debt 5,330.3+ Pref. Equity -
+ Total Minority Interest -
= Total Enterprise Value (TEV) 14,052.0
Book Value of Common Equity 2,666.4
+ Pref. Equity -
+ Total Minority Interest -
+ Total Debt 5,330.3
= Total Capital 7,996.6
**For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company
level market capitalization. Please click on the value to see the
detailed calculation. Prices shown on this page are the close price of
the companys primary stock class. Shares shown on this page are
total company as-reported share values.
Total Liability includes Total Debt, Minority Interest and Pref. Equity.
Net Liability includes Total Liability, net of Cash and Short Term Investments.TEV includes Market Cap and Net Liability.
Total Capital includes Common Equity and Total Liability.
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Valuation Multiples based on Current Capitalization
For the Fiscal Period Ending 12 months
Dec-31-2011A
LTM
12 months
Jul-01-2012A
12 months
Dec-31-2012E
12 months
Dec-31-2013E
12 months
Dec-31-2014ETEV/Total Revenue 2.7x 2.4x 2.8x 2.7x 2.5x
TEV/EBITDA 13.2x 11.4x 11.3x 9.8x 9.2x
TEV/EBIT 15.8x 13.4x - - -
P/Diluted EPS Before Extra 18.0x 14.8x 15.1x 12.5x 10.7x
P/BV 4.0x 3.6x - - -
Price/Tang BV 4.0x 3.6x - - -
Financial data provided by
Estimate data provided by
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lt)
12 months
Dec-31-2012E
12 months
Dec-31-2013E
12 months
Dec-31-2014E
USD USD USD
4,940.8 5,278.8 5,614.1
5.97% 6.84% 6.35%
- - -
- - -
1,239.4 1,434.9 1,527.8
25.1% 27.2% 27.2%
- - -
- - -
- - -
- - -
- - -
- - -
2.77 3.34 4.07
18.82% 20.75% 21.76%
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Income Statement
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Income Statement
For the Fiscal Period Ending
Reclassified
12 months
Dec-31-2007
Reclassified
12 months
Dec-31-2008
Reclassified
12 months
Dec-31-2009
Reclassified
12 months
Dec-31-2010
12 months
Dec-31-2011
Currency USD USD USD USD USD
Revenue 5,726.8 5,578.4 4,287.1 4,176.6 4,662.3
Finance Div. Revenue 416.2 377.0 494.8 682.7 649.4
Other Revenue - - - - -
Total Revenue 6,143.0 5,955.4 4,781.9 4,859.3 5,311.7
Cost Of Goods Sold 3,612.7 3,647.3 2,884.9 2,749.2 3,106.3
Finance Div. Operating Exp. 11.3 39.6 169.2 93.1 17.0
Interest Expense - Finance Division 81.5 136.8 283.6 272.5 229.5Gross Profit 2,437.6 2,131.8 1,444.1 1,744.5 1,958.9
Selling General & Admin Exp. 1,012.0 892.0 831.1 876.4 922.7
R & D Exp. - 168.1 148.3 129.0 138.2
Depreciation & Amort. - - - - -
Other Operating Expense/(Income) - - - - -
Other Operating Exp., Total 1,012.0 1,060.2 979.4 1,005.4 1,060.9
Operating Income 1,425.6 1,071.6 464.8 739.1 898.0
Interest Expense - (4.5) (21.7) (90.4) (45.3)
Interest and Invest. Income 22.3 11.3 4.3 5.4 8.0
Net Interest Exp. 22.3 6.8 (17.4) (84.9) (37.3)
Other Non-Operating Inc. (Exp.) - - - - -
EBT Excl. Unusual Items 1,447.8 1,078.4 447.3 654.2 860.7
Restructuring Charges - (12.5) (240.3) (163.5) (68.0)
Impairment of Goodwill - - (28.4) - -Other Unusual Items - - - (100.2) -
EBT Incl. Unusual Items 1,447.8 1,065.9 178.7 390.5 792.7
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Income Tax Expense 514.0 381.7 108.0 130.8 244.6
Earnings from Cont. Ops. 933.8 684.2 70.6 259.7 548.1
Earnings of Discontinued Ops. - (29.5) (125.8) (113.1) 51.0
Extraord. Item & Account. Change - - - - -
Net Income to Company 933.8 654.7 (55.1) 146.5 599.1
Minority Int. in Earnings - - - - -
Net Income 933.8 654.7 (55.1) 146.5 599.1
Pref. Dividends and Other Adj. - - - - -
NI to Common Incl Extra Items 933.8 654.7 (55.1) 146.5 599.1
NI to Common Excl. Extra Items 933.8 684.2 70.6 259.7 548.1
Per Share Items
Basic EPS $3.75 $2.8 ($0.24) $0.63 $2.57
Basic EPS Excl. Extra Items 3.75 2.92 0.3 1.11 2.35
Weighted Avg. Basic Shares Out. 249.2 234.2 232.6 233.3 232.9
Diluted EPS $3.74 $2.79 ($0.24) $0.63 $2.55
Diluted EPS Excl. Extra Items 3.74 2.92 0.3 1.11 2.33
Weighted Avg. Diluted Shares Out. 249.9 234.5 233.6 234.8 234.9
Normalized Basic EPS $3.63 $2.88 $1.2 $1.75 $2.31
Normalized Diluted EPS 3.62 2.87 1.2 1.74 2.29
Dividends per Share $1.06 $1.29 $0.4 $0.4 $0.48
Payout Ratio % 27.9% 46.2% NM 64.2% 18.5%
Supplemental Items
EBITDA 1,629.7 1,292.4 711.1 994.3 1,078.4EBITA 1,425.6 1,071.6 464.8 739.1 898.0
EBIT 1,425.6 1,071.6 464.8 739.1 898.0
EBITDAR 1,639.4 1,303.5 721.2 1,005.3 1,090.0
As Reported Total Revenue* 6,143.0 5,955.4 4,781.9 4,859.3 5,311.7
Effective Tax Rate % 35.5% 35.8% 60.5% 33.5% 30.9%
Current Domestic Taxes 537.4 398.0 100.2 145.1 147.4
Current Foreign Taxes 35.2 29.0 1.4 4.5 5.8
Total Current Taxes 572.6 427.0 101.6 149.6 153.2
Deferred Domestic Taxes (57.0) (38.6) 12.0 (19.8) 92.5
Deferred Foreign Taxes (1.6) (6.7) (5.6) 1.0 (1.1)Total Deferred Taxes (58.6) (45.3) 6.4 (18.8) 91.4
Normalized Net Income 904.9 674.0 279.6 408.9 537.9
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Interest on Long Term Debt NA NA 16.2 87.5 45.0
Non-Cash Pension Expense (2.7) (6.9) 37.5 29.1 8.0
Filing Date Feb-23-2010 Feb-24-2011 Feb-23-2012 Feb-23-2012 Feb-23-2012
Restatement Type RC RD RC RC OCalculation Type REP REP REP REP REP
Supplemental Operating Expense Items
Advertising Exp. 76.9 89.2 80.2 75.8 82.3
R&D Exp. 190.6 168.1 148.3 136.2 145.4
Net Rental Exp. 9.7 11.1 10.1 11.0 11.6
Imputed Oper. Lease Interest Exp. - 0.7 3.5 14.1 13.6
Imputed Oper. Lease Depreciation - 10.4 6.6 (3.1) (2.0)
Stock-Based Comp., COGS 18.7 - - - -Stock-Based Comp., Unallocated - 24.5 17.6 30.4 38.2
Stock-Based Comp., Total 18.7 24.5 17.6 30.4 38.2
* Occasionally, certain items classified as Revenue by the company will be re-classified as other income if it is deemed to be non-recurring and unrelated to the core business of the firm.
Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.
Financial data provided by
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LTM
12 months
Jul-01-2012
USD
5,101.9
638.6
-
5,740.5
3,345.7
22.0
214.42,158.4
974.3
133.0
-
-
1,107.3
1,051.1
(45.5)
9.0
(36.5)
-
1,014.6
(49.1)
-
-
965.5
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308.0
657.5
51.0
-
708.6
-
708.6
-
708.6657.5
$3.08
2.86
230.3
$3.04
2.82
232.4
$2.75
2.73
$0.56
18.3%
1,228.01,051.1
1,051.1
NA
5,740.5
31.9%
147.4
5.8
153.2
92.5
(1.1)91.4
634.1
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NA
-
Aug-09-2012
OLTM
NA
140.1
NA
-
-
-39.8
39.8
his field shows Total Revenue exactly as reported by the firm on its consolidated statement of income.
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Balance Sheet
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest FilingsPeriod Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Balance Sheet
Balance Sheet as of:
Dec-31-2007
Reclassified
Dec-31-2008 Dec-31-2009 Dec-31-2010 Dec-31-2011
Currency USD USD USD USD USD
ASSETS
Cash And Equivalents 402.9 295.5 1,141.9 791.8 943.3
Short Term Investments 2.5 - 39.7 140.1 153.4
Total Cash & ST Investments 405.3 295.5 1,181.5 931.9 1,096.7
Accounts Receivable 181.2 265.3 269.4 262.4 219.0
Total Receivables 181.2 265.3 269.4 262.4 219.0
Inventory 349.7 379.1 323.0 326.4 418.0
Prepaid Exp. 71.2 83.7 - - -
Finance Div. Loans and Leases, ST 2,356.6 3,822.4 1,436.1 1,779.5 1,760.5
Finance Div. Other Curr. Assets - 355.2 758.9 564.0 880.6
Deferred Tax Assets, Curr. 103.3 86.5 130.9 101.4 96.1
Other Current Assets - 238.7 242.1 101.0 71.3
Total Current Assets 3,467.3 5,526.6 4,341.9 4,066.6 4,542.2
Gross Property, Plant & Equipment 2,757.9 2,938.0 2,959.1 2,771.9 2,605.4
Accumulated Depreciation (1,697.4) (1,881.1) (2,052.2) (1,956.8) (1,795.9)
Net Property, Plant & Equipment 1,060.6 1,056.9 906.9 815.1 809.5
Goodwill 61.4 60.1 31.4 29.6 29.1
Finance Div. Loans and Leases, LT 845.0 817.1 3,621.0 4,238.1 4,026.2
Finance Div. Other LT Assets - - - - -
Deferred Tax Assets, LT 54.4 288.2 177.5 214.0 202.4
Other Long-Term Assets 167.9 79.7 76.7 67.3 64.8
Total Assets 5,656.6 7,828.6 9,155.5 9,430.7 9,674.2
LIABILITIES
Accounts Payable 300.2 303.3 162.5 225.3 255.7
Accrued Exp. 431.0 402.5 346.0 384.1 403.0Curr. Port. of LT Debt - - 214.7 7.4 3.0
Finance Div. Debt Current 1,120.0 1,738.6 1,317.1 1,231.8 1,878.7
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Finance Div. Other Curr. Liab. - - 0.2 - -
Curr. Income Taxes Payable 19.5 10.8 16.0 63.1 57.7
Other Current Liabilities 34.4 168.1 211.7 102.0 100.4
Total Current Liabilities 1,905.1 2,623.3 2,268.2 2,013.8 2,698.6
Long-Term Debt 980.0 181.6 600.0 303.0 303.0
Finance Div. Debt Non-Curr. - 1,994.6 3,514.0 4,217.6 3,540.9
Finance Div. Other Non-Curr. Liab. - - 11.4 11.9 14.3
Pension & Other Post-Retire. Benefits 244.1 758.4 509.8 536.8 571.1
Other Non-Current Liabilities 152.0 155.0 143.9 140.8 126.0
Total Liabilities 3,281.1 5,713.0 7,047.4 7,223.9 7,253.9
Common Stock 3.4 3.4 3.4 3.4 3.4
Additional Paid In Capital 812.2 846.8 871.1 908.1 968.4Retained Earnings 6,117.6 6,458.8 6,324.3 6,336.1 6,824.2
Treasury Stock (4,420.4) (4,670.8) (4,672.7) (4,674.4) (4,899.0)
Comprehensive Inc. and Other (137.3) (522.5) (417.9) (366.2) (476.7)
Total Common Equity 2,375.5 2,115.6 2,108.1 2,206.9 2,420.3
Total Equity 2,375.5 2,115.6 2,108.1 2,206.9 2,420.3
Total Liabilities And Equity 5,656.6 7,828.6 9,155.5 9,430.7 9,674.2
Supplemental Items
Total Shares Out. on Filing Date 237.8 231.8 232.7 233.4 228.6
Total Shares Out. on Balance Sheet Date 237.8 231.8 232.7 233.4 228.6
Book Value/Share $9.99 $9.13 $9.06 $9.45 $10.59
Tangible Book Value 2,314.1 2,055.5 2,076.7 2,177.3 2,391.2
Tangible Book Value/Share $9.73 $8.87 $8.92 $9.33 $10.46
Total Debt 2,100.0 3,914.9 5,645.8 5,759.8 5,725.6
Net Debt 1,694.6 3,619.4 4,464.3 4,827.9 4,628.9
Debt Equiv. of Unfunded Proj. Benefit Obligation (34.2) 487.7 258.6 284.9 317.0
Debt Equivalent Oper. Leases 77.6 88.8 80.8 88.0 92.8Inventory Method LIFO LIFO LIFO LIFO NA
LIFO Reserve (32.1) (40.1) (34.4) (34.0) (43.5)
Raw Materials Inventory 150.0 140.9 104.6 100.1 113.9
Finished Goods Inventory 231.9 278.4 252.8 260.4 347.6
Land 49.9 59.6 59.9 59.6 60.0
Buildings 392.3 469.6 474.9 477.9 466.7
Machinery 2,040.5 2,277.6 2,311.8 2,068.8 1,920.5
Construction in Progress 275.2 131.3 112.5 165.5 158.2
Full Time Employees 9,755 10,100 7,900 6,900 6,600
Accum. Allowance for Doubtful Accts NA 6.2 11.4 10.4 5.0Filing Date Feb-23-2010 Feb-24-2011 Feb-23-2012 Feb-23-2012 Feb-23-2012
Restatement Type NC RD NC NC O
Calculation Type RUP RUP RUP REP REP
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Jul-01-2012
USD
725.9
135.8
861.8
250.3
250.3
323.0
-1,854.8
597.5
-
182.5
4,069.9
-
-
747.1
28.6
4,161.7
29.7
-
279.8
9,316.8
252.2
501.0
-
1,753.3
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-
-
34.1
2,540.6
303.0
3,274.0
15.3
385.8
131.8
6,650.4
2,666.4
--
-
-
2,666.4
2,666.4
9,316.8
228.8
228.8
$11.65
2,637.8
$11.53
5,330.3
4,468.5
NA
NA
NA
(44.4)
116.2
251.2
NA
NA
NA
-
NA
NAAug-09-2012
O
REP
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Cash Flow
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest FilingsPeriod Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Cash Flow
For the Fiscal Period Ending 12 months
Dec-31-2007
Restated
12 months
Dec-31-2008
12 months
Dec-31-2009
12 months
Dec-31-2010
12 months
Dec-31-2011
Currency USD USD USD USD USD
Net Income 933.8 654.7 (55.1) 146.5 599.1
Depreciation & Amort. 204.2 220.8 246.3 255.2 180.4
Depreciation & Amort., Total 204.2 220.8 246.3 255.2 180.4
Other Amortization - 42.7 93.9 106.8 89.5
(Gain) Loss From Sale Of Assets (36.0) 43.1 5.9 - -
Asset Writedown & Restructuring Costs - - 46.4 - -
Net (Increase)/Decrease in Loans Orig/Sold (299.6) (1,714.3) 70.9 81.5 (2.3)
Provision for Credit Losses 11.3 39.6 169.2 93.1 17.0
Stock-Based Compensation 21.0 24.5 17.6 30.4 38.2
Net Cash From Discontinued Ops. - (75.0) (71.3) (71.1) -
Other Operating Activities 18.9 99.7 50.5 243.3 (118.7)
Change in Acc. Receivable (26.4) 2.7 8.8 2.9 43.1
Change In Inventories (48.0) (42.3) 85.5 2.5 (95.0)
Change in Acc. Payable 41.2 46.0 (201.2) 215.0 120.3
Change in Other Net Operating Assets (22.2) (25.3) 70.3 (13.9) 13.7
Cash from Ops. 798.1 (683.1) 537.7 1,092.3 885.3
Capital Expenditure (242.1) (229.0) (116.7) (170.8) (189.0)
Cash Acquisitions - - - - -
Divestitures - - - - -
Invest. in Marketable & Equity Securt. 657.7 2.5 (39.7) (100.1) (12.5)
Net (Inc.) Dec. in Loans Originated/Sold (27.2) (65.9) (709.9) 416.4 138.0
Other Investing Activities 2.8 (102.5) (16.0) - -
Cash from Investing 391.2 (394.8) (882.3) 145.4 (63.5)
Short Term Debt Issued - - - - -
Long-Term Debt Issued 398.1 2,244.6 3,504.7 628.8 1,767.5Total Debt Issued 398.1 2,244.6 3,504.7 628.8 1,767.5
Short Term Debt Repaid - - - - -
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Long-Term Debt Repaid (46.2) (400.0) (1,859.6) (2,478.3) (1,814.3)
Total Debt Repaid (46.2) (400.0) (1,859.6) (2,478.3) (1,814.3)
Issuance of Common Stock 21.5 1.2 0.0 7.8 7.8Repurchase of Common Stock (1,153.4) (250.4) (1.9) (1.7) (224.5)
Common Dividends Paid (260.8) (302.3) (93.8) (94.1) (111.0)
Total Dividends Paid (260.8) (302.3) (93.8) (94.1) (111.0)
Special Dividend Paid - - - - -
Other Financing Activities 3.1 0.3 (167.5) 81.4 65.5
Cash from Financing (1,037.8) 1,293.4 1,381.9 (1,856.1) (308.9)
Foreign Exchange Rate Adj. 12.9 (24.8) 5.6 3.7 (7.8)Net Change in Cash 164.5 190.7 1,042.9 (614.6) 505.0
Supplemental Items
Cash Interest Paid 81.5 128.0 336.5 346.9 251.3
Cash Taxes Paid 568.8 414.0 123.2 47.1 85.0
Levered Free Cash Flow 773.2 (724.9) 2,018.9 605.6 1,030.5
Unlevered Free Cash Flow 773.2 (764.8) 1,938.5 555.2 969.3
Change in Net Working Capital 98.5 1,450.8 (1,500.9) 21.5 (378.5)
Net Debt Issued 351.9 1,844.6 1,645.2 (1,849.5) (46.8)
Net Cash From Discontinued Ops. - Investing - -99.963 -18.805 - -Filing Date Feb-23-2010 Feb-24-2011 Feb-23-2012 Feb-23-2012 Feb-23-2012
Restatement Type NC RS NC NC O
Calculation Type REP REP REP REP REP
Financial data provided by
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LTM
12 months
Jul-01-2012
USD
708.6
176.9
176.9
87.7
-
-
(139.2)
22.0
39.8
0.0
(138.0)
(0.2)
(5.3)
(25.8)
(25.8)
700.6
(179.8)
-
-
108.2
8.2
-
(63.4)
-
-1,677.8
-
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-
(1,798.4)
38.6(391.6)
(129.5)
(129.5)
-
74.1
(529.1)
(10.1)98.0
251.3
85.0
968.0
907.0
(215.0)
(120.7)
-Aug-09-2012
O
LTM
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Multiples
View: Data Frequency: QuarterlyOrder: Latest on Right Decimals: Capital IQ (Default)
Multiples Detail
For Quarter Ending Dec-30-2011 Mar-30-2012 Jun-29-2012 Sep-26-2012
TEV/LTM Total Revenue Average 2.51x 2.82x 2.86x 2.54x
High 2.64x 3.04x 3.10x 2.77x
Low 2.30x 2.61x 2.67x 2.36x
Close 2.59x 2.98x 2.71x 2.45x
TEV/NTM Total Revenues Average 2.67x 3.01x 3.05x 2.78x
High 2.81x 3.26x 3.30x 2.94x
Low 2.44x 2.76x 2.84x 2.59x
Close 2.76x 3.19x 2.88x 2.71x
TEV/LTM EBITDA Average 12.69x 13.98x 13.83x 12.01x
High 13.38x 14.99x 15.25x 13.28x
Low 11.57x 13.18x 12.81x 11.02x
Close 13.10x 14.70x 13.01x 11.44x
TEV/NTM EBITDA Average 10.67x 12.18x 12.17x 11.03x
High 11.39x 13.17x 13.29x 11.75x
Low 9.37x 11.30x 11.32x 10.03x
Close 11.32x 12.85x 11.51x 10.73x
TEV/LTM EBIT Average 15.62x 16.83x 16.47x 14.11x
High 16.58x 18.00x 18.31x 15.76x
Low 14.26x 15.76x 15.19x 12.88x
Close 16.03x 17.65x 15.44x 13.37x
P/LTM EPS Average 20.28x 20.39x 19.56x 15.98x
High 24.70x 21.98x 22.19x 18.40x
Low 17.96x 18.59x 17.46x 14.58x
Close 20.32x 21.06x 17.87x 14.85x
P/NTM EPS Average 14.29x 16.90x 16.81x 14.11x
High 15.33x 18.61x 19.58x 15.80x
Low 12.60x 14.98x 15.00x 12.88x
Close 14.98x 18.13x 15.35x 13.24x
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P/LTM Normalized EPS Average 17.90x 20.23x 20.04x 16.49x
High 19.14x 22.05x 22.58x 18.90x
Low 16.33x 18.69x 17.93x 15.10x
Close 18.47x 21.43x 18.35x 15.37x
P/BV Average 3.37x 4.26x 4.41x 3.78x
High 3.60x 4.77x 4.88x 4.19x
Low 3.09x 3.53x 3.97x 3.53x
Close 3.49x 4.63x 4.07x 3.60x
P/Tangible BV Average 3.40x 4.30x 4.46x 3.82x
High 3.64x 4.83x 4.94x 4.24x
Low 3.09x 3.58x 4.02x 3.54x
Close 3.53x 4.69x 4.11x 3.64x
TEV/LTM Unlevered FCF Average 22.51x 17.05x 13.42x 14.16x
High 27.69x 28.63x 16.97x 16.60x
Low 12.05x 10.58x 10.26x 10.78x
Close 27.13x 16.35x 12.64x 15.49x
Market Cap/LTM Levered FCF Average 13.58x 11.26x 9.08x 9.22x
High 16.90x 17.73x 11.47x 10.94x
Low 7.52x 7.73x 7.25x 7.15x
Close 16.39x 10.89x 8.40x 9.90x
Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the calculation. When the Multiples are not m
When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing at the exchange rate applicable on the fina
Financial data provided by
Estimate data provided by
Historical Equity Pricing Data supplied by
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aningful, due to negative values, then they will not be displayed in the chart.
cial period end date.
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Historical Capitalization
In Millions of the trading currency, except per share items. Frequency: Quarterly Order: Latest on RightCurrency: Trading Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Historical Capitalization
Balance Sheet as of:
Mar-27-2011 Jun-26-2011 Sep-25-2011 Dec-31-2011 Apr-01-2012
Pricing as of* May-04-2011 Aug-04-2011 Nov-03-2011 Feb-23-2012 May-10-2012
Currency USD USD USD USD USD
Capitalization DetailShare Price $36.77 $39.15 $39.32 $47.22 $50.67
Shares Out. 233.4 233.4 233.4 228.6 228.6
Market Capitalization 8,583.6 9,139.1 9,178.8 10,792.6 11,581.1
- Cash & Short Term Investments 778.2 926.4 1,175.1 1,096.7 1,064.0
+ Total Debt 5,687.6 5,446.1 5,578.8 5,725.6 5,570.1
+ Pref. Equity - - - - -
+ Total Minority Interest - - - - -
= Total Enterprise Value (TEV) 13,492.9 13,658.9 13,582.5 15,421.5 16,087.2
Book Value of Common Equity 2,340.2 2,531.4 2,601.3 2,420.3 2,574.7
+ Pref. Equity - - - - -
+ Total Minority Interest - - - - -
+ Total Debt 5,687.6 5,446.1 5,578.8 5,725.6 5,570.1
= Total Capital 8,027.8 7,977.5 8,180.1 8,145.9 8,144.7
* Pricing as of the filing date of the balance sheet period end date. For
TEV calculation purposes on this page Capital IQ only uses balance
sheet components from the original f iling that is publicly available as
of a given pricing date and does not use restated balance sheet data
from a later filing. In the cases where a company did not disclose
balance sheet values for a particular period, TEV is calculated using
balance sheet components from the last reported balance sheet as of
this date. The table above is organized along period end dates.
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** For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company
level market capitalization. Please click on the value to see thedetailed calculation. Prices shown on this page are the close price of
the companys primary stock class. Shares shown on this page are
total company as-reported share values.
Financial data provided by
Historical Equity Pricing Data supplied by
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Jul-01-2012
Aug-09-2012
USD
$41.68
228.6
9,526.3
861.8
5,330.3
-
-
13,994.8
2,666.4
-
-
5,330.3
7,996.6
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Capital Structure Summary
In Millions of the reported currency, except ratios and % of Total
values. Restatement: Latest Filings
Period Type: Annual
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Order: Latest on Right
Capital Structure Data
For the Fiscal Period Ending
Currency USD USD USD Units Millions % of Total Millions % of Total Millions
Total Debt 5,759.8 72.3% 5,725.6 70.3% 5,330.3
Total Common Equity 2,206.9 27.7% 2,420.3 29.7% 2,666.4
Total Capital 7,966.7 100.0% 8,145.9 100.0% 7,996.6
Currency USD USD USD
Exchange Rate 1.0 1.0 1.0
Conversion Method S S S
Debt Summary Data
For the Fiscal Period Ending
Currency USD USD USD
Units Millions % of Total Millions % of Total Millions
Total Commercial Paper 582.6 10.1% 874.3 15.3% 845.9
Total Revolving Credit 213.8 3.7% 159.8 2.8% 143.8Total Senior Bonds and Notes 7,481.3 129.9% 8,968.4 156.6% 4,342.4
Total Principal Due 8,277.6 143.7% 10,002.5 174.7% 5,332.0
Total Adjustments (2,517.8) (43.7%) (4,276.8) (74.7%) (1.8)
Total Debt Outstanding 5,759.8 100.0% 5,725.6 100.0% 5,330.3
Available Credit
Undrawn Commercial Paper - - 600.0 - 600.0
Undrawn Revolving Credit - - 1,400.2 - 360.3
Total Undrawn Credit - - 2,000.2 - 960.3
Additional Totals
12 months Dec-31-2010 12 months Dec-31-2011 3 months
12 months Dec-31-2010 12 months Dec-31-2011 3 months
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Total Cash & ST Investments 931.9 - 1,096.7 - 861.8
Net Debt 4,827.9 - 4,628.9 - 4,468.5
Total Senior Debt 8,277.6 143.7% 10,002.5 174.7% 5,332.0
Curr. Port. of LT Debt/Cap. Leases 7.4 0.1% 3.0 0.1% -
Long-Term Debt (Incl. Cap. Leases) 303.0 5.3% 303.0 5.3% 303.0
Total Bank Debt 213.8 3.7% 159.8 2.8% 143.8
Total Secured Debt 5,280.5 91.7% 6,367.2 111.2% 1,339.2
Senior Secured Bonds and Notes 5,280.5 91.7% 6,367.2 111.2% 1,339.2
Total Senior Secured Debt 5,280.5 91.7% 6,367.2 111.2% 1,339.2
Total Unsecured Debt 2,997.1 52.0% 3,635.3 63.5% 3,992.8
Senior Unsecured Bonds and Notes 2,200.8 38.2% 2,601.2 45.4% 3,003.1
Securitized Debt 5,280.5 91.7% 6,367.2 111.2% 1,339.2
Fixed Rate Debt 7,481.3 129.9% 8,968.4 156.6% 3,003.1
Variable Rate Debt 213.8 3.7% 159.8 2.8% 143.8Hedging Activities 7.4 0.1% 3.0 0.1% -
Credit Ratios
Net Debt/EBITDA 4.9x - 4.3x - 2.5x
Total Debt/EBITDA 5.8x - 5.3x - 3.0x
Total Senior Debt/EBITDA 8.3x - 9.3x - 3.0x
Total Senior Secured/EBITDA 5.3x - 5.9x - 0.8x
Net Debt/(EBITDA-CAPEX) 5.9x - 5.2x - 2.8x
Total Debt/(EBITDA-CAPEX) 7.0x - 6.4x - 3.3x
Total Senior Debt/(EBITDA-CAPEX) 10.1x - 11.2x - 3.3xTotal Senior Secured/(EBITDA-CAPEX) 6.4x - 7.2x - 0.8x
Fixed Payment Schedule
LT Debt (Incl. Cap. Leases) Due +1 751.3 13.0% 1,040.2 18.2% -
LT Debt (Incl. Cap. Leases) Due +2 1,073.3 18.6% 958.5 16.7% -
LT Debt (Incl. Cap. Leases) Due +3 1,073.3 18.6% 958.5 16.7% -
LT Debt (Incl. Cap. Leases) Due +4 542.4 9.4% 488.9 8.5% -
LT Debt (Incl. Cap. Leases) Due +5 542.4 9.4% 488.9 8.5% -
LT Debt (Incl. Cap. Leases) Due, Next 5 Yrs 3,982.7 69.1% 3,935.2 68.7% -
LT Debt (Incl. Cap. Leases) Due, After 5 Yrs 1,036.7 18.0% 949.0 16.6% -
Operating Lease Commitment Due +1 11.4 - 12.1 - -
Operating Lease Commitment Due +2 8.6 - 8.6 - -
Operating Lease Commitment Due +3 7.5 - 6.3 - -
Operating Lease Commitment Due +4 6.0 - 5.0 - -
Operating Lease Commitment Due +5 4.9 - 3.7 - -
Operating Lease Commitment Due, Next 5 Yrs 38.4 - 35.6 - -
Operating Lease Commitment Due, After 5 Yrs 8.4 - 5.6 - -
Contractual Obligations Due +1 245.6 - 221.7 - -
Contractual Obligations Due + 2 183.1 - 157.1 - -
Contractual Obligations Due + 3 183.1 - 157.1 - -
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Contractual Obligations Due + 4 87.9 - 79.9 - -
Contractual Obligations Due + 5 87.9 - 79.9 - -
Contractual Obligations Due, Next 5 Yrs 787.6 - 695.6 - -
Contractual Obligations Due, After 5 Yrs 167.4 - 94.2 - -
Total Contractual Obligations 954.9 - 789.8 - -
Interest Rate Data
Filing Date Feb-23-2012 - Feb-23-2012 - Aug-09-2012
Currency USD USD USD
Exchange Rate 1.0 1.0 1.0
Conversion Method S S S
Financial data provided by
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% of Total
66.7%
33.3%
100.0%
% of Total
15.9%
2.7%
81.5%
100.0%
(0.0%)
100.0%
-
--
ul-01-2012
ul-01-2012
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-
-
100.0%
-
5.7%
2.7%
25.1%
25.1%
25.1%
74.9%
56.3%
25.1%
56.3%
2.7%
-
-
-
-
-
-
-
--
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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-
-
-
-
-
-
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Capital Structure Details
Principal Due in Millions of the
reported currency. Period Type: Annual
Source: A 2011 filed Feb-23-2012
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Default Decimals: Capital IQ (Default)
FY 2011 (Dec-31-2011) Capital Structure As Reported Details
Description Type Principal Due (USD)
Coupon/Base
Rate FloatingRate Maturity Seniority3.75% Unsecured Medium-
Term Notes Due in 2016
Bonds and Notes 449.8 3.750% NA 2016 Senior
Asset-Backed Commercial
Paper Conduit Facility
Commercial Paper - 8.330% Various Benchmarks Sep-01-2011 Senior
Global Credit Facilities Revolving Credit 159.8 NA NA Apr-01-2015 Senior
Medium-Term Notes, 5.25% Bonds and Notes 399.9 5.250% NA Dec-01-2012 Senior
Medium-Term Notes, 5.75% Bonds and Notes 499.5 5.750% NA Dec-01-2014 Senior
Medium-Term Notes, 6.80% Bonds and Notes 949.0 6.800% NA Jun-01-2018 Senior
Revolving Credit Line Revolving Credit - NA NA - Senior
Senior Unsecured Notes Bonds and Notes 303.0 15.000% NA Feb-01-2014 Senior Short Term Unsecured
Commercial Paper
Commercial Paper 838.5 NA NA Dec-31-2012 Senior
Term Asset-Backed
Securitization Note, December
2010 - June 2017, 1.55 %
Bonds and Notes 562.5 1.550% NA 12-2010 - 2017 Senior
Term Asset-Backed
Securitization Note, December
2011 - April 2018, 1.05 %
Bonds and Notes 600.0 1.050% NA 12-2011 - 2018 Senior
Term Asset-Backed
Securitization Note, February
2009 - December 2013, 3.94 %
Bonds and Notes 486.0 3.940% NA 2-2009 - 2013 Senior
Term Asset-Backed
Securitization Note, July 2010 -
February 2017, 2.11 %
Bonds and Notes 700.0 2.110% NA 7-2010 - 2017 Senior
Term Asset-Backed
Securitization Note, May 2008 -August 2015, 5.20 %
Bonds and Notes 950.0 5.200% NA 5-2008 - 2015 Senior
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Term Asset-Backed
Securitization Note, May 2010 -
January 2017, 2.77 %
Bonds and Notes 500.0 2.770% NA 5-2010 - 2017 Senior
Term Asset-BackedSecuritization Note, November
2012 - February 2018, 0.88%
Bonds and Notes 513.3 0.880% NA 11-2012 - 2018 Senior
Term Asset-Backed
Securitization Note, October
2010 - April 2017, 1.16 %
Bonds and Notes 700.0 1.160% NA 10-2010 - 2017 Senior
Term Asset-Backed
Securitization Note, September
2008 - May 2015, 5.50 %
Bonds and Notes 782.0 5.500% NA 9-2008 - 2015 Senior
Term Asset-Backed
Securitization Note, September
2012 - August 2017, 0.76%
Bonds and Notes 573.4 0.760% NA 9-2012 - 2017 Senior
Unsecured Commercial Paper Commercial Paper 35.8 NA NA - Senior
FY 2010 (Dec-31-2010) Capital Structure As Reported Details
Description Type Principal Due (USD)
Coupon/Base
Rate FloatingRate Maturity Seniority
3.75% Unsecured Medium-
Term Notes Due in 2016
Bonds and Notes - 3.750% NA 2016 Senior
Asset-Backed CommercialPaper Conduit Facility
Commercial Paper - 8.330% Various Benchmarks Sep-01-2011 Senior
Global Credit Facilities Revolving Credit 213.8 NA NA 4-2013 - 2015 Senior
Medium-Term Notes, 5.25% Bonds and Notes 399.8 5.250% NA Dec-01-2012 Senior
Medium-Term Notes, 5.75% Bonds and Notes 499.4 5.750% NA Dec-01-2014 Senior
Medium-Term Notes, 6.80% Bonds and Notes 998.6 6.800% NA Jun-01-2018 Senior
Revolving Credit Line Revolving Credit - NA NA - Senior
Senior Unsecured Notes Bonds and Notes 303.0 15.000% NA Feb-01-2014 Senior
Short Term Unsecured
Commercial Paper
Commercial Paper 480.5 NA NA Dec-31-2012 Senior
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Term Asset-Backed
Securitization Note, December
2010 - June 2017, 1.55 %
Bonds and Notes 562.5 1.550% NA 12-2010 - 2017 Senior
Term Asset-BackedSecuritization Note, December
2011 - April 2018, 1.05 %
Bonds and Notes 600.0 1.050% NA 12-2011 - 2018 Senior
Term Asset-Backed
Securitization Note, February
2009 - December 2013, 3.94 %
Bonds and Notes 486.0 3.940% NA 2-2009 - 2013 Senior
Term Asset-Backed
Securitization Note, July 2010 -
February 2017, 2.11 %
Bonds and Notes 700.0 2.110% NA 7-2010 - 2017 Senior
Term Asset-Backed
Securitization Note, May 2008 -
August 2015, 5.20 %
Bonds and Notes 950.0 5.200% NA 5-2008 - 2015 Senior
Term Asset-Backed
Securitization Note, May 2010 -
January 2017, 2.77 %
Bonds and Notes 500.0 2.770% NA 5-2010 - 2017 Senior
Term Asset-BackedSecuritization Note, October
2010 - April 2017, 1.16 %
Bonds and Notes 700.0 1.160% NA 10-2010 - 2017 Senior
Term Asset-Backed
Securitization Note, September
2008 - May 2015, 5.50 %
Bonds and Notes 782.0 5.500% NA 9-2008 - 2015 Senior
Unsecured Commercial Paper Commercial Paper 102.1 NA NA - Senior
Financial data provided by
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Secured Convertible
Repaymen
t Currency
No No USD
Yes No USD
No No USD
No No USD
No No USD
No No USD
No No USDNo No USD
No No USD
Yes No USD
Yes No USD
Yes No USD
Yes No USD
Yes No USD
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Yes No USD
Yes No USD
Yes No USD
Yes No USD
Yes No USD
No No USD
Secured Convertible
Repaymen
t Currency
No No USD
Yes No USD
No No USD
No No USD
No No USD
No No USD
No No USD
No No USD
No No USD
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Yes No USD
Yes No USD
Yes No USD
Yes No USD
Yes No USD
Yes No USD
Yes No USD
Yes No USD
No No USD
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Ratios
Restatement: Latest Filings Period Type: Annual
Order: Latest on Right Decimals: Capital IQ (Default)
Ratios
For the Fiscal Period Ending 12 months
Dec-31-2007
12 months
Dec-31-2008
12 months
Dec-31-2009
12 months
Dec-31-2010
12 months
Dec-31-2011
Profitability
Return on Assets % 15.9% 9.9% 3.4% 5.0% 5.9%
Return on Capital % 19.9% 12.8% 4.2% 5.9% 7.0%
Return on Equity % 36.4% 30.5% 3.3% 12.0% 23.7%
Return on Common Equity % 36.4% 30.5% 3.3% 12.0% 23.7%
Margin Analysis
Gross Margin % 39.7% 35.8% 30.2% 35.9% 36.9%
SG&A Margin % 16.5% 15.0% 17.4% 18.0% 17.4%
EBITDA Margin % 26.5% 21.7% 14.9% 20.5% 20.3%
EBITA Margin % 23.2% 18.0% 9.7% 15.2% 16.9%
EBIT Margin % 23.2% 18.0% 9.7% 15.2% 16.9%
Earnings from Cont. Ops Margin % 15.2% 11.5% 1.5% 5.3% 10.3%
Net Income Margin % 15.2% 11.0% (1.2%) 3.0% 11.3%
Net Income Avail. for Common Margin % 15.2% 11.5% 1.5% 5.3% 10.3%
Normalized Net Income Margin % 14.7% 11.3% 5.8% 8.4% 10.1%
Levered Free Cash Flow Margin % 12.6% (12.2%) 42.2% 12.5% 19.4%
Unlevered Free Cash Flow Margin % 12.6% (12.8%) 40.5% 11.4% 18.2%
Asset Turnover
Total Asset Turnover 1.1x 0.9x 0.6x 0.5x 0.6x
Fixed Asset Turnover 5.9x 5.6x 4.9x 5.6x 6.5x
Accounts Receivable Turnover 35.3x 25.0x 16.0x 15.7x 19.4xInventory Turnover 11.3x 10.0x 8.2x 8.5x 8.3x
Short Term Liquidity
Current Ratio 1.8x 2.1x 1.9x 2.0x 1.7x
Quick Ratio 1.1x 0.8x 1.5x 1.6x 1.4x
Cash from Ops. to Curr. Liab. 0.4x NM 0.2x 0.5x 0.3x
Avg. Days Sales Out. 10.3 14.6 22.8 23.2 18.8
Avg. Days Inventory Out. 32.2 36.6 44.4 43.1 43.7
Avg. Days Payable Out. 29.0 30.0 30.1 25.7 27.5
Avg. Cash Conversion Cycle 13.5 21.2 37.1 40.6 35.1
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Long Term Solvency
Total Debt/Equity 88.4% 185.0% 267.8% 261.0% 236.6%
Total Debt/Capital 46.9% 64.9% 72.8% 72.3% 70.3%
LT Debt/Equity 41.3% 102.9% 195.2% 204.8% 158.8%
LT Debt/Capital 21.9% 36.1% 53.1% 56.7% 47.2%Total Liabilities/Total Assets 58.0% 73.0% 77.0% 76.6% 75.0%
EBIT / Interest Exp. NA 235.9x 21.4x 8.2x 19.8x
EBITDA / Interest Exp. NA 284.5x 32.8x 11.0x 23.8x
(EBITDA-CAPEX) / Interest Exp. NA 234.1x 27.4x 9.1x 19.6x
Total Debt/EBITDA 1.3x 3.0x 7.9x 5.8x 5.3x
Net Debt/EBITDA 1.0x 2.8x 6.3x 4.9x 4.3x
Total Debt/(EBITDA-CAPEX) 1.5x 3.7x 9.5x 7.0x 6.4x
Net Debt/(EBITDA-CAPEX) 1.2x 3.4x 7.5x 5.9x 5.2x
Altman Z Score 6.52 3.67 2.32 2.53 2.81
Growth Over Prior Year
Total Revenue (0.7%) (3.1%) (19.7%) 1.6% 9.3%
Gross Profit (0.2%) (12.5%) (32.3%) 20.8% 12.3%
EBITDA (10.0%) (20.7%) (45.0%) 39.8% 8.5%
EBITA (10.7%) (24.8%) (56.6%) 59.0% 21.5%
EBIT (10.7%) (24.8%) (56.6%) 59.0% 21.5%
Earnings from Cont. Ops. (10.5%) (26.7%) (89.7%) 267.6% 111.1%Net Income (10.5%) (29.9%) NM NM 308.8%
Normalized Net Income (10.9%) (25.5%) (58.5%) 46.3% 31.6%
Diluted EPS before Extra (4.8%) (21.9%) (89.7%) 270.0% 109.9%
Accounts Receivable 26.7% 46.4% 1.5% (2.6%) (16.5%)
Inventory 21.5% 8.4% (14.8%) 1.1% 28.0%
Net PP&E 3.5% (0.3%) (14.2%) (10.1%) (0.7%)
Total Assets 2.2% 38.4% 16.9% 3.0% 2.6%
Tangible Book Value (14.2%) (11.2%) 1.0% 4.8% 9.8%Common Equity (13.8%) (10.9%) (0.4%) 4.7% 9.7%
Cash from Ops. 4.8% NM NM 103.1% (19.0%)
Capital Expenditures 10.3% (5.4%) (49.0%) 46.3% 10.6%
Levered Free Cash Flow (34.5%) NM NM (70.0%) 70.2%
Unlevered Free Cash Flow (34.5%) NM NM (71.4%) 74.6%
Dividend per Share 30.9% 21.7% (69.0%) 0.0% 18.8%
Compound Annual Growth Rate Over Two Years
Total Revenue 4.1% (1.9%) (11.8%) (9.7%) 5.4%
Gross Profit 4.5% (6.6%) (23.0%) (9.5%) 16.5%EBITDA (1.2%) (15.5%) (33.9%) (12.3%) 23.1%
EBITA (1.4%) (18.1%) (42.9%) (17.0%) 39.0%
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EBIT (1.4%) (18.1%) (42.9%) (17.0%) 39.0%
Earnings from Cont. Ops. (1.4%) (19.0%) (72.5%) (38.4%) 178.5%
Net Income (1.4%) (20.8%) NM (52.7%) NM
Normalized Net Income (1.4%) (18.5%) (44.4%) (22.1%) 38.7%
Diluted EPS before Extra 4.7% (13.8%) (71.7%) (38.3%) 178.7%
Accounts Receivable 21.8% 36.2% 21.9% (0.6%) (9.8%)
Inventory 25.7% 14.8% (3.9%) (7.2%) 13.8%
Net PP&E 2.4% 1.6% (7.5%) (12.2%) (5.5%)
Total Assets 3.7% 19.0% 27.2% 9.8% 2.8%
Tangible Book Value (12.6%) (12.7%) (5.3%) 2.9% 7.3%
Common Equity (12.2%) (12.4%) (5.8%) 2.1% 7.1%
Cash from Ops. (8.9%) NM (17.9%) NM 28.3%
Capital Expenditures 10.5% 2.1% (30.6%) (13.6%) 27.2%
Levered Free Cash Flow 11.8% NM 61.6% NM (28.6%)
Unlevered Free Cash Flow 11.8% NM 58.3% NM (29.3%)
Dividend per Share 30.2% 26.2% (38.6%) (44.3%) 9.0%
Compound Annual Growth Rate Over Three Years
Total Revenue 4.9% 1.6% (8.2%) (7.5%) (3.7%)
Gross Profit 5.3% (1.5%) (16.1%) (10.6%) (2.8%)
EBITDA 1.1% (8.2%) (26.8%) (15.2%) (5.9%)
EBITA 1.5% (9.9%) (33.7%) (19.7%) (5.7%)EBIT 1.5% (9.9%) (33.7%) (19.7%) (5.7%)
Earnings from Cont. Ops. 1.6% (10.7%) (59.2%) (34.7%) (7.1%)
Net Income 1.6% (12.0%) NM (46.1%) (2.9%)
Normalized Net Income 1.6% (10.2%) (34.9%) (23.3%) (7.2%)
Diluted EPS before Extra 7.6% (5.0%) (57.6%) (33.3%) (7.2%)
Accounts Receivable 14.3% 29.5% 23.5% 13.1% (6.2%)
Inventory 15.5% 19.6% 3.9% (2.3%) 3.3%
Net PP&E 1.2% 1.5% (4.0%) (8.4%) (8.5%)
Total Assets 1.0% 14.2% 18.3% 18.6% 7.3%
Tangible Book Value (9.9%) (12.1%) (8.4%) (2.0%) 5.2%
Common Equity (9.6%) (11.8%) (8.6%) (2.4%) 4.6%
Cash from Ops. (1.5%) NM (11.0%) 11.0% NM
Capital Expenditures 4.3% 4.9% (19.0%) (11.0%) (6.2%)
Levered Free Cash Flow 24.2% NM 19.6% (7.8%) NM
Unlevered Free Cash Flow 24.2% NM 17.9% (10.5%) NM
Dividend per Share 37.8% 27.3% (21.0%) (27.7%) (28.3%)
Compound Annual Growth Rate Over Five YearsTotal Revenue 7.4% 4.0% (2.1%) (3.1%) (3.0%)
Gross Profit 9.9% 3.1% (7.1%) (4.8%) (4.3%)
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EBITDA 9.0% (0.8%) (14.7%) (9.9%) (9.8%)
EBITA 10.1% (1.4%) (19.3%) (12.8%) (10.9%)
EBIT 10.1% (1.4%) (19.3%) (12.8%) (10.9%)
Earnings from Cont. Ops. 10.0% (2.1%) (39.8%) (23.0%) (12.1%)
Net Income 10.0% (3.0%) NM (31.3%) (10.5%)Normalized Net Income 10.0% (1.6%) (20.2%) (15.2%) (11.9%)
Diluted EPS before Extra 14.5% 3.2% (36.9%) (20.1%) (9.9%)
Accounts Receivable 10.8% 18.7% 17.3% 16.5% 8.9%
Inventory 9.9% 12.8% 7.3% 8.1% 7.8%
Net PP&E 0.5% 0.2% (2.4%) (4.2%) (4.6%)
Total Assets 7.9% 9.7% 10.8% 12.4% 11.8%
Tangible Book Value 1.2% (6.7%) (8.0%) (6.4%) (2.4%)
Common Equity 1.2% (6.5%) (8.1%) (6.5%) (2.6%)
Cash from Ops. 7.9% NM (8.4%) 2.6% 3.1%
Capital Expenditures (5.7%) 0.2% (11.4%) (2.9%) (3.0%)
Levered Free Cash Flow 12.1% NM 38.0% (0.4%) (2.7%)
Unlevered Free Cash Flow 12.1% NM 36.9% (2.1%) (3.9%)
Dividend per Share 51.0% 45.9% (0.2%) (8.5%) (10.1%)
Financial data provided by
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LTM
12 months
Jul-01-2012
7.0%
8.2%25.3%
25.3%
37.6%
17.0%
21.4%
18.3%
18.3%
11.5%12.3%
11.5%
11.0%
16.9%
15.8%
0.6x
7.6x
19.8x10.1x
1.6x
1.3x
0.3x
18.8
36.6
29.5
25.9
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199.9%
66.7%
134.2%
44.7%71.4%
23.1x
27.0x
23.0x
4.3x
3.6x
5.1x
4.3x
NA
13.1%
16.7%
19.4%
28.1%
28.1%
81.9%
101.4%
33.4%
84.2%
(5.8%)
(4.3%)
(1.5%)
(0.5%)
5.5%5.3%
(18.7%)
(7.5%)
27.6%
20.6%
31.8%
11.0%
20.1%26.3%
43.5%
43 5%
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43.5%
136.8%
NM
49.1%
136.9%
0.3%
4.3%
(2.1%)
(4.5%)
11.8%
11.7%
(29.4%)
25.9%NM
NM
18.3%
1.3%
4.4%
4.7%
8.3%
8.3%
14.7%
22.9%
7.3%
14.8%
(4.5%)
(9.4%)
(10.1%)
2.1%
7.2%
5.8%
NM
0.3%
(25.4%)
(27.1%)
(13.3%)
(2.0%)
(2.7%)
(7 5%)
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(7.5%)
(8.0%)
(8.0%)
(8.9%)
(7.5%)(9.0%)
(7.0%)
8.9%
(1.3%)
(5.8%)
12.7%
0.3%
0.1%(6.8%)
(3.6%)
1.9%
0.6%
(8.6%)
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Supplemental
In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Currency: Reported Currency Conversion: Today's Spot RateOrder: Latest on Right Units: S&P Capital IQ (Defau
Decimals: Capital IQ (Default)
Supplemental
For the Fiscal Period Ending 12 months
Dec-31-2006
12 months
Dec-31-2007
12 months
Dec-31-2008
12 months
Dec-31-2009
12 months
Dec-31-2010
Currency USD USD USD USD USD
Options Outstanding
Options Out. at the Beginning of the Period - - - - -Options Granted During the Period - - - - -
Options Exercised During the Period - - - - -
Options Cancelled During the Period - - - - -
Options Out. at the End of the Period - - - - -
W/Avg. Strike Price of Out. at the End of the Period - - - - -
W/Avg. Strike Price of Granted - - - - -
Options Outstanding - All Classes
Options Out. at the Beginning of the Period - - - - -
Options Granted During the Period - - - - -
Options Exercised During the Period - - - - -
Options Cancelled During the Period - - - - -
Options Out. at the End of the Period - - - - -
Stock Based Compensation
Stock Based Comp. Exp., Before Tax 21.4 21.0 24.5 17.6 30.4
Stock Based Comp. Exp., After Tax 13.3 13.0 15.3 11.0 19.2
Loss Carry Forward Related Items
NOL C/F, After Five Years - - 584.1 431.7 431.7
Total NOL C/F - - 584.1 431.7 431.7
Max. Year for NOL C/F - - 2024 2024 2024
Capital Loss C/F, Current Year - - - - 2.3
Capital Loss C/F, Current Year + 1 - - - - 2.3
Capital Loss C/F, Current Year + 2 - - - - 2.3
Total Capital Loss C/F - - - - 6.9
Max. Year for Capital Loss C/F - - - - 2013
Tax Benefit C/F, After Five Years - - - - 3.6
Total Tax Benefit C/F - - - - 3.6
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Max. Year for Tax Benefit C/F - - - - 2025
Adoption of FIN 48 Related Items
Impact on Non-Current Liabilities - 16.1 - - -Impact on Retained Earnings - (16.1) - - -
Unrecognized Tax Benefits - Beginning of Period - - - - 77.8
Increase in Unrecog. Tax Benefits - Current Yr. - - - - 4.4
Increase in Unrecog. Tax Benefits - Prior Yrs. - - - - 5.9
Decrease in Unrecog. Tax Benefits - Prior Yrs. - - - - (10.2)
Settlements with Tax Authorities - - - - (7.5)
Lapse of Statute of Limitations - - - - (0.6)
Unrecognized Tax Benefits - End of Period - - - - 69.8
Interest and Penalties Recog. on IS - Before Tax - - - - -
Interest and Penalties Recog. on BS - Before Tax - - - - -
Unrecog. Tax Benefit Impacting Effective Tax Rate - - - - -
Fair Value Measurements
Level 1 Assets - Quoted Prices - - 380.1 1,298.3 853.8
Level 2 Assets - Observable Prices - - 31.5 53.4 50.3
Level 3 Assets - Unobservable Prices - - 330.7 245.4 -
Fair Value of Assets - - 742.3 1,597.0 904.0
Level 2 Liabilities - Observable Prices - - 23.5 16.3 20.1
Fair Value of Liabilities - - 23.5 16.3 20.1
Filing Date Feb-17-2009 Feb-23-2010 Feb-24-2011 Feb-23-2012 Feb-23-2012
Financial data provided by
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lt)
12 months
Dec-31-2011
USD
7.3
0.4
0.4
0.7
6.6
$36.34
$41.0
7.30.4
0.4
0.7
6.6
38.2
24.0
431.7
431.7
2031
1.0
1.0
-
2.0
2013
9.2
9.2
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2026
--
69.8
3.0
13.7
(21.6)
(5.6)
(2.2)
57.1
(1.8)
24.3
40.6
1,302.4
169.8
-
1,472.2
5.1
5.1
Feb-23-2012
l id ( ) i i l i /
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Harley-Davidson, Inc. (NYSE:HOG) > Financials > Pension/OPEB
In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Currency: Reported Currency Conversion: Today's Spot RateOrder: Latest on Right Units: S&P Capital IQ (Defaul
Decimals: Capital IQ (Default)
Pension/OPEB
For the Fiscal Period Ending 12 months
Dec-31-2006
12 months
Dec-31-2007
12 months
Dec-31-2008
12 months
Dec-31-2009
12 months
Dec-31-2010
Currency USD USD USD USD USD
Pension Information - Total
Defined Benefit Net Periodic Cost
Def. Benefit Service Cost 48.8 51.6 51.4 47.3 42.9
Def. Benefit Plan Interest Cost 52.6 59.8 68.6 74.6 78.0
Def. Benefit Plan Return on Assets (76.4) (80.8) (88.1) (86.2) (97.4)
Def. Benefit Plan Other Cost 24.6 18.4 12.6 49.1 48.4
Def. Benefit Plan Total Cost 49.7 48.9 44.5 84.8 71.9
Def. Contribution Plan Cost 8.8 11.7 14.4 3.4 12.6
Total Pension Expense 58.5 60.6 58.9 88.2 84.5
Defined Benefit Obligation
Beg. Def. Benefit Obligation 963.8 976.7 1,033.6 1,178.3 1,284.7
Def. Benefit Service Cost 48.8 51.6 51.4 47.3 42.9
Def. Benefit Interest Cost 52.6 59.8 68.6 74.6 78.0
Def. Benefit Employee Contributions 7.2 7.0 6.9 5.6 3.8
Def. Benefit Actuarial Gain/Losses (67.1) (32.2) 36.9 12.8 46.0
Def. Benefits Paid (28.7) (32.9) (42.7) (52.2) (81.2)
Def. Benefit Settlement/Curtailment - - - 17.8 14.2
Other Adj. To Def. Benefit Obligation - 3.6 23.7 0.6 1.9
Proj. Benefit Obligation (Pension) 976.7 1,033.6 1,178.3 1,284.7 1,390.4
Accum. Benefit Obligation 925.8 976.7 1,110.0 1,210.0 1,310.0
Plan Assets
Beg. Plan Assets 922.2 982.1 1,067.9 690.6 1,026.1
Actual Return on Plan Assets 80.4 110.7 (357.8) 159.2 136.7
Employer Contributions 1.0 1.0 1.1 223.0 20.0
Participant Contributions 7.2 7.0 6.9 5.6 3.8
Benefits Paid (28.7) (32.9) (42.7) (52.2) (81.2)
Other Plan Adjustments - - 15.2 - -Total Plan Assets 982.1 1,067.9 690.6 1,026.1 1,105.5
W i ht d A A ti N t P i di C t
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Weighted Avg. Assumptions on Net Periodic Cost
Net Periodic Cost Disc. Rate - Min 5.5% 5.9% 6.3% 6.1% 6.0%
Net Periodic Cost Disc. Rate - Max 5.5% 5.9% 6.3% 6.1% 6.0%
Rate of Comp. Increase - Min 3.2% 3.3% 4.0% 3.6% 3.7%Rate of Comp. Increase - Max 3.2% 3.3% 4.0% 3.6% 3.7%
Exp. Long-Term Rate of Return on Assets - Min 8.5% 8.5% 8.5% 8.3% 8.3%
Exp. Long-Term Rate of Return on Assets - Max 8.5% 8.5% 8.5% 8.3% 8.3%
Breakdown of Plan Assets
Plan Assets - Equities (%) 77.0% 81.0% - - 71.4%
Plan Assets - Fixed Income (%) 17.0% 18.0% - - 28.6%
Other Plan Assets (%) 6.0% 1.0% - - -
Breakdown of Plan AssetsPlan Assets - Equities 756.2 865.0 - - 789.6
Plan Assets - Fixed Income 167.0 192.2 - - 315.9
Other Plan Assets 58.9 10.7 - - -
Weighted Avg. Assumptions on Def. Benefit Obligation
PBO Assumed Rate of Return - Min 5.9% 6.3% 6.1% 6.0% 5.8%
PBO Assumed Rate of Return - Max 5.9% 6.3% 6.1% 6.0% 5.8%
Rate of PBO Compensation Increase - Min 3.3% 4.0% 3.7% 3.7% 3.5%
Rate of PBO Compensation Increase - Max 3.3% 4.0% 3.7% 3.7% 3.5%
Estimated Future Benefits Paid
Est. Future Benefits Paid - 1st Yr 32.6 41.1 47.7 63.6 66.5
Est. Future Benefits Paid - 2nd Yr 38.9 43.7 52.0 61.1 66.3
Est. Future Benefits Paid - 3rd Yr 44.4 47.7 54.0 66.9 67.5
Est. Future Benefits Paid - 4th Yr 48.9 49.8 58.3 68.5 70.3
Est. Future Benefits Paid - 5th Yr 51.8 54.0 61.0 68.7 70.5
Est. Future Benefits Paid - Thereafter 324.5 301.9 324.5 389.4 411.8
Balance Sheet Reconciliation ItemsAccrued Benefit Liability (50.0) (54.4) (487.7) (258.6) -
Adj. for Liability Recognized on Balance Sheet
Other Adj. (Net Benefit Asset/Liab.) - 1.2 - - -
Net Asset/Liability Recognized on Balance Sheet 5.4 35.4 (487.7) (258.6) (284.9)
Other Compr. Income Components Recognized on the BS
Net Actuarial Loss/Gain - - - - -
Prior Service Cost/Benefit - - - - -
Net Amount Recognized - - - - -
Consolidated Balance Sheet Amounts
Long Term Assets 55.4 89.9 - - -
Current Liabilities (2 0) (2 9) (3 7) (13 3) (2 8)
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Current Liabilities (2.0) (2.9) (3.7) (13.3) (2.8)
Long Term Liabilities (47.9) (51.6) (484.0) (245.3) (282.1)
Net Periodic Benefit Cost to be Recognized in the Subsequent PeriodPrior Service Cost/Credit 4.1 3.8 3.9 2.9 1.9
Net Actuarial Loss/Gain 7.2 3.9 9.1 14.8 19.1
Total Amount to be Recognized 11.3 7.7 13.0 17.7 20.9
Other Pension Related Items
Est. Contributions - Next Year - - 80.0 - 200.0
Benefit Info Date Sep-30-2006 Sep-30-2007 Dec-31-2008 Dec-31-2009 Dec-31-2010
OPEB Information - Total
Defined Benefit Net Periodic CostDef. Benefit Service Cost 12.9 12.9 13.1 11.4 10.0
Def. Benefit Interest Cost 16.1 19.6 21.6 22.4 20.8
Def. Benefit Expected Return on Assets (9.1) (10.0) (11.2) (11.2) (9.8)
Def. Benefit Other Cost 5.4 5.8 9.3 11.6 18.1
Def. Benefit Total Cost 25.3 28.3 32.7 34.3 39.1
Total OPEB Expense 25.3 28.3 32.7 34.3 39.1
Defined Benefit Obligation
Beg. Def. Benefit Obligation 298.3 325.0 332.1 372.6 377.3
Def. Benefit Service Cost 12.9 12.9 13.1 11.4 10.0
Def. Benefit Interest Cost 16.1 19.6 21.6 22.4 20.8
Def. Benefit Employee Contributions 0.3 0.5 1.0 1.0 1.4
Def. Benefit Actuarial Gain/Losses 9.2 (11.8) 13.9 (7.3) (0.2)
Def. Benefits Paid (11.9) (14.0) (19.8) (18.3) (23.7)
Def. Benefit Settlement/Curtailment - - - 5.0 15.1
Other Adj. To Def. Benefit Obligation - - 10.6 (9.6) (22.3)
Proj. Benefit Obligation 325.0 332.1 372.6 377.3 378.3
Plan Assets
Beg. Plan Assets 109.3 119.8 136.1 96.6 109.1
Actual Return on Plan Assets 10.6 16.3 (41.0) 21.2 15.2
Employer Contributions 12.1 13.5 18.4 10.2 20.0
Participant Contributions 0.3 0.5 1.0 1.0 1.4
Benefits Paid (12.4) (13.9) (20.6) (19.8) (24.6)
Other Plan Adjustments - - 2.8 - -
Total Plan Assets 119.8 136.1 96.6 109.1 121.1
Weighted Avg. Assumptions on Net Periodic CostNet Periodic Cost Disc. Rate - Min 5.5% 5.9% 6.3% 6.1% 5.7%
Net Periodic Cost Disc. Rate - Max 5.5% 5.9% 6.3% 6.1% 5.7%
Exp. Long-Term Rate of Return on Assets - Min 8.5% 8.5% 8.5% 8.3% 8.3%
Exp Long-Term Rate of Return on Assets - Max 8 5% 8 5% 8 5% 8 3% 8 3%
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Exp. Long Term Rate of Return on Assets Max 8.5% 8.5% 8.5% 8.3% 8.3%
Breakdown of Plan Assets
Plan Assets - Equities (%) 76.0% 80.0% - - 74.6%Plan Assets - Fixed Income (%) 17.0% 20.0% - - 25.4%
Other Plan Assets (%) 7.0% - - - -
Breakdown of Plan Assets
Plan Assets - Equities 91.1 108.9 - - 90.3
Plan Assets - Fixed Income 20.4 27.2 - - 30.8
Other Plan Assets 8.4 - - - -
Weighted Avg. Assumptions on Def. Benefit Obligation
PBO Assumed Rate of Return - Min 5.9% 6.3% 6.1% 5.7% 5.3%PBO Assumed Rate of Return - Max 5.9% 6.3% 6.1% 5.7% 5.3%
Estimated Future Benefits Paid
Est. Future Benefits Paid - 1st Yr 13.0 17.4 20.1 25.8 28.0
Est. Future Benefits Paid - 2nd Yr 16.4 21.3 23.4 31.0 30.8
Est. Future Benefits Paid - 3rd Yr 19.7 23.2 25.4 33.5 31.2
Est. Future Benefits Paid - 4th Yr 21.1 25.2 26.9 33.7 31.4
Est. Future Benefits Paid - 5th Yr 22.5 26.6 28.2 34.1 31.6
Est. Future Benefits Paid - Thereafter 125.9 149.2 158.1 177.5 153.4
Balance Sheet Reconciliation Items
Accrued Benefit Liability (201.6) (193.0) - (268.1) -
Adj. for Liability Recognized on Balance Sheet
Other Adj. (Net Benefit Asset/Liab.) 3.5 3.1 - - -
Net Asset/Liability Recognized on Balance Sheet (201.6) (193.0) (276.0) (268.1) (257.3)
Benefits Sensitivity Analysis
1% Increase - Effect on Service and Interest Cost - - - - -
1% Increase - Effect on PBO - - - - -
1% Decrease - Effect on Service and Interest Cost - - - - -
1% Decrease - Effect on PBO - - - - -
Other Compr. Income Components Recognized on the BS
Net Actuarial Loss/Gain - - - - -
Prior Service Cost/Benefit - - - - -
Net Amount Recognized - - - - -
Consolidated Balance Sheet AmountsCurrent Liabilities (0.5) (0.4) (1.6) (3.7) (2.5)
Long Term Liabilities (201.1) (192.5) (274.4) (264.5) (254.8)
Net Periodic Benefit Cost to be Recognized in the Subsequent Period
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Net Periodic Benefit Cost to be Recognized in the Subsequent Period
Prior Service Cost/Benefit (0.7) (0.7) (0.7) (2.2) (2.4)
Net Actuarial Loss/Gain 4.3 3.4 4.0 5.7 4.5
Total Amount to be Recognized 3.6 2.7 3.3 3.4 2.1
Other Post-Retirement Benefit Related Items
Health Care Cost Trend Rate, Initial - - - - 8.5%
Health Care Cost Trend Rate, Ultimate - - - - 5.0%
Benefit Info Date Sep-30-2006 Sep-30-2007 Dec-31-2008 Dec-31-2009 Dec-31-2010
Pension Information - Domestic
Defined Benefit Net Periodic Cost
Def. Benefit Service Cost 48.8 51.6 51.4 47.3 42.9
Def. Benefit Interest Cost 52.6 59.8 68.6 74.6 78.0Def. Benefit Return On Assets (76.4) (80.8) (88.1) (86.2) (97.4)
Def. Benefit Other Cost 24.6 18.4 12.6 49.1 48.4
Def. Benefit Total Cost 49.7 48.9 44.5 84.8 71.9
Defined Benefit Obligation
Beg. Def. Benefit Obligation 963.8 976.7 1,033.6 1,178.3 1,284.7
Def. Benefit Service Cost 48.8 51.6 51.4 47.3 42.9
Def. Benefit Interest Cost 52.6 59.8 68.6 74.6 78.0
Def. Benefit Employee Contributions 7.2 7.0 6.9 5.6 3.8
Def. Benefit Actuarial Gain/Losses (67.1) (32.2) 36.9 12.8 46.0
Def. Benefits Paid (28.7) (32.9) (42.7) (52.2) (81.2)
Def. Benefit Settlement/Curtailment - - - 17.8 14.2
Other Adj. To Def. Benefit Obligation - 3.6 23.7 0.6 1.9
Proj. Benefit Obligation (Pension) - Domestic 976.7 1,033.6 1,178.3 1,284.7 1,390.4
Accum. Benefit Obligation 925.8 976.7 1,110.0 1,210.0 1,310.0
Plan Assets
Beg. Plan Assets 922.2 982.1 1,067.9 690.6 1,026.1
Actual Return on Plan Assets 80.4 110.7 (357.8) 159.2 136.7
Employer Contributions 1.0 1.0 1.1 223.0 20.0
Participant Contributions 7.2 7.0 6.9 5.6 3.8
Benefits Paid (28.7) (32.9) (42.7) (52.2) (81.2)
Other Plan Adjustments - - 15.2 - -
Total Plan Assets 982.1 1,067.9 690.6 1,026.1 1,105.5
Weighted Avg. Assumptions on Net Periodic Cost
Net Periodic Cost Disc. Rate - Min 5.5% 5.9% 6.3% 6.1% 6.0%
Net Periodic Cost Disc. Rate - Max 5.5% 5.9% 6.3% 6.1% 6.0%Rate of Comp. Increase - Min 3.2% 3.3% 4.0% 3.6% 3.7%
Rate of Comp. Increase - Max 3.2% 3.3% 4.0% 3.6% 3.7%
Exp. Long-Term Rate of Return on Assets - Min 8.5% 8.5% 8.5% 8.3% 8.3%
Exp. Long-Term Rate of Return on Assets - Max 8.5% 8.5% 8.5% 8.3% 8.3%
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Breakdown of Plan Assets
Plan Assets - Equities (%) - - - - 71.4%Plan Assets - Fixed Income (%) - - - - 28.6%
Breakdown of Plan Assets
Plan Assets - Equities - - - - 789.6
Plan Assets - Fixed Income - - - - 315.9
Weighted Avg. Assumptions on Def. Benefit Obligation
PBO Assumed Rate of Return - Min 5.9% 6.3% 6.1% 6.0% 5.8%
PBO Assumed Rate of Return - Max 5.9% 6.3% 6.1% 6.0% 5.8%
Rate of PBO Compensation Increase - Min 3.3% 4.0% 3.7% 3.7% 3.5%Rate of PBO Compensation Increase - Max 3.3% 4.0% 3.7% 3.7% 3.5%
Estimated Future Benefits Paid
Est. Future Benefits Paid - 1st Yr 32.6 41.1 47.7 63.6 66.5
Est. Future Benefits Paid - 2nd Yr 38.9 43.7 52.0 61.1 66.3
Est. Future Benefits Paid - 3rd Yr 44.4 47.7 54.0 66.9 67.5
Est. Future Benefits Paid - 4th Yr 48.9 49.8 58.3 68.5 70.3
Est. Future Benefits Paid - 5th Yr 51.8 54.0 61.0 68.7 70.5
Est. Future Benefits Paid - Thereafter 324.5 301.9 324.5 389.4 411.8
Balance Sheet Reconciliation Items
Accrued Benefit Liability (50.0) (54.4) (487.7) (258.6) -
Adj. for Liability Recognized on Balance Sheet
Other Adj. (Net Benefit Asset/Liab.) - 1.2 - - -
Net Asset/Liability Recognized on Balance Sheet 5.4 35.4 (487.7) (258.6) (284.9)
Other Compr. Income Components Recognized on the BS
Net Actuarial Loss/Gain - - - - -
Prior Service Cost/Benefit - - - - -
Net Amount Recognized - - - - -
Consolidated Balance Sheet Amounts
Long Term Assets 55.4 89.9 - - -
Current Liabilities (2.0) (2.9) (3.7) (13.3) (2.8)
Long Term Liabilities (47.9) (51.6) (484.0) (245.3) (282.1)
Net Periodic Benefit Cost to be Recognized in the Subsequent Period
Prior Service Cost/Credit 4.1 3.8 3.9 2.9 1.9Net Actuarial Loss/Gain 7.2 3.9 9.1 14.8 19.1
Total Amount to be Recognized 11.3 7.7 13.0 17.7 20.9
Other Pension Related Items
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Est. Contributions - Next Year - - 80.0 - 200.0
Benefit Info Date Sep-30-2006 Sep-30-2007 Dec-31-2008 Dec-31-2009 Dec-31-2010
OPEB Information - Domestic
Defined Benefit Net Periodic Cost
Def. Benefit Service Cost 12.9 12.9 13.1 11.4 10.0
Def. Benefit Interest Cost 16.1 19.6 21.6 22.4 20.8
Def. Benefit Expected Return on Assets (9.1) (10.0) (11.2) (11.2) (9.8)
Def. Benefit Other Cost 5.4 5.8 9.3 11.6 18.1
Def. Benefit Total Cost 25.3 28.3 32.7 34.3 39.1
Defined Benefit Obligation
Beg. Def. Benefit Obligation 298.3 325.0 332.1 372.6 377.3Def. Benefit Service Cost 12.9 12.9 13.1 11.4 10.0
Def. Benefit Interest Cost 16.1 19.6 21.6 22.4 20.8
Def. Benefit Employee Contributions 0.3 0.5 1.0 1.0 1.4
Def. Benefit Actuarial Gain/Losses 9.2 (11.8) 13.9 (7.3) (0.2)
Def. Benefits Paid (11.9) (14.0) (19.8) (18.3) (23.7)
Def. Benefit Settlement/Curtailment - - - 5.0 15.1
Other Adj. To Def. Benefit Obligation - - 10.6 (9.6) (22.3)
Proj. Benefit Obligation 325.0 332.1 372.6 377.3 378.3
Plan Assets
Beg. Plan Assets 109.3 119.8 136.1 96.6 109.1
Actual Return on Plan Assets 10.6 16.3 (41.0) 21.2 15.2
Employer Contributions 12.1 13.5 18.4 10.2 20.0
Participant Contributions 0.3 0.5 1.0 1.0 1.4
Benefits Paid (12.4) (13.9) (20.6) (19.8) (24.6)
Other Plan Adjustments - - 2.8 - -
Total Plan Assets 119.8 136.1 96.6 109.1 121.1
Weighted Avg. Assumptions on Net Periodic Cost
Net Periodic Cost Disc. Rate - Min 5.5% 5.9% 6.3% 6.1% 5.7%
Net Periodic Cost Disc. Rate - Max 5.5% 5.9% 6.3% 6.1% 5.7%
Exp. Long-Term Rate of Return on Assets - Min 8.5% 8.5% 8.5% 8.3% 8.3%
Exp. Long-Term Rate of Return on Assets - Max 8.5% 8.5% 8.5% 8.3% 8.3%
Breakdown of Plan Assets
Plan Assets - Equities (%) - - - - 74.6%
Plan Assets - Fixed Income (%) - - - - 25.4%
Breakdown of Plan AssetsPlan Assets - Equities - - - - 90.3
Plan Assets - Fixed Income - - - - 30.8
Weighted Avg. Assumptions on Def. Benefit Obligation
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PBO Assumed Rate of Return - Min 5.9% 6.3% 6.1% 5.7% 5.3%
PBO Assumed Rate of Return - Max 5.9% 6.3% 6.1% 5.7% 5.3%
Estimated Future Benefits Paid
Est. Future Benefits Paid - 1st Yr 13.0 17.4 20.1 25.8 28.0
Est. Future Benefits Paid - 2nd Yr 16.4 21.3 23.4 31.0 30.8
Est. Future Benefits Paid - 3rd Yr 19.7 23.2 25.4 33.5 31.2
Est. Future Benefits Paid - 4th Yr 21.1 25.2 26.9 33.7 31.4
Est. Future Benefits Paid - 5th Yr 22.5 26.6 28.2 34.1 31.6
Est. Future Benefits Paid - Thereafter 125.9 149.2 158.1 177.5 153.4
Balance Sheet Reconciliation Items
Accrued Benefit Liability (201.6) (193.0) - (268.1) -
Adj. for Liability Recognized on Balance Sheet
Other Adj. (Net Benefit Asset/Liab.) 3.5 3.1 - - -
Net Asset/Liability Recognized on Balance Sheet (201.6) (193.0) (276.0) (268.1) (257.3)
Benefits Sensitivity Analysis
1% Increase - Effect on Service and Interest Cost - - - - -
1% Increase - Effect on PBO - - - - -
1% Decrease - Effect on Service and Interest Cost - - - - -
1% Decrease - Effect on PBO - - - - -
Other Compr. Income Components Recognized on the BS
Net Actuarial Loss/Gain - - - - -
Prior Service Cost/Benefit - - - - -
Net Amount Recognized - - - - -
Consolidated Balance Sheet Amounts
Current Liabilities (0.5) (0.4) (1.6) (3.7) (2.5)
Long Term Liabilities (201.1) (192.5) (274.4) (264.5) (254.8)
Net Periodic Benefit Cost to be Recognized in the Subsequent Period
Prior Service Cost/Credit (0.7) (0.7) (0.7) (2.2) (2.4)
Net Actuarial Loss/Gain 4.3 3.4 4.0 5.7 4.5
Total Amount to be Recognized 3.6 2.7 3.3 3.4 2.1
Other Post-Retirement Benefit Related Items
Health Care Cost Trend Rate, Initial - - - - 8.5%
Health Care Cost Trend Rate, Ultimate - - - - 5.0%
Benefit Info Date Sep-30-2006 Sep-30-2007 Dec-31-2008 Dec-31-2009 Dec-31-2010
Pension Information - Foreign
Other Pension Related Items
Benefit Info Date Sep-30-2006 Sep-30-2007 - - -
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OPEB Information - Foreign
Other Post-Retirement Benefit Related ItemsBenefit Info Date Sep-30-2006 Sep-30-2007 - - -
Financial data provided by
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lt)
12 months
Dec-31-2011
USD
37.3
80.8
(106.6)
33.8
45.3
12.5
57.8
1,390.4
37.3
80.8
3.4
127.3
(68.5)
0.2
-
1,570.9
1,460.0
1,105.5
8.1
205.4
3.4
(68.5)
-1,253.9
5 8%
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5.8%
5.8%
3.5%
3.5%
8.0%
8.0%
67.5%
32.5%
-
846.7
407.2
-
5.3%
5.3%
3.5%
3.5%
80.6
68.3
70.2
70.2
72.2
422.8
-
-
(317.0)
462.0
5.4
467.4
-
(14.5)
(302.5)
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(30 5)
1.9
27.6
29.5
200.0
Dec-31-2011
7.6
19.6
(9.4)
3.3
21.2
21.2
378.37.6
19.6
1.5
(1.4)
(27.4)
-
2.2
380.6
121.1
0.8
14.1
1.5
(28.4)
-
109.2
5.3%
5.3%
8.0%
8.0%
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82.4%
17.6%
-
89.9
19.3
-
4.9%4.9%
29.1
30.3
30.6
30.3
29.6
144.2
-
-
(271.5)
0.9
14.2
(0.9)
(13.2)
84.0
(18.3)
65.6
(2.9)
(268.6)
(2.4)
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4.7
2.2
8.5%
5.0%
Dec-31-2011
37.3
80.8(106.6)
33.8
45.3
1,390.4
37.3
80.8
3.4
127.3(68.5)
0.2
-
1,570.9
1,460.0
1,105.5
8.1
205.4
3.4
(68.5)
-
1,253.9
5.8%
5.8%3.5%
3.5%
8.0%
8.0%
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67.5%
32.5%
846.7
407.2
5.3%
5.3%
3.5%3.5%
80.6
68.3
70.2
70.2
72.2
422.8
-
-
(317.0)
462.0
5.4
467.4
-
(14.5)
(302.5)
1.9
27.6
29.5
200.0
D 31 2011
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Dec-31-2011
7.6
19.6
(9.4)
3.3
21.2
378.37.6
19.6
1.5
(1.4)
(27.4)
-
2.2
380.6
121.1
0.8
14.1
1.5
(28.4)
-
109.2
5.3%
5.3%
8.0%
8.0%
82.4%
17.6%
89.9
19.3
4.9%
4 9%
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4.9%
29.1
30.3
30.6
30.3
29.6
144.2
-
-
(271.5)
0.9
14.2
(0.9)
(13.2)
84.0
(18.3)
65.6
(2.9)
(268.6)
(2.4)
4.7
2.2
8.5%
5.0%
Dec-31-2011
-
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-
Harley-Davidson, Inc. (NYSE:HOG) > Financials > Segments
In Millions of the reported currency View By: Line Items Restatement: Latest Filings
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In Millions of the reported currency. View By: Line Items Restatement: Latest Filings
Period Type: Annual Order: Latest on RightCurrency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defau Decimals: Capital IQ (Default)
Business Segments
For the Fiscal Period Ending
Reclassified
12 months
Dec-31-2006
Reclassified
12 months
Dec-31-2007
Reclassified
12 months
Dec-31-2008
Reclassified
12 months
Dec-31-2009
Reclassified
12 months
Dec-31-2010
Currency USD USD USD USD USD
RevenuesMotorcycles & Related Products Operations 5,800.7 5,734.7 5,583.3 4,287.1 4,176.6
Financial Services Operations 384.9 422.7 377.5 495.7 683.3
Corporate - (14.3) (5.5) (0.9) (0.6)
Total Revenues 6,185.6 6,143.0 5,955.4 4,781.9 4,859.3
Gross Profit Before Tax
Motorcycles & Related Products Operations - 2,114.1 1,931.1 1,386.2 1,427.4
Total Gross Profit Before Tax - 2,114.1 1,931.1 1,386.2 1,427.4
Operating Profit Before TaxMotorcycles & Related Products Operations 1,409.0 1,214.8 980.8 313.1 382.0
Financial Services Operations 210.7 210.8 78.4 (117.1) 178.6
Corporate (22.6) - - - -
Total Operating Profit Before Tax 1,597.2 1,425.6 1,059.2 196.1 560.6
Interest Expense
Motorcycles & Related Products Operations - - (4.5) (21.7) (90.4)
Financial Services Operations - (81.5) (136.8) (283.6) (272.5)
Total Interest Expense - (81.5) (141.3) (305.3) (362.8)
Net Profit Before Tax
Motorcycles & Related Products Operations - 1,237.0 987.5 295.7 211.8
Financial Services Operations - 210.8 78.4 (117.1) 178.6
Corporate - - - - -
Total Net Profit Before Tax - 1,447.8 1,065.9 178.7 390.5
Tax Expense
Motorcycles & Related Products Operations - 438.7 353.6 140.6 66.5
Financial Services Operations - 75.2 28.0 (32.5) 64.3
Total Tax Expense - 514.0 381.7 108.0 130.8
Net Profit After Tax
Motorcycles & Related Products Operations - 798.3 604.4 29.4 32.2
Financial Services Operations - 135.6 50.4 (84.5) 114.3
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( )
Corporate - - - - -
Total Net Profit After Tax - 933.8 654.7 (55.1) 146.5
Depreciation & Amortization
Motorcycles & Related Products Operations 206.0 197.7 212.9 238.3 248.2
Financial Services Operations 7.8 6.5 7.8 8.1 6.9
Total Depreciation & Amortization 213.8 204.2 220.8 246.3 255.2
Capital Expenditure
Motorcycles & Related Products Operations (209.1) (232.1) (224.6) (111.3) (167.7)
Financial Services Operations (10.5) (10.0) (4.3) (5.4) (3.1)Total Capital Expenditure (219.6) (242.1) (229.0) (116.7) (170.8)
Filing Date Feb-17-2009 Feb-23-2010 Feb-24-2011 Feb-23-2012 Feb-23-2012
Geographic Segments
For the Fiscal Period Ending
Reclassified
12 months
Dec-31-2006
Reclassified
12 months
Dec-31-2007
Reclassified
12 months
Dec-31-2008
Reclassified
12 months
Dec-31-2009
Reclassified
12 months
Dec-31-2010Currency USD USD USD USD USD
Revenues
United States 4,975.5 4,589.0 4,192.5 3,376.3 3,470.9
Europe 632.1 803.8 891.2 704.0 703.0
Japan 207.9 229.8 279.4 255.9 234.2
Canada 206.3 251.8 282.0 201.4 184.0
Australia 82.8 162.7 168.1 137.6 136.2
Other Foreign Countries 81.0 106.0 142.2 106.7 131.1
Total Revenues 6,185.6 6,143.0 5,955.4 4,781.9 4,859.3
Filing Date Feb-17-2009 Feb-23-2010 Feb-24-2011 Feb-23-2012 Feb-23-2012
Financial data provided by
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12 months
Dec-31-2011
USD
4,671.9
649.5
(9.7)
5,311.7
1,556.0
1,556.0
570.8
259.1
-
830.0
(45.3)
(229.5)
(274.8)
658.5
259.1
(125.0)
792.7
150.8
93.8244.6
558.8
165.3
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(125.0)
599.1
174.0
6.4
180.4
(180.0)
(9.0)
(189.0)
Feb-23-2012
12 months
Dec-31-2011USD
3,774.8
785.9
229.4
180.1
141.4
200.1
5,311.7
Feb-23-2012
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