Harley-Davidson, Inc. (HOG) Financial Statements (2024 and earlier)

Company Profile

Business Address 3700 W JUNEAU AVE
MILWAUKEE, WI 53208
State of Incorp. WI
Fiscal Year End December 31
Industry (SIC) 3751 - Motorcycles, Bicycles, and Parts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4331,8753,2578341,214688
Cash and cash equivalents1,4331,8753,2578341,204688
Short-term investments     10 
Restricted cash and investments135129132654948
Receivables2521,6481,6532,5322,5212,436
Inventory, net of allowances, customer advances and progress billings951713523604556538
Inventory951713523604556538
Other current assets196186280169144176
Financing receivable, excluding accrued interest, after allowance for credit loss1,783 
Total current assets:4,7514,5505,8454,2034,4843,885
Noncurrent Assets
Operating lease, right-of-use asset44504562
Property, plant and equipment690684744847904968
Long-term investments and receivables  5,1064,9335,1025,0084,859
Accounts and financing receivable, after allowance for credit loss  5,1064,9335,1025,0084,859
Intangible assets, net (including goodwill)686366645556
Goodwill626366645556
Intangible assets, net (excluding goodwill)6     
Restricted cash and investments11222077 
Deferred income tax assets13583159101
Other noncurrent assets135129122937376
Financing receivable, excluding accrued interest, after allowance for credit loss5,356 
Other undisclosed noncurrent assets3033657549135129
Total noncurrent assets:6,7426,5016,1656,3256,1816,088
TOTAL ASSETS:11,49211,05112,01110,52810,6669,973
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities999977848877886757
Accounts payable378375291294285228
Accrued liabilities621602557582601530
Debt2,4552,2943,054   
Other undisclosed current liabilities8072802,3202,7122,401
Total current liabilities:3,5343,3433,9823,1973,5983,158
Noncurrent Liabilities
Long-term debt and lease obligation4,4574,6265,9635,1694,8884,587
Long-term debt, excluding current maturities4,4574,5965,9335,1254,8884,587
Liabilities, other than long-term debt357311343358406383
Deferred income tax liabilities30998
Liability, pension and other postretirement and postemployment benefits6895114129202173
Other liabilities233207220221204210
Operating lease, liability27303044
Other undisclosed noncurrent liabilities238     
Total noncurrent liabilities:5,0524,9376,3065,5275,2944,970
Total liabilities:8,5868,28010,2888,7248,8928,128
Equity
Equity, attributable to parent2,9042,5531,7231,8041,7741,844
Common stock222222
Treasury stock, value(935)(597)(588)(1,346)(1,065)(688)
Additional paid in capital1,6881,5471,5081,4911,4601,423
Accumulated other comprehensive loss(342)(241)(483)(537)(630)(500)
Retained earnings2,4911,8421,2852,1942,0081,608
Equity, attributable to noncontrolling interest3     
Total equity:2,9072,5531,7231,8041,7741,844
Other undisclosed liabilities and equity  218    
TOTAL LIABILITIES AND EQUITY:11,49211,05112,01110,52810,6669,973

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,7555,3364,0545,3625,7175,647
Revenue, net4,915
Cost of revenue(3,767)(3,461)(2,864)(3,575)(3,652)(3,574)
Cost of goods and services sold(3,404)(3,243)(2,436)(3,230)(3,352)(3,262)
Gross profit:1,9891,8751,1901,7872,0652,073
Operating expenses(1,079)(1,052)(1,181)(1,231)(1,351)(1,182)
Operating income:90982310556714891
Nonoperating income532763344
Investment income, nonoperating5781614
Other nonoperating income (expense)4920(2)173 
Interest and debt expense(31)(31)(31)(31)(31)(31)
Income (loss) from continuing operations before income taxes:931819(16)557687864
Income tax expense (benefit)(192)(169)17(134)(155)(342)
Income from continuing operations:7396501424531522
Income before gain (loss) on sale of properties:6501424531522
Net income:7396501424531522
Net income attributable to noncontrolling interest 2     
Other undisclosed net income attributable to parent      
Net income available to common stockholders, diluted:7416501424531522

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:7396501424531522
Other comprehensive income (loss)(101)     
Comprehensive income:6386501424531522
Comprehensive income, net of tax, attributable to noncontrolling interest2     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  2425493(21)65
Comprehensive income, net of tax, attributable to parent:64089355516510587

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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