Supplemental Consolidating Data

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Consolidating Data

Supplemental Consolidating DataThe supplemental consolidating legal entity data is presented to highlight the separate financial statement impacts of the Company's financial services entities and its non-financial services entities. The legal entity income statement information presented below differs from reportable segment income statement information due to the allocation of legal entity consolidating adjustments to income for reportable segments. Supplemental consolidating data for 2022 is as follows (in thousands):

	Year Ended December 31, 2022
	Non-Financial Services Entities		Financial Services Entities		Consolidating Adjustments		Consolidated
Revenue:
Motorcycles and related products	$	4,946,005	$	—	$	(11,500)	$	4,934,505
Financial services	—		822,530		(1,905)		820,625
	4,946,005		822,530		(13,405)		5,755,130
Costs and expenses:
Motorcycles and related products cost of goods sold	3,403,728		—		—		3,403,728
Financial services interest expense	—		217,653		—		217,653
Financial services provision for credit losses	—		145,133		—		145,133
Selling, administrative and engineering expense	941,856		151,833		(13,807)		1,079,882
Restructuring benefit	(544)		—		—		(544)
	4,345,040		514,619		(13,807)		4,845,852
Operating income	600,965		307,911		402		909,278
Other income, net	48,652		—		—		48,652
Investment income	204,538		—		(200,000)		4,538
Interest expense	31,235		—		—		31,235
Income before income taxes	822,920		307,911		(199,598)		931,233
Income tax provision	125,820		66,199		—		192,019
Net income	697,100		241,712		(199,598)		739,214
Less: (income) loss attributable to noncontrolling interests	2,194		—		—		2,194
Net income attributable to Harley-Davidson, Inc.	$	699,294	$	241,712	$	(199,598)	$	741,408

	Year Ended December 31, 2021
	Non-Financial Services Entities		Financial Services Entities		Consolidating Adjustments		Consolidated
Revenue:
Motorcycles and related products	$	4,564,703	$	—	$	(24,463)	$	4,540,240
Financial services	—		788,736		7,332		796,068
	4,564,703		788,736		(17,131)		5,336,308
Costs and expenses:
Motorcycles and related products cost of goods sold	3,243,287		—		—		3,243,287
Financial services interest expense	—		192,944		—		192,944
Financial services provision for credit losses	—		25,049		—		25,049
Selling, administrative and engineering expense	899,088		166,332		(17,246)		1,048,174
Restructuring expense	2,741		674		—		3,415
	4,145,116		384,999		(17,246)		4,512,869
Operating income	419,587		403,737		115		823,439
Other expense, net	20,076		—		—		20,076
Investment income	246,694		—		(240,000)		6,694
Interest expense	30,972		—		—		30,972
Income before income taxes	655,385		403,737		(239,885)		819,237
Income tax provision	73,590		95,623		—		169,213
Net income	581,795		308,114		(239,885)		650,024
Less: (income) loss attributable to noncontrolling interests	—		—		—		—
Net income attributable to Harley-Davidson, Inc.	$	581,795	$	308,114	$	(239,885)	$	650,024

	December 31, 2022
	Non-Financial Services Entities		Financial Services Entities		Consolidating Adjustments		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	1,021,798	$	411,377	$	—	$	1,433,175
Accounts receivable, net	369,192		—		(116,967)		252,225
Finance receivables, net	—		1,782,631		—		1,782,631
Inventories, net	950,960		—		—		950,960
Restricted cash	—		135,424		—		135,424
Other current assets	138,743		62,037		(4,542)		196,238
	2,480,693		2,391,469		(121,509)		4,750,653
Finance receivables, net	—		5,355,807		—		5,355,807
Property, plant and equipment, net	665,298		24,588		—		689,886
Pension and postretirement assets	320,133		—		—		320,133
Goodwill	62,090		—		—		62,090
Deferred income taxes	56,255		79,808		(1,022)		135,041
Lease assets	37,938		5,993		—		43,931
Other long-term assets	213,306		29,080		(107,451)		134,935
	$	3,835,713	$	7,886,745	$	(229,982)	$	11,492,476
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	359,584	$	135,385	$	(116,967)	$	378,002
Accrued liabilities	498,570		126,405		(4,030)		620,945
Short-term deposits, net	—		79,710		—		79,710
Short-term debt	—		770,468		—		770,468
Current portion of long-term debt, net	—		1,684,782		—		1,684,782
	858,154		2,796,750		(120,997)		3,533,907
Long-term deposits, net	—		237,665		—		237,665
Long-term debt, net	745,368		3,711,684		—		4,457,052
Lease liabilities	20,860		5,917		—		26,777
Pension and postretirement liabilities	67,955		—		—		67,955
Deferred income taxes	28,180		1,348		—		29,528
Other long-term liabilities	161,231		69,542		2,011		232,784
Commitments and contingencies (Note 16)
Shareholders’ equity	1,953,965		1,063,839		(110,996)		2,906,808
	$	3,835,713	$	7,886,745	$	(229,982)	$	11,492,476

	December 31, 2021
	Non-Financial Services Entities		Financial Services Entities		Consolidating Adjustments		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	1,078,205	$	796,540	$	—	$	1,874,745
Accounts receivable, net	284,674		—		(102,526)		182,148
Finance receivables, net	—		1,465,544		—		1,465,544
Inventories, net	712,942		—		—		712,942
Restricted cash	—		128,935		—		128,935
Other current assets	96,714		92,295		(3,232)		185,777
	2,172,535		2,483,314		(105,758)		4,550,091
Finance receivables, net	—		5,106,377		—		5,106,377
Property, plant and equipment, net	655,091		28,893		—		683,984
Pension and postretirement assets	386,152		—		—		386,152
Goodwill	63,177		—		—		63,177
Deferred income taxes	17,180		77,956		(12,214)		82,922
Lease assets	42,362		7,263		—		49,625
Other long-term assets	193,819		38,960		(104,052)		128,727
	$	3,530,316	$	7,742,763	$	(222,024)	$	11,051,055
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	356,309	$	121,195	$	(102,526)	$	374,978
Accrued liabilities	497,038		107,380		(2,437)		601,981
Short-term deposits, net	—		72,146		—		72,146
Short-term debt	—		751,286		—		751,286
Current portion of long-term debt, net	—		1,542,496		—		1,542,496
	853,347		2,594,503		(104,963)		3,342,887
Long-term deposits, net	—		218,180		—		218,180
Long-term debt, net	744,668		3,850,949		—		4,595,617
Lease liabilities	22,437		7,467		—		29,904
Pension and postretirement liabilities	95,299		—		—		95,299
Deferred income taxes	18,899		1,531		(11,169)		9,261
Other long-term liabilities	154,950		49,610		2,103		206,663
Commitments and contingencies (Note 16)
Shareholders’ equity	1,640,716		1,020,523		(107,995)		2,553,244
	$	3,530,316	$	7,742,763	$	(222,024)	$	11,051,055

	Year Ended December 31, 2022
	Non-Financial Services Entities		Financial Services Entities		Consolidating Adjustments		Consolidated
Cash flows from operating activities:
Net income	$	697,100	$	241,712	$	(199,598)	$	739,214
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	143,276		8,666		—		151,942
Amortization of deferred loan origination costs	—		94,914		—		94,914
Amortization of financing origination fees	700		14,405		—		15,105
Provision for long-term employee benefits	(21,891)		—		—		(21,891)
Employee benefit plan contributions and payments	(14,320)		—		—		(14,320)
Stock compensation expense	50,954		3,399		—		54,353
Net change in wholesale finance receivables related to sales	—		—		(198,623)		(198,623)
Provision for credit losses	—		145,133		—		145,133
Deferred income taxes	(11,988)		(3,925)		(23)		(15,936)
Other, net	(5,745)		(6,880)		(402)		(13,027)
Changes in current assets and liabilities:
Accounts receivable, net	(96,826)		—		14,441		(82,385)
Finance receivables - accrued interest and other	—		414		—		414
Inventories, net	(254,170)		—		—		(254,170)
Accounts payable and accrued liabilities	(6,840)		27,069		(15,726)		4,503
Other current assets	(54,516)		(3,559)		1,310		(56,765)
	(271,366)		279,636		(199,023)		(190,753)
Net cash provided by operating activities	425,734		521,348		(398,621)		548,461
Cash flows from investing activities:
Capital expenditures	(147,272)		(4,397)		—		(151,669)
Origination of finance receivables	—		(7,960,123)		3,401,289		(4,558,834)
Collections on finance receivables	—		7,137,669		(3,202,668)		3,935,001
Other investing activities	2,491		—		—		2,491
Net cash used by investing activities	(144,781)		(826,851)		198,621		(773,011)

	Year Ended December 31, 2022
	Non-Financial Services Entities		Financial Services Entities		Consolidating Adjustments		Consolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes	—		495,785		—		495,785
Repayments of medium-term notes	—		(950,000)		—		(950,000)
Proceeds from securitization debt	—		1,826,891		—		1,826,891
Repayments of securitization debt	—		(1,442,860)		—		(1,442,860)
Borrowings of asset-backed commercial paper	—		448,255		—		448,255
Repayments of asset-backed commercial paper	—		(302,922)		—		(302,922)
Net increase in unsecured commercial paper	—		16,003		—		16,003
Net increase in deposits	—		26,605		—		26,605
Dividends paid	(93,180)		(200,000)		200,000		(93,180)
Repurchase of common stock	(338,627)		—		—		(338,627)
Cash received from business combination	114,068		—		—		114,068
Other financing activities	(1,985)		—		—		(1,985)
Net cash (used) provided by financing activities	(319,724)		(82,243)		200,000		(201,967)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(17,636)		(1,889)		—		(19,525)
Net decrease in cash, cash equivalents and restricted cash	$	(56,407)	$	(389,635)	$	—	$	(446,042)
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period	$	1,078,205	$	947,014	$	—	$	2,025,219
Net decrease in cash, cash equivalents and restricted cash	(56,407)		(389,635)		—		(446,042)
Cash, cash equivalents and restricted cash, end of period	$	1,021,798	$	557,379	$	—	$	1,579,177