Reportable Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Information by Industry Segment

Selected segment information is set forth below for the years ended December 31 (in thousands):


	2023		2022		2021
HDMC:
Revenue	$	4,844,594	$	4,887,672	$	4,504,434
Gross profit	1,566,542		1,527,873		1,299,527
Selling, administrative and engineering expense	905,391		850,786		822,720
Operating income	661,151		677,087		476,807
LiveWire:
Revenue	38,298		46,833		35,806
Gross profit	(5,956)		2,904		(2,574)
Selling, administrative and engineering expense	110,853		88,219		65,608
Operating loss	(116,809)		(85,315)		(68,182)
HDFS:
Financial services revenue	953,586		820,625		796,068
Financial services expense	718,844		503,119		381,254
Operating income	234,742		317,506		414,814
Operating income	$	779,084	$	909,278	$	823,439

Additional segment information is set forth below as of December 31 (in thousands):


	HDMC		LiveWire		HDFS		Consolidated
2023:
Assets	$	3,644,016	$	266,404	$	8,230,134	$	12,140,554
Depreciation and amortization	$	143,355	$	5,832	$	8,925	$	158,112
Capital expenditures	$	188,863	$	13,462	$	5,079	$	207,404
2022:
Assets	$	3,254,309	$	351,422	$	7,886,745	$	11,492,476
Depreciation and amortization	$	138,875	$	4,401	$	8,666	$	151,942
Capital expenditures	$	133,191	$	14,081	$	4,397	$	151,669
2021:
Assets	$	3,246,340	$	61,952	$	7,742,763	$	11,051,055
Depreciation and amortization	$	151,251	$	4,718	$	9,216	$	165,185
Capital expenditures	$	106,044	$	9,951	$	4,186	$	120,181

Schedule of Segment Information by Geographical Locations

Included in the Consolidated financial statements are the following amounts relating to geographic locations for the years ended December 31 (in thousands):


	2023		2022		2021
HDMC revenue(a):
United States	$	3,289,227	$	3,253,875	$	2,996,471
EMEA	637,492		693,073		703,048
Canada	220,158		216,389		182,230
Japan	200,539		175,292		150,138
Australia and New Zealand	127,352		147,551		134,301
Other countries	369,826		401,492		338,246
	$	4,844,594	$	4,887,672	$	4,504,434
LiveWire revenue(a):
United States	31,483		36,256		24,633
International	6,815		10,577		11,173
	$	38,298	$	46,833	$	35,806
HDFS revenue(a):
United States	$	922,758	$	794,912	$	765,917
Canada	18,220		16,276		18,613
Europe	7,343		6,071		7,464
Other countries	5,265		3,366		4,074
	$	953,586	$	820,625	$	796,068
Long-lived assets(b):
United States	$	644,620	$	611,421	$	595,375
Thailand	82,197		72,474		81,927
Other countries	4,907		5,991		6,682
	87,104		78,465		88,609
	$	731,724	$	689,886	$	683,984

(a)Revenue is attributed to geographic regions based on location of customer.

(b)Long-lived assets include all long-term assets except those specifically excluded under ASC Topic 280, Segment Reporting, such as deferred income taxes and finance receivables.