XML 87 R140.htm IDEA: XBRL DOCUMENT v2.4.0.6
Supplemental Consolidating Data (Cash Flows) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Segment Reporting Information [Line Items]        
Net income (loss)   $ 599,114 $ 146,545 $ (55,116)
Income (loss) from discontinued operations, net of tax   51,036 (113,124) (125,757)
Income (loss) from continuing operations   548,078 259,669 70,641
Depreciation   180,408 255,171 246,344
Amortization of deferred loan origination costs   78,695 87,223 66,779
Amortization of financing origination fees   10,790 19,618 27,145
Provision for employee long-term benefits   59,441 79,630 80,387
Contributions to pension and postretirement plans   (219,695) (39,391) (233,224)
Stock compensation expense   38,192 30,431 17,576
Net change in wholesale finance receivables   (2,335) 81,527 332,167
Origination of retail finance receivables held for sale       (1,180,467)
Collections on retail finance receivables held for sale       919,201
Impairment of retained securitization interests       45,370
Lower of cost or fair market value adjustment on finance receivables held for sale       5,895
Goodwill and other impairments       46,411
Provision for credit losses   17,031 93,118 169,206
Loss on debt extinguishment (85,200) 9,608 85,247  
Pension and postretirement healthcare plan curtailment and settlement expense   236 31,824 37,814
Deferred income taxes   87,873 (17,591) 6,931
Foreign currency adjustments   10,678 (21,480) (22,234)
Other, net   (15,807) 11,910 9,665
Accounts receivable   43,050 2,905 8,809
Finance receivables - accrued interest and other   5,027 10,083 (3,360)
Inventories   (94,957) 2,516 85,472
Accounts payable and accrued liabilities   120,291 215,013 (201,195)
Restructuring reserves   8,072 (32,477) 65,988
Derivative instruments   (2,488) 5,339 4,711
Other   3,103 3,133 2,978
Total adjustments   337,213 903,749 538,369
Net cash provided by operating activities of continuing operations   885,291 1,163,418 609,010
Capital expenditures   (189,035) (170,845) (116,748)
Origination of finance receivables   (2,622,024) (2,252,532) (1,378,226)
Collections on finance receivables held for investment   2,760,049 2,668,962 607,168
Collection of retained securitization interests       61,170
Purchases of marketable securities   (142,653) (184,365) (39,685)
Sales and redemptions of marketable securities   130,121 84,217  
Other, net       2,834
Net cash (used by) provided by investing activities of continuing operations   (63,542) 145,437 (863,487)
Proceeds from issuance of medium term notes   447,076   496,514
Repayment of medium term notes   (59,211) (200,000)  
Repayment of senior unsecured notes     (380,757)  
Proceeds from issuance of senior unsecured notes       595,026
Proceeds from securitization debt   1,082,599 598,187 2,413,192
Repayments of securitization debt   (1,754,568) (1,896,665) (263,083)
Net increase/(decrease) in credit facilities and unsecured commercial paper   237,827 30,575 (1,083,331)
Net repayments in asset-backed commercial paper   (483) (845) (513,168)
Net change in restricted cash   59,232 77,654 (167,667)
Dividends   (111,011) (94,145) (93,807)
Purchase of common stock for treasury, net of issuances   (224,548) (1,706) (1,920)
Excess tax benefits from share based payments   6,303 3,767 170
Issuance of common stock under employee stock option plans   7,840 7,845 11
Net cash (used by) provided by financing activities of continuing operations   (308,944) (1,856,090) 1,381,937
Effect of exchange rate changes on cash and cash equivalents of continuing operations   (7,788) 4,940 6,789
Net decrease in cash and cash equivalents of continuing operations   505,017 (542,295) 1,134,249
Cash flows from operating activities of discontinued operations     (71,073) (71,298)
Cash flows from investing activities of discontinued operations       (18,805)
Effect of exchange rate changes on cash and cash equivalents of discontinued operations     (1,195) (1,208)
Net Cash Provided by (Used in) Discontinued Operations     (72,268) (91,311)
Net increase (decrease) in cash and cash equivalents   505,017 (614,563) 1,042,938
Cash and cash equivalents - beginning of period   1,021,933 1,630,433 568,894
Cash and cash equivalents of discontinued operations - beginning of period     6,063 24,664
Less: Cash and cash equivalents of discontinued operations - end of period       (6,063)
Cash and cash equivalents - end of period 1,021,933 1,526,950 1,021,933 1,630,433
Motorcycles & Related Products Operations [Member]
       
Segment Reporting Information [Line Items]        
Net income (loss)   558,807 32,226 29,399
Income (loss) from discontinued operations, net of tax   51,036 (113,124) (125,757)
Income (loss) from continuing operations   507,771 145,350 155,156
Depreciation   173,959 248,246 238,276
Amortization of financing origination fees   473 878 872
Provision for employee long-term benefits   55,942 78,812 80,387
Contributions to pension and postretirement plans   (219,695) (39,391) (233,224)
Stock compensation expense   35,404 28,105 16,326
Goodwill and other impairments       18,024
Loss on debt extinguishment     85,247  
Pension and postretirement healthcare plan curtailment and settlement expense   236 31,824 37,814
Deferred income taxes   71,555 (16,774) 26,914
Foreign currency adjustments   10,678 (21,480) (22,234)
Other, net   (16,650) 13,178 8,827
Accounts receivable   60,403 (101,462) 226,334
Inventories   (94,957) 2,516 85,472
Accounts payable and accrued liabilities   81,670 196,155 (175,936)
Restructuring reserves   8,072 (32,258) 65,346
Derivative instruments   (2,519) (813) 10,591
Other   1,154 3,888 1,133
Total adjustments   165,725 476,671 384,922
Net cash provided by operating activities of continuing operations   673,496 622,021 540,078
Capital expenditures   (179,988) (167,730) (111,316)
Purchases of marketable securities   (142,653) (184,365) (39,685)
Sales and redemptions of marketable securities   130,121 84,217  
Other, net       2,834
Net cash (used by) provided by investing activities of continuing operations   (192,520) (267,878) (148,167)
Repayment of senior unsecured notes     (380,757)  
Proceeds from issuance of senior unsecured notes       595,026
Net increase/(decrease) in credit facilities and unsecured commercial paper     (178,292) 20,476
Dividends   (111,011) (94,145) (93,807)
Purchase of common stock for treasury, net of issuances   (224,548) (1,706) (1,920)
Excess tax benefits from share based payments   6,303 3,767 170
Issuance of common stock under employee stock option plans   7,840 7,845 11
Net cash (used by) provided by financing activities of continuing operations   (321,416) (643,288) 519,956
Effect of exchange rate changes on cash and cash equivalents of continuing operations   (8,021) 5,279 7,193
Net decrease in cash and cash equivalents of continuing operations   151,539 (283,866) 919,060
Cash flows from operating activities of discontinued operations     (71,073) (71,298)
Cash flows from investing activities of discontinued operations       (18,805)
Effect of exchange rate changes on cash and cash equivalents of discontinued operations     (1,195) (1,208)
Net Cash Provided by (Used in) Discontinued Operations     (72,268) (91,311)
Net increase (decrease) in cash and cash equivalents   151,539 (356,134) 827,749
Cash and cash equivalents - beginning of period   791,791 1,141,862 295,512
Cash and cash equivalents of discontinued operations - beginning of period     6,063 24,664
Less: Cash and cash equivalents of discontinued operations - end of period       (6,063)
Cash and cash equivalents - end of period 791,791 943,330 791,791 1,141,862
Financial Services Operations [Member]
       
Segment Reporting Information [Line Items]        
Net income (loss)   165,307 114,319 (84,515)
Income (loss) from continuing operations   165,307 114,319 (84,515)
Depreciation   6,449 6,925 8,068
Amortization of deferred loan origination costs   78,695 87,223 66,779
Amortization of financing origination fees   10,317 18,740 26,273
Provision for employee long-term benefits   3,499 818  
Stock compensation expense   2,788 2,326 1,250
Origination of retail finance receivables held for sale       (1,180,467)
Collections on retail finance receivables held for sale       919,201
Impairment of retained securitization interests       45,370
Lower of cost or fair market value adjustment on finance receivables held for sale       5,895
Goodwill and other impairments       28,387
Provision for credit losses   17,031 93,118 169,206
Loss on debt extinguishment   9,608    
Deferred income taxes   16,318 (817) (19,983)
Other, net   843 (1,268) 838
Finance receivables - accrued interest and other   5,027 10,083 (3,360)
Accounts payable and accrued liabilities   (25,989) 170,832 (242,784)
Restructuring reserves     (219) 642
Derivative instruments   31 6,152 (5,880)
Other   49,524 (48,330) 1,845
Total adjustments   174,141 345,583 (178,720)
Net cash provided by operating activities of continuing operations   339,448 459,902 (263,235)
Capital expenditures   (9,047) (3,115) (5,432)
Origination of finance receivables   (6,056,242) (5,319,738) (4,569,104)
Collections on finance receivables held for investment   6,191,932 5,817,695 4,130,213
Collection of retained securitization interests       61,170
Net cash (used by) provided by investing activities of continuing operations   126,643 494,842 (383,153)
Proceeds from issuance of medium term notes   447,076   496,514
Repayment of medium term notes   (59,211) (200,000)  
Proceeds from securitization debt   1,082,599 598,187 2,413,192
Repayments of securitization debt   (1,754,568) (1,896,665) (263,083)
Net increase/(decrease) in credit facilities and unsecured commercial paper   237,827 208,867 (1,103,807)
Net repayments in asset-backed commercial paper   (483) (845) (513,168)
Net change in restricted cash   59,232 77,654 (167,667)
Dividends   (125,000)    
Net cash (used by) provided by financing activities of continuing operations   (112,528) (1,212,802) 861,981
Effect of exchange rate changes on cash and cash equivalents of continuing operations   (85) (371) (404)
Net decrease in cash and cash equivalents of continuing operations   353,478 (258,429) 215,189
Net increase (decrease) in cash and cash equivalents   353,478 (258,429) 215,189
Cash and cash equivalents - beginning of period   230,142 488,571 273,382
Cash and cash equivalents - end of period 230,142 583,620 230,142 488,571
Eliminations & Adjustments [Member]
       
Segment Reporting Information [Line Items]        
Net income (loss)   (125,000)    
Income (loss) from continuing operations   (125,000)    
Net change in wholesale finance receivables   (2,335) 81,527 332,167
Accounts receivable   (17,353) 104,367 (217,525)
Accounts payable and accrued liabilities   64,610 (151,974) 217,525
Other   (47,575) 47,575  
Total adjustments   (2,653) 81,495 332,167
Net cash provided by operating activities of continuing operations   (127,653) 81,495 332,167
Origination of finance receivables   3,434,218 3,067,206 3,190,878
Collections on finance receivables held for investment   (3,431,883) (3,148,733) (3,523,045)
Net cash (used by) provided by investing activities of continuing operations   2,335 (81,527) (332,167)
Dividends   125,000    
Net cash (used by) provided by financing activities of continuing operations   125,000    
Effect of exchange rate changes on cash and cash equivalents of continuing operations   $ 318 $ 32