Harley-Davidson market cap is $3.7 b, and annual revenue was $5.36 b in FY 2019

Harley-Davidson Gross profit (Q1, 2020)517.4 M

Harley-Davidson Gross profit margin (Q1, 2020), %39.9%

Harley-Davidson Net income (Q1, 2020)69.7 M

Harley-Davidson EBIT (Q1, 2020)107.5 M

Harley-Davidson Cash, 29-Mar-20201.5 B

Harley-Davidson EV10.4 B

Harley-Davidson revenue was $5.36 b in FY, 2019

Harley-Davidson revenue breakdown by business segment: 13.1% from Financial Services and 86.9% from Motorcycles

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 6.0b | 5.6b | 5.7b | 5.4b |

| (6%) | 1% | ||

## Cost of goods sold | 3.4b | 3.3b | 3.4b | 3.2b |

## Gross profit | 2.6b | 2.4b | 2.4b | 2.1b |

| 43% | 42% | 41% | 40% |

## General and administrative expense | 1.2b | 1.2b | 1.3b | 1.2b |

## Operating expense total | 1.5b | 1.5b | 1.7b | 1.6b |

## EBIT | 1.0b | 891.3m | 713.5m | 555.6m |

| 17% | 16% | 12% | 10% |

## Interest expense | 29.7m | 31.0m | 30.9m | 31.1m |

## Investment income | 4.6m | 3.6m | 951.0k | 16.4m |

## Pre tax profit | 1.0b | 863.8m | 686.6m | 557.4m |

## Income tax expense | 331.7m | 342.1m | 155.2m | 133.8m |

## Net Income | 692.2m | 521.8m | 531.5m | 423.6m |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 1.5b | 1.8b | 1.2b | 1.5b | 1.7b | 1.3b | 1.4b | 1.6b | 1.3b | 1.3b |

## Cost of goods sold | 851.2m | 1.0b | 685.2m | 890.2m | 993.0m | 776.5m | 848.2m | 979.3m | 748.9m | 780.9m |

## Gross profit | 650.7m | 763.7m | 466.0m | 651.9m | 720.2m | 539.1m | 536.2m | 653.4m | 523.6m | 517.4m |

| 43% | 43% | 40% | 42% | 42% | 41% | 39% | 40% | 41% | 40% |

## General and administrative expense | 272.4m | 291.5m | 293.9m | 290.2m | 313.0m | 306.7m | 268.6m | 307.6m | 309.0m | 278.0m |

## Operating expense total | 359.2m | 362.1m | 369.3m | 415.5m | 396.2m | 389.7m | 369.1m | 397.1m | 403.8m | 409.9m |

## EBIT | 291.5m | 401.6m | 96.7m | 236.4m | 323.9m | 149.4m | 167.1m | 256.3m | 119.8m | 107.5m |

| 19% | 23% | 8% | 15% | 19% | 11% | 12% | 16% | 9% | 8% |

## Interest expense | 7.7m | 7.7m | 7.9m | 7.7m | 7.7m | 7.8m | 7.7m | 7.8m | 2.0m | 7.8m |

## Investment income | 879.0k | 577.0k | 1.1m | 1.2m | 2.5m | (1.1m) | 6.4m | 3.6m | 2.0m | (5.3m) |

## Pre tax profit | 284.7m | 394.4m | 89.9m | 230.2m | 319.4m | 141.2m | 170.4m | 256.1m | 117.3m | 94.6m |

## Income tax expense | 98.3m | 135.6m | 21.7m | 55.4m | 77.1m | 27.3m | 42.5m | 60.5m | 30.7m | 24.9m |

## Net Income | 186.4m | 258.9m | 68.2m | 174.8m | 242.3m | 113.9m | 127.9m | 195.6m | 86.6m | 69.7m |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 760.0m | 687.5m | 1.2b | 833.9m |

## Accounts Receivable | 285.1m | 330.0m | 306.5m | 259.3m |

## Prepaid Expenses | 169.0m | |||

## Inventories | 499.9m | 538.2m | 556.1m | 603.6m |

## Current Assets | 3.9b | 3.9b | 4.5b | 4.2b |

## PP&E | 981.6m | 967.8m | 904.1m | 847.4m |

## Goodwill | 53.4m | 55.9m | 55.0m | 64.2m |

## Total Assets | 9.9b | 10.0b | 10.7b | 10.5b |

## Accounts Payable | 235.3m | 227.6m | 284.9m | 294.4m |

## Short-term debt | 2.1b | 2.4b | 2.7b | 2.3b |

## Current Liabilities | 2.9b | 3.2b | 3.6b | 3.2b |

## Long-term debt | 4.7b | 4.6b | 4.9b | 5.2b |

## Total Debt | 6.8b | 7.0b | 7.6b | 7.5b |

## Common Stock | 1.8m | 1.8m | 1.8m | 1.8m |

## Preferred Stock | ||||

## Additional Paid-in Capital | 1.4b | 1.4b | 1.5b | 1.5b |

## Retained Earnings | 1.3b | 1.6b | 2.0b | 2.2b |

## Total Equity | 1.9b | 1.8b | 1.8b | 1.8b |

## Debt to Equity Ratio | 3.5 x | 3.8 x | 4.3 x | |

## Debt to Assets Ratio | 0.7 x | 0.7 x | 0.7 x | |

## Financial Leverage | 5.2 x | 5.4 x | 6 x | 5.8 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Accounts Receivable | 44.9m | |||

## Inventories | (47.6m) | |||

## Cash From Operating Activities | 1.2b | 1.0b | 1.2b | 868.3m |

## Purchases of PP&E | (256.3m) | (206.3m) | (213.5m) | (181.4m) |

## Cash From Investing Activities | (392.7m) | (562.5m) | (662.3m) | (508.1m) |

## Long-term Borrowings | (1.1b) | (1.2b) | (1.1b) | |

## Dividends Paid | (252.3m) | (251.9m) | (245.8m) | (237.2m) |

## Cash From Financing Activities | (734.4m) | (541.8m) | (14.8m) | (712.2m) |

## Net Change in Cash | 37.8m | (72.5m) | 513.5m | (354.4m) |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Accounts Receivable | (47.3m) | |||||||||

## Inventories | (23.9m) | |||||||||

## Cash From Operating Activities | 159.9m | 627.1m | 949.1m | 191.6m | 735.9m | 1.1b | 32.7m | 496.2m | 848.6m | (8.6m) |

## Purchases of PP&E | (24.0m) | (69.8m) | (114.0m) | (28.4m) | (69.3m) | (119.8m) | (35.3m) | (83.2m) | (121.2m) | (32.9m) |

## Cash From Investing Activities | (87.5m) | (392.8m) | (554.0m) | (21.7m) | (368.0m) | (616.1m) | (77.2m) | (364.6m) | (551.5m) | 28.3m |

## Long-term Borrowings | (511.4m) | (675.7m) | (767.3m) | (68.0m) | (1.1b) | (1.1b) | (826.5m) | (863.8m) | (1.6b) | (130.9m) |

## Dividends Paid | (64.6m) | (128.5m) | (190.1m) | (62.7m) | (124.7m) | (186.1m) | (60.9m) | (120.8m) | (179.4m) | (58.8m) |

## Cash From Financing Activities | 11.0k | (18.2m) | (500.7m) | (98.9m) | (74.3m) | (270.1m) | (415.7m) | (380.9m) | (603.7m) | 655.5m |

## Net Change in Cash | 79.7m | 228.5m | (76.8m) | 73.0m | 283.5m | 223.8m | (460.6m) | (245.8m) | (310.6m) | 669.5m |

USD | Y, 2020 |
---|---|

## EV/EBIT | 97.2 x |

## EV/CFO | -1.2 k x |

## Financial Leverage | 6.6 x |