Harley Davidson 2013 Annual Report Download - page 23

Download and view the complete annual report

Please find page 23 of the 2013 Harley Davidson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 117

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117

23
Item 6. Selected Financial Data
(In thousands, except per share amounts) 2013 2012 2011 2010(1) 2009(2)
Statement of operations data:
Revenue:
Motorcycles & Related Products $ 5,258,290 $ 4,942,582 $ 4,662,264 $ 4,176,627 $ 4,287,130
Financial Services 641,582 637,924 649,449 682,709 494,779
Total revenue $ 5,899,872 $ 5,580,506 $ 5,311,713 $ 4,859,336 $ 4,781,909
Income from continuing
operations $ 733,993 $ 623,925 $ 548,078 $ 259,669 $ 70,641
Income (loss) from discontinued
operations, net of tax — — 51,036 (113,124)(125,757)
Net income (loss) $ 733,993 $ 623,925 $ 599,114 $ 146,545 $ (55,116)
Weighted-average common shares:
Basic 222,475 227,119 232,889 233,312 232,577
Diluted 224,071 229,229 234,918 234,787 233,573
Earnings per common share from
continuing operations:
Basic $ 3.30 $ 2.75 $ 2.35 $ 1.11 $ 0.30
Diluted $ 3.28 $ 2.72 $ 2.33 $ 1.11 $ 0.30
Earnings (loss) per common share
from discontinued operations:
Basic $ — $ — $ 0.22 $ (0.48) $ (0.54)
Diluted $ — $ — $ 0.22 $ (0.48) $ (0.54)
Earnings (loss) per common share:
Basic $ 3.30 $ 2.75 $ 2.57 $ 0.63 $ (0.24)
Diluted $ 3.28 $ 2.72 $ 2.55 $ 0.62 $ (0.24)
Dividends paid per common share $ 0.840 $ 0.620 $ 0.475 $ 0.400 $ 0.400
Balance sheet data:
Total assets $ 9,405,040 $ 9,170,773 $ 9,674,164 $ 9,430,740 $ 9,155,518
Total debt $ 5,259,170 $ 5,102,649 $ 5,722,619 $ 5,752,356 $ 5,636,129
Total equity $ 3,009,486 $ 2,557,624 $ 2,420,256 $ 2,206,866 $ 2,108,118
(1) The Company began consolidating formerly off-balance sheet qualifying special purpose entities as required by the new
guidance within Accounting Standards Codification (ASC) Topic 810, “Consolidations” and ASC Topic 860, “Transfers
and Servicing” in 2010.
(2) 2009 total assets include assets of discontinued operations of $181.2 million.