Harley Davidson 2013 Annual Report Download - page 70

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70
United States Canada Total
2014 $ 1,713,839 $ 82,762 $ 1,796,601
2015 990,463 40,957 1,031,420
2016 1,116,609 45,882 1,162,491
2017 1,127,536 51,399 1,178,935
2018 838,574 37,520 876,094
Thereafter 64,715 — 64,715
Total $ 5,851,736 $ 258,520 $ 6,110,256
As of December 31, 2013, all finance receivables due after one year were at fixed interest rates.
The allowance for credit losses on finance receivables is comprised of individual components relating to wholesale and
retail finance receivables. Changes in the allowance for credit losses on finance receivables by portfolio for the year ended
December 31 were as follows (in thousands):
2013
Retail Wholesale Total
Balance, beginning of period $ 101,442 $ 6,225 $ 107,667
Provision for credit losses 61,603 (1,595) 60,008
Charge-offs (97,928) — (97,928)
Recoveries 40,946 — 40,946
Balance, end of period $ 106,063 $ 4,630 $ 110,693
2012
Retail Wholesale Total
Balance, beginning of period $ 116,112 $ 9,337 $ 125,449
Provision for credit losses 25,252 (3,013) 22,239
Charge-offs (86,963)(99)(87,062)
Recoveries 47,041 — 47,041
Balance, end of period $ 101,442 $ 6,225 $ 107,667
2011
Retail Wholesale Total
Balance, beginning of period $ 157,791 $ 15,798 $ 173,589
Provision for credit losses 23,054 (6,023) 17,031
Charge-offs (118,993)(503)(119,496)
Recoveries 54,260 65 54,325
Balance, end of period $ 116,112 $ 9,337 $ 125,449