Harley Davidson 2014 Annual Report Download - page 106

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SUPPLEMENTARY DATA
Quarterly financial data (unaudited)
(In millions, except per share data)
€
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Mar 30,
2014
Mar 31,
2013
June 29,
2014
June 30,
2013
Sep 28,
2014
Sep 29,
2013
Dec 31,
2014
Dec 31,
2013
Motorcycles:
Revenue $
1,571.7 $
1,414.2 $
1,834.3 $
1,631.5 $
1,130.6 $
1,180.3 $
1,031.2 $
1,032.3
Operating income(a) $347.7 $276.8 $473.3 $357.7 $146.3 $175.5 $35.9 $60.7
Financial Services:
Revenue $154.4 $157.0 $166.4 $162.8 $171.0 $163.4 $169.0 $158.3
Operating income $63.2 $71.5 $74.4 $74.2 $77.8 $76.1 $62.4 $61.3
Consolidated:
Income before taxes $408.9 $338.5 $549.1 $422.4 $225.5 $241.3 $99.9 $112.1
Net income $265.9 $224.1 $354.2 $271.7 $150.1 $162.7 $74.5 $75.4
Earnings per common share:
Basic $1.21 $1.00 $1.63 $1.22 $0.70 $0.73 $0.35 $0.34
Diluted $1.21 $0.99 $1.62 $1.21 $0.69 $0.73 $0.35 $0.34
€
(a) Operating income for the Motorcycles segment includes restructuring expense (benefit) as discussed in Note 3 for the
following periods (in millions):
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Mar 30,
2014
Mar 31,
2013
June 29,
2014
June 30,
2013
Sep 28,
2014
Sep 29,
2013
Dec 31,
2014
Dec 31,
2013
Restructuring expense (benefit) $—$2.9 $—$(5.3) $ —$0.6 $—$(0.4)
106
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.€
Item 9A. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
In accordance with Rule 13a-15(b) of the Securities Exchange Act of 1934 (the Exchange Act), as of the end of the period
covered by this Annual Report on Form 10-K, the Company’s management evaluated, with the participation of the Company’s
Chairman, President and Chief Executive Officer and the Senior Vice President and Chief Financial Officer, the effectiveness
of the design and operation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) under the
Exchange Act).€Based upon their evaluation of these disclosure controls and procedures, the Chairman, President and Chief
Executive Officer and the Senior Vice President and Chief Financial Officer have concluded that the disclosure controls and
procedures were effective as of the end of the period covered by this Annual Report on Form 10-K to ensure that information
required to be disclosed by the Company in the reports it files or submits under the Exchange Act is recorded, processed,
summarized and reported, within the time period specified in the Securities and Exchange Commission rules and forms, and to
ensure that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is
accumulated and communicated to the Company’s management, including its Chairman, President and Chief Executive Officer
and its Senior Vice President and Chief Financial Officer, as appropriate, to allow timely decisions regarding disclosure.
Management’s Report on Internal Control over Financial Reporting
The report of management required under this Item€9A is contained in Item€8 of Part II of this Annual Report on Form
10-K under the heading “Management’s Report on Internal Control over Financial Reporting.”