Harley Davidson 2015 Annual Report Download - page 104

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104
Year Ended December 31, 2014
Motorcycles
& Related
Products
Operations
Financial
Services
Operations
Eliminations
&
Adjustments Consolidated
Cash flows from financing activities:
Proceeds from issuance medium-term notes — 991,835 — 991,835
Repayments of medium-term notes — (526,431) — (526,431)
Repayments of senior unsecured note (303,000) — — (303,000)
Intercompany borrowing activity 200,000 (200,000) — —
Proceeds from securitization debt — 847,126 — 847,126
Repayments of securitization debt — (834,856) — (834,856)
Borrowings of asset-backed commercial paper — 84,907 — 84,907
Net increase in credit facilities and unsecured commercial
paper — 63,945 — 63,945
Repayments of asset-backed commercial paper — (77,800) — (77,800)
Net change in restricted cash — 22,755 — 22,755
Dividends paid (238,300)(120,000) 120,000 (238,300)
Purchase of common stock for treasury, net of issuances (615,602) — — (615,602)
Excess tax benefits from share based payments 11,540 — — 11,540
Issuance of common stock under employee stock option plans 37,785 — — 37,785
Net cash (used by) provided by financing activities (907,577) 251,481 120,000 (536,096)
Effect of exchange rate changes on cash and cash equivalents (23,079)(2,784) — (25,863)
Net decrease in cash and cash equivalents $ (145,017) $ (14,915) $ — $ (159,932)
Cash and cash equivalents:
Cash and cash equivalents – beginning of period $ 718,912 $ 347,700 $ — $ 1,066,612
Net decrease in cash and cash equivalents (145,017)(14,915) — (159,932)
Cash and cash equivalents – end of period $ 573,895 $ 332,785 $ — $ 906,680