Harley Davidson 2015 Annual Report Download - page 107

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107
SUPPLEMENTARY DATA
Quarterly financial data (unaudited)
(In millions, except per share data)
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Mar 29,
2015 Mar 30,
2014 June 28,
2015 June 29,
2014 Sep 27,
2015 Sep 28,
2014 Dec 31,
2015 Dec 31,
2014
Motorcycles:
Revenue $1,510.6 $1,571.7 $1,650.8 $1,834.3 $1,140.3 $1,130.6 $1,007.1 $1,031.2
Operating income $ 345.5 $ 347.7 $ 380.6 $ 473.3 $ 143.1 $ 146.3 $ 6.4 $ 35.9
Financial Services:
Revenue $ 162.4 $ 154.4 $ 173.6 $ 166.4 $ 177.1 $ 171.0 $ 173.6 $ 169.0
Operating income $ 64.7 $ 63.2 $ 81.9 $ 74.4 $ 72.8 $ 77.8 $ 60.9 $ 62.4
Consolidated:
Income before taxes $ 411.4 $ 408.9 $ 464.0 $ 549.1 $ 214.2 $ 225.5 $ 60.6 $ 99.9
Net income $ 269.9 $ 265.9 $ 299.8 $ 354.2 $ 140.3 $ 150.1 $ 42.2 $ 74.5
Earnings per common share:
Basic $ 1.28 $ 1.21 $ 1.44 $ 1.63 $ 0.69 $ 0.70 $ 0.22 $ 0.35
Diluted $ 1.27 $ 1.21 $ 1.44 $ 1.62 $ 0.69 $ 0.69 $ 0.22 $ 0.35
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
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 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 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.”
Attestation Report of Independent Registered Public Accounting Firm
The attestation report required under this Item 9A is contained in Item 8 of Part II of this Annual Report on Form 10-K
under the heading “Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting.”
Changes in Internal Controls
There were no changes in the Company’s internal control over financial reporting that occurred during the quarter ended
December 31, 2015 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control
over financial reporting.