Harley Davidson 2015 Annual Report Download - page 52

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52
HARLEY-DAVIDSON, INC.
CONSOLIDATED STATEMENTS OF INCOME
Years ended December 31, 2015, 2014 and 2013
(In thousands, except per share amounts)
2015 2014 2013
Revenue:
Motorcycles and Related Products $ 5,308,744 $ 5,567,681 $ 5,258,290
Financial Services 686,658 660,827 641,582
Total revenue 5,995,402 6,228,508 5,899,872
Costs and expenses:
Motorcycles and Related Products cost of goods sold 3,356,284 3,542,601 3,395,918
Financial Services interest expense 161,983 164,476 165,491
Financial Services provision for credit losses 101,345 80,946 60,008
Selling, administrative and engineering expense 1,220,095 1,159,502 1,124,753
Total costs and expenses 4,839,707 4,947,525 4,746,170
Operating income 1,155,695 1,280,983 1,153,702
Investment income 6,585 6,499 5,859
Interest expense 12,117 4,162 45,256
Income before provision for income taxes 1,150,163 1,283,320 1,114,305
Provision for income taxes 397,956 438,709 380,312
Net income $ 752,207 $ 844,611 $ 733,993
Earnings per common share:
Basic $ 3.71 $ 3.90 $ 3.30
Diluted $ 3.69 $ 3.88 $ 3.28
Cash dividends per common share $ 1.24 $ 1.10 $ 0.84
The accompanying notes are an integral part of the consolidated financial statements.