Harley Davidson 2015 Annual Report Download - page 63
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63
Balance Sheet Information:
Inventories, net (in thousands):
2015 2014
Components at the lower of FIFO cost or market
Raw materials and work in process $ 161,704 $ 151,254
Motorcycle finished goods 327,952 230,309
Parts and accessories and general merchandise 145,519 117,210
Inventory at lower of FIFO cost or market 635,175 498,773
Excess of FIFO over LIFO cost (49,268)(49,902)
Total inventories, net $ 585,907 $ 448,871
Inventory obsolescence reserves deducted from FIFO cost were $26.7 million and $17.8 million as of December 31, 2015
and 2014, respectively.
Property, plant and equipment, at cost (in thousands):
2015 2014
Land and related improvements $ 56,554 $ 55,238
Buildings and related improvements 453,433 475,268
Machinery and equipment 1,859,443 1,823,790
Software 524,076 440,703
Construction in progress 280,147 200,708
3,173,653 2,995,707
Accumulated depreciation (2,231,235)(2,112,630)
Total property, plant and equipment, net $ 942,418 $ 883,077
Accrued liabilities (in thousands):
2015 2014
Payroll, employee benefits and related expenses $ 160,971 $ 165,448
Warranty and recalls 54,894 48,529
Sales incentive programs 37,568 44,423
Tax-related accruals 18,535 28,333
Accrued interest 33,925 19,072
Other 166,071 143,512
Total accrued liabilities $ 471,964 $ 449,317