Harley-Davidson, Inc. (HOG)
NYSE: HOG · Real-Time Price · USD
31.22
+0.89 (2.93%)
At close: Oct 30, 2026, 4:00 PM EDT
31.15
-0.07 (-0.22%)
After-hours: Oct 30, 2026, 7:56 PM EDT
Harley-Davidson Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -131.96 | 338.74 | 455.36 | 706.59 | 741.41 | 650.02 |
Depreciation & Amortization | 172.37 | 172.37 | 160.67 | 158.11 | 151.94 | 165.19 |
Other Amortization | 58.72 | 58.72 | 84.71 | 98.23 | 110.02 | 99.93 |
Stock-Based Compensation | 31.75 | 31.75 | 49.01 | 82.9 | 54.35 | 42.16 |
Provision & Write-off of Bad Debts | -191.39 | -191.39 | 247.23 | 227.16 | 145.13 | 25.05 |
Other Operating Activities | 168.99 | -160.74 | -78.47 | -154.67 | -67.37 | -26.47 |
Change in Accounts Receivable | 32.65 | 32.65 | 19.78 | -11.44 | -82.39 | -53.46 |
Change in Inventory | 47.58 | 47.58 | 164.61 | 21.26 | -254.17 | -207.55 |
Change in Accounts Payable | 125.56 | 125.56 | -55.44 | 28.57 | 4.5 | 173.55 |
Change in Other Net Operating Assets | 49.24 | 49.24 | -30.5 | -14.07 | -56.35 | 18.3 |
Operating Cash Flow | 427.95 | 568.92 | 1,064 | 754.89 | 548.46 | 975.7 |
Operating Cash Flow Growth | -22.20% | -46.52% | 40.93% | 37.64% | -43.79% | -17.16% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -116.01 | -153.68 | -196.56 | -207.4 | -151.67 | -120.18 |
Other Investing Activities | 98.32 | 150.22 | 12.17 | -2.18 | 2.49 | 2.14 |
Investing Cash Flow | 3,156 | 3,779 | -383.33 | -512.3 | -773.01 | -459.45 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | 107.15 | 16 | - |
Long-Term Debt Issued | - | 1,748 | 2,111 | 2,534 | 2,771 | 1,269 |
Total Debt Issued | 215.31 | 1,748 | 2,111 | 2,641 | 2,787 | 1,269 |
Short-Term Debt Repaid | - | -141.6 | -237.34 | - | - | -260.25 |
Long-Term Debt Repaid | - | -4,168 | -1,997 | -2,488 | -2,696 | -3,002 |
Total Debt Repaid | -3,079 | -4,310 | -2,234 | -2,488 | -2,696 | -3,262 |
Net Debt Issued (Repaid) | -2,864 | -2,562 | -123.39 | 153.85 | 91.15 | -1,993 |
Issuance of Common Stock | 46.6 | 46.6 | - | - | - | - |
Repurchase of Common Stock | -391.23 | -393.27 | -459.83 | -363.99 | -338.63 | -11.62 |
Common Dividends Paid | -80.48 | -86.39 | -91.22 | -96.31 | -93.18 | -92.43 |
Other Financing Activities | -19.79 | -15.5 | 102.13 | 131.8 | 138.69 | 212.6 |
Financing Cash Flow | -3,309 | -3,010 | -572.32 | -174.65 | -201.97 | -1,885 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -8.01 | 13.49 | -16.15 | 1.7 | -19.53 | -15.27 |
Net Cash Flow | 266.8 | 1,351 | 92.04 | 69.63 | -446.04 | -1,384 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 311.94 | 415.24 | 867.27 | 547.48 | 396.79 | 855.52 |
Free Cash Flow Growth | -20.39% | -52.12% | 58.41% | 37.98% | -53.62% | -18.28% |
Free Cash Flow Margin | 7.83% | 9.28% | 16.72% | 9.38% | 6.89% | 16.03% |
Free Cash Flow Per Share | 2.88 | 3.42 | 6.56 | 3.77 | 2.66 | 5.52 |
Levered Free Cash Flow | 3,658 | -460.21 | 246.28 | 187.42 | 676.76 | 1,761 |
Unlevered Free Cash Flow | 3,611 | -498.02 | 180.79 | 108.43 | 586.27 | 1,680 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 330.82 | 330.82 | 359 | 290.47 | 231.65 | 191.66 |
Cash Income Tax Paid | 39.36 | 39.36 | 111.12 | 237.66 | 244.37 | 155.58 |
Change in Working Capital | 255.02 | 255.02 | 98.46 | 24.32 | -388.4 | -69.17 |