For the quarter ending 2026-03-31, HOG had -$1,286,676K decrease in cash & cash equivalents over the period. -$259,813K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 24,123 | -282,555 | 375,167 | - |
| Depreciation and amortization | 44,139 | 46,032 | 44,210 | - |
| Amortization of deferred loan origination costs | -2,153 | -1,294 | -11,382 | - |
| Amortization of financing origination fees | 1,351 | 3,779 | 3,143 | - |
| Income related to long-term employee benefits | -11,686 | -13,908 | -13,761 | - |
| Employee benefit plan contributions and payments | 1,535 | 1,744 | 1,835 | - |
| Stock compensation expense | 8,543 | 5,911 | 8,431 | - |
| Net change in wholesale finance receivables related to sales | 178,721 | -247,467 | 37,832 | - |
| Provision for credit losses | 13,153 | 7,035 | -301,499 | - |
| Origination of finance receivables held for sale | - | - | 414,009 | - |
| Collections from finance receivables held for sale | 24,950 | 12,063 | 16,916 | - |
| Proceeds from sale of finance receivables held for sale | 275,439 | 552,670 | - | - |
| Originations of finance receivables held for sale | 491,565 | 844,232 | - | - |
| Gain on sale of securitization beneficial interests | - | 909 | 26,958 | - |
| Loss on sale of finance receivables | - | -11,378 | - | - |
| Loss on debt extinguishment | - | -72,630 | - | - |
| Deferred income taxes | 1,942 | -7,979 | 78,266 | - |
| Other, net | -3,380 | -13,814 | -17,768 | - |
| Accounts receivable, net | 64,013 | -79,061 | -20,436 | - |
| Finance receivables accrued interest and other | 4,378 | -32,507 | -6,280 | - |
| Inventories, net | -102,804 | 214,710 | -119,291 | - |
| Accounts payable and accrued liabilities | 195,710 | 50,517 | -61,059 | - |
| Other current assets | 173,810 | 32,111 | -63,074 | - |
| Total adjustments | -252,144 | 434,574 | -467,756 | - |
| Net cash (used) provided by operating activities (note 6) | -228,021 | 152,019 | -92,589 | 509,492 |
| Capital expenditures | 31,792 | 51,589 | 36,530 | 65,560 |
| Origination of finance receivables held for investment | 368,839 | 266,206 | 521,418 | 1,765,951 |
| Collections from finance receivables held for investment | 246,701 | 190,793 | 718,440 | 1,740,966 |
| Proceeds from sale of finance receivables initially held for investment | - | 3,685,613 | - | - |
| Proceeds from sale of securitization beneficial interests, net | - | 0 | 125,369 | - |
| Proceeds from term loan | - | 0 | 448,013 | - |
| Collection of retained securitization beneficial interests | 10,261 | 14,369 | 9,353 | - |
| Repayment of term loan | - | 450,000 | - | - |
| Proceeds from derivative instruments | 51,574 | - | - | - |
| Repayment of senior unsecured notes | - | 0 | 450,000 | - |
| Other investing activities | -91 | -318 | -117 | -691 |
| Proceeds from securitization debt | - | 0 | 0 | 497,790 |
| Net cash (used) provided by investing activities | -92,004 | 3,573,298 | 295,331 | -89,854 |
| Proceeds from issuance of medium-term notes | 0 | 0 | 0 | 647,088 |
| Repayments of medium-term notes | 810,950 | 1,115,368 | 0 | 700,000 |
| Repayments of securitization debt | 0 | 63,107 | 133,881 | 584,153 |
| Borrowings of asset-backed commercial paper | 0 | 0 | 0 | 155,000 |
| Repayments of asset-backed commercial paper | 0 | 453,972 | 72,175 | 145,379 |
| Net increase (decrease) in unsecured commercial paper | 2,364 | -186,538 | 180,840 | -135,902 |
| Capital contribution from third parties | - | 46,600 | - | - |
| Net decrease in deposits | -59,193 | -18,023 | 16,385 | -13,073 |
| Dividends paid | 21,540 | 20,100 | 21,532 | 44,756 |
| Repurchase of common stock | 70,018 | 160,061 | 100,069 | 93,140 |
| Share repurchases not yet settled | - | 40,000 | - | - |
| Other financing activities | 0 | -2,056 | 1,263 | 6 |
| Net cash (used) provided by financing activities | -959,337 | -2,462,625 | -131,156 | -416,519 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -7,314 | 2,484 | -1,366 | 12,375 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -1,286,676 | 1,265,176 | 70,220 | 15,494 |
| Cash, cash equivalents and restricted cash, beginning of period | 3,091,744 | 1,826,568 | 1,740,854 | - |
| Cash, cash equivalents and restricted cash, end of period | 1,805,068 | 3,091,744 | 1,826,568 | - |
HARLEY-DAVIDSON, INC. (HOG)
HARLEY-DAVIDSON, INC. (HOG)