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v3.20.4

Supplemental Consolidating Data (Tables) | 12 Months Ended
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Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Operations |
| Year Ended December 31, 2020
| HDMC Entities |  | HDFS Entities |  | Consolidating Adjustments |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 3,279,407 |  |  | $ | — |  |  | $ | (15,353) |  |  | $ | 3,264,054 |
Financial Services | — |  |  | 783,421 |  |  | 6,902 |  |  | 790,323 |
| 3,279,407 |  |  | 783,421 |  |  | (8,451) |  |  | 4,054,377 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 2,435,745 |  |  | — |  |  | — |  |  | 2,435,745 |
Financial Services interest expense | — |  |  | 246,447 |  |  | — |  |  | 246,447 |
Financial Services provision for credit losses | — |  |  | 181,870 |  |  | — |  |  | 181,870 |
Selling, administrative and engineering expense | 907,257 |  |  | 152,258 |  |  | (8,888) |  |  | 1,050,627 |
Restructuring expense | 119,110 |  |  | 10,899 |  |  | — |  |  | 130,009 |
| 3,462,112 |  |  | 591,474 |  |  | (8,888) |  |  | 4,044,698 |
Operating (loss) income | (182,705) |  |  | 191,947 |  |  | 437 |  |  | 9,679 |
Other expense, net | (1,848) |  |  | — |  |  | — |  |  | (1,848) |
Investment income | 107,560 |  |  | — |  |  | (100,000) |  |  | 7,560 |
Interest expense | 31,121 |  |  | — |  |  | — |  |  | 31,121 |
(Loss) income before income taxes | (108,114) |  |  | 191,947 |  |  | (99,563) |  |  | (15,730) |
Income tax (benefit) provision | (59,231) |  |  | 42,203 |  |  | — |  |  | (17,028) |
Net (loss) income | $ | (48,883) |  |  | $ | 149,744 |  |  | $ | (99,563) |  |  | $ | 1,298 |
Balance Sheet |
| December 31, 2020
| HDMC Entities |  | HDFS Entities |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 666,161 |  |  | $ | 2,591,042 |  |  | $ | — |  |  | $ | 3,257,203 |
Accounts receivable, net | 220,110 |  |  | — |  |  | (77,028) |  |  | 143,082 |
Finance receivables, net | — |  |  | 1,509,539 |  |  | — |  |  | 1,509,539 |
Inventories, net | 523,497 |  |  | — |  |  | — |  |  | 523,497 |
Restricted cash | — |  |  | 131,642 |  |  | — |  |  | 131,642 |
Other current assets | 93,510 |  |  | 190,690 |  |  | (3,730) |  |  | 280,470 |
| 1,503,278 |  |  | 4,422,913 |  |  | (80,758) |  |  | 5,845,433 |
Finance receivables, net | — |  |  | 4,933,469 |  |  | — |  |  | 4,933,469 |
Property, plant and equipment, net | 709,845 |  |  | 33,939 |  |  | — |  |  | 743,784 |
Pension and postretirement assets | 95,711 |  |  | — |  |  | — |  |  | 95,711 |
Goodwill | 65,976 |  |  | — |  |  | — |  |  | 65,976 |
Deferred income taxes | 69,688 |  |  | 90,011 |  |  | (1,161) |  |  | 158,538 |
Lease assets | 40,564 |  |  | 4,639 |  |  | — |  |  | 45,203 |
Other long-term assets | 184,300 |  |  | 33,115 |  |  | (94,928) |  |  | 122,487 |
| $ | 2,669,362 |  |  | $ | 9,518,086 |  |  | $ | (176,847) |  |  | $ | 12,010,601 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 277,429 |  |  | $ | 90,503 |  |  | $ | (77,028) |  |  | $ | 290,904 |
Accrued liabilities | 444,786 |  |  | 115,506 |  |  | (3,078) |  |  | 557,214 |
Deposits | — |  |  | 79,965 |  |  | — |  |  | 79,965 |
Short-term debt | — |  |  | 1,014,274 |  |  | — |  |  | 1,014,274 |
Current portion of long-term debt, net | — |  |  | 2,039,597 |  |  | — |  |  | 2,039,597 |
| 722,215 |  |  | 3,339,845 |  |  | (80,106) |  |  | 3,981,954 |
Long-term debt, net | 743,977 |  |  | 5,188,956 |  |  | — |  |  | 5,932,933 |
Lease liability | 26,313 |  |  | 3,802 |  |  | — |  |  | 30,115 |
Pension and postretirement liabilities | 114,206 |  |  | — |  |  | — |  |  | 114,206 |
Deferred income taxes | 7,166 |  |  | 1,441 |  |  | — |  |  | 8,607 |
Other long-term liabilities | 171,242 |  |  | 46,514 |  |  | 2,245 |  |  | 220,001 |
Commitments and contingencies (Note 16) |  |  |  |  |  |  |
Shareholders’ equity | 884,243 |  |  | 937,528 |  |  | (98,986) |  |  | 1,722,785 |
| $ | 2,669,362 |  |  | $ | 9,518,086 |  |  | $ | (176,847) |  |  | $ | 12,010,601 |
Cash Flows |
| Year Ended December 31, 2020
| HDMC Entities |  | HDFS Entities |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |
Net (loss) income | $ | (48,883) |  |  | $ | 149,744 |  |  | $ | (99,563) |  |  | $ | 1,298 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: |  |  |  |  |  |  |
Depreciation and amortization | 177,113 |  |  | 8,602 |  |  | — |  |  | 185,715 |
Amortization of deferred loan origination costs | — |  |  | 71,142 |  |  | — |  |  | 71,142 |
Amortization of financing origination fees | 681 |  |  | 13,754 |  |  | — |  |  | 14,435 |
Provision for long-term employee benefits | 40,833 |  |  | — |  |  | — |  |  | 40,833 |
Employee benefit plan contributions and payments | (20,722) |  |  | — |  |  | — |  |  | (20,722) |
Stock compensation expense | 17,905 |  |  | 1,859 |  |  | 3,730 |  |  | 23,494 |
Net change in wholesale finance receivables related to sales | — |  |  | — |  |  | 531,701 |  |  | 531,701 |
Provision for credit losses | — |  |  | 181,870 |  |  | — |  |  | 181,870 |
Deferred income taxes | (19,097) |  |  | (24,697) |  |  | (285) |  |  | (44,079) |
Other, net | 544 |  |  | 13,718 |  |  | (436) |  |  | 13,826 |
Changes in current assets and liabilities: |  |  |  |  |  |  |
Accounts receivable, net | 161,012 |  |  | — |  |  | (33,355) |  |  | 127,657 |
Finance receivables - accrued interest and other | — |  |  | 7,418 |  |  | — |  |  | 7,418 |
Inventories, net | 80,858 |  |  | — |  |  | — |  |  | 80,858 |
Accounts payable and accrued liabilities | (34,755) |  |  | (40,851) |  |  | 32,519 |  |  | (43,087) |
Derivative financial instruments | (3,566) |  |  | 85 |  |  | — |  |  | (3,481) |
Other | 13,929 |  |  | (4,081) |  |  | (836) |  |  | 9,012 |
| 414,735 |  |  | 228,819 |  |  | 533,038 |  |  | 1,176,592 |
Net cash provided by operating activities | 365,852 |  |  | 378,563 |  |  | 433,475 |  |  | 1,177,890 |
Cash flows from investing activities: |  |  |  |  |  |  |
Capital expenditures | (128,798) |  |  | (2,252) |  |  | — |  |  | (131,050) |
Origination of finance receivables | — |  |  | (5,616,347) |  |  | 2,118,861 |  |  | (3,497,486) |
Collections on finance receivables | — |  |  | 6,192,625 |  |  | (2,652,336) |  |  | 3,540,289 |
Other investing activities | 18,073 |  |  | 3,391 |  |  | — |  |  | 21,464 |
Net cash (used) provided by investing activities | (110,725) |  |  | 577,417 |  |  | (533,475) |  |  | (66,783) |
| Year Ended December 31, 2020
| HDMC Entities |  | HDFS Entities |  | Consolidating Adjustments |  | Consolidated
Cash flows from financing activities: |  |  |  |  |  |  |
Proceeds from issuance of medium-term notes | — |  |  | 1,396,602 |  |  | — |  |  | 1,396,602 |
Repayments of medium-term notes | — |  |  | (1,400,000) |  |  | — |  |  | (1,400,000) |
Proceeds from securitization debt | — |  |  | 2,064,450 |  |  | — |  |  | 2,064,450 |
Repayments of securitization debt | — |  |  | (1,041,751) |  |  | — |  |  | (1,041,751) |
Borrowings of asset-backed commercial paper | — |  |  | 225,187 |  |  | — |  |  | 225,187 |
Repayments of asset-backed commercial paper | — |  |  | (318,828) |  |  | — |  |  | (318,828) |
Net increase in unsecured commercial paper | — |  |  | 444,380 |  |  | — |  |  | 444,380 |
Deposits | — |  |  | 79,947 |  |  | — |  |  | 79,947 |
Dividends paid | (68,087) |  |  | (100,000) |  |  | 100,000 |  |  | (68,087) |
Repurchase of common stock | (8,006) |  |  | — |  |  | — |  |  | (8,006) |
Issuance of common stock under share-based plans | 89 |  |  | — |  |  | — |  |  | 89 |
Net cash (used) provided by financing activities | (76,004) |  |  | 1,349,987 |  |  | 100,000 |  |  | 1,373,983 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | 16,389 |  |  | 2,323 |  |  | — |  |  | 18,712 |
Net increase in cash, cash equivalents and restricted cash | $ | 195,512 |  |  | $ | 2,308,290 |  |  | $ | — |  |  | $ | 2,503,802 |
Cash, cash equivalents and restricted cash: |  |  |  |  |  |  |
Cash, cash equivalents and restricted cash, beginning of period | $ | 470,649 |  |  | $ | 434,717 |  |  | $ | — |  |  | $ | 905,366 |
Net increase in cash, cash equivalents and restricted cash | 195,512 |  |  | 2,308,290 |  |  | — |  |  | 2,503,802 |
Cash, cash equivalents and restricted cash, end of period | $ | 666,161 |  |  | $ | 2,743,007 |  |  | $ | — |  |  | $ | 3,409,168 |

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