HARLEY-DAVIDSON INC
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
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16. Reportable Segments
- Reportable Segments
The Company operates inthree business segments: HDMC, LiveWire and HDFS. The Company's reportable segments are strategic business units that offer different products and services and are managed separately based on the fundamental differences in their operations.
Selected segment information is set forth below (in thousands):
| Three months ended | Nine months ended | |||
|---|---|---|---|---|
| September 30,2024 | September 30,2023 | September 30,2024 | September 30,2023 | |
| HDMC: | ||||
| Revenue | $876,405 | $1,296,981 | $3,701,417 | $4,052,946 |
| Gross profit | 263,813 | 410,690 | 1,158,010 | 1,385,190 |
| Selling, administrative and engineering expense | 208,676 | 235,437 | 666,522 | 679,864 |
| Operating income | 55,137 | 175,253 | 491,488 | 705,326 |
| LiveWire: | ||||
| Revenue | 4,808 | 8,144 | 15,958 | 22,932 |
| Gross (loss) profit | (1,180) | 1,092 | (6,907) | (584) |
| Selling, administrative and engineering expense | 24,905 | 26,435 | 76,587 | 81,290 |
| Operating loss | (26,085) | (25,343) | (83,494) | (81,874) |
| HDFS: | ||||
| Financial services revenue | 269,482 | 243,934 | 781,818 | 707,390 |
| Financial services expense | 192,738 | 184,559 | 579,836 | 530,610 |
| Operating income | 76,744 | 59,375 | 201,982 | 176,780 |
| Operating income | $105,796 | $209,285 | $609,976 | $800,232 |
Total assets for the HDMC, LiveWire and HDFS segments were $3.7 billion, $0.2 billion and $9.2 billion, respectively, as of September 30, 2024, $3.6 billion, $0.3 billion and $8.2 billion, respectively, as of December 31, 2023, and $3.5 billion, $0.3 billion and $8.6 billion, respectively, as of September 30, 2023.
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