HARLEY-DAVIDSON INC
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
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9. Debt
- Debt
Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following (in thousands):
| September 30,2024 | December 31,2023 | September 30,2023 | |
|---|---|---|---|
| Unsecured commercial paper | $497,373 | $878,935 | $815,081 |
Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands):
| September 30,2024 · December 31,2023 · September 30,2023 | ||||
|---|---|---|---|---|
| Secured debt: | ||||
| Asset-backed Canadian commercial paper conduit facility | $94,142 | $70,742 | $79,755 | |
| Asset-backed U.S. commercial paper conduit facility | 378,968 | 233,258 | 272,766 | |
| Asset-backed securitization debt | 2,252,468 | 1,884,629 | 2,147,548 | |
| Unamortized discounts and debt issuance costs | (7,726) | (7,261) | (8,864) | |
| 2,717,852 | 2,181,368 | 2,491,205 | ||
| Unsecured notes (at par value): | ||||
| Medium-term notes: | ||||
| Due in 2024, issued November 2019(a) | 3.14% | 669,864 | 662,238 | 634,464 |
| Due in 2025, issued June 2020 | 3.35% | 700,000 | 700,000 | 700,000 |
| Due in 2026, issued April 2023(b) | 6.36% | 781,508 | 772,610 | 740,207 |
| Due in 2027, issued February 2022 | 3.05% | 500,000 | 500,000 | 500,000 |
| Due in 2028, issued March 2023 | 6.50% | 700,000 | 700,000 | 700,000 |
| Due in 2029, issued June 2024 | 5.95% | 500,000 | — | — |
| Unamortized discounts and debt issuance costs | (14,800) | (15,710) | (17,275) | |
| 3,836,572 | 3,319,138 | 3,257,396 | ||
| Senior notes: | ||||
| Due in 2025, issued July 2015 | 3.50% | 450,000 | 450,000 | 450,000 |
| Due in 2045, issued July 2015 | 4.625% | 300,000 | 300,000 | 300,000 |
| Unamortized discounts and debt issuance costs | (3,382) | (3,921) | (4,100) | |
| 746,618 | 746,079 | 745,900 | ||
| 4,583,190 | 4,065,217 | 4,003,296 | ||
| Long-term debt | 7,301,042 | 6,246,585 | 6,494,501 | |
| Current portion of long-term debt, net | (2,561,535) | (1,255,999) | (638,496) | |
| Long-term debt, net | $4,739,507 | $4,990,586 | $5,856,005 | |
(a)€600.0 million par value remeasured to U.S. dollar at September 30, 2024, December 31, 2023, and September 30, 2023, respectively
(b)€700.0 million par value remeasured to U.S. dollar at September 30, 2024, December 31, 2023, and September 30, 2023, respectively
Future principal payments of the Company's debt obligations as of September 30, 2024 were as follows (in thousands):
| 2024 | $1,348,574 |
| 2025 | 1,892,265 |
| 2026 | 1,514,557 |
| 2027 | 1,089,974 |
| 2028 | 1,059,167 |
| Thereafter | 919,786 |
| Future principal payments | 7,824,323 |
| Unamortized discounts and debt issuance costs | (25,908) |
| $7,798,415 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.