Harley Davidson 2015 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2015 Harley Davidson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 119

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119

102
Year Ended December 31, 2015
Motorcycles
& Related
Products
Operations
Financial
Services
Operations
Eliminations
&
Adjustments Consolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes — 595,386 — 595,386
Repayments of medium-term notes — (610,331) — (610,331)
Proceeds from issuance of senior unsecured notes 740,385 — — 740,385
Intercompany borrowing activity 250,000 (250,000) — —
Proceeds from securitization debt — 1,195,668 — 1,195,668
Repayments of securitization debt — (1,008,135) — (1,008,135)
Borrowings of asset-backed commercial paper — 87,442 — 87,442
Repayments of asset-backed commercial paper — (72,727) — (72,727)
Net increase in credit facilities and unsecured commercial
paper — 469,473 — 469,473
Net change in restricted cash — 11,410 — 11,410
Dividends (249,262)(100,000) 100,000 (249,262)
Purchase of common stock for treasury (1,537,020) — — (1,537,020)
Excess tax benefits from share-based payments 3,468 — — 3,468
Issuance of common stock under employee stock option plans 20,179 — — 20,179
Net cash (used by) provided by financing activities (772,250) 318,186 100,000 (354,064)
Effect of exchange rate changes on cash and cash equivalents (10,451)(4,226) — (14,677)
Net decrease in cash and cash equivalents $ (173,452) $ (11,019) $ — $ (184,471)
Cash and cash equivalents:
Cash and cash equivalents—beginning of period $ 573,895 $ 332,785 $ — $ 906,680
Net decrease in cash and cash equivalents (173,452)(11,019) — (184,471)
Cash and cash equivalents—end of period $ 400,443 $ 321,766 $ — $ 722,209