Harley Davidson 2015 Annual Report Download - page 106

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106
Year Ended December 31, 2013
Motorcycles
& Related
Products
Operations
Financial
Services
Operations
Eliminations
&
Adjustments Consolidated
Cash flows from financing activities:
Repayment of medium-term notes — (27,858) — (27,858)
Intercompany borrowing activity (50,000) 50,000 — —
Proceeds from securitization debt — 647,516 — 647,516
Repayments of securitization debt — (840,387) — (840,387)
Borrowings of asset-backed commercial paper — 88,456 — 88,456
Net increase in credit facilities and unsecured commercial
paper — 371,085 — 371,085
Repayments of asset-backed commercial paper — (78,765) — (78,765)
Net change in restricted cash — 43,201 — 43,201
Dividends paid (187,688)(185,000) 185,000 (187,688)
Purchase of common stock for treasury, net of issuances (479,231) — — (479,231)
Excess tax benefits from share based payments 19,895 — — 19,895
Issuance of common stock under employee stock option plans 50,567 — — 50,567
Net cash (used by) provided by financing activities (646,457) 68,248 185,000 (393,209)
Effect of exchange rate changes on cash and cash equivalents (14,459)(2,084) — (16,543)
Net (decrease) increase in cash and cash equivalents $ (8,804) $ 7,278 $ — $ (1,526)
Cash and cash equivalents:
Cash and cash equivalents – beginning of period $ 727,716 $ 340,422 $ — $ 1,068,138
Net (decrease) increase in cash and cash equivalents (8,804) 7,278 — (1,526)
Cash and cash equivalents – end of period $ 718,912 $ 347,700 $ — $ 1,066,612
22. Subsequent Events
In January 2016, HDFS issued $600.0 million of medium-term notes that mature in January 2019 and have an annual
interest rate of 2.25% and $600.0 million of medium-term notes that mature in January 2021 and have an annual interest rate of
2.85%.