Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.00B | $5.65B | $5.72B | $5.36B | $3.26B | $4.54B | $4.93B | $4.88B | $4.15B | $3.60B |
| Revenue growth | — | -5.8% | 1.2% | -6.2% | -39.1% | 39.1% | 8.7% | -1.0% | -15.0% | -13.1% |
| Operating income | $1.05B | $882M | $714M | $556M | $9.68M | $823M | $909M | $779M | $417M | $387M |
| Operating margin | 17.4% | 15.6% | 12.5% | 10.4% | 0.3% | 18.1% | 18.4% | 16.0% | 10.0% | 10.7% |
| Net income | $692M | $522M | $531M | $424M | $1.30M | $650M | $741M | $707M | $455M | $339M |
| Net margin | 11.5% | 9.2% | 9.3% | 7.9% | 0.0% | 14.3% | 15.0% | 14.5% | 11.0% | 9.4% |
| EPS (diluted) | $3.83 | $3.02 | $3.19 | $2.68 | $0.01 | $4.19 | $4.96 | $4.87 | $3.44 | $2.78 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.17B | $1.01B | $1.21B | $868M | $1.18B | $976M | $548M | $755M | $1.06B | $569M |
| Capital expenditures | $256M | $206M | $214M | $181M | $131M | $120M | $152M | $207M | $197M | $154M |
| Free cash flow | $918M | $799M | $992M | $687M | $1.05B | $856M | $397M | $547M | $867M | $415M |
| Share buybacks | $465M | $465M | $391M | $297M | $8.01M | $11.6M | $339M | $364M | $460M | $353M |
| Dividends paid | $252M | $252M | $246M | $237M | $68.1M | $92.4M | $93.2M | $96.3M | $91.2M | $86.4M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $760M | $688M | $1.20B | $834M | $3.26B | $1.87B | $1.43B | $1.53B | $1.59B | $3.09B |
| Total assets | $9.89B | $9.97B | $10.7B | $10.5B | $12.0B | $11.1B | $11.5B | $12.1B | $11.9B | $8.04B |
| Long-term debt | $4.67B | $4.59B | $4.89B | $5.12B | $5.93B | $4.60B | $4.46B | $4.99B | $4.47B | $1.65B |
| Shareholders' equity | $1.92B | $1.84B | $1.77B | $1.80B | $1.72B | $2.55B | $2.90B | $3.25B | $3.17B | $3.14B |
| Retained earnings | $1.34B | $1.61B | $2.01B | $2.19B | $1.28B | $1.84B | $2.49B | $3.10B | $3.47B | $3.72B |
| Shares (wtd avg diluted) | 181M | 173M | 167M | 158M | 154M | 155M | 149M | 145M | 132M | 121M |
Every figure is extracted from HARLEY-DAVIDSON, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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