EXPERIENCEBUSINESS - Harley-Davidson

HARLEY- DAVIDSON, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
2. ADDITIONAL BALANCE SHEET AND
CASH FLOWS INFORMATION (CONTINUED)
The allowance for doubtful accounts deducted from
accounts receivable was $1.8 million at December 31, 2000
and 1999.
(In thousands)
December 31, 2000 1999
Inventories:
Components at the lower
of FIFO cost or market:
Raw materials and work in process $ 73,065 $ 61,893
Motorcycle finished goods 37,851 29,977
Parts and accessories
and general merchandise 99,840 97,422
210,756 189,292
Excess of FIFO over LIFO cost 18,825 20,676
$ 191,931 $ 168,616
Property, plant and equipment, at cost:
Land and land improvements $ 14,181 $ 13,828
Buildings and improvements 227,063 216,575
Machinery and equipment 1,000,171 893,129
Construction in progress 183,146 112,618
$1,424,561 $1,236,150
Less accumulated depreciation 670,446 554,409
$ 754,115 $ 681,741
Accrued and other liabilities:
Payroll, performance
incentives, and related expenses $ 87,743 $ 77,764
Warranty/recalls 24,301 18,011
Dealer incentive programs 29,022 40,322
Product liability 3,178 4,521
Income taxes payable 52,180 26,460
Other 41,966 32,253
$ 238,390 $ 199,331
Supplemental cash flow information is as follows:
(In thousands)
2000 1999 1998
Net changes in other
current assets
and current liabilities:
Accounts receivable $ 8,051 $ 11,709 $ (8,606)
Inventories (18,569) (13,000) (33,888)
Prepaid expenses (3,277) (3,527) (3,295)
Accounts payable
and accrued liabilities 63,404 17,320 42,919
$ 49,609 $ 12,502 $ (2,870)
Cash paid during the period for interest and income taxes
is as follows:
(In thousands)
Interest $ 30,270 $ 28,803 $23,795
Income taxes $138,417 $122,535 $89,493
Interest paid includes the interest payments of HDFS
which are included in operating income from financial services.
No interest was capitalized in 2000, 1999 or 1998.
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