strategic-management

174 CAROL POPE AND JOANNE MACK
EXHIBIT 5 Harley-Davidson’s Balance Sheets
(all numbers in thousands)
Period Ending 31-Dec-08 31-Dec-07 31-Dec-06
Assets
Current Assets
Cash and Cash Equivalents $593,558 $402,854 $238,397
Short Term Investments 3,822,426 2,475 658,133
Net Receivables 419,585 2,641,058 2,317,804
Inventory 400,908 349,697 287,798
Other Current Assets 141,404 71,230 48,501
Total Current Assets 5,377,881 3,467,314 3,550,633
Long Term Investments 817,102 845,044 725,957
Property Plant and Equipment 1,094,487 1,060,590 1,024,469
Goodwill 138,579 61,401 58,800
Intangible Assets — — —
Accumulated Amortization — — —
Other Assets 112,336 167,881 129,305
Deferred Long Term Asset Charges 288,240 54,376 42,986
Total Assets
Liabilities
Current Liabilities
7,828,625 5,656,606 5,532,150
Accounts Payable 525,727 450,361 763,186
Short/Current Long Term Debt 1,762,152 1,154,369 832,491
Other Current Liabilities 315,878 300,349 —
Total Current Liabilities 2,603,757 1,905,079 1,595,677
Long Term Debt 2,176,238 980,000 870,000
Other Liabilities 933,027 396,036 309,736
Deferred Long Term Liability Charges — — —
Minority Interest — — —
Negative Goodwill — — —
Total Liabilities
Stockholders’ Equity
5,713,022 3,281,115 2,775,413
Misc. Stocks Options Warrants — — —
Redeemable Preferred Stock — — —
Preferred Stock — — —
Common Stock 3,357 3,352 3,343
Retained Earnings 6,458,778 6,117,567 5,481,126
Treasury Stock (4,670,802) (4,420,394) (3,266,955)
Capital Surplus 846,796 812,224 766,382
Other Stockholders’ Equity (522,526) (137,258) (227,159)
Total Stockholders’ Equity 2,115,603 2,375,491 2,756,737
Net Tangible Assets $1,977,024 $2,314,090 $2,697,937
Source: www.harley-davidson.com and their 2008 Form 10-K.