From Financial Management, 10th Edition

Harley Davidson Inc. Annual Balance Sheet ($000)

12/31/2001

12/31/2002 Change

635,449
775,264
181,115
73,436
1,665,264

795,728
964,465
218,156
88,237
2,066,586

160,279
189,201
37,041
14,801
401,322

1,705,361
(813,541)
891,820
561,411
3,118,495

2,006,256
(973,660)
1,032,596
762,035
3,861,217

Accounts Payable
Accrued Expenses
Other Payable
Short-Term Notes
Other Interst Bearing Current Liabilities
Total Current Liabilities

217,051
194,683
65,875
141,191
97,310
716,110

382,579
226,977
67,886
189,024
123,586
990,052

Long Term Debt

Total Liabilities

646,102
1,362,212

638,250
1,628,302

COMMON EQUITY
Common Stock
Paid in Capital
Retained Earnings
Less Treasury Stock
Total Common Equity

3,242
359,165
1,819,422
(425,546)
1,756,283

3,254
386,284
2,325,737
(482,360)
2,232,915

300,895
(160,119)
140,776
200,624
742,722
165,528
32,294
2,011
47,833
26,276
273,942
(7,852)
266,090
12
27,119
506,315
(56,814)
476,632

Total Liabilities & Common Equity

3,118,495

3,861,217

742,722

Assets
Cash
Accounts Receivable
Inventories
Other Current Assets
Total Current Assets
Gross PP&E
Accumulated Depreciation
Net PP&E
Other Assets
Total Assets
Liabilities and Equity
LIABILITIES

Net Income (From Income Statement)

580,217

From Financial Management, 10th Edition

Harley Davidson Inc. Statement of Cash Flows ($000)
Net Income
Addback: Depreciation
(Increase) Decrease in Operating Assets
Change in Accounts Receivable
Change in Inventories
Change in other current assets
Increase (Decrease) in operating liabilities
Change in accounts payable
Change in accrued expenses
Change in other payables
Cash Provided by Operating Activities
INVESTING ACTIVITIES
Increase in Fixed Assets
Increase in Other Assets
Cash flows From Investing Activities

580,217
160,119
(189,201)
(37,041)
(14,801)
165,528
32,294
2,011
699,126

(300,895)
(200,624)
(501,519)

FINANCING ACTIVITIES
Dividends Paid
Increase Interest Bearing ST notes
Increase Interest Bearing Current Liab.
(Decrease) Long Term Debt
(Decrease) in Common Stock
Cash flows from Financing Activities
Change in Cash
Beginning Cash (Dec. 31, 2001)
Ending Cash (Dec. 31, 2002)

(73,902)
47,833
26,276
(7,852)
(29,683)
(37,328)
160,279
635,449
795,728