v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
ASSETS      
Cash and cash equivalents $ 1,805,068 $ 3,091,744 $ 1,931,175
Accounts receivable, net 285,786 225,760 313,334
Finance receivables held for sale, net 426,792 264,238 0
Finance receivables held for investment, net of allowance of $2,069, $5,591, and $72,565 1,187,550 981,926 2,286,672
Inventories, net 622,189 730,898 712,312
Restricted cash 0 0 150,132
Other current assets 415,301 292,383 253,687
Current assets 4,742,686 5,586,949 5,647,312
Finance receivables held for investment, net of allowance (recovery) of $19,527, $(7,826), and $320,613 827,061 719,060 5,112,935
Property, plant and equipment, net 720,206 750,224 750,619
Pension and postretirement assets 558,540 546,303 454,359
Goodwill 63,443 63,913 62,347
Deferred income taxes 67,351 73,792 159,040
Lease assets 81,523 82,542 63,405
Other long-term assets 184,851 222,032 132,364
Assets 7,245,661 8,044,815 12,382,381
LIABILITIES AND SHAREHOLDERS’ EQUITY      
Accounts payable 459,358 389,237 443,129
Accrued liabilities 773,196 671,957 662,673
Short-term deposits, net 248,642 280,095 178,376
Short-term debt 498,685 497,776 498,500
Current portion of long-term debt, net 498,246 819,629 1,839,100
Current liabilities 2,478,127 2,658,694 3,621,778
Long-term deposits, net 228,996 256,549 334,954
Long-term debt, net 1,134,865 1,649,612 4,963,261
Lease liabilities 68,426 69,425 47,967
Pension and postretirement liabilities 52,257 53,135 53,104
Deferred income taxes 5,518 5,506 17,015
Other long-term liabilities 197,337 195,044 170,612
Commitments and contingencies (Note 14)
Shareholders’ equity:      
Common stock 1,735 1,726 1,726
Additional paid-in-capital 1,860,411 1,790,175 1,797,814
Retained earnings 3,720,641 3,717,408 3,575,241
Accumulated other comprehensive loss (272,104) (257,137) (338,183)
Treasury stock, at cost (2,246,496) (2,111,504) (1,854,419)
Total Harley-Davidson, Inc. shareholders' equity 3,064,187 3,140,668 3,182,179
Noncontrolling interest 15,948 16,182 (8,489)
Total equity 3,080,135 3,156,850 3,173,690
Total liabilities and shareholders' equity $ 7,245,661 $ 8,044,815 $ 12,382,381