Harley-Davidson, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $79.8M | $24.8M | $-279.3M | $377.4M | $107.6M | $133.1M | $-116.9M | $119.0M |
| Depreciation & Amortization | $42.6M | $44.1M | $46.0M | $44.2M | $40.4M | $41.7M | $41.1M | $39.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $9.5M | $8.5M | $5.9M | $8.4M | $10.6M | $6.8M | $9.2M | $10.8M |
| Net Cash from Operating Activities | $168.3M | $-228.0M | $152.0M | $-92.6M | $368.0M | $141.5M | $133.2M | $353.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $12.9M | $31.8M | $51.6M | $36.5M | $35.6M | $30.0M | $56.1M | $52.6M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-174.7M | $-92.0M | $3.57B | $295.3M | $-151.2M | $61.4M | $102.8M | $-89.1M |
| Financing Activities | ||||||||
| Dividends Paid | $19.7M | $21.5M | $20.1M | $21.5M | $21.8M | $22.9M | $21.8M | $22.1M |
| Stock Repurchases | $30.4M | $70.0M | $160.1M | $100.1M | $45.0K | $93.1M | $100.0M | $150.1M |
| Net Cash from Financing Activities | $100.4M | $-959.3M | $-2.46B | $-131.2M | $-566.7M | $150.2M | $-885.8M | $131.5M |
| Net Change in Cash | $90.7M | $-1.29B | $1.27B | $70.2M | $-340.9M | $356.4M | $-666.1M | $406.3M |
| Free Cash Flow | $155.4M | $-259.8M | $100.4M | $-129.1M | $332.4M | $111.6M | $77.0M | $300.4M |