CHAPTER IS COMPARATIVE CONVOYSTE ACQUE STATEMENTS |^ ^` Tears dee Dee It, Too. Dec 31, Foot. and the $1. 2006 20 07 20 06 20.05 Cost of goods sold 100.03|$ 100.0^| } 100.0^ Gross margin 3. 7:420 Operating Expenses 20130 2:4130 39. 5 46 Sales, marketing. general Bor Total operating Expenses Initiative 18.5%| $1 800. 7 Operating Income\\ 500. 7 147^ 5` 13.6%6| Wel Interest Expense (income ] 1. 020.0 17.2`| 5 1, 425.6 23.246| 5 25.5^ Other expense (income ) 45 0 .04. Income before Income taxes -0.20| 5 |}2 2 -0. 4%| 5 121. 7) Income Lakes 1. 054.0 17:38| 5\\ 1. 4AT. B 23.5%| 5\\ Net Income (loss) 378.3 514.0 8: 430| 5 26.3:36| 5.BIT . " 15 %# 9 6.54.7 11. 0`| 5 15.24| 5 1, 043.1 16.5^ HARLEY-DAVIDSON , INC .` COMPARATIVE COMMON - SIZE BALANCE SHEETS Dec. 31, 2008, Dec. 31, 2007 , and Dec. 31, 2006 I'm millions ) 2008 2008 20 07\\ 20:07 20.06 2006 ASSETS Current :` Cash & cash equivalents 583.6 402 9 7. 1`|` 2:38.4 Marketable securities 0.03| 5\\ 2.5 658. 1 11.8 Accounts receivable , net 296.3 3.896| 5\\ 181.2 3.2%| 5\\ 143.1 Finance receivables , not 3.8:2 2.4 48. 8%| 5\\ 2:356.5 41.795| 51 2.101.3 Inventory 400.9 5.186 / 51 349.7 287. B. Deferred income taxes 123.3 1.6%| 31 103.3 1.8%| 5\\ 48.5 Other current assets 141. 4 1. 836| 5 71.2 1.3%6| 31 73 4 Total current assets 5.37 7.8 E.B . TO6\\ 5 3.467.3 $1.396| 5 3.550.8 Flared :` Property & Equipment, nel 1. 094.5 14.04| 5 1. 060. 8 18.796\\ 1. 024.5 Long-term Investments 8: 17 . 1 $ 45. 0 138. 6 1. 836| 5 14.5%| $ Intang bles & goodwill $1. 4 Other assets 5.1%| 5\\ 2223 1.186| $1 400.5 1723 Total assets 7, BZELE 10.0.096| 5 5. ESQ. B` 100.076| 5\\ $5.5:2 } LIABILITIES Current 323.7 4.1%| $` 300.2 212.5 ACCOUNTS payable 541. 4 Accrued andother liabilities 1, 7:38. 7 Current portion of finance debt 22:29| 5 1, 120.0 2608. 8 33.3%| $1 RES 2,178.2 27.8`| $` 1, 605. 1 19 9}| $1 Total current liabilities 1 9 95 0 0 0 0 Finance debt Deferred income tax liabilities 11 98|$1 Other long-term /abilities \\5. 7130 Total liabilities SAM^ OWNERS' EQUITY 2115 6 Total owners' equity Total Labilities and owners' equity 100 0^\\} HARLEY-DAVIDSON, INC RATIO ANALYSIS SUMMARY For the year ended Dec. 17, 2009, Dec. 21, 2097, and Dec. 21, 20 0 WOULDITY RATIOSCHAPTER IS COMPARATIVE CONVOYSTE ACQUE STATEMENTS |^ ^` Tears dee Dee It, Too. Dec 31, Foot. and the $1. 2006 20 07 20 06 20.05 Cost of goods sold 100.03|$ 100.0^| } 100.0^ Gross margin 3. 7:420 Operating Expenses 20130 2:4130 39. 5 46 Sales, marketing. general Bor Total operating Expenses Initiative 18.5%| $1 800. 7 Operating Income\\ 500. 7 147^ 5` 13.6%6| Wel Interest Expense (income ] 1. 020.0 17.2`| 5 1, 425.6 23.246| 5 25.5^ Other expense (income ) 45 0 .04. Income before Income taxes -0.20| 5 |}2 2 -0. 4%| 5 121. 7) Income Lakes 1. 054.0 17:38| 5\\ 1. 4AT. B 23.5%| 5\\ Net Income (loss) 378.3 514.0 8: 430| 5 26.3:36| 5.BIT . " 15 %# 9 6.54.7 11. 0`| 5 15.24| 5 1, 043.1 16.5^ HARLEY-DAVIDSON , INC .` COMPARATIVE COMMON - SIZE BALANCE SHEETS Dec. 31, 2008, Dec. 31, 2007 , and Dec. 31, 2006 I'm millions ) 2008 2008 20 07\\ 20:07 20.06 2006 ASSETS Current :` Cash & cash equivalents 583.6 402 9 7. 1`|` 2:38.4 Marketable securities 0.03| 5\\ 2.5 658. 1 11.8 Accounts receivable , net 296.3 3.896| 5\\ 181.2 3.2%| 5\\ 143.1 Finance receivables , not 3.8:2 2.4 48. 8%| 5\\ 2:356.5 41.795| 51 2.101.3 Inventory 400.9 5.186 / 51 349.7 287. B. Deferred income taxes 123.3 1.6%| 31 103.3 1.8%| 5\\ 48.5 Other current assets 141. 4 1. 836| 5 71.2 1.3%6| 31 73 4 Total current assets 5.37 7.8 E.B . TO6\\ 5 3.467.3 $1.396| 5 3.550.8 Flared :` Property & Equipment, nel 1. 094.5 14.04| 5 1. 060. 8 18.796\\ 1. 024.5 Long-term Investments 8: 17 . 1 $ 45. 0 138. 6 1. 836| 5 14.5%| $ Intang bles & goodwill $1. 4 Other assets 5.1%| 5\\ 2223 1.186| $1 400.5 1723 Total assets 7, BZELE 10.0.096| 5 5. ESQ. B` 100.076| 5\\ $5.5:2 } LIABILITIES Current 323.7 4.1%| $` 300.2 212.5 ACCOUNTS payable 541. 4 Accrued andother liabilities 1, 7:38. 7 Current portion of finance debt 22:29| 5 1, 120.0 2608. 8 33.3%| $1 RES 2,178.2 27.8`| $` 1, 605. 1 19 9}| $1 Total current liabilities 1 9 95 0 0 0 0 Finance debt Deferred income tax liabilities 11 98|$1 Other long-term /abilities \\5. 7130 Total liabilities SAM^ OWNERS' EQUITY 2115 6 Total owners' equity Total Labilities and owners' equity 100 0^\\} HARLEY-DAVIDSON, INC RATIO ANALYSIS SUMMARY For the year ended Dec. 17, 2009, Dec. 21, 2097, and Dec. 21, 20 0 WOULDITY RATIOSCHAPTER IS COMPARATIVE CONVOYSTE ACQUE STATEMENTS |^ ^` Tears dee Dee It, Too. Dec 31, Foot. and the $1. 2006 20 07 20 06 20.05 Cost of goods sold 100.03|$ 100.0^| } 100.0^ Gross margin 3. 7:420 Operating Expenses 20130 2:4130 39. 5 46 Sales, marketing. general Bor Total operating Expenses Initiative 18.5%| $1 800. 7 Operating Income\\ 500. 7 147^ 5` 13.6%6| Wel Interest Expense (income ] 1. 020.0 17.2`| 5 1, 425.6 23.246| 5 25.5^ Other expense (income ) 45 0 .04. Income before Income taxes -0.20| 5 |}2 2 -0. 4%| 5 121. 7) Income Lakes 1. 054.0 17:38| 5\\ 1. 4AT. B 23.5%| 5\\ Net Income (loss) 378.3 514.0 8: 430| 5 26.3:36| 5.BIT . " 15 %# 9 6.54.7 11. 0`| 5 15.24| 5 1, 043.1 16.5^ HARLEY-DAVIDSON , INC .` COMPARATIVE COMMON - SIZE BALANCE SHEETS Dec. 31, 2008, Dec. 31, 2007 , and Dec. 31, 2006 I'm millions ) 2008 2008 20 07\\ 20:07 20.06 2006 ASSETS Current :` Cash & cash equivalents 583.6 402 9 7. 1`|` 2:38.4 Marketable securities 0.03| 5\\ 2.5 658. 1 11.8 Accounts receivable , net 296.3 3.896| 5\\ 181.2 3.2%| 5\\ 143.1 Finance receivables , not 3.8:2 2.4 48. 8%| 5\\ 2:356.5 41.795| 51 2.101.3 Inventory 400.9 5.186 / 51 349.7 287. B. Deferred income taxes 123.3 1.6%| 31 103.3 1.8%| 5\\ 48.5 Other current assets 141. 4 1. 836| 5 71.2 1.3%6| 31 73 4 Total current assets 5.37 7.8 E.B . TO6\\ 5 3.467.3 $1.396| 5 3.550.8 Flared :` Property & Equipment, nel 1. 094.5 14.04| 5 1. 060. 8 18.796\\ 1. 024.5 Long-term Investments 8: 17 . 1 $ 45. 0 138. 6 1. 836| 5 14.5%| $ Intang bles & goodwill $1. 4 Other assets 5.1%| 5\\ 2223 1.186| $1 400.5 1723 Total assets 7, BZELE 10.0.096| 5 5. ESQ. B` 100.076| 5\\ $5.5:2 } LIABILITIES Current 323.7 4.1%| $` 300.2 212.5 ACCOUNTS payable 541. 4 Accrued andother liabilities 1, 7:38. 7 Current portion of finance debt 22:29| 5 1, 120.0 2608. 8 33.3%| $1 RES 2,178.2 27.8`| $` 1, 605. 1 19 9}| $1 Total current liabilities 1 9 95 0 0 0 0 Finance debt Deferred income tax liabilities 11 98|$1 Other long-term /abilities \\5. 7130 Total liabilities SAM^ OWNERS' EQUITY 2115 6 Total owners' equity Total Labilities and owners' equity 100 0^\\} HARLEY-DAVIDSON, INC RATIO ANALYSIS SUMMARY For the year ended Dec. 17, 2009, Dec. 21, 2097, and Dec. 21, 20 0 WOULDITY RATIOSLONG-TERM LIABILITIES 531 REQUIRED Income statement questions: 1. Are total revenues higher or lower over the three-year period? 2. What is the percent change in total revenues from 2006 to 2008? 3. Is the percent of cost of goods sold to total revenues increasing or decreasing decreasing? over the three-year period? As a result, is the gross margin percent increasing or 4. Is the percent of total operating expenses to total revenues increasing or decreasing decreasing? over the three-year period? As a result, is the operating income percent increasing or 5. Is the percent of net income to total revenue increasing or decreasing over the three-year period? Balance sheet questions: 6. Are total assets higher or lower over the three-year period? 7. What is the percent change in total assets from 2006 to 2008? S. What are the largest asset investments for the company over the three-year period? 9. Are the largest asset investments increasing faster or slower than the percent change in total revenues? 10. Is the percent of total liabilities to total liabilities . owners' equity increasing or decreasing? As a result, is there more or less risk that the company could not pay its debts? Integrative income statement and balance sheet question: 1I. Is the company operating g more or less efficiently by using the least amount of mart best rate a given level of total revenues? Note that the "total asset turnunder" gifts is ad included in the "ratio analysis sums Ratio an is questions 12. Is the curmeLONG-TERM LIABILITIES 531 REQUIRED Income statement questions: 1. Are total revenues higher or lower over the three-year period? 2. What is the percent change in total revenues from 2006 to 2008? 3. Is the percent of cost of goods sold to total revenues increasing or decreasing decreasing? over the three-year period? As a result, is the gross margin percent increasing or 4. Is the percent of total operating expenses to total revenues increasing or decreasing decreasing? over the three-year period? As a result, is the operating income percent increasing or 5. Is the percent of net income to total revenue increasing or decreasing over the three-year period? Balance sheet questions: 6. Are total assets higher or lower over the three-year period? 7. What is the percent change in total assets from 2006 to 2008? S. What are the largest asset investments for the company over the three-year period? 9. Are the largest asset investments increasing faster or slower than the percent change in total revenues? 10. Is the percent of total liabilities to total liabilities . owners' equity increasing or decreasing? As a result, is there more or less risk that the company could not pay its debts? Integrative income statement and balance sheet question: 1I. Is the company operating g more or less efficiently by using the least amount of mart best rate a given level of total revenues? Note that the "total asset turnunder" gifts is ad included in the "ratio analysis sums Ratio an is questions 12. Is the curme