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Harley-davidson, Inc. cash flow statement

In fiscal 2025, Harley-davidson, Inc.'s operations generated $569m of cash; it spent $154m on capital projects, leaving free cash flow of $415m. It returned $86.4m in dividends and $353m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations6091,1638858019771,1471,1001,1741,0051,2068681,1789765487551,064569−0
Depreciation and amortisation246255180169167179198210222265233186165152158161172177
Stock-based pay183038414138293232363423425483493232
Capital spending117171189189208232260256206214181131120152207197154133
Free cash flow4929936966127699148409187999926871,047856397547867415−133
Free cash flow after stock pay4759626585727288768118867669576531,023813342465818383−165
Dividends paid949411114218823824925225224623768929396918683
Share buybacks222253124796161,537465465391297812339364460353361

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Harley-davidson, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Harley-davidson, Inc.