Harley-Davidson Quarterly Cash Flow Statement
NYSE: HOGConsumer DiscretionaryMotor VehiclesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Harley-Davidson free cash flow
In the quarter ended Jun 30, 2026, Harley-Davidson generated $168.3 million of operating cash flow and spent $12.9 million on capital expenditures. That left free cash flow of $155.4 million, a free-cash-flow margin of 12.6% of revenue. Free cash flow was down 53.2% from the prior year's $332.4 million.
Harley-Davidson returned $50.0 million to shareholders: $19.7 million in dividends and $30.4 million in share repurchases, equal to 32% of free cash flow. Free cash flow covered dividend payments 7.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
Harley-Davidson cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 78.98M | 24.12M | -282.56M | 375.17M | 105.75M | 130.80M | -118.43M | 115.97M | 215.41M | 232.23M | 23.28M | 196.10M |
| Net Income growth (YoY) | -25.31% | -81.56% | — | +223.51% | -50.91% | -43.68% | -608.63% | -40.86% | +23.92% | -23.06% | -41.32% | -24.92% |
| Depreciation & Amortization | 42.56M | 44.14M | 46.03M | 44.21M | 40.42M | 41.70M | 41.10M | 39.19M | 38.87M | 41.50M | 45.52M | 40.37M |
| Stock-Based Compensation | 9.49M | 8.54M | 5.91M | 8.43M | 10.59M | 6.82M | 9.19M | 10.82M | 12.78M | 16.21M | 18.36M | 20.13M |
| Change in Working Capital | -88.56M | 234.50M | -85.13M | 78.67M | 39.33M | 172.91M | -74.99M | -29.84M | 96.14M | 137.64M | -64.73M | 104.05M |
| Operating Cash Flow | 168.34M | -228.02M | 152.02M | -92.59M | 367.96M | 141.53M | 133.18M | 353.01M | 473.64M | 104.00M | 48.12M | 296.25M |
| Capital Expenditures | -12.90M | -31.79M | -51.59M | -36.53M | -35.59M | -29.97M | -56.14M | -52.59M | -41.48M | -46.36M | -68.50M | -52.38M |
| Investing Cash Flow | -174.73M | -92.00M | 3.57B | 295.33M | -151.25M | 61.40M | 102.85M | -89.15M | -284.53M | -112.50M | -1.17M | -165.94M |
| Dividends Paid | -19.67M | -21.54M | -20.10M | -21.53M | -21.84M | -22.92M | -21.77M | -22.09M | -22.97M | -24.39M | -23.54M | -24.58M |
| Share Repurchases | -30.37M | -70.02M | -160.06M | -100.07M | -45.00K | -93.09M | -100.02M | -150.13M | -101.86M | -107.81M | -124.56M | -69.78M |
| Debt Repaid | — | — | 0 | — | — | — | 0 | — | — | — | — | — |
| Financing Cash Flow | 100.43M | -959.34M | -2.46B | -131.16M | -566.70M | 150.19M | -885.77M | 131.46M | 207.92M | -25.93M | -428.22M | 228.74M |
| Net Change in Cash | 90.72M | -1.29B | 1.27B | 70.22M | -340.92M | 356.41M | -666.09M | 406.35M | 393.24M | -41.45M | -371.16M | 351.13M |
| Free Cash Flow | 155.43M | -259.81M | 100.43M | -129.12M | 332.37M | 111.56M | 77.04M | 300.42M | 432.17M | 57.64M | -20.38M | 243.87M |
This table shows 12 quarterly periods of Harley-Davidson's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow HOG's reporting calendar. What is a cash flow statement?