Exhibit 99.1
19. Reportable Segments and Geographic Information
Reportable Segments – [Omitted.]
LiveWire sells electric motorcycles, electric balance bikes for kids, parts and accessories and apparel in the United States and certain international markets. Electric motorcycles, related parts and accessories and apparel are sold at wholesale to a network of independent dealers and at retail through a company-owned dealer and through online sales. Electric balance bikes and related parts and accessories are sold through independent retail partners and distributors and direct to consumers online.
[Omitted.]
Selected segment information is set forth below for the years ended December 31, (in thousands):
2022 | 2021 | 2020 | ||||||||||
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LiveWire: | ||||||||||||
Revenue | 46,833 | 35,806 | 30,863 | |||||||||
Gross profit | 2,904 | (2,574 | ) | (24,956 | ) | |||||||
Selling, administrative and engineering expense | 88,219 | 65,608 | 52,099 | |||||||||
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Operating loss | (85,315 | ) | (68,182 | ) | (77,055 | ) | ||||||
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[Omitted.]
Additional segment information is set forth below as of December 31, (in thousands):
[Omitted] | LiveWire | [Omitted] | [Omitted] | |||||||||||||
2022: | ||||||||||||||||
Assets | $ | 351,422 | ||||||||||||||
Depreciation and amortization | $ | 4,401 | ||||||||||||||
Capital expenditures | $ | 14,081 | ||||||||||||||
2021: | ||||||||||||||||
Assets | $ | 61,952 | ||||||||||||||
Depreciation and amortization | $ | 4,718 | ||||||||||||||
Capital expenditures | $ | 9,951 | ||||||||||||||
2020: | ||||||||||||||||
Assets | $ | 51,740 | ||||||||||||||
Depreciation and amortization | $ | 3,942 | ||||||||||||||
Capital expenditures | $ | 3,243 |
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Geographic Information – Included in the Consolidated financial statements are the following amounts relating to geographic locations for the years ended December 31, (in thousands):
2022 | 2021 | 2020 | ||||||||||
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LiveWire revenue(a): | ||||||||||||
United States | 36,256 | 24,633 | 21,462 | |||||||||
International | 10,577 | 11,173 | 9,401 | |||||||||
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$ | 46,833 | $ | 35,806 | $ | 30,863 | |||||||
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(a) | Revenue is attributed to geographic regions based on location of customer. |
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