================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-K/A
AMENDMENT NO. 1 TO
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 [FEE REQUIRED] For the fiscal year ended: DECEMBER 31, 1994
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from
_______________ to ________________
Commission file number 1-9183
------
HARLEY-DAVIDSON, INC.
(Exact name of registrant as specified in its charter)
WISCONSIN 39-1382325
(State of organization) (I.R.S. Employer Identification No.)
3700 WEST JUNEAU AVENUE,
MILWAUKEE, WISCONSIN 53208
(Address of principal executive offices) (Zip code)
Registrant's telephone number: (414) 342-4680
Securities registered pursuant to Section 12(b) of the Act:
Name of each Exchange
Title of each class on which registered
- -------------------------------------- ---------------------------
COMMON STOCK, $.01 PAR VALUE PER SHARE NEW YORK STOCK EXCHANGE
PREFERRED STOCK PURCHASE RIGHTS NEW YORK STOCK EXCHANGE
Securities registered pursuant to Section 12(g) of the Act: NONE
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months and (2) has been subject to such requirements for the
past 90 days. Yes X No .
--- ---
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ ]
Aggregate market value of the voting stock held by nonaffiliates of the
registrant at March 21, 1995: $1,689,758,527.
Number of shares of the registrant's common stock outstanding at March 21, 1995:
74,739,769 shares.
Part III of this report incorporates information by reference from registrant's
Proxy Statement for the annual meeting of its shareholders to be held on May 6,
1995.
================================================================================
The undersigned Registrant hereby amends Item 6 of its Annual Report on Form
10-K for the fiscal year ended December 31, 1994 to modify the dividends paid
line for years 1993 and 1992; as amended, such Item reads in its entirety as
follows:
Item 6. Selected financial data
- ------- -----------------------
1994 1993 1992 1991 1990
---------- ----------- ----------- --------- ---------
(In thousands, except per share amounts)
Income statement data:
Net sales $1,541,796 $1,217,428 $1,105,284 $939,863 $864,600
Cost of goods sold 1,120,332 880,269 808,871 706,140 635,551
---------- ---------- ---------- -------- --------
Gross profit 421,464 337,159 296,413 233,723 229,049
Selling, administrative, and engineering 261,157 267,353* 199,216 165,078 145,674
---------- ---------- ---------- -------- --------
Income from operations 160,307 69,806 97,197 68,645 83,375
Interest income (expense), net 44 (831) (4,912) (7,312) (9,701)
Other income (expense), net 1,718 (2,460) (3,476) (3,239) (11,057)
---------- ---------- ---------- -------- --------
Income before provision for
income taxes, extraordinary items
and accounting changes 162,069 66,515 88,809 58,094 62,617
Provision for income taxes 57,797 48,072 34,636 21,122 24,309
---------- ---------- ---------- -------- --------
Income before extraordinary items
and accounting changes 104,272 18,443 54,173 36,972 38,308
Extraordinary items, net of tax - - (388) - (478)
---------- ---------- ---------- -------- --------
Income before accounting changes 104,272 18,443 53,785 36,972 37,830
Cumulative effect of accounting changes,
net of tax** - (30,328) - - -
---------- ---------- ---------- -------- --------
Net income (loss) $ 104,272 $ (11,885) $ 53,785 $ 36,972 $ 37,830
========== ========== ========== ======== ========
Weighted average common
shares assuming no dilution 76,198 75,900 71,778 71,160 71,152
========== ========== ========== ======== ========
Per common share:
Income before extraordinary items
and accounting changes $1.37 $ .24 $ .76 $.52 $.54
Extraordinary items, net of tax - - (.01) - (.01)
Accounting changes, net of tax - (.40) - - -
---------- ---------- ---------- -------- --------
Net income (loss) $1.37 $(.16) $ .75 $.52 $.53
========== ========== ========== ======== ========
Dividends paid $.14 $ .06 $ - $ - $ -
========== ========== ========== ======== ========
Balance sheet data:
Working capital $ 189,358 $ 142,996 $ 96,232 $ 64,212 $ 50,152
Total assets 739,215 583,285 522,164 474,233 407,467
Short-term debt, including current
maturities of long-term debt 18,303 21,369 16,965 41,089 23,859
Long-term debt, less current maturities 9,410 3,429 2,360 46,906 48,339
---------- ---------- ---------- -------- --------
Total debt 27,713 24,798 19,325 87,995 72,198
Shareholders' equity 433,232 324,912 335,380 238,000 198,775
*Includes a $57.0 million charge related primarily to the write-off of goodwill
at the Transportation Vehicles segment (Holiday Rambler).
**During 1993, the Company adopted accounting standards related to
postretirement health care benefits and income taxes.
23
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amendment to be signed on its behalf by the
undersigned thereunto duly authorized.
HARLEY-DAVIDSON, INC.
Date: April 13, 1995 By: /s/James L. Ziemer
-------------- ---------------------------------
James L. Ziemer
Vice President and Chief Financial Officer