Reportable Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Information By Industry Segment

Selected segment information is set forth below for the years ended December 31, (in thousands):


	2022		2021		2020
HDMC:
Revenue	$	4,887,672	$	4,504,434	$	3,233,191
Gross profit	1,527,873		1,299,527		853,265
Selling, administrative and engineering expense	851,330		819,979		843,222
Restructuring (benefit) expense	(544)		2,741		119,110
Operating income (loss)	677,087		476,807		(109,067)
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
Operating loss	(85,315)		(68,182)		(77,055)
HDFS:
Financial services revenue	820,625		796,068		790,323
Financial services expense	503,119		380,580		583,623
Restructuring expense	—		674		10,899
Operating income	317,506		414,814		195,801
Operating income	$	909,278	$	823,439	$	9,679

Additional segment information is set forth below as of December 31, (in thousands):


	HDMC		LiveWire		HDFS		Consolidated
2022:
Assets	$	3,254,309	$	351,422	$	7,886,745	$	11,492,476
Depreciation and amortization	$	138,875	$	4,401	$	8,666	$	151,942
Capital expenditures	$	133,191	$	14,081	$	4,397	$	151,669
2021:
Assets	$	3,246,340	$	61,952	$	7,742,763	$	11,051,055
Depreciation and amortization	$	151,251	$	4,718	$	9,216	$	165,185
Capital expenditures	$	106,044	$	9,951	$	4,186	$	120,181
2020:
Assets	$	2,440,775	$	51,740	$	9,518,086	$	12,010,601
Depreciation and amortization	$	173,171	$	3,942	$	8,602	$	185,715
Capital expenditures	$	125,555	$	3,243	$	2,252	$	131,050

Schedule of Segment Information By Geographical Locations

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
HDMC revenue(a):
United States	$	3,253,875	$	2,996,471	$	2,022,389
EMEA	693,073		703,048		583,342
Canada	216,389		182,230		138,216
Japan	175,292		150,138		96,442
Australia and New Zealand	147,551		134,301		107,459
Other countries	401,492		338,246		285,343
	$	4,887,672	$	4,504,434	$	3,233,191
LiveWire revenue(a):
United States	36,256		24,633		21,462
International	10,577		11,173		9,401
	$	46,833	$	35,806	$	30,863
HDFS revenue(a):
United States	$	794,912	$	765,917	$	757,730
Canada	16,276		18,613		20,353
Europe	6,071		7,464		8,300
Other countries	3,366		4,074		3,940
	$	820,625	$	796,068	$	790,323
Long-lived assets(b):
United States	$	611,421	$	595,375	$	644,224
Thailand	72,474		81,927		94,749
Other countries	5,991		6,682		4,811
	78,465		88,609		99,560
	$	689,886	$	683,984	$	743,784

(a)Revenue is attributed to geographic regions based on location of customer.

(b)Long-lived assets include all long-term assets except those specifically excluded under ASC Topic 280, Segment Reporting, such as deferred income taxes and finance receivables.