EX-99.1 2 d335628dex991.htm EX-99.1 EX-99.1

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  

[Omitted]:

         

[Omitted]

         

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 ) 

[Omitted]:

         
  

 

 

     

 

 

     

 

 

  

[Omitted]

         
  

 

 

     

 

 

     

 

 

  

[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  

[Omitted]:

         
  

 

 

     

 

 

     

 

 

  

[Omitted]

         
  

 

 

     

 

 

     

 

 

  

LiveWire revenue(a):

         

United States

      36,256        24,633        21,462  

International

      10,577        11,173        9,401  
  

 

 

     

 

 

     

 

 

  
   $ 46,833      $ 35,806      $ 30,863  
  

 

 

     

 

 

     

 

 

  

[Omitted]:

         
  

 

 

     

 

 

     

 

 

  

[Omitted]

         
  

 

 

     

 

 

     

 

 

  

[Omitted]:

         
  

 

 

     

 

 

     

 

 

  

[Omitted]

         
  

 

 

     

 

 

     

 

 

  

 

(a)

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

 

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