Polaris Inc. (PII) Financial Statements (2024 and earlier)

Company Profile

Business Address 2100 HIGHWAY 55
MEDINA, MN 55340
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 379 - Miscellaneous Transportation Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments325509635157161138
Cash and cash equivalents325509635157161138
Receivables363245261223234230
Inventory, net of allowances, customer advances and progress billings1,8961,6451,1781,121970784
Inventory1,8961,6451,1781,121970784
Other undisclosed current assets184161134126121101
Total current assets:2,7682,5592,2081,6271,4861,254
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   12 ✕✕
Operating lease, right-of-use asset111165125 ✕✕
Property, plant and equipment1,018975889900843747
Long-term investments and receivables9349591119289
Long-term investments9349591119289
Intangible assets, net (including goodwill)9111,0381,0841,4901,518781
Goodwill386391397660647433
Intangible assets, net (excluding goodwill)524646686830871347
Regulated entity, other noncurrent assets   6452
Deferred income tax assets211164  ✕✕
Other noncurrent assets10798909999104
Other undisclosed noncurrent assets   16119982113
Total noncurrent assets:2,4502,4892,4252,8042,6391,836
TOTAL ASSETS:5,2185,0484,6334,4314,1253,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7441,3151,376996838800
Taxes payable✕✕17226511
Accounts payable848797782450346317
Accrued liabilities897500571540487472
Deferred revenue  4438 ✕✕
Debt55455314433313395
Deferred compensation liability  224215185168168
Deferred revenue and credits✕✕✕✕✕✕19
Other liabilities      
Other undisclosed current liabilities 3194117145848
Total current liabilities:2,3292,2301,8891,5281,1971,130
Noncurrent Liabilities
Long-term debt and lease obligation, including:10141 1,5421618
Long-term debt, excluding current maturities    1,527  
Capital lease obligations✕✕✕✕151618
Finance lease, liability1012  ✕✕
Other undisclosed long-term debt and lease obligation      
Liabilities, other than long-term debt271204181204158151
Accounts payable and accrued liabilities 121314282920
Deferred tax liabilities, net✕✕✕✕4610
Deferred income tax liabilities 56  ✕✕
Liability for uncertainty in income taxes    28  
Other liabilities168186167144123120
Operating lease, liability 87129  ✕✕
Other undisclosed noncurrent liabilities 1,4941,2351,405351,880847
Total noncurrent liabilities:1,7751,5801,5861,7812,0541,016
Total liabilities:4,1043,8103,4763,3093,2512,146
Temporary equity, carrying amount13111214712
Equity
Equity, attributable to parent1,0991,2241,1451,108867932
Common stock111111
Additional paid in capital1,1521,144984893808734
Accumulated other comprehensive loss(88)(77)(58)(73)(63)(46)
Retained earnings34157218287121243
Equity, attributable to noncontrolling interest3200  
Total equity:1,1021,2261,1451,108867932
TOTAL LIABILITIES AND EQUITY:5,2185,0484,6334,4314,1253,090

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,5898,1987,0286,7836,0795,428
Revenue, net✕✕✕✕✕✕5,428
Cost of revenue
(Cost of Goods and Services Sold)		(6,630)(6,256)(5,318)(5,134)(4,577)(4,104)
Gross profit:1,9601,9431,7101,6491,5011,325
Operating expenses(1,203)(1,288)(1,578)(1,246)(1,101)(1,041)
Other undisclosed operating income485480818776
Operating income:805709212484487360
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		29(2)(4)728(2)
Interest and debt expense(72)(44)(67)(78)(57)(32)
Income from continuing operations before equity method investments, income taxes:761663141413459326
Loss from equity method investments    (5)(29)(7)
Other undisclosed loss from continuing operations before income taxes  (37)    
Income from continuing operations before income taxes:761626141408429319
Income tax expense(158)(131)(17)(84)(94)(146)
Income from continuing operations:603494125324335172
Income before gain (loss) on sale of properties:✕✕494125324335172
Other undisclosed net loss (156)     
Net income:448494125324335172
Net income (loss) attributable to noncontrolling interest   (0)0  
Other undisclosed net income (loss) attributable to parent(1)(0)    
Net income attributable to parent:447494125324335172
Preferred stock dividends and other adjustments(1)11(7)5(3)
Net income available to common stockholders, diluted:446495126317340170

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:448494125324335172
Other comprehensive income (loss)(10)(19)14(9)(17)38
Comprehensive income:438475139315318211
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)(0)0  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   0(0)  
Comprehensive income, net of tax, attributable to parent:437475139315318211

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: