Polaris Industries Inc. (PII) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments63582154442415712296
Cash and cash equivalents63582154442415712296
Receivables261247209214223232232
Inventory, net of allowances, customer advances and progress billings1,1781,2141,0261,2351,1211,2701,130
Inventory1,1781,2141,0261,2351,1211,2701,130
Other undisclosed current assets13499104112126119113
Total current assets:2,2082,3801,8841,9851,6271,7431,571
Noncurrent Assets
Finance lease, right-of-use asset12      
Operating lease, right-of-use asset125106105    
Property, plant and equipment889865874886900888890
Long-term investments and receivables59457211211110497
Long-term investments59457211211110497
Intangible assets, net (including goodwill)1,0841,0871,0921,4781,4901,4951,509
Goodwill397393390658660655658
Intangible assets, net (excluding goodwill)686694703820830840851
Regulated entity, other noncurrent assets6 74445
Deferred income tax assets 186     
Other noncurrent assets90114101101999597
Other undisclosed noncurrent assets161 178197199199196
Total noncurrent assets:2,4252,4042,4292,7792,8042,7842,793
TOTAL ASSETS:4,6334,7844,3134,7644,4314,5274,364
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3761,3591,0701,1099961,139952
Accounts payable782791546556450585419
Accrued liabilities571530517549540550527
Taxes payable223884656
Deferred revenue383532    
Debt1445425371673336767
Deferred compensation liability21519512779185170140
Other undisclosed current liabilities11710814215814171174
Total current liabilities:1,8892,2391,9081,5131,5281,5461,332
Noncurrent Liabilities
Long-term debt and lease obligation, including: 1,3221,3921,9971,5421,7171,832
Long-term debt, excluding current maturities 1,3081,3771,9831,5271,7021,816
Finance lease, liability 1414    
Capital lease obligations1516
Operating lease, liability 7472    
Other undisclosed long-term debt and lease obligation (74)(72)14 15 
Liabilities, other than long-term debt181247228170204163162
Accounts payable and accrued liabilities14212025282728
Deferred revenue 6357    
Deferred tax liabilities, net3455
Deferred income tax liabilities 4     
Liability for uncertainty in income taxes    28  
Other liabilities167159151141144132128
Other undisclosed noncurrent liabilities1,405111876357675
Total noncurrent liabilities:1,5861,5811,6382,2421,7811,9562,069
Total liabilities:3,4763,8203,5453,7553,3093,5033,402
Temporary equity, carrying amount1216147141211
Stockholders' equity
Stockholders' equity attributable to parent1,1459487531,0021,1081,013952
Common stock1111111
Additional paid in capital984973921898893867845
Accumulated other comprehensive loss(58)(85)(100)(108)(73)(84)(71)
Retained earnings (accumulated deficit)21859(69)211287229178
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:1,1459487531,0021,1081,013952
TOTAL LIABILITIES AND EQUITY:4,6334,7844,3134,7644,4314,5274,364

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues2,1561,9551,5121,4051,7361,7721,779
Cost of revenue
(Cost of Goods and Services Sold)
(1,606)(1,420)(1,179)(1,112)(1,313)(1,335)(1,343)
Gross profit:550535333293423437436
Operating expenses(304)(313)(654)(307)(308)(328)(321)
Other undisclosed operating income17182520212220
Operating income (loss):263239(295)6136130135
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1(3)(1)(1)120
Interest and debt expense(15)(17)(18)(16)(17)(20)(21)
Income (loss) from continuing operations before equity method investments, income taxes:248219(314)(12)121112115
Loss from equity method investments     (4)(0)
Income (loss) from continuing operations before income taxes:248219(314)(12)121108114
Income tax expense (benefit)(49)(52)796(22)(20)(26)
Net income (loss):199167(235)(5)998888
Net income (loss) attributable to noncontrolling interest (0)  (0) 0
Net income (loss) attributable to parent:199167(235)(5)998888
Preferred stock dividends and other adjustments (2)(8)7 (1)(2)
Other undisclosed net income (loss) available to common stockholders, basic1   (7)  
Net income (loss) available to common stockholders, diluted:200165(243)2928786

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):199167(235)(5)998888
Other comprehensive income (loss) 158(35) (13)(1)
Other undisclosed comprehensive income27   12  
Comprehensive income (loss):225182(227)(41)1107687
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)  (0) 0
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 0  0 (0)
Comprehensive income (loss), net of tax, attributable to parent:225182(227)(41)1107687

Statements sources

The financial statements are based on the company's filings with the 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.

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