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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15716113812715513892
Cash and cash equivalents15716113812715513892
Receivables223234230225197208186
Inventory, net of allowances, customer advances and progress billings1,121970784747710566418
Inventory1,121970784747710566418
Prepaid expense and other current assets64
Income taxes receivable12
Other undisclosed current assets126121101929218693
Total current assets:1,6271,4861,2541,1911,1551,097866
Noncurrent Assets
Property, plant and equipment900843747728651555455
Long-term investments and receivables1119289949989 
Long-term investments1119289949989 
Intangible assets, net (including goodwill)1,4901,518781793236224230
Goodwill660647433422131123127
Intangible assets, net (excluding goodwill)830871347371105101103
Regulated entity, other noncurrent assets4523   
Other noncurrent assets99991041068069 
Prepaid expense and other noncurrent assets31
Deferred tax assets, net   15323(6)
Other undisclosed noncurrent assets199821131851418110
Total noncurrent assets:2,8042,6391,8361,9091,233978820
TOTAL ASSETS:4,4314,1253,0903,1002,3872,0751,685
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities996838800716592626247
Accounts payable450346317274300343238
Accrued liabilities540487472440286271 
Taxes payable651127119
Debt3331339581053
Deferred compensation liability185168168122106102144
Deferred revenue and credits1911   
Other undisclosed current liabilities145848103118118354
Total current liabilities:1,5281,1971,130960827851748
Noncurrent Liabilities
Long-term debt and lease obligation1,54216181820247284
Long-term debt, excluding current maturities1,527    224281
Capital lease obligations1516181820244
Liabilities, other than long-term debt204158151126111136123
Accounts payable and accrued liabilities282920262311 
Accrued income taxes14
Deferred tax liabilities, net46109141825
Liability for uncertainty in income taxes28    1114
Other liabilities14412312090749770
Other undisclosed noncurrent liabilities351,8808471,121439(34)(14)
Total noncurrent liabilities:1,7812,0541,0161,264570349393
Total liabilities:3,3093,2512,1462,2241,3961,2001,141
Temporary equity, carrying amount1471291014 
Stockholders' equity
Stockholders' equity attributable to parent1,108867932867981861536
Common stock1111111
Additional paid in capital893808734650596486361
Accumulated other comprehensive income (loss)(73)(63)(46)(84)(62)(27)19
Retained earnings287121243300447402156
Stockholders' equity attributable to noncontrolling interest0      
Other undisclosed stockholders' equity      8
Total stockholders' equity:1,108867932867981861544
TOTAL LIABILITIES AND EQUITY:4,4314,1253,0903,1002,3872,0751,685

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,7836,0795,4284,5174,7194,5413,823
Revenue, net5,4284,5174,7194,4803,777
Cost of revenue
(Cost of Goods and Services Sold)
(5,134)(4,577)(4,104)(3,411)(3,380)(3,160)(2,656)
Other undisclosed gross profit     (62)(46)
Gross profit:1,6491,5011,3251,1061,3391,3191,121
Operating expenses(1,246)(1,101)(1,041)(834)(692)(666)(589)
Other undisclosed operating income81877678696246
Operating income:484487360350716715578
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
728(2)(14)(12)(0)5
Interest and debt expense(78)(57)(32)(16)(11)(11)(6)
Income from continuing operations before equity method investments, income taxes:413459326320693703577
Loss from equity method investments(5)(29)(7)(7)(7)(4)(2)
Income from continuing operations before income taxes:408429319313686699574
Income tax expense(84)(94)(146)(100)(230)(245)(193)
Net income:324335172213455454381
Net income attributable to noncontrolling interest0      
Other undisclosed net loss attributable to parent      (4)
Net income attributable to parent:324335172213455454377
Preferred stock dividends and other adjustments(7)5(3)14(5)(8)
Net income available to common stockholders, diluted:317340170214459449369

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:324335172213455454381
Other comprehensive income (loss)(9)(17)38(21)(35)(46)7
Comprehensive income:315318211192420408388
Comprehensive income, net of tax, attributable to noncontrolling interest0      
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)     (4)
Comprehensive income, net of tax, attributable to parent:315318211192420408384

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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