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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments635157161138127155138
Cash and cash equivalents635157161138127155138
Receivables261223234230225197208
Inventory, net of allowances, customer advances and progress billings1,1781,121970784747710566
Inventory1,1781,121970784747710566
Other undisclosed current assets1341261211019292186
Total current assets:2,2081,6271,4861,2541,1911,1551,097
Noncurrent Assets
Finance lease, right-of-use asset12 
Operating lease, right-of-use asset125 
Property, plant and equipment889900843747728651555
Long-term investments and receivables591119289949989
Long-term investments591119289949989
Intangible assets, net (including goodwill)1,0841,4901,518781793236224
Goodwill397660647433422131123
Intangible assets, net (excluding goodwill)686830871347371105101
Regulated entity, other noncurrent assets64523  
Other noncurrent assets9099991041068069
Deferred tax assets, net   15323
Other undisclosed noncurrent assets161199821131851418
Total noncurrent assets:2,4252,8042,6391,8361,9091,233978
TOTAL ASSETS:4,6334,4314,1253,0903,1002,3872,075
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,376996838800716592626
Accounts payable782450346317274300343
Accrued liabilities571540487472440286271
Taxes payable2265112711
Deferred revenue38 
Debt144333133958105
Deferred compensation liability215185168168122106102
Deferred revenue and credits1911  
Other undisclosed current liabilities117145848103118118
Total current liabilities:1,8891,5281,1971,130960827851
Noncurrent Liabilities
Long-term debt and lease obligation 1,54216181820247
Long-term debt, excluding current maturities 1,527    224
Capital lease obligations151618182024
Liabilities, other than long-term debt181204158151126111136
Accounts payable and accrued liabilities14282920262311
Deferred tax liabilities, net461091418
Liability for uncertainty in income taxes 28    11
Other liabilities167144123120907497
Other undisclosed noncurrent liabilities1,405351,8808471,121439(34)
Total noncurrent liabilities:1,5861,7812,0541,0161,264570349
Total liabilities:3,4763,3093,2512,1462,2241,3961,200
Temporary equity, carrying amount121471291014
Stockholders' equity
Stockholders' equity attributable to parent1,1451,108867932867981861
Common stock1111111
Additional paid in capital984893808734650596486
Accumulated other comprehensive loss(58)(73)(63)(46)(84)(62)(27)
Retained earnings218287121243300447402
Stockholders' equity attributable to noncontrolling interest00     
Total stockholders' equity:1,1451,108867932867981861
TOTAL LIABILITIES AND EQUITY:4,6334,4314,1253,0903,1002,3872,075

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,0286,7836,0795,4284,5174,7194,541
Revenue, net5,4284,5174,7194,480
Cost of revenue
(Cost of Goods and Services Sold)
(5,318)(5,134)(4,577)(4,104)(3,411)(3,380)(3,160)
Other undisclosed gross profit      (62)
Gross profit:1,7101,6491,5011,3251,1061,3391,319
Operating expenses(1,578)(1,246)(1,101)(1,041)(834)(692)(666)
Other undisclosed operating income80818776786962
Operating income:212484487360350716715
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(4)728(2)(14)(12)(0)
Interest and debt expense(67)(78)(57)(32)(16)(11)(11)
Income from continuing operations before equity method investments, income taxes:141413459326320693703
Loss from equity method investments (5)(29)(7)(7)(7)(4)
Income from continuing operations before income taxes:141408429319313686699
Income tax expense(17)(84)(94)(146)(100)(230)(245)
Net income:125324335172213455454
Net income (loss) attributable to noncontrolling interest(0)0     
Net income attributable to parent:125324335172213455454
Preferred stock dividends and other adjustments1(7)5(3)14(5)
Net income available to common stockholders, diluted:126317340170214459449

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:125324335172213455454
Other comprehensive income (loss)14(9)(17)38(21)(35)(46)
Comprehensive income:139315318211192420408
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)     
Comprehensive income, net of tax, attributable to parent:139315318211192420408

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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