Polaris Inc. (PII) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments509635157161138127155
Cash and cash equivalents509635157161138127155
Receivables245261223234230225197
Inventory, net of allowances, customer advances and progress billings1,6451,1781,121970784747710
Inventory1,6451,1781,121970784747710
Other undisclosed current assets1611341261211019292
Total current assets:2,5592,2081,6271,4861,2541,1911,155
Noncurrent Assets
Finance lease, right-of-use asset 12 
Operating lease, right-of-use asset165125 
Property, plant and equipment975889900843747728651
Long-term investments and receivables495911192899499
Long-term investments495911192899499
Intangible assets, net (including goodwill)1,0381,0841,4901,518781793236
Goodwill391397660647433422131
Intangible assets, net (excluding goodwill)646686830871347371105
Regulated entity, other noncurrent assets 64523 
Deferred income tax assets164  
Other noncurrent assets9890999910410680
Deferred tax assets, net   153
Other undisclosed noncurrent assets 1611998211318514
Total noncurrent assets:2,4892,4252,8042,6391,8361,9091,233
TOTAL ASSETS:5,0484,6334,4314,1253,0903,1002,387
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3151,376996838800716592
Accounts payable797782450346317274300
Accrued liabilities500571540487472440286
Taxes payable1722651127
Deferred revenue4438 
Debt55314433313395810
Deferred compensation liability224215185168168122106
Deferred revenue and credits1911 
Other undisclosed current liabilities94117145848103118
Total current liabilities:2,2301,8891,5281,1971,130960827
Noncurrent Liabilities
Long-term debt and lease obligation141 1,54216181820
Long-term debt, excluding current maturities  1,527    
Finance lease, liability12  
Capital lease obligations1516181820
Operating lease, liability129  
Liabilities, other than long-term debt204181204158151126111
Accounts payable and accrued liabilities13142829202623
Deferred tax liabilities, net4610914
Deferred income tax liabilities6  
Liability for uncertainty in income taxes  28    
Other liabilities1861671441231209074
Other undisclosed noncurrent liabilities1,2351,405351,8808471,121439
Total noncurrent liabilities:1,5801,5861,7812,0541,0161,264570
Total liabilities:3,8103,4763,3093,2512,1462,2241,396
Temporary equity, carrying amount111214712910
Stockholders' equity
Stockholders' equity attributable to parent1,2241,1451,108867932867981
Common stock1111111
Additional paid in capital1,144984893808734650596
Accumulated other comprehensive loss(77)(58)(73)(63)(46)(84)(62)
Retained earnings157218287121243300447
Stockholders' equity attributable to noncontrolling interest200    
Total stockholders' equity:1,2261,1451,108867932867981
TOTAL LIABILITIES AND EQUITY:5,0484,6334,4314,1253,0903,1002,387

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,1987,0286,7836,0795,4284,5174,719
Revenue, net5,4284,5174,719
Cost of revenue
(Cost of Goods and Services Sold)
(6,256)(5,318)(5,134)(4,577)(4,104)(3,411)(3,380)
Gross profit:1,9431,7101,6491,5011,3251,1061,339
Operating expenses(1,288)(1,578)(1,246)(1,101)(1,041)(834)(692)
Other undisclosed operating income54808187767869
Operating income:709212484487360350716
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)(4)728(2)(14)(12)
Interest and debt expense(44)(67)(78)(57)(32)(16)(11)
Income from continuing operations before equity method investments, income taxes:663141413459326320693
Loss from equity method investments  (5)(29)(7)(7)(7)
Other undisclosed loss from continuing operations before income taxes(37)      
Income from continuing operations before income taxes:626141408429319313686
Income tax expense(131)(17)(84)(94)(146)(100)(230)
Net income:494125324335172213455
Net income (loss) attributable to noncontrolling interest (0)0    
Other undisclosed net loss attributable to parent(0)      
Net income attributable to parent:494125324335172213455
Preferred stock dividends and other adjustments11(7)5(3)14
Net income available to common stockholders, diluted:495126317340170214459

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:494125324335172213455
Other comprehensive income (loss)(19)14(9)(17)38(21)(35)
Comprehensive income:475139315318211192420
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)    
Comprehensive income, net of tax, attributable to parent:475139315318211192420

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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