← Polaris Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $212.9m |
$172.5m
-19.00%
|
$335.3m
+94.36%
|
$324.0m
-3.37%
|
$124.8m
-61.48%
|
$493.9m
+295.75%
|
$447.1m
-9.48%
|
$502.8m
+12.46%
|
$110.8m
-77.96%
|
($465.5m)
-520.13%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $323.9m | $124.9m | $494.3m | $447.6m | $502.7m | $111.2m | ($464.8m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | ($76k) | $100k | $400k | $500k | ($100k) | $400k | $700k | — | |
| Depreciation, Depletion and Amortization | $167.5m | $191.1m | $211.0m | $234.5m | $260.7m | $237.1m | $232.8m | $258.9m | $286.3m | $286.5m | $268.7m | |
| Amortization of Intangible Assets | $16.5m | $25.9m | $32.9m | $40.9m | $36.1m | $34.0m | $18.8m | $17.7m | $21.9m | $23.0m | — | |
| Depreciation | $167.5m | $191.1m | $211.0m | $234.5m | $260.7m | $203.1m | $214.0m | $241.2m | $264.4m | $263.5m | $248.5m | |
| Deferred Income Tax Expense (Benefit) | ($26.1m) | $73.6m | $23.4m | ($9.5m) | ($83.7m) | $15.2m | ($48.9m) | ($86.8m) | ($86.7m) | ($139.1m) | ($124.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $57.9m | $50.1m | $64.0m | $75.0m | $65.3m | $60.6m | $62.9m | $57.4m | $49.2m | $59.9m | $62.0m | |
| Share-based Payment Arrangement, Expense | $47.2m | $47.3m | $51.9m | $69.8m | $54.7m | $50.7m | $50.6m | $42.2m | $33.2m | $48.2m | $62.0m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $379.2m | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | $270.3m | — | $0 | — | — | $52.6m | $53.9m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $80.8m | — | |
| Impairment of Intangible Assets, Finite-lived | — | ($3.7m) | $0 | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | ($108.9m) | — | — | — | ($9.5m) | — | — | |
| Income (Loss) from Equity Method Investments | ($6.9m) | ($6.8m) | ($29.3m) | ($5.1m) | $0 | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | ($13.8m) | ($2.0m) | $28.1m | $6.9m | ($4.2m) | ($2.3m) | $28.6m | $44.5m | ($12.8m) | ($52.6m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($2.0m) | $17.1m | ($20.7m) | ($6.8m) | $56.2m | $200k | $122.6m | ($49.0m) | ($103.4m) | $34.1m | ($67.4m) | |
| Increase (Decrease) in Inventories | ($112.0m) | $27.0m | $149.7m | $149.9m | $44.9m | $503.1m | $391.1m | ($115.1m) | ($39.5m) | ($183.6m) | ($62.0m) | |
| Increase (Decrease) in Accounts Payable | ($62.7m) | $39.5m | ($984k) | $103.8m | $326.6m | $27.1m | $71.7m | ($143.8m) | ($141.8m) | $196.7m | $92.0m | |
| Net Cash Provided by (Used in) Operating Activities | $571.8m |
$580.0m
+1.43%
|
$477.1m
-17.74%
|
$655.0m
+37.29%
|
$1.0b
+55.50%
|
$293.7m
-71.17%
|
$508.6m
+73.17%
|
$925.8m
+82.03%
|
$268.2m
-71.03%
|
$741.0m
+176.29%
|
$247.5m
-66.60%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $209.1m | $184.4m | $225.4m | $251.4m | $213.9m | $298.3m | $306.6m | $412.6m | $261.7m | $182.9m | ($180.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $723.7m | ($1.6m) | $759.8m | $1.8m | $0 | $0 | $42.2m | $22.7m | $0 | $0 | ($117.4m) | |
| Net Cash Provided by (Used in) Investing Activities | ($909.3m) | ($151.1m) | ($959.5m) | ($239.3m) | ($150.7m) | ($303.9m) | ($324.6m) | ($462.0m) | ($270.9m) | ($139.5m) | ($232.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | $2.4b | $3.0b | $2.8b | $3.7b | $3.1b | $3.5b | |
| Payments for Repurchase of Common Stock | $245.8m | $90.5m | $348.7m | $8.4m | $50.3m | $461.6m | $505.0m | $178.6m | $82.7m | $2.4m | — | |
| Payments of Ordinary Dividends, Common Stock | $140.3m | $145.4m | $149.0m | $149.1m | $152.5m | $153.4m | $150.0m | $147.3m | $147.7m | $150.3m | ($152.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $314.5m |
($427.7m)
-235.99%
|
$523.4m
+222.39%
|
($411.8m)
-178.68%
|
($415.4m)
-0.87%
|
($107.6m)
+74.10%
|
($363.2m)
-237.55%
|
($431.3m)
-18.75%
|
($59.2m)
+86.27%
|
($693.0m)
-1070.61%
|
($36.3m)
+94.76%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($10.2m) | $16.4m | $31.5m | $3.2m | $461.2m | ($128.4m) | ($189.4m) | $43.2m | ($79.9m) | ($66.7m) | $318.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($10.2m) | $16.4m | $193.1m | $196.3m | $657.5m | $529.1m | $339.7m | $382.9m | $303.0m | $236.3m | $318.3m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($10.2m) | $16.4m | — | $3.2m | — | — | ($10.2m) | $10.7m | ($18.0m) | $24.8m | $0 | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $15.8m | $30.9m | $51.0m | $77.0m | $67.0m | $44.8m | $71.2m | $120.6m | $141.5m | $125.5m | — | |
| Income Taxes Paid, Net | $126.8m | $46.3m | $74.0m | $87.8m | $65.5m | $124.4m | $194.4m | $187.2m | $123.6m | $47.2m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | — | ($142.6m) | $0 | $0 | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | — | ($13.2m) | $0 | $0 | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | $0 | ($34.8m) | $0 | $0 | $0 | ($327.1m) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | ($36.8m) | $0 | $0 | — | — | — | |
| General and Administrative Expense | $306.4m | $331.2m | $349.8m | $393.9m | $359.2m | $366.0m | $355.9m | $422.8m | $436.5m | $541.8m | — | |
| Goodwill | $421.6m | $433.4m | $647.1m | $659.9m | $397.3m | $391.3m | $386.2m | $394.4m | $393.5m | $348.8m | $53.9m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | $602.9m | $502.8m | $110.8m | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $603.4m | $502.7m | $111.2m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($13.2m) | $0 | $0 | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | ($155.8m) | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $100.3m | $146.3m | $94.0m | $83.9m | $16.5m | $131.4m | $158.0m | $117.7m | $29.6m | ($67.9m) | — | |
| Operating Expenses | $833.8m | $1.0b | $1.1b | $1.2b | $1.6b | $1.3b | $1.2b | $1.3b | $1.3b | $1.8b | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($4.6m) | $1.6m | $9.6m | $3.0m | ($3.7m) | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | $23.4m | $20.1m | — | |
| Stock or Unit Option Plan Expense | $23.9m | $18.4m | $23.4m | $21.8m | $13.8m | $9.8m | $11.4m | $11.5m | $12.0m | $10.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.