PII: Polaris Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Polaris Inc (PII).
$3.21B Market Cap.
PII Market Cap. (MRY)
PII Shares Outstanding (MRY)
PII Assets (MRY)
Total Assets
$5.53B
Total Liabilities
$4.22B
Total Investments
$136.70M
PII Income (MRY)
Revenue
$7.18B
Net Income
$110.80M
Operating Expense
$1.18B
PII Cash Flow (MRY)
CF Operations
$268.20M
CF Investing
-$270.90M
CF Financing
-$59.20M
PII Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $5,525,200,000 (0.16%) | $5,516,300,000 (5.72%) | $5,217,900,000 (3.37%) | $5,047,800,000 (8.96%) |
Assets Current | $2,632,400,000 (-2.20%) | $2,691,700,000 (-2.74%) | $2,767,600,000 (8.15%) | $2,559,000,000 (15.92%) |
Assets Non-Current | $2,892,800,000 (2.41%) | $2,824,600,000 (15.28%) | $2,450,300,000 (-1.55%) | $2,488,800,000 (2.62%) |
Goodwill & Intangible Assets | $936,200,000 (3.29%) | $906,400,000 (-0.46%) | $910,600,000 (-2.63%) | $935,200,000 (-13.70%) |
Shareholders Equity | $1,289,900,000 (-9.06%) | $1,418,400,000 (29.06%) | $1,099,000,000 (-10.23%) | $1,224,300,000 (6.97%) |
Property Plant & Equipment Net | $1,313,900,000 (-2.34%) | $1,345,400,000 (19.13%) | $1,129,400,000 (10.92%) | $1,018,200,000 (0.39%) |
Cash & Equivalents | $287,800,000 (-21.75%) | $367,800,000 (13.34%) | $324,500,000 (-35.40%) | $502,300,000 (-20.86%) |
Accumulated Other Comprehensive Income | -$125,500,000 (-118.26%) | -$57,500,000 (34.29%) | -$87,500,000 (-13.05%) | -$77,400,000 (-32.53%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $136,700,000 (-3.12%) | $141,100,000 (51.56%) | $93,100,000 (88.84%) | $49,300,000 (-17.00%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $136,700,000 (-3.12%) | $141,100,000 (51.56%) | $93,100,000 (88.84%) | $49,300,000 (-17.00%) |
Inventory | $1,741,500,000 (-3.81%) | $1,810,500,000 (-4.51%) | $1,896,100,000 (25.51%) | $1,510,700,000 (28.29%) |
Trade & Non-Trade Receivables | $192,300,000 (-37.24%) | $306,400,000 (-10.67%) | $343,000,000 (50.50%) | $227,900,000 (-11.39%) |
Trade & Non-Trade Payables | $562,800,000 (-21.08%) | $713,100,000 (-15.87%) | $847,600,000 (9.23%) | $776,000,000 (-0.79%) |
Accumulated Retained Earnings (Deficit) | $148,900,000 (-38.85%) | $243,500,000 (620.41%) | $33,800,000 (-78.51%) | $157,300,000 (-27.98%) |
Tax Assets | $399,700,000 (31.09%) | $304,900,000 (32.11%) | $230,800,000 (38.29%) | $166,900,000 (-8.09%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $35,900,000 (-12.01%) |
Total Debt | $2,072,400,000 (8.59%) | $1,908,400,000 (-7.26%) | $2,057,800,000 (8.80%) | $1,891,400,000 (19.88%) |
Debt Current | $434,300,000 (704.26%) | $54,000,000 (-90.25%) | $553,600,000 (-3.34%) | $572,700,000 (223.93%) |
Debt Non-Current | $1,638,100,000 (-11.66%) | $1,854,400,000 (23.28%) | $1,504,200,000 (14.07%) | $1,318,700,000 (-5.87%) |
Total Liabilities | $4,224,700,000 (3.41%) | $4,085,200,000 (-0.45%) | $4,103,800,000 (7.70%) | $3,810,300,000 (9.63%) |
Liabilities Current | $2,293,200,000 (18.59%) | $1,933,800,000 (-16.95%) | $2,328,600,000 (4.42%) | $2,230,100,000 (18.03%) |
Liabilities Non-Current | $1,931,500,000 (-10.22%) | $2,151,400,000 (21.19%) | $1,775,200,000 (12.34%) | $1,580,200,000 (-0.38%) |
PII Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $7,175,400,000 (-19.69%) | $8,934,400,000 (4.02%) | $8,589,000,000 (15.46%) | $7,439,200,000 (18.43%) |
Cost of Revenue | $5,708,600,000 (-18.15%) | $6,974,500,000 (5.20%) | $6,629,500,000 (16.55%) | $5,688,300,000 (19.86%) |
Selling General & Administrative Expense | $936,900,000 (-2.92%) | $965,100,000 (15.35%) | $836,700,000 (9.52%) | $764,000,000 (5.25%) |
Research & Development Expense | $336,900,000 (-9.99%) | $374,300,000 (2.07%) | $366,700,000 (11.56%) | $328,700,000 (14.09%) |
Operating Expenses | $1,176,200,000 (-6.58%) | $1,259,000,000 (9.00%) | $1,155,000,000 (11.18%) | $1,038,900,000 (2.38%) |
Interest Expense | $137,000,000 (9.60%) | $125,000,000 (74.34%) | $71,700,000 (62.22%) | $44,200,000 (-33.83%) |
Income Tax Expense | $29,600,000 (-74.85%) | $117,700,000 (-25.51%) | $158,000,000 (19.61%) | $132,100,000 (46.94%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $155,800,000 (6673.91%) | $2,300,000 (-99.02%) |
Consolidated Income | $111,200,000 (-77.88%) | $502,700,000 (12.31%) | $447,600,000 (-9.45%) | $494,300,000 (295.76%) |
Net Income to Non-Controlling Interests | $800,000 (500.00%) | -$200,000 (-120.00%) | $1,000,000 (25.00%) | $800,000 (300.00%) |
Net Income | $110,800,000 (-77.96%) | $502,800,000 (12.46%) | $447,100,000 (-9.48%) | $493,900,000 (295.75%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $110,800,000 (-77.96%) | $502,800,000 (12.46%) | $447,100,000 (-9.48%) | $493,900,000 (295.75%) |
Weighted Average Shares | $56,500,000 (-1.05%) | $57,100,000 (-3.71%) | $59,300,000 (-3.26%) | $61,300,000 (-0.97%) |
Weighted Average Shares Diluted | $56,800,000 (-1.56%) | $57,700,000 (-3.99%) | $60,100,000 (-4.15%) | $62,700,000 (0.16%) |
Earning Before Interest & Taxes (EBIT) | $277,400,000 (-62.79%) | $745,500,000 (10.15%) | $676,800,000 (0.98%) | $670,200,000 (138.08%) |
Gross Profit | $1,466,800,000 (-25.16%) | $1,959,900,000 (0.02%) | $1,959,500,000 (11.91%) | $1,750,900,000 (14.01%) |
Operating Income | $290,600,000 (-58.54%) | $700,900,000 (-12.88%) | $804,500,000 (12.99%) | $712,000,000 (36.66%) |
PII Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$270,900,000 (41.36%) | -$462,000,000 (-42.33%) | -$324,600,000 (-6.81%) | -$303,900,000 (-101.66%) |
Net Cash Flow from Financing | -$59,200,000 (86.27%) | -$431,300,000 (-18.75%) | -$363,200,000 (-237.55%) | -$107,600,000 (74.10%) |
Net Cash Flow from Operations | $268,200,000 (-71.03%) | $925,800,000 (82.03%) | $508,600,000 (73.17%) | $293,700,000 (-71.17%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$79,900,000 (-284.95%) | $43,200,000 (122.81%) | -$189,400,000 (-47.51%) | -$128,400,000 (-127.84%) |
Net Cash Flow - Business Acquisitions and Disposals | -$9,200,000 (81.38%) | -$49,400,000 (-288.98%) | -$12,700,000 (-126.79%) | -$5,600,000 (-108.86%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$261,700,000 (36.57%) | -$412,600,000 (-34.57%) | -$306,600,000 (-8.42%) | -$282,800,000 (-38.42%) |
Issuance (Repayment) of Debt Securities | $165,800,000 (204.80%) | -$158,200,000 (-161.39%) | $257,700,000 (-26.64%) | $351,300,000 (242.69%) |
Issuance (Purchase) of Equity Shares | -$76,700,000 (39.03%) | -$125,800,000 (73.29%) | -$470,900,000 (-54.14%) | -$305,500,000 (-1729.34%) |
Payment of Dividends & Other Cash Distributions | -$147,700,000 (-0.27%) | -$147,300,000 (1.80%) | -$150,000,000 (2.22%) | -$153,400,000 (-0.59%) |
Effect of Exchange Rate Changes on Cash | -$18,000,000 (-268.22%) | $10,700,000 (204.90%) | -$10,200,000 (3.77%) | -$10,600,000 (-221.84%) |
Share Based Compensation | $49,200,000 (-14.29%) | $57,400,000 (-8.74%) | $62,900,000 (3.80%) | $60,600,000 (-7.20%) |
Depreciation Amortization & Accretion | $286,300,000 (10.58%) | $258,900,000 (11.21%) | $232,800,000 (7.58%) | $216,400,000 (-8.23%) |
PII Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 20.40% (-6.85%) | 21.90% (-3.95%) | 22.80% (-2.98%) | 23.50% (-3.69%) |
Profit Margin | 1.50% (-73.21%) | 5.60% (7.69%) | 5.20% (-21.21%) | 6.60% (230.00%) |
EBITDA Margin | 7.90% (-29.46%) | 11.20% (5.66%) | 10.60% (-10.92%) | 11.90% (45.12%) |
Return on Average Equity (ROAE) | 8.30% (-78.77%) | 39.10% (-5.78%) | 41.50% (-3.04%) | 42.80% (229.23%) |
Return on Average Assets (ROAA) | 2.00% (-78.02%) | 9.10% (5.81%) | 8.60% (-17.31%) | 10.40% (285.19%) |
Return on Sales (ROS) | 3.90% (-53.01%) | 8.30% (5.06%) | 7.90% (-12.22%) | 9.00% (100.00%) |
Return on Invested Capital (ROIC) | 6.30% (-65.57%) | 18.30% (1.67%) | 18.00% (-18.55%) | 22.10% (127.84%) |
Dividend Yield | 4.60% (70.37%) | 2.70% (8.00%) | 2.50% (8.70%) | 2.30% (-11.54%) |
Price to Earnings Ratio (P/E) | 29.4 (172.99%) | 10.77 (-19.60%) | 13.39 (-1.77%) | 13.64 (-71.09%) |
Price to Sales Ratio (P/S) | 0.45 (-25.08%) | 0.61 (-13.06%) | 0.7 (-23.07%) | 0.91 (-3.51%) |
Price to Book Ratio (P/B) | 2.49 (-33.98%) | 3.77 (-29.16%) | 5.33 (-2.24%) | 5.45 (6.05%) |
Debt to Equity Ratio (D/E) | 3.27 (13.72%) | 2.88 (-22.87%) | 3.73 (19.99%) | 3.11 (2.47%) |
Earnings Per Share (EPS) | 1.96 (-77.73%) | 8.8 (16.71%) | 7.54 (-6.45%) | 8.06 (299.01%) |
Sales Per Share (SPS) | 127 (-18.84%) | 156.47 (8.03%) | 144.84 (19.35%) | 121.36 (19.59%) |
Free Cash Flow Per Share (FCFPS) | 0.12 (-98.72%) | 8.99 (163.89%) | 3.41 (1813.48%) | 0.18 (-98.65%) |
Book Value Per Share (BVPS) | 22.83 (-8.10%) | 24.84 (34.04%) | 18.53 (-7.21%) | 19.97 (8.02%) |
Tangible Assets Book Value Per Share (TABVPS) | 81.22 (0.60%) | 80.73 (11.15%) | 72.64 (8.27%) | 67.09 (17.02%) |
Enterprise Value Over EBIT (EV/EBIT) | 18 (80.00%) | 10 (-9.09%) | 11 (-8.33%) | 12 (-52.00%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 9.05 (25.12%) | 7.23 (-15.37%) | 8.55 (-5.79%) | 9.07 (-33.24%) |
Asset Turnover | 1.28 (-21.18%) | 1.62 (-2.23%) | 1.66 (5.80%) | 1.57 (15.53%) |
Current Ratio | 1.15 (-17.53%) | 1.39 (17.07%) | 1.19 (3.66%) | 1.15 (-1.80%) |
Dividends | $2.64 (1.54%) | $2.6 (1.56%) | $2.56 (1.59%) | $2.52 (1.61%) |
Free Cash Flow (FCF) | $6,500,000 (-98.73%) | $513,200,000 (154.06%) | $202,000,000 (1753.21%) | $10,900,000 (-98.66%) |
Enterprise Value (EV) | $5,102,185,147 (-29.78%) | $7,266,118,063 (-6.55%) | $7,775,109,914 (-3.34%) | $8,043,832,352 (14.42%) |
Earnings Before Tax (EBT) | $140,400,000 (-77.37%) | $620,500,000 (2.55%) | $605,100,000 (-3.34%) | $626,000,000 (191.57%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $563,700,000 (-43.88%) | $1,004,400,000 (10.42%) | $909,600,000 (2.59%) | $886,600,000 (71.39%) |
Invested Capital | $4,080,400,000 (-3.23%) | $4,216,700,000 (13.60%) | $3,712,000,000 (13.46%) | $3,271,600,000 (25.71%) |
Working Capital | $339,200,000 (-55.24%) | $757,900,000 (72.64%) | $439,000,000 (33.48%) | $328,900,000 (3.40%) |
Tangible Asset Value | $4,589,000,000 (-0.45%) | $4,609,900,000 (7.03%) | $4,307,300,000 (4.73%) | $4,112,600,000 (15.88%) |
Market Capitalization | $3,213,485,147 (-39.96%) | $5,351,918,063 (-8.57%) | $5,853,809,914 (-12.23%) | $6,669,532,352 (13.45%) |
Average Equity | $1,336,900,000 (3.84%) | $1,287,425,000 (19.60%) | $1,076,475,000 (-6.72%) | $1,154,025,000 (20.00%) |
Average Assets | $5,607,800,000 (1.92%) | $5,502,200,000 (6.43%) | $5,169,775,000 (9.08%) | $4,739,250,000 (2.51%) |
Invested Capital Average | $4,384,750,000 (7.90%) | $4,063,675,000 (8.27%) | $3,753,125,000 (23.72%) | $3,033,575,000 (4.25%) |
Shares | 55,770,308 (-1.24%) | 56,472,703 (-2.56%) | 57,958,514 (-4.49%) | 60,681,761 (-1.65%) |
