Polaris Inc. (PII)

Polaris Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	8,491	8,934	8,589	7,439	6,281	6,783
Revenue Growth (YoY)	-5.52%	4.02%	15.46%	18.43%	-7.39%	11.58%
Cost of Revenue	6,670	6,975	6,630	5,688	4,746	5,134
Gross Profit	1,821	1,960	1,960	1,751	1,536	1,649
Selling, General & Admin	962.1	965.1	836.7	764	725.9	953.1
Research & Development	365.6	374.3	366.7	328.7	288.1	292.9
Other Operating Expenses	-85.5	-80.4	-48.4	-53.8	0.7	-80.9
Operating Expenses	1,242	1,259	1,155	1,039	1,015	1,165
Operating Income	578.8	700.9	804.5	712	521	483.7
Interest Expense / Income	128.6	125	71.7	44.2	66.8	77.6
Other Expense / Income	-32.9	-44.6	127.7	41.8	239.5	-1.8
Pretax Income	483.1	620.5	605.1	626	214.7	407.9
Income Tax	89.9	117.7	158	132.1	89.9	83.9
Net Income	393.2	502.8	447.1	493.9	124.8	324
Net Income Growth	-19.85%	12.46%	-9.48%	295.75%	-61.48%	-3.37%
Shares Outstanding (Basic)	57	57	59	61	62	61
Shares Outstanding (Diluted)	57	58	60	63	63	62
Shares Change	-1.55%	-3.99%	-4.15%	0.16%	0.48%	-2.50%
EPS (Basic)	6.90	8.80	7.54	8.06	2.02	5.27
EPS (Diluted)	6.82	8.71	7.44	7.88	1.99	5.20
EPS Growth	-17.43%	17.07%	-5.58%	295.98%	-61.73%	-0.76%
Free Cash Flow	305.9	513.2	202	10.9	814.3	403.7
Free Cash Flow Per Share	5.38	8.99	3.41	0.18	13.15	6.58
Dividend Per Share	2.610	2.600	2.560	2.520	2.480	2.440
Dividend Growth	1.56%	1.56%	1.59%	1.61%	1.64%	1.67%
Gross Margin	21.45%	21.94%	22.81%	23.54%	24.45%	24.31%
Operating Margin	6.82%	7.84%	9.37%	9.57%	8.29%	7.13%
Profit Margin	4.63%	5.63%	5.21%	6.64%	1.99%	4.78%
Free Cash Flow Margin	3.60%	5.74%	2.35%	0.15%	12.96%	5.95%
Effective Tax Rate	18.61%	18.97%	26.11%	21.10%	41.87%	20.57%
EBITDA	871.7	1,004	909.6	886.6	517.3	720
EBITDA Margin	10.27%	11.24%	10.59%	11.92%	8.24%	10.62%
Depreciation & Amortization	260	258.9	232.8	216.4	235.8	234.5
EBIT	611.7	745.5	676.8	670.2	281.5	485.5
EBIT Margin	7.20%	8.34%	7.88%	9.01%	4.48%	7.16%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).