Polaris Inc. (PII)

Polaris Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-151.3	110.8	502.8	447.1	493.9	124.8
Depreciation & Amortization	298.4	286.3	258.9	232.8	216.4	235.8
Loss (Gain) From Sale of Assets	-	-	-	-	34.8	-
Asset Writedown & Restructuring Costs	104.4	9.5	-	-	-	81.1
Loss (Gain) From Sale of Investments	69.4	20	-	-	-	-
Stock-Based Compensation	59.9	49.2	57.4	62.9	60.6	65.3
Other Operating Activities	-133.4	-140	-129.2	91.8	17.3	135.3
Change in Accounts Receivable	-3.4	103.4	49	-122.6	1.8	-64.6
Change in Inventory	307.9	39.5	115.1	-391.1	-490.1	-61.3
Change in Accounts Payable	105.3	-141.8	-143.8	71.7	31.2	324.2
Change in Income Taxes	31.3	-11	18.6	18.4	-3.8	104.4
Change in Other Net Operating Assets	80.1	-57.7	197	123.5	-75.3	16.8
Operating Cash Flow	768.6	268.2	925.8	508.6	293.7	1,019
Operating Cash Flow Growth	25.65%	-71.03%	82.03%	73.17%	-71.17%	55.49%
Capital Expenditures	-187.2	-261.7	-412.6	-306.6	-282.8	-204.3
Cash Acquisitions	-	-	-22.7	-	-	-
Divestitures	-	-	-	42.2	-	-
Sale (Purchase) of Intangibles	-	-62.7	-	-	-	-
Investment in Securities	57.7	53.5	-26.7	-54.9	-5.6	63.2
Other Investing Activities	-	-	-	-5.3	-15.5	-9.6
Investing Cash Flow	-129.5	-270.9	-462	-324.6	-303.9	-150.7
Long-Term Debt Issued	-	3,695	2,770	2,988	2,424	1,366
Long-Term Debt Repaid	-	-3,529	-2,928	-2,730	-2,073	-1,612
Net Debt Issued (Repaid)	-451.9	165.8	-158.2	257.7	351.3	-246.2
Issuance of Common Stock	3.7	6	52.8	34.1	156.1	33.6
Repurchase of Common Stock	-2.8	-82.7	-178.6	-505	-461.6	-50.3
Common Dividends Paid	-150	-147.7	-147.3	-150	-153.4	-152.5
Other Financing Activities	-0.2	-0.6	-	-	-	-
Financing Cash Flow	-601.2	-59.2	-431.3	-363.2	-107.6	-415.4
Foreign Exchange Rate Adjustments	7.2	-18	10.7	-10.2	-10.6	8.7
Net Cash Flow	45.1	-79.9	43.2	-189.4	-128.4	461.2
Free Cash Flow	581.4	6.5	513.2	202	10.9	814.3
Free Cash Flow Growth	82.77%	-98.73%	154.06%	1753.21%	-98.66%	101.71%
Free Cash Flow Margin	8.22%	0.09%	5.69%	2.34%	0.14%	12.80%
Free Cash Flow Per Share	10.25	0.11	8.89	3.36	0.17	13.01
Cash Interest Paid	133.4	141.5	120.6	71.2	44.8	67
Cash Income Tax Paid	49.4	123.6	187.2	194.4	124.4	65.5
Levered Free Cash Flow	653.58	66.3	479.34	170.2	-113.23	706.26
Unlevered Free Cash Flow	737.76	151.93	557.46	215.01	-85.6	748.01
Change in Working Capital	521.2	-67.6	235.9	-300.1	-536.2	319.5

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q