Polaris Inc. (PII)

Polaris Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-445.3	-464.8	111.2	502.7	603.4	496.6
Depreciation & Amortization	276.3	286.5	286.3	258.9	232.8	216.4
Stock-Based Compensation	68	59.9	49.2	57.4	62.9	60.6
Other Adjustments	12.7	307	-110.9	-129.1	-64.5	49.4
Change in Receivables	-36.2	-34.1	103.4	49	-122.6	1.8
Changes in Inventories	9.4	183.6	39.5	115.1	-391.1	-490.1
Changes in Accounts Payable	85.8	196.7	-141.8	-143.8	71.7	31.2
Changes in Accrued Expenses	152.1	137.4	158.8	217.1	131.1	-62.3
Changes in Income Taxes Payable	-0.1	24.3	-11	18.6	18.4	-3.8
Changes in Other Operating Activities	-113.8	44.5	-216.5	-20.1	-33.5	-6.1
Operating Cash Flow	337.6	741	268.2	925.8	508.6	293.7
Operating Cash Flow Growth	-26.10%	176.29%	-71.03%	82.03%	73.17%	-71.17%
Capital Expenditures	-177	-182.9	-261.7	-412.6	-306.6	-282.8
Purchases of Intangible Assets	-	-	-62.7	-	-	-
Purchases of Investments	-20	-	-	-	-	-
Payments for Business Acquisitions	-	-	-	-22.7	42.2	-
Other Investing Activities	37.6	43.4	53.5	-26.7	-54.9	-5.6
Investing Cash Flow	-232.8	-139.5	-270.9	-462	-324.6	-303.9
Short-Term Debt Issued	558.6	-	-	-	-	-
Net Short-Term Debt Issued (Repaid)	558.6	-	-	-	-	-
Long-Term Debt Issued	2,452	3,142	3,695	2,770	2,988	2,424
Long-Term Debt Repaid	-2,869	-3,685	-3,529	-2,928	-2,730	-2,073
Net Long-Term Debt Issued (Repaid)	-416.85	-543.6	165.8	-158.2	257.7	351.3
Issuance of Common Stock	4.9	3.7	6	52.8	34.1	156.1
Repurchase of Common Stock	-9.2	-2.4	-82.7	-178.6	-505	-461.6
Net Common Stock Issued (Repurchased)	-4.3	1.3	-76.7	-125.8	-470.9	-305.5
Common Dividends Paid	-151.5	-150.3	-147.7	-147.3	-150	-153.4
Other Financing Activities	-7	-0.4	-0.6	-	-	-
Financing Cash Flow	-129.5	-693	-59.2	-431.3	-363.2	-107.6
Effect of Exchange Rate Changes on Cash and Cash Equivalents	15.8	24.8	-18	10.7	-10.2	-10.6
Net Cash Flow	-8.9	-66.7	-79.9	43.2	-189.4	-128.4
Free Cash Flow	160.6	558.1	6.5	513.2	202	10.9
Free Cash Flow Growth	-71.22%	8486.15%	-98.73%	154.06%	1753.21%	-98.66%
FCF Margin	2.21%	7.80%	0.09%	5.74%	2.35%	0.15%
Free Cash Flow Per Share	2.82	9.81	0.11	8.89	3.36	0.17
Levered Free Cash Flow	218.05	-317.6	131	377.6	428.6	248.5
Unlevered Free Cash Flow	189.46	385.85	83.11	601.13	360.36	-35.1

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q