Polaris Inc. (PII)
NYSE: PII · Real-Time Price · USD
67.08
-1.11 (-1.63%)
Jul 31, 2026, 4:00 PM EDT - Market closed
Polaris Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -259.6 | -464.8 | 111.2 | 502.7 | 603.4 | 496.6 |
Depreciation & Amortization | 268.7 | 286.5 | 286.3 | 258.9 | 232.8 | 216.4 |
Stock-Based Compensation | 62 | 59.9 | 49.2 | 57.4 | 62.9 | 60.6 |
Other Adjustments | -18.2 | 307 | -110.9 | -129.1 | -64.5 | 49.4 |
Change in Receivables | -67.4 | -34.1 | 103.4 | 49 | -122.6 | 1.8 |
Changes in Inventories | -62 | 183.6 | 39.5 | 115.1 | -391.1 | -490.1 |
Changes in Accounts Payable | 92 | 196.7 | -141.8 | -143.8 | 71.7 | 31.2 |
Changes in Accrued Expenses | -16.1 | 137.4 | 158.8 | 217.1 | 131.1 | -62.3 |
Changes in Income Taxes Payable | 15.2 | 24.3 | -11 | 18.6 | 18.4 | -3.8 |
Changes in Other Operating Activities | -42.3 | 44.5 | -216.5 | -20.1 | -33.5 | -6.1 |
Operating Cash Flow | 247.5 | 741 | 268.2 | 925.8 | 508.6 | 293.7 |
Operating Cash Flow Growth | -60.76% | 176.29% | -71.03% | 82.03% | 73.17% | -71.17% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -180.6 | -182.9 | -261.7 | -412.6 | -306.6 | -282.8 |
Purchases of Intangible Assets | - | - | -62.7 | - | - | - |
Purchases of Investments | -20 | - | - | - | - | - |
Cash Acquisitions | - | - | - | -22.7 | 42.2 | - |
Other Investing Activities | 41.2 | 43.4 | 53.5 | -26.7 | -54.9 | -5.6 |
Investing Cash Flow | -232.8 | -139.5 | -270.9 | -462 | -324.6 | -303.9 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | 424.9 | - | - | - | - | - |
Net Short-Term Debt Issued (Repaid) | 424.9 | - | - | - | - | - |
Long-Term Debt Issued | 1,763 | 3,142 | 3,695 | 2,770 | 2,988 | 2,424 |
Long-Term Debt Repaid | -2,053 | -3,685 | -3,529 | -2,928 | -2,730 | -2,073 |
Net Long-Term Debt Issued (Repaid) | -290.1 | -543.6 | 165.8 | -158.2 | 257.7 | 351.3 |
Issuance of Common Stock | 5 | 3.7 | 6 | 52.8 | 34.1 | 156.1 |
Repurchase of Common Stock | -9.3 | -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 | -152.8 | -150.3 | -147.7 | -147.3 | -150 | -153.4 |
Other Financing Activities | -14 | -0.4 | -0.6 | - | - | - |
Financing Cash Flow | -36.3 | -693 | -59.2 | -431.3 | -363.2 | -107.6 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | - | 24.8 | -18 | 10.7 | -10.2 | -10.6 |
Net Cash Flow | -21.6 | -66.7 | -79.9 | 43.2 | -189.4 | -128.4 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 66.9 | 558.1 | 6.5 | 513.2 | 202 | 10.9 |
Free Cash Flow Growth | -84.52% | 8486.15% | -98.73% | 154.06% | 1753.21% | -98.66% |
FCF Margin | 0.90% | 7.80% | 0.09% | 5.74% | 2.35% | 0.15% |
Free Cash Flow Per Share | 1.17 | 9.81 | 0.11 | 8.89 | 3.36 | 0.17 |
Levered Free Cash Flow | 268.1 | -317.6 | 131 | 377.6 | 428.6 | 248.5 |
Unlevered Free Cash Flow | 381.46 | 385.85 | 83.11 | 601.13 | 360.36 | -35.1 |