Polaris inc. (PII)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Current assets:
Cash and cash equivalents

424

157

122

96

151

161

183

209

191

138

132

127

137

127

122

146

145

155

225

118

111

137

169

119

101

92

387

217

380

417

412

289

285

325

335

262

345

393

264

166

140

Trade receivables, net

167

190

217

224

206

197

217

190

186

200

184

169

176

174

152

142

124

150

176

151

173

204

153

135

150

186

157

148

129

119

136

134

139

115

108

136

121

89

98

96

90

Inventories, net

1,234

1,121

1,270

1,130

1,148

969

1,019

925

922

783

841

815

800

746

755

692

710

710

674

708

629

565

582

559

482

417

460

428

370

344

410

357

314

298

338

286

244

235

279

222

179

Prepaid expenses and other

112

125

118

112

106

121

105

106

96

101

80

85

81

91

63

64

68

90

74

66

70

71

61

60

59

63

56

47

30

34

43

46

45

33

37

28

20

21

17

22

20

Income taxes receivable

45

32

14

7

25

36

5

10

13

29

9

18

54

50

55

20

28

46

10

15

5

2

20

24

3

12

15

13

9

15

7

9

-

24

9

13

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

111

113

112

114

93

94

93

93

84

84

85

86

80

78

79

77

62

70

68

67

68

59

60

Total current assets

1,985

1,627

1,743

1,570

1,638

1,485

1,531

1,414

1,384

1,253

1,248

1,216

1,250

1,190

1,149

1,065

1,076

1,152

1,271

1,173

1,102

1,096

1,080

993

890

865

1,162

939

1,006

1,017

1,090

916

864

875

891

797

801

808

728

567

491

Land, buildings and improvements

-

-

-

-

-

462

-

-

-

410

-

-

-

386

-

-

-

301

-

-

-

272

-

-

-

228

-

-

-

133

-

-

-

123

-

-

-

118

-

-

118

Equipment and tooling

-

-

-

-

-

1,245

-

-

-

1,137

-

-

-

1,080

-

-

-

995

-

-

-

826

-

-

-

701

-

-

-

557

-

-

-

524

-

-

-

488

-

-

454

Property and equipment, gross

-

-

-

-

-

1,707

-

-

-

1,547

-

-

-

1,466

-

-

-

1,297

-

-

-

1,099

-

-

-

930

-

-

-

691

-

-

-

648

-

-

-

607

-

-

572

Less: accumulated depreciation

-

-

-

-

-

864

-

-

-

800

-

-

-

739

-

-

-

646

-

-

-

544

-

-

-

474

-

-

-

438

-

-

-

434

-

-

-

423

-

-

377

Property and equipment, net

886

899

887

889

868

843

807

762

759

747

735

736

729

727

687

696

675

650

587

569

558

555

538

532

495

455

420

342

274

253

230

223

219

213

198

193

184

184

180

184

194

Investment in finance affiliate

112

110

104

97

99

92

88

92

95

88

70

86

87

94

92

93

99

99

88

87

96

89

-

-

-

69

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

90

93

95

92

88

87

116

115

114

115

191

192

185

188

173

170

165

166

46

40

35

41

25

21

20

18

7

4

24

24

13

12

10

10

10

3

-

-

-

-

-

Goodwill and other intangible assets, net

1,478

1,490

1,494

1,508

1,506

1,517

1,515

765

777

780

784

786

786

792

271

273

278

236

232

235

210

223

224

238

226

229

227

223

105

107

76

76

78

77

59

60

31

31

27

27

25

Operating lease assets

110

110

107

108

112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

100

99

94

96

94

98

88

89

86

104

102

95

96

105

95

95

83

80

83

75

77

68

47

47

45

47

29

26

21

15

-

-

-

3

-

-

-

-

-

-

-

Investments in finance affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

-

33

31

41

Investments in manufacturing affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1

9

10

Total assets

4,763

4,430

4,527

4,364

4,408

4,124

4,148

3,239

3,219

3,089

3,133

3,114

3,135

3,099

2,470

2,395

2,379

2,385

2,310

2,181

2,080

2,074

2,008

1,919

1,764

1,685

1,923

1,610

1,500

1,488

1,471

1,276

1,222

1,228

1,198

1,091

1,057

1,061

972

821

763

Liabilities and Shareholders’ Equity
Current liabilities:
Current portion of long-term borrowings under credit agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

100

-

-

-

Current portion of debt, finance lease obligations and notes payable

166

166

66

66

66

66

66

40

65

47

27

2

2

3

4

4

4

5

4

4

2

2

2

3

3

3

3

3

2

2

2

2

2

2

-

-

-

-

-

-

-

Accounts payable

556

450

584

418

436

346

436

361

366

317

385

352

348

273

308

348

293

299

381

300

304

343

340

289

257

238

280

236

215

169

228

192

182

146

187

148

132

113

138

102

75

Accrued expenses:
Compensation

79

184

169

140

92

167

160

129

85

168

148

116

72

122

112

80

60

106

104

68

56

102

96

64

50

143

129

85

65

139

159

123

109

165

160

138

98

126

92

56

55

Warranties

132

136

137

132

116

121

122

106

116

123

112

108

109

119

130

76

67

56

55

45

48

53

51

44

47

52

48

42

40

47

41

38

40

44

36

31

31

32

29

24

25

Sales promotions and incentives

186

189

198

182

181

167

187

184

174

162

192

176

179

158

162

138

147

141

145

130

136

138

142

129

133

123

120

98

109

107

105

79

84

81

80

74

76

75

83

66

67

Dealer holdback

121

145

136

138

112

125

124

125

107

114

117

116

104

117

116

119

111

123

101

120

107

120

111

102

90

100

94

84

75

86

75

71

60

76

61

67

52

79

55

65

72

Other

230

213

214

212

201

197

179

161

191

186

183

164

165

162

139

103

99

88

83

72

74

79

77

86

77

77

87

72

71

68

84

82

79

68

66

68

56

53

50

41

38

Current operating lease liabilities

36

34

34

35

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

3

5

4

6

5

4

8

5

6

10

27

9

2

2

11

9

9

6

34

9

19

11

3

4

27

9

43

16

18

4

3

1

0

0

1

2

12

2

4

4

6

Current liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

-

5

-

-

-

-

1

1

1

-

1

1

1

Total current liabilities

1,513

1,528

1,546

1,332

1,248

1,197

1,285

1,115

1,114

1,130

1,195

1,048

986

959

986

881

794

826

909

751

750

850

825

725

687

748

816

639

599

631

700

592

560

586

595

533

561

584

455

362

343

Long-term income taxes payable

25

28

26

28

29

28

26

25

22

20

22

27

26

26

25

23

25

23

15

10

10

10

12

13

13

14

14

8

3

7

6

8

8

7

7

6

5

5

4

5

4

Finance lease obligations

14

14

14

15

15

16

16

17

18

18

18

18

17

17

19

19

20

19

34

35

35

23

25

27

28

3

3

4

3

4

4

4

5

4

-

-

-

-

-

-

-

Long-term debt

1,982

1,512

1,702

1,815

2,018

1,879

1,781

1,055

945

846

873

1,046

1,157

1,120

412

444

507

436

276

363

291

200

200

337

300

280

100

100

100

100

100

100

100

100

100

100

100

100

200

200

200

Deferred tax liabilities

3

4

4

5

5

6

7

8

10

10

9

9

9

9

12

12

13

13

15

16

15

18

21

22

24

25

-

-

-

2

-

-

-

-

-

-

0

0

14

13

11

Long-term operating lease liabilities

75

77

76

75

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

141

143

131

128

122

122

122

127

123

120

107

100

94

90

77

78

76

74

105

102

101

96

85

86

85

69

56

51

62

53

-

-

-

29

-

-

-

-

-

-

-

Total liabilities

3,755

3,308

3,502

3,401

3,520

3,251

3,240

2,349

2,234

2,146

2,225

2,250

2,290

2,223

1,532

1,460

1,436

1,394

1,357

1,280

1,203

1,200

1,169

1,212

1,138

1,141

991

802

769

797

812

706

673

727

702

639

667

690

674

581

559

Deferred compensation

6

13

11

10

8

6

9

12

11

11

11

10

9

8

9

11

12

9

14

16

14

13

16

12

-

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Temporary Equity, Redemption Value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders’ equity:
Preferred stock $0.01 par value per share, 20,000 shares authorized, no shares issued and outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock $0.01 par value per share, 160,000 shares authorized, 61,169 and 60,890 shares issued and outstanding, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

898

892

867

844

820

807

799

791

755

733

688

679

664

650

639

626

608

596

583

567

543

486

452

410

390

360

353

321

288

268

233

219

185

165

72

89

64

79

50

24

9

Retained earnings

210

287

228

177

127

121

152

140

246

242

250

227

241

300

354

367

381

447

409

371

373

401

372

265

204

155

560

476

431

409

413

342

350

321

403

350

317

285

241

211

191

Accumulated other comprehensive loss, net

-108

-72

-83

-70

-69

-62

-54

-54

-30

-45

-44

-54

-70

-83

-66

-70

-59

-62

-56

-54

-55

-27

-2

17

20

18

16

8

11

12

11

8

12

12

18

11

7

5

5

2

2

Total shareholders’ equity

1,001

1,108

1,013

951

879

866

898

877

973

931

895

853

835

867

928

924

930

981

937

884

862

861

822

694

615

535

931

807

731

690

659

570

549

500

495

451

389

370

297

239

204

Noncontrolling interest

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

1,001

1,108

1,013

952

879

867

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

4,763

4,430

4,527

4,364

4,408

4,124

4,148

3,239

3,219

3,089

3,133

3,114

3,135

3,099

2,470

2,395

2,379

2,385

2,310

2,181

2,080

2,074

2,008

1,919

1,764

1,685

1,923

1,610

1,500

1,488

1,471

1,276

1,222

1,228

1,198

1,091

1,057

1,061

972

821

763