POLARIS INC. PII Cash Flow

Polaris inc. (PII)

CashFlow / TTM

Mar'20	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities:
Net income
0	316,403	323,544	327,943	335,257	275,257	261,616	231,117	172,492	203,599	154,023	163,148	212,948	261,049	383,910	413,687	455,361	480,076	465,729	461,691	454,029	427,312	399,630	382,729	377,292	356,676	337,877	327,696	312,310	288,145	261,437	240,343	227,575	218,198	197,782	174,677	147,138	0	0	0
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation and amortization
0	228,129	224,398	212,716	211,036	208,913	198,568	199,290	191,108	183,714	180,527	174,156	167,512	161,139	157,875	152,951	152,138	149,368	143,098	136,519	127,507	118,777	109,602	100,263	92,100	83,455	77,182	73,679	70,580	67,187	64,072	64,415	66,390	67,595	69,952	69,264	66,519	0	0	0
Noncash compensation
0	77,306	65,198	64,034	63,966	59,024	51,639	49,750	50,054	49,039	50,961	54,757	57,927	51,424	65,859	60,341	61,929	69,618	69,362	67,492	63,183	58,796	52,123	60,327	57,893	54,760	51,125	38,705	35,420	32,697	29,213	23,024	20,548	19,407	18,404	19,083	18,052	0	0	0
Noncash income from financial services
0	31,602	30,969	30,827	30,130	29,128	28,325	26,942	27,027	27,893	28,616	29,801	30,116	29,949	30,476	30,014	29,405	29,677	27,899	23,896	18,645	12,321	7,102	5,474	4,983	4,860	4,684	4,208	3,899	3,525	3,771	4,009	4,444	4,659	4,553	4,548	4,574	0	0	0
Deferred income taxes
0	18,477	19,241	22,027	23,440	72,146	75,993	71,162	73,614	-20,625	-25,263	-24,406	-26,056	-19,197	-20,712	-21,296	-16,343	-44,753	-43,105	-42,258	-50,388	-6,026	-7,326	-6,984	-5,892	-34,405	-32,029	-28,065	-28,901	-15,819	-13,148	-17,550	-16,946	-18,869	-27,683	-20,756	-16,888	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,654	45,098	57,890	55,558	36,966	32,543	30,692	32,126	28,621	34,329	29,310	28,787	29,892	0	0	0	-	-	-	-	-	-	0	0
Impairment charges
-	-	-	-	24,263	21,716	26,884	25,368	25,395	25,395	18,760	18,760	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
0	2,704	834	2,811	-8,489	-11,056	-8,097	-9,199	3,401	6,274	13,057	13,304	13,462	14,113	7,072	5,770	6,802	7,941	7,632	8,318	6,124	8,684	8,279	7,898	7,414	1,808	1,177	591	179	0	0	0	-	-	-	-	1,376	0	0	0
Changes in operating assets and liabilities:
Tax effect of share-based compensation exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Trade receivables
0	1,936	11,581	6,101	-20,686	17,608	24,108	2,849	17,064	4,103	344	30,795	-2,030	-31,784	-13,021	-56,246	-48,798	31,953	26,552	33,462	24,174	-1,135	-17,141	7,625	54,055	2,026	-4,130	-15,130	-2,413	25,824	-765	15,949	23,115	8,707	36,550	28,235	-1,111	0	0	0
Inventories
0	252,733	162,130	193,851	149,701	144,566	114,198	113,859	26,958	-62,182	-24,973	-48,679	-111,999	69,753	-16,242	68,291	148,725	102,525	159,515	161,329	158,476	126,666	122,611	88,362	52,049	20,227	41,122	49,677	36,029	63,411	71,722	57,827	49,973	52,623	52,238	61,006	56,612	0	0	0
Accounts payable
0	147,400	25,230	42,078	-984	22,160	9,775	14,563	39,516	39,803	-32,715	20,334	-62,693	-75,395	46,269	-15,598	-46,095	38,569	10,351	45,623	105,783	59,638	48,973	24,904	51,519	33,979	26,961	32,261	21,371	35,514	39,900	44,108	27,232	48,400	44,154	42,091	37,580	0	0	0
Accrued expenses
0	80,843	61,813	7,192	7,170	15,228	52,458	66,019	94,557	81,003	146,757	129,911	145,261	140,768	59,861	37,179	9,182	44,146	38,490	52,775	30,664	32,746	83,788	52,159	53,278	60,391	24,600	50,682	39,269	52,974	9,418	41,467	80,668	82,575	113,875	98,986	107,363	0	0	0
Income taxes payable/receivable
0	-13,525	6,455	-6,937	-4,490	-10,211	2,511	41,958	23,410	60,617	10,203	-27,102	-1,997	-54,914	9,459	-12,184	-247	88,603	70,409	43,253	45,324	-17,824	6,776	47,247	33,398	77,267	43,681	41,520	51,120	30,023	29,587	17,361	-1,343	14,938	1,425	18,435	7,033	0	0	0
Prepaid expenses and others, net
0	18,466	11,232	4,514	14,912	19,424	17,202	11,188	17,090	-3,644	4,357	9,718	-2,929	6,835	7,984	-3,401	18,510	11,478	1,844	10,420	14,695	13,928	35,807	42,608	31,919	32,837	18,337	4,981	17,831	11,586	3,077	11,280	1,075	3,672	4,926	238	-956	0	0	0
Net cash provided by operating activities
0	559,105	514,815	442,101	477,112	442,451	487,514	535,190	585,408	660,479	504,388	497,649	589,628	402,473	698,605	575,014	440,231	612,837	488,266	488,748	529,270	491,510	519,639	489,213	492,240	542,787	441,251	464,546	416,110	358,939	319,131	297,084	302,530	338,785	302,409	298,597	297,619	0	0	0
Investing Activities:
Purchase of property and equipment
0	256,987	258,048	240,056	225,414	215,504	207,154	201,555	184,388	180,424	173,312	192,695	209,137	255,847	278,450	273,534	249,485	207,604	192,135	196,160	205,079	205,524	259,288	250,991	251,401	229,629	155,212	122,239	103,083	87,814	85,474	86,473	84,484	83,152	75,394	66,560	55,718	0	0	0
Investment in finance affiliate, net
0	22,793	12,504	12,345	12,289	46,253	35,579	38,673	25,230	-5,366	7,886	1,508	8,641	16,091	18,296	16,175	23,087	18,835	23,467	32,250	32,582	12,862	17,153	21,536	19,251	13,519	16,532	15,566	18,400	18,672	14,303	13,645	12,588	0	0	0	-	-	-	-
Investment in other affiliates, net
-	-	-	-	1,113	-13,851	-8,555	-12,252	625	11,844	6,548	8,881	11,595	9,372	14,659	12,207	17,848	19,466	18,337	22,494	12,445	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-1,645	667,230	667,230	667,231	723,705	69,006	69,006	96,025	41,195	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,738	0	0	0
Net cash used for investing activities
0	-280,810	-1,001,507	-985,373	-959,492	-920,329	-176,676	-170,473	-151,096	-810,312	-811,156	-826,495	-909,258	-307,789	-337,884	-355,414	-289,088	-252,401	-240,435	-247,580	-246,782	-239,054	-292,951	-408,560	-406,685	-418,214	-353,810	-179,374	-163,052	-129,982	-116,273	-144,191	-141,145	-112,485	-95,149	-55,744	-42,118	0	0	0
Financing Activities:
Borrowings under debt arrangements / finance lease obligations
0	3,361,767	3,830,123	3,869,036	3,553,237	3,409,050	2,766,432	2,403,092	2,186,939	3,088,442	2,961,802	3,139,553	3,232,137	2,243,029	2,352,064	2,384,575	2,631,067	2,380,381	2,175,668	2,310,943	2,146,457	2,696,373	2,227,681	1,429,388	776,669	1,887	1,901	1,237	2,437	0	0	0	-	-	-	-	-	-	-	-
Repayments under debt arrangements / finance lease obligations
0	3,440,460	3,122,139	2,871,653	2,579,495	2,541,927	2,721,466	2,555,429	2,421,473	2,607,691	2,365,293	2,492,696	2,552,760	2,121,085	2,280,719	2,166,624	2,385,480	2,284,876	2,134,475	2,318,006	2,228,587	2,598,134	1,992,829	1,230,629	597,492	8,121	7,929	7,462	7,478	0	0	0	-	-	-	-	-	-	-	-
Repurchase and retirement of common shares
0	108,729	162,833	339,876	348,663	248,515	217,206	83,641	90,461	180,312	167,562	182,674	245,816	200,202	279,753	292,298	293,616	325,637	235,606	167,835	81,812	502,096	502,109	504,590	530,033	100,454	110,760	147,341	127,525	128,888	148,150	107,279	132,372	62,462	32,944	31,284	27,486	0	0	0
Cash dividends to shareholders
0	148,006	147,768	148,336	149,032	149,248	148,505	146,835	145,423	143,527	142,365	141,290	140,336	140,209	139,807	139,601	139,285	136,712	133,554	130,303	126,908	122,244	119,650	116,779	113,722	112,007	108,272	104,868	101,534	91,447	81,659	71,598	61,585	59,652	57,429	55,262	53,043	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,654	45,098	57,890	55,558	36,966	32,543	30,692	32,126	28,621	34,329	29,310	28,787	29,892	0	0	0	-	-	-	-	10,610	0	0	0
Tax effect of proceeds from share-based compensation exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from stock issuances under employee plans
0	8,378	10,136	38,666	47,371	75,670	79,159	50,322	42,738	16,265	12,959	13,024	17,690	21,514	19,160	22,512	32,535	35,015	43,452	40,958	31,313	32,058	29,697	31,292	26,922	34,072	37,225	40,162	41,696	43,107	37,261	43,178	45,654	52,457	61,201	54,985	68,105	0	0	0
Net cash (used for) provided by financing activities
0	-327,050	407,519	547,837	523,418	545,030	-241,586	-332,491	-427,680	175,347	303,119	339,495	314,493	-195,192	-327,264	-184,258	-120,125	-286,731	-226,625	-208,685	-222,571	-461,500	-326,518	-359,192	-409,035	-150,294	-158,525	-189,485	-162,512	-151,897	-170,659	-210,327	-227,516	-153,188	-113,075	-22,497	-1,814	0	0	0
Impact of currency exchange rates on cash balances
0	-6,718	-3,272	-12,386	-9,530	-5,685	-3,505	7,669	9,816	4,526	1,233	-4,960	-5,042	-2,060	-5,643	-584	-13,269	-17,459	-21,427	-23,267	-14,565	-9,742	1,196	-422	-1,287	627	-536	-826	1,133	91	-5,079	-2,598	-2,460	0	0	0	-	-	-	-
Noncash Activity:
Leased assets obtained for operating lease liabilities
0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment obtained through capital leases and notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,500	14,500	14,500	14,500	24,908	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Cash Flow Information:
Interest paid on debt borrowings
0	81,529	75,549	66,388	51,014	42,134	32,431	32,465	30,884	29,070	24,762	20,899	15,833	13,217	12,108	11,403	11,451	11,401	11,284	11,425	11,259	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
0	82,735	68,258	75,092	73,999	87,068	71,657	44,412	46,308	43,428	87,098	123,931	126,799	185,681	192,811	238,453	244,328	223,278	238,461	263,976	261,550	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
0	-55,473	-82,445	-7,821	31,508	61,467	65,747	39,895	16,448	30,040	-2,416	5,689	-10,179	-102,568	27,814	34,758	17,749	56,246	-221	9,216	45,352	-218,786	-98,634	-278,961	-324,767	-25,094	-71,620	94,861	91,679	77,151	27,120	-60,032	-68,591	71,236	95,902	221,526	253,687	0	0	0