| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | |||||||||||
6,782 | 6,078 | 5,428 | 4,516 | 4,719 | 4,479 | 3,777 | 3,209 | 2,656 | 1,991 | 1,565 | 1,948 |
Cost of Goods and Services Sold | |||||||||||
5,133 | 4,577 | 4,103 | 3,411 | 3,380 | 3,160 | 2,656 | 2,284 | 1,916 | 1,460 | 1,172 | 1,502 |
Gross Profit | |||||||||||
1,648 | 1,501 | 1,324 | 1,105 | 1,339 | 1,319 | 1,120 | 925 | 740 | 530 | 393 | 445 |
Operating expenses: | |||||||||||
Selling and marketing | |||||||||||
559 | 491 | 471 | 342 | 316 | 314 | 270 | 210 | 178 | 142 | 111 | 137 |
Research and development | |||||||||||
292 | 259 | 238 | 185 | 166 | 148 | 139 | 127 | 105 | 84 | 62 | 77 |
General and administrative | |||||||||||
393 | 349 | 331 | 306 | 209 | 203 | 179 | 143 | 130 | 99 | 71 | 69 |
Total operating expenses | |||||||||||
1,245 | 1,101 | 1,041 | 833 | 692 | 666 | 588 | 480 | 414 | 326 | 245 | 284 |
Income from financial services | |||||||||||
- | - | - | - | 69 | 61 | 45 | 33 | 24 | 16 | 17 | 21 |
Operating income | |||||||||||
483 | 487 | 359 | 350 | 716 | 714 | 577 | 478 | 349 | 220 | 164 | 182 |
Non-operating expense: | |||||||||||
Interest expense | |||||||||||
77 | 56 | 32 | 16 | 11 | 11 | 6 | 5 | 3 | 2 | 4 | 9 |
Gain on securities available for sale | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | -8 | - |
Equity in loss of other affiliates | |||||||||||
-5 | -29 | -6 | -6 | -6 | -4 | -2 | -0 | 0 | - | - | - |
Other income, net | |||||||||||
6 | 28 | -1 | -13 | -12 | -0 | 5 | 7 | 0 | -0 | -0 | 3 |
Income before income taxes | |||||||||||
407 | 429 | 318 | 313 | 685 | 699 | 574 | 479 | 346 | 218 | 151 | 177 |
Provision for income taxes | |||||||||||
83 | 93 | 146 | 100 | 230 | 245 | 193 | 167 | 119 | 71 | 50 | 59 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
323 | 335 | 172 | - | - | - | 381 | 312 | 227 | - | - | - |
Net loss attributable to noncontrolling interest | |||||||||||
-0 | 0 | 0 | - | - | - | -3 | 0 | 0 | - | - | - |
Net income | |||||||||||
323 | 335 | 172 | 212 | 455 | 454 | 377 | 312 | 227 | 147 | 101 | 117 |
Net income per share attributable to Polaris Inc. common shareholders: | |||||||||||
Continuing operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | 5.56 | 4.54 | 3.31 | - | - | - |
Loss from discontinued operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | -0.05 | 0.00 | 0.00 | - | - | - |
Basic net income per share (in dollars per share) | |||||||||||
5.27 | 5.36 | 2.74 | 3.31 | 6.90 | 6.86 | 5.51 | 4.54 | 3.31 | 2.20 | 1.56 | 3.58 |
Continuing operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | 5.40 | 4.40 | 3.20 | - | - | - |
Loss from discontinued operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | -0.05 | 0.00 | 0.00 | - | - | - |
Diluted net income per share (in dollars per share) | |||||||||||
5.20 | 5.24 | 2.69 | 3.27 | 6.75 | 6.65 | 5.35 | 4.40 | 3.20 | 2.14 | 1.53 | 3.50 |
Weighted average shares outstanding: | |||||||||||
Weighted Average Number of Shares Outstanding, Basic | |||||||||||
61 | 62 | 62 | 64 | 66 | 66 | 68 | 68 | 68 | 66 | 64 | 32 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||||
62 | 63 | 64 | 65 | 67 | 68 | 70 | 71 | 71 | 68 | 66 | 33 |
Income from financial services | |||||||||||
Sales | |||||||||||
80 | 87 | 76 | 78 | - | - | - | - | - | - | - | - |