POLARIS INC. PII Income Statement

Polaris inc. (PII)

Income statement / Quarterly

Mar'20	Dec'19	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	Sep'09	Jun'09
Sales
1,405,200	1,735,856	1,771,647	1,779,315	1,495,700	1,627,120	1,651,415	1,502,532	1,297,473	1,431,049	1,478,726	1,364,920	1,153,782	1,217,789	1,185,067	1,130,777	982,996	1,105,618	1,456,000	1,124,327	1,033,345	1,275,000	1,302,343	1,013,959	888,346	1,083,710	1,102,649	844,800	745,909	900,647	879,939	755,446	673,750	781,969	729,861	607,921	537,198	618,442	580,082	430,907	361,708	436,197	345,896
Cost of Goods and Services Sold
1,112,300	1,312,564	1,335,105	1,342,867	1,143,200	1,235,847	1,250,145	1,117,356	973,992	1,063,237	1,114,764	1,014,534	911,291	905,017	924,297	846,274	735,418	795,344	1,040,377	804,913	739,614	907,427	914,069	709,045	629,929	766,602	767,864	592,462	529,261	646,847	620,154	538,697	478,787	577,661	523,025	430,317	385,363	446,926	429,383	317,823	266,794	331,286	262,632
Gross Profit
292,900	423,292	436,542	436,448	352,500	391,273	401,270	385,176	323,481	367,812	363,962	350,386	242,491	312,772	260,770	284,503	247,578	310,274	415,623	319,414	293,731	367,573	388,274	304,914	258,417	317,108	334,785	252,338	216,648	253,800	259,785	216,749	194,963	204,308	206,836	177,604	151,835	171,516	150,699	113,084	94,914	104,911	83,264
Operating expenses:
Selling and marketing
150,200	139,445	149,759	140,603	129,300	122,278	128,929	122,859	117,707	116,319	122,642	118,531	114,313	97,423	89,751	77,820	77,241	76,159	91,169	79,656	69,685	87,134	87,567	74,178	65,570	74,725	78,810	62,238	54,493	57,468	57,211	50,555	45,133	48,985	49,074	43,453	37,213	39,973	38,118	34,164	30,098	27,338	28,702
Research and development
78,400	72,119	77,337	76,379	67,100	61,941	64,181	68,330	65,230	62,412	63,129	60,753	52,005	48,870	47,568	45,579	43,109	41,734	44,432	41,431	38,863	37,375	38,586	36,984	35,513	36,129	37,010	34,604	31,450	33,327	32,352	31,216	30,466	31,383	25,750	25,499	22,999	25,433	22,257	18,512	18,738	15,305	15,222
General and administrative
78,500	96,146	100,794	104,090	92,900	87,557	90,639	92,874	78,693	85,198	79,421	91,063	75,514	87,039	85,257	64,566	69,580	51,179	56,411	51,948	49,539	52,418	56,596	52,942	41,292	49,810	49,343	41,444	38,810	38,423	36,882	32,759	35,000	37,763	28,049	37,257	27,326	32,183	26,764	21,710	18,398	20,545	16,235
Total operating expenses
307,100	307,710	327,890	321,072	289,300	271,776	283,749	284,063	261,630	263,929	265,192	270,347	241,832	233,332	222,576	187,965	189,930	169,072	192,012	173,035	158,087	176,927	182,749	164,104	142,375	160,664	165,163	138,286	124,753	129,218	126,445	114,530	110,599	118,131	102,873	106,209	87,538	97,589	87,139	74,386	67,234	63,188	60,159
Income from financial services
-	-	-	-	-	-	-	-	-	-	-	19,143	20,430	-	19,195	20,464	19,496	17,958	19,065	17,638	14,642	19,354	17,048	14,625	10,640	12,654	11,671	11,502	10,074	10,295	8,227	8,215	7,183	6,953	6,327	5,526	5,286	4,219	4,136	4,245	4,256	3,922	3,966
Operating income
5,500	136,395	130,254	135,122	81,900	142,810	138,869	122,457	83,276	122,478	116,908	99,182	21,089	98,743	57,389	117,002	77,144	159,160	242,676	164,017	150,286	210,000	222,573	155,435	126,682	169,098	181,293	125,554	101,969	134,877	141,567	110,434	91,547	93,130	110,290	76,921	69,583	78,146	67,696	42,943	31,936	45,645	27,071
Non-operating expense:
Interest expense
16,200	16,836	19,733	20,620	20,400	19,880	19,823	9,216	8,048	7,717	8,492	8,032	7,914	5,601	4,051	3,802	2,865	2,608	2,966	2,972	2,910	2,553	2,835	3,039	2,812	1,846	1,520	1,371	1,473	1,489	1,465	1,466	1,512	1,221	1,270	985	511	531	721	729	699	1,059	1,095
Gain on securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,594	-	-	-	-
Equity in loss of other affiliates
0	-6	-4,072	-455	-600	-3,676	-111	-3,954	-21,511	-1,921	-1,603	-1,336	-1,900	-1,434	-1,798	-1,583	-2,058	-2,086	-1,345	-1,748	-1,623	-1,225	-1,036	-967	-896	-785	-631	-586	-412	-179	0	0	0	-	-	-	-	-	-	-	-	-	-
Impairment charge on securities held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	769	-	-	-
Other income, net
-900	1,369	1,711	271	3,500	396	4,124	3,561	19,975	5,137	2,368	2,152	-11,608	-6,249	-5,700	-1,805	-81	-3,368	1,345	-2,681	-7,440	-3,746	-252	1,883	2,105	-1,135	2,576	1,230	2,468	1,173	3,989	-210	2,577	4,610	-5,480	-1,642	3,201	691	1,482	-2,318	-180	1,322	677
Income before income taxes
-11,600	120,922	108,160	114,318	64,400	119,650	123,059	112,848	73,692	117,977	109,181	91,966	-333	85,459	45,840	109,812	72,140	151,098	239,710	156,616	138,313	202,476	218,450	153,312	125,079	165,332	181,718	124,827	102,552	134,382	144,091	108,758	92,612	96,519	103,540	74,294	72,273	78,306	70,051	39,127	31,057	45,908	26,653
Provision for income taxes
-6,200	21,971	19,772	26,173	16,000	28,176	27,530	20,308	17,978	86,503	27,293	29,925	2,578	22,878	13,528	38,646	25,251	40,416	84,537	55,673	49,750	67,079	77,624	56,407	44,178	56,652	64,797	44,823	27,088	46,318	49,746	38,935	32,534	32,620	35,903	25,565	24,963	23,784	22,830	13,503	11,286	14,737	9,175
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-5,400	98,951	88,388	88,145	48,400	91,474	95,529	92,540	55,714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116,921	-	-	-	94,345	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interest
0	42	0	-118	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,777	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-5,400	98,909	88,388	88,263	48,400	91,474	95,529	92,540	55,714	31,474	81,888	62,041	-2,911	62,581	32,312	71,166	46,889	110,682	155,173	100,943	88,563	135,397	140,826	96,905	80,901	108,680	113,144	80,004	75,464	88,064	94,345	69,823	60,078	63,899	67,637	48,729	47,310	54,522	47,221	25,624	19,771	31,171	17,478
Net income per share attributable to Polaris Inc. common shareholders:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.69	-	-	-	1.37	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Basic net income per share (in dollars per share)
-0.09	1.60	1.44	1.44	0.79	1.48	1.54	1.46	0.88	0.49	1.31	0.99	-0.05	0.99	0.50	1.10	0.72	1.70	2.35	1.52	1.33	2.03	2.13	1.47	1.23	1.61	1.64	1.16	1.10	1.28	1.37	1.01	0.88	0.93	0.98	0.71	0.69	0.12	0.71	0.77	0.60	0.96	0.54
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.64	-	-	-	1.33	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Diluted net income per share (in dollars per share)
-0.09	1.58	1.42	1.42	0.78	1.46	1.50	1.43	0.85	0.49	1.28	0.97	-0.05	0.97	0.50	1.09	0.71	1.66	2.30	1.49	1.30	1.98	2.06	1.42	1.19	1.56	1.59	1.13	1.07	1.24	1.33	0.98	0.85	0.90	0.95	0.68	0.67	0.11	0.69	0.75	0.59	0.94	0.53
Weighted average shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
61,900	61,549	61,480	61,419	61,300	61,370	62,207	63,172	63,303	62,995	62,646	62,895	63,128	63,581	64,151	64,406	65,046	65,415	65,912	66,324	66,429	66,546	66,261	66,060	65,833	67,301	69,179	68,867	68,793	69,113	68,692	68,954	68,637	68,883	68,937	68,811	68,537	134,465	66,811	33,255	33,069	32,423	32,381
Weighted Average Number of Shares Outstanding, Diluted
61,900	62,739	62,265	62,164	62,000	62,145	63,546	64,886	65,219	64,895	63,885	63,807	64,133	64,326	65,027	65,297	65,982	66,593	67,368	67,829	68,146	68,542	68,328	68,088	67,958	69,481	71,186	70,755	70,762	71,151	70,883	71,161	70,825	71,061	71,289	71,215	70,663	138,309	68,753	34,248	33,750	33,244	32,990
Income from financial services
Sales
19,700	20,813	21,602	19,746	18,700	23,313	21,348	21,344	21,425	-	18,138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-