Polaris market cap is $6 b, and annual revenue was $6.78 b in FY 2019

Polaris Gross profit (Q2, 2020)332.7 M

Polaris Gross profit margin (Q2, 2020), %22%

Polaris Net income (Q2, 2020)-235.4 M

Polaris EBIT (Q2, 2020)-295.4 M

Polaris Cash, 30-Jun-2020544.4 M

Polaris EV7.5 B

Polaris revenue was $6.78 b in FY, 2019 which is a 11.6% year over year increase from the previous period.

Polaris revenue breakdown by business segment: 9.2% from Boats, 8.6% from Motorcycles, 62.1% from ORV/Snowmobiles, 6.8% from Global Adjacent Markets and 13.4% from Aftermarket

Polaris revenue breakdown by geographic segment: 9.4% from EMEA, 5.8% from Canada, 81.9% from United States and 2.9% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 4.5b | 5.4b | 6.1b | 6.8b |

| (4%) | 20% | 12% | 12% |

## Cost of goods sold | 3.4b | 4.1b | 4.6b | 5.1b |

## Gross profit | 1.1b | 1.3b | 1.5b | 1.6b |

| 24% | 24% | 25% | 24% |

## Sales and marketing expense | 342.2m | 471.8m | 491.8m | 559.1m |

## R&D expense | 185.1m | 238.3m | 259.7m | 292.9m |

## General and administrative expense | 306.4m | 331.2m | 349.8m | 393.9m |

## Operating expense total | 833.8m | 1.0b | 1.1b | 1.2b |

## EBIT | 350.3m | 359.7m | 487.4m | 483.7m |

| 8% | 7% | 8% | 7% |

## Interest expense | 16.3m | 32.2m | 57.0m | 77.6m |

## Pre tax profit | 313.3m | 318.8m | 429.2m | 407.8m |

## Income tax expense | 100.3m | 146.3m | 94.0m | 83.9m |

## Net Income | 212.9m | 172.5m | 335.3m | 324.0m |

## EPS | 3.3 | 2.7 | 5.2 | 5.2 |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 127.3m | 138.3m | 161.2m | 157.1m |

## Accounts Receivable | 174.8m | 200.1m | 197.1m | 190.4m |

## Prepaid Expenses | 91.6m | 101.5m | 121.5m | 125.9m |

## Inventories | 746.5m | 784.0m | 969.5m | 1.1b |

## Current Assets | 1.2b | 1.3b | 1.5b | 1.6b |

## PP&E | 727.6m | 747.2m | 843.1m | 899.8m |

## Goodwill | 421.6m | 433.4m | 647.1m | 1.5b |

## Total Assets | 3.1b | 3.1b | 4.1b | 4.4b |

## Accounts Payable | 273.7m | 317.4m | 346.3m | 450.2m |

## Short-term debt | 3.8m | 47.7m | 66.5m | 201.6m |

## Current Liabilities | 959.8m | 1.1b | 1.2b | 1.5b |

## Long-term debt | 1.1b | 865.3m | 1.9b | 1.6b |

## Total Debt | 1.1b | 913.0m | 1.9b | 1.8b |

## Total Liabilities | 2.2b | 2.1b | 3.3b | 3.3b |

## Common Stock | 631.0k | 631.0k | 609.0k | 614.0k |

## Additional Paid-in Capital | 650.2m | 733.9m | 808.0m | 892.8m |

## Retained Earnings | 300.1m | 242.8m | 121.4m | 287.3m |

## Total Equity | 867.0m | 931.7m | 867.0m | 1.1b |

## Debt to Equity Ratio | 1.3 x | 1 x | 2.2 x | 1.6 x |

## Debt to Assets Ratio | 0.4 x | 0.3 x | 0.5 x | 0.4 x |

## Financial Leverage | 3.6 x | 3.3 x | 4.8 x | 4 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 212.9m | 172.5m | 335.3m | 323.9m |

## Depreciation and Amortization | 167.5m | 191.1m | 211.0m | 234.5m |

## Accounts Receivable | 2.0m | (17.1m) | 20.7m | 6.8m |

## Inventories | 112.0m | (27.0m) | (149.7m) | (149.9m) |

## Accounts Payable | (62.7m) | 39.5m | (984.0k) | 103.8m |

## Cash From Operating Activities | 571.8m | 580.0m | 477.1m | 655.0m |

## Purchases of PP&E | (209.1m) | (184.4m) | (225.4m) | (251.4m) |

## Cash From Investing Activities | (909.3m) | (151.1m) | (959.5m) | (239.3m) |

## Long-term Borrowings | (2.6b) | (2.4b) | (2.6b) | (3.6b) |

## Dividends Paid | (140.3m) | (145.4m) | (149.0m) | (149.1m) |

## Cash From Financing Activities | 314.5m | (427.7m) | 523.4m | (411.8m) |

## Net Change in Cash | (28.0m) | 11.0m | 31.5m | 3.2m |

## Interest Paid | 15.8m | 30.9m | 51.0m | 77.0m |

## Income Taxes Paid | 126.8m | 46.3m | 74.0m | 87.8m |

USD | FY, 2016 |
---|---|

## Revenue/Employee | 451.7k |

## Debt/Equity | 1.3 x |

## Debt/Assets | 0.4 x |

## Financial Leverage | 3.6 x |

FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | |
---|---|---|---|---|---|

## Manufacturing Facilities | 18 | 16 | 19 | 19 | |

## Distribution Centers | 30 | 30 | 33 | 33 | |

## Models (Off-Road Vehicles) | 55 | 61 | 68 | 56 | 63 |

## Models (Snowmobiles) | 39 | 40 | 41 | 29 | 30 |

## Models (Motorcycles) | 21 | 24 | 20 | 21 | 25 |

## Models (Global Adjacent Markets) | 60 | 68 | 69 | 60 | |

## Independent Dealers (North America) | 1.80 k | 1.80 k | 1.80 k | 2.25 k | 2.20 k |

## Independent International Dealers | 1.70 k | 1.70 k | 1.40 k | 1.45 k | 1.40 k |

## Independent Distributors (outside of North America) | 75 | 80 | 90 | 85 | 85 |