XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Sales $ 2,340.6 $ 1,777.7 $ 6,184.9 $ 5,446.6
Cost of sales 1,781.4 1,357.7 4,798.4 4,097.4
Gross profit 559.2 420.0 1,386.5 1,349.2
Operating expenses:        
Selling and marketing 120.7 112.0 347.8 348.4
Research and development 98.5 84.8 266.1 249.1
General and administrative 97.8 76.3 258.7 240.8
Total operating expenses 317.0 273.1 872.6 838.3
Operating income 254.3 158.2 547.6 552.1
Non-operating expense:        
Interest expense 20.1 10.7 46.8 33.0
Other (income) expense, net (7.4) (0.1) (13.9) (5.4)
Income from continuing operations before income taxes 241.6 147.6 514.7 524.5
Provision for income taxes 50.9 30.4 107.9 119.0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 190.7 117.2 406.8 405.5
Income (loss) from discontinued operations, net of tax (3.5) (2.4) (11.9) 2.0
Loss from sale / impairment of discontinued operations, net of tax (0.6) 0.0 (142.8) 0.0
Net income 186.6 114.8 252.1 407.5
Net income attributable to noncontrolling interest (0.3) (0.2) (0.5) (0.4)
Net income from continuing operations attributable to Polaris Inc. common shareholders 190.4 117.0 406.3 405.1
Net income (loss) from discontinued operations (4.1) (2.4) (154.7) 2.0
Net income attributable to Polaris Inc. $ 186.3 $ 114.6 $ 251.6 $ 407.1
Continuing operations, Basic (usd per share) $ 3.21 $ 1.92 $ 6.80 $ 6.60
Discontinued operations, Basic (in usd per share) (0.06) (0.04) (2.59) 0.03
Basic (in usd per share) 3.15 1.88 4.21 6.63
Continuing operations, Diluted (in usd per share) 3.17 1.88 6.71 6.44
Discontinued operations, Diluted (in usd per share) (0.07) (0.04) (2.56) 0.04
Diluted (in usd per share) $ 3.10 $ 1.84 $ 4.15 $ 6.48
Weighted average shares outstanding:        
Basic (in shares) 59.2 61.0 59.8 61.4
Diluted (in shares) 60.0 62.3 60.6 62.9
Income from financial services        
Operating expenses:        
Income from financial services $ 12.1 $ 11.3 $ 33.7 $ 41.2