XML 21 R5.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Sales $ 2,179.7 $ 1,781.5
Cost of sales 1,710.5 1,428.6
Gross profit 469.2 352.9
Operating expenses:    
Selling and marketing 137.6 111.6
Research and development 96.5 80.8
General and administrative 90.8 71.7
Total operating expenses 324.9 264.1
Operating income 161.1 100.2
Non-operating expense:    
Interest expense 28.3 11.8
Other (income) expense, net (12.4) (3.3)
Income from continuing operations before income taxes 145.2 91.7
Provision for income taxes 31.6 17.6
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 113.6 74.1
Loss from discontinued operations, net of tax 0.0 (4.2)
Net income 113.6 69.9
Net income attributable to noncontrolling interest (0.2) 0.0
Net income from continuing operations attributable to Polaris Inc. common shareholders 113.4 74.1
Net loss from discontinued operations 0.0 (4.2)
Net income attributable to Polaris Inc. $ 113.4 $ 69.9
Continuing operations, Basic (usd per share) $ 1.98 $ 1.23
Discontinued operations, Basic (in usd per share) 0 (0.07)
Basic (in usd per share) 1.98 1.16
Continuing operations, Diluted (in usd per share) 1.95 1.21
Discontinued operations, Diluted (in usd per share) 0 (0.07)
Diluted (in usd per share) $ 1.95 $ 1.14
Weighted average shares outstanding:    
Basic (in shares) 57.4 60.3
Diluted (in shares) 58.1 61.2
Income from financial services    
Operating expenses:    
Income from financial services $ 16.8 $ 11.4