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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Sales $ 2,248.9 $ 2,340.6 $ 6,645.2 $ 6,184.9
Cost of sales 1,740.1 1,781.4 5,162.2 4,798.4
Gross profit 508.8 559.2 1,483.0 1,386.5
Operating expenses:        
Selling and marketing 145.1 120.7 415.3 347.8
Research and development 91.8 98.5 281.5 266.1
General and administrative 91.3 97.8 285.9 258.7
Total operating expenses 328.2 317.0 982.7 872.6
Operating income 201.1 254.3 558.2 547.6
Non-operating expense:        
Interest expense 32.5 20.1 92.2 46.8
Other (income) expense, net (13.1) (7.4) (33.6) (13.9)
Income from continuing operations before income taxes 181.7 241.6 499.6 514.7
Provision for income taxes 30.2 50.9 100.2 107.9
Net income from continuing operations 151.5 190.7 399.4 406.8
Loss from discontinued operations, net of tax 0.0 (3.5) 0.0 (11.9)
Loss from sale of discontinued operations, net of tax 0.0 (0.6) 0.0 (142.8)
Net income 151.5 186.6 399.4 252.1
Net (income) loss attributable to noncontrolling interest 0.2 (0.3) 0.0 (0.5)
Net income from continuing operations attributable to Polaris Inc. common shareholders 151.7 190.4 399.4 406.3
Net loss from discontinued operations 0.0 (4.1) 0.0 (154.7)
Net income attributable to Polaris Inc. $ 151.7 $ 186.3 $ 399.4 $ 251.6
Continuing operations, Basic (usd per share) $ 2.66 $ 3.21 $ 6.98 $ 6.80
Discontinued operations, Basic (in usd per share) 0 (0.06) 0 (2.59)
Basic (in usd per share) 2.66 3.15 6.98 4.21
Continuing operations, Diluted (in usd per share) 2.62 3.17 6.90 6.71
Discontinued operations, Diluted (in usd per share) 0 (0.07) 0 (2.56)
Diluted (in usd per share) $ 2.62 $ 3.10 $ 6.90 $ 4.15
Weighted average shares outstanding:        
Basic (in shares) 57.0 59.2 57.2 59.8
Diluted (in shares) 57.8 60.0 57.9 60.6
Income from financial services        
Operating expenses:        
Income from financial services $ 20.5 $ 12.1 $ 57.9 $ 33.7