- The balance sheet shows the company's assets, liabilities, and shareholders' equity as of December 31, 2019 and December 31, 2018. Total assets increased from $4.12 billion to $4.43 billion.
- Total current assets increased from $1.49 billion to $1.63 billion, driven primarily by increases in cash/equivalents, inventories, and prepaid expenses. Property and equipment increased from $843 million to $900 million.
- Total liabilities increased slightly from $3.25 billion to $3.31 billion. Current liabilities increased from $1.20 billion to $1.53 billion due to increases in accounts payable and accrued expenses. Long
- The balance sheet shows the company's assets, liabilities, and shareholders' equity as of December 31, 2019 and December 31, 2018. Total assets increased from $4.12 billion to $4.43 billion.
- Total current assets increased from $1.49 billion to $1.63 billion, driven primarily by increases in cash/equivalents, inventories, and prepaid expenses. Property and equipment increased from $843 million to $900 million.
- Total liabilities increased slightly from $3.25 billion to $3.31 billion. Current liabilities increased from $1.20 billion to $1.53 billion due to increases in accounts payable and accrued expenses. Long
- The balance sheet shows the company's assets, liabilities, and shareholders' equity as of December 31, 2019 and December 31, 2018. Total assets increased from $4.12 billion to $4.43 billion.
- Total current assets increased from $1.49 billion to $1.63 billion, driven primarily by increases in cash/equivalents, inventories, and prepaid expenses. Property and equipment increased from $843 million to $900 million.
- Total liabilities increased slightly from $3.25 billion to $3.31 billion. Current liabilities increased from $1.20 billion to $1.53 billion due to increases in accounts payable and accrued expenses. Long
- The balance sheet shows the company's assets, liabilities, and shareholders' equity as of December 31, 2019 and December 31, 2018. Total assets increased from $4.12 billion to $4.43 billion.
- Total current assets increased from $1.49 billion to $1.63 billion, driven primarily by increases in cash/equivalents, inventories, and prepaid expenses. Property and equipment increased from $843 million to $900 million.
- Total liabilities increased slightly from $3.25 billion to $3.31 billion. Current liabilities increased from $1.20 billion to $1.53 billion due to increases in accounts payable and accrued expenses. Long
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Consolidated Balance Sheets - USD ($) $ in Thousands
Current assets: Cash and cash equivalents Trade receivables, net Inventories, net Prepaid expenses and other Income taxes receivable Total current assets Land, buildings and improvements Equipment and tooling Property and equipment, gross Less: accumulated depreciation Property and equipment, net Investment in finance affiliate Deferred tax assets Goodwill and other intangible assets, net Operating Lease, Right-of-Use Asset Other long-term assets Total assets Current liabilities: Current portion of debt, finance lease obligations, and notes payable Accounts payable Accrued expenses: Compensation Warranties Sales promotions and incentives Dealer holdback Other Operating Lease, Liability, Current Income taxes payable Total current liabilities Long-term income taxes payable Finance lease obligations Long-term debt Deferred tax liabilities Operating Lease, Liability, Noncurrent Other long-term liabilities Total liabilities Deferred compensation Shareholders’ equity: Preferred stock $0.01 par value, 20,000 shares authorized, no shares issued and outstanding Common stock $0.01 par value, 160,000 shares authorized, 61,412 and 60,890 shares issued and outstanding, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive loss, net Total shareholders’ equity Stockholders' Equity Attributable to Noncontrolling Interest Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Total liabilities and equity Dec. 31, 2019 Dec. 31, 2018
892,849 807,986 287,256 121,114 (72,720) (62,973) 1,107,999 866,736 203 279 1,108,202 867,015 $ 4,430,529 $ 4,124,915 Consolidated Balance Sheets (Parenthetical) - $ / shares Dec. 31, 2019 Dec. 31, 2018 Statement of Financial Position [Abstract] Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01 Preferred stock, shares authorized 20,000,000 20,000,000 Preferred stock, shares issued 0 0 Preferred stock, shares outstanding 0 0 Common stock, par value (in dollars per share) $ 0.01 $ 0.01 Common stock, shares authorized 160,000,000 160,000,000 Common stock, shares issued 61,169,000 60,890,000 Common stock, shares outstanding 61,169,000 60,890,000 Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Sales Cost of sales Gross profit Operating expenses: Selling and marketing Research and development General and administrative Total operating expenses Operating income Non-operating expense: Interest expense Equity in loss of other affiliates Other (income) expense, net Income before income taxes Provision for income taxes Net income Net Income (Loss) Attributable to Noncontrolling Interest Net income per share attributable to Polaris Inc. common shareholders: Basic (in dollars per share) Diluted (in dollars per share) Weighted average shares outstanding: Basic (in shares) Diluted (in shares) Financial Service Sales 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017 $ 323,884 $ 335,257 $ 172,492 6,782,518 6,078,540 5,428,477 5,133,736 4,577,340 4,103,826 1,648,782 1,501,200 1,324,651
Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands Statement of Comprehensive Income [Abstract] Net income Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Other comprehensive income (loss), net of tax: Foreign currency translation adjustments Unrealized (loss) gain on derivative instruments Retirement plan and other activity Comprehensive income Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017
$ 76 $0 $0 Consolidated Statements Of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands Beginning Balance at Dec. 31, 2016 Beginning Balance (in shares) at Dec. 31, 2016 Increase (Decrease) in Stockholders' Equity [Roll Forward] Employee stock compensation Deferred compensation Employee stock compensation (in shares) Proceeds from stock issuances under employee plans Proceeds from stock issuances under employee plans (in shares) Cash dividends declared ($2.32 per share, $2.20 per share and $2.12 per share in 2017, 2016, and 2015 respectively) Repurchase and retirement of common shares Repurchase and retirement of common shares (in shares) Net income Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Other comprehensive income Ending Balance at Dec. 31, 2017 Ending Balance (in shares) at Dec. 31, 2017 Increase (Decrease) in Stockholders' Equity [Roll Forward] Employee stock compensation Deferred compensation Employee stock compensation (in shares) Proceeds from stock issuances under employee plans Proceeds from stock issuances under employee plans (in shares) Cash dividends declared ($2.32 per share, $2.20 per share and $2.12 per share in 2017, 2016, and 2015 respectively) Repurchase and retirement of common shares Repurchase and retirement of common shares (in shares) Cumulative effect of adoption of accounting standards (ASU 2018-02) Net income Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Other comprehensive income Ending Balance at Dec. 31, 2018 Ending Balance (in shares) at Dec. 31, 2018 Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Increase (Decrease) in Stockholders' Equity [Roll Forward] Employee stock compensation Deferred compensation Employee stock compensation (in shares) Proceeds from stock issuances under employee plans Proceeds from stock issuances under employee plans (in shares) Cash dividends declared ($2.32 per share, $2.20 per share and $2.12 per share in 2017, 2016, and 2015 respectively) Repurchase and retirement of common shares Repurchase and retirement of common shares (in shares) Cumulative effect of adoption of accounting standards (ASU 2018-02) Noncontrolling Interest, Increase from Subsidiary Equity Issuance Net income Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Other comprehensive income Ending Balance at Dec. 31, 2019 Ending Balance (in shares) at Dec. 31, 2019 Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Total Common Stock Additional Paid-In Capital Retained Earnings $ 867,040 $ 631 $ 650,162 $ 300,084 63,109
Consolidated Statements Of Cash Flows - USD ($) $ in Thousands Net Cash Provided by (Used in) Operating Activities [Abstract] Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Noncash compensation Noncash income from financial services Deferred income taxes Impairment charges Other, net Changes in operating assets and liabilities: Trade receivables Inventories Accounts payable Accrued expenses Income taxes payable/receivable Prepaid expenses and other, net Net cash provided by operating activities Net Cash Provided by (Used in) Investing Activities [Abstract] Purchase of property and equipment Investment in finance affiliate Distributions from finance affiliate Investment in other affiliates, net Acquisition and disposal of businesses, net of cash acquired Net cash used for investing activities Net Cash Provided by (Used in) Financing Activities [Abstract] Borrowings under debt arrangements / finance lease obligations Repayments under debt arrangements / finance lease obligations Repurchase and retirement of common shares Cash dividends to shareholders Proceeds from stock issuances under employee plans Net cash (used for) provided by financing activities Net increase in cash, cash equivalents and restricted cash Impact of currency exchange rates on cash balances Supplemental Cash Flow Information [Abstract] Interest paid on debt borrowings Income taxes paid Cash and cash equivalents Other long-term assets Total 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017
