Below are the financial statements of Polaris, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Sales | 7,175.4a | 8,934.4a | 8,589a |
| Cost of sales | -5,708.6a | -6,974.5a | -6,629.5a |
| Gross profit | 1,466.8a | 1,959.9a | 1,959.5a |
| Operating expenses | — | — | — |
| Selling and marketing | -500.4a | -542.3a | -480.8a |
| Research and development | -336.9a | -374.3a | -366.7a |
| General and administrative | -436.5a | -422.8a | -355.9a |
| Total operating expenses | -1,273.8a | -1,339.4a | -1,203.4a |
| Income from financial services | 97.6a | 80.4a | 48.4a |
| Operating income | 290.6a | 700.9a | 804.5a |
| Non-operating expense | — | — | — |
| Interest expense | -137a | -125a | -71.7a |
| Other expense (income), net | 12.8a | -44.5a | -28.6a |
| Income from continuing operations before income taxes | 140.8a | 620.4a | 761.4a |
| Provision for income taxes | -29.6a | -117.7a | -158a |
| Net income from continuing operations | 111.2a | 502.7a | 603.4a |
| Loss from discontinued operations, net of tax | 0a | 0a | -13.2a |
| Loss from sale of discontinued operations, net of tax | 0a | 0a | -142.6a |
| Net income | 111.2a | 502.7a | 447.6a |
| Net (income) loss attributable to noncontrolling interest | -0.4a | 0.1a | -0.5a |
| Net income attributable to Polaris Inc. | 110.8a | 502.8a | 447.1a |
| Amounts attributable to Polaris Inc. common shareholders | — | — | — |
| Net income from continuing operations | 111.2a | 502.7a | 603.4a |
| Less net (income) loss attributable to noncontrolling interest | -0.4a | 0.1a | -0.5a |
| Net income from continuing operations attributable to Polaris Inc. common shareholders | 110.8a | 502.8a | 602.9a |
| Net loss from discontinued operations attributable to Polaris Inc. common shareholders | 0a | 0a | -155.8a |
| Net income attributable to Polaris Inc. | 110.8a | 502.8a | 447.1a |
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