Polaris Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 16, 2024
PII$66.62-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $367.8 | $324.5 |
| Trade receivables, net | 306.4 | 343.0 |
| Inventories, net | 1,810.5 | 1,896.1 |
| Prepaid expenses and other | 198.0 | 183.7 |
| Income taxes receivable | 9.0 | 20.3 |
| Total current assets | 2,691.7 | 2,767.6 |
| Property and equipment, net | 1,201.5 | 1,018.4 |
| Investment in finance affiliate | 141.1 | 93.1 |
| Deferred tax assets | 295.9 | 210.5 |
| Goodwill and other intangible assets, net | 906.4 | 910.6 |
| Operating lease assets | 143.9 | 111.0 |
| Other long-term assets | 135.8 | 106.7 |
| Total assets | $5,516.3 | $5,217.9 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Current financing obligations | $54.0 | $553.6 |
| Accounts payable | 713.1 | 847.6 |
| Accrued expenses | 1,123.6 | 896.8 |
| Other current liabilities | 43.1 | 30.6 |
| Total current liabilities | 1,933.8 | 2,328.6 |
| Long-term financing obligations | 1,854.4 | 1,504.2 |
| Other long-term liabilities | 297.0 | 271.0 |
| Total liabilities | $4,085.2 | $4,103.8 |
| Deferred compensation | $10.3 | $12.6 |
| Shareholders’ equity: | ||
| Preferred stock $0.01 par value per share, 20.0 shares authorized, no shares issued and outstanding | — | — |
| Common stock $0.01 par value per share, 160.0 shares authorized, 56.5 and 57.0 shares issued and outstanding, respectively | $0.6 | $0.6 |
| Additional paid-in capital | 1,231.8 | 1,152.1 |
| Retained earnings | 243.5 | 33.8 |
| Accumulated other comprehensive loss, net | (57.5) | (87.5) |
| Total shareholders’ equity | 1,418.4 | 1,099.0 |
| Noncontrolling interest | 2.4 | 2.5 |
| Total equity | 1,420.8 | 1,101.5 |
| Total liabilities and equity | $5,516.3 | $5,217.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.