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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
The following sets forth the Company’s material properties as of December 31, 2023:
| Location | Facility Type/Use | Primary Segment* | Owned or Leased | Square Footage |
|---|---|---|---|---|
| Medina, Minnesota | Headquarters | Corp | Owned | 130,000 |
| Roseau, Minnesota | Wholegoods manufacturing and R&D | Off | Owned | 818,000 |
| Huntsville, Alabama | Wholegoods manufacturing | Off / On | Primarily owned | 1,400,000 |
| Monterrey, Mexico | Wholegoods manufacturing | Off | Primarily owned | 2,700,000 |
| Elkhart, Indiana | Wholegoods manufacturing | M | Primarily owned | 1,420,000 |
| Opole, Poland | Wholegoods manufacturing | Off / On | Leased | 365,000 |
| Spirit Lake, Iowa | Wholegoods manufacturing | On | Owned | 448,000 |
| Chanas, France | Wholegoods manufacturing | On | Owned | 196,000 |
| Shanghai, China | Wholegoods manufacturing | Off | Leased | 215,000 |
| Bourran, France | Wholegoods manufacturing and R&D | On | Leased | 105,000 |
| Aix-les-Bains, France | Wholegoods manufacturing and R&D | On | Owned | 98,000 |
| Osceola, Wisconsin | Component parts & engine manufacturing | Off / On | Owned | 293,000 |
| Monticello, Minnesota | Component parts manufacturing | Off / On | Owned | 109,000 |
| Wyoming, Minnesota | Research and development facility | Off / On | Owned | 272,000 |
| Fernley, Nevada | Distribution center | Off / On | Owned | 475,000 |
| Wilmington, Ohio | Distribution center | Off / On | Owned | 658,000 |
| Vermillion, South Dakota | Distribution center | Off / On | Owned | 610,000 |
| Rigby, Idaho | Distribution center and office facility | Off / On | Owned | 108,000 |
| Plymouth, Minnesota | Office facility | Corp | Primarily owned | 170,000 |
| *Legend: Corp - Corporate (all segments), Off - Off Road, On - On Road, M - Marine | ||||
Including the material properties listed above and those properties not listed, we have over seven million square feet of global manufacturing and research and development space. Additionally, we have over seven million square feet of global warehouse and distribution center space. For product development and testing of our vehicles, we utilize various parcels of land, including owned or public land near our manufacturing and engineering facilities, land owned in Texas dedicated to testing of our ORVs, and other pieces of public land around the world that provide the appropriate conditions for testing. We also have international office facilities in Western Europe, Australia, New Zealand, Brazil, India, China, Japan, and Mexico.
We own substantially all tooling and machinery used in the manufacture of our products. We make ongoing capital investments in our facilities. These investments have increased production capacity for our products. We believe our current manufacturing and distribution facilities are adequate in size and suitable for our present manufacturing and distribution needs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.