Polaris Inc.
For the period ended Sep 30, 2026. Filed Oct 27, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 27, 2026
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 Statements of Cash Flows
| Nine months ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating Activities: | ||
| Net income (loss) | $98.0 | $(161.5) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 196.1 | 218.9 |
| Noncash compensation | 48.9 | 49.1 |
| Noncash income from financial services | (27.2) | (32.3) |
| Deferred income taxes | (11.3) | (37.7) |
| Impairment charges | — | 102.0 |
| Loss on disposal groups | 30.9 | 42.3 |
| Other, net | 3.9 | (0.7) |
| Changes in operating assets and liabilities: | ||
| Trade receivables | (47.1) | (25.6) |
| Inventories | (153.9) | 77.1 |
| Accounts payable | 119.5 | 236.7 |
| Accrued expenses | (48.2) | (0.1) |
| Income taxes payable/receivable | (12.5) | (6.6) |
| Prepaid expenses and other, net | 94.7 | 100.7 |
| Net cash provided by operating activities | 291.8 | 562.3 |
| Investing Activities: | ||
| Purchase of property and equipment, net | (140.3) | (118.2) |
| Distributions from finance affiliate, net | 67.8 | 41.4 |
| Investments in and distributions from other affiliates, net | (19.5) | — |
| Sale of businesses | (78.6) | — |
| Net cash used for investing activities | (170.6) | (76.8) |
| Financing Activities: | ||
| Borrowings (repayments) under revolving loan facility, net | 114.9 | 32.7 |
| Repayments under financing obligations | (26.8) | (379.4) |
| Repurchase and retirement of common shares | (9.3) | (2.4) |
| Cash dividends to shareholders | (116.3) | (113.0) |
| Cash dividend to noncontrolling interest | (0.7) | (0.2) |
| Proceeds from stock issuances under employee plans | 4.5 | 3.1 |
| Net cash used for financing activities | (33.7) | (459.2) |
| Impact of currency exchange rates on cash balances | (5.7) | 22.2 |
| Net increase in cash, cash equivalents and restricted cash | 81.8 | 48.5 |
| Cash, cash equivalents and restricted cash at beginning of period | 236.3 | 303.0 |
| Cash, cash equivalents and restricted cash at end of period | $318.1 | $351.5 |
| Supplemental Cash Flow Information: | ||
| Interest paid on financing obligations | $106.2 | $103.8 |
| Income taxes paid | $60.7 | $32.2 |
| Leased assets obtained for operating lease liabilities | $32.4 | $10.8 |
| The following presents the classification of cash, cash equivalents and restricted cash within the consolidated balance sheets: | ||
| Cash and cash equivalents | $301.7 | $335.5 |
| Other long-term assets | 16.4 | 16.0 |
| Total | $318.1 | $351.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.