Company Quick10K Filing
Polaris
10-Q 2020-03-31 Filed 2020-04-28
10-K 2019-12-31 Filed 2020-02-14
10-Q 2019-09-30 Filed 2019-10-22
10-Q 2019-06-30 Filed 2019-07-23
10-Q 2019-03-31 Filed 2019-04-24
10-K 2018-12-31 Filed 2019-02-14
10-Q 2018-09-30 Filed 2018-10-24
10-Q 2018-06-30 Filed 2018-07-25
10-Q 2018-03-31 Filed 2018-04-26
10-K 2017-12-31 Filed 2018-02-15
10-Q 2017-09-30 Filed 2017-10-26
10-Q 2017-06-30 Filed 2017-07-24
10-Q 2017-03-31 Filed 2017-04-27
10-K 2016-12-31 Filed 2017-02-16
10-Q 2016-09-30 Filed 2016-10-27
10-Q 2016-06-30 Filed 2016-07-22
10-Q 2016-03-31 Filed 2016-04-29
10-K 2015-12-31 Filed 2016-02-19
10-Q 2015-09-30 Filed 2015-10-27
10-Q 2015-06-30 Filed 2015-07-24
10-Q 2015-03-31 Filed 2015-04-30
10-K 2014-12-31 Filed 2015-02-20
10-Q 2014-09-30 Filed 2014-10-29
10-Q 2014-06-30 Filed 2014-07-25
10-Q 2014-03-31 Filed 2014-04-30
10-K 2013-12-31 Filed 2014-02-21
10-Q 2013-09-30 Filed 2013-10-29
10-Q 2013-06-30 Filed 2013-07-23
10-Q 2013-03-31 Filed 2013-05-01
10-K 2012-12-31 Filed 2013-02-28
10-Q 2012-09-30 Filed 2012-10-31
10-Q 2012-06-30 Filed 2012-07-31
10-Q 2012-03-31 Filed 2012-05-04
10-K 2011-12-31 Filed 2012-02-27
10-Q 2011-09-30 Filed 2011-11-07
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-03-01
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-05
10-Q 2010-03-31 Filed 2010-05-06
10-K 2009-12-31 Filed 2010-03-01
8-K 2020-05-26 Enter Agreement, Exhibits
8-K 2020-04-30 Officers, Shareholder Vote, Exhibits
8-K 2020-04-28 Earnings, Exhibits
8-K 2020-04-09 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-03-25 Off-BS Arrangement, Regulation FD, Exhibits
8-K 2020-01-28 Earnings, Exhibits
8-K 2019-10-22 Earnings, Exhibits
8-K 2019-08-01 Enter Agreement, Exhibits
8-K 2019-07-29 Amend Bylaw, Exhibits
8-K 2019-07-23 Earnings, Exhibits
8-K 2019-04-25 Officers, Shareholder Vote, Exhibits
8-K 2019-04-23 Earnings, Exhibits
8-K 2019-01-31 Officers, Exhibits
8-K 2019-01-29 Earnings, Exhibits
8-K 2018-10-22 Earnings, Exhibits
8-K 2018-07-25 Earnings, Regulation FD, Exhibits
8-K 2018-07-02 Enter Agreement, M&A, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-06-14 Regulation FD, Exhibits
8-K 2018-05-29 Enter Agreement, Regulation FD, Exhibits
8-K 2018-04-26 Shareholder Vote
8-K 2018-04-24 Earnings, Regulation FD, Exhibits
8-K 2018-03-06 Regulation FD, Exhibits
8-K 2018-02-27 Amend Bylaw, Exhibits
8-K 2018-01-30 Earnings, Regulation FD, Exhibits

Polaris Financials

PII Metrics, Comps, Filings

Quarterly | Annual

Business

Polaris Industries Inc., a Minnesota corporation, was formed in 1994 and is the successor to Polaris Industries Partners LP. The terms "Polaris," the "Company," "we," "us," and "our" as used herein refer to the business and operations of Polaris Industries Inc., its subsidiaries and its predecessors, which began doing business in 1954. We design, engineer and manufacture powersports vehicles which include, Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use, Snowmobiles, Motorcycles, Global Adjacent Markets vehicles, including Commercial, Government and Defense vehicles, and Boats. Polaris products, together with related Parts, Garments and Accessories (PG&A), as well as aftermarket accessories and apparel, are sold through dealers, distributors and retail stores principally located in the United States, Canada, Western Europe, Australia and Mexico.

Off-Road Vehicles. ORVs are four-wheel vehicles designed for off-road use and traversing rough terrain, dunes, swamps and marshland. The vehicles can be multi-passenger or single passenger, are used for recreation in such sports as fishing and hunting and for trail and dune riding, and for utility purposes on farms, ranches, and construction sites. The off-road vehicle industry is comprised of ATVs and side-by-side vehicles. The North American ATV industry decreased mid single-digits percent in 2018 with approximately 260,000 ATVs sold. Internationally, ATVs are also sold primarily in Western European countries by similar manufacturers as in North America. We estimate that during 2018 world-wide industry sales were down low single-digits percent from 2017 levels with approximately 370,000 ATVs sold worldwide. We estimate that worldwide side-by-side vehicle market sales increased mid single-digits percent during 2018 over 2017 levels with just over a half million side-by-side vehicles sold. The side-by-side market has increased consistently over the past several years primarily due to continued innovation by manufacturers. We estimate that total worldwide off-road vehicle industry sales for 2018, which include core ATVs and side-by-side vehicles, were up low singe-digits percent from 2017 levels with approximately 900,000 units sold.

Snowmobiles. Snowmobiles have been manufactured under the Polaris name since 1954. We estimate that during the season ended March 31, 2018, world-wide industry sales of snowmobiles increased mid-single digits percent from the previous season levels with approximately 125,000 units sold worldwide.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Steris (STE) 8,993 42% 19.2 5% 5,006 1,894 2,730 1,133 270 522 10,014
Pool (POOL) 8,153 29% 27.6 18% 1,481 1,075 3,160 923 260 314 8,652
Polaris (PII) 5,396 24% 12.9 5% 4,527 3,503 6,674 1,617 225 538 6,954
MSA Safety (MSA) 4,255 46% 24.6 6% 1,699 991 1,389 632 106 183 4,518
Wright Medical Group (WMGI) 3,795 79% -36.0 -5% 2,509 1,657 910 722 -132 -122 4,380
Applied Industrial Technologies (AIT) 2,226 29% 13.1 6% 2,430 1,503 3,465 1,007 134 235 3,081
Sunrun (RUN) 2,020 0% 24.3 0% 5,472 3,890 855 0 8 152 3,692
Avanos Medical (AVNS) 1,734 58% -83.4 -2% 1,808 541 508 292 -40 -21 1,768
Kaman (KAMN) 1,672 31% 6.4 12% 1,430 641 815 251 170 210 1,342
Trimas (TRS) 1,403 27% 11.6 6% 1,185 523 909 244 77 142 1,640
Materion (MTRN) 1,348 22% 21.6 2% 840 242 1,203 270 15 58 1,255
CollPlant Holdings (CLGN) 1,141 0% 34 16 0 0 0 0 1,141
Inogen (INGN) 1,069 49% 21.8 7% 445 102 370 182 32 42 913
Omega Flex (OFLX) 996 63% 43.6 19% 93 23 110 70 18 22 971
Schnitzer Steel Industries (SCHN) 672 13% 5.1 10% 1,093 399 2,255 293 106 157 805
Dynamic Materials (BOOM) 659 36% 8.3 20% 276 109 402 146 55 81 675
Establishment Labs (ESTA) 391 59% -14.0 -28% 118 74 65 39 -33 -25 348
Park Ohio (PKOH) 388 16% 8.3 4% 1,319 986 1,645 265 47 111 920
Willis Lease Finance (WLFC) 347 62% 7.9 3% 1,930 1,535 438 273 62 195 1,545
Sientra (SIEN) 324 60% -2.4 -51% 220 124 80 48 -111 -105 248

Balance Sheet ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash16626539434626233632528628941341738121838892102119169138111119225155146147123127137127132138210214193183128159
Accounts Receivable979889122137109115140135136120129149157186150135154205173151176151125142152175176169184200186190218197207225217
Inventory2232802362442863382983143584103453714294614184835605825666297086757107106927567478018168427849239251,0209701,1491,1301,270
PP&E1851816071851931986482202242316922753434209304955325381,1005595695881,2976756966881,4677297377351,5487607628081,708868890888
Assets8219721,0621,0571,0911,1981,2281,2231,2761,4711,4861,5011,6101,9231,6851,7641,9192,0092,0752,0812,1822,3102,3872,3802,3962,4703,1003,1363,1153,1333,0903,2203,2394,1484,1254,4094,3644,527
Accounts Payable102138113132148188147183192228169215236280238258289341343305301381300294348309274348353386317367362436346437419585
Long-Term Debt1002803293652252003273993124265284634321,1561,1751,0658929229641,0731,7982,0142,0351,8321,717
Liabilities5826746916686407037286747068127967698039921,1411,1391,2131,1701,2001,2041,2801,3581,3961,4371,4601,5332,2242,2912,2502,2262,1462,2352,3493,2403,2513,5203,4023,503
Stockholders' Equity2402983713894514955005495706596917328079325366166948238618628859379819319249288678368548969329738788988678799521,013
Income Statement ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue4315806185376087307826747558809017468451,1031,0848881,0141,3021,2751,0331,1241,4561,1069831,1311,1851,2181,1541,3651,4791,4311,2971,5031,6511,6271,4961,7791,772
Cost of Revenue3184294473854295235784795396206475295927687676307099149077408051,0407957358469249059111,0151,1151,0639741,1171,2501,2361,1431,3431,335
Gross Profit113151172152179207204195217260254217252335317258305388368294319416310248285261313242350364368323385401391352436437
R&D19222523252631303632333135373636373937394144424346484952616362656864677677
SG&A566572658177878090949693106128125107127144140119132148127147142175184190210202202196216220222245251
Tax1423242528363333395046274565574456786750568540253914234302787182028162634
Net Income2647554749686460709488758011310981971411358910115511147713263-3628231569396488888
Cash Flow ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating100141557136104-17917616248562781114586250149486374-24139209781465121323086-3168189-38241233
Cash Investing-5-25-19-46-22-54-22-18-36-87-39-192-101-76-40-76-47-83-41-69-59-120-108-52-29-721-25-36-28-62-44-43-771-70-59-51
Cash Financing314-35-96-37-60-18-56-18-71-45-25-10-33058-145-9119-10-20576-45-153-73586-20-190-200-1775-99586100-239-148