$PII
Polaris Inc.

2012 Q4 Form 10-Q Financial Statement

#000119312512443489 Filed on October 31, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $900.6M $879.9M $729.9M
YoY Change 15.18% 20.56% 25.82%
Cost Of Revenue $646.8M $620.2M $523.0M
YoY Change 11.96% 18.57% 21.8%
Gross Profit $253.8M $259.8M $206.8M
YoY Change 24.22% 25.6% 37.25%
Gross Profit Margin 28.18% 29.52% 28.34%
Selling, General & Admin $95.90M $94.09M $77.12M
YoY Change 10.61% 22.0% 18.83%
% of Gross Profit 37.79% 36.22% 37.29%
Research & Development $33.30M $32.35M $25.75M
YoY Change 6.05% 25.64% 15.47%
% of Gross Profit 13.12% 12.45% 12.45%
Depreciation & Amortization $19.10M $18.80M $15.70M
YoY Change 21.66% 19.75% -12.78%
% of Gross Profit 7.53% 7.24% 7.59%
Operating Expenses $129.3M $126.4M $102.9M
YoY Change 9.48% 22.91% 18.11%
Operating Profit $124.5M $141.6M $110.3M
YoY Change 44.42% 28.36% 73.41%
Interest Expense $8.600M $1.465M $1.270M
YoY Change 48.28% 15.35% -74.6%
% of Operating Profit 6.91% 1.03% 1.15%
Other Income/Expense, Net $1.200M $3.989M -$5.480M
YoY Change -73.91% -172.79% -465.33%
Pretax Income $134.4M $144.1M $103.5M
YoY Change 39.27% 39.16% 47.7%
Income Tax $46.30M $49.75M $35.90M
% Of Pretax Income 34.45% 34.52% 34.68%
Net Earnings $88.06M $94.35M $67.64M
YoY Change 37.82% 39.49% 43.3%
Net Earnings / Revenue 9.78% 10.72% 9.27%
Basic Earnings Per Share $1.37 $0.98
Diluted Earnings Per Share $1.24 $1.33 $0.95
COMMON SHARES
Basic Shares Outstanding 69.00M shares 68.69M shares 68.94M shares
Diluted Shares Outstanding 70.88M shares 71.29M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $417.1M $412.9M $335.7M
YoY Change 28.22% 23.0% 26.92%
Cash & Equivalents $417.0M $412.9M $335.7M
Short-Term Investments $100.0K
Other Short-Term Assets $120.2M $123.6M $100.1M
YoY Change 7.71% 23.48% 16.26%
Inventory $345.0M $410.0M $338.3M
Prepaid Expenses
Receivables $119.8M $136.3M $108.9M
Other Receivables $15.70M $8.000M $9.000M
Total Short-Term Assets $1.018B $1.091B $892.0M
YoY Change 16.32% 22.29% 22.43%
LONG-TERM ASSETS
Property, Plant & Equipment $253.4M $230.6M $198.0M
YoY Change 18.52% 16.47% 9.45%
Goodwill $56.32M $44.87M
YoY Change 26.09%
Intangibles $50.89M $31.83M
YoY Change 53.98%
Long-Term Investments $69.80M $59.50M $38.20M
YoY Change 47.57% 55.76% 10.09%
Other Assets $15.87M $13.80M $10.20M
YoY Change 336.16% 35.29%
Total Long-Term Assets $470.7M $380.6M $306.1M
YoY Change 33.34% 24.34% 25.71%
TOTAL ASSETS
Total Short-Term Assets $1.018B $1.091B $892.0M
Total Long-Term Assets $470.7M $380.6M $306.1M
Total Assets $1.489B $1.471B $1.198B
YoY Change 21.21% 22.81% 23.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.0M $228.3M $187.8M
YoY Change 15.19% 21.58% 36.09%
Accrued Expenses $445.4M $466.7M $404.8M
YoY Change 2.37% 15.29% 30.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.900M $2.600M $0.00
YoY Change 7.41%
Total Short-Term Liabilities $631.0M $700.9M $595.7M
YoY Change 7.62% 17.66% 30.84%
LONG-TERM LIABILITIES
Long-Term Debt $104.3M $104.7M $100.0M
YoY Change -0.29% 4.7% -50.0%
Other Long-Term Liabilities $53.58M $6.700M $7.200M
YoY Change 83.5% -6.94% 80.0%
Total Long-Term Liabilities $53.58M $111.4M $107.2M
YoY Change 83.5% 3.92% -47.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $631.0M $700.9M $595.7M
Total Long-Term Liabilities $53.58M $111.4M $107.2M
Total Liabilities $798.0M $812.3M $702.8M
YoY Change 9.62% 15.59% 4.26%
SHAREHOLDERS EQUITY
Retained Earnings $409.1M $413.1M
YoY Change 27.11%
Common Stock $686.0K $687.0K
YoY Change 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $690.5M $659.1M $495.2M
YoY Change
Total Liabilities & Shareholders Equity $1.489B $1.471B $1.198B
YoY Change 21.21% 22.81% 23.25%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $88.06M $94.35M $67.64M
YoY Change 37.82% 39.49% 43.3%
Depreciation, Depletion And Amortization $19.10M $18.80M $15.70M
YoY Change 21.66% 19.75% -12.78%
Cash From Operating Activities $161.6M $176.1M $136.3M
YoY Change 54.79% 29.2% 36.44%
INVESTING ACTIVITIES
Capital Expenditures -$37.30M -$24.20M -$21.90M
YoY Change 69.55% 10.5% 55.32%
Acquisitions
YoY Change
Other Investing Activities -$49.80M -$12.00M -$600.0K
YoY Change 55.63% 1900.0% -106.67%
Cash From Investing Activities -$87.10M -$36.20M -$22.40M
YoY Change 61.3% 61.61% 339.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.90M -17.90M -36.60M
YoY Change 17.58% -51.09% -1176.47%
NET CHANGE
Cash From Operating Activities 161.6M 176.1M 136.3M
Cash From Investing Activities -87.10M -36.20M -22.40M
Cash From Financing Activities -70.90M -17.90M -36.60M
Net Change In Cash 3.600M 122.0M 77.30M
YoY Change -136.36% 57.83% -21.28%
FREE CASH FLOW
Cash From Operating Activities $161.6M $176.1M $136.3M
Capital Expenditures -$37.30M -$24.20M -$21.90M
Free Cash Flow $198.9M $200.3M $158.2M
YoY Change 57.36% 26.61% 38.77%

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POLARIS INDUSTRIES INC/MN
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