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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Sales $ 2,216.6 $ 2,062.8 $ 4,396.3 $ 3,844.3
Cost of sales 1,711.6 1,588.4 3,422.1 3,017.0
Gross profit 505.0 474.4 974.2 827.3
Operating expenses:        
Selling and marketing 132.6 115.5 270.2 227.1
Research and development 93.2 86.8 189.7 167.6
General and administrative 103.8 89.2 194.6 160.9
Total operating expenses 329.6 291.5 654.5 555.6
Operating income 196.0 193.1 357.1 293.3
Non-operating expense:        
Interest expense 31.4 14.9 59.7 26.7
Other (income) expense, net (8.1) (3.2) (20.5) (6.5)
Income from continuing operations before income taxes 172.7 181.4 317.9 273.1
Provision for income taxes 38.4 39.4 70.0 57.0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 134.3 142.0 247.9 216.1
Loss from discontinued operations, net of tax 0.0 (4.2) 0.0 (8.4)
Impairment of discontinued operations, net of tax 0.0 (142.2) 0.0 (142.2)
Net income (loss) 134.3 (4.4) 247.9 65.5
Net income attributable to noncontrolling interest 0.0 (0.2) (0.2) (0.2)
Net income from continuing operations attributable to Polaris Inc. common shareholders 134.3 141.8 247.7 215.9
Net loss from discontinued operations 0.0 (146.4) 0.0 (150.6)
Net income (loss) attributable to Polaris Inc. $ 134.3 $ (4.6) $ 247.7 $ 65.3
Continuing operations, Basic (usd per share) $ 2.35 $ 2.37 $ 4.32 $ 3.59
Discontinued operations, Basic (in usd per share) 0 (2.45) 0 (2.50)
Basic (in usd per share) 2.35 (0.08) 4.32 1.09
Continuing operations, Diluted (in usd per share) 2.32 2.34 4.28 3.55
Discontinued operations, Diluted (in usd per share) 0 (2.42) 0 (2.48)
Diluted (in usd per share) $ 2.32 $ (0.08) $ 4.28 $ 1.07
Weighted average shares outstanding:        
Basic (in shares) 57.2 59.9 57.3 60.1
Diluted (in shares) 57.8 60.5 57.9 60.9
Income from financial services        
Operating expenses:        
Income from financial services $ 20.6 $ 10.2 $ 37.4 $ 21.6