Polaris Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-465.5M | $110.8M | $502.8M | $447.1M | $493.9M | $124.8M | $324.0M | $335.3M |
| Depreciation & Amortization | $286.5M | $286.3M | $258.9M | $232.8M | $216.4M | $235.8M | $234.5M | $211.0M |
| Depreciation | $263.5M | $264.4M | $241.2M | $214.0M | $193.4M | $198.2M | $189.1M | — |
| Amortization | $23.0M | $21.9M | $17.7M | $18.8M | $22.9M | $24.4M | $40.9M | $32.9M |
| Stock-Based Compensation | $59.9M | $49.2M | $57.4M | $62.9M | $60.6M | $65.3M | $75.0M | $64.0M |
| Net Cash from Operating Activities | $741.0M | $268.2M | $925.8M | $508.6M | $293.7M | $1.02B | $655.1M | $477.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $182.9M | $261.7M | $412.6M | $306.6M | $282.8M | $204.3M | $251.4M | $225.4M |
| Business Acquisitions | $0 | $0 | $22.7M | $-42.2M | $0 | $0 | $1.8M | $759.8M |
| Net Cash from Investing Activities | $-139.5M | $-270.9M | $-462.0M | $-324.6M | $-303.9M | $-150.7M | $-239.3M | $-959.5M |
| Financing Activities | ||||||||
| Dividends Paid | $150.3M | $147.7M | $147.3M | $150.0M | $153.4M | $152.5M | $149.1M | $149.0M |
| Stock Repurchases | $2.4M | $82.7M | $178.6M | $505.0M | $461.6M | $50.3M | $8.4M | $348.7M |
| Net Cash from Financing Activities | $-693.0M | $-59.2M | $-431.3M | $-363.2M | $-107.6M | $-415.4M | $-411.8M | $523.4M |
| Net Change in Cash | $-66.7M | $-79.9M | $43.2M | $-189.4M | $-128.4M | $461.2M | $3.2M | $31.5M |
| Free Cash Flow | $558.1M | $6.5M | $513.2M | $202.0M | $10.9M | $814.3M | $403.7M | $251.7M |