| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Goodwill impairment | NaN | NaN | NaN | 52,600 |
| Investment impairment | NaN | NaN | NaN | 49,400 |
| Net loss | -47,200 | -303,300 | -15,700 | -145,800 |
| Depreciation and amortization | 63,200 | 67,600 | 72,600 | 146,300 |
| Noncash compensation | 20,700 | 10,800 | 16,300 | 32,800 |
| Noncash income from financial services | 9,700 | 9,800 | 9,700 | 22,600 |
| Deferred income taxes | 4,300 | -101,400 | -17,500 | -20,200 |
| Impairment charges | NaN | 11,600 | 144,300 | NaN |
| Loss on disposal group held for sale | NaN | -327,100 | NaN | NaN |
| Loss on disposal groups | 31,600 | NaN | NaN | NaN |
| Other, net | -1,600 | -5,900 | -1,100 | 1,800 |
| Trade receivables | 17,100 | 8,500 | 5,300 | 20,300 |
| Inventories | 173,000 | -106,500 | -1,300 | -75,800 |
| Accounts payable | 47,500 | -40,000 | 34,500 | 202,200 |
| Accrued expenses | -137,100 | 137,500 | 17,600 | -17,700 |
| Income taxes payable/receivable | -40,300 | 30,900 | 11,700 | -18,300 |
| Distributions from finance affiliate | NaN | 61,500 | NaN | NaN |
| Prepaid expenses and other, net | 64,700 | 56,200 | -9,600 | -91,100 |
| Investments in and distributions from other affiliates | NaN | 3,900 | NaN | NaN |
| Net cash (used for) provided by operating activities | -320,200 | 178,700 | 158,800 | 403,500 |
| Acquisition of developed technology assets | NaN | 0 | 0 | 0 |
| Purchase of property and equipment, net | 29,700 | 64,700 | 42,100 | 76,100 |
| Distributions from (investment in) finance affiliate, net | 34,000 | NaN | -25,000 | -16,400 |
| Investments in other affiliates | 20,000 | 14,200 | 0 | 0 |
| Acquisitions of businesses, net of cash acquired | NaN | 0 | NaN | NaN |
| Sale of business | 79,300 | NaN | NaN | NaN |
| Net cash used for investing activities | -121,600 | -62,700 | -17,100 | -59,700 |
| Borrowings under financing obligations | NaN | 1,305,900 | 456,900 | 1,378,900 |
| Borrowings (repayments) under revolving loan facility, net | 558,600 | NaN | NaN | NaN |
| Repayments under financing obligations | 6,700 | 1,502,800 | 550,100 | 1,632,400 |
| Repurchase and retirement of common shares | 9,200 | 0 | 0 | 2,400 |
| Cash dividends to shareholders | 38,700 | 37,300 | 37,900 | 75,100 |
| Payments of ordinary dividends, noncontrolling interest | 0 | 200 | 0 | 200 |
| Proceeds from stock issuances under employee plans | 2,600 | 600 | 800 | 2,300 |
| Net cash provided by (used for) financing activities | 506,600 | -233,800 | -130,300 | -328,900 |
| Impact of currency exchange rates on cash balances | -2,900 | 2,600 | 200 | 22,000 |
| Net increase in cash, cash equivalents and restricted cash | 61,900 | -115,200 | 11,600 | 36,900 |
| Cash, cash equivalents and restricted cash at beginning of period | 236,300 | 351,500 | 303,000 | NaN |
| Cash, cash equivalents and restricted cash at end of period | 298,200 | 236,300 | 351,500 | NaN |
Polaris Inc. (PII)
Polaris Inc. (PII)